PAY SERVICE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PAY SERVICE
Largest movements
- Tangible fixed assets -€153,150
down €153,150 (-45.5%), from €336,554 to €183,404
of which Assets under construction and advance payments: -€150,850
- Financial fixed assets +€30,000
new in 2024: €30,000
- Cash -€9,462
down €9,462 (-95.9%), from €9,863 to €402
mainly Debts after one year (-€125,028) and Other debts (-€15,517)
- Receivables within one year -€5,392
down €5,392 (-11.0%), from €49,216 to €43,824
- Debts after one year -€125,028
down €125,028 (-91.8%), from €136,237 to €11,210
- Other debts -€15,517
down €15,517 (-26.2%), from €59,282 to €43,765
- Trade debts +€9,906
up €9,906 (+36.1%), from €27,429 to €37,335
- Tax, wage and social debts -€8,095
down €8,095 (-72.0%), from €11,250 to €3,154
- Short-term financial debts -€4,126
down €4,126 (-16.5%), from €24,935 to €20,809
- Other operating charges +€11,877
up €11,877 (+7,592%), from €156 to €12,033
- Taxes -€1,689
down €1,689 (-50.7%), from €3,328 to €1,639
- Gross operating margin +€1,446
up €1,446 (+4.5%), from €32,399 to €33,845
- Financial charges +€623
up €623 (+19.3%), from €3,225 to €3,848
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €395,633 | €257,629 | -€138,004 | -34.9% |
| Fixed assets | 21/28 | €336,554 | €213,404 | -€123,150 | -36.6% |
| Tangible fixed assets | 22/27 | €336,554 | €183,404 | -€153,150 | -45.5% |
| Land and buildings | 22 | €181,454 | €180,154 | -€1,300 | -0.7% |
| Plant, machinery and equipment | 23 | €4,250 | €3,250 | -€1,000 | -23.5% |
| Assets under construction and advance payments | 27 | €150,850 | - | -€150,850 | |
| Financial fixed assets | 28 | - | €30,000 | +€30,000 | |
| Current assets | 29/58 | €59,079 | €44,225 | -€14,854 | -25.1% |
| Amounts receivable within one year | 40/41 | €49,216 | €43,824 | -€5,392 | -11.0% |
| Trade receivables | 40 | €49,216 | €43,824 | -€5,392 | -11.0% |
| Cash at bank and in hand | 54/58 | €9,863 | €402 | -€9,462 | -95.9% |
| Total equity and liabilities | 10/49 | €395,633 | €257,629 | -€138,004 | -34.9% |
| Equity | 10/15 | €128,678 | €132,704 | +€4,026 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,856 | €86,856 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,100 | €44,100 | = | 0.0% |
| Distributable reserves | 133 | €40,896 | €40,896 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,222 | €27,248 | +€4,026 | +17.3% |
| Amounts payable | 17/49 | €266,955 | €124,925 | -€142,030 | -53.2% |
| Amounts payable after more than one year | 17 | €136,237 | €11,210 | -€125,028 | -91.8% |
| Financial debts | 170/4 | €136,237 | €11,210 | -€125,028 | -91.8% |
| Amounts payable within one year | 42/48 | €130,718 | €113,716 | -€17,002 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €6,005 | €6,004 | -€1 | 0.0% |
| Financial debts | 43 | €24,935 | €20,809 | -€4,126 | -16.5% |
| Credit institutions | 430/8 | €24,935 | €20,809 | -€4,126 | -16.5% |
| Trade debts | 44 | €27,429 | €37,335 | +€9,906 | +36.1% |
| Suppliers | 440/4 | €27,429 | €37,335 | +€9,906 | +36.1% |
| Advances received on contracts in progress | 46 | €1,817 | €2,649 | +€831 | +45.8% |
| Taxes, remuneration and social security | 45 | €11,250 | €3,154 | -€8,095 | -72.0% |
| Taxes | 450/3 | €11,250 | €3,154 | -€8,095 | -72.0% |
| Other amounts payable | 47/48 | €59,282 | €43,765 | -€15,517 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,050 | €2,300 | +€250 | +12.2% |
| Other operating charges | 640/8 | €156 | €12,033 | +€11,877 | +7,592% |
| Gross operating margin | 9900 | €32,399 | €33,845 | +€1,446 | +4.5% |
| Operating profit (loss) | 9901 | €30,193 | €19,512 | -€10,681 | -35.4% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €3,225 | €3,848 | +€623 | +19.3% |
| Recurring financial charges | 65 | €3,225 | €3,848 | +€623 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €26,968 | €15,666 | -€11,302 | -41.9% |
| Income taxes | 67/77 | €3,328 | €1,639 | -€1,689 | -50.7% |
| Profit (loss) for the period | 9904 | €23,640 | €14,026 | -€9,613 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,640 | €14,026 | -€9,613 | -40.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.