BADAS: 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.
BADAS
Largest movements
- Tangible fixed assets +€1,177
up €1,177 (+20.7%), from €5,697 to €6,874
of which Plant, machinery and equipment: +€1,599
- Cash -€1,136
down €1,136 (-40.9%), from €2,774 to €1,639
mainly Net result for the year (-€3,102) and Investment in fixed assets (net) (-€2,284)
- Stocks and contracts +€129
up €129 (+10.3%), from €1,257 to €1,385
- Profit (loss) carried forward -€3,102
down €3,102 (-40.8%), from -€7,609 to -€10,711
- Tax, wage and social debts +€2,640
up €2,640 (+31.7%), from €8,327 to €10,966
- Trade debts +€383
up €383 (+54.7%), from €701 to €1,084
- Other debts +€336
up €336 (+480%), from €70 to €406
- Gross operating margin -€6,397
down €6,397, from €4,054 to -€2,343
- Taxes -€1,048
down €1,048, from €524 to -€524
- Depreciation -€436
down €436 (-28.3%), from €1,544 to €1,107
- Financial charges -€260
down €260, from €207 to -€53
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 | €12,542 | €12,799 | +€257 | +2.0% |
| Fixed assets | 21/28 | €7,797 | €8,974 | +€1,177 | +15.1% |
| Tangible fixed assets | 22/27 | €5,697 | €6,874 | +€1,177 | +20.7% |
| Land and buildings | 22 | €5,184 | €4,762 | -€422 | -8.1% |
| Plant, machinery and equipment | 23 | €514 | €2,112 | +€1,599 | +311% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €4,745 | €3,825 | -€920 | -19.4% |
| Stocks and contracts in progress | 3 | €1,257 | €1,385 | +€129 | +10.3% |
| Stocks | 30/36 | €1,257 | €1,385 | +€129 | +10.3% |
| Amounts receivable within one year | 40/41 | €141 | €198 | +€57 | +40.4% |
| Trade receivables | 40 | - | €26 | +€26 | |
| Other amounts receivable | 41 | €141 | €173 | +€32 | +22.3% |
| Cash at bank and in hand | 54/58 | €2,774 | €1,639 | -€1,136 | -40.9% |
| Deferred charges and accrued income | 490/1 | €573 | €603 | +€30 | +5.2% |
| Total equity and liabilities | 10/49 | €12,542 | €12,799 | +€257 | +2.0% |
| Equity | 10/15 | €3,445 | €343 | -€3,102 | -90.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,855 | €4,855 | = | 0.0% |
| Distributable reserves | 133 | €4,855 | €4,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,609 | -€10,711 | -€3,102 | -40.8% |
| Amounts payable | 17/49 | €9,097 | €12,456 | +€3,359 | +36.9% |
| Amounts payable within one year | 42/48 | €9,097 | €12,456 | +€3,359 | +36.9% |
| Trade debts | 44 | €701 | €1,084 | +€383 | +54.7% |
| Suppliers | 440/4 | €701 | €1,084 | +€383 | +54.7% |
| Taxes, remuneration and social security | 45 | €8,327 | €10,966 | +€2,640 | +31.7% |
| Taxes | 450/3 | €8,327 | €10,966 | +€2,640 | +31.7% |
| Other amounts payable | 47/48 | €70 | €406 | +€336 | +480% |
| Remuneration, social security and pensions | 62 | €83 | €66 | -€16 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,544 | €1,107 | -€436 | -28.3% |
| Other operating charges | 640/8 | €171 | €162 | -€9 | -5.1% |
| Gross operating margin | 9900 | €4,054 | -€2,343 | -€6,397 | |
| Operating profit (loss) | 9901 | €2,257 | -€3,679 | -€5,936 | |
| Financial income | 75/76B | €3 | €1 | -€3 | -77.2% |
| Recurring financial income | 75 | €3 | €1 | -€3 | -77.2% |
| Financial charges | 65/66B | €207 | -€53 | -€260 | |
| Recurring financial charges | 65 | €207 | -€53 | -€260 | |
| Profit (loss) for the period before taxes | 9903 | €2,053 | -€3,626 | -€5,679 | |
| Income taxes | 67/77 | €524 | -€524 | -€1,048 | |
| Profit (loss) for the period | 9904 | €1,530 | -€3,102 | -€4,631 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,530 | -€3,102 | -€4,631 |
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 19 October 2026 via checked.be.