P & T Paper & Tea: 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.
P & T Paper & Tea
Largest movements
- Tangible fixed assets -€104,267
down €104,267 (-13.8%), from €755,698 to €651,431
of which Other tangible fixed assets: -€86,164
- Stocks and contracts -€90,077
no longer reported in 2025 (was €90,077)
- Cash -€40,898
down €40,898 (-44.5%), from €91,880 to €50,982
mainly Net result for the year (-€900,179) and Trade debts (-€86,898)
- Receivables within one year -€39,444
down €39,444 (-56.6%), from €69,696 to €30,252
of which Trade receivables: -€41,775
- Profit (loss) carried forward -€900,179
down €900,179 (-71.5%), from -€1.3m to -€2.2m
- Debts after one year +€579,636
up €579,636 (+35.2%), from €1.6m to €2.2m
- Other debts +€209,609
up €209,609 (+50.6%), from €414,251 to €623,860
- Trade debts -€86,898
down €86,898 (-69.5%), from €124,951 to €38,053
- Tax, wage and social debts -€77,208
down €77,208 (-99.4%), from €77,697 to €489
of which Remuneration and social security: -€65,756
- Staff costs -€383,913
down €383,913 (-55.1%), from €697,192 to €313,278
- Gross operating margin -€63,055
down €63,055 (-16.4%), from -€383,667 to -€446,721
- Other operating charges -€17,219
down €17,219 (-93.5%), from €18,412 to €1,193
- Depreciation -€17,106
down €17,106 (-16.6%), from €102,973 to €85,867
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 | €1,102,205 | €827,165 | -€275,040 | -25.0% |
| Fixed assets | 21/28 | €850,198 | €745,931 | -€104,267 | -12.3% |
| Tangible fixed assets | 22/27 | €755,698 | €651,431 | -€104,267 | -13.8% |
| Plant, machinery and equipment | 23 | €71,074 | €63,035 | -€8,039 | -11.3% |
| Furniture and vehicles | 24 | €40,725 | €30,661 | -€10,064 | -24.7% |
| Other tangible fixed assets | 26 | €643,899 | €557,735 | -€86,164 | -13.4% |
| Financial fixed assets | 28 | €94,500 | €94,500 | = | 0.0% |
| Current assets | 29/58 | €252,006 | €81,233 | -€170,773 | -67.8% |
| Stocks and contracts in progress | 3 | €90,077 | - | -€90,077 | |
| Stocks | 30/36 | €90,077 | - | -€90,077 | |
| Amounts receivable within one year | 40/41 | €69,696 | €30,252 | -€39,444 | -56.6% |
| Trade receivables | 40 | €69,696 | €27,921 | -€41,775 | -59.9% |
| Other amounts receivable | 41 | - | €2,330 | +€2,330 | |
| Cash at bank and in hand | 54/58 | €91,880 | €50,982 | -€40,898 | -44.5% |
| Deferred charges and accrued income | 490/1 | €353 | - | -€353 | |
| Total equity and liabilities | 10/49 | €1,102,205 | €827,165 | -€275,040 | -25.0% |
| Equity | 10/15 | -€1,159,278 | -€2,059,457 | -€900,179 | -77.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,259,278 | -€2,159,457 | -€900,179 | -71.5% |
| Amounts payable | 17/49 | €2,261,483 | €2,886,622 | +€625,139 | +27.6% |
| Amounts payable after more than one year | 17 | €1,644,584 | €2,224,221 | +€579,636 | +35.2% |
| Financial debts | 170/4 | €1,644,584 | €2,224,221 | +€579,636 | +35.2% |
| Amounts payable within one year | 42/48 | €616,899 | €662,401 | +€45,503 | +7.4% |
| Trade debts | 44 | €124,951 | €38,053 | -€86,898 | -69.5% |
| Suppliers | 440/4 | €124,951 | €38,053 | -€86,898 | -69.5% |
| Taxes, remuneration and social security | 45 | €77,697 | €489 | -€77,208 | -99.4% |
| Taxes | 450/3 | €11,941 | €489 | -€11,452 | -95.9% |
| Remuneration and social security | 454/9 | €65,756 | - | -€65,756 | |
| Other amounts payable | 47/48 | €414,251 | €623,860 | +€209,609 | +50.6% |
| Remuneration, social security and pensions | 62 | €697,192 | €313,278 | -€383,913 | -55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,973 | €85,867 | -€17,106 | -16.6% |
| Other operating charges | 640/8 | €18,412 | €1,193 | -€17,219 | -93.5% |
| Gross operating margin | 9900 | -€383,667 | -€446,721 | -€63,055 | -16.4% |
| Operating profit (loss) | 9901 | -€1,202,244 | -€847,059 | +€355,184 | +29.5% |
| Financial income | 75/76B | - | €1,043 | +€1,043 | |
| Recurring financial income | 75 | - | €1,043 | +€1,043 | |
| Financial charges | 65/66B | €57,035 | €54,163 | -€2,872 | -5.0% |
| Recurring financial charges | 65 | €57,035 | €54,163 | -€2,872 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,259,278 | -€900,179 | +€359,099 | +28.5% |
| Profit (loss) for the period | 9904 | -€1,259,278 | -€900,179 | +€359,099 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,259,278 | -€900,179 | +€359,099 | +28.5% |
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 22 October 2026 via checked.be.