PAPARINO: 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.
PAPARINO
Largest movements
- Receivables within one year -€4,154
down €4,154 (-28.2%), from €14,726 to €10,571
of which Trade receivables: -€4,831
- Tangible fixed assets -€1,858
down €1,858 (-25.9%), from €7,162 to €5,304
of which Furniture and vehicles: -€1,300
- Cash +€768
up €768 (+113%), from €681 to €1,449
mainly Receivables within one year (+€4,154) and Net result for the year (+€2,697)
- Other debts -€7,009
down €7,009 (-40.4%), from €17,362 to €10,353
- Profit (loss) carried forward +€2,697
up €2,697, from -€1,746 to €952
- Accrued charges and deferred income -€2,331
down €2,331 (-55.4%), from €4,208 to €1,877
- Tax, wage and social debts +€1,241
up €1,241 (+1,156%), from €107 to €1,349
- Gross operating margin -€7,561
down €7,561 (-53.5%), from €14,122 to €6,561
- Depreciation -€1,881
down €1,881 (-50.3%), from €3,739 to €1,858
- Taxes +€1,239
up €1,239 (+1,130%), from €110 to €1,349
- Other operating charges -€319
down €319 (-38.4%), from €833 to €513
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 | €22,569 | €17,325 | -€5,244 | -23.2% |
| Fixed assets | 21/28 | €7,162 | €5,304 | -€1,858 | -25.9% |
| Tangible fixed assets | 22/27 | €7,162 | €5,304 | -€1,858 | -25.9% |
| Land and buildings | 22 | €4,414 | €4,004 | -€410 | -9.3% |
| Plant, machinery and equipment | 23 | €148 | - | -€148 | |
| Furniture and vehicles | 24 | €2,600 | €1,300 | -€1,300 | -50.0% |
| Current assets | 29/58 | €15,407 | €12,021 | -€3,386 | -22.0% |
| Amounts receivable within one year | 40/41 | €14,726 | €10,571 | -€4,154 | -28.2% |
| Trade receivables | 40 | €5,390 | €559 | -€4,831 | -89.6% |
| Other amounts receivable | 41 | €9,336 | €10,012 | +€677 | +7.2% |
| Cash at bank and in hand | 54/58 | €681 | €1,449 | +€768 | +113% |
| Total equity and liabilities | 10/49 | €22,569 | €17,325 | -€5,244 | -23.2% |
| Equity | 10/15 | €733 | €3,431 | +€2,697 | +368% |
| Contributions | 10/11 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,746 | €952 | +€2,697 | |
| Amounts payable | 17/49 | €21,836 | €13,894 | -€7,941 | -36.4% |
| Amounts payable within one year | 42/48 | €17,628 | €12,017 | -€5,610 | -31.8% |
| Trade debts | 44 | €158 | €315 | +€157 | +99.2% |
| Suppliers | 440/4 | €158 | €315 | +€157 | +99.2% |
| Taxes, remuneration and social security | 45 | €107 | €1,349 | +€1,241 | +1,156% |
| Taxes | 450/3 | €107 | €1,349 | +€1,241 | +1,156% |
| Other amounts payable | 47/48 | €17,362 | €10,353 | -€7,009 | -40.4% |
| Accrued charges and deferred income | 492/3 | €4,208 | €1,877 | -€2,331 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,739 | €1,858 | -€1,881 | -50.3% |
| Other operating charges | 640/8 | €833 | €513 | -€319 | -38.4% |
| Gross operating margin | 9900 | €14,122 | €6,561 | -€7,561 | -53.5% |
| Operating profit (loss) | 9901 | €9,550 | €4,190 | -€5,361 | -56.1% |
| Financial charges | 65/66B | €68 | €144 | +€76 | +111% |
| Recurring financial charges | 65 | €68 | €144 | +€76 | +111% |
| Profit (loss) for the period before taxes | 9903 | €9,482 | €4,046 | -€5,436 | -57.3% |
| Income taxes | 67/77 | €110 | €1,349 | +€1,239 | +1,130% |
| Profit (loss) for the period | 9904 | €9,373 | €2,697 | -€6,675 | -71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,373 | €2,697 | -€6,675 | -71.2% |
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 21 October 2026 via checked.be.