PAPERCLIP MORTSEL: what changed
PAPERCLIP MORTSEL
Largest movements
- Cash +€8,816
up €8,816 (+36.0%), from €24,466 to €33,282
mainly Net result for the year (+€11,133) and Accrued charges and deferred income (+€8,937)
- Deferred charges and accrued income +€3,616
up €3,616 (+54.4%), from €6,651 to €10,267
- Receivables within one year +€2,463
up €2,463 (+49.9%), from €4,939 to €7,402
of which Trade receivables: +€1,950
- Tangible fixed assets +€1,428
up €1,428 (+21.7%), from €6,572 to €8,000
of which Furniture and vehicles: +€2,098
- Stocks and contracts +€1,243
up €1,243 (+11.2%), from €11,127 to €12,370
- Reserves +€9,990
up €9,990 (+63.3%), from €15,784 to €25,774
- Accrued charges and deferred income +€8,937
new in 2025: €8,937
- Trade debts -€5,799
down €5,799 (-21.1%), from €27,492 to €21,693
- Tax, wage and social debts +€4,560
up €4,560 (+110%), from €4,157 to €8,717
of which Taxes: +€2,427
- Gross operating margin +€7,464
up €7,464 (+23.7%), from €31,493 to €38,957
- Depreciation +€2,010
up €2,010 (+121%), from €1,658 to €3,667
- Taxes +€1,742
up €1,742 (+145%), from €1,204 to €2,946
- Staff costs +€1,330
up €1,330 (+7.2%), from €18,538 to €19,868
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,754 | €71,321 | +€17,566 | +32.7% |
| Fixed assets | 21/28 | €6,572 | €8,000 | +€1,428 | +21.7% |
| Tangible fixed assets | 22/27 | €6,572 | €8,000 | +€1,428 | +21.7% |
| Plant, machinery and equipment | 23 | €1,000 | €330 | -€670 | -67.0% |
| Furniture and vehicles | 24 | €5,572 | €7,670 | +€2,098 | +37.7% |
| Current assets | 29/58 | €47,182 | €63,321 | +€16,138 | +34.2% |
| Stocks and contracts in progress | 3 | €11,127 | €12,370 | +€1,243 | +11.2% |
| Stocks | 30/36 | €11,127 | €12,370 | +€1,243 | +11.2% |
| Amounts receivable within one year | 40/41 | €4,939 | €7,402 | +€2,463 | +49.9% |
| Trade receivables | 40 | €4,939 | €6,888 | +€1,950 | +39.5% |
| Other amounts receivable | 41 | - | €514 | +€514 | |
| Cash at bank and in hand | 54/58 | €24,466 | €33,282 | +€8,816 | +36.0% |
| Deferred charges and accrued income | 490/1 | €6,651 | €10,267 | +€3,616 | +54.4% |
| Total equity and liabilities | 10/49 | €53,754 | €71,321 | +€17,566 | +32.7% |
| Equity | 10/15 | €21,984 | €31,974 | +€9,990 | +45.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,784 | €25,774 | +€9,990 | +63.3% |
| Distributable reserves | 133 | €15,784 | €25,774 | +€9,990 | +63.3% |
| Amounts payable | 17/49 | €31,770 | €39,347 | +€7,576 | +23.8% |
| Amounts payable within one year | 42/48 | €31,770 | €30,410 | -€1,361 | -4.3% |
| Trade debts | 44 | €27,492 | €21,693 | -€5,799 | -21.1% |
| Suppliers | 440/4 | €27,492 | €21,693 | -€5,799 | -21.1% |
| Taxes, remuneration and social security | 45 | €4,157 | €8,717 | +€4,560 | +110% |
| Taxes | 450/3 | €1,722 | €4,149 | +€2,427 | +141% |
| Remuneration and social security | 454/9 | €2,434 | €4,567 | +€2,133 | +87.6% |
| Other amounts payable | 47/48 | €122 | - | -€122 | |
| Accrued charges and deferred income | 492/3 | - | €8,937 | +€8,937 | |
| Remuneration, social security and pensions | 62 | €18,538 | €19,868 | +€1,330 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,658 | €3,667 | +€2,010 | +121% |
| Other operating charges | 640/8 | €615 | €713 | +€98 | +16.0% |
| Gross operating margin | 9900 | €31,493 | €38,957 | +€7,464 | +23.7% |
| Operating profit (loss) | 9901 | €10,683 | €14,708 | +€4,025 | +37.7% |
| Financial income | 75/76B | €10 | €8 | -€2 | -16.1% |
| Recurring financial income | 75 | €10 | €8 | -€2 | -16.1% |
| Financial charges | 65/66B | €450 | €638 | +€187 | +41.6% |
| Recurring financial charges | 65 | €450 | €638 | +€187 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | €10,242 | €14,078 | +€3,836 | +37.5% |
| Income taxes | 67/77 | €1,204 | €2,946 | +€1,742 | +145% |
| Profit (loss) for the period | 9904 | €9,038 | €11,133 | +€2,094 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,038 | €11,133 | +€2,094 | +23.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.