PAPILLON KINROOI: 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.
PAPILLON KINROOI
Largest movements
- Receivables within one year +€262,242
up €262,242 (+433%), from €60,525 to €322,767
of which Trade receivables: +€258,631
- Cash +€139,864
up €139,864 (+339%), from €41,277 to €181,142
mainly Advances received (+€180,265) and Other debts (+€89,310)
- Tangible fixed assets -€33,528
down €33,528 (-13.8%), from €243,612 to €210,084
of which Plant, machinery and equipment: -€22,297
- Advances received +€180,265
up €180,265 (+480%), from €37,542 to €217,807
- Other debts +€89,310
up €89,310 (+99.7%), from €89,557 to €178,866
- Trade debts +€70,173
up €70,173 (+199%), from €35,214 to €105,387
- Profit (loss) carried forward +€41,238
up €41,238 (+55,765%), from €74 to €41,312
- Debts after one year -€39,371
down €39,371 (-28.6%), from €137,899 to €98,528
- Gross operating margin +€50,722
up €50,722 (+33.9%), from €149,767 to €200,489
- Depreciation +€11,771
up €11,771 (+18.3%), from €64,467 to €76,238
- Staff costs -€11,251
down €11,251 (-18.5%), from €60,979 to €49,728
- Taxes +€10,343
up €10,343 (+2,043%), from €506 to €10,849
- Other operating charges +€4,467
up €4,467 (+37.0%), from €12,063 to €16,530
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 | €670,708 | €1,040,377 | +€369,669 | +55.1% |
| Fixed assets | 21/28 | €243,612 | €210,084 | -€33,528 | -13.8% |
| Tangible fixed assets | 22/27 | €243,612 | €210,084 | -€33,528 | -13.8% |
| Land and buildings | 22 | €175,238 | €167,893 | -€7,344 | -4.2% |
| Plant, machinery and equipment | 23 | €60,547 | €38,250 | -€22,297 | -36.8% |
| Furniture and vehicles | 24 | €7,828 | €3,941 | -€3,887 | -49.7% |
| Current assets | 29/58 | €427,096 | €830,293 | +€403,197 | +94.4% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,525 | €322,767 | +€262,242 | +433% |
| Trade receivables | 40 | €52,915 | €311,546 | +€258,631 | +489% |
| Other amounts receivable | 41 | €7,610 | €11,221 | +€3,612 | +47.5% |
| Cash at bank and in hand | 54/58 | €41,277 | €181,142 | +€139,864 | +339% |
| Deferred charges and accrued income | 490/1 | €25,294 | €26,384 | +€1,090 | +4.3% |
| Total equity and liabilities | 10/49 | €670,708 | €1,040,377 | +€369,669 | +55.1% |
| Equity | 10/15 | €21,908 | €63,146 | +€41,238 | +188% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,834 | €1,834 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,834 | €1,834 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,834 | €1,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74 | €41,312 | +€41,238 | +55,765% |
| Amounts payable | 17/49 | €648,800 | €977,231 | +€328,431 | +50.6% |
| Amounts payable after more than one year | 17 | €137,899 | €98,528 | -€39,371 | -28.6% |
| Financial debts | 170/4 | €137,899 | €98,528 | -€39,371 | -28.6% |
| Amounts payable within one year | 42/48 | €233,375 | €587,051 | +€353,676 | +152% |
| Current portion of amounts payable after more than one year | 42 | €60,528 | €67,167 | +€6,639 | +11.0% |
| Trade debts | 44 | €35,214 | €105,387 | +€70,173 | +199% |
| Suppliers | 440/4 | €35,214 | €105,387 | +€70,173 | +199% |
| Advances received on contracts in progress | 46 | €37,542 | €217,807 | +€180,265 | +480% |
| Taxes, remuneration and social security | 45 | €10,535 | €17,824 | +€7,289 | +69.2% |
| Taxes | 450/3 | €3,506 | €11,282 | +€7,776 | +222% |
| Remuneration and social security | 454/9 | €7,028 | €6,542 | -€486 | -6.9% |
| Other amounts payable | 47/48 | €89,557 | €178,866 | +€89,310 | +99.7% |
| Accrued charges and deferred income | 492/3 | €277,527 | €291,653 | +€14,126 | +5.1% |
| Remuneration, social security and pensions | 62 | €60,979 | €49,728 | -€11,251 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,467 | €76,238 | +€11,771 | +18.3% |
| Other operating charges | 640/8 | €12,063 | €16,530 | +€4,467 | +37.0% |
| Gross operating margin | 9900 | €149,767 | €200,489 | +€50,722 | +33.9% |
| Operating profit (loss) | 9901 | €12,258 | €57,993 | +€45,734 | +373% |
| Financial income | 75/76B | €43 | €13 | -€30 | -69.9% |
| Recurring financial income | 75 | €43 | €13 | -€30 | -69.9% |
| Financial charges | 65/66B | €4,752 | €5,918 | +€1,166 | +24.5% |
| Recurring financial charges | 65 | €4,752 | €5,918 | +€1,166 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €7,549 | €52,087 | +€44,538 | +590% |
| Income taxes | 67/77 | €506 | €10,849 | +€10,343 | +2,043% |
| Profit (loss) for the period | 9904 | €7,043 | €41,238 | +€34,195 | +486% |
| Profit (loss) for the period to be appropriated | 9905 | €7,043 | €41,238 | +€34,195 | +486% |
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 25 October 2026 via checked.be.