Payroll Masters: 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.
Payroll Masters
Largest movements
- Receivables within one year +€87,247
up €87,247 (+47.2%), from €184,726 to €271,973
- Cash -€65,191
down €65,191 (-69.9%), from €93,319 to €28,129
mainly Receivables within one year (-€87,247) and Tax, wage and social debts (-€26,429)
- Deferred charges and accrued income -€8,312
down €8,312 (-46.7%), from €17,788 to €9,476
- Tangible fixed assets -€3,692
down €3,692 (-52.8%), from €6,990 to €3,298
- Trade debts +€59,072
up €59,072 (+82.7%), from €71,430 to €130,502
- Tax, wage and social debts -€26,429
down €26,429 (-21.3%), from €123,990 to €97,561
of which Taxes: -€17,853
- Other debts -€14,051
down €14,051 (-95.4%), from €14,733 to €681
- Reserves -€8,540
down €8,540 (-9.4%), from €90,671 to €82,130
- Staff costs +€57,346
up €57,346 (+8.7%), from €658,803 to €716,149
- Taxes -€16,164
down €16,164 (-80.1%), from €20,184 to €4,019
- Gross operating margin -€12,856
down €12,856 (-1.7%), from €754,597 to €741,741
- Financial charges +€11,227
up €11,227 (+75.7%), from €14,829 to €26,056
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 | €302,823 | €312,875 | +€10,052 | +3.3% |
| Fixed assets | 21/28 | €6,990 | €3,298 | -€3,692 | -52.8% |
| Tangible fixed assets | 22/27 | €6,990 | €3,298 | -€3,692 | -52.8% |
| Furniture and vehicles | 24 | €6,990 | €3,298 | -€3,692 | -52.8% |
| Current assets | 29/58 | €295,833 | €309,577 | +€13,744 | +4.6% |
| Amounts receivable within one year | 40/41 | €184,726 | €271,973 | +€87,247 | +47.2% |
| Trade receivables | 40 | €184,726 | €271,973 | +€87,247 | +47.2% |
| Cash at bank and in hand | 54/58 | €93,319 | €28,129 | -€65,191 | -69.9% |
| Deferred charges and accrued income | 490/1 | €17,788 | €9,476 | -€8,312 | -46.7% |
| Total equity and liabilities | 10/49 | €302,823 | €312,875 | +€10,052 | +3.3% |
| Equity | 10/15 | €92,671 | €84,130 | -€8,540 | -9.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €90,671 | €82,130 | -€8,540 | -9.4% |
| Distributable reserves | 133 | €90,671 | €82,130 | -€8,540 | -9.4% |
| Amounts payable | 17/49 | €210,153 | €228,745 | +€18,592 | +8.8% |
| Amounts payable within one year | 42/48 | €210,153 | €228,745 | +€18,592 | +8.8% |
| Trade debts | 44 | €71,430 | €130,502 | +€59,072 | +82.7% |
| Suppliers | 440/4 | €71,430 | €130,502 | +€59,072 | +82.7% |
| Taxes, remuneration and social security | 45 | €123,990 | €97,561 | -€26,429 | -21.3% |
| Taxes | 450/3 | €50,888 | €33,035 | -€17,853 | -35.1% |
| Remuneration and social security | 454/9 | €73,102 | €64,526 | -€8,577 | -11.7% |
| Other amounts payable | 47/48 | €14,733 | €681 | -€14,051 | -95.4% |
| Remuneration, social security and pensions | 62 | €658,803 | €716,149 | +€57,346 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,054 | €3,692 | +€638 | +20.9% |
| Other operating charges | 640/8 | €465 | €365 | -€100 | -21.5% |
| Gross operating margin | 9900 | €754,597 | €741,741 | -€12,856 | -1.7% |
| Operating profit (loss) | 9901 | €92,275 | €21,535 | -€70,740 | -76.7% |
| Financial income | 75/76B | €42 | €0 | -€42 | -99.3% |
| Recurring financial income | 75 | €42 | €0 | -€42 | -99.3% |
| Financial charges | 65/66B | €14,829 | €26,056 | +€11,227 | +75.7% |
| Recurring financial charges | 65 | €14,829 | €26,056 | +€11,227 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €77,489 | -€4,521 | -€82,010 | |
| Income taxes | 67/77 | €20,184 | €4,019 | -€16,164 | -80.1% |
| Profit (loss) for the period | 9904 | €57,305 | -€8,540 | -€65,845 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,305 | -€8,540 | -€65,845 |
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 12 October 2026 via checked.be.