PAYROLL & MORE: 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 & MORE
Largest movements
- Cash -€23,589
down €23,589 (-45.7%), from €51,614 to €28,025
mainly Contributions, distributions and other (-€38,634) and Investment in fixed assets (net) (-€6,526)
- Receivables within one year +€5,805
up €5,805 (+50.0%), from €11,601 to €17,406
of which Trade receivables: +€5,944
- Tangible fixed assets +€5,020
up €5,020 (+603%), from €833 to €5,853
of which Furniture and vehicles: +€5,406
- Reserves -€10,295
down €10,295 (-26.6%), from €38,634 to €28,339
of which Distributable reserves: -€10,295
- Other debts -€3,801
down €3,801 (-64.1%), from €5,930 to €2,129
- Tax, wage and social debts +€1,549
up €1,549 (+270%), from €574 to €2,123
- Gross operating margin -€9,938
down €9,938 (-19.1%), from €52,036 to €42,098
- Taxes -€2,999
down €2,999 (-22.7%), from €13,203 to €10,203
- Depreciation +€1,120
up €1,120 (+290%), from €386 to €1,506
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 | €65,087 | €52,342 | -€12,745 | -19.6% |
| Fixed assets | 21/28 | €833 | €5,853 | +€5,020 | +603% |
| Tangible fixed assets | 22/27 | €833 | €5,853 | +€5,020 | +603% |
| Furniture and vehicles | 24 | - | €5,406 | +€5,406 | |
| Other tangible fixed assets | 26 | €833 | €447 | -€386 | -46.3% |
| Current assets | 29/58 | €64,254 | €46,489 | -€17,765 | -27.6% |
| Amounts receivable within one year | 40/41 | €11,601 | €17,406 | +€5,805 | +50.0% |
| Trade receivables | 40 | €11,462 | €17,406 | +€5,944 | +51.9% |
| Other amounts receivable | 41 | €139 | €0 | -€139 | -100% |
| Cash at bank and in hand | 54/58 | €51,614 | €28,025 | -€23,589 | -45.7% |
| Deferred charges and accrued income | 490/1 | €1,039 | €1,058 | +€19 | +1.8% |
| Total equity and liabilities | 10/49 | €65,087 | €52,342 | -€12,745 | -19.6% |
| Equity | 10/15 | €57,234 | €46,939 | -€10,295 | -18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,634 | €28,339 | -€10,295 | -26.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €38,634 | €28,339 | -€10,295 | -26.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,853 | €5,402 | -€2,450 | -31.2% |
| Amounts payable within one year | 42/48 | €7,129 | €4,252 | -€2,877 | -40.4% |
| Trade debts | 44 | €625 | €0 | -€625 | -100% |
| Suppliers | 440/4 | €625 | €0 | -€625 | -100% |
| Taxes, remuneration and social security | 45 | €574 | €2,123 | +€1,549 | +270% |
| Taxes | 450/3 | €574 | €2,123 | +€1,549 | +270% |
| Other amounts payable | 47/48 | €5,930 | €2,129 | -€3,801 | -64.1% |
| Accrued charges and deferred income | 492/3 | €724 | €1,150 | +€426 | +58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €386 | €1,506 | +€1,120 | +290% |
| Other operating charges | 640/8 | €725 | €739 | +€14 | +1.9% |
| Gross operating margin | 9900 | €52,036 | €42,098 | -€9,938 | -19.1% |
| Operating profit (loss) | 9901 | €50,925 | €39,853 | -€11,072 | -21.7% |
| Financial charges | 65/66B | €948 | €1,310 | +€362 | +38.2% |
| Recurring financial charges | 65 | €948 | €1,310 | +€362 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | €49,977 | €38,543 | -€11,434 | -22.9% |
| Income taxes | 67/77 | €13,203 | €10,203 | -€2,999 | -22.7% |
| Profit (loss) for the period | 9904 | €36,774 | €28,339 | -€8,435 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,774 | €28,339 | -€8,435 | -22.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.