PAPAGAYE: 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.
PAPAGAYE
Largest movements
- Tangible fixed assets -€47,503
down €47,503 (-16.6%), from €286,225 to €238,722
- Receivables within one year +€34,453
up €34,453 (+86.6%), from €39,798 to €74,251
- Deferred charges and accrued income +€7,000
new in 2025: €7,000
- Cash +€6,416
up €6,416 (+27.2%), from €23,620 to €30,036
mainly Depreciation (+€62,978) and Tax, wage and social debts (+€21,655)
- Tax, wage and social debts +€21,655
up €21,655 (+42.5%), from €50,964 to €72,619
of which Remuneration and social security: +€14,916
- Trade debts -€12,740
down €12,740 (-34.0%), from €37,446 to €24,706
- Debts after one year -€11,528
down €11,528 (-12.1%), from €94,969 to €83,441
- Profit (loss) carried forward -€8,115
down €8,115 (-2.3%), from -€357,330 to -€365,445
- Other debts +€8,047
up €8,047 (+1.5%), from €547,560 to €555,607
- Gross operating margin +€61,344
up €61,344 (+19.2%), from €320,188 to €381,532
- Staff costs +€43,991
up €43,991 (+16.4%), from €268,911 to €312,902
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.
Cash bridge derived
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 | €389,641 | €390,617 | +€976 | +0.3% |
| Fixed assets | 21/28 | €286,741 | €239,079 | -€47,662 | -16.6% |
| Intangible fixed assets | 21 | €516 | €356 | -€160 | -30.9% |
| Tangible fixed assets | 22/27 | €286,225 | €238,722 | -€47,503 | -16.6% |
| Plant, machinery and equipment | 23 | €35,724 | €23,381 | -€12,343 | -34.6% |
| Furniture and vehicles | 24 | €76,940 | €58,462 | -€18,478 | -24.0% |
| Other tangible fixed assets | 26 | €173,561 | €156,879 | -€16,682 | -9.6% |
| Current assets | 29/58 | €102,900 | €151,539 | +€48,639 | +47.3% |
| Stocks and contracts in progress | 3 | €39,482 | €40,251 | +€769 | +1.9% |
| Stocks | 30/36 | €39,482 | €40,251 | +€769 | +1.9% |
| Amounts receivable within one year | 40/41 | €39,798 | €74,251 | +€34,453 | +86.6% |
| Trade receivables | 40 | €39,798 | €74,251 | +€34,453 | +86.6% |
| Cash at bank and in hand | 54/58 | €23,620 | €30,036 | +€6,416 | +27.2% |
| Deferred charges and accrued income | 490/1 | - | €7,000 | +€7,000 | |
| Total equity and liabilities | 10/49 | €389,641 | €390,617 | +€976 | +0.3% |
| Equity | 10/15 | -€352,330 | -€360,445 | -€8,115 | -2.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€357,330 | -€365,445 | -€8,115 | -2.3% |
| Amounts payable | 17/49 | €741,971 | €751,062 | +€9,091 | +1.2% |
| Amounts payable after more than one year | 17 | €94,969 | €83,441 | -€11,528 | -12.1% |
| Financial debts | 170/4 | €94,969 | €83,441 | -€11,528 | -12.1% |
| Amounts payable within one year | 42/48 | €647,002 | €667,621 | +€20,619 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €11,032 | €14,689 | +€3,657 | +33.1% |
| Trade debts | 44 | €37,446 | €24,706 | -€12,740 | -34.0% |
| Suppliers | 440/4 | €37,446 | €24,706 | -€12,740 | -34.0% |
| Taxes, remuneration and social security | 45 | €50,964 | €72,619 | +€21,655 | +42.5% |
| Taxes | 450/3 | €10,006 | €16,745 | +€6,739 | +67.3% |
| Remuneration and social security | 454/9 | €40,958 | €55,874 | +€14,916 | +36.4% |
| Other amounts payable | 47/48 | €547,560 | €555,607 | +€8,047 | +1.5% |
| Remuneration, social security and pensions | 62 | €268,911 | €312,902 | +€43,991 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,094 | €62,978 | +€1,884 | +3.1% |
| Other operating charges | 640/8 | €6,277 | €4,075 | -€2,202 | -35.1% |
| Gross operating margin | 9900 | €320,188 | €381,532 | +€61,344 | +19.2% |
| Operating profit (loss) | 9901 | -€16,094 | €1,577 | +€17,671 | |
| Financial income | 75/76B | €129 | €45 | -€84 | -65.3% |
| Recurring financial income | 75 | €129 | €45 | -€84 | -65.3% |
| Financial charges | 65/66B | €10,228 | €9,737 | -€491 | -4.8% |
| Recurring financial charges | 65 | €10,228 | €9,737 | -€491 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,193 | -€8,115 | +€18,078 | +69.0% |
| Profit (loss) for the period | 9904 | -€26,193 | -€8,115 | +€18,078 | +69.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,193 | -€8,115 | +€18,078 | +69.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.