READYPAL: 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.
What changed
READYPAL
NACE 16.240, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €1.4m+€233,155
Equity
€12.0m
2024 · €10.4m+€1.7m
Cash
€2.3m
2024 · €1.0m+€1.3m
Balance sheet total
€14.6m
2024 · €12.5m+€2.1m
Largest movements
Assets
- Cash +€1.3m
up €1.3m (+128%), from €1.0m to €2.3m
mainly Net result for the year (+€1.7m) and Depreciation (+€577,831)
- Receivables within one year +€1.0m
up €1.0m (+26.1%), from €3.9m to €4.9m
of which Other amounts receivable: +€649,249
- Current investments -€400,000
down €400,000 (-100%), from €400,000 to €0
- Deferred charges and accrued income +€170,117
up €170,117 (+42.1%), from €404,478 to €574,594
- Stocks and contracts +€146,517
up €146,517 (+55.6%), from €263,483 to €410,000
Equity and liabilities
- Reserves +€1.7m
up €1.7m (+16.0%), from €10.3m to €12.0m
of which Tax-exempt reserves: +€896,730
- Other debts +€225,666
up €225,666 (+225%), from €100,461 to €326,128
Income statement
- Gross operating margin +€591,405
up €591,405 (+24.2%), from €2.4m to €3.0m
- Staff costs +€133,848
up €133,848 (+67.7%), from €197,652 to €331,500
- Write-downs +€92,136
up €92,136, from -€2,357 to €89,779
- Depreciation +€85,820
up €85,820 (+17.4%), from €492,011 to €577,831
- Taxes +€81,944
up €81,944 (+18.2%), from €450,465 to €532,409
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.
Result 2024
€1.4m
Gross operating margin
+€591,405
Staff costs
-€133,848
Depreciation
-€85,820
Write-downs
-€92,136
Other operating charges
+€10,858
Financial income
+€19,831
Financial charges
+€4,809
Taxes
-€81,944
Result 2025
€1.7m
raises the resultlowers the result
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.
From operations
+€1.3m
Investment
-€64,000
Financing
+€55,904
Cash 2024
€1.0m
From operations (derived)
+€1.3m
Net result for the year
+€1.7m
Depreciation
+€577,831
Receivables after one year
+€8,345
Stocks and contracts
-€146,517
Receivables within one year
-€1.0m
Deferred charges and accrued income
-€170,117
Trade debts
+€133,191
Tax, wage and social debts
+€47,760
Other debts
+€225,666
Accrued charges and deferred income
+€442
Investment (derived)
-€64,000
Investment in fixed assets (net)
-€464,000
Current investments
+€400,000
Financing
+€55,904
Debts after one year
+€19,941
Current portion of long-term debt
+€35,963
Cash 2025
€2.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,473,370 | €14,590,614 | +€2.1m | +17.0% |
| Fixed assets | 21/28 | €1,898,847 | €1,785,016 | -€113,831 | -6.0% |
| Intangible fixed assets | 21 | €165,816 | €140,816 | -€25,000 | -15.1% |
| Tangible fixed assets | 22/27 | €1,733,031 | €1,644,200 | -€88,831 | -5.1% |
| Land and buildings | 22 | €66,674 | €50,195 | -€16,479 | -24.7% |
| Plant, machinery and equipment | 23 | €580,268 | €730,033 | +€149,766 | +25.8% |
| Furniture and vehicles | 24 | €217,405 | €243,075 | +€25,671 | +11.8% |
| Leasing and similar rights | 25 | €683,759 | €451,823 | -€231,936 | -33.9% |
| Other tangible fixed assets | 26 | €184,926 | €169,073 | -€15,853 | -8.6% |
| Current assets | 29/58 | €10,574,523 | €12,805,598 | +€2.2m | +21.1% |
| Amounts receivable after more than one year | 29 | €4,610,687 | €4,602,342 | -€8,345 | -0.2% |
| Trade receivables | 290 | €4,582,550 | - | -€4.6m | |
| Other amounts receivable | 291 | €28,137 | €4,602,342 | +€4.6m | +16,257% |
