paypuce: 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.
paypuce
Largest movements
- Receivables within one year +€111,436
up €111,436 (+53.9%), from €206,907 to €318,343
of which Trade receivables: +€97,773
- Tangible fixed assets +€105,535
up €105,535 (+673%), from €15,682 to €121,217
of which Assets under construction and advance payments: +€81,135
- Cash -€18,199
down €18,199 (-30.5%), from €59,621 to €41,423
mainly Receivables within one year (-€111,436) and Investment in fixed assets (net) (-€111,345)
- Current investments +€7,062
up €7,062 (+56.2%), from €12,560 to €19,622
- Trade debts +€89,191
up €89,191 (+55.6%), from €160,322 to €249,513
- Other debts +€74,606
up €74,606 (+102%), from €73,014 to €147,621
- Tax, wage and social debts +€41,443
up €41,443 (+92.5%), from €44,801 to €86,245
of which Remuneration and social security: +€42,204
- Profit (loss) carried forward +€5,755
up €5,755 (+18.1%), from €31,858 to €37,614
- Staff costs +€123,090
up €123,090 (+58.1%), from €211,689 to €334,779
- Gross operating margin +€89,897
up €89,897 (+34.5%), from €260,331 to €350,229
- Taxes -€9,006
down €9,006 (-96.0%), from €9,378 to €372
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 | €311,096 | €522,092 | +€210,996 | +67.8% |
| Fixed assets | 21/28 | €18,640 | €123,817 | +€105,177 | +564% |
| Intangible fixed assets | 21 | €358 | - | -€358 | |
| Tangible fixed assets | 22/27 | €15,682 | €121,217 | +€105,535 | +673% |
| Plant, machinery and equipment | 23 | €1,712 | €28,877 | +€27,166 | +1,587% |
| Furniture and vehicles | 24 | €7,722 | €6,734 | -€988 | -12.8% |
| Other tangible fixed assets | 26 | €6,248 | €4,471 | -€1,778 | -28.4% |
| Assets under construction and advance payments | 27 | - | €81,135 | +€81,135 | |
| Financial fixed assets | 28 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €292,456 | €398,274 | +€105,819 | +36.2% |
| Stocks and contracts in progress | 3 | €3,454 | €3,879 | +€425 | +12.3% |
| Stocks | 30/36 | €3,454 | €3,879 | +€425 | +12.3% |
| Amounts receivable within one year | 40/41 | €206,907 | €318,343 | +€111,436 | +53.9% |
| Trade receivables | 40 | €157,136 | €254,909 | +€97,773 | +62.2% |
| Other amounts receivable | 41 | €49,771 | €63,434 | +€13,663 | +27.5% |
| Current investments | 50/53 | €12,560 | €19,622 | +€7,062 | +56.2% |
| Cash at bank and in hand | 54/58 | €59,621 | €41,423 | -€18,199 | -30.5% |
| Deferred charges and accrued income | 490/1 | €9,913 | €15,009 | +€5,095 | +51.4% |
| Total equity and liabilities | 10/49 | €311,096 | €522,092 | +€210,996 | +67.8% |
| Equity | 10/15 | €32,958 | €38,714 | +€5,755 | +17.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,858 | €37,614 | +€5,755 | +18.1% |
| Amounts payable | 17/49 | €278,137 | €483,378 | +€205,241 | +73.8% |
| Amounts payable within one year | 42/48 | €278,137 | €483,378 | +€205,241 | +73.8% |
| Trade debts | 44 | €160,322 | €249,513 | +€89,191 | +55.6% |
| Suppliers | 440/4 | €160,322 | €249,513 | +€89,191 | +55.6% |
| Taxes, remuneration and social security | 45 | €44,801 | €86,245 | +€41,443 | +92.5% |
| Taxes | 450/3 | €18,463 | €17,703 | -€761 | -4.1% |
| Remuneration and social security | 454/9 | €26,338 | €68,542 | +€42,204 | +160% |
| Other amounts payable | 47/48 | €73,014 | €147,621 | +€74,606 | +102% |
| Remuneration, social security and pensions | 62 | €211,689 | €334,779 | +€123,090 | +58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,817 | €6,168 | -€1,649 | -21.1% |
| Other operating charges | 640/8 | €2,981 | €2,024 | -€957 | -32.1% |
| Gross operating margin | 9900 | €260,331 | €350,229 | +€89,897 | +34.5% |
| Operating profit (loss) | 9901 | €37,845 | €7,259 | -€30,586 | -80.8% |
| Financial income | 75/76B | €640 | €113 | -€527 | -82.3% |
| Recurring financial income | 75 | €640 | €113 | -€527 | -82.3% |
| Financial charges | 65/66B | €2,025 | €1,245 | -€780 | -38.5% |
| Recurring financial charges | 65 | €2,025 | €1,245 | -€780 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €36,460 | €6,127 | -€30,333 | -83.2% |
| Income taxes | 67/77 | €9,378 | €372 | -€9,006 | -96.0% |
| Profit (loss) for the period | 9904 | €27,082 | €5,755 | -€21,327 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,082 | €5,755 | -€21,327 | -78.7% |
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 21 October 2026 via checked.be.