PAPATYA: 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.
PAPATYA
Largest movements
- Tangible fixed assets -€6,203
down €6,203 (-90.0%), from €6,895 to €692
of which Other tangible fixed assets: -€5,918
- Receivables within one year +€3,675
up €3,675 (+6.5%), from €56,376 to €60,051
of which Other amounts receivable: +€2,064
- Cash -€2,487
down €2,487 (-29.7%), from €8,366 to €5,880
mainly Net result for the year (-€3,816) and Receivables within one year (-€3,675)
- Profit (loss) carried forward -€3,816
down €3,816 (-8.3%), from €45,756 to €41,940
- Tax, wage and social debts -€883
down €883 (-88.3%), from €999 to €116
- Other operating charges +€11,371
up €11,371 (+1144.2%), from €994 to €12,365
- Staff costs -€10,455
down €10,455 (-40.5%), from €25,797 to €15,342
- Gross operating margin -€4,268
down €4,268 (-16.3%), from €26,206 to €21,938
- Depreciation -€1,737
down €1,737 (-76.2%), from €2,280 to €543
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.
Cash bridge derived
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 | €78,280 | €73,266 | -€5,014 | -6.4% |
| Fixed assets | 21/28 | €6,895 | €692 | -€6,203 | -90.0% |
| Tangible fixed assets | 22/27 | €6,895 | €692 | -€6,203 | -90.0% |
| Furniture and vehicles | 24 | €399 | €114 | -€285 | -71.4% |
| Other tangible fixed assets | 26 | €6,496 | €578 | -€5,918 | -91.1% |
| Current assets | 29/58 | €71,385 | €72,574 | +€1,189 | +1.7% |
| Stocks and contracts in progress | 3 | €6,643 | €6,643 | = | 0.0% |
| Stocks | 30/36 | €6,643 | €6,643 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €56,376 | €60,051 | +€3,675 | +6.5% |
| Trade receivables | 40 | - | €1,612 | +€1,612 | |
| Other amounts receivable | 41 | €56,376 | €58,440 | +€2,064 | +3.7% |
| Cash at bank and in hand | 54/58 | €8,366 | €5,880 | -€2,487 | -29.7% |
| Total equity and liabilities | 10/49 | €78,280 | €73,266 | -€5,014 | -6.4% |
| Equity | 10/15 | €76,554 | €72,738 | -€3,816 | -5.0% |
| Contributions | 10/11 | €15,617 | €15,617 | = | 0.0% |
| Reserves | 13 | €15,181 | €15,181 | = | 0.0% |
| Distributable reserves | 133 | €15,181 | €15,181 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,756 | €41,940 | -€3,816 | -8.3% |
| Amounts payable | 17/49 | €1,726 | €528 | -€1,198 | -69.4% |
| Amounts payable within one year | 42/48 | €1,726 | €528 | -€1,198 | -69.4% |
| Trade debts | 44 | €727 | €411 | -€315 | -43.4% |
| Suppliers | 440/4 | €727 | €411 | -€315 | -43.4% |
| Taxes, remuneration and social security | 45 | €999 | €116 | -€883 | -88.3% |
| Taxes | 450/3 | €999 | €116 | -€883 | -88.3% |
| Remuneration, social security and pensions | 62 | €25,797 | €15,342 | -€10,455 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,280 | €543 | -€1,737 | -76.2% |
| Other operating charges | 640/8 | €994 | €12,365 | +€11,371 | +1144.2% |
| Gross operating margin | 9900 | €26,206 | €21,938 | -€4,268 | -16.3% |
| Operating profit (loss) | 9901 | -€2,865 | -€6,312 | -€3,447 | -120.3% |
| Financial income | 75/76B | €2,979 | €3,075 | +€96 | +3.2% |
| Recurring financial income | 75 | €2,979 | €3,075 | +€96 | +3.2% |
| Financial charges | 65/66B | €374 | €462 | +€88 | +23.5% |
| Recurring financial charges | 65 | €374 | €462 | +€88 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | -€261 | -€3,700 | -€3,439 | -1319.5% |
| Income taxes | 67/77 | €106 | €116 | +€11 | +10.1% |
| Profit (loss) for the period | 9904 | -€366 | -€3,816 | -€3,450 | -941.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€366 | -€3,816 | -€3,450 | -941.5% |
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 10 October 2026 via checked.be.