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
- Stocks and contracts +€19,508
up €19,508 (+71.2%), from €27,384 to €46,893
- Cash -€4,932
down €4,932 (-12.5%), from €39,483 to €34,551
mainly Other debts (-€36,449) and Stocks and contracts (-€19,508)
- Tangible fixed assets -€2,675
down €2,675 (-26.3%), from €10,163 to €7,488
of which Furniture and vehicles: -€1,471
- Debts after one year +€39,347
new in 2025: €39,347
- Other debts -€36,449
down €36,449 (-89.8%), from €40,571 to €4,123
- Profit (loss) carried forward +€23,661
up €23,661 (+58.4%), from -€40,498 to -€16,837
- Trade debts -€9,460
down €9,460 (-40.1%), from €23,593 to €14,134
- Current portion of long-term debt -€4,110
down €4,110 (-26.9%), from €15,276 to €11,166
- Gross operating margin +€21,107
up €21,107 (+78.4%), from €26,913 to €48,020
- Other operating charges +€1,624
up €1,624 (+95.1%), from €1,708 to €3,332
- Financial income +€647
up €647 (+744%), from €87 to €734
- Financial charges -€536
down €536 (-4.1%), from €12,935 to €12,399
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.
Derived cash bridge
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 | €79,112 | €90,822 | +€11,710 | +14.8% |
| Fixed assets | 21/28 | €10,926 | €8,250 | -€2,675 | -24.5% |
| Tangible fixed assets | 22/27 | €10,163 | €7,488 | -€2,675 | -26.3% |
| Plant, machinery and equipment | 23 | €233 | €387 | +€154 | +65.9% |
| Furniture and vehicles | 24 | €3,918 | €2,447 | -€1,471 | -37.5% |
| Other tangible fixed assets | 26 | €6,012 | €4,654 | -€1,358 | -22.6% |
| Financial fixed assets | 28 | €762 | €762 | = | 0.0% |
| Current assets | 29/58 | €68,186 | €82,571 | +€14,385 | +21.1% |
| Stocks and contracts in progress | 3 | €27,384 | €46,893 | +€19,508 | +71.2% |
| Stocks | 30/36 | €27,384 | €46,893 | +€19,508 | +71.2% |
| Amounts receivable within one year | 40/41 | €478 | €156 | -€323 | -67.4% |
| Trade receivables | 40 | €478 | €105 | -€373 | -78.1% |
| Other amounts receivable | 41 | €0 | €51 | +€51 | +16,870% |
| Cash at bank and in hand | 54/58 | €39,483 | €34,551 | -€4,932 | -12.5% |
| Deferred charges and accrued income | 490/1 | €841 | €972 | +€131 | +15.6% |
| Total equity and liabilities | 10/49 | €79,112 | €90,822 | +€11,710 | +14.8% |
| Equity | 10/15 | -€3,015 | €20,646 | +€23,661 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,283 | €31,283 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,026 | €6,026 | = | 0.0% |
| Distributable reserves | 133 | €25,257 | €25,257 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,498 | -€16,837 | +€23,661 | +58.4% |
| Amounts payable | 17/49 | €82,127 | €70,176 | -€11,951 | -14.6% |
| Amounts payable after more than one year | 17 | - | €39,347 | +€39,347 | |
| Financial debts | 170/4 | - | €39,347 | +€39,347 | |
| Amounts payable within one year | 42/48 | €82,127 | €30,829 | -€51,298 | -62.5% |
| Current portion of amounts payable after more than one year | 42 | €15,276 | €11,166 | -€4,110 | -26.9% |
| Trade debts | 44 | €23,593 | €14,134 | -€9,460 | -40.1% |
| Suppliers | 440/4 | €23,593 | €14,134 | -€9,460 | -40.1% |
| Taxes, remuneration and social security | 45 | €2,685 | €1,406 | -€1,279 | -47.6% |
| Taxes | 450/3 | €1,356 | €8 | -€1,349 | -99.4% |
| Remuneration and social security | 454/9 | €1,329 | €1,399 | +€70 | +5.2% |
| Other amounts payable | 47/48 | €40,571 | €4,123 | -€36,449 | -89.8% |
| Remuneration, social security and pensions | 62 | €6,112 | €6,078 | -€34 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,878 | €3,015 | +€137 | +4.8% |
| Other operating charges | 640/8 | €1,708 | €3,332 | +€1,624 | +95.1% |
| Gross operating margin | 9900 | €26,913 | €48,020 | +€21,107 | +78.4% |
| Operating profit (loss) | 9901 | €16,215 | €35,594 | +€19,379 | +120% |
| Financial income | 75/76B | €87 | €734 | +€647 | +744% |
| Recurring financial income | 75 | €87 | €734 | +€647 | +744% |
| Financial charges | 65/66B | €12,935 | €12,399 | -€536 | -4.1% |
| Recurring financial charges | 65 | €12,935 | €12,399 | -€536 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €3,366 | €23,929 | +€20,563 | +611% |
| Income taxes | 67/77 | €273 | €268 | -€5 | -1.7% |
| Profit (loss) for the period | 9904 | €3,094 | €23,661 | +€20,567 | +665% |
| Profit (loss) for the period to be appropriated | 9905 | €3,094 | €23,661 | +€20,567 | +665% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.