PAYNOVATE GROUP: what changed
What changed
PAYNOVATE GROUP
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€7,571
2024 · €8,505-€933
Equity
€69,497
2024 · €61,925+€7,571
Cash
€30,200
2024 · €31,644-€1,444
Balance sheet total
€180,636
2024 · €130,106+€50,531
Largest movements
Assets
- Receivables within one year +€52,466
up €52,466 (+150%), from €35,000 to €87,466
of which Trade receivables: +€45,450
Equity and liabilities
- Other debts +€36,693
up €36,693 (+82.7%), from €44,379 to €81,073
- Profit (loss) carried forward +€7,193
up €7,193, from €0 to €7,193
- Trade debts +€3,142
up €3,142 (+14.5%), from €21,675 to €24,817
- Tax, wage and social debts +€2,691
up €2,691 (+127%), from €2,126 to €4,818
Income statement
- Turnover -€35,000
no longer reported in 2025 (was €35,000)
- Gross operating margin +€28,169
new in 2025: €28,169
- Services and other goods -€23,301
no longer reported in 2025 (was €23,301)
- Other operating charges +€15,063
up €15,063 (+3,889%), from €387 to €15,450
- Financial charges +€1,782
up €1,782 (+978%), from €182 to €1,965
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€8,505
Turnover
-€35,000
Services and other goods
+€23,301
Depreciation
+€7
Other operating charges
-€15,063
Other operating items
+€28,169
Financial charges
-€1,782
Taxes
-€565
Result 2025
€7,571
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1,444
Investment
€0
Financing
€0
Cash 2024
€31,644
From operations (derived)
-€1,444
Net result for the year
+€7,571
Depreciation
+€492
Receivables within one year
-€52,466
Trade debts
+€3,142
Tax, wage and social debts
+€2,691
Other debts
+€36,693
Accrued charges and deferred income
+€432
Cash 2025
€30,200
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,106 | €180,636 | +€50,531 | +38.8% |
| Formation expenses | 20 | €1,962 | €1,470 | -€492 | -25.1% |
| Fixed assets | 21/28 | €61,500 | €61,500 | = | 0.0% |
| Financial fixed assets | 28 | €61,500 | €61,500 | = | 0.0% |
| Affiliated companies | 280/1 | €61,500 | - | -€61,500 | |
| Participating interests | 280 | €61,500 | - | -€61,500 | |
| Current assets | 29/58 | €66,644 | €117,666 | +€51,023 | +76.6% |
| Amounts receivable within one year | 40/41 | €35,000 | €87,466 | +€52,466 | +150% |
| Trade receivables | 40 | €35,000 | €80,450 | +€45,450 | +130% |
| Other amounts receivable | 41 | - | €7,016 | +€7,016 | |
| Cash at bank and in hand | 54/58 | €31,644 | €30,200 | -€1,444 | -4.6% |
| Total equity and liabilities | 10/49 | €130,106 | €180,636 | +€50,531 | +38.8% |
| Equity | 10/15 | €61,925 | €69,497 | +€7,571 | +12.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €425 | €804 | +€379 | +89.0% |
| Non-distributable reserves | 130/1 | €425 | €804 | +€379 | +89.0% |
| Legal reserve | 130 | €425 | €804 | +€379 | +89.0% |
| Profit (loss) carried forward | 14 | €0 | €7,193 | +€7,193 | |
| Amounts payable | 17/49 | €68,180 | €111,140 | +€42,959 | +63.0% |
| Amounts payable within one year | 42/48 | €68,180 | €110,707 | +€42,527 | +62.4% |
| Trade debts | 44 | €21,675 | €24,817 | +€3,142 | +14.5% |
| Suppliers | 440/4 | €21,675 | €24,817 | +€3,142 | +14.5% |
| Taxes, remuneration and social security | 45 | €2,126 | €4,818 | +€2,691 | +127% |
| Taxes | 450/3 | €2,126 | €4,818 | +€2,691 | +127% |
| Other amounts payable | 47/48 | €44,379 | €81,073 | +€36,693 | +82.7% |
| Accrued charges and deferred income | 492/3 | - | €432 | +€432 | |
| Operating income | 70/76A | €35,000 | - | -€35,000 | |
| Turnover | 70 | €35,000 | - | -€35,000 | |
| Operating charges | 60/66A | €24,187 | - | -€24,187 | |
| Services and other goods | 61 | €23,301 | - | -€23,301 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €499 | €492 | -€7 | -1.3% |
| Other operating charges | 640/8 | €387 | €15,450 | +€15,063 | +3,889% |
| Gross operating margin | 9900 | - | €28,169 | +€28,169 | |
| Operating profit (loss) | 9901 | €10,813 | €12,227 | +€1,414 | +13.1% |
| Financial charges | 65/66B | €182 | €1,965 | +€1,782 | +978% |
| Recurring financial charges | 65 | €182 | €1,965 | +€1,782 | +978% |
| Debt charges | 650 | €8 | - | -€8 | |
| Other financial charges | 652/9 | €175 | - | -€175 | |
| Profit (loss) for the period before taxes | 9903 | €10,631 | €10,263 | -€368 | -3.5% |
| Income taxes | 67/77 | €2,126 | €2,691 | +€565 | +26.6% |
| Taxes | 670/3 | €2,126 | - | -€2,126 | |
| Profit (loss) for the period | 9904 | €8,505 | €7,571 | -€933 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,505 | €7,571 | -€933 | -11.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.