PAPILLON A3: 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.
PAPILLON A3
Largest movements
- Stocks and contracts +€10,112
up €10,112 (+50.1%), from €20,194 to €30,306
- Cash -€7,175
down €7,175 (-68.8%), from €10,423 to €3,248
mainly Stocks and contracts (-€10,112) and Trade debts (-€7,471)
- Receivables within one year +€6,553
up €6,553 (+90.5%), from €7,239 to €13,792
of which Other amounts receivable: +€12,057
- Tangible fixed assets -€2,043
down €2,043 (-19.9%), from €10,266 to €8,223
of which Other tangible fixed assets: -€1,775
- Tax, wage and social debts +€9,354
up €9,354 (+20.5%), from €45,634 to €54,988
of which Remuneration and social security: +€6,842
- Trade debts -€7,471
down €7,471 (-84.2%), from €8,870 to €1,399
- Profit (loss) carried forward +€5,564
up €5,564 (+406.7%), from €1,368 to €6,932
- Gross operating margin +€14,966
up €14,966, from -€3,608 to €11,358
- Taxes +€2,429
new in 2025: €2,429
- Other operating charges -€2,320
down €2,320 (-95.7%), from €2,425 to €105
- Depreciation +€586
up €586 (+20.3%), from €2,887 to €3,473
- Financial income +€417
new in 2025: €417
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 | €74,472 | €81,919 | +€7,447 | +10.0% |
| Fixed assets | 21/28 | €36,616 | €34,573 | -€2,043 | -5.6% |
| Tangible fixed assets | 22/27 | €10,266 | €8,223 | -€2,043 | -19.9% |
| Plant, machinery and equipment | 23 | - | €1,117 | +€1,117 | |
| Furniture and vehicles | 24 | €3,472 | €2,087 | -€1,385 | -39.9% |
| Other tangible fixed assets | 26 | €6,794 | €5,019 | -€1,775 | -26.1% |
| Financial fixed assets | 28 | €26,350 | €26,350 | = | 0.0% |
| Current assets | 29/58 | €37,856 | €47,346 | +€9,490 | +25.1% |
| Stocks and contracts in progress | 3 | €20,194 | €30,306 | +€10,112 | +50.1% |
| Stocks | 30/36 | €20,194 | €30,306 | +€10,112 | +50.1% |
| Amounts receivable within one year | 40/41 | €7,239 | €13,792 | +€6,553 | +90.5% |
| Trade receivables | 40 | €5,578 | €74 | -€5,504 | -98.7% |
| Other amounts receivable | 41 | €1,661 | €13,718 | +€12,057 | +725.9% |
| Cash at bank and in hand | 54/58 | €10,423 | €3,248 | -€7,175 | -68.8% |
| Total equity and liabilities | 10/49 | €74,472 | €81,919 | +€7,447 | +10.0% |
| Equity | 10/15 | €19,968 | €25,532 | +€5,564 | +27.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,368 | €6,932 | +€5,564 | +406.7% |
| Amounts payable | 17/49 | €54,504 | €56,387 | +€1,883 | +3.5% |
| Amounts payable within one year | 42/48 | €54,504 | €56,387 | +€1,883 | +3.5% |
| Trade debts | 44 | €8,870 | €1,399 | -€7,471 | -84.2% |
| Suppliers | 440/4 | €8,870 | €1,399 | -€7,471 | -84.2% |
| Taxes, remuneration and social security | 45 | €45,634 | €54,988 | +€9,354 | +20.5% |
| Taxes | 450/3 | €1,334 | €3,846 | +€2,512 | +188.3% |
| Remuneration and social security | 454/9 | €44,300 | €51,142 | +€6,842 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,887 | €3,473 | +€586 | +20.3% |
| Other operating charges | 640/8 | €2,425 | €105 | -€2,320 | -95.7% |
| Gross operating margin | 9900 | -€3,608 | €11,358 | +€14,966 | |
| Operating profit (loss) | 9901 | -€8,920 | €7,780 | +€16,700 | |
| Financial income | 75/76B | - | €417 | +€417 | |
| Recurring financial income | 75 | - | €417 | +€417 | |
| Financial charges | 65/66B | €190 | €204 | +€14 | +7.4% |
| Recurring financial charges | 65 | €190 | €204 | +€14 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,110 | €7,993 | +€17,103 | |
| Income taxes | 67/77 | - | €2,429 | +€2,429 | |
| Profit (loss) for the period | 9904 | -€9,110 | €5,564 | +€14,674 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,110 | €5,564 | +€14,674 |
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 10 October 2026 via checked.be.