PAPAYA CONSTRUCT: 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.
PAPAYA CONSTRUCT
Largest movements
- Receivables within one year -€20,643
down €20,643 (-41.4%), from €49,913 to €29,269
of which Trade receivables: -€20,400
- Cash +€2,972
up €2,972 (+106.7%), from €2,785 to €5,757
mainly Receivables within one year (+€20,643) and Net result for the year (+€17,278)
- Deferred charges and accrued income -€1,399
down €1,399 (-40.6%), from €3,445 to €2,046
- Tangible fixed assets +€795
up €795 (+15.3%), from €5,183 to €5,978
of which Furniture and vehicles: +€2,322
- Trade debts -€18,709
down €18,709 (-86.4%), from €21,647 to €2,939
- Other debts -€1,442
down €1,442 (-57.7%), from €2,500 to €1,058
- Profit (loss) carried forward +€1,377
up €1,377 (+12.3%), from €11,181 to €12,558
- Depreciation -€8,990
down €8,990 (-78.0%), from €11,525 to €2,535
- Gross operating margin +€8,466
up €8,466 (+32.0%), from €26,468 to €34,934
- Taxes +€1,988
up €1,988 (+22.5%), from €8,822 to €10,810
- Other operating charges +€1,185
up €1,185 (+46.9%), from €2,527 to €3,712
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 | €62,825 | €44,550 | -€18,275 | -29.1% |
| Fixed assets | 21/28 | €6,683 | €7,478 | +€795 | +11.9% |
| Tangible fixed assets | 22/27 | €5,183 | €5,978 | +€795 | +15.3% |
| Plant, machinery and equipment | 23 | €4,173 | €2,647 | -€1,526 | -36.6% |
| Furniture and vehicles | 24 | €1,010 | €3,332 | +€2,322 | +229.8% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €56,142 | €37,072 | -€19,070 | -34.0% |
| Amounts receivable within one year | 40/41 | €49,913 | €29,269 | -€20,643 | -41.4% |
| Trade receivables | 40 | €43,833 | €23,433 | -€20,400 | -46.5% |
| Other amounts receivable | 41 | €6,079 | €5,836 | -€243 | -4.0% |
| Cash at bank and in hand | 54/58 | €2,785 | €5,757 | +€2,972 | +106.7% |
| Deferred charges and accrued income | 490/1 | €3,445 | €2,046 | -€1,399 | -40.6% |
| Total equity and liabilities | 10/49 | €62,825 | €44,550 | -€18,275 | -29.1% |
| Equity | 10/15 | €21,181 | €22,558 | +€1,377 | +6.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,181 | €12,558 | +€1,377 | +12.3% |
| Amounts payable | 17/49 | €41,644 | €21,992 | -€19,652 | -47.2% |
| Amounts payable within one year | 42/48 | €41,644 | €21,992 | -€19,652 | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €21,647 | €2,939 | -€18,709 | -86.4% |
| Suppliers | 440/4 | €21,647 | €2,939 | -€18,709 | -86.4% |
| Taxes, remuneration and social security | 45 | €17,497 | €17,996 | +€499 | +2.9% |
| Taxes | 450/3 | €16,997 | €17,996 | +€999 | +5.9% |
| Remuneration and social security | 454/9 | €500 | €0 | -€500 | -100.0% |
| Other amounts payable | 47/48 | €2,500 | €1,058 | -€1,442 | -57.7% |
| Non-recurring operating income | 76A | €7,365 | €8,264 | +€899 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,525 | €2,535 | -€8,990 | -78.0% |
| Other operating charges | 640/8 | €2,527 | €3,712 | +€1,185 | +46.9% |
| Gross operating margin | 9900 | €26,468 | €34,934 | +€8,466 | +32.0% |
| Operating profit (loss) | 9901 | €12,416 | €28,687 | +€16,271 | +131.1% |
| Financial income | 75/76B | €201 | €217 | +€16 | +8.0% |
| Recurring financial income | 75 | €201 | €217 | +€16 | +8.0% |
| Financial charges | 65/66B | €696 | €816 | +€120 | +17.3% |
| Recurring financial charges | 65 | €696 | €816 | +€120 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €11,920 | €28,088 | +€16,167 | +135.6% |
| Income taxes | 67/77 | €8,822 | €10,810 | +€1,988 | +22.5% |
| Profit (loss) for the period | 9904 | €3,099 | €17,278 | +€14,179 | +457.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,099 | €17,278 | +€14,179 | +457.6% |
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 11 October 2026 via checked.be.