Papier3.0: 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.
Papier3.0
Largest movements
- Intangible fixed assets +€27,000
new in 2025: €27,000
- Receivables within one year -€2,541
down €2,541 (-51.4%), from €4,945 to €2,405
of which Other amounts receivable: -€2,541
- Deferred charges and accrued income -€1,361
no longer reported in 2025 (was €1,361)
- Formation expenses -€425
down €425 (-49.5%), from €858 to €433
- Trade debts +€18,380
up €18,380 (+415.1%), from €4,428 to €22,808
- Other debts +€3,151
up €3,151 (+72.5%), from €4,349 to €7,500
- Profit (loss) carried forward +€797
up €797 (+53.4%), from -€1,493 to -€696
- Turnover +€44,458
new in 2025: €44,458
- Purchases and services +€5,903
up €5,903 (+14.6%), from €40,420 to €46,323
- Gross operating margin +€3,731
up €3,731, from -€714 to €3,018
- Other operating charges +€890
up €890 (+178.0%), from €500 to €1,390
- Depreciation +€725
new in 2025: €725
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 | €8,284 | €30,611 | +€22,327 | +269.5% |
| Formation expenses | 20 | €858 | €433 | -€425 | -49.5% |
| Fixed assets | 21/28 | €981 | €27,681 | +€26,700 | +2720.6% |
| Intangible fixed assets | 21 | - | €27,000 | +€27,000 | |
| Tangible fixed assets | 22/27 | €981 | €681 | -€300 | -30.6% |
| Plant, machinery and equipment | 23 | €981 | €681 | -€300 | -30.6% |
| Current assets | 29/58 | €6,445 | €2,497 | -€3,948 | -61.3% |
| Amounts receivable within one year | 40/41 | €4,945 | €2,405 | -€2,541 | -51.4% |
| Trade receivables | 40 | €2,358 | €2,358 | = | 0.0% |
| Other amounts receivable | 41 | €2,587 | €47 | -€2,541 | -98.2% |
| Cash at bank and in hand | 54/58 | €138 | €92 | -€46 | -33.1% |
| Deferred charges and accrued income | 490/1 | €1,361 | - | -€1,361 | |
| Total equity and liabilities | 10/49 | €8,284 | €30,611 | +€22,327 | +269.5% |
| Equity | 10/15 | -€493 | €304 | +€797 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,493 | -€696 | +€797 | +53.4% |
| Amounts payable | 17/49 | €8,777 | €30,307 | +€21,531 | +245.3% |
| Amounts payable within one year | 42/48 | €8,777 | €30,307 | +€21,531 | +245.3% |
| Trade debts | 44 | €4,428 | €22,808 | +€18,380 | +415.1% |
| Suppliers | 440/4 | €4,428 | €22,808 | +€18,380 | +415.1% |
| Other amounts payable | 47/48 | €4,349 | €7,500 | +€3,151 | +72.5% |
| Turnover | 70 | - | €44,458 | +€44,458 | |
| Non-recurring operating income | 76A | - | €4,792 | +€4,792 | |
| Goods, raw materials, services and sundry goods | 60/61 | €40,420 | €46,323 | +€5,903 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €725 | +€725 | |
| Other operating charges | 640/8 | €500 | €1,390 | +€890 | +178.0% |
| Gross operating margin | 9900 | -€714 | €3,018 | +€3,731 | |
| Operating profit (loss) | 9901 | -€1,214 | €903 | +€2,117 | |
| Financial charges | 65/66B | €112 | €106 | -€5 | -4.9% |
| Recurring financial charges | 65 | €112 | €106 | -€5 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,325 | €797 | +€2,122 | |
| Profit (loss) for the period | 9904 | -€1,325 | €797 | +€2,122 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,325 | €797 | +€2,122 |
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 1 October 2026 via checked.be.