PAYFIN: 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.
PAYFIN
Largest movements
- Cash -€112,618
down €112,618 (-85.3%), from €132,012 to €19,394
mainly Other debts (-€86,323) and Contributions, distributions and other (-€34,024)
- Current investments -€25,728
down €25,728 (-39.8%), from €64,605 to €38,877
- Receivables within one year +€12,943
up €12,943 (+366%), from €3,534 to €16,477
of which Trade receivables: +€11,634
- Other debts -€86,323
down €86,323 (-96.7%), from €89,268 to €2,946
- Reserves -€27,500
down €27,500 (-61.8%), from €44,500 to €17,000
- Tax, wage and social debts -€11,312
down €11,312 (-73.1%), from €15,472 to €4,160
- Gross operating margin -€45,938
down €45,938 (-87.2%), from €52,652 to €6,714
- Taxes -€11,566
down €11,566 (-80.2%), from €14,412 to €2,846
- Depreciation -€2,796
down €2,796 (-94.8%), from €2,950 to €153
- Financial income +€1,626
up €1,626 (+85.0%), from €1,912 to €3,538
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,755 | €77,165 | -€125,590 | -61.9% |
| Fixed assets | 21/28 | €2,433 | €2,280 | -€153 | -6.3% |
| Tangible fixed assets | 22/27 | €153 | - | -€153 | |
| Furniture and vehicles | 24 | €153 | - | -€153 | |
| Financial fixed assets | 28 | €2,280 | €2,280 | = | 0.0% |
| Current assets | 29/58 | €200,322 | €74,885 | -€125,437 | -62.6% |
| Amounts receivable within one year | 40/41 | €3,534 | €16,477 | +€12,943 | +366% |
| Trade receivables | 40 | €2,879 | €14,513 | +€11,634 | +404% |
| Other amounts receivable | 41 | €655 | €1,964 | +€1,310 | +200% |
| Current investments | 50/53 | €64,605 | €38,877 | -€25,728 | -39.8% |
| Cash at bank and in hand | 54/58 | €132,012 | €19,394 | -€112,618 | -85.3% |
| Deferred charges and accrued income | 490/1 | €170 | €136 | -€34 | -19.9% |
| Total equity and liabilities | 10/49 | €202,755 | €77,165 | -€125,590 | -61.9% |
| Equity | 10/15 | €95,522 | €68,022 | -€27,500 | -28.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €44,500 | €17,000 | -€27,500 | -61.8% |
| Distributable reserves | 133 | €44,500 | €17,000 | -€27,500 | -61.8% |
| Profit (loss) carried forward | 14 | €1,022 | €1,022 | = | 0.0% |
| Amounts payable | 17/49 | €107,233 | €9,143 | -€98,090 | -91.5% |
| Amounts payable within one year | 42/48 | €106,417 | €9,076 | -€97,341 | -91.5% |
| Trade debts | 44 | €1,677 | €1,971 | +€294 | +17.5% |
| Suppliers | 440/4 | €1,677 | €1,971 | +€294 | +17.5% |
| Taxes, remuneration and social security | 45 | €15,472 | €4,160 | -€11,312 | -73.1% |
| Taxes | 450/3 | €15,472 | €4,160 | -€11,312 | -73.1% |
| Other amounts payable | 47/48 | €89,268 | €2,946 | -€86,323 | -96.7% |
| Accrued charges and deferred income | 492/3 | €816 | €67 | -€749 | -91.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,950 | €153 | -€2,796 | -94.8% |
| Other operating charges | 640/8 | €618 | €638 | +€20 | +3.2% |
| Gross operating margin | 9900 | €52,652 | €6,714 | -€45,938 | -87.2% |
| Operating profit (loss) | 9901 | €49,084 | €5,923 | -€43,162 | -87.9% |
| Financial income | 75/76B | €1,912 | €3,538 | +€1,626 | +85.0% |
| Recurring financial income | 75 | €1,912 | €3,538 | +€1,626 | +85.0% |
| Financial charges | 65/66B | €90 | €90 | -€0 | 0.0% |
| Recurring financial charges | 65 | €90 | €90 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €50,907 | €9,371 | -€41,536 | -81.6% |
| Income taxes | 67/77 | €14,412 | €2,846 | -€11,566 | -80.2% |
| Profit (loss) for the period | 9904 | €36,495 | €6,524 | -€29,970 | -82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,495 | €6,524 | -€29,970 | -82.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.