Papegoai: 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.
Papegoai
Largest movements
- Cash +€16,497
up €16,497 (+35.1%), from €47,034 to €63,530
mainly Net result for the year (+€42,394) and Other debts (+€1,487)
- Receivables within one year +€16,034
up €16,034 (+75.5%), from €21,234 to €37,268
of which Trade receivables: +€27,286
- Deferred charges and accrued income +€1,330
new in 2025: €1,330
- Reserves +€42,394
up €42,394 (+121%), from €35,043 to €77,437
- Tax, wage and social debts -€11,291
down €11,291 (-36.8%), from €30,698 to €19,407
of which Remuneration and social security: -€13,601
- Other debts +€1,487
new in 2025: €1,487
- Trade debts +€1,271
up €1,271 (+4,761%), from €27 to €1,298
- Gross operating margin +€10,260
up €10,260 (+23.1%), from €44,337 to €54,597
- Taxes +€1,768
up €1,768 (+19.6%), from €9,000 to €10,768
- Other operating charges +€980
new in 2025: €980
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 | €68,267 | €102,128 | +€33,860 | +49.6% |
| Current assets | 29/58 | €68,267 | €102,128 | +€33,860 | +49.6% |
| Amounts receivable within one year | 40/41 | €21,234 | €37,268 | +€16,034 | +75.5% |
| Trade receivables | 40 | €9,983 | €37,268 | +€27,286 | +273% |
| Other amounts receivable | 41 | €11,251 | €0 | -€11,251 | -100% |
| Cash at bank and in hand | 54/58 | €47,034 | €63,530 | +€16,497 | +35.1% |
| Deferred charges and accrued income | 490/1 | - | €1,330 | +€1,330 | |
| Total equity and liabilities | 10/49 | €68,267 | €102,128 | +€33,860 | +49.6% |
| Equity | 10/15 | €37,543 | €79,937 | +€42,394 | +113% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €35,043 | €77,437 | +€42,394 | +121% |
| Distributable reserves | 133 | €35,043 | €77,437 | +€42,394 | +121% |
| Amounts payable | 17/49 | €30,724 | €22,191 | -€8,533 | -27.8% |
| Amounts payable within one year | 42/48 | €30,724 | €22,191 | -€8,533 | -27.8% |
| Trade debts | 44 | €27 | €1,298 | +€1,271 | +4,761% |
| Suppliers | 440/4 | €27 | €1,298 | +€1,271 | +4,761% |
| Taxes, remuneration and social security | 45 | €30,698 | €19,407 | -€11,291 | -36.8% |
| Taxes | 450/3 | €17,097 | €19,407 | +€2,310 | +13.5% |
| Remuneration and social security | 454/9 | €13,601 | €0 | -€13,601 | -100% |
| Other amounts payable | 47/48 | - | €1,487 | +€1,487 | |
| Other operating charges | 640/8 | - | €980 | +€980 | |
| Gross operating margin | 9900 | €44,337 | €54,597 | +€10,260 | +23.1% |
| Operating profit (loss) | 9901 | €44,337 | €53,617 | +€9,280 | +20.9% |
| Financial charges | 65/66B | €294 | €455 | +€161 | +54.9% |
| Recurring financial charges | 65 | €294 | €455 | +€161 | +54.9% |
| Profit (loss) for the period before taxes | 9903 | €44,043 | €53,161 | +€9,118 | +20.7% |
| Income taxes | 67/77 | €9,000 | €10,768 | +€1,768 | +19.6% |
| Profit (loss) for the period | 9904 | €35,043 | €42,394 | +€7,351 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,043 | €42,394 | +€7,351 | +21.0% |
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 30 October 2026 via checked.be.