PAPILLOT C.S.: what changed
What changed
PAPILLOT C.S.
NACE 56.112, Limited-service restaurants, excluding mobile food services
filed annual accounts (NBB)
Net result for the year
€52,247
2024 · €46,466+€5,781
Equity
€170,182
2024 · €196,535-€26,353
Cash
€5,329
2024 · €14,619-€9,291
Balance sheet total
€652,348
2024 · €707,938-€55,590
Largest movements
Assets
- Receivables within one year -€27,550
down €27,550 (-6.2%), from €445,576 to €418,026
of which Other amounts receivable: -€15,452
- Tangible fixed assets -€16,253
down €16,253 (-8.4%), from €193,227 to €176,975
- Cash -€9,291
down €9,291 (-63.6%), from €14,619 to €5,329
mainly Contributions, distributions and other (-€78,600) and Debts after one year (-€29,704)
Equity and liabilities
- Debts after one year -€29,704
down €29,704 (-27.0%), from €109,956 to €80,251
- Profit (loss) carried forward -€22,593
down €22,593 (-48.3%), from €46,785 to €24,192
Income statement
- Gross operating margin +€23,147
up €23,147 (+4.1%), from €565,416 to €588,563
- Staff costs +€9,045
up €9,045 (+2.0%), from €453,750 to €462,794
- Taxes +€7,334
up €7,334 (+32.3%), from €22,699 to €30,033
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€46,466
Gross operating margin
+€23,147
Staff costs
-€9,045
Depreciation
-€3,999
Other operating charges
+€3,325
Financial income
-€849
Financial charges
+€536
Taxes
-€7,334
Result 2025
€52,247
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€110,996
Investment
-€6,868
Financing
-€113,418
Cash 2024
€14,619
From operations (derived)
+€110,996
Net result for the year
+€52,247
Depreciation
+€23,120
Receivables after one year
+€3,600
Stocks and contracts
-€1,596
Receivables within one year
+€27,550
Deferred charges and accrued income
+€492
Trade debts
+€4,964
Tax, wage and social debts
+€618
Investment (derived)
-€6,868
Investment in fixed assets (net)
-€6,868
Financing
-€113,418
Debts after one year
-€29,704
Current portion of long-term debt
-€6,726
Short-term financial debts
+€1,612
Contributions, distributions and other
-€78,600
Cash 2025
€5,329
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €707,938 | €652,348 | -€55,590 | -7.9% |
| Fixed assets | 21/28 | €193,227 | €176,975 | -€16,253 | -8.4% |
| Tangible fixed assets | 22/27 | €193,227 | €176,975 | -€16,253 | -8.4% |
| Land and buildings | 22 | €121,001 | €116,601 | -€4,400 | -3.6% |
| Plant, machinery and equipment | 23 | €8,055 | €7,569 | -€486 | -6.0% |
| Furniture and vehicles | 24 | €41,854 | €35,086 | -€6,768 | -16.2% |
| Other tangible fixed assets | 26 | €22,317 | €17,718 | -€4,599 | -20.6% |
| Current assets | 29/58 | €514,710 | €475,373 | -€39,337 | -7.6% |
| Amounts receivable after more than one year | 29 | €29,200 | €25,600 | -€3,600 | -12.3% |
| Other amounts receivable | 291 | €29,200 | €25,600 | -€3,600 | -12.3% |
| Stocks and contracts in progress | 3 | €20,000 | €21,596 | +€1,596 | +8.0% |
| Stocks | 30/36 | €20,000 | €21,596 | +€1,596 | +8.0% |
| Amounts receivable within one year | 40/41 | €445,576 | €418,026 | -€27,550 | -6.2% |
| Trade receivables | 40 | €260,769 | €248,671 | -€12,098 | -4.6% |
| Other amounts receivable | 41 | €184,807 | €169,355 | -€15,452 | -8.4% |
| Cash at bank and in hand | 54/58 | €14,619 | €5,329 | -€9,291 | -63.6% |
| Deferred charges and accrued income | 490/1 | €5,315 | €4,823 | -€492 | -9.3% |
| Total equity and liabilities | 10/49 | €707,938 | €652,348 | -€55,590 | -7.9% |
| Equity | 10/15 | €196,535 | €170,182 | -€26,353 | -13.4% |
| Contributions | 10/11 | €17,500 | €17,500 | = | 0.0% |
| Reserves | 13 | €132,250 | €128,490 | -€3,760 | -2.8% |
| Distributable reserves | 133 | €132,250 | €128,490 | -€3,760 | -2.8% |
| Profit (loss) carried forward | 14 | €46,785 | €24,192 | -€22,593 | -48.3% |
| Amounts payable | 17/49 | €511,402 | €482,166 | -€29,236 | -5.7% |
| Amounts payable after more than one year | 17 | €109,956 | €80,251 | -€29,704 | -27.0% |
| Financial debts | 170/4 | €109,956 | €80,251 | -€29,704 | -27.0% |
| Amounts payable within one year | 42/48 | €401,446 | €401,914 | +€468 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €36,430 | €29,704 | -€6,726 | -18.5% |
| Financial debts | 43 | €32,934 | €34,546 | +€1,612 | +4.9% |
| Credit institutions | 430/8 | €32,934 | €24,546 | -€8,388 | -25.5% |
| Other loans | 439 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €206,704 | €211,667 | +€4,964 | +2.4% |
| Suppliers | 440/4 | €206,704 | €211,667 | +€4,964 | +2.4% |
| Taxes, remuneration and social security | 45 | €125,379 | €125,997 | +€618 | +0.5% |
| Taxes | 450/3 | €53,402 | €32,559 | -€20,843 | -39.0% |
| Remuneration and social security | 454/9 | €71,977 | €93,438 | +€21,461 | +29.8% |
| Remuneration, social security and pensions | 62 | €453,750 | €462,794 | +€9,045 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,121 | €23,120 | +€3,999 | +20.9% |
| Other operating charges | 640/8 | €12,117 | €8,791 | -€3,325 | -27.4% |
| Gross operating margin | 9900 | €565,416 | €588,563 | +€23,147 | +4.1% |
| Operating profit (loss) | 9901 | €80,428 | €93,857 | +€13,429 | +16.7% |
| Financial income | 75/76B | €7,670 | €6,822 | -€849 | -11.1% |
| Recurring financial income | 75 | €7,670 | €6,822 | -€849 | -11.1% |
| Financial charges | 65/66B | €18,934 | €18,398 | -€536 | -2.8% |
| Recurring financial charges | 65 | €18,934 | €18,398 | -€536 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €69,165 | €82,280 | +€13,115 | +19.0% |
| Income taxes | 67/77 | €22,699 | €30,033 | +€7,334 | +32.3% |
| Profit (loss) for the period | 9904 | €46,466 | €52,247 | +€5,781 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,466 | €52,247 | +€5,781 | +12.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.