Paperas: 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.
Paperas
Largest movements
- Cash +€15,317
up €15,317 (+52.3%), from €29,282 to €44,599
mainly Tax, wage and social debts (+€15,567) and Net result for the year (+€10,054)
- Receivables within one year +€7,997
up €7,997 (+149.0%), from €5,365 to €13,362
of which Trade receivables: +€8,486
- Tangible fixed assets -€1,074
down €1,074 (-74.6%), from €1,439 to €365
- Reserves +€23,016
up €23,016 (+1856.1%), from €1,240 to €24,256
of which Distributable reserves: +€23,016
- Tax, wage and social debts +€15,567
up €15,567 (+241.9%), from €6,436 to €22,003
of which Remuneration and social security: +€12,128
- Profit (loss) carried forward -€12,962
no longer reported in 2025 (was €12,962)
- Trade debts -€3,363
down €3,363 (-94.9%), from €3,543 to €181
- Gross operating margin +€39,205
up €39,205 (+93.9%), from €41,736 to €80,941
- Staff costs +€36,385
up €36,385 (+127.2%), from €28,599 to €64,984
- Turnover +€34,175
up €34,175 (+69.2%), from €49,380 to €83,556
- Purchases and services -€4,332
down €4,332 (-56.6%), from €7,653 to €3,321
- Taxes +€1,546
up €1,546 (+51.4%), from €3,011 to €4,557
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 | €36,582 | €58,840 | +€22,257 | +60.8% |
| Fixed assets | 21/28 | €1,439 | €365 | -€1,074 | -74.6% |
| Tangible fixed assets | 22/27 | €1,439 | €365 | -€1,074 | -74.6% |
| Furniture and vehicles | 24 | €1,439 | €365 | -€1,074 | -74.6% |
| Current assets | 29/58 | €35,143 | €58,475 | +€23,331 | +66.4% |
| Amounts receivable within one year | 40/41 | €5,365 | €13,362 | +€7,997 | +149.0% |
| Trade receivables | 40 | €4,860 | €13,346 | +€8,486 | +174.6% |
| Other amounts receivable | 41 | €506 | €16 | -€489 | -96.8% |
| Cash at bank and in hand | 54/58 | €29,282 | €44,599 | +€15,317 | +52.3% |
| Deferred charges and accrued income | 490/1 | €496 | €514 | +€18 | +3.6% |
| Total equity and liabilities | 10/49 | €36,582 | €58,840 | +€22,257 | +60.8% |
| Equity | 10/15 | €26,602 | €36,656 | +€10,054 | +37.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | - | €12,400 | +€12,400 | |
| Other | 1109/19 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €1,240 | €24,256 | +€23,016 | +1856.1% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | - | €23,016 | +€23,016 | |
| Profit (loss) carried forward | 14 | €12,962 | - | -€12,962 | |
| Amounts payable | 17/49 | €9,980 | €22,184 | +€12,204 | +122.3% |
| Amounts payable within one year | 42/48 | €9,980 | €22,184 | +€12,204 | +122.3% |
| Trade debts | 44 | €3,543 | €181 | -€3,363 | -94.9% |
| Suppliers | 440/4 | €3,543 | €181 | -€3,363 | -94.9% |
| Taxes, remuneration and social security | 45 | €6,436 | €22,003 | +€15,567 | +241.9% |
| Taxes | 450/3 | €1,584 | €5,023 | +€3,439 | +217.1% |
| Remuneration and social security | 454/9 | €4,852 | €16,980 | +€12,128 | +249.9% |
| Turnover | 70 | €49,380 | €83,556 | +€34,175 | +69.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,653 | €3,321 | -€4,332 | -56.6% |
| Remuneration, social security and pensions | 62 | €28,599 | €64,984 | +€36,385 | +127.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,074 | €1,074 | = | 0.0% |
| Other operating charges | 640/8 | €217 | €219 | +€2 | +0.9% |
| Gross operating margin | 9900 | €41,736 | €80,941 | +€39,205 | +93.9% |
| Operating profit (loss) | 9901 | €11,846 | €14,664 | +€2,819 | +23.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €52 | €54 | +€2 | +3.3% |
| Recurring financial charges | 65 | €52 | €54 | +€2 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €11,794 | €14,610 | +€2,817 | +23.9% |
| Income taxes | 67/77 | €3,011 | €4,557 | +€1,546 | +51.4% |
| Profit (loss) for the period | 9904 | €8,783 | €10,054 | +€1,271 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,783 | €10,054 | +€1,271 | +14.5% |
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 12 October 2026 via checked.be.