BADE EUROPE: what changed
What changed
BADE EUROPE
NACE 46.473, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€580,748
2024 · €840,718-€259,970
Equity
€4.0m
2024 · €3.7m+€280,748
Cash
€578,877
2024 · €541,829+€37,049
Balance sheet total
€6.2m
2024 · €6.4m-€176,367
Largest movements
Assets
- Receivables within one year -€440,950
down €440,950 (-19.6%), from €2.3m to €1.8m
of which Trade receivables: -€388,597
- Current investments +€200,000
up €200,000 (+8.5%), from €2.4m to €2.6m
Equity and liabilities
- Trade debts -€374,064
down €374,064 (-16.9%), from €2.2m to €1.8m
- Profit (loss) carried forward +€280,748
up €280,748 (+7.7%), from €3.6m to €3.9m
- Other debts -€100,000
down €100,000 (-25.0%), from €400,000 to €300,000
Income statement
- Turnover -€2.4m
down €2.4m (-20.4%), from €11.6m to €9.2m
- Goods and materials -€1.7m
down €1.7m (-20.6%), from €8.3m to €6.6m
of which Purchases: -€1.5m
- Financial charges -€271,063
down €271,063 (-24.3%), from €1.1m to €843,414
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€840,718
Turnover
-€2.4m
Other operating income
+€2,395
Goods and materials
+€1.7m
Services and other goods
+€70,182
Staff costs
-€8,057
Depreciation
+€1,979
Write-downs
+€23,353
Other operating charges
-€230
Other operating items
+€8,000
Financial income
-€17,926
Financial charges
+€271,063
Taxes
+€53,800
Result 2025
€580,748
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€571,693
Investment
-€234,645
Financing
-€300,000
Cash 2024
€541,829
From operations (derived)
+€571,693
Net result for the year
+€580,748
Depreciation
+€21,193
Stocks and contracts
-€3,012
Receivables within one year
+€440,950
Deferred charges and accrued income
-€11,070
Trade debts
-€374,064
Tax, wage and social debts
+€16,949
Other debts
-€100,000
Investment (derived)
-€234,645
Investment in fixed assets (net)
-€34,645
Current investments
-€200,000
Financing
-€300,000
Contributions, distributions and other
-€300,000
Cash 2025
€578,877
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,424,467 | €6,248,100 | -€176,367 | -2.7% |
| Fixed assets | 21/28 | €66,048 | €79,500 | +€13,452 | +20.4% |
| Tangible fixed assets | 22/27 | €66,048 | €79,500 | +€13,452 | +20.4% |
| Plant, machinery and equipment | 23 | €13,939 | €12,831 | -€1,108 | -7.9% |
| Furniture and vehicles | 24 | €43,492 | €59,999 | +€16,507 | +38.0% |
| Other tangible fixed assets | 26 | €8,617 | €6,670 | -€1,947 | -22.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €0 | - | = | |
| Current assets | 29/58 | €6,358,419 | €6,168,600 | -€189,820 | -3.0% |
| Stocks and contracts in progress | 3 | €1,212,086 | €1,215,098 | +€3,012 | +0.2% |
| Stocks | 30/36 | €1,212,086 | €1,215,098 | +€3,012 | +0.2% |
| Goods purchased for resale | 34 | €1,212,086 | €1,215,098 | +€3,012 | +0.2% |
| Amounts receivable within one year | 40/41 | €2,250,269 | €1,809,319 | -€440,950 | -19.6% |
| Trade receivables | 40 | €2,169,776 | €1,781,180 | -€388,597 | -17.9% |
| Other amounts receivable | 41 | €80,492 | €28,139 | -€52,353 | -65.0% |
| Current investments | 50/53 | €2,350,000 | €2,550,000 | +€200,000 | +8.5% |
| Other investments | 51/53 | €2,350,000 | €2,550,000 | +€200,000 | +8.5% |
