PAYAM: what changed
Two fiscal 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.
PAYAM
Largest movements
- Tangible fixed assets +€34,771
up €34,771 (+1457.4%), from €2,386 to €37,157
of which Furniture and vehicles: +€33,858
- Receivables within one year -€13,007
down €13,007 (-56.8%), from €22,888 to €9,880
of which Trade receivables: -€16,875
- Cash +€6,604
up €6,604 (+715.2%), from €923 to €7,527
mainly Net result for the year (+€25,133) and Receivables within one year (+€13,007)
- Deferred charges and accrued income +€732
up €732 (+118.7%), from €617 to €1,349
- Reserves +€25,133
up €25,133 (+491.0%), from €5,119 to €30,251
- Debts after one year +€11,983
new in 2024: €11,983
- Trade debts -€7,902
down €7,902 (-79.8%), from €9,901 to €1,999
- Other debts -€4,867
no longer reported in 2024 (was €4,867)
- Current portion of long-term debt +€2,602
new in 2024: €2,602
- Gross operating margin +€30,214
up €30,214 (+312.9%), from €9,655 to €39,870
- Taxes +€7,642
up €7,642 (+293.9%), from €2,600 to €10,243
- Financial charges +€1,786
up €1,786 (+2574.5%), from €69 to €1,856
- Depreciation +€1,143
up €1,143 (+95.0%), from €1,203 to €2,346
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.
Cash bridge derived
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 | €26,874 | €56,178 | +€29,304 | +109.0% |
| Fixed assets | 21/28 | €2,446 | €37,422 | +€34,976 | +1430.0% |
| Tangible fixed assets | 22/27 | €2,386 | €37,157 | +€34,771 | +1457.4% |
| Plant, machinery and equipment | 23 | - | €913 | +€913 | |
| Furniture and vehicles | 24 | €2,386 | €36,244 | +€33,858 | +1419.1% |
| Financial fixed assets | 28 | €60 | €265 | +€205 | +342.2% |
| Current assets | 29/58 | €24,428 | €18,756 | -€5,672 | -23.2% |
| Amounts receivable within one year | 40/41 | €22,888 | €9,880 | -€13,007 | -56.8% |
| Trade receivables | 40 | €22,888 | €6,013 | -€16,875 | -73.7% |
| Other amounts receivable | 41 | - | €3,867 | +€3,867 | |
| Cash at bank and in hand | 54/58 | €923 | €7,527 | +€6,604 | +715.2% |
| Deferred charges and accrued income | 490/1 | €617 | €1,349 | +€732 | +118.7% |
| Total equity and liabilities | 10/49 | €26,874 | €56,178 | +€29,304 | +109.0% |
| Equity | 10/15 | €5,119 | €31,751 | +€26,633 | +520.3% |
| Contributions | 10/11 | - | €1,500 | +€1,500 | |
| Reserves | 13 | €5,119 | €30,251 | +€25,133 | +491.0% |
| Distributable reserves | 133 | €5,119 | €30,251 | +€25,133 | +491.0% |
| Amounts payable | 17/49 | €21,755 | €24,427 | +€2,672 | +12.3% |
| Amounts payable after more than one year | 17 | - | €11,983 | +€11,983 | |
| Financial debts | 170/4 | - | €11,983 | +€11,983 | |
| Amounts payable within one year | 42/48 | €21,755 | €12,444 | -€9,311 | -42.8% |
| Current portion of amounts payable after more than one year | 42 | - | €2,602 | +€2,602 | |
| Trade debts | 44 | €9,901 | €1,999 | -€7,902 | -79.8% |
| Suppliers | 440/4 | €9,901 | €1,999 | -€7,902 | -79.8% |
| Taxes, remuneration and social security | 45 | €6,987 | €7,843 | +€856 | +12.3% |
| Taxes | 450/3 | €3,987 | €7,843 | +€3,856 | +96.7% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €4,867 | - | -€4,867 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,203 | €2,346 | +€1,143 | +95.0% |
| Other operating charges | 640/8 | €664 | €292 | -€372 | -56.0% |
| Gross operating margin | 9900 | €9,655 | €39,870 | +€30,214 | +312.9% |
| Operating profit (loss) | 9901 | €7,788 | €37,231 | +€29,443 | +378.0% |
| Financial charges | 65/66B | €69 | €1,856 | +€1,786 | +2574.5% |
| Recurring financial charges | 65 | €69 | €1,856 | +€1,786 | +2574.5% |
| Profit (loss) for the period before taxes | 9903 | €7,719 | €35,376 | +€27,657 | +358.3% |
| Income taxes | 67/77 | €2,600 | €10,243 | +€7,642 | +293.9% |
| Profit (loss) for the period | 9904 | €5,119 | €25,133 | +€20,014 | +391.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,119 | €25,133 | +€20,014 | +391.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.