PAPAYA: 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.
What changed
PAPAYA
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€39,194
2024 · €20,630+€18,564
Equity
€1.1m
2024 · €1.1m+€39,193
Cash
€2,646
2024 · €109+€2,537
Balance sheet total
€1.5m
2024 · €1.5m-€14,984
Largest movements
Assets
- Tangible fixed assets -€24,161
down €24,161 (-1.6%), from €1.5m to €1.5m
Equity and liabilities
- Debts after one year -€57,017
down €57,017 (-19.9%), from €286,295 to €229,279
- Profit (loss) carried forward +€39,193
up €39,193 (+66.2%), from -€59,226 to -€20,033
Income statement
- Gross operating margin +€19,134
up €19,134 (+29.7%), from €64,490 to €83,624
- Taxes +€4,354
new in 2025: €4,354
- Financial charges -€881
down €881 (-13.6%), from €6,480 to €5,599
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.
Result 2024
€20,630
Gross operating margin
+€19,134
Depreciation
+€0
Other operating charges
-€283
Other operating items
+€3,186
Financial charges
+€881
Taxes
-€4,354
Result 2025
€39,194
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.
From operations
+€56,462
Investment
-€0
Financing
-€53,925
Cash 2024
€109
From operations (derived)
+€56,462
Net result for the year
+€39,194
Depreciation
+€24,161
Receivables within one year
-€6,640
Trade debts
+€44
Tax, wage and social debts
+€4,354
Other debts
-€5,850
Accrued charges and deferred income
+€1,200
Investment (derived)
-€0
Investment in fixed assets (net)
-€0
Financing
-€53,925
Debts after one year
-€57,017
Current portion of long-term debt
+€3,154
Short-term financial debts
-€62
Contributions, distributions and other
-€0
Cash 2025
€2,646
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,486,708 | €1,471,724 | -€14,984 | -1.0% |
| Fixed assets | 21/28 | €1,486,599 | €1,462,438 | -€24,161 | -1.6% |
| Tangible fixed assets | 22/27 | €1,486,599 | €1,462,438 | -€24,161 | -1.6% |
| Land and buildings | 22 | €1,486,599 | €1,462,438 | -€24,161 | -1.6% |
| Current assets | 29/58 | €109 | €9,286 | +€9,177 | +8419.2% |
| Amounts receivable within one year | 40/41 | - | €6,640 | +€6,640 | |
| Trade receivables | 40 | - | €6,640 | +€6,640 | |
| Cash at bank and in hand | 54/58 | €109 | €2,646 | +€2,537 | +2327.5% |
| Total equity and liabilities | 10/49 | €1,486,708 | €1,471,724 | -€14,984 | -1.0% |
| Equity | 10/15 | €1,075,774 | €1,114,967 | +€39,193 | +3.6% |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Capital | 10 | €230,000 | €230,000 | = | 0.0% |
| Issued capital | 100 | €230,000 | €230,000 | = | 0.0% |
| Revaluation surpluses | 12 | €905,000 | €905,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,226 | -€20,033 | +€39,193 | +66.2% |
| Amounts payable | 17/49 | €410,934 | €356,757 | -€54,177 | -13.2% |
| Amounts payable after more than one year | 17 | €286,295 | €229,279 | -€57,017 | -19.9% |
| Financial debts | 170/4 | €286,295 | €229,279 | -€57,017 | -19.9% |
| Amounts payable within one year | 42/48 | €124,639 | €126,279 | +€1,640 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €52,187 | €55,341 | +€3,154 | +6.0% |
| Financial debts | 43 | €62 | - | -€62 | |
| Credit institutions | 430/8 | €62 | - | -€62 | |
| Trade debts | 44 | €10,721 | €10,765 | +€44 | +0.4% |
| Suppliers | 440/4 | €10,721 | €10,765 | +€44 | +0.4% |
| Taxes, remuneration and social security | 45 | - | €4,354 | +€4,354 | |
| Taxes | 450/3 | - | €4,354 | +€4,354 | |
| Other amounts payable | 47/48 | €61,669 | €55,819 | -€5,850 | -9.5% |
| Accrued charges and deferred income | 492/3 | - | €1,200 | +€1,200 | |
| Non-recurring operating income | 76A | €2,312 | - | -€2,312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,161 | €24,161 | -€0 | 0.0% |
| Other operating charges | 640/8 | €9,044 | €9,327 | +€283 | +3.1% |
| Non-recurring operating charges | 66A | €4,175 | €989 | -€3,186 | -76.3% |
| Gross operating margin | 9900 | €64,490 | €83,624 | +€19,134 | +29.7% |
| Operating profit (loss) | 9901 | €27,110 | €49,147 | +€22,037 | +81.3% |
| Financial charges | 65/66B | €6,480 | €5,599 | -€881 | -13.6% |
| Recurring financial charges | 65 | €6,480 | €5,599 | -€881 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €20,630 | €43,547 | +€22,917 | +111.1% |
| Income taxes | 67/77 | - | €4,354 | +€4,354 | |
| Profit (loss) for the period | 9904 | €20,630 | €39,194 | +€18,564 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,630 | €39,194 | +€18,564 | +90.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.