| Stocks and contracts in progress | 3 | €263,483 | €410,000 | +€146,517 | +55.6% |
| Stocks | 30/36 | €263,483 | €410,000 | +€146,517 | +55.6% |
| Amounts receivable within one year | 40/41 | €3,873,471 | €4,884,294 | +€1.0m | +26.1% |
| Trade receivables | 40 | €1,270,313 | €1,631,886 | +€361,573 | +28.5% |
| Other amounts receivable | 41 | €2,603,158 | €3,252,407 | +€649,249 | +24.9% |
| Current investments | 50/53 | €400,000 | €0 | -€400,000 | -100% |
| Cash at bank and in hand | 54/58 | €1,022,404 | €2,334,368 | +€1.3m | +128% |
| Deferred charges and accrued income | 490/1 | €404,478 | €574,594 | +€170,117 | +42.1% |
| Total equity and liabilities | 10/49 | €12,473,370 | €14,590,614 | +€2.1m | +17.0% |
| Equity | 10/15 | €10,356,107 | €12,010,388 | +€1.7m | +16.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €10,343,707 | €11,997,988 | +€1.7m | +16.0% |
| Tax-exempt reserves | 132 | - | €896,730 | +€896,730 | |
| Distributable reserves | 133 | €10,343,707 | €11,101,258 | +€757,551 | +7.3% |
| Amounts payable | 17/49 | €2,117,263 | €2,580,227 | +€462,964 | +21.9% |
| Amounts payable after more than one year | 17 | €440,781 | €460,722 | +€19,941 | +4.5% |
| Financial debts | 170/4 | €440,781 | €460,722 | +€19,941 | +4.5% |
| Amounts payable within one year | 42/48 | €1,676,363 | €2,118,944 | +€442,580 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | €237,319 | €273,282 | +€35,963 | +15.2% |
| Trade debts | 44 | €1,322,199 | €1,455,390 | +€133,191 | +10.1% |
| Suppliers | 440/4 | €1,322,199 | €1,455,390 | +€133,191 | +10.1% |
| Taxes, remuneration and social security | 45 | €16,384 | €64,144 | +€47,760 | +292% |
| Taxes | 450/3 | €3,707 | €40,566 | +€36,859 | +994% |
| Remuneration and social security | 454/9 | €12,677 | €23,578 | +€10,901 | +86.0% |
| Other amounts payable | 47/48 | €100,461 | €326,128 | +€225,666 | +225% |
| Accrued charges and deferred income | 492/3 | €118 | €561 | +€442 | +373% |
| Non-recurring operating income | 76A | - | €1,056 | +€1,056 | |
| Remuneration, social security and pensions | 62 | €197,652 | €331,500 | +€133,848 | +67.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €492,011 | €577,831 | +€85,820 | +17.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,357 | €89,779 | +€92,136 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €52,150 | €41,293 | -€10,858 | -20.8% |
| Gross operating margin | 9900 | €2,440,992 | €3,032,397 | +€591,405 | +24.2% |
| Operating profit (loss) | 9901 | €1,701,536 | €1,991,995 | +€290,459 | +17.1% |
| Financial income | 75/76B | €201,553 | €221,384 | +€19,831 | +9.8% |
| Recurring financial income | 75 | €201,553 | €221,384 | +€19,831 | +9.8% |
| Financial charges | 65/66B | €31,498 | €26,689 | -€4,809 | -15.3% |
| Recurring financial charges | 65 | €31,498 | €26,689 | -€4,809 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €1,871,591 | €2,186,690 | +€315,099 | +16.8% |
| Income taxes | 67/77 | €450,465 | €532,409 | +€81,944 | +18.2% |
| Profit (loss) for the period | 9904 | €1,421,126 | €1,654,281 | +€233,155 | +16.4% |
| Transfer to tax-exempt reserves | 689 | - | €896,730 | +€896,730 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,421,126 | €757,551 | -€663,575 | -46.7% |
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 14 October 2026 via checked.be.