payflip: 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.
payflip
Largest movements
- Intangible fixed assets +€998,732
up €998,732 (+70.7%), from €1.4m to €2.4m
- Receivables within one year +€151,664
up €151,664 (+39.3%), from €386,302 to €537,965
of which Trade receivables: +€107,779
- Cash -€143,301
down €143,301 (-25.3%), from €566,192 to €422,891
mainly Investment in fixed assets (net) (-€1.5m) and Receivables within one year (-€151,664)
- Advances received +€500,000
new in 2025: €500,000
- Trade debts +€314,617
up €314,617 (+229.3%), from €137,224 to €451,841
- Profit (loss) carried forward +€238,899
up €238,899 (+105.0%), from €227,440 to €466,340
- Short-term financial debts +€101,320
up €101,320 (+523.4%), from €19,357 to €120,677
- Tax, wage and social debts -€69,891
down €69,891 (-18.4%), from €379,302 to €309,411
of which Taxes: -€149,459
- Gross operating margin +€1.1m
up €1.1m (+49.9%), from €2.2m to €3.3m
- Staff costs +€790,891
up €790,891 (+46.4%), from €1.7m to €2.5m
- Depreciation +€241,338
up €241,338 (+106.6%), from €226,469 to €467,806
- Taxes +€76,685
up €76,685 (+708.1%), from €10,830 to €87,515
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.
Cash bridge derived
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 | €2,517,923 | €3,541,861 | +€1.0m | +40.7% |
| Fixed assets | 21/28 | €1,465,770 | €2,460,593 | +€994,823 | +67.9% |
| Intangible fixed assets | 21 | €1,411,794 | €2,410,526 | +€998,732 | +70.7% |
| Tangible fixed assets | 22/27 | €37,469 | €23,450 | -€14,019 | -37.4% |
| Furniture and vehicles | 24 | €37,469 | €23,450 | -€14,019 | -37.4% |
| Financial fixed assets | 28 | €16,508 | €26,618 | +€10,110 | +61.2% |
| Current assets | 29/58 | €1,052,153 | €1,081,268 | +€29,115 | +2.8% |
| Amounts receivable within one year | 40/41 | €386,302 | €537,965 | +€151,664 | +39.3% |
| Trade receivables | 40 | €375,649 | €483,428 | +€107,779 | +28.7% |
| Other amounts receivable | 41 | €10,653 | €54,537 | +€43,884 | +411.9% |
| Cash at bank and in hand | 54/58 | €566,192 | €422,891 | -€143,301 | -25.3% |
| Deferred charges and accrued income | 490/1 | €99,659 | €120,411 | +€20,752 | +20.8% |
| Total equity and liabilities | 10/49 | €2,517,923 | €3,541,861 | +€1.0m | +40.7% |
| Equity | 10/15 | €1,129,140 | €1,368,040 | +€238,899 | +21.2% |
| Contributions | 10/11 | €811,947 | €811,947 | = | 0.0% |
| Reserves | 13 | €89,753 | €89,753 | = | 0.0% |
| Distributable reserves | 133 | €89,753 | €89,753 | = | 0.0% |
| Profit (loss) carried forward | 14 | €227,440 | €466,340 | +€238,899 | +105.0% |
| Amounts payable | 17/49 | €1,388,783 | €2,173,821 | +€785,038 | +56.5% |
| Amounts payable after more than one year | 17 | €226,427 | €167,562 | -€58,865 | -26.0% |
| Financial debts | 170/4 | €226,427 | €167,562 | -€58,865 | -26.0% |
| Amounts payable within one year | 42/48 | €559,456 | €1,440,794 | +€881,338 | +157.5% |
| Current portion of amounts payable after more than one year | 42 | €23,573 | €58,865 | +€35,293 | +149.7% |
| Financial debts | 43 | €19,357 | €120,677 | +€101,320 | +523.4% |
| Credit institutions | 430/8 | €19,357 | €120,677 | +€101,320 | +523.4% |
| Trade debts | 44 | €137,224 | €451,841 | +€314,617 | +229.3% |
| Suppliers | 440/4 | €137,224 | €451,841 | +€314,617 | +229.3% |
| Advances received on contracts in progress | 46 | - | €500,000 | +€500,000 | |
| Taxes, remuneration and social security | 45 | €379,302 | €309,411 | -€69,891 | -18.4% |
| Taxes | 450/3 | €149,459 | €0 | -€149,459 | -100.0% |
| Remuneration and social security | 454/9 | €229,843 | €309,411 | +€79,568 | +34.6% |
| Accrued charges and deferred income | 492/3 | €602,899 | €565,465 | -€37,435 | -6.2% |
| Non-recurring operating income | 76A | €28 | €0 | -€28 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,704,141 | €2,495,032 | +€790,891 | +46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,469 | €467,806 | +€241,338 | +106.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,731 | +€1,731 | |
| Other operating charges | 640/8 | €3,324 | €4,127 | +€803 | +24.2% |
| Gross operating margin | 9900 | €2,222,947 | €3,331,570 | +€1.1m | +49.9% |
| Operating profit (loss) | 9901 | €289,013 | €362,874 | +€73,861 | +25.6% |
| Financial income | 75/76B | €2,162 | €4,365 | +€2,203 | +101.9% |
| Recurring financial income | 75 | €2,162 | €4,365 | +€2,203 | +101.9% |
| Financial charges | 65/66B | €32,783 | €40,824 | +€8,041 | +24.5% |
| Recurring financial charges | 65 | €32,783 | €40,824 | +€8,041 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €258,392 | €326,415 | +€68,023 | +26.3% |
| Income taxes | 67/77 | €10,830 | €87,515 | +€76,685 | +708.1% |
| Profit (loss) for the period | 9904 | €247,562 | €238,899 | -€8,663 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €247,562 | €238,899 | -€8,663 | -3.5% |
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 9 October 2026 via checked.be.