PAPADI: 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.
PAPADI
Largest movements
- Cash +€104,130
up €104,130 (+66.5%), from €156,681 to €260,812
mainly Net result for the year (+€82,186) and Receivables within one year (+€24,650)
- Receivables within one year -€24,650
down €24,650 (-97.0%), from €25,400 to €750
of which Trade receivables: -€19,663
- Tangible fixed assets -€17,143
down €17,143 (-25.5%), from €67,178 to €50,036
of which Furniture and vehicles: -€19,033
- Reserves +€82,186
up €82,186 (+42.4%), from €193,896 to €276,083
- Other debts -€21,731
down €21,731 (-69.9%), from €31,098 to €9,367
- Tax, wage and social debts +€3,915
up €3,915 (+121%), from €3,248 to €7,163
- Gross operating margin +€17,128
up €17,128 (+13.6%), from €125,984 to €143,112
- Taxes +€5,645
up €5,645 (+16.4%), from €34,417 to €40,062
- Financial charges -€2,268
down €2,268 (-98.2%), from €2,310 to €42
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 | €252,035 | €314,997 | +€62,962 | +25.0% |
| Fixed assets | 21/28 | €67,178 | €50,036 | -€17,143 | -25.5% |
| Tangible fixed assets | 22/27 | €67,178 | €50,036 | -€17,143 | -25.5% |
| Plant, machinery and equipment | 23 | - | €1,891 | +€1,891 | |
| Furniture and vehicles | 24 | €67,178 | €48,145 | -€19,033 | -28.3% |
| Current assets | 29/58 | €184,857 | €264,962 | +€80,105 | +43.3% |
| Amounts receivable within one year | 40/41 | €25,400 | €750 | -€24,650 | -97.0% |
| Trade receivables | 40 | €19,663 | - | -€19,663 | |
| Other amounts receivable | 41 | €5,738 | €750 | -€4,987 | -86.9% |
| Cash at bank and in hand | 54/58 | €156,681 | €260,812 | +€104,130 | +66.5% |
| Deferred charges and accrued income | 490/1 | €2,775 | €3,400 | +€624 | +22.5% |
| Total equity and liabilities | 10/49 | €252,035 | €314,997 | +€62,962 | +25.0% |
| Equity | 10/15 | €212,496 | €294,683 | +€82,186 | +38.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €193,896 | €276,083 | +€82,186 | +42.4% |
| Distributable reserves | 133 | €193,896 | €276,083 | +€82,186 | +42.4% |
| Amounts payable | 17/49 | €39,538 | €20,315 | -€19,224 | -48.6% |
| Amounts payable within one year | 42/48 | €37,272 | €20,315 | -€16,957 | -45.5% |
| Trade debts | 44 | €2,926 | €3,784 | +€859 | +29.3% |
| Suppliers | 440/4 | €2,926 | €3,784 | +€859 | +29.3% |
| Taxes, remuneration and social security | 45 | €3,248 | €7,163 | +€3,915 | +121% |
| Taxes | 450/3 | €3,248 | €7,163 | +€3,915 | +121% |
| Other amounts payable | 47/48 | €31,098 | €9,367 | -€21,731 | -69.9% |
| Accrued charges and deferred income | 492/3 | €2,266 | - | -€2,266 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,033 | €19,373 | +€340 | +1.8% |
| Other operating charges | 640/8 | €1,083 | €1,449 | +€366 | +33.8% |
| Gross operating margin | 9900 | €125,984 | €143,112 | +€17,128 | +13.6% |
| Operating profit (loss) | 9901 | €105,868 | €122,290 | +€16,422 | +15.5% |
| Financial charges | 65/66B | €2,310 | €42 | -€2,268 | -98.2% |
| Recurring financial charges | 65 | €2,310 | €42 | -€2,268 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | €103,558 | €122,249 | +€18,690 | +18.0% |
| Income taxes | 67/77 | €34,417 | €40,062 | +€5,645 | +16.4% |
| Profit (loss) for the period | 9904 | €69,141 | €82,186 | +€13,045 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,141 | €82,186 | +€13,045 | +18.9% |
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 14 October 2026 via checked.be.