SLAGERIJ PAPPIJN: 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.
SLAGERIJ PAPPIJN
Largest movements
- Cash +€89,097
up €89,097 (+38.2%), from €233,398 to €322,495
mainly Net result for the year (+€133,472) and Depreciation (+€38,631)
- Tangible fixed assets +€42,833
up €42,833 (+15.4%), from €278,816 to €321,649
of which Other tangible fixed assets: +€72,265
- Reserves +€133,472
up €133,472 (+115%), from €116,085 to €249,557
- Tax, wage and social debts +€32,151
up €32,151 (+155%), from €20,686 to €52,837
of which Taxes: +€32,088
- Trade debts -€27,313
down €27,313 (-26.4%), from €103,534 to €76,221
- Debts after one year -€21,404
down €21,404 (-9.2%), from €231,720 to €210,316
- Accrued charges and deferred income +€8,181
up €8,181 (+50.2%), from €16,292 to €24,473
- Gross operating margin +€43,194
up €43,194 (+19.7%), from €219,109 to €262,303
- Staff costs +€16,130
up €16,130 (+58.2%), from €27,718 to €43,848
- Depreciation +€5,857
up €5,857 (+17.9%), from €32,774 to €38,631
- Financial charges +€3,778
up €3,778 (+54.0%), from €6,990 to €10,768
- Taxes +€3,451
up €3,451 (+10.7%), from €32,240 to €35,691
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 | €589,589 | €719,827 | +€130,238 | +22.1% |
| Fixed assets | 21/28 | €324,226 | €362,059 | +€37,833 | +11.7% |
| Intangible fixed assets | 21 | €45,410 | €40,410 | -€5,000 | -11.0% |
| Tangible fixed assets | 22/27 | €278,816 | €321,649 | +€42,833 | +15.4% |
| Plant, machinery and equipment | 23 | €278,816 | €249,384 | -€29,433 | -10.6% |
| Other tangible fixed assets | 26 | - | €72,265 | +€72,265 | |
| Current assets | 29/58 | €265,362 | €357,768 | +€92,406 | +34.8% |
| Amounts receivable within one year | 40/41 | €29,347 | €32,797 | +€3,450 | +11.8% |
| Trade receivables | 40 | €25,745 | €32,797 | +€7,051 | +27.4% |
| Other amounts receivable | 41 | €3,601 | €0 | -€3,601 | -100% |
| Cash at bank and in hand | 54/58 | €233,398 | €322,495 | +€89,097 | +38.2% |
| Deferred charges and accrued income | 490/1 | €2,618 | €2,477 | -€141 | -5.4% |
| Total equity and liabilities | 10/49 | €589,589 | €719,827 | +€130,238 | +22.1% |
| Equity | 10/15 | €119,085 | €252,557 | +€133,472 | +112% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €116,085 | €249,557 | +€133,472 | +115% |
| Distributable reserves | 133 | €116,085 | €249,557 | +€133,472 | +115% |
| Amounts payable | 17/49 | €470,503 | €467,270 | -€3,233 | -0.7% |
| Amounts payable after more than one year | 17 | €231,720 | €210,316 | -€21,404 | -9.2% |
| Financial debts | 170/4 | €231,720 | €210,316 | -€21,404 | -9.2% |
| Amounts payable within one year | 42/48 | €222,491 | €232,480 | +€9,990 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €21,155 | €21,404 | +€249 | +1.2% |
| Trade debts | 44 | €103,534 | €76,221 | -€27,313 | -26.4% |
| Suppliers | 440/4 | €103,534 | €76,221 | -€27,313 | -26.4% |
| Taxes, remuneration and social security | 45 | €20,686 | €52,837 | +€32,151 | +155% |
| Taxes | 450/3 | €3,701 | €35,788 | +€32,088 | +867% |
| Remuneration and social security | 454/9 | €16,985 | €17,048 | +€63 | +0.4% |
| Other amounts payable | 47/48 | €77,115 | €82,019 | +€4,903 | +6.4% |
| Accrued charges and deferred income | 492/3 | €16,292 | €24,473 | +€8,181 | +50.2% |
| Remuneration, social security and pensions | 62 | €27,718 | €43,848 | +€16,130 | +58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,774 | €38,631 | +€5,857 | +17.9% |
| Other operating charges | 640/8 | €3,402 | €528 | -€2,874 | -84.5% |
| Gross operating margin | 9900 | €219,109 | €262,303 | +€43,194 | +19.7% |
| Operating profit (loss) | 9901 | €155,216 | €179,297 | +€24,081 | +15.5% |
| Financial income | 75/76B | €99 | €633 | +€534 | +539% |
| Recurring financial income | 75 | €99 | €633 | +€534 | +539% |
| Financial charges | 65/66B | €6,990 | €10,768 | +€3,778 | +54.0% |
| Recurring financial charges | 65 | €6,990 | €10,768 | +€3,778 | +54.0% |
| Profit (loss) for the period before taxes | 9903 | €148,325 | €169,162 | +€20,837 | +14.0% |
| Income taxes | 67/77 | €32,240 | €35,691 | +€3,451 | +10.7% |
| Profit (loss) for the period | 9904 | €116,085 | €133,472 | +€17,386 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €116,085 | €133,472 | +€17,386 | +15.0% |
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 27 October 2026 via checked.be.