PaperWorX: 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.
PaperWorX
Largest movements
- Receivables within one year +€6,000
up €6,000 (+50.0%), from €12,000 to €18,000
- Other debts +€21,600
up €21,600 (+85.7%), from €25,200 to €46,800
- Debts after one year -€15,234
down €15,234 (-10.9%), from €139,961 to €124,727
- Other operating charges -€654
down €654 (-81.6%), from €801 to €147
- Gross operating margin +€570
up €570 (+10.6%), from €5,361 to €5,931
- Financial charges -€457
down €457 (-8.9%), from €5,122 to €4,665
- Taxes +€172
up €172, from €0 to €172
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 | €186,148 | €193,766 | +€7,618 | +4.1% |
| Fixed assets | 21/28 | €165,000 | €165,000 | = | 0.0% |
| Financial fixed assets | 28 | €165,000 | €165,000 | = | 0.0% |
| Current assets | 29/58 | €21,148 | €28,766 | +€7,618 | +36.0% |
| Amounts receivable within one year | 40/41 | €12,000 | €18,000 | +€6,000 | +50.0% |
| Trade receivables | 40 | €12,000 | €18,000 | +€6,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €9,148 | €10,766 | +€1,618 | +17.7% |
| Total equity and liabilities | 10/49 | €186,148 | €193,766 | +€7,618 | +4.1% |
| Equity | 10/15 | €5,886 | €6,834 | +€947 | +16.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €886 | €1,834 | +€947 | +107% |
| Amounts payable | 17/49 | €180,262 | €186,932 | +€6,670 | +3.7% |
| Amounts payable after more than one year | 17 | €139,961 | €124,727 | -€15,234 | -10.9% |
| Financial debts | 170/4 | €139,961 | €124,727 | -€15,234 | -10.9% |
| Amounts payable within one year | 42/48 | €40,301 | €62,205 | +€21,904 | +54.4% |
| Current portion of amounts payable after more than one year | 42 | €14,739 | €15,234 | +€495 | +3.4% |
| Taxes, remuneration and social security | 45 | €362 | €172 | -€190 | -52.6% |
| Taxes | 450/3 | €362 | €172 | -€190 | -52.6% |
| Other amounts payable | 47/48 | €25,200 | €46,800 | +€21,600 | +85.7% |
| Other operating charges | 640/8 | €801 | €147 | -€654 | -81.6% |
| Gross operating margin | 9900 | €5,361 | €5,931 | +€570 | +10.6% |
| Operating profit (loss) | 9901 | €4,560 | €5,784 | +€1,224 | +26.8% |
| Financial charges | 65/66B | €5,122 | €4,665 | -€457 | -8.9% |
| Recurring financial charges | 65 | €5,122 | €4,665 | -€457 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | -€561 | €1,119 | +€1,680 | |
| Income taxes | 67/77 | €0 | €172 | +€172 | |
| Profit (loss) for the period | 9904 | -€561 | €947 | +€1,509 | |
| Profit (loss) for the period to be appropriated | 9905 | -€561 | €947 | +€1,509 |
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 15 October 2026 via checked.be.