Papotes: 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.
Papotes
Largest movements
- Receivables within one year +€52,298
up €52,298 (+191%), from €27,330 to €79,629
of which Other amounts receivable: +€50,711
- Cash -€4,029
down €4,029 (-2.1%), from €187,866 to €183,837
mainly Contributions, distributions and other (-€242,791) and Receivables within one year (-€52,298)
- Other debts +€242,791
new in 2025: €242,791
- Profit (loss) carried forward -€164,223
no longer reported in 2025 (was €164,223)
- Tax, wage and social debts -€35,318
down €35,318 (-68.8%), from €51,325 to €16,007
- Trade debts +€4,549
up €4,549 (+612%), from €743 to €5,292
- Gross operating margin +€11,533
up €11,533 (+12.3%), from €93,574 to €105,107
- Other operating charges -€1,124
no longer reported in 2025 (was €1,124)
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.
Derived cash bridge
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 | €218,291 | €266,090 | +€47,799 | +21.9% |
| Fixed assets | 21/28 | €3,095 | €2,074 | -€1,021 | -33.0% |
| Tangible fixed assets | 22/27 | €3,095 | €2,074 | -€1,021 | -33.0% |
| Plant, machinery and equipment | 23 | €3,095 | €2,074 | -€1,021 | -33.0% |
| Current assets | 29/58 | €215,196 | €264,016 | +€48,820 | +22.7% |
| Amounts receivable within one year | 40/41 | €27,330 | €79,629 | +€52,298 | +191% |
| Trade receivables | 40 | €7,366 | €8,954 | +€1,587 | +21.5% |
| Other amounts receivable | 41 | €19,964 | €70,675 | +€50,711 | +254% |
| Cash at bank and in hand | 54/58 | €187,866 | €183,837 | -€4,029 | -2.1% |
| Deferred charges and accrued income | 490/1 | - | €550 | +€550 | |
| Total equity and liabilities | 10/49 | €218,291 | €266,090 | +€47,799 | +21.9% |
| Equity | 10/15 | €166,223 | €2,000 | -€164,223 | -98.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,223 | - | -€164,223 | |
| Amounts payable | 17/49 | €52,068 | €264,090 | +€212,022 | +407% |
| Amounts payable within one year | 42/48 | €52,068 | €264,090 | +€212,022 | +407% |
| Trade debts | 44 | €743 | €5,292 | +€4,549 | +612% |
| Suppliers | 440/4 | €743 | €5,292 | +€4,549 | +612% |
| Taxes, remuneration and social security | 45 | €51,325 | €16,007 | -€35,318 | -68.8% |
| Taxes | 450/3 | €51,325 | €16,007 | -€35,318 | -68.8% |
| Other amounts payable | 47/48 | - | €242,791 | +€242,791 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,400 | €1,629 | +€229 | +16.3% |
| Other operating charges | 640/8 | €1,124 | - | -€1,124 | |
| Gross operating margin | 9900 | €93,574 | €105,107 | +€11,533 | +12.3% |
| Operating profit (loss) | 9901 | €91,050 | €103,478 | +€12,428 | +13.6% |
| Financial income | 75/76B | €65 | €253 | +€188 | +287% |
| Recurring financial income | 75 | €65 | €253 | +€188 | +287% |
| Non-recurring financial income | 76B | €65 | €253 | +€188 | +287% |
| Financial charges | 65/66B | €348 | €754 | +€405 | +116% |
| Recurring financial charges | 65 | €337 | €727 | +€390 | +116% |
| Non-recurring financial charges | 66B | €12 | €27 | +€15 | +123% |
| Profit (loss) for the period before taxes | 9903 | €90,767 | €102,977 | +€12,211 | +13.5% |
| Income taxes | 67/77 | €25,170 | €24,409 | -€761 | -3.0% |
| Profit (loss) for the period | 9904 | €65,596 | €78,568 | +€12,972 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,596 | €78,568 | +€12,972 | +19.8% |
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 14 October 2026 via checked.be.