CASH PAPIER: what changed
What changed
CASH PAPIER
NACE 46.492, Wholesale trade
filed annual accounts (NBB)
Net result for the year
-€6,904
2024 · -€3,443-€3,461
Equity
€115,959
2024 · €123,102-€7,143
Cash
€35,005
2024 · €48,740-€13,735
Balance sheet total
€382,211
2024 · €383,758-€1,547
Largest movements
Assets
- Cash -€13,735
down €13,735 (-28.2%), from €48,740 to €35,005
mainly Investment in fixed assets (net) (-€22,956) and Debts after one year (-€7,387)
- Tangible fixed assets +€8,750
up €8,750 (+4.2%), from €206,040 to €214,789
of which Furniture and vehicles: +€19,007
- Receivables within one year +€4,426
up €4,426 (+13.1%), from €33,860 to €38,286
of which Trade receivables: +€4,426
Equity and liabilities
- Trade debts +€14,778
up €14,778 (+35.1%), from €42,076 to €56,854
- Debts after one year -€7,387
down €7,387 (-4.9%), from €150,577 to €143,189
- Profit (loss) carried forward -€6,904
down €6,904 (-12.7%), from €54,278 to €47,374
- Tax, wage and social debts -€6,903
down €6,903 (-32.3%), from €21,352 to €14,449
of which Remuneration and social security: -€5,498
- Current portion of long-term debt +€5,372
up €5,372 (+38.9%), from €13,818 to €19,190
Income statement
- Gross operating margin -€23,121
down €23,121 (-20.7%), from €111,846 to €88,725
- Staff costs -€21,261
down €21,261 (-22.5%), from €94,611 to €73,350
- Depreciation +€2,379
up €2,379 (+20.1%), from €11,827 to €14,206
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.
Result 2024
-€3,443
Gross operating margin
-€23,121
Staff costs
+€21,261
Depreciation
-€2,379
Other operating charges
+€652
Financial income
-€191
Financial charges
-€33
Taxes
+€350
Result 2025
-€6,904
raises the resultlowers the result
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.
From operations
+€11,476
Investment
-€22,956
Financing
-€2,255
Cash 2024
€48,740
From operations (derived)
+€11,476
Net result for the year
-€6,904
Depreciation
+€14,206
Stocks and contracts
+€1,522
Receivables within one year
-€4,426
Deferred charges and accrued income
-€534
Provisions
-€123
Trade debts
+€14,778
Tax, wage and social debts
-€6,903
Accrued charges and deferred income
-€140
Investment (derived)
-€22,956
Investment in fixed assets (net)
-€22,956
Financing
-€2,255
Debts after one year
-€7,387
Current portion of long-term debt
+€5,372
Contributions, distributions and other
-€239
Cash 2025
€35,005
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €383,758 | €382,211 | -€1,547 | -0.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €210,598 | €219,347 | +€8,750 | +4.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €206,040 | €214,789 | +€8,750 | +4.2% |
| Land and buildings | 22 | €189,976 | €182,664 | -€7,312 | -3.8% |
| Plant, machinery and equipment | 23 | €15,386 | €12,441 | -€2,945 | -19.1% |
| Furniture and vehicles | 24 | €677 | €19,684 | +€19,007 | +2,807% |
| Financial fixed assets | 28 | €4,558 | €4,558 | = | 0.0% |
| Current assets | 29/58 | €173,160 | €162,863 | -€10,297 | -5.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €89,505 | €87,983 | -€1,522 | -1.7% |
| Stocks | 30/36 | €89,505 | €87,983 | -€1,522 | -1.7% |
| Amounts receivable within one year | 40/41 | €33,860 | €38,286 | +€4,426 | +13.1% |
| Trade receivables | 40 | €33,820 | €38,246 | +€4,426 | +13.1% |
| Other amounts receivable | 41 | €40 | €40 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €48,740 | €35,005 | -€13,735 | -28.2% |
| Deferred charges and accrued income | 490/1 | €1,055 | €1,589 | +€534 | +50.6% |
| Total equity and liabilities | 10/49 | €383,758 | €382,211 | -€1,547 | -0.4% |
| Equity | 10/15 | €123,102 | €115,959 | -€7,143 | -5.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,278 | €47,374 | -€6,904 | -12.7% |
| Investment grants | 15 | €654 | €415 | -€239 | -36.6% |
| Provisions and deferred taxes | 16 | €337 | €213 | -€123 | -36.6% |
| Deferred taxes | 168 | €337 | €213 | -€123 | -36.6% |
| Amounts payable | 17/49 | €260,319 | €266,038 | +€5,719 | +2.2% |
| Amounts payable after more than one year | 17 | €150,577 | €143,189 | -€7,387 | -4.9% |
| Financial debts | 170/4 | €150,577 | €143,189 | -€7,387 | -4.9% |
| Amounts payable within one year | 42/48 | €109,210 | €122,457 | +€13,247 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €13,818 | €19,190 | +€5,372 | +38.9% |
| Trade debts | 44 | €42,076 | €56,854 | +€14,778 | +35.1% |
| Suppliers | 440/4 | €42,076 | €56,854 | +€14,778 | +35.1% |
| Taxes, remuneration and social security | 45 | €21,352 | €14,449 | -€6,903 | -32.3% |
| Taxes | 450/3 | €3,966 | €2,561 | -€1,405 | -35.4% |
| Remuneration and social security | 454/9 | €17,387 | €11,888 | -€5,498 | -31.6% |
| Other amounts payable | 47/48 | €31,964 | €31,964 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €532 | €392 | -€140 | -26.3% |
| Remuneration, social security and pensions | 62 | €94,611 | €73,350 | -€21,261 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,827 | €14,206 | +€2,379 | +20.1% |
| Other operating charges | 640/8 | €3,672 | €3,020 | -€652 | -17.7% |
| Gross operating margin | 9900 | €111,846 | €88,725 | -€23,121 | -20.7% |
| Operating profit (loss) | 9901 | €1,736 | -€1,852 | -€3,588 | |
| Financial income | 75/76B | €570 | €380 | -€191 | -33.4% |
| Recurring financial income | 75 | €570 | €380 | -€191 | -33.4% |
| Financial charges | 65/66B | €5,391 | €5,424 | +€33 | +0.6% |
| Recurring financial charges | 65 | €5,391 | €5,424 | +€33 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,085 | -€6,896 | -€3,811 | -124% |
| Transfer from deferred taxes | 780 | €123 | €123 | = | 0.0% |
| Income taxes | 67/77 | €482 | €131 | -€350 | -72.7% |
| Profit (loss) for the period | 9904 | -€3,443 | -€6,904 | -€3,461 | -101% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,443 | -€6,904 | -€3,461 | -101% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.