PAPS: 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.
PAPS
Largest movements
- Tangible fixed assets +€4,825
new in 2024: €4,825
of which Furniture and vehicles: +€3,482
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€2,435
up €2,435 (+737.3%), from €330 to €2,765
- Gross operating margin +€1,127
up €1,127 (+20.5%), from €5,503 to €6,630
- Other operating charges -€628
down €628 (-25.1%), from €2,504 to €1,875
- Taxes -€329
down €329 (-16.4%), from €2,010 to €1,681
- Financial income +€227
up €227 (+655.0%), from €35 to €261
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.
Cash bridge derived
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 | €416,134 | €415,790 | -€344 | -0.1% |
| Fixed assets | 21/28 | - | €4,825 | +€4,825 | |
| Tangible fixed assets | 22/27 | - | €4,825 | +€4,825 | |
| Plant, machinery and equipment | 23 | - | €1,342 | +€1,342 | |
| Furniture and vehicles | 24 | - | €3,482 | +€3,482 | |
| Current assets | 29/58 | €416,134 | €410,965 | -€5,169 | -1.2% |
| Amounts receivable after more than one year | 29 | €351,889 | €351,889 | = | 0.0% |
| Other amounts receivable | 291 | €351,889 | €351,889 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,558 | €21,400 | -€3,158 | -12.9% |
| Trade receivables | 40 | €22,558 | €19,400 | -€3,158 | -14.0% |
| Other amounts receivable | 41 | €2,000 | €2,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,687 | €37,675 | -€2,011 | -5.1% |
| Total equity and liabilities | 10/49 | €416,134 | €415,790 | -€344 | -0.1% |
| Equity | 10/15 | €336,358 | €336,379 | +€20 | 0.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €330,161 | €330,182 | +€20 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,504 | €5,504 | = | 0.0% |
| Distributable reserves | 133 | €322,798 | €322,818 | +€20 | 0.0% |
| Amounts payable | 17/49 | €79,775 | €79,411 | -€365 | -0.5% |
| Amounts payable within one year | 42/48 | €79,775 | €79,411 | -€365 | -0.5% |
| Trade debts | 44 | €2,721 | €4,201 | +€1,480 | +54.4% |
| Suppliers | 440/4 | €2,721 | €4,201 | +€1,480 | +54.4% |
| Taxes, remuneration and social security | 45 | €3,650 | €3,650 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,650 | €3,650 | = | 0.0% |
| Other amounts payable | 47/48 | €73,404 | €71,560 | -€1,844 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €539 | €549 | +€10 | +1.8% |
| Other operating charges | 640/8 | €2,504 | €1,875 | -€628 | -25.1% |
| Gross operating margin | 9900 | €5,503 | €6,630 | +€1,127 | +20.5% |
| Operating profit (loss) | 9901 | €2,460 | €4,206 | +€1,745 | +70.9% |
| Financial income | 75/76B | €35 | €261 | +€227 | +655.0% |
| Recurring financial income | 75 | €35 | €261 | +€227 | +655.0% |
| Financial charges | 65/66B | €330 | €2,765 | +€2,435 | +737.3% |
| Recurring financial charges | 65 | €330 | €2,765 | +€2,435 | +737.3% |
| Profit (loss) for the period before taxes | 9903 | €2,165 | €1,701 | -€463 | -21.4% |
| Income taxes | 67/77 | €2,010 | €1,681 | -€329 | -16.4% |
| Profit (loss) for the period | 9904 | €154 | €20 | -€134 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €154 | €20 | -€134 | -86.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.