DON PAPA: 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.
DON PAPA
Largest movements
- Receivables within one year +€26,993
up €26,993 (+133%), from €20,219 to €47,212
of which Trade receivables: +€26,435
- Cash +€16,914
up €16,914 (+109%), from €15,574 to €32,488
mainly Net result for the year (+€40,506) and Trade debts (+€28,745)
- Tangible fixed assets +€10,062
up €10,062 (+474%), from €2,124 to €12,186
of which Furniture and vehicles: +€10,172
- Profit (loss) carried forward +€40,506
up €40,506 (+258%), from €15,680 to €56,186
- Trade debts +€28,745
up €28,745 (+721%), from €3,985 to €32,730
- Other debts -€19,473
down €19,473 (-6.5%), from €297,969 to €278,496
- Debts after one year -€13,380
down €13,380 (-15.7%), from €84,961 to €71,581
- Tax, wage and social debts +€10,600
up €10,600 (+57.7%), from €18,377 to €28,977
- Gross operating margin +€40,998
up €40,998 (+150%), from €27,387 to €68,384
- Taxes +€9,893
up €9,893 (+113%), from €8,760 to €18,652
- Depreciation +€4,086
up €4,086 (+1,602%), from €255 to €4,341
- Financial charges +€1,718
up €1,718 (+106%), from €1,624 to €3,342
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €438,169 | €491,991 | +€53,822 | +12.3% |
| Fixed assets | 21/28 | €402,229 | €412,291 | +€10,062 | +2.5% |
| Tangible fixed assets | 22/27 | €2,124 | €12,186 | +€10,062 | +474% |
| Land and buildings | 22 | €770 | €660 | -€110 | -14.3% |
| Furniture and vehicles | 24 | €1,354 | €11,526 | +€10,172 | +751% |
| Financial fixed assets | 28 | €400,105 | €400,105 | = | 0.0% |
| Current assets | 29/58 | €35,940 | €79,700 | +€43,760 | +122% |
| Amounts receivable within one year | 40/41 | €20,219 | €47,212 | +€26,993 | +133% |
| Trade receivables | 40 | €20,219 | €46,654 | +€26,435 | +131% |
| Other amounts receivable | 41 | - | €558 | +€558 | |
| Cash at bank and in hand | 54/58 | €15,574 | €32,488 | +€16,914 | +109% |
| Deferred charges and accrued income | 490/1 | €147 | - | -€147 | |
| Total equity and liabilities | 10/49 | €438,169 | €491,991 | +€53,822 | +12.3% |
| Equity | 10/15 | €19,180 | €59,686 | +€40,506 | +211% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,680 | €56,186 | +€40,506 | +258% |
| Amounts payable | 17/49 | €418,990 | €432,305 | +€13,316 | +3.2% |
| Amounts payable after more than one year | 17 | €84,961 | €71,581 | -€13,380 | -15.7% |
| Financial debts | 170/4 | €84,961 | €71,581 | -€13,380 | -15.7% |
| Amounts payable within one year | 42/48 | €334,029 | €360,725 | +€26,696 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €13,698 | €20,522 | +€6,824 | +49.8% |
| Trade debts | 44 | €3,985 | €32,730 | +€28,745 | +721% |
| Suppliers | 440/4 | €3,985 | €32,730 | +€28,745 | +721% |
| Taxes, remuneration and social security | 45 | €18,377 | €28,977 | +€10,600 | +57.7% |
| Taxes | 450/3 | €18,377 | €28,977 | +€10,600 | +57.7% |
| Other amounts payable | 47/48 | €297,969 | €278,496 | -€19,473 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255 | €4,341 | +€4,086 | +1,602% |
| Other operating charges | 640/8 | €1,742 | €1,544 | -€199 | -11.4% |
| Gross operating margin | 9900 | €27,387 | €68,384 | +€40,998 | +150% |
| Operating profit (loss) | 9901 | €25,389 | €62,500 | +€37,111 | +146% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,624 | €3,342 | +€1,718 | +106% |
| Recurring financial charges | 65 | €1,624 | €3,342 | +€1,718 | +106% |
| Profit (loss) for the period before taxes | 9903 | €23,766 | €59,158 | +€35,393 | +149% |
| Income taxes | 67/77 | €8,760 | €18,652 | +€9,893 | +113% |
| Profit (loss) for the period | 9904 | €15,006 | €40,506 | +€25,500 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €15,006 | €40,506 | +€25,500 | +170% |
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 24 October 2026 via checked.be.