L'Envolée du 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.
L'Envolée du Papillon
Largest movements
- Cash +€4,498
up €4,498 (+24.5%), from €18,331 to €22,828
mainly Net result for the year (+€4,344) and Trade debts (+€3,313)
- Receivables within one year +€1,741
up €1,741 (+33.6%), from €5,174 to €6,915
of which Trade receivables: +€1,718
- Deferred charges and accrued income +€362
up €362 (+208%), from €174 to €537
- Profit (loss) carried forward +€4,344
up €4,344 (+79.5%), from €5,467 to €9,812
- Trade debts +€3,313
up €3,313 (+354%), from €936 to €4,249
- Advances received -€2,003
down €2,003 (-38.6%), from €5,192 to €3,189
- Tax, wage and social debts +€768
up €768 (+13.4%), from €5,743 to €6,510
- Gross operating margin +€4,505
up €4,505 (+72.2%), from €6,241 to €10,746
- Taxes +€1,031
up €1,031 (+103%), from €1,003 to €2,034
- Depreciation +€416
up €416 (+56.6%), from €735 to €1,151
- Other operating charges +€360
up €360 (+91.0%), from €395 to €755
- Financial charges -€236
down €236 (-20.0%), from €1,181 to €945
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 | €27,062 | €33,649 | +€6,588 | +24.3% |
| Fixed assets | 21/28 | €3,382 | €3,369 | -€13 | -0.4% |
| Tangible fixed assets | 22/27 | €3,382 | €3,369 | -€13 | -0.4% |
| Land and buildings | 22 | €1,243 | €1,143 | -€100 | -8.0% |
| Plant, machinery and equipment | 23 | €253 | €119 | -€133 | -52.7% |
| Furniture and vehicles | 24 | €1,886 | €2,107 | +€220 | +11.7% |
| Current assets | 29/58 | €23,679 | €30,280 | +€6,601 | +27.9% |
| Amounts receivable within one year | 40/41 | €5,174 | €6,915 | +€1,741 | +33.6% |
| Trade receivables | 40 | €5,174 | €6,892 | +€1,718 | +33.2% |
| Other amounts receivable | 41 | €0 | €23 | +€23 | |
| Cash at bank and in hand | 54/58 | €18,331 | €22,828 | +€4,498 | +24.5% |
| Deferred charges and accrued income | 490/1 | €174 | €537 | +€362 | +208% |
| Total equity and liabilities | 10/49 | €27,062 | €33,649 | +€6,588 | +24.3% |
| Equity | 10/15 | €7,467 | €11,812 | +€4,344 | +58.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,467 | €9,812 | +€4,344 | +79.5% |
| Amounts payable | 17/49 | €19,594 | €21,838 | +€2,244 | +11.5% |
| Amounts payable within one year | 42/48 | €19,594 | €21,838 | +€2,244 | +11.5% |
| Trade debts | 44 | €936 | €4,249 | +€3,313 | +354% |
| Suppliers | 440/4 | €936 | €4,249 | +€3,313 | +354% |
| Advances received on contracts in progress | 46 | €5,192 | €3,189 | -€2,003 | -38.6% |
| Taxes, remuneration and social security | 45 | €5,743 | €6,510 | +€768 | +13.4% |
| Taxes | 450/3 | €5,743 | €6,510 | +€768 | +13.4% |
| Other amounts payable | 47/48 | €7,723 | €7,889 | +€166 | +2.2% |
| Remuneration, social security and pensions | 62 | €1,520 | €1,520 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €735 | €1,151 | +€416 | +56.6% |
| Other operating charges | 640/8 | €395 | €755 | +€360 | +91.0% |
| Gross operating margin | 9900 | €6,241 | €10,746 | +€4,505 | +72.2% |
| Operating profit (loss) | 9901 | €3,591 | €7,320 | +€3,729 | +104% |
| Financial income | 75/76B | €14 | €3 | -€11 | -79.3% |
| Recurring financial income | 75 | €14 | €3 | -€11 | -79.3% |
| Financial charges | 65/66B | €1,181 | €945 | -€236 | -20.0% |
| Recurring financial charges | 65 | €1,181 | €945 | -€236 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €2,424 | €6,378 | +€3,954 | +163% |
| Income taxes | 67/77 | €1,003 | €2,034 | +€1,031 | +103% |
| Profit (loss) for the period | 9904 | €1,422 | €4,344 | +€2,923 | +206% |
| Profit (loss) for the period to be appropriated | 9905 | €1,422 | €4,344 | +€2,923 | +206% |
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 24 October 2026 via checked.be.