Librairie PAPYRUS: 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.
Librairie PAPYRUS
Largest movements
- Cash +€87,788
up €87,788 (+28.0%), from €313,038 to €400,825
mainly Net result for the year (+€114,519) and Receivables within one year (+€31,247)
- Receivables within one year -€31,247
down €31,247 (-34.0%), from €91,771 to €60,524
- Tangible fixed assets -€12,863
down €12,863 (-14.9%), from €86,397 to €73,535
of which Plant, machinery and equipment: -€9,652
- Reserves +€33,315
up €33,315 (+26.8%), from €124,407 to €157,722
of which Distributable reserves: +€33,315
- Trade debts -€32,786
down €32,786 (-8.9%), from €369,052 to €336,267
- Tax, wage and social debts +€24,505
up €24,505 (+43.3%), from €56,615 to €81,119
of which Taxes: +€16,479
- Other debts +€22,019
up €22,019 (+37.2%), from €59,186 to €81,204
- Debts after one year -€9,256
down €9,256 (-17.7%), from €52,418 to €43,161
- Gross operating margin +€23,762
up €23,762 (+7.0%), from €341,839 to €365,601
- Staff costs -€20,872
down €20,872 (-10.2%), from €204,798 to €183,926
- Taxes +€11,831
up €11,831 (+38.8%), from €30,504 to €42,335
- Write-downs -€6,165
down €6,165 (-82.8%), from €7,442 to €1,277
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 | €740,167 | €778,615 | +€38,448 | +5.2% |
| Fixed assets | 21/28 | €96,008 | €83,146 | -€12,863 | -13.4% |
| Tangible fixed assets | 22/27 | €86,397 | €73,535 | -€12,863 | -14.9% |
| Land and buildings | 22 | €1,272 | €1,018 | -€254 | -20.0% |
| Plant, machinery and equipment | 23 | €75,437 | €65,785 | -€9,652 | -12.8% |
| Furniture and vehicles | 24 | €9,689 | €6,733 | -€2,956 | -30.5% |
| Financial fixed assets | 28 | €9,611 | €9,611 | = | 0.0% |
| Current assets | 29/58 | €644,158 | €695,469 | +€51,310 | +8.0% |
| Stocks and contracts in progress | 3 | €232,648 | €228,001 | -€4,647 | -2.0% |
| Stocks | 30/36 | €232,648 | €228,001 | -€4,647 | -2.0% |
| Amounts receivable within one year | 40/41 | €91,771 | €60,524 | -€31,247 | -34.0% |
| Trade receivables | 40 | €91,771 | €60,524 | -€31,247 | -34.0% |
| Cash at bank and in hand | 54/58 | €313,038 | €400,825 | +€87,788 | +28.0% |
| Deferred charges and accrued income | 490/1 | €6,702 | €6,118 | -€583 | -8.7% |
| Total equity and liabilities | 10/49 | €740,167 | €778,615 | +€38,448 | +5.2% |
| Equity | 10/15 | €186,380 | €219,695 | +€33,315 | +17.9% |
| 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 | €124,407 | €157,722 | +€33,315 | +26.8% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €648 | €648 | = | 0.0% |
| Distributable reserves | 133 | €117,562 | €150,877 | +€33,315 | +28.3% |
| Amounts payable | 17/49 | €553,786 | €558,919 | +€5,133 | +0.9% |
| Amounts payable after more than one year | 17 | €52,418 | €43,161 | -€9,256 | -17.7% |
| Financial debts | 170/4 | €52,418 | €43,161 | -€9,256 | -17.7% |
| Amounts payable within one year | 42/48 | €501,369 | €515,758 | +€14,389 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €9,124 | €9,256 | +€132 | +1.4% |
| Financial debts | 43 | €500 | €500 | = | 0.0% |
| Credit institutions | 430/8 | €500 | €500 | = | 0.0% |
| Trade debts | 44 | €369,052 | €336,267 | -€32,786 | -8.9% |
| Suppliers | 440/4 | €369,052 | €336,267 | -€32,786 | -8.9% |
| Advances received on contracts in progress | 46 | €6,892 | €7,411 | +€519 | +7.5% |
| Taxes, remuneration and social security | 45 | €56,615 | €81,119 | +€24,505 | +43.3% |
| Taxes | 450/3 | €18,681 | €35,160 | +€16,479 | +88.2% |
| Remuneration and social security | 454/9 | €37,934 | €45,960 | +€8,026 | +21.2% |
| Other amounts payable | 47/48 | €59,186 | €81,204 | +€22,019 | +37.2% |
| Remuneration, social security and pensions | 62 | €204,798 | €183,926 | -€20,872 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,212 | €17,986 | -€227 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,442 | €1,277 | -€6,165 | -82.8% |
| Other operating charges | 640/8 | €7,932 | €7,954 | +€22 | +0.3% |
| Gross operating margin | 9900 | €341,839 | €365,601 | +€23,762 | +7.0% |
| Operating profit (loss) | 9901 | €103,455 | €154,458 | +€51,004 | +49.3% |
| Financial income | 75/76B | €3,057 | €4,382 | +€1,325 | +43.3% |
| Recurring financial income | 75 | €3,057 | €4,382 | +€1,325 | +43.3% |
| Financial charges | 65/66B | €4,096 | €1,986 | -€2,110 | -51.5% |
| Recurring financial charges | 65 | €4,096 | €1,986 | -€2,110 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | €102,416 | €156,854 | +€54,438 | +53.2% |
| Income taxes | 67/77 | €30,504 | €42,335 | +€11,831 | +38.8% |
| Profit (loss) for the period | 9904 | €71,911 | €114,519 | +€42,608 | +59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,911 | €114,519 | +€42,608 | +59.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.