Payudar Consulting: what changed
Payudar Consulting
Largest movements
- Tangible fixed assets +€69,533
up €69,533 (+21.7%), from €320,190 to €389,723
of which Land and buildings: +€80,626
- Cash -€7,155
down €7,155 (-29.3%), from €24,448 to €17,292
mainly Contributions, distributions and other (-€135,300) and Investment in fixed assets (net) (-€101,028)
- Receivables within one year +€5,645
up €5,645 (+24.3%), from €23,198 to €28,843
of which Other amounts receivable: +€9,813
- Other debts +€99,968
up €99,968 (+308,733%), from €32 to €100,000
- Reserves -€83,762
down €83,762 (-49.6%), from €168,957 to €85,194
- Debts after one year +€42,065
up €42,065 (+22.6%), from €186,139 to €228,204
- Current portion of long-term debt +€6,270
up €6,270 (+26.1%), from €24,046 to €30,316
- Gross operating margin +€27,331
up €27,331 (+30.9%), from €88,377 to €115,708
- Depreciation +€11,158
up €11,158 (+54.9%), from €20,338 to €31,496
- Write-downs +€3,298
new in 2025: €3,298
- Taxes +€2,845
up €2,845 (+16.4%), from €17,317 to €20,163
- Financial income -€1,934
down €1,934 (-87.9%), from €2,199 to €265
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €394,411 | €459,077 | +€64,666 | +16.4% |
| Fixed assets | 21/28 | €320,190 | €389,723 | +€69,533 | +21.7% |
| Tangible fixed assets | 22/27 | €320,190 | €389,723 | +€69,533 | +21.7% |
| Land and buildings | 22 | €277,389 | €358,015 | +€80,626 | +29.1% |
| Furniture and vehicles | 24 | €42,800 | €31,707 | -€11,093 | -25.9% |
| Current assets | 29/58 | €74,221 | €69,354 | -€4,867 | -6.6% |
| Amounts receivable within one year | 40/41 | €23,198 | €28,843 | +€5,645 | +24.3% |
| Trade receivables | 40 | €20,515 | €16,347 | -€4,168 | -20.3% |
| Other amounts receivable | 41 | €2,683 | €12,495 | +€9,813 | +366% |
| Cash at bank and in hand | 54/58 | €24,448 | €17,292 | -€7,155 | -29.3% |
| Deferred charges and accrued income | 490/1 | €26,576 | €23,219 | -€3,356 | -12.6% |
| Total equity and liabilities | 10/49 | €394,411 | €459,077 | +€64,666 | +16.4% |
| Equity | 10/15 | €173,957 | €90,194 | -€83,762 | -48.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €168,957 | €85,194 | -€83,762 | -49.6% |
| Distributable reserves | 133 | €168,957 | €85,194 | -€83,762 | -49.6% |
| Amounts payable | 17/49 | €220,454 | €368,883 | +€148,428 | +67.3% |
| Amounts payable after more than one year | 17 | €186,139 | €228,204 | +€42,065 | +22.6% |
| Financial debts | 170/4 | €186,139 | €228,204 | +€42,065 | +22.6% |
| Amounts payable within one year | 42/48 | €34,315 | €140,679 | +€106,364 | +310% |
| Current portion of amounts payable after more than one year | 42 | €24,046 | €30,316 | +€6,270 | +26.1% |
| Financial debts | 43 | €6,815 | €6,873 | +€58 | +0.9% |
| Credit institutions | 430/8 | €6,815 | €6,873 | +€58 | +0.9% |
| Trade debts | 44 | €234 | €464 | +€230 | +98.4% |
| Suppliers | 440/4 | €234 | €464 | +€230 | +98.4% |
| Taxes, remuneration and social security | 45 | €3,188 | €3,026 | -€162 | -5.1% |
| Taxes | 450/3 | €3,188 | €3,026 | -€162 | -5.1% |
| Other amounts payable | 47/48 | €32 | €100,000 | +€99,968 | +308,733% |
| Non-recurring operating income | 76A | €3,490 | - | -€3,490 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,338 | €31,496 | +€11,158 | +54.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,298 | +€3,298 | |
| Other operating charges | 640/8 | €2,900 | €3,063 | +€163 | +5.6% |
| Gross operating margin | 9900 | €88,377 | €115,708 | +€27,331 | +30.9% |
| Operating profit (loss) | 9901 | €65,139 | €77,852 | +€12,713 | +19.5% |
| Financial income | 75/76B | €2,199 | €265 | -€1,934 | -87.9% |
| Recurring financial income | 75 | €2,199 | €265 | -€1,934 | -87.9% |
| Financial charges | 65/66B | €4,741 | €6,417 | +€1,675 | +35.3% |
| Recurring financial charges | 65 | €4,741 | €6,417 | +€1,675 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €62,597 | €71,700 | +€9,103 | +14.5% |
| Income taxes | 67/77 | €17,317 | €20,163 | +€2,845 | +16.4% |
| Profit (loss) for the period | 9904 | €45,280 | €51,538 | +€6,258 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,280 | €51,538 | +€6,258 | +13.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.