PAYMOS: 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.
PAYMOS
Largest movements
- Tangible fixed assets +€505,265
up €505,265 (+248.9%), from €203,035 to €708,300
of which Plant, machinery and equipment: +€410,125
- Cash -€124,506
down €124,506 (-55.5%), from €224,356 to €99,850
mainly Investment in fixed assets (net) (-€990,466) and Other debts (-€38,000)
- Receivables within one year +€21,817
up €21,817 (+16.5%), from €132,100 to €153,917
of which Trade receivables: +€26,503
- Current portion of long-term debt +€240,206
up €240,206 (+692.0%), from €34,712 to €274,918
- Trade debts +€99,256
up €99,256 (+108.0%), from €91,896 to €191,152
- Debts after one year +€54,205
up €54,205 (+35.6%), from €152,381 to €206,586
- Other debts -€38,000
no longer reported in 2025 (was €38,000)
- Tax, wage and social debts +€26,675
up €26,675 (+24.1%), from €110,821 to €137,495
of which Remuneration and social security: +€17,014
- Gross operating margin +€698,689
up €698,689 (+151.9%), from €459,902 to €1.2m
- Depreciation +€444,784
up €444,784 (+1138.5%), from €39,068 to €483,852
- Staff costs +€311,559
up €311,559 (+130.6%), from €238,553 to €550,112
- Taxes +€17,808
up €17,808 (+40.8%), from €43,666 to €61,474
- Other operating charges -€17,365
down €17,365 (-52.3%), from €33,177 to €15,812
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 | €594,508 | €1,000,785 | +€406,278 | +68.3% |
| Fixed assets | 21/28 | €203,488 | €710,103 | +€506,615 | +249.0% |
| Intangible fixed assets | 21 | - | €1,349 | +€1,349 | |
| Tangible fixed assets | 22/27 | €203,035 | €708,300 | +€505,265 | +248.9% |
| Plant, machinery and equipment | 23 | €0 | €410,125 | +€410,125 | |
| Furniture and vehicles | 24 | €203,035 | €298,175 | +€95,140 | +46.9% |
| Financial fixed assets | 28 | €453 | €453 | = | 0.0% |
| Current assets | 29/58 | €391,020 | €290,683 | -€100,337 | -25.7% |
| Stocks and contracts in progress | 3 | €34,564 | €34,564 | = | 0.0% |
| Stocks | 30/36 | €34,564 | €34,564 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €132,100 | €153,917 | +€21,817 | +16.5% |
| Trade receivables | 40 | €115,289 | €141,792 | +€26,503 | +23.0% |
| Other amounts receivable | 41 | €16,810 | €12,124 | -€4,686 | -27.9% |
| Cash at bank and in hand | 54/58 | €224,356 | €99,850 | -€124,506 | -55.5% |
| Deferred charges and accrued income | 490/1 | - | €2,352 | +€2,352 | |
| Total equity and liabilities | 10/49 | €594,508 | €1,000,785 | +€406,278 | +68.3% |
| Equity | 10/15 | €166,698 | €190,634 | +€23,936 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,049 | €23,049 | = | 0.0% |
| Distributable reserves | 133 | €23,049 | €23,049 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,050 | €148,985 | +€23,936 | +19.1% |
| Amounts payable | 17/49 | €427,809 | €810,152 | +€382,342 | +89.4% |
| Amounts payable after more than one year | 17 | €152,381 | €206,586 | +€54,205 | +35.6% |
| Financial debts | 170/4 | €152,381 | €206,586 | +€54,205 | +35.6% |
| Amounts payable within one year | 42/48 | €275,429 | €603,565 | +€328,137 | +119.1% |
| Current portion of amounts payable after more than one year | 42 | €34,712 | €274,918 | +€240,206 | +692.0% |
| Trade debts | 44 | €91,896 | €191,152 | +€99,256 | +108.0% |
| Suppliers | 440/4 | €91,896 | €191,152 | +€99,256 | +108.0% |
| Taxes, remuneration and social security | 45 | €110,821 | €137,495 | +€26,675 | +24.1% |
| Taxes | 450/3 | €93,749 | €103,410 | +€9,661 | +10.3% |
| Remuneration and social security | 454/9 | €17,072 | €34,085 | +€17,014 | +99.7% |
| Other amounts payable | 47/48 | €38,000 | - | -€38,000 | |
| Remuneration, social security and pensions | 62 | €238,553 | €550,112 | +€311,559 | +130.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,068 | €483,852 | +€444,784 | +1138.5% |
| Other operating charges | 640/8 | €33,177 | €15,812 | -€17,365 | -52.3% |
| Gross operating margin | 9900 | €459,902 | €1,158,591 | +€698,689 | +151.9% |
| Operating profit (loss) | 9901 | €149,104 | €108,815 | -€40,288 | -27.0% |
| Financial income | 75/76B | €127 | €519 | +€392 | +308.7% |
| Recurring financial income | 75 | €127 | €519 | +€392 | +308.7% |
| Financial charges | 65/66B | €15,901 | €23,925 | +€8,023 | +50.5% |
| Recurring financial charges | 65 | €15,901 | €23,925 | +€8,023 | +50.5% |
| Profit (loss) for the period before taxes | 9903 | €133,329 | €85,410 | -€47,920 | -35.9% |
| Income taxes | 67/77 | €43,666 | €61,474 | +€17,808 | +40.8% |
| Profit (loss) for the period | 9904 | €89,664 | €23,936 | -€65,728 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €89,664 | €23,936 | -€65,728 | -73.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.