PAYROLLER: 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.
What changed
PAYROLLER
NACE 78.100, Employment placement agencies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€472,129
2024 · €466,050+€6,079
Equity
€2.1m
2024 · €1.6m+€472,129
Cash
€1.4m
2024 · €1.0m+€393,983
Balance sheet total
€3.6m
2024 · €2.9m+€646,453
Largest movements
Assets
- Cash +€393,983
up €393,983 (+39.0%), from €1.0m to €1.4m
mainly Net result for the year (+€472,129) and Tax, wage and social debts (+€314,017)
- Receivables within one year +€349,976
up €349,976 (+29.7%), from €1.2m to €1.5m
of which Trade receivables: +€413,025
- Financial fixed assets -€120,000
down €120,000 (-96.0%), from €125,000 to €5,000
of which Affiliated companies: -€120,000
Equity and liabilities
- Reserves +€472,129
up €472,129 (+32.8%), from €1.4m to €1.9m
- Tax, wage and social debts +€314,017
up €314,017 (+32.9%), from €954,806 to €1.3m
of which Remuneration and social security: +€213,228
- Short-term financial debts -€88,256
down €88,256 (-100%), from €88,256 to €0
- Current portion of long-term debt -€81,493
down €81,493 (-100%), from €81,493 to €0
Income statement
- Turnover +€2.1m
up €2.1m (+16.8%), from €12.2m to €14.3m
- Staff costs +€1.9m
up €1.9m (+17.2%), from €10.8m to €12.7m
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.
Result 2024
€466,050
Turnover
+€2.1m
Other operating income
-€31,775
Services and other goods
-€28,207
Staff costs
-€1.9m
Depreciation
+€10,571
Write-downs
+€12,542
Other operating charges
+€6,531
Financial income
+€25,130
Financial charges
-€119,046
Taxes
-€62,292
Result 2025
€472,129
raises the resultlowers the result
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.
From operations
+€578,953
Investment
-€15,221
Financing
-€169,749
Cash 2024
€1.0m
From operations (derived)
+€578,953
Net result for the year
+€472,129
Depreciation
+€114,090
Receivables within one year
-€349,976
Deferred charges and accrued income
-€1,362
Trade debts
+€17,879
Tax, wage and social debts
+€314,017
Other debts
+€12,177
Investment (derived)
-€15,221
Investment in fixed assets (net)
-€15,221
Financing
-€169,749
Current portion of long-term debt
-€81,493
Short-term financial debts
-€88,256
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,929,511 | €3,575,964 | +€646,453 | +22.1% |
| Fixed assets | 21/28 | €737,668 | €638,799 | -€98,869 | -13.4% |
| Intangible fixed assets | 21 | €611,638 | €633,564 | +€21,926 | +3.6% |
| Tangible fixed assets | 22/27 | €1,029 | €235 | -€795 | -77.2% |
| Furniture and vehicles | 24 | €1,029 | €235 | -€795 | -77.2% |
| Financial fixed assets | 28 | €125,000 | €5,000 | -€120,000 | -96.0% |
| Affiliated companies | 280/1 | €120,000 | €0 | -€120,000 | -100% |
| Participating interests | 280 | €120,000 | €0 | -€120,000 | -100% |
| Other financial fixed assets | 284/8 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €2,191,843 | €2,937,164 | +€745,321 | +34.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,177,906 | €1,527,882 | +€349,976 | +29.7% |
| Trade receivables | 40 | €1,114,737 | €1,527,762 | +€413,025 | +37.1% |
| Other amounts receivable | 41 | €63,169 | €120 | -€63,049 | -99.8% |
| Cash at bank and in hand | 54/58 | €1,009,046 | €1,403,029 | +€393,983 | +39.0% |
| Deferred charges and accrued income | 490/1 | €4,891 | €6,253 | +€1,362 | +27.9% |
| Total equity and liabilities | 10/49 | €2,929,511 | €3,575,964 | +€646,453 | +22.1% |
| Equity | 10/15 | €1,640,725 | €2,112,854 | +€472,129 | +28.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,440,725 | €1,912,854 | +€472,129 | +32.8% |
| Distributable reserves | 133 | €1,440,725 | €1,912,854 | +€472,129 | +32.8% |
| Amounts payable | 17/49 | €1,288,786 | €1,463,109 | +€174,324 | +13.5% |
| Amounts payable within one year | 42/48 | €1,288,786 | €1,463,109 | +€174,324 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €81,493 | €0 | -€81,493 | -100% |
| Financial debts | 43 | €88,256 | €0 | -€88,256 | -100% |
| Credit institutions | 430/8 | €88,256 | €0 | -€88,256 | -100% |
| Trade debts | 44 | €100,883 | €118,762 | +€17,879 | +17.7% |
| Suppliers | 440/4 | €100,883 | €118,762 | +€17,879 | +17.7% |
| Taxes, remuneration and social security | 45 | €954,806 | €1,268,823 | +€314,017 | +32.9% |
| Taxes | 450/3 | €272,575 | €373,364 | +€100,789 | +37.0% |
| Remuneration and social security | 454/9 | €682,231 | €895,459 | +€213,228 | +31.3% |
| Other amounts payable | 47/48 | €63,348 | €75,524 | +€12,177 | +19.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €12,255,937 | €14,276,121 | +€2.0m | +16.5% |
| Turnover | 70 | €12,217,356 | €14,269,315 | +€2.1m | +16.8% |
| Other operating income | 74 | €38,581 | €6,806 | -€31,775 | -82.4% |
| Operating charges | 60/66A | €11,608,849 | €13,466,745 | +€1.9m | +16.0% |
| Services and other goods | 61 | €643,439 | €671,646 | +€28,207 | +4.4% |
| Remuneration, social security and pensions | 62 | €10,812,653 | €12,671,986 | +€1.9m | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,660 | €114,090 | -€10,571 | -8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,099 | -€9,444 | -€12,542 | |
| Other operating charges | 640/8 | €24,997 | €18,466 | -€6,531 | -26.1% |
| Operating profit (loss) | 9901 | €647,089 | €809,376 | +€162,288 | +25.1% |
| Financial income | 75/76B | €692 | €25,823 | +€25,130 | +3,629% |
| Recurring financial income | 75 | €692 | €25,823 | +€25,130 | +3,629% |
| Other financial income | 752/9 | €692 | €25,823 | +€25,130 | +3,629% |
| Financial charges | 65/66B | €13,657 | €132,703 | +€119,046 | +872% |
| Recurring financial charges | 65 | €13,657 | €12,704 | -€953 | -7.0% |
| Debt charges | 650 | €10,896 | €7,212 | -€3,683 | -33.8% |
| Other financial charges | 652/9 | €2,761 | €5,492 | +€2,731 | +98.9% |
| Non-recurring financial charges | 66B | - | €119,999 | +€119,999 | |
| Profit (loss) for the period before taxes | 9903 | €634,124 | €702,496 | +€68,371 | +10.8% |
| Income taxes | 67/77 | €168,074 | €230,366 | +€62,292 | +37.1% |
| Taxes | 670/3 | €173,074 | €230,366 | +€57,292 | +33.1% |
| Tax adjustments and reversals of tax provisions | 77 | €5,000 | €0 | -€5,000 | -100% |
| Profit (loss) for the period | 9904 | €466,050 | €472,129 | +€6,079 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €466,050 | €472,129 | +€6,079 | +1.3% |
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 28 October 2026 via checked.be.