Paper Cloud: 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.
Paper Cloud
Largest movements
- Receivables after one year +€88,000
up €88,000 (+28.7%), from €307,000 to €395,000
- Tangible fixed assets -€12,958
down €12,958 (-61.3%), from €21,124 to €8,167
of which Furniture and vehicles: -€7,277
- Profit (loss) carried forward +€74,107
up €74,107 (+38.7%), from €191,639 to €265,747
- Debts after one year -€18,671
down €18,671 (-38.2%), from €48,883 to €30,213
- Trade debts +€17,318
up €17,318 (+107.8%), from €16,063 to €33,381
- Tax, wage and social debts +€7,006
up €7,006 (+25.5%), from €27,496 to €34,502
- Gross operating margin +€31,497
up €31,497 (+30.3%), from €104,025 to €135,522
- Taxes +€7,198
up €7,198 (+41.5%), from €17,348 to €24,547
- Financial charges -€2,092
down €2,092 (-29.8%), from €7,020 to €4,927
- Financial income +€1,510
up €1,510 (+27.9%), from €5,410 to €6,920
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €334,490 | €411,876 | +€77,386 | +23.1% |
| Fixed assets | 21/28 | €21,124 | €8,167 | -€12,958 | -61.3% |
| Tangible fixed assets | 22/27 | €21,124 | €8,167 | -€12,958 | -61.3% |
| Furniture and vehicles | 24 | €8,234 | €957 | -€7,277 | -88.4% |
| Other tangible fixed assets | 26 | €12,890 | €7,210 | -€5,681 | -44.1% |
| Current assets | 29/58 | €313,366 | €403,709 | +€90,343 | +28.8% |
| Amounts receivable after more than one year | 29 | €307,000 | €395,000 | +€88,000 | +28.7% |
| Other amounts receivable | 291 | €307,000 | €395,000 | +€88,000 | +28.7% |
| Amounts receivable within one year | 40/41 | €1,390 | €1,390 | = | 0.0% |
| Trade receivables | 40 | €1,390 | €1,390 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,975 | €5,068 | +€93 | +1.9% |
| Deferred charges and accrued income | 490/1 | - | €2,250 | +€2,250 | |
| Total equity and liabilities | 10/49 | €334,490 | €411,876 | +€77,386 | +23.1% |
| Equity | 10/15 | €194,139 | €268,247 | +€74,107 | +38.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,639 | €265,747 | +€74,107 | +38.7% |
| Amounts payable | 17/49 | €140,351 | €143,629 | +€3,278 | +2.3% |
| Amounts payable after more than one year | 17 | €48,883 | €30,213 | -€18,671 | -38.2% |
| Financial debts | 170/4 | €48,883 | €30,213 | -€18,671 | -38.2% |
| Amounts payable within one year | 42/48 | €91,467 | €113,261 | +€21,793 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €22,227 | €18,123 | -€4,104 | -18.5% |
| Trade debts | 44 | €16,063 | €33,381 | +€17,318 | +107.8% |
| Suppliers | 440/4 | €16,063 | €33,381 | +€17,318 | +107.8% |
| Taxes, remuneration and social security | 45 | €27,496 | €34,502 | +€7,006 | +25.5% |
| Taxes | 450/3 | €27,496 | €34,502 | +€7,006 | +25.5% |
| Other amounts payable | 47/48 | €25,681 | €27,254 | +€1,573 | +6.1% |
| Accrued charges and deferred income | 492/3 | - | €156 | +€156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,958 | €12,958 | = | 0.0% |
| Other operating charges | 640/8 | €708 | €903 | +€195 | +27.6% |
| Gross operating margin | 9900 | €104,025 | €135,522 | +€31,497 | +30.3% |
| Operating profit (loss) | 9901 | €90,360 | €121,661 | +€31,302 | +34.6% |
| Financial income | 75/76B | €5,410 | €6,920 | +€1,510 | +27.9% |
| Recurring financial income | 75 | €5,410 | €6,920 | +€1,510 | +27.9% |
| Financial charges | 65/66B | €7,020 | €4,927 | -€2,092 | -29.8% |
| Recurring financial charges | 65 | €7,020 | €4,927 | -€2,092 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €88,750 | €123,654 | +€34,904 | +39.3% |
| Income taxes | 67/77 | €17,348 | €24,547 | +€7,198 | +41.5% |
| Profit (loss) for the period | 9904 | €71,402 | €99,107 | +€27,706 | +38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,402 | €99,107 | +€27,706 | +38.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.