PAPERCLIP: 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.
PAPERCLIP
Largest movements
- Receivables within one year +€1,440
up €1,440 (+93.5%), from €1,540 to €2,980
of which Trade receivables: +€1,845
- Deferred charges and accrued income -€103
no longer reported in 2025 (was €103)
- Trade debts +€3,253
up €3,253 (+32.9%), from €9,889 to €13,142
- Profit (loss) carried forward -€2,835
down €2,835 (-7.3%), from -€38,826 to -€41,661
- Other debts +€803
up €803 (+3.6%), from €22,252 to €23,054
- Short-term financial debts +€116
up €116 (+8.0%), from €1,452 to €1,567
- Gross operating margin +€5,392
up €5,392 (+72.8%), from -€7,408 to -€2,016
- Financial charges -€1,079
down €1,079 (-73.6%), from €1,466 to €387
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,823 | €4,160 | +€1,337 | +47.3% |
| Fixed assets | 21/28 | €1,180 | €1,180 | = | 0.0% |
| Financial fixed assets | 28 | €1,180 | €1,180 | = | 0.0% |
| Current assets | 29/58 | €1,643 | €2,980 | +€1,337 | +81.4% |
| Amounts receivable within one year | 40/41 | €1,540 | €2,980 | +€1,440 | +93.5% |
| Trade receivables | 40 | €269 | €2,114 | +€1,845 | +685.5% |
| Other amounts receivable | 41 | €1,271 | €866 | -€404 | -31.8% |
| Deferred charges and accrued income | 490/1 | €103 | - | -€103 | |
| Total equity and liabilities | 10/49 | €2,823 | €4,160 | +€1,337 | +47.3% |
| Equity | 10/15 | -€30,769 | -€33,604 | -€2,835 | -9.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Contributions outside capital | 11 | €6,197 | €6,197 | = | 0.0% |
| Other | 1109/19 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,826 | -€41,661 | -€2,835 | -7.3% |
| Amounts payable | 17/49 | €33,592 | €37,764 | +€4,171 | +12.4% |
| Amounts payable within one year | 42/48 | €33,592 | €37,764 | +€4,171 | +12.4% |
| Financial debts | 43 | €1,452 | €1,567 | +€116 | +8.0% |
| Credit institutions | 430/8 | €1,452 | €1,567 | +€116 | +8.0% |
| Trade debts | 44 | €9,889 | €13,142 | +€3,253 | +32.9% |
| Suppliers | 440/4 | €9,889 | €13,142 | +€3,253 | +32.9% |
| Other amounts payable | 47/48 | €22,252 | €23,054 | +€803 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17 | - | -€17 | |
| Other operating charges | 640/8 | €387 | €434 | +€46 | +12.0% |
| Gross operating margin | 9900 | -€7,408 | -€2,016 | +€5,392 | +72.8% |
| Operating profit (loss) | 9901 | -€7,813 | -€2,450 | +€5,363 | +68.6% |
| Financial income | 75/76B | €44 | €2 | -€42 | -95.1% |
| Recurring financial income | 75 | €44 | €2 | -€42 | -95.1% |
| Financial charges | 65/66B | €1,466 | €387 | -€1,079 | -73.6% |
| Recurring financial charges | 65 | €1,466 | €387 | -€1,079 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,234 | -€2,835 | +€6,400 | +69.3% |
| Profit (loss) for the period | 9904 | -€9,234 | -€2,835 | +€6,400 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,234 | -€2,835 | +€6,400 | +69.3% |
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.