PAPERBOY: 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.
PAPERBOY
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+2581.4%), from €52,955 to €1.4m
of which Trade receivables: +€1.4m
- Cash -€431,603
down €431,603 (-96.9%), from €445,530 to €13,927
mainly Receivables within one year (-€1.4m) and Tax, wage and social debts (-€32,446)
- Tangible fixed assets -€30,578
down €30,578 (-67.5%), from €45,322 to €14,743
of which Furniture and vehicles: -€29,570
- Other debts +€812,148
up €812,148, from €0 to €812,148
- Trade debts +€103,647
up €103,647 (+147.7%), from €70,183 to €173,830
- Tax, wage and social debts -€32,446
down €32,446 (-18.3%), from €177,256 to €144,810
of which Taxes: -€71,494
- Profit (loss) carried forward +€25,557
up €25,557, from €0 to €25,557
- Gross operating margin -€302,281
down €302,281 (-29.5%), from €1.0m to €722,872
- Staff costs +€85,483
up €85,483 (+15.1%), from €564,785 to €650,268
- Taxes -€84,458
down €84,458 (-89.7%), from €94,111 to €9,654
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 | €548,524 | €1,450,081 | +€901,557 | +164.4% |
| Fixed assets | 21/28 | €46,802 | €16,223 | -€30,578 | -65.3% |
| Tangible fixed assets | 22/27 | €45,322 | €14,743 | -€30,578 | -67.5% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €1,741 | €732 | -€1,009 | -57.9% |
| Furniture and vehicles | 24 | €43,581 | €14,011 | -€29,570 | -67.8% |
| Financial fixed assets | 28 | €1,480 | €1,480 | = | 0.0% |
| Current assets | 29/58 | €501,723 | €1,433,858 | +€932,135 | +185.8% |
| Amounts receivable within one year | 40/41 | €52,955 | €1,419,931 | +€1.4m | +2581.4% |
| Trade receivables | 40 | €52,955 | €1,409,583 | +€1.4m | +2561.9% |
| Other amounts receivable | 41 | €0 | €10,348 | +€10,348 | |
| Cash at bank and in hand | 54/58 | €445,530 | €13,927 | -€431,603 | -96.9% |
| Deferred charges and accrued income | 490/1 | €3,238 | - | -€3,238 | |
| Total equity and liabilities | 10/49 | €548,524 | €1,450,081 | +€901,557 | +164.4% |
| Equity | 10/15 | €292,069 | €317,627 | +€25,557 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €273,469 | €273,469 | = | 0.0% |
| Distributable reserves | 133 | €273,469 | €273,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €25,557 | +€25,557 | |
| Amounts payable | 17/49 | €256,455 | €1,132,454 | +€875,999 | +341.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €251,605 | €1,132,454 | +€880,849 | +350.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €4,167 | €1,667 | -€2,500 | -60.0% |
| Credit institutions | 430/8 | €4,167 | €1,667 | -€2,500 | -60.0% |
| Trade debts | 44 | €70,183 | €173,830 | +€103,647 | +147.7% |
| Suppliers | 440/4 | €70,183 | €173,830 | +€103,647 | +147.7% |
| Taxes, remuneration and social security | 45 | €177,256 | €144,810 | -€32,446 | -18.3% |
| Taxes | 450/3 | €111,595 | €40,100 | -€71,494 | -64.1% |
| Remuneration and social security | 454/9 | €65,661 | €104,710 | +€39,049 | +59.5% |
| Other amounts payable | 47/48 | €0 | €812,148 | +€812,148 | |
| Accrued charges and deferred income | 492/3 | €4,850 | - | -€4,850 | |
| Non-recurring operating income | 76A | €25,090 | - | -€25,090 | |
| Remuneration, social security and pensions | 62 | €564,785 | €650,268 | +€85,483 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,221 | €30,578 | -€3,643 | -10.6% |
| Other operating charges | 640/8 | €7,189 | €2,227 | -€4,962 | -69.0% |
| Non-recurring operating charges | 66A | €44,166 | - | -€44,166 | |
| Gross operating margin | 9900 | €1,025,153 | €722,872 | -€302,281 | -29.5% |
| Operating profit (loss) | 9901 | €374,792 | €39,800 | -€334,993 | -89.4% |
| Financial income | 75/76B | €5,521 | €804 | -€4,717 | -85.4% |
| Recurring financial income | 75 | €5,521 | €804 | -€4,717 | -85.4% |
| Financial charges | 65/66B | €15,305 | €5,393 | -€9,912 | -64.8% |
| Recurring financial charges | 65 | €15,305 | €5,393 | -€9,912 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | €365,009 | €35,211 | -€329,798 | -90.4% |
| Income taxes | 67/77 | €94,111 | €9,654 | -€84,458 | -89.7% |
| Profit (loss) for the period | 9904 | €270,897 | €25,557 | -€245,340 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €270,897 | €25,557 | -€245,340 | -90.6% |
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 7 October 2026 via checked.be.