BADAN: what changed
Two fiscal 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.
BADAN
Largest movements
- Intangible fixed assets -€6,550
down €6,550 (-26.1%), from €25,137 to €18,587
- Cash +€5,813
up €5,813 (+87.2%), from €6,668 to €12,480
mainly Depreciation (+€7,973) and Current portion of long-term debt (+€4,907)
- Receivables within one year +€4,110
up €4,110 (+58.5%), from €7,027 to €11,136
of which Trade receivables: +€5,736
- Stocks and contracts -€2,689
down €2,689 (-7.7%), from €35,140 to €32,451
- Current portion of long-term debt +€4,907
up €4,907 (+40.7%), from €12,057 to €16,965
- Trade debts -€3,146
down €3,146 (-25.6%), from €12,283 to €9,137
- Tax, wage and social debts -€1,759
down €1,759 (-14.2%), from €12,398 to €10,639
of which Taxes: -€1,098
- Gross operating margin +€7,429
up €7,429 (+15.2%), from €49,023 to €56,452
- Financial charges +€4,808
up €4,808 (+133.6%), from €3,598 to €8,406
- Depreciation -€2,301
down €2,301 (-22.4%), from €10,274 to €7,973
- Taxes +€890
up €890 (+81.2%), from €1,096 to €1,986
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 | €86,966 | €88,218 | +€1,252 | +1.4% |
| Fixed assets | 21/28 | €36,222 | €30,126 | -€6,096 | -16.8% |
| Intangible fixed assets | 21 | €25,137 | €18,587 | -€6,550 | -26.1% |
| Tangible fixed assets | 22/27 | €4,671 | €5,124 | +€454 | +9.7% |
| Furniture and vehicles | 24 | €123 | €1,817 | +€1,694 | +1374.0% |
| Other tangible fixed assets | 26 | €4,547 | €3,307 | -€1,240 | -27.3% |
| Financial fixed assets | 28 | €6,414 | €6,414 | = | 0.0% |
| Current assets | 29/58 | €50,744 | €58,093 | +€7,349 | +14.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €35,140 | €32,451 | -€2,689 | -7.7% |
| Stocks | 30/36 | €35,140 | €32,451 | -€2,689 | -7.7% |
| Amounts receivable within one year | 40/41 | €7,027 | €11,136 | +€4,110 | +58.5% |
| Trade receivables | 40 | €1,386 | €7,122 | +€5,736 | +414.0% |
| Other amounts receivable | 41 | €5,641 | €4,014 | -€1,627 | -28.8% |
| Cash at bank and in hand | 54/58 | €6,668 | €12,480 | +€5,813 | +87.2% |
| Deferred charges and accrued income | 490/1 | €1,910 | €2,025 | +€115 | +6.0% |
| Total equity and liabilities | 10/49 | €86,966 | €88,218 | +€1,252 | +1.4% |
| Equity | 10/15 | €38,287 | €38,760 | +€473 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,691 | €7,691 | = | 0.0% |
| Distributable reserves | 133 | €7,691 | €7,691 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,996 | €12,469 | +€473 | +3.9% |
| Amounts payable | 17/49 | €48,679 | €49,458 | +€779 | +1.6% |
| Amounts payable after more than one year | 17 | €6,069 | €6,929 | +€860 | +14.2% |
| Financial debts | 170/4 | €6,069 | €6,929 | +€860 | +14.2% |
| Amounts payable within one year | 42/48 | €42,317 | €42,404 | +€87 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €12,057 | €16,965 | +€4,907 | +40.7% |
| Financial debts | 43 | €3,552 | €3,603 | +€51 | +1.4% |
| Credit institutions | 430/8 | €627 | €674 | +€48 | +7.6% |
| Other loans | 439 | €2,925 | €2,929 | +€4 | +0.1% |
| Trade debts | 44 | €12,283 | €9,137 | -€3,146 | -25.6% |
| Suppliers | 440/4 | €12,283 | €9,137 | -€3,146 | -25.6% |
| Taxes, remuneration and social security | 45 | €12,398 | €10,639 | -€1,759 | -14.2% |
| Taxes | 450/3 | €2,268 | €1,170 | -€1,098 | -48.4% |
| Remuneration and social security | 454/9 | €10,130 | €9,470 | -€661 | -6.5% |
| Other amounts payable | 47/48 | €2,026 | €2,060 | +€34 | +1.7% |
| Accrued charges and deferred income | 492/3 | €293 | €125 | -€167 | -57.1% |
| Non-recurring operating income | 76A | - | €160 | +€160 | |
| Remuneration, social security and pensions | 62 | €34,477 | €34,494 | +€17 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,274 | €7,973 | -€2,301 | -22.4% |
| Other operating charges | 640/8 | €1,753 | €1,604 | -€150 | -8.5% |
| Non-recurring operating charges | 66A | €1,853 | €1,568 | -€285 | -15.4% |
| Gross operating margin | 9900 | €49,023 | €56,452 | +€7,429 | +15.2% |
| Operating profit (loss) | 9901 | €665 | €10,813 | +€10,149 | +1527.3% |
| Financial income | 75/76B | €93 | €51 | -€42 | -45.5% |
| Recurring financial income | 75 | €93 | €51 | -€42 | -45.5% |
| Financial charges | 65/66B | €3,598 | €8,406 | +€4,808 | +133.6% |
| Recurring financial charges | 65 | €3,598 | €8,406 | +€4,808 | +133.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,840 | €2,459 | +€5,299 | |
| Income taxes | 67/77 | €1,096 | €1,986 | +€890 | +81.2% |
| Profit (loss) for the period | 9904 | -€3,936 | €473 | +€4,409 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,936 | €473 | +€4,409 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.