FONDATION PAPILLON: 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.
What changed
FONDATION PAPILLON
NACE 90.202, Performing arts by artistic ensembles
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€419,054
2023 · €47,881+€371,173
Equity
€2.9m
2023 · €2.5m+€419,054
Cash
€820,041
2023 · €790,580+€29,462
Balance sheet total
€3.2m
2023 · €2.7m+€446,352
Largest movements
Assets
- Current investments +€205,075
new in 2024: €205,075
- Receivables within one year +€128,923
up €128,923 (+72.7%), from €177,414 to €306,338
of which Trade receivables: +€127,639
- Tangible fixed assets +€94,801
up €94,801 (+5.5%), from €1.7m to €1.8m
of which Land and buildings: +€91,965
Equity and liabilities
- Profit (loss) carried forward +€419,054
up €419,054 (+16.7%), from €2.5m to €2.9m
Income statement
- Gross operating margin +€364,504
up €364,504 (+226.6%), from €160,858 to €525,362
- Other operating charges -€9,100
down €9,100 (-46.2%), from €19,678 to €10,578
- Staff costs +€5,829
up €5,829 (+10.8%), from €53,922 to €59,751
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.
Result 2023
€47,881
Gross operating margin
+€364,504
Staff costs
-€5,829
Depreciation
-€2,104
Other operating charges
+€9,100
Other operating items
-€182
Financial income
+€5,153
Financial charges
+€87
Taxes
+€443
Result 2024
€419,054
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.
From operations
+€379,207
Investment
-€349,745
Financing
€0
Cash 2023
€790,580
From operations (derived)
+€379,207
Net result for the year
+€419,054
Depreciation
+€42,190
Receivables within one year
-€128,923
Deferred charges and accrued income
+€19,588
Trade debts
+€7,848
Tax, wage and social debts
-€262
Other debts
-€3,217
Accrued charges and deferred income
+€22,929
Investment (derived)
-€349,745
Investment in fixed assets (net)
-€144,670
Current investments
-€205,075
Cash 2024
€820,041
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,730,771 | €3,177,123 | +€446,352 | +16.3% |
| Fixed assets | 21/28 | €1,724,400 | €1,826,879 | +€102,480 | +5.9% |
| Intangible fixed assets | 21 | €586 | €8,265 | +€7,679 | +1309.5% |
| Tangible fixed assets | 22/27 | €1,723,623 | €1,818,424 | +€94,801 | +5.5% |
| Land and buildings | 22 | €1,711,585 | €1,803,550 | +€91,965 | +5.4% |
| Furniture and vehicles | 24 | €1,754 | €6,021 | +€4,266 | +243.2% |
| Other tangible fixed assets | 26 | €10,284 | €8,853 | -€1,431 | -13.9% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €1,006,371 | €1,350,243 | +€343,872 | +34.2% |
| Amounts receivable within one year | 40/41 | €177,414 | €306,338 | +€128,923 | +72.7% |
| Trade receivables | 40 | €174,965 | €302,605 | +€127,639 | +73.0% |
| Other amounts receivable | 41 | €2,449 | €3,733 | +€1,284 | +52.4% |
| Current investments | 50/53 | - | €205,075 | +€205,075 | |
| Cash at bank and in hand | 54/58 | €790,580 | €820,041 | +€29,462 | +3.7% |
| Deferred charges and accrued income | 490/1 | €38,377 | €18,789 | -€19,588 | -51.0% |
| Total equity and liabilities | 10/49 | €2,730,771 | €3,177,123 | +€446,352 | +16.3% |
| Equity | 10/15 | €2,515,551 | €2,934,605 | +€419,054 | +16.7% |
| Profit (loss) carried forward | 14 | €2,515,551 | €2,934,605 | +€419,054 | +16.7% |
| Amounts payable | 17/49 | €215,219 | €242,517 | +€27,298 | +12.7% |
| Amounts payable within one year | 42/48 | €185,743 | €190,112 | +€4,369 | +2.4% |
| Trade debts | 44 | €142,274 | €150,121 | +€7,848 | +5.5% |
| Suppliers | 440/4 | €142,274 | €150,121 | +€7,848 | +5.5% |
| Taxes, remuneration and social security | 45 | €40,252 | €39,990 | -€262 | -0.6% |
| Taxes | 450/3 | €33,288 | €31,359 | -€1,929 | -5.8% |
| Remuneration and social security | 454/9 | €6,964 | €8,631 | +€1,667 | +23.9% |
| Other amounts payable | 47/48 | €3,217 | - | -€3,217 | |
| Accrued charges and deferred income | 492/3 | €29,476 | €52,406 | +€22,929 | +77.8% |
| Non-recurring operating income | 76A | - | €6,061 | +€6,061 | |
| Remuneration, social security and pensions | 62 | €53,922 | €59,751 | +€5,829 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,086 | €42,190 | +€2,104 | +5.2% |
| Other operating charges | 640/8 | €19,678 | €10,578 | -€9,100 | -46.2% |
| Non-recurring operating charges | 66A | - | €182 | +€182 | |
| Gross operating margin | 9900 | €160,858 | €525,362 | +€364,504 | +226.6% |
| Operating profit (loss) | 9901 | €47,172 | €412,662 | +€365,489 | +774.8% |
| Financial income | 75/76B | €1,972 | €7,125 | +€5,153 | +261.3% |
| Recurring financial income | 75 | €1,972 | €7,125 | +€5,153 | +261.3% |
| Financial charges | 65/66B | €820 | €733 | -€87 | -10.6% |
| Recurring financial charges | 65 | €820 | €733 | -€87 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €48,324 | €419,054 | +€370,730 | +767.2% |
| Income taxes | 67/77 | €443 | - | -€443 | |
| Profit (loss) for the period | 9904 | €47,881 | €419,054 | +€371,173 | +775.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,881 | €419,054 | +€371,173 | +775.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.