PAYTECH: what changed
Two fiscal 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.
PAYTECH
Largest movements
- Cash +€74,525
up €74,525 (+54.1%), from €137,732 to €212,257
mainly Net result for the year (+€131,540) and Tax, wage and social debts (+€41,060)
- Stocks and contracts +€57,718
up €57,718 (+153.8%), from €37,537 to €95,255
- Tangible fixed assets +€13,113
new in 2025: €13,113
- Receivables within one year +€7,074
up €7,074 (+45.0%), from €15,734 to €22,809
of which Trade receivables: +€4,783
- Intangible fixed assets -€3,909
down €3,909 (-25.9%), from €15,098 to €11,189
- Profit (loss) carried forward +€109,840
up €109,840 (+97.5%), from €112,631 to €222,470
- Tax, wage and social debts +€41,060
up €41,060 (+122.1%), from €33,620 to €74,680
of which Taxes: +€37,281
- Trade debts -€18,006
down €18,006 (-52.2%), from €34,517 to €16,511
- Other debts +€13,145
up €13,145 (+53.1%), from €24,761 to €37,906
- Gross operating margin +€65,745
up €65,745 (+48.7%), from €135,138 to €200,883
- Taxes +€17,389
up €17,389 (+71.4%), from €24,349 to €41,738
- Staff costs +€13,303
up €13,303 (+273.1%), from €4,872 to €18,174
- Write-downs -€9,661
down €9,661 (-93.6%), from €10,319 to €659
- Financial income -€3,570
down €3,570 (-99.6%), from €3,584 to €14
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 | €207,528 | €355,821 | +€148,293 | +71.5% |
| Formation expenses | 20 | €380 | €190 | -€190 | -50.0% |
| Fixed assets | 21/28 | €15,998 | €25,203 | +€9,204 | +57.5% |
| Intangible fixed assets | 21 | €15,098 | €11,189 | -€3,909 | -25.9% |
| Tangible fixed assets | 22/27 | - | €13,113 | +€13,113 | |
| Furniture and vehicles | 24 | - | €13,113 | +€13,113 | |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €191,149 | €330,428 | +€139,279 | +72.9% |
| Stocks and contracts in progress | 3 | €37,537 | €95,255 | +€57,718 | +153.8% |
| Stocks | 30/36 | €37,537 | €95,255 | +€57,718 | +153.8% |
| Amounts receivable within one year | 40/41 | €15,734 | €22,809 | +€7,074 | +45.0% |
| Trade receivables | 40 | €15,734 | €20,518 | +€4,783 | +30.4% |
| Other amounts receivable | 41 | - | €2,291 | +€2,291 | |
| Cash at bank and in hand | 54/58 | €137,732 | €212,257 | +€74,525 | +54.1% |
| Deferred charges and accrued income | 490/1 | €146 | €108 | -€39 | -26.3% |
| Total equity and liabilities | 10/49 | €207,528 | €355,821 | +€148,293 | +71.5% |
| Equity | 10/15 | €114,631 | €224,470 | +€109,840 | +95.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,631 | €222,470 | +€109,840 | +97.5% |
| Amounts payable | 17/49 | €92,897 | €131,351 | +€38,454 | +41.4% |
| Amounts payable within one year | 42/48 | €92,897 | €131,351 | +€38,454 | +41.4% |
| Trade debts | 44 | €34,517 | €16,511 | -€18,006 | -52.2% |
| Suppliers | 440/4 | €34,517 | €16,511 | -€18,006 | -52.2% |
| Advances received on contracts in progress | 46 | - | €2,255 | +€2,255 | |
| Taxes, remuneration and social security | 45 | €33,620 | €74,680 | +€41,060 | +122.1% |
| Taxes | 450/3 | €33,309 | €70,590 | +€37,281 | +111.9% |
| Remuneration and social security | 454/9 | €311 | €4,090 | +€3,779 | +1214.6% |
| Other amounts payable | 47/48 | €24,761 | €37,906 | +€13,145 | +53.1% |
| Remuneration, social security and pensions | 62 | €4,872 | €18,174 | +€13,303 | +273.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,664 | €4,622 | +€958 | +26.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,319 | €659 | -€9,661 | -93.6% |
| Other operating charges | 640/8 | €2,116 | €3,977 | +€1,861 | +88.0% |
| Gross operating margin | 9900 | €135,138 | €200,883 | +€65,745 | +48.7% |
| Operating profit (loss) | 9901 | €114,167 | €173,451 | +€59,284 | +51.9% |
| Financial income | 75/76B | €3,584 | €14 | -€3,570 | -99.6% |
| Recurring financial income | 75 | €3,584 | €14 | -€3,570 | -99.6% |
| Financial charges | 65/66B | €240 | €187 | -€52 | -21.9% |
| Recurring financial charges | 65 | €240 | €187 | -€52 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €117,512 | €173,277 | +€55,766 | +47.5% |
| Income taxes | 67/77 | €24,349 | €41,738 | +€17,389 | +71.4% |
| Profit (loss) for the period | 9904 | €93,163 | €131,540 | +€38,377 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €93,163 | €131,540 | +€38,377 | +41.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.