BADELIM: 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.
BADELIM
Largest movements
- Stocks and contracts +€2.2m
up €2.2m (+1,798%), from €123,733 to €2.3m
- Cash +€108,203
up €108,203 (+545%), from €19,865 to €128,068
mainly Debts after one year (+€1.9m) and Other debts (+€300,000)
- Debts after one year +€1.9m
new in 2025: €1.9m
- Other debts +€300,000
up €300,000 (+600%), from €50,000 to €350,000
- Trade debts +€163,923
up €163,923 (+11,228%), from €1,460 to €165,383
- Profit (loss) carried forward -€36,539
down €36,539 (-494%), from -€7,403 to -€43,941
- Financial charges +€23,873
up €23,873 (+26,514%), from €90 to €23,963
- Gross operating margin -€9,670
down €9,670 (-386%), from -€2,505 to -€12,175
- Purchases and services -€2,505
no longer reported in 2025 (was €2,505)
- Other operating charges -€376
down €376 (-48.4%), from €776 to €400
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 | €144,057 | €2,479,442 | +€2.3m | +1,621% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Current assets | 29/58 | €144,057 | €2,479,442 | +€2.3m | +1,621% |
| Stocks and contracts in progress | 3 | €123,733 | €2,348,630 | +€2.2m | +1,798% |
| Stocks | 30/36 | €123,733 | €2,348,630 | +€2.2m | +1,798% |
| Amounts receivable within one year | 40/41 | €459 | €2,744 | +€2,285 | +498% |
| Other amounts receivable | 41 | €459 | €2,744 | +€2,285 | +498% |
| Cash at bank and in hand | 54/58 | €19,865 | €128,068 | +€108,203 | +545% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €144,057 | €2,479,442 | +€2.3m | +1,621% |
| Equity | 10/15 | €92,597 | €56,059 | -€36,539 | -39.5% |
| 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% |
| Profit (loss) carried forward | 14 | -€7,403 | -€43,941 | -€36,539 | -494% |
| Amounts payable | 17/49 | €51,460 | €2,423,383 | +€2.4m | +4,609% |
| Amounts payable after more than one year | 17 | - | €1,908,000 | +€1.9m | |
| Financial debts | 170/4 | - | €1,908,000 | +€1.9m | |
| Amounts payable within one year | 42/48 | €51,460 | €515,383 | +€463,923 | +902% |
| Trade debts | 44 | €1,460 | €165,383 | +€163,923 | +11,228% |
| Suppliers | 440/4 | €1,460 | €165,383 | +€163,923 | +11,228% |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Other amounts payable | 47/48 | €50,000 | €350,000 | +€300,000 | +600% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,505 | - | -€2,505 | |
| Other operating charges | 640/8 | €776 | €400 | -€376 | -48.4% |
| Gross operating margin | 9900 | -€2,505 | -€12,175 | -€9,670 | -386% |
| Operating profit (loss) | 9901 | -€3,281 | -€12,575 | -€9,294 | -283% |
| Financial charges | 65/66B | €90 | €23,963 | +€23,873 | +26,514% |
| Recurring financial charges | 65 | €90 | €23,963 | +€23,873 | +26,514% |
| Profit (loss) for the period before taxes | 9903 | -€3,371 | -€36,539 | -€33,167 | -984% |
| Profit (loss) for the period | 9904 | -€3,371 | -€36,539 | -€33,167 | -984% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,371 | -€36,539 | -€33,167 | -984% |
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.