PAPAROTI & Co: 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.
What changed
PAPAROTI & Co
NACE 68.310, Real estate agency activities
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€237,459
2023 · -€256,579+€19,120
Equity
€4.3m
2023 · €4.5m-€237,459
Cash
€482,261
2023 · -+€482,261
Balance sheet total
€20.9m
2023 · €21.2m-€258,925
Largest movements
Assets
- Stocks and contracts +€975,636
up €975,636 (+26.9%), from €3.6m to €4.6m
- Current investments -€750,000
down €750,000 (-40.5%), from €1.9m to €1.1m
- Tangible fixed assets -€701,031
down €701,031 (-7.2%), from €9.7m to €9.0m
of which Land and buildings: -€691,117
- Receivables after one year -€638,791
down €638,791 (-18.9%), from €3.4m to €2.7m
- Cash +€482,261
new in 2024: €482,261
mainly Current investments (+€750,000) and Depreciation (+€660,704)
Equity and liabilities
- Reserves -€329,501
down €329,501 (-7.4%), from €4.5m to €4.1m
of which Tax-exempt reserves: -€229,501
Income statement
- Write-downs -€152,429
new in 2024: -€152,429
- Other operating charges +€131,896
up €131,896 (+188.5%), from €69,975 to €201,871
- Financial income +€101,031
up €101,031 (+59.2%), from €170,704 to €271,735
- Gross operating margin -€60,012
down €60,012 (-8.1%), from €739,487 to €679,476
- Financial charges +€28,987
up €28,987 (+6.7%), from €431,578 to €460,565
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.
Result 2023
-€256,579
Gross operating margin
-€60,012
Staff costs
-€1,377
Depreciation
+€2,297
Write-downs
+€152,429
Other operating charges
-€131,896
Other operating items
+€2,400
Financial income
+€101,031
Financial charges
-€28,987
Taxes
-€16,766
Result 2024
-€237,459
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.
From operations
-€322,497
Investment
+€783,731
Financing
+€21,027
Cash 2023
€0
From operations (derived)
-€322,497
Net result for the year
-€237,459
Depreciation
+€660,704
Receivables after one year
+€638,791
Stocks and contracts
-€975,636
Receivables within one year
-€372,403
Deferred charges and accrued income
+€5,999
Provisions
-€76,500
Trade debts
+€128,901
Tax, wage and social debts
+€23,088
Other debts
+€6,077
Accrued charges and deferred income
-€124,058
Investment (derived)
+€783,731
Investment in fixed assets (net)
+€33,731
Current investments
+€750,000
Financing
+€21,027
Debts after one year
+€73,315
Current portion of long-term debt
+€6,870
Short-term financial debts
-€59,159
Cash 2024
€482,261
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,196,897 | €20,937,973 | -€258,925 | -1.2% |
| Fixed assets | 21/28 | €11,197,468 | €10,503,033 | -€694,435 | -6.2% |
| Intangible fixed assets | 21 | €190,580 | €150,334 | -€40,246 | -21.1% |
| Tangible fixed assets | 22/27 | €9,712,855 | €9,011,824 | -€701,031 | -7.2% |
| Land and buildings | 22 | €9,646,489 | €8,955,372 | -€691,117 | -7.2% |
| Plant, machinery and equipment | 23 | €1,383 | €499 | -€883 | -63.9% |
| Furniture and vehicles | 24 | €64,983 | €55,953 | -€9,030 | -13.9% |
| Financial fixed assets | 28 | €1,294,034 | €1,340,875 | +€46,841 | +3.6% |
| Current assets | 29/58 | €9,999,429 | €10,434,940 | +€435,511 | +4.4% |
| Amounts receivable after more than one year | 29 | €3,383,936 | €2,745,145 | -€638,791 | -18.9% |
| Other amounts receivable | 291 | €3,383,936 | €2,745,145 | -€638,791 | -18.9% |
| Stocks and contracts in progress | 3 | €3,622,272 | €4,597,908 | +€975,636 | +26.9% |
| Stocks | 30/36 | €3,622,272 | €4,597,908 | +€975,636 | +26.9% |
| Amounts receivable within one year | 40/41 | €1,126,146 | €1,498,549 | +€372,403 | +33.1% |
| Trade receivables | 40 | €346,357 | €320,884 | -€25,473 | -7.4% |
