PAPERDOT: 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.
PAPERDOT
Largest movements
- Receivables within one year -€112,318
down €112,318 (-43.2%), from €259,900 to €147,582
of which Trade receivables: -€124,255
- Trade debts -€182,050
down €182,050 (-94.0%), from €193,646 to €11,596
- Advances received +€48,755
new in 2025: €48,755
- Reserves +€7,393
up €7,393 (+6.6%), from €111,733 to €119,126
of which Distributable reserves: +€7,393
- Accrued charges and deferred income +€6,549
up €6,549 (+13,135%), from €50 to €6,599
- Tax, wage and social debts +€3,444
up €3,444 (+24.3%), from €14,163 to €17,607
- Gross operating margin -€17,374
down €17,374 (-47.2%), from €36,772 to €19,398
- Taxes -€2,706
down €2,706 (-23.0%), from €11,774 to €9,068
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 | €329,681 | €216,083 | -€113,598 | -34.5% |
| Current assets | 29/58 | €329,681 | €216,083 | -€113,598 | -34.5% |
| Amounts receivable within one year | 40/41 | €259,900 | €147,582 | -€112,318 | -43.2% |
| Trade receivables | 40 | €130,069 | €5,814 | -€124,255 | -95.5% |
| Other amounts receivable | 41 | €129,831 | €141,768 | +€11,937 | +9.2% |
| Cash at bank and in hand | 54/58 | €68,880 | €67,457 | -€1,423 | -2.1% |
| Deferred charges and accrued income | 490/1 | €901 | €1,044 | +€143 | +15.9% |
| Total equity and liabilities | 10/49 | €329,681 | €216,083 | -€113,598 | -34.5% |
| Equity | 10/15 | €121,823 | €131,526 | +€9,703 | +8.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €111,733 | €119,126 | +€7,393 | +6.6% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €109,233 | €116,626 | +€7,393 | +6.8% |
| Profit (loss) carried forward | 14 | -€2,310 | - | +€2,310 | |
| Amounts payable | 17/49 | €207,859 | €84,558 | -€123,301 | -59.3% |
| Amounts payable within one year | 42/48 | €207,809 | €77,959 | -€129,850 | -62.5% |
| Trade debts | 44 | €193,646 | €11,596 | -€182,050 | -94.0% |
| Suppliers | 440/4 | €193,646 | €11,596 | -€182,050 | -94.0% |
| Advances received on contracts in progress | 46 | - | €48,755 | +€48,755 | |
| Taxes, remuneration and social security | 45 | €14,163 | €17,607 | +€3,444 | +24.3% |
| Taxes | 450/3 | €14,163 | €17,607 | +€3,444 | +24.3% |
| Accrued charges and deferred income | 492/3 | €50 | €6,599 | +€6,549 | +13,135% |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Other operating charges | 640/8 | €358 | €515 | +€157 | +44.0% |
| Gross operating margin | 9900 | €36,772 | €19,398 | -€17,374 | -47.2% |
| Operating profit (loss) | 9901 | €36,027 | €18,483 | -€17,544 | -48.7% |
| Financial income | 75/76B | €249 | €344 | +€95 | +38.4% |
| Recurring financial income | 75 | €249 | €344 | +€95 | +38.4% |
| Financial charges | 65/66B | €80 | €55 | -€24 | -30.6% |
| Recurring financial charges | 65 | €80 | €55 | -€24 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €36,196 | €18,772 | -€17,424 | -48.1% |
| Income taxes | 67/77 | €11,774 | €9,068 | -€2,706 | -23.0% |
| Profit (loss) for the period | 9904 | €24,422 | €9,703 | -€14,719 | -60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,422 | €9,703 | -€14,719 | -60.3% |
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 16 October 2026 via checked.be.