| Cash at bank and in hand | 54/58 | €541,829 | €578,877 | +€37,049 | +6.8% |
| Deferred charges and accrued income | 490/1 | €4,237 | €15,306 | +€11,070 | +261% |
| Total equity and liabilities | 10/49 | €6,424,467 | €6,248,100 | -€176,367 | -2.7% |
| Equity | 10/15 | €3,737,497 | €4,018,245 | +€280,748 | +7.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,627,497 | €3,908,245 | +€280,748 | +7.7% |
| Amounts payable | 17/49 | €2,686,970 | €2,229,854 | -€457,116 | -17.0% |
| Amounts payable within one year | 42/48 | €2,686,970 | €2,229,854 | -€457,116 | -17.0% |
| Trade debts | 44 | €2,218,179 | €1,844,114 | -€374,064 | -16.9% |
| Suppliers | 440/4 | €2,218,179 | €1,844,114 | -€374,064 | -16.9% |
| Taxes, remuneration and social security | 45 | €68,791 | €85,740 | +€16,949 | +24.6% |
| Taxes | 450/3 | €9,042 | €27,075 | +€18,033 | +199% |
| Remuneration and social security | 454/9 | €59,749 | €58,665 | -€1,084 | -1.8% |
| Other amounts payable | 47/48 | €400,000 | €300,000 | -€100,000 | -25.0% |
| Operating income | 70/76A | €11,757,873 | €9,398,206 | -€2.4m | -20.1% |
| Turnover | 70 | €11,590,322 | €9,220,260 | -€2.4m | -20.4% |
| Other operating income | 74 | €167,551 | €169,946 | +€2,395 | +1.4% |
| Non-recurring operating income | 76A | - | €8,000 | +€8,000 | |
| Operating charges | 60/66A | €9,770,429 | €7,977,670 | -€1.8m | -18.3% |
| Goods for resale, raw materials and consumables | 60 | €8,274,149 | €6,568,617 | -€1.7m | -20.6% |
| Purchases | 600/8 | €8,103,610 | €6,571,629 | -€1.5m | -18.9% |
| Change in stocks: decrease (increase) | 609 | €170,539 | -€3,012 | -€173,551 | |
| Services and other goods | 61 | €1,014,107 | €943,925 | -€70,182 | -6.9% |
| Remuneration, social security and pensions | 62 | €431,912 | €439,968 | +€8,057 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,171 | €21,193 | -€1,979 | -8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,353 | €0 | -€23,353 | -100% |
| Other operating charges | 640/8 | €3,738 | €3,968 | +€230 | +6.1% |
| Operating profit (loss) | 9901 | €1,987,443 | €1,420,536 | -€566,907 | -28.5% |
| Financial income | 75/76B | €117,460 | €99,534 | -€17,926 | -15.3% |
| Recurring financial income | 75 | €117,460 | €99,534 | -€17,926 | -15.3% |
| Income from current assets | 751 | €67,062 | €57,361 | -€9,701 | -14.5% |
| Other financial income | 752/9 | €50,398 | €42,173 | -€8,225 | -16.3% |
| Financial charges | 65/66B | €1,114,477 | €843,414 | -€271,063 | -24.3% |
| Recurring financial charges | 65 | €1,114,477 | €843,414 | -€271,063 | -24.3% |
| Debt charges | 650 | €0 | - | = | |
| Other financial charges | 652/9 | €1,114,477 | €843,414 | -€271,063 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €990,426 | €676,657 | -€313,770 | -31.7% |
| Income taxes | 67/77 | €149,708 | €95,908 | -€53,800 | -35.9% |
| Taxes | 670/3 | €149,919 | €96,054 | -€53,864 | -35.9% |
| Tax adjustments and reversals of tax provisions | 77 | €211 | €146 | -€65 | -30.7% |
| Profit (loss) for the period | 9904 | €840,718 | €580,748 | -€259,970 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €840,718 | €580,748 | -€259,970 | -30.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.