PAPAY FOOD: 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.
PAPAY FOOD
Largest movements
- Intangible fixed assets -€2,200
down €2,200 (-27.9%), from €7,874 to €5,674
- Cash -€1,942
down €1,942 (-23.8%), from €8,155 to €6,213
mainly Other debts (-€2,247) and Net result for the year (-€1,694)
- Tangible fixed assets -€1,111
down €1,111 (-28.7%), from €3,872 to €2,761
- Receivables within one year +€214
up €214 (+14.8%), from €1,444 to €1,658
of which Other amounts receivable: +€1,255
- Other debts -€2,247
no longer reported in 2025 (was €2,247)
- Profit (loss) carried forward -€1,694
down €1,694, from €0 to -€1,694
- Tax, wage and social debts -€1,098
no longer reported in 2025 (was €1,098)
- Turnover -€50,074
no longer reported in 2025 (was €50,074)
- Purchases and services -€42,938
no longer reported in 2025 (was €42,938)
- Gross operating margin +€16,437
up €16,437 (+230%), from €7,136 to €23,573
- Staff costs +€15,650
new in 2025: €15,650
- Other operating charges +€6,217
up €6,217 (+7,510%), from €83 to €6,300
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 | €21,345 | €16,306 | -€5,039 | -23.6% |
| Fixed assets | 21/28 | €11,746 | €8,436 | -€3,311 | -28.2% |
| Intangible fixed assets | 21 | €7,874 | €5,674 | -€2,200 | -27.9% |
| Tangible fixed assets | 22/27 | €3,872 | €2,761 | -€1,111 | -28.7% |
| Plant, machinery and equipment | 23 | €3,872 | €2,761 | -€1,111 | -28.7% |
| Current assets | 29/58 | €9,599 | €7,871 | -€1,728 | -18.0% |
| Amounts receivable within one year | 40/41 | €1,444 | €1,658 | +€214 | +14.8% |
| Trade receivables | 40 | €1,444 | €403 | -€1,042 | -72.1% |
| Other amounts receivable | 41 | - | €1,255 | +€1,255 | |
| Cash at bank and in hand | 54/58 | €8,155 | €6,213 | -€1,942 | -23.8% |
| Total equity and liabilities | 10/49 | €21,345 | €16,306 | -€5,039 | -23.6% |
| Equity | 10/15 | €18,000 | €16,306 | -€1,694 | -9.4% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€1,694 | -€1,694 | |
| Amounts payable | 17/49 | €3,345 | - | -€3,345 | |
| Amounts payable within one year | 42/48 | €3,345 | - | -€3,345 | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,098 | - | -€1,098 | |
| Taxes | 450/3 | €1,098 | - | -€1,098 | |
| Other amounts payable | 47/48 | €2,247 | - | -€2,247 | |
| Turnover | 70 | €50,074 | - | -€50,074 | |
| Goods, raw materials, services and sundry goods | 60/61 | €42,938 | - | -€42,938 | |
| Remuneration, social security and pensions | 62 | - | €15,650 | +€15,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,807 | €3,311 | -€1,496 | -31.1% |
| Other operating charges | 640/8 | €83 | €6,300 | +€6,217 | +7,510% |
| Gross operating margin | 9900 | €7,136 | €23,573 | +€16,437 | +230% |
| Operating profit (loss) | 9901 | €2,247 | -€1,688 | -€3,934 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €6 | +€6 | |
| Recurring financial charges | 65 | - | €6 | +€6 | |
| Profit (loss) for the period before taxes | 9903 | €2,247 | -€1,694 | -€3,940 | |
| Profit (loss) for the period | 9904 | €2,247 | -€1,694 | -€3,940 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,247 | -€1,694 | -€3,940 |
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 22 October 2026 via checked.be.