Papalea: what changed
Two fiscal 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.
Papalea
Largest movements
- Stocks and contracts -€3,927
down €3,927 (-61.5%), from €6,384 to €2,456
- Cash -€3,320
down €3,320 (-60.6%), from €5,475 to €2,156
mainly Net result for the year (-€9,040) and Investment in fixed assets (net) (-€3,150)
- Financial fixed assets +€900
up €900 (+90.0%), from €1,000 to €1,900
- Receivables within one year +€750
up €750 (+219.2%), from €342 to €1,091
of which Trade receivables: +€568
- Tangible fixed assets +€713
up €713 (+19.1%), from €3,725 to €4,438
of which Plant, machinery and equipment: +€3,642
- Profit (loss) carried forward -€9,040
down €9,040, from €2,669 to -€6,371
- Other debts +€6,872
up €6,872 (+285.6%), from €2,406 to €9,279
- Tax, wage and social debts -€2,930
down €2,930 (-100.0%), from €2,930 to €0
- Trade debts +€1,638
up €1,638 (+34.8%), from €4,709 to €6,348
- Current portion of long-term debt -€897
down €897 (-100.0%), from €897 to €0
- Turnover -€50,563
down €50,563 (-39.5%), from €128,122 to €77,559
- Purchases and services -€48,258
down €48,258 (-36.9%), from €130,934 to €82,676
- Gross operating margin -€2,305
down €2,305 (-82.0%), from -€2,812 to -€5,118
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,400 | €12,255 | -€5,144 | -29.6% |
| Formation expenses | 20 | €474 | €214 | -€260 | -54.8% |
| Fixed assets | 21/28 | €4,725 | €6,338 | +€1,613 | +34.1% |
| Tangible fixed assets | 22/27 | €3,725 | €4,438 | +€713 | +19.1% |
| Land and buildings | 22 | €2,725 | - | -€2,725 | |
| Plant, machinery and equipment | 23 | - | €3,642 | +€3,642 | |
| Furniture and vehicles | 24 | €1,000 | €796 | -€203 | -20.3% |
| Financial fixed assets | 28 | €1,000 | €1,900 | +€900 | +90.0% |
| Current assets | 29/58 | €12,201 | €5,703 | -€6,498 | -53.3% |
| Stocks and contracts in progress | 3 | €6,384 | €2,456 | -€3,927 | -61.5% |
| Stocks | 30/36 | €6,384 | €2,456 | -€3,927 | -61.5% |
| Amounts receivable within one year | 40/41 | €342 | €1,091 | +€750 | +219.2% |
| Trade receivables | 40 | €318 | €886 | +€568 | +178.8% |
| Other amounts receivable | 41 | €24 | €205 | +€181 | +754.4% |
| Cash at bank and in hand | 54/58 | €5,475 | €2,156 | -€3,320 | -60.6% |
| Total equity and liabilities | 10/49 | €17,400 | €12,255 | -€5,144 | -29.6% |
| Equity | 10/15 | €5,669 | -€3,371 | -€9,040 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,669 | -€6,371 | -€9,040 | |
| Amounts payable | 17/49 | €11,730 | €15,626 | +€3,896 | +33.2% |
| Amounts payable within one year | 42/48 | €11,730 | €15,626 | +€3,896 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €897 | €0 | -€897 | -100.0% |
| Financial debts | 43 | €788 | €0 | -€788 | -100.0% |
| Credit institutions | 430/8 | €788 | €0 | -€788 | -100.0% |
| Trade debts | 44 | €4,709 | €6,348 | +€1,638 | +34.8% |
| Suppliers | 440/4 | €4,709 | €6,348 | +€1,638 | +34.8% |
| Taxes, remuneration and social security | 45 | €2,930 | €0 | -€2,930 | -100.0% |
| Taxes | 450/3 | €2,930 | €0 | -€2,930 | -100.0% |
| Other amounts payable | 47/48 | €2,406 | €9,279 | +€6,872 | +285.6% |
| Turnover | 70 | €128,122 | €77,559 | -€50,563 | -39.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €130,934 | €82,676 | -€48,258 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,610 | €1,797 | +€186 | +11.6% |
| Other operating charges | 640/8 | €703 | €789 | +€86 | +12.2% |
| Gross operating margin | 9900 | -€2,812 | -€5,118 | -€2,305 | -82.0% |
| Operating profit (loss) | 9901 | -€5,126 | -€7,703 | -€2,577 | -50.3% |
| Financial income | 75/76B | €341 | €19 | -€322 | -94.4% |
| Recurring financial income | 75 | €341 | €19 | -€322 | -94.4% |
| Financial charges | 65/66B | €811 | €1,356 | +€545 | +67.1% |
| Recurring financial charges | 65 | €811 | €1,356 | +€545 | +67.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,596 | -€9,040 | -€3,444 | -61.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€5,596 | -€9,040 | -€3,444 | -61.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,596 | -€9,040 | -€3,444 | -61.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.