PAPILIO COMMUNICATION: 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.
PAPILIO COMMUNICATION
Largest movements
- Cash -€9,404
down €9,404 (-83.4%), from €11,273 to €1,869
mainly Tax, wage and social debts (-€13,475) and Trade debts (-€2,809)
- Receivables within one year -€3,720
down €3,720 (-17.3%), from €21,559 to €17,839
of which Trade receivables: -€4,407
- Tangible fixed assets -€2,359
down €2,359 (-28.2%), from €8,370 to €6,011
- Tax, wage and social debts -€13,475
down €13,475 (-57.3%), from €23,503 to €10,028
of which Taxes: -€7,475
- Trade debts -€2,809
down €2,809 (-18.7%), from €15,036 to €12,227
- Profit (loss) carried forward +€807
up €807 (+75.7%), from €1,066 to €1,873
- Gross operating margin +€7,870
up €7,870 (+190%), from €4,138 to €12,008
- Staff costs +€5,980
new in 2024: €5,980
- Depreciation +€1,823
up €1,823 (+89.3%), from €2,042 to €3,865
- Financial charges +€215
up €215 (+82.5%), from €260 to €475
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 | €41,202 | €25,719 | -€15,483 | -37.6% |
| Fixed assets | 21/28 | €8,370 | €6,011 | -€2,359 | -28.2% |
| Tangible fixed assets | 22/27 | €8,370 | €6,011 | -€2,359 | -28.2% |
| Plant, machinery and equipment | 23 | €8,370 | €6,011 | -€2,359 | -28.2% |
| Current assets | 29/58 | €32,832 | €19,708 | -€13,124 | -40.0% |
| Amounts receivable within one year | 40/41 | €21,559 | €17,839 | -€3,720 | -17.3% |
| Trade receivables | 40 | €21,398 | €16,991 | -€4,407 | -20.6% |
| Other amounts receivable | 41 | €161 | €848 | +€687 | +427% |
| Cash at bank and in hand | 54/58 | €11,273 | €1,869 | -€9,404 | -83.4% |
| Total equity and liabilities | 10/49 | €41,202 | €25,719 | -€15,483 | -37.6% |
| Equity | 10/15 | €2,566 | €3,373 | +€807 | +31.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Contributions outside capital | 11 | €1,500 | €1,500 | = | 0.0% |
| Other | 1109/19 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,066 | €1,873 | +€807 | +75.7% |
| Amounts payable | 17/49 | €38,636 | €22,345 | -€16,291 | -42.2% |
| Amounts payable within one year | 42/48 | €38,636 | €22,345 | -€16,291 | -42.2% |
| Trade debts | 44 | €15,036 | €12,227 | -€2,809 | -18.7% |
| Suppliers | 440/4 | €15,036 | €12,227 | -€2,809 | -18.7% |
| Taxes, remuneration and social security | 45 | €23,503 | €10,028 | -€13,475 | -57.3% |
| Taxes | 450/3 | €8,759 | €1,284 | -€7,475 | -85.3% |
| Remuneration and social security | 454/9 | €14,744 | €8,744 | -€6,000 | -40.7% |
| Other amounts payable | 47/48 | €97 | €90 | -€7 | -7.2% |
| Remuneration, social security and pensions | 62 | - | €5,980 | +€5,980 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,042 | €3,865 | +€1,823 | +89.3% |
| Gross operating margin | 9900 | €4,138 | €12,008 | +€7,870 | +190% |
| Operating profit (loss) | 9901 | €2,096 | €2,162 | +€66 | +3.1% |
| Financial charges | 65/66B | €260 | €475 | +€215 | +82.5% |
| Recurring financial charges | 65 | €260 | €475 | +€215 | +82.5% |
| Profit (loss) for the period before taxes | 9903 | €1,836 | €1,687 | -€149 | -8.1% |
| Income taxes | 67/77 | €796 | €880 | +€84 | +10.6% |
| Profit (loss) for the period | 9904 | €1,040 | €807 | -€233 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,040 | €807 | -€233 | -22.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.