PAYOTA: 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.
PAYOTA
Largest movements
- Stocks and contracts +€376,364
up €376,364 (+374.1%), from €100,611 to €476,975
- Receivables within one year -€18,234
down €18,234 (-16.2%), from €112,237 to €94,003
of which Trade receivables: -€18,284
- Current investments +€7,631
new in 2025: €7,631
- Other debts -€282,838
down €282,838 (-73.0%), from €387,493 to €104,654
- Trade debts +€257,239
up €257,239 (+137.2%), from €187,455 to €444,694
- Debts after one year +€255,323
new in 2025: €255,323
- Profit (loss) carried forward +€126,611
up €126,611 (+41.7%), from -€303,697 to -€177,085
- Gross operating margin +€204,862
up €204,862, from -€69,389 to €135,472
- Turnover +€176,466
new in 2025: €176,466
- Purchases and services +€40,994
new in 2025: €40,994
- Financial charges +€1,873
up €1,873 (+223.4%), from €838 to €2,711
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 | €293,127 | €648,475 | +€355,348 | +121.2% |
| Fixed assets | 21/28 | €74,305 | €69,866 | -€4,439 | -6.0% |
| Tangible fixed assets | 22/27 | €74,305 | €69,866 | -€4,439 | -6.0% |
| Land and buildings | 22 | €60,002 | €60,002 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €348 | +€348 | |
| Furniture and vehicles | 24 | €14,303 | €9,515 | -€4,788 | -33.5% |
| Current assets | 29/58 | €218,822 | €578,609 | +€359,787 | +164.4% |
| Stocks and contracts in progress | 3 | €100,611 | €476,975 | +€376,364 | +374.1% |
| Stocks | 30/36 | €100,611 | €476,975 | +€376,364 | +374.1% |
| Amounts receivable within one year | 40/41 | €112,237 | €94,003 | -€18,234 | -16.2% |
| Trade receivables | 40 | €112,237 | €93,953 | -€18,284 | -16.3% |
| Other amounts receivable | 41 | - | €51 | +€51 | |
| Current investments | 50/53 | - | €7,631 | +€7,631 | |
| Cash at bank and in hand | 54/58 | €4,315 | - | -€4,315 | |
| Deferred charges and accrued income | 490/1 | €1,659 | - | -€1,659 | |
| Total equity and liabilities | 10/49 | €293,127 | €648,475 | +€355,348 | +121.2% |
| Equity | 10/15 | -€283,037 | -€156,425 | +€126,611 | +44.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,060 | €2,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,060 | €2,060 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,060 | €2,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€303,697 | -€177,085 | +€126,611 | +41.7% |
| Amounts payable | 17/49 | €576,164 | €804,900 | +€228,737 | +39.7% |
| Amounts payable after more than one year | 17 | - | €255,323 | +€255,323 | |
| Financial debts | 170/4 | - | €255,323 | +€255,323 | |
| Amounts payable within one year | 42/48 | €576,164 | €549,577 | -€26,586 | -4.6% |
| Trade debts | 44 | €187,455 | €444,694 | +€257,239 | +137.2% |
| Suppliers | 440/4 | €187,455 | €444,694 | +€257,239 | +137.2% |
| Taxes, remuneration and social security | 45 | €1,216 | €229 | -€987 | -81.2% |
| Taxes | 450/3 | €1,216 | €229 | -€987 | -81.2% |
| Other amounts payable | 47/48 | €387,493 | €104,654 | -€282,838 | -73.0% |
| Turnover | 70 | - | €176,466 | +€176,466 | |
| Non-recurring operating income | 76A | - | €323 | +€323 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €40,994 | +€40,994 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,785 | €4,893 | -€892 | -15.4% |
| Other operating charges | 640/8 | €2,821 | €1,416 | -€1,405 | -49.8% |
| Gross operating margin | 9900 | -€69,389 | €135,472 | +€204,862 | |
| Operating profit (loss) | 9901 | -€77,995 | €129,163 | +€207,158 | |
| Financial income | 75/76B | €42 | €160 | +€118 | +282.0% |
| Recurring financial income | 75 | €42 | €160 | +€118 | +282.0% |
| Financial charges | 65/66B | €838 | €2,711 | +€1,873 | +223.4% |
| Recurring financial charges | 65 | €838 | €2,711 | +€1,873 | +223.4% |
| Profit (loss) for the period before taxes | 9903 | -€78,792 | €126,611 | +€205,403 | |
| Income taxes | 67/77 | €229 | - | -€229 | |
| Profit (loss) for the period | 9904 | -€79,020 | €126,611 | +€205,632 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,020 | €126,611 | +€205,632 |
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.