LA PAPERASSE: 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.
LA PAPERASSE
Largest movements
- Receivables within one year +€22,715
up €22,715 (+1,251%), from €1,816 to €24,531
of which Other amounts receivable: +€23,753
- Cash +€8,559
up €8,559 (+46.7%), from €18,310 to €26,869
mainly Net result for the year (+€29,105) and Tax, wage and social debts (+€8,711)
- Stocks and contracts +€2,200
up €2,200 (+4.0%), from €55,590 to €57,790
- Profit (loss) carried forward +€29,105
up €29,105 (+74.7%), from €38,954 to €68,058
- Tax, wage and social debts +€8,711
up €8,711 (+45.2%), from €19,257 to €27,969
of which Taxes: +€9,311
- Debts after one year -€5,561
down €5,561 (-19.9%), from €28,014 to €22,453
- Trade debts +€2,599
up €2,599 (+37.1%), from €7,010 to €9,608
- Turnover -€121,658
down €121,658 (-10.4%), from €1.2m to €1.0m
- Purchases and services -€102,383
down €102,383 (-9.5%), from €1.1m to €975,110
- Gross operating margin -€19,275
down €19,275 (-22.2%), from €86,764 to €67,488
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 | €114,339 | €148,088 | +€33,750 | +29.5% |
| Fixed assets | 21/28 | €38,622 | €38,898 | +€276 | +0.7% |
| Tangible fixed assets | 22/27 | €38,622 | €38,898 | +€276 | +0.7% |
| Land and buildings | 22 | €38,622 | €35,041 | -€3,581 | -9.3% |
| Plant, machinery and equipment | 23 | - | €2,700 | +€2,700 | |
| Furniture and vehicles | 24 | - | €1,158 | +€1,158 | |
| Current assets | 29/58 | €75,716 | €109,190 | +€33,474 | +44.2% |
| Stocks and contracts in progress | 3 | €55,590 | €57,790 | +€2,200 | +4.0% |
| Stocks | 30/36 | €55,590 | €57,790 | +€2,200 | +4.0% |
| Amounts receivable within one year | 40/41 | €1,816 | €24,531 | +€22,715 | +1,251% |
| Trade receivables | 40 | €1,037 | - | -€1,037 | |
| Other amounts receivable | 41 | €779 | €24,531 | +€23,753 | +3,051% |
| Cash at bank and in hand | 54/58 | €18,310 | €26,869 | +€8,559 | +46.7% |
| Total equity and liabilities | 10/49 | €114,339 | €148,088 | +€33,750 | +29.5% |
| Equity | 10/15 | €58,954 | €88,058 | +€29,105 | +49.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,954 | €68,058 | +€29,105 | +74.7% |
| Amounts payable | 17/49 | €55,385 | €60,030 | +€4,645 | +8.4% |
| Amounts payable after more than one year | 17 | €28,014 | €22,453 | -€5,561 | -19.9% |
| Financial debts | 170/4 | €28,014 | €22,453 | -€5,561 | -19.9% |
| Amounts payable within one year | 42/48 | €27,371 | €37,577 | +€10,206 | +37.3% |
| Trade debts | 44 | €7,010 | €9,608 | +€2,599 | +37.1% |
| Suppliers | 440/4 | €7,010 | €9,608 | +€2,599 | +37.1% |
| Taxes, remuneration and social security | 45 | €19,257 | €27,969 | +€8,711 | +45.2% |
| Taxes | 450/3 | €13,493 | €22,804 | +€9,311 | +69.0% |
| Remuneration and social security | 454/9 | €5,765 | €5,165 | -€600 | -10.4% |
| Other amounts payable | 47/48 | €1,104 | - | -€1,104 | |
| Turnover | 70 | €1,164,256 | €1,042,598 | -€121,658 | -10.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,077,493 | €975,110 | -€102,383 | -9.5% |
| Remuneration, social security and pensions | 62 | €23,466 | €22,492 | -€974 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,633 | €4,012 | -€2,621 | -39.5% |
| Other operating charges | 640/8 | €2,653 | €665 | -€1,988 | -74.9% |
| Non-recurring operating charges | 66A | - | €960 | +€960 | |
| Gross operating margin | 9900 | €86,764 | €67,488 | -€19,275 | -22.2% |
| Operating profit (loss) | 9901 | €54,012 | €39,360 | -€14,653 | -27.1% |
| Financial charges | 65/66B | €1,915 | €755 | -€1,160 | -60.6% |
| Recurring financial charges | 65 | €1,915 | €755 | -€1,160 | -60.6% |
| Profit (loss) for the period before taxes | 9903 | €52,097 | €38,605 | -€13,493 | -25.9% |
| Income taxes | 67/77 | €13,144 | €9,500 | -€3,644 | -27.7% |
| Profit (loss) for the period | 9904 | €38,954 | €29,105 | -€9,849 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,954 | €29,105 | -€9,849 | -25.3% |
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 25 October 2026 via checked.be.