papermints: what changed
What changed
papermints
NACE 46.360, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €1.4m+€465,762
Equity
€3.1m
2024 · €2.1m+€1.0m
Cash
€1.6m
2024 · €1.4m+€255,396
Balance sheet total
€3.7m
2024 · €3.0m+€731,978
Largest movements
Assets
- Stocks and contracts +€412,898
up €412,898 (+61.2%), from €674,906 to €1.1m
- Cash +€255,396
up €255,396 (+18.6%), from €1.4m to €1.6m
mainly Net result for the year (+€1.9m) and Trade debts (+€280,441)
- Receivables within one year +€92,524
up €92,524 (+12.2%), from €761,357 to €853,881
of which Trade receivables: +€50,641
Equity and liabilities
- Profit (loss) carried forward +€1.0m
up €1.0m (+56.3%), from €1.8m to €2.8m
- Other debts -€575,701
down €575,701 (-68.6%), from €839,648 to €263,947
- Trade debts +€280,441
up €280,441 (+496%), from €56,587 to €337,028
Income statement
- Gross operating margin +€690,993
up €690,993 (+33.7%), from €2.1m to €2.7m
- Taxes +€157,479
up €157,479 (+34.3%), from €459,701 to €617,181
- Staff costs +€35,358
up €35,358 (+32.5%), from €108,913 to €144,271
- Financial charges +€33,572
up €33,572 (+193%), from €17,351 to €50,923
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.
Result 2024
€1.4m
Gross operating margin
+€690,993
Staff costs
-€35,358
Depreciation
-€7,910
Other operating charges
-€977
Financial income
+€10,064
Financial charges
-€33,572
Taxes
-€157,479
Result 2025
€1.9m
raises the resultlowers the result
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.
From operations
+€1.2m
Investment
-€41,779
Financing
-€863,947
Cash 2024
€1.4m
From operations (derived)
+€1.2m
Net result for the year
+€1.9m
Depreciation
+€69,010
Stocks and contracts
-€412,898
Receivables within one year
-€92,524
Smaller working-capital items
+€4,355
Trade debts
+€280,441
Other debts
-€575,701
Investment (derived)
-€41,779
Investment in fixed assets (net)
-€41,779
Financing
-€863,947
Contributions, distributions and other
-€863,947
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,983,912 | €3,715,890 | +€731,978 | +24.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €173,209 | €145,978 | -€27,231 | -15.7% |
| Intangible fixed assets | 21 | €85,493 | €65,899 | -€19,594 | -22.9% |
| Tangible fixed assets | 22/27 | €82,899 | €75,210 | -€7,689 | -9.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €66,636 | €62,519 | -€4,118 | -6.2% |
| Furniture and vehicles | 24 | €16,263 | €12,692 | -€3,571 | -22.0% |
| Financial fixed assets | 28 | €4,817 | €4,869 | +€51 | +1.1% |
| Current assets | 29/58 | €2,810,703 | €3,569,912 | +€759,209 | +27.0% |
| Stocks and contracts in progress | 3 | €674,906 | €1,087,805 | +€412,898 | +61.2% |
| Stocks | 30/36 | €674,906 | €1,087,805 | +€412,898 | +61.2% |
| Amounts receivable within one year | 40/41 | €761,357 | €853,881 | +€92,524 | +12.2% |
| Trade receivables | 40 | €621,283 | €671,924 | +€50,641 | +8.2% |
| Other amounts receivable | 41 | €140,074 | €181,957 | +€41,883 | +29.9% |
| Cash at bank and in hand | 54/58 | €1,371,737 | €1,627,133 | +€255,396 | +18.6% |
| Deferred charges and accrued income | 490/1 | €2,701 | €1,093 | -€1,608 | -59.5% |
| Total equity and liabilities | 10/49 | €2,983,912 | €3,715,890 | +€731,978 | +24.5% |
| Equity | 10/15 | €2,077,165 | €3,101,656 | +€1.0m | +49.3% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Capital | 10 | €160,000 | €160,000 | = | 0.0% |
| Issued capital | 100 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €95,876 | €95,876 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,376 | €18,376 | = | 0.0% |
| Legal reserve | 130 | €18,376 | €18,376 | = | 0.0% |
| Distributable reserves | 133 | €77,500 | €77,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,821,289 | €2,845,779 | +€1.0m | +56.3% |
| Amounts payable | 17/49 | €906,747 | €614,234 | -€292,513 | -32.3% |
| Amounts payable within one year | 42/48 | €906,747 | €614,234 | -€292,513 | -32.3% |
| Trade debts | 44 | €56,587 | €337,028 | +€280,441 | +496% |
| Suppliers | 440/4 | €56,587 | €337,028 | +€280,441 | +496% |
| Taxes, remuneration and social security | 45 | €10,512 | €13,259 | +€2,747 | +26.1% |
| Taxes | 450/3 | - | €421 | +€421 | |
| Remuneration and social security | 454/9 | €10,512 | €12,838 | +€2,326 | +22.1% |
| Other amounts payable | 47/48 | €839,648 | €263,947 | -€575,701 | -68.6% |
| Remuneration, social security and pensions | 62 | €108,913 | €144,271 | +€35,358 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,100 | €69,010 | +€7,910 | +12.9% |
| Other operating charges | 640/8 | €1,346 | €2,323 | +€977 | +72.6% |
| Gross operating margin | 9900 | €2,052,743 | €2,743,736 | +€690,993 | +33.7% |
| Operating profit (loss) | 9901 | €1,881,384 | €2,528,132 | +€646,748 | +34.4% |
| Financial income | 75/76B | €18,345 | €28,409 | +€10,064 | +54.9% |
| Recurring financial income | 75 | €18,345 | €28,409 | +€10,064 | +54.9% |
| Financial charges | 65/66B | €17,351 | €50,923 | +€33,572 | +193% |
| Recurring financial charges | 65 | €17,351 | €50,923 | +€33,572 | +193% |
| Profit (loss) for the period before taxes | 9903 | €1,882,377 | €2,505,618 | +€623,241 | +33.1% |
| Income taxes | 67/77 | €459,701 | €617,181 | +€157,479 | +34.3% |
| Profit (loss) for the period | 9904 | €1,422,676 | €1,888,437 | +€465,762 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,422,676 | €1,888,437 | +€465,762 | +32.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.