New-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.
New-Papyrus
Largest movements
- Receivables within one year +€11,292
up €11,292 (+56.7%), from €19,924 to €31,216
of which Trade receivables: +€9,080
- Cash -€5,876
down €5,876 (-27.5%), from €21,349 to €15,472
mainly Receivables within one year (-€11,292) and Trade debts (-€5,781)
- Tangible fixed assets -€684
down €684 (-39.7%), from €1,724 to €1,041
- Profit (loss) carried forward +€6,378
up €6,378 (+26.2%), from €24,367 to €30,745
- Trade debts -€5,781
down €5,781 (-47.0%), from €12,289 to €6,508
- Tax, wage and social debts +€4,135
up €4,135 (+67.9%), from €6,092 to €10,227
of which Remuneration and social security: +€2,147
- Gross operating margin -€22,856
down €22,856 (-65.7%), from €34,813 to €11,956
- Taxes -€4,104
down €4,104 (-67.4%), from €6,092 to €1,988
- Other operating charges -€1,728
down €1,728 (-87.8%), from €1,968 to €240
- Staff costs +€916
up €916 (+76.9%), from €1,190 to €2,105
- Depreciation +€357
up €357 (+109%), from €327 to €684
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 | €42,997 | €47,729 | +€4,732 | +11.0% |
| Fixed assets | 21/28 | €1,724 | €1,041 | -€684 | -39.7% |
| Tangible fixed assets | 22/27 | €1,724 | €1,041 | -€684 | -39.7% |
| Furniture and vehicles | 24 | €1,724 | €1,041 | -€684 | -39.7% |
| Current assets | 29/58 | €41,273 | €46,689 | +€5,416 | +13.1% |
| Amounts receivable within one year | 40/41 | €19,924 | €31,216 | +€11,292 | +56.7% |
| Trade receivables | 40 | €1,850 | €10,930 | +€9,080 | +491% |
| Other amounts receivable | 41 | €18,075 | €20,287 | +€2,212 | +12.2% |
| Cash at bank and in hand | 54/58 | €21,349 | €15,472 | -€5,876 | -27.5% |
| Total equity and liabilities | 10/49 | €42,997 | €47,729 | +€4,732 | +11.0% |
| Equity | 10/15 | €24,617 | €30,995 | +€6,378 | +25.9% |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,367 | €30,745 | +€6,378 | +26.2% |
| Amounts payable | 17/49 | €18,381 | €16,735 | -€1,646 | -9.0% |
| Amounts payable within one year | 42/48 | €18,381 | €16,735 | -€1,646 | -9.0% |
| Trade debts | 44 | €12,289 | €6,508 | -€5,781 | -47.0% |
| Suppliers | 440/4 | €12,289 | €6,508 | -€5,781 | -47.0% |
| Taxes, remuneration and social security | 45 | €6,092 | €10,227 | +€4,135 | +67.9% |
| Taxes | 450/3 | €6,092 | €8,079 | +€1,988 | +32.6% |
| Remuneration and social security | 454/9 | - | €2,147 | +€2,147 | |
| Remuneration, social security and pensions | 62 | €1,190 | €2,105 | +€916 | +76.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €327 | €684 | +€357 | +109% |
| Other operating charges | 640/8 | €1,968 | €240 | -€1,728 | -87.8% |
| Gross operating margin | 9900 | €34,813 | €11,956 | -€22,856 | -65.7% |
| Operating profit (loss) | 9901 | €31,328 | €8,927 | -€22,401 | -71.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €870 | €561 | -€308 | -35.5% |
| Recurring financial charges | 65 | €870 | €561 | -€308 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €30,458 | €8,366 | -€22,093 | -72.5% |
| Income taxes | 67/77 | €6,092 | €1,988 | -€4,104 | -67.4% |
| Profit (loss) for the period | 9904 | €24,367 | €6,378 | -€17,989 | -73.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,367 | €6,378 | -€17,989 | -73.8% |
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 13 October 2026 via checked.be.