Pappagallo: 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.
Pappagallo
Largest movements
- Cash +€73,677
up €73,677 (+1559.6%), from €4,724 to €78,401
mainly Other debts (+€131,829) and Net result for the year (+€103,904)
- Deferred charges and accrued income -€58,276
down €58,276 (-95.4%), from €61,117 to €2,842
- Other debts +€131,829
up €131,829 (+2625.5%), from €5,021 to €136,850
- Profit (loss) carried forward -€76,713
down €76,713 (-18.6%), from €412,046 to €335,333
- Debts after one year -€41,004
down €41,004 (-30.6%), from €133,896 to €92,892
- Gross operating margin +€1,768
up €1,768 (+3.3%), from €52,881 to €54,649
- Financial charges -€1,265
down €1,265 (-18.8%), from €6,736 to €5,471
- Taxes +€1,244
up €1,244 (+10.3%), from €12,023 to €13,267
- Financial income -€787
down €787 (-1.1%), from €73,769 to €72,982
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 | €594,808 | €609,034 | +€14,226 | +2.4% |
| Fixed assets | 21/28 | €474,058 | €470,703 | -€3,355 | -0.7% |
| Tangible fixed assets | 22/27 | €27,668 | €24,313 | -€3,355 | -12.1% |
| Furniture and vehicles | 24 | €25,758 | €22,677 | -€3,081 | -12.0% |
| Other tangible fixed assets | 26 | €1,911 | €1,637 | -€274 | -14.3% |
| Financial fixed assets | 28 | €446,390 | €446,390 | = | 0.0% |
| Current assets | 29/58 | €120,750 | €138,330 | +€17,581 | +14.6% |
| Amounts receivable within one year | 40/41 | €24,599 | €26,510 | +€1,912 | +7.8% |
| Trade receivables | 40 | €16,622 | €17,185 | +€563 | +3.4% |
| Other amounts receivable | 41 | €7,977 | €9,325 | +€1,348 | +16.9% |
| Current investments | 50/53 | €30,309 | €30,577 | +€268 | +0.9% |
| Cash at bank and in hand | 54/58 | €4,724 | €78,401 | +€73,677 | +1559.6% |
| Deferred charges and accrued income | 490/1 | €61,117 | €2,842 | -€58,276 | -95.4% |
| Total equity and liabilities | 10/49 | €594,808 | €609,034 | +€14,226 | +2.4% |
| Equity | 10/15 | €415,046 | €338,333 | -€76,713 | -18.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €412,046 | €335,333 | -€76,713 | -18.6% |
| Amounts payable | 17/49 | €179,762 | €270,701 | +€90,939 | +50.6% |
| Amounts payable after more than one year | 17 | €133,896 | €92,892 | -€41,004 | -30.6% |
| Financial debts | 170/4 | €133,896 | €92,892 | -€41,004 | -30.6% |
| Amounts payable within one year | 42/48 | €43,020 | €175,408 | +€132,387 | +307.7% |
| Current portion of amounts payable after more than one year | 42 | €35,526 | €36,004 | +€478 | +1.3% |
| Trade debts | 44 | €406 | €266 | -€140 | -34.5% |
| Suppliers | 440/4 | €406 | €266 | -€140 | -34.5% |
| Taxes, remuneration and social security | 45 | €2,067 | €2,288 | +€221 | +10.7% |
| Taxes | 450/3 | €2,067 | €2,288 | +€221 | +10.7% |
| Other amounts payable | 47/48 | €5,021 | €136,850 | +€131,829 | +2625.5% |
| Accrued charges and deferred income | 492/3 | €2,846 | €2,401 | -€444 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,800 | €3,355 | -€445 | -11.7% |
| Other operating charges | 640/8 | €1,097 | €1,635 | +€538 | +49.1% |
| Gross operating margin | 9900 | €52,881 | €54,649 | +€1,768 | +3.3% |
| Operating profit (loss) | 9901 | €47,984 | €49,659 | +€1,675 | +3.5% |
| Financial income | 75/76B | €73,769 | €72,982 | -€787 | -1.1% |
| Recurring financial income | 75 | €73,769 | €72,982 | -€787 | -1.1% |
| Financial charges | 65/66B | €6,736 | €5,471 | -€1,265 | -18.8% |
| Recurring financial charges | 65 | €6,736 | €5,471 | -€1,265 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €115,017 | €117,171 | +€2,154 | +1.9% |
| Income taxes | 67/77 | €12,023 | €13,267 | +€1,244 | +10.3% |
| Profit (loss) for the period | 9904 | €102,994 | €103,904 | +€910 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €102,994 | €103,904 | +€910 | +0.9% |
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 12 October 2026 via checked.be.