The Payroll Office: what changed
The Payroll Office
Largest movements
- Receivables within one year +€27,401
up €27,401 (+57.2%), from €47,909 to €75,310
- Cash +€23,132
up €23,132 (+357%), from €6,474 to €29,606
mainly Net result for the year (+€26,541) and Tax, wage and social debts (+€17,339)
- Tangible fixed assets -€11,682
down €11,682 (-28.8%), from €40,572 to €28,890
of which Furniture and vehicles: -€11,382
- Deferred charges and accrued income -€1,526
down €1,526 (-41.2%), from €3,705 to €2,179
- Intangible fixed assets -€1,523
no longer reported in 2025 (was €1,523)
- Reserves +€26,541
up €26,541 (+131%), from €20,306 to €46,847
- Tax, wage and social debts +€17,339
up €17,339 (+113%), from €15,403 to €32,742
of which Remuneration and social security: +€13,293
- Debts after one year -€10,173
down €10,173 (-41.4%), from €24,547 to €14,374
- Trade debts +€1,667
up €1,667 (+6.1%), from €27,548 to €29,215
- Gross operating margin +€52,280
up €52,280 (+70.5%), from €74,120 to €126,400
- Staff costs +€43,581
up €43,581 (+145%), from €30,012 to €73,593
- Depreciation -€3,858
down €3,858 (-22.6%), from €17,063 to €13,205
- Taxes +€2,442
up €2,442 (+29.4%), from €8,321 to €10,763
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 | €101,833 | €137,635 | +€35,802 | +35.2% |
| Fixed assets | 21/28 | €43,745 | €30,540 | -€13,205 | -30.2% |
| Intangible fixed assets | 21 | €1,523 | - | -€1,523 | |
| Tangible fixed assets | 22/27 | €40,572 | €28,890 | -€11,682 | -28.8% |
| Land and buildings | 22 | €2,966 | €2,666 | -€301 | -10.1% |
| Furniture and vehicles | 24 | €37,606 | €26,224 | -€11,382 | -30.3% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €58,089 | €107,095 | +€49,007 | +84.4% |
| Amounts receivable within one year | 40/41 | €47,909 | €75,310 | +€27,401 | +57.2% |
| Trade receivables | 40 | €47,909 | €75,310 | +€27,401 | +57.2% |
| Cash at bank and in hand | 54/58 | €6,474 | €29,606 | +€23,132 | +357% |
| Deferred charges and accrued income | 490/1 | €3,705 | €2,179 | -€1,526 | -41.2% |
| Total equity and liabilities | 10/49 | €101,833 | €137,635 | +€35,802 | +35.2% |
| Equity | 10/15 | €24,306 | €50,847 | +€26,541 | +109% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €20,306 | €46,847 | +€26,541 | +131% |
| Distributable reserves | 133 | €20,306 | €46,847 | +€26,541 | +131% |
| Amounts payable | 17/49 | €77,527 | €86,788 | +€9,261 | +11.9% |
| Amounts payable after more than one year | 17 | €24,547 | €14,374 | -€10,173 | -41.4% |
| Financial debts | 170/4 | €24,547 | €14,374 | -€10,173 | -41.4% |
| Amounts payable within one year | 42/48 | €52,828 | €72,240 | +€19,412 | +36.7% |
| Current portion of amounts payable after more than one year | 42 | €9,767 | €10,173 | +€406 | +4.2% |
| Trade debts | 44 | €27,548 | €29,215 | +€1,667 | +6.1% |
| Suppliers | 440/4 | €27,548 | €29,215 | +€1,667 | +6.1% |
| Taxes, remuneration and social security | 45 | €15,403 | €32,742 | +€17,339 | +113% |
| Taxes | 450/3 | €10,506 | €14,552 | +€4,046 | +38.5% |
| Remuneration and social security | 454/9 | €4,897 | €18,190 | +€13,293 | +271% |
| Other amounts payable | 47/48 | €110 | €110 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €152 | €174 | +€22 | +14.2% |
| Remuneration, social security and pensions | 62 | €30,012 | €73,593 | +€43,581 | +145% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,063 | €13,205 | -€3,858 | -22.6% |
| Other operating charges | 640/8 | €613 | €841 | +€228 | +37.1% |
| Gross operating margin | 9900 | €74,120 | €126,400 | +€52,280 | +70.5% |
| Operating profit (loss) | 9901 | €26,431 | €38,761 | +€12,330 | +46.7% |
| Financial income | 75/76B | €21 | €2 | -€19 | -90.1% |
| Recurring financial income | 75 | €21 | €2 | -€19 | -90.1% |
| Financial charges | 65/66B | €1,933 | €1,459 | -€474 | -24.5% |
| Recurring financial charges | 65 | €1,933 | €1,459 | -€474 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €24,519 | €37,304 | +€12,785 | +52.1% |
| Income taxes | 67/77 | €8,321 | €10,763 | +€2,442 | +29.4% |
| Profit (loss) for the period | 9904 | €16,199 | €26,541 | +€10,343 | +63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,199 | €26,541 | +€10,343 | +63.8% |
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 2 November 2026 via checked.be.