PAPERPRESS: what changed
Two fiscal 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.
PAPERPRESS
Largest movements
- Cash +€205,528
up €205,528 (+129.9%), from €158,252 to €363,780
mainly Current investments (+€150,000) and Net result for the year (+€60,191)
- Current investments -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Tangible fixed assets -€37,128
down €37,128 (-10.8%), from €342,758 to €305,630
of which Furniture and vehicles: -€24,510
- Stocks and contracts +€10,753
up €10,753 (+11.9%), from €90,079 to €100,832
- Other debts +€32,776
up €32,776 (+46.7%), from €70,182 to €102,958
- Debts after one year -€24,428
down €24,428 (-25.4%), from €96,112 to €71,685
- Reserves +€24,407
up €24,407 (+5.0%), from €483,827 to €508,233
of which Distributable reserves: +€24,407
- Trade debts -€9,787
down €9,787 (-16.9%), from €58,029 to €48,242
- Gross operating margin +€10,302
up €10,302 (+4.6%), from €222,979 to €233,281
- Depreciation +€8,427
up €8,427 (+29.4%), from €28,701 to €37,128
- Financial income +€3,862
up €3,862 (+2042.7%), from €189 to €4,051
- Taxes +€2,497
up €2,497 (+11.3%), from €22,034 to €24,531
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
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 | €762,089 | €784,703 | +€22,615 | +3.0% |
| Fixed assets | 21/28 | €343,245 | €305,630 | -€37,614 | -11.0% |
| Tangible fixed assets | 22/27 | €342,758 | €305,630 | -€37,128 | -10.8% |
| Land and buildings | 22 | €237,190 | €226,327 | -€10,863 | -4.6% |
| Plant, machinery and equipment | 23 | €4,715 | €2,960 | -€1,755 | -37.2% |
| Furniture and vehicles | 24 | €100,853 | €76,343 | -€24,510 | -24.3% |
| Financial fixed assets | 28 | €487 | €0 | -€487 | -100.0% |
| Current assets | 29/58 | €418,844 | €479,073 | +€60,229 | +14.4% |
| Stocks and contracts in progress | 3 | €90,079 | €100,832 | +€10,753 | +11.9% |
| Stocks | 30/36 | €90,079 | €100,832 | +€10,753 | +11.9% |
| Amounts receivable within one year | 40/41 | €4,828 | €3,739 | -€1,089 | -22.6% |
| Trade receivables | 40 | €332 | €1,919 | +€1,587 | +478.7% |
| Other amounts receivable | 41 | €4,496 | €1,820 | -€2,677 | -59.5% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €158,252 | €363,780 | +€205,528 | +129.9% |
| Deferred charges and accrued income | 490/1 | €15,685 | €10,722 | -€4,963 | -31.6% |
| Total equity and liabilities | 10/49 | €762,089 | €784,703 | +€22,615 | +3.0% |
| Equity | 10/15 | €502,483 | €526,925 | +€24,441 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €483,827 | €508,233 | +€24,407 | +5.0% |
| Tax-exempt reserves | 132 | €11,500 | €11,500 | = | 0.0% |
| Distributable reserves | 133 | €472,327 | €496,733 | +€24,407 | +5.2% |
| Profit (loss) carried forward | 14 | €57 | €91 | +€35 | +61.8% |
| Amounts payable | 17/49 | €259,605 | €257,778 | -€1,827 | -0.7% |
| Amounts payable after more than one year | 17 | €96,112 | €71,685 | -€24,428 | -25.4% |
| Financial debts | 170/4 | €96,112 | €71,685 | -€24,428 | -25.4% |
| Amounts payable within one year | 42/48 | €161,050 | €184,972 | +€23,922 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €23,600 | €24,428 | +€828 | +3.5% |
| Trade debts | 44 | €58,029 | €48,242 | -€9,787 | -16.9% |
| Suppliers | 440/4 | €58,029 | €48,242 | -€9,787 | -16.9% |
| Taxes, remuneration and social security | 45 | €9,239 | €9,344 | +€105 | +1.1% |
| Taxes | 450/3 | €1,939 | €2,022 | +€82 | +4.2% |
| Remuneration and social security | 454/9 | €7,300 | €7,323 | +€23 | +0.3% |
| Other amounts payable | 47/48 | €70,182 | €102,958 | +€32,776 | +46.7% |
| Accrued charges and deferred income | 492/3 | €2,443 | €1,122 | -€1,321 | -54.1% |
| Remuneration, social security and pensions | 62 | €94,556 | €92,968 | -€1,588 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,701 | €37,128 | +€8,427 | +29.4% |
| Other operating charges | 640/8 | €7,594 | €9,344 | +€1,749 | +23.0% |
| Gross operating margin | 9900 | €222,979 | €233,281 | +€10,302 | +4.6% |
| Operating profit (loss) | 9901 | €92,128 | €93,841 | +€1,714 | +1.9% |
| Financial income | 75/76B | €189 | €4,051 | +€3,862 | +2042.7% |
| Recurring financial income | 75 | €189 | €4,051 | +€3,862 | +2042.7% |
| Financial charges | 65/66B | €12,526 | €13,170 | +€644 | +5.1% |
| Recurring financial charges | 65 | €12,526 | €13,170 | +€644 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €79,791 | €84,723 | +€4,932 | +6.2% |
| Income taxes | 67/77 | €22,034 | €24,531 | +€2,497 | +11.3% |
| Profit (loss) for the period | 9904 | €57,757 | €60,191 | +€2,435 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,757 | €60,191 | +€2,435 | +4.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.