MR SERVICES 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.
MR SERVICES PAPILLON
Largest movements
- Receivables within one year +€85,461
up €85,461 (+66.0%), from €129,391 to €214,852
of which Trade receivables: +€63,698
- Cash -€11,905
down €11,905 (-12.2%), from €97,398 to €85,494
mainly Receivables within one year (-€85,461) and Contributions, distributions and other (-€82,500)
- Deferred charges and accrued income -€9,146
down €9,146 (-90.9%), from €10,057 to €911
- Tangible fixed assets -€5,918
down €5,918 (-43.1%), from €13,743 to €7,825
of which Plant, machinery and equipment: -€3,031
- Other debts +€70,125
new in 2025: €70,125
- Trade debts +€32,016
up €32,016 (+47.7%), from €67,113 to €99,129
- Accrued charges and deferred income -€29,995
no longer reported in 2025 (was €29,995)
- Reserves -€6,116
down €6,116 (-3.4%), from €179,921 to €173,805
- Debts after one year -€4,928
down €4,928 (-53.9%), from €9,147 to €4,219
- Gross operating margin -€14,788
down €14,788 (-13.0%), from €113,832 to €99,044
- Write-downs -€13,352
down €13,352, from €10,124 to -€3,228
- Financial charges -€4,673
down €4,673 (-62.3%), from €7,496 to €2,822
of which Non-recurring financial charges: -€5,079
- Taxes +€2,707
up €2,707 (+17.0%), from €15,962 to €18,669
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 | €308,590 | €367,082 | +€58,492 | +19.0% |
| Fixed assets | 21/28 | €13,743 | €7,825 | -€5,918 | -43.1% |
| Tangible fixed assets | 22/27 | €13,743 | €7,825 | -€5,918 | -43.1% |
| Plant, machinery and equipment | 23 | €6,743 | €3,713 | -€3,031 | -44.9% |
| Furniture and vehicles | 24 | €7,000 | €4,112 | -€2,888 | -41.3% |
| Current assets | 29/58 | €294,847 | €359,257 | +€64,410 | +21.8% |
| Amounts receivable after more than one year | 29 | €58,000 | €58,000 | = | 0.0% |
| Other amounts receivable | 291 | €58,000 | €58,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €129,391 | €214,852 | +€85,461 | +66.0% |
| Trade receivables | 40 | €113,644 | €177,342 | +€63,698 | +56.1% |
| Other amounts receivable | 41 | €15,747 | €37,510 | +€21,763 | +138% |
| Cash at bank and in hand | 54/58 | €97,398 | €85,494 | -€11,905 | -12.2% |
| Deferred charges and accrued income | 490/1 | €10,057 | €911 | -€9,146 | -90.9% |
| Total equity and liabilities | 10/49 | €308,590 | €367,082 | +€58,492 | +19.0% |
| Equity | 10/15 | €182,421 | €176,305 | -€6,116 | -3.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €179,921 | €173,805 | -€6,116 | -3.4% |
| Distributable reserves | 133 | €179,921 | €173,805 | -€6,116 | -3.4% |
| Amounts payable | 17/49 | €126,169 | €190,776 | +€64,607 | +51.2% |
| Amounts payable after more than one year | 17 | €9,147 | €4,219 | -€4,928 | -53.9% |
| Financial debts | 170/4 | €9,147 | €4,219 | -€4,928 | -53.9% |
| Amounts payable within one year | 42/48 | €87,027 | €186,557 | +€99,530 | +114% |
| Current portion of amounts payable after more than one year | 42 | €4,785 | €4,928 | +€143 | +3.0% |
| Trade debts | 44 | €67,113 | €99,129 | +€32,016 | +47.7% |
| Suppliers | 440/4 | €67,113 | €99,129 | +€32,016 | +47.7% |
| Taxes, remuneration and social security | 45 | €15,129 | €12,375 | -€2,754 | -18.2% |
| Taxes | 450/3 | €15,129 | €12,375 | -€2,754 | -18.2% |
| Other amounts payable | 47/48 | - | €70,125 | +€70,125 | |
| Accrued charges and deferred income | 492/3 | €29,995 | - | -€29,995 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,794 | €5,918 | +€124 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,124 | -€3,228 | -€13,352 | |
| Other operating charges | 640/8 | - | €110 | +€110 | |
| Non-recurring operating charges | 66A | €5,019 | - | -€5,019 | |
| Gross operating margin | 9900 | €113,832 | €99,044 | -€14,788 | -13.0% |
| Operating profit (loss) | 9901 | €92,894 | €96,243 | +€3,349 | +3.6% |
| Financial income | 75/76B | €1,737 | €1,632 | -€104 | -6.0% |
| Recurring financial income | 75 | €1,737 | €1,632 | -€104 | -6.0% |
| Financial charges | 65/66B | €7,496 | €2,822 | -€4,673 | -62.3% |
| Recurring financial charges | 65 | €2,031 | €2,437 | +€405 | +20.0% |
| Non-recurring financial charges | 66B | €5,464 | €386 | -€5,079 | -92.9% |
| Profit (loss) for the period before taxes | 9903 | €87,135 | €95,053 | +€7,918 | +9.1% |
| Income taxes | 67/77 | €15,962 | €18,669 | +€2,707 | +17.0% |
| Profit (loss) for the period | 9904 | €71,173 | €76,384 | +€5,211 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,173 | €76,384 | +€5,211 | +7.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.