| Other amounts receivable | 41 | €779,789 | €1,177,665 | +€397,876 | +51.0% |
| Current investments | 50/53 | €1,850,000 | €1,100,000 | -€750,000 | -40.5% |
| Cash at bank and in hand | 54/58 | - | €482,261 | +€482,261 | |
| Deferred charges and accrued income | 490/1 | €17,075 | €11,077 | -€5,999 | -35.1% |
| Total equity and liabilities | 10/49 | €21,196,897 | €20,937,973 | -€258,925 | -1.2% |
| Equity | 10/15 | €4,525,327 | €4,287,868 | -€237,459 | -5.2% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €4,465,642 | €4,136,141 | -€329,501 | -7.4% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Legal reserve | 130 | €8,676 | €8,676 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,738,221 | €2,508,720 | -€229,501 | -8.4% |
| Distributable reserves | 133 | €1,718,745 | €1,618,745 | -€100,000 | -5.8% |
| Profit (loss) carried forward | 14 | -€27,078 | €64,964 | +€92,042 | |
| Provisions and deferred taxes | 16 | €1,162,745 | €1,086,245 | -€76,500 | -6.6% |
| Deferred taxes | 168 | €1,162,745 | €1,086,245 | -€76,500 | -6.6% |
| Amounts payable | 17/49 | €15,508,825 | €15,563,860 | +€55,035 | +0.4% |
| Amounts payable after more than one year | 17 | €14,238,217 | €14,311,532 | +€73,315 | +0.5% |
| Financial debts | 170/4 | €13,629,166 | €13,738,362 | +€109,195 | +0.8% |
| Other amounts payable | 178/9 | €609,051 | €573,171 | -€35,880 | -5.9% |
| Amounts payable within one year | 42/48 | €1,035,612 | €1,141,390 | +€105,778 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €337,156 | €344,026 | +€6,870 | +2.0% |
| Financial debts | 43 | €77,159 | €18,000 | -€59,159 | -76.7% |
| Credit institutions | 430/8 | €2,159 | - | -€2,159 | |
| Other loans | 439 | €75,000 | €18,000 | -€57,000 | -76.0% |
| Trade debts | 44 | €598,698 | €727,599 | +€128,901 | +21.5% |
| Suppliers | 440/4 | €598,698 | €727,599 | +€128,901 | +21.5% |
| Taxes, remuneration and social security | 45 | €8,306 | €31,395 | +€23,088 | +278.0% |
| Taxes | 450/3 | €176 | €23,145 | +€22,969 | +13024.7% |
| Remuneration and social security | 454/9 | €8,130 | €8,249 | +€119 | +1.5% |
| Other amounts payable | 47/48 | €14,293 | €20,370 | +€6,077 | +42.5% |
| Accrued charges and deferred income | 492/3 | €234,996 | €110,938 | -€124,058 | -52.8% |
| Non-recurring operating income | 76A | €69,615 | €227,713 | +€158,098 | +227.1% |
| Remuneration, social security and pensions | 62 | €76,139 | €77,516 | +€1,377 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €663,001 | €660,704 | -€2,297 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€152,429 | -€152,429 | |
| Other operating charges | 640/8 | €69,975 | €201,871 | +€131,896 | +188.5% |
| Non-recurring operating charges | 66A | €2,400 | - | -€2,400 | |
| Gross operating margin | 9900 | €739,487 | €679,476 | -€60,012 | -8.1% |
| Operating profit (loss) | 9901 | -€72,028 | -€108,187 | -€36,159 | -50.2% |
| Financial income | 75/76B | €170,704 | €271,735 | +€101,031 | +59.2% |
| Recurring financial income | 75 | €170,704 | €271,735 | +€101,031 | +59.2% |
| Financial charges | 65/66B | €431,578 | €460,565 | +€28,987 | +6.7% |
| Recurring financial charges | 65 | €431,578 | €460,565 | +€28,987 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | -€332,903 | -€297,017 | +€35,886 | +10.8% |
| Transfer from deferred taxes | 780 | €76,500 | €76,500 | -€0 | 0.0% |
| Income taxes | 67/77 | €176 | €16,942 | +€16,766 | +9507.2% |
| Profit (loss) for the period | 9904 | -€256,579 | -€237,459 | +€19,120 | +7.5% |
| Transfer from tax-exempt reserves | 789 | €229,501 | €229,501 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,078 | -€7,958 | +€19,120 | +70.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.