PAD MANAGEMENT
Annual accounts 2025
abbreviated format, filed on 16-07-2026, 15 days before the deadlineThe turnover shown is an estimate from the gross margin.
Balance sheet
balance sheet total €229,319 on 31-12-2025in euro
in euro
Position in the sector
84.7%
Higher than 80% of 6,710 companies in 2025.
40.9%
Higher than 95% of 6,675 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
229,319 | 196,994 | 148,782 | |
21/28 |
141,202 | 128,721 | 126,354 | |
22/27 |
21,202 | 8,721 | 6,354 | |
22 |
12,208 | - | - | |
24 |
8,994 | 8,721 | 6,354 | |
28 |
120,000 | 120,000 | 120,000 | |
29/58 |
88,118 | 68,273 | 22,428 | |
29 |
- | 42,077 | 14,520 | |
290 |
- | 42,077 | 14,520 | |
40/41 |
47,837 | - | 1 | |
40 |
39,036 | - | - | |
41 |
8,801 | - | 1 | |
54/58 |
40,281 | 26,196 | 7,907 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
229,319 | 196,994 | 148,782 | |
10/15 |
194,308 | 100,604 | 7,312 | |
10/11 |
3,000 | 3,000 | 3,000 | |
14 |
191,308 | 97,604 | 4,312 | |
17/49 |
35,011 | 96,389 | 141,471 | |
17 |
- | 31,006 | 120,000 | |
170/4 |
- | 31,006 | 120,000 | |
42/48 |
35,011 | 65,384 | 21,471 | |
42 |
21,006 | 19,983 | - | |
44 |
247 | 1,676 | 11,690 | |
440/4 |
247 | 1,676 | 11,690 | |
45 |
13,758 | 32,382 | 9,780 | |
450/3 |
13,758 | 32,382 | 3,248 | |
454/9 |
- | - | 6,533 | |
47/48 |
- | 11,343 | - | |
| Income statement | ||||
9900 |
126,018 | 122,056 | 6,452 | |
630 |
2,547 | 1,377 | 1,037 | |
9901 |
123,471 | 120,679 | 5,415 | |
75/76B |
17 | - | - | |
75 |
17 | - | - | |
65/66B |
4,395 | 2,741 | 16 | |
65 |
4,395 | 2,741 | 16 | |
9903 |
119,093 | 117,937 | 5,399 | |
67/77 |
25,389 | 24,645 | 1,087 | |
9904 |
93,704 | 93,293 | 4,312 | |
9905 |
93,704 | 93,293 | 4,312 | |
| Appropriation of the result | ||||
9906 |
191,308 | 97,604 | 4,312 | |
14P |
97,604 | 4,312 | - | |
| Document | ||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 16-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 15,028 | 3,744 | 126,573 | ||
| 14,085 | 18,289 | - | ||
| 84.7% | 51.1% | 4.9% | ||
| 48.2% | 92.7% | 59.0% | ||
| 40.9% | 47.4% | 2.9% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €15,028 | €3,744 | €6,573 |
| Financial fixed assets | - | - | €120,000 |
| €2,547 | €1,377 | €1,037 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on PAD MANAGEMENT
The operating result for 2025 is 2% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 48.9% to 15.3%. Equity is higher and debt is lower.