PAPIER & CO: 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.
PAPIER & CO
Largest movements
- Tangible fixed assets -€23,382
down €23,382 (-63.4%), from €36,883 to €13,502
of which Leasing and similar rights: -€11,768
- Stocks and contracts -€9,887
down €9,887 (-45.0%), from €21,987 to €12,100
- Receivables within one year +€9,786
up €9,786 (+11.1%), from €87,771 to €97,557
of which Trade receivables: +€10,143
- Cash +€2,416
up €2,416 (+77.6%), from €3,111 to €5,527
mainly Depreciation (+€23,382) and Stocks and contracts (+€9,887)
- Other debts -€17,059
down €17,059 (-72.5%), from €23,515 to €6,456
- Current portion of long-term debt -€5,150
down €5,150 (-45.4%), from €11,333 to €6,184
- Tax, wage and social debts +€3,119
up €3,119 (+45.9%), from €6,788 to €9,907
- Gross operating margin -€2,538
down €2,538 (-7.3%), from €34,890 to €32,352
- Other operating charges -€1,536
down €1,536 (-37.2%), from €4,132 to €2,597
- Depreciation -€881
down €881 (-3.6%), from €24,263 to €23,382
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,732 | €137,048 | -€19,684 | -12.6% |
| Fixed assets | 21/28 | €42,883 | €19,502 | -€23,382 | -54.5% |
| Tangible fixed assets | 22/27 | €36,883 | €13,502 | -€23,382 | -63.4% |
| Land and buildings | 22 | €4,192 | €3,668 | -€524 | -12.5% |
| Plant, machinery and equipment | 23 | €6,147 | €4,214 | -€1,932 | -31.4% |
| Furniture and vehicles | 24 | €11,997 | €5,619 | -€6,377 | -53.2% |
| Leasing and similar rights | 25 | €11,768 | - | -€11,768 | |
| Other tangible fixed assets | 26 | €2,780 | - | -€2,780 | |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €113,848 | €117,547 | +€3,698 | +3.2% |
| Stocks and contracts in progress | 3 | €21,987 | €12,100 | -€9,887 | -45.0% |
| Stocks | 30/36 | €21,987 | €12,100 | -€9,887 | -45.0% |
| Amounts receivable within one year | 40/41 | €87,771 | €97,557 | +€9,786 | +11.1% |
| Trade receivables | 40 | €87,364 | €97,507 | +€10,143 | +11.6% |
| Other amounts receivable | 41 | €407 | €50 | -€357 | -87.7% |
| Cash at bank and in hand | 54/58 | €3,111 | €5,527 | +€2,416 | +77.6% |
| Deferred charges and accrued income | 490/1 | €979 | €2,362 | +€1,383 | +141% |
| Total equity and liabilities | 10/49 | €156,732 | €137,048 | -€19,684 | -12.6% |
| Equity | 10/15 | €72,759 | €72,994 | +€235 | +0.3% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €47,284 | €47,284 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,480 | €2,480 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,480 | €2,480 | = | 0.0% |
| Distributable reserves | 133 | €44,804 | €44,804 | = | 0.0% |
| Profit (loss) carried forward | 14 | €676 | €911 | +€235 | +34.7% |
| Amounts payable | 17/49 | €83,973 | €64,054 | -€19,919 | -23.7% |
| Amounts payable after more than one year | 17 | €1,184 | - | -€1,184 | |
| Financial debts | 170/4 | €1,184 | - | -€1,184 | |
| Amounts payable within one year | 42/48 | €82,789 | €64,054 | -€18,735 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €11,333 | €6,184 | -€5,150 | -45.4% |
| Trade debts | 44 | €41,152 | €41,507 | +€355 | +0.9% |
| Suppliers | 440/4 | €41,152 | €41,507 | +€355 | +0.9% |
| Taxes, remuneration and social security | 45 | €6,788 | €9,907 | +€3,119 | +45.9% |
| Taxes | 450/3 | €6,788 | €9,907 | +€3,119 | +45.9% |
| Other amounts payable | 47/48 | €23,515 | €6,456 | -€17,059 | -72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,263 | €23,382 | -€881 | -3.6% |
| Other operating charges | 640/8 | €4,132 | €2,597 | -€1,536 | -37.2% |
| Gross operating margin | 9900 | €34,890 | €32,352 | -€2,538 | -7.3% |
| Operating profit (loss) | 9901 | €6,494 | €6,373 | -€121 | -1.9% |
| Financial income | 75/76B | €127 | €237 | +€110 | +86.8% |
| Recurring financial income | 75 | €127 | €237 | +€110 | +86.8% |
| Financial charges | 65/66B | €4,042 | €4,089 | +€46 | +1.1% |
| Recurring financial charges | 65 | €4,042 | €4,089 | +€46 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €2,579 | €2,521 | -€57 | -2.2% |
| Income taxes | 67/77 | €2,149 | €2,286 | +€138 | +6.4% |
| Profit (loss) for the period | 9904 | €430 | €235 | -€195 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €430 | €235 | -€195 | -45.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.