PAPI FAMILY: 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.
PAPI FAMILY
Largest movements
- Cash -€784
down €784 (-3.8%), from €20,826 to €20,042
mainly Net result for the year (-€685) and Receivables within one year (-€99)
- Profit (loss) carried forward -€685
down €685 (-5.8%), from -€11,846 to -€12,530
- Gross operating margin +€10,893
no longer reported in 2025 (was -€10,893)
- Other operating charges -€170
down €170 (-21.8%), from €779 to €610
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 | €23,154 | €22,470 | -€685 | -3.0% |
| Current assets | 29/58 | €23,154 | €22,470 | -€685 | -3.0% |
| Amounts receivable within one year | 40/41 | €2,329 | €2,428 | +€99 | +4.3% |
| Other amounts receivable | 41 | €2,329 | €2,428 | +€99 | +4.3% |
| Cash at bank and in hand | 54/58 | €20,826 | €20,042 | -€784 | -3.8% |
| Total equity and liabilities | 10/49 | €23,154 | €22,470 | -€685 | -3.0% |
| Equity | 10/15 | €23,154 | €22,470 | -€685 | -3.0% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,846 | -€12,530 | -€685 | -5.8% |
| Other operating charges | 640/8 | €779 | €610 | -€170 | -21.8% |
| Gross operating margin | 9900 | -€10,893 | - | +€10,893 | |
| Operating profit (loss) | 9901 | -€11,672 | -€610 | +€11,063 | +94.8% |
| Financial charges | 65/66B | €173 | €75 | -€98 | -56.7% |
| Recurring financial charges | 65 | €173 | €75 | -€98 | -56.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,846 | -€685 | +€11,161 | +94.2% |
| Profit (loss) for the period | 9904 | -€11,846 | -€685 | +€11,161 | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,846 | -€685 | +€11,161 | +94.2% |
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 13 October 2026 via checked.be.