BADEMO: 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.
BADEMO
Largest movements
- Tangible fixed assets -€23,464
down €23,464 (-3.6%), from €654,995 to €631,531
of which Land and buildings: -€13,866
- Cash +€19,355
up €19,355 (+80.7%), from €23,991 to €43,347
mainly Depreciation (+€24,846) and Net result for the year (+€19,739)
- Receivables within one year +€11,443
up €11,443 (+29.6%), from €38,695 to €50,138
of which Other amounts receivable: +€9,894
- Reserves +€19,739
up €19,739 (+12.2%), from €162,455 to €182,194
of which Distributable reserves: +€24,571
- Other debts -€16,561
down €16,561 (-57.9%), from €28,588 to €12,026
- Taxes +€10,081
up €10,081 (+2125.1%), from €474 to €10,555
- Gross operating margin +€6,418
up €6,418 (+8.3%), from €77,371 to €83,789
- Financial income +€867
up €867 (+62.6%), from €1,386 to €2,253
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 | €718,452 | €725,621 | +€7,169 | +1.0% |
| Fixed assets | 21/28 | €655,600 | €632,136 | -€23,464 | -3.6% |
| Tangible fixed assets | 22/27 | €654,995 | €631,531 | -€23,464 | -3.6% |
| Land and buildings | 22 | €626,655 | €612,789 | -€13,866 | -2.2% |
| Plant, machinery and equipment | 23 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Furniture and vehicles | 24 | €8,340 | €8,742 | +€403 | +4.8% |
| Financial fixed assets | 28 | €605 | €605 | = | 0.0% |
| Current assets | 29/58 | €62,852 | €93,485 | +€30,633 | +48.7% |
| Amounts receivable within one year | 40/41 | €38,695 | €50,138 | +€11,443 | +29.6% |
| Trade receivables | 40 | €753 | €2,302 | +€1,549 | +205.8% |
| Other amounts receivable | 41 | €37,942 | €47,836 | +€9,894 | +26.1% |
| Cash at bank and in hand | 54/58 | €23,991 | €43,347 | +€19,355 | +80.7% |
| Deferred charges and accrued income | 490/1 | €166 | €0 | -€166 | -100.0% |
| Total equity and liabilities | 10/49 | €718,452 | €725,621 | +€7,169 | +1.0% |
| Equity | 10/15 | €662,455 | €682,194 | +€19,739 | +3.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €162,455 | €182,194 | +€19,739 | +12.2% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €89,336 | €84,503 | -€4,832 | -5.4% |
| Distributable reserves | 133 | €23,120 | €47,691 | +€24,571 | +106.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €22,334 | €21,126 | -€1,208 | -5.4% |
| Deferred taxes | 168 | €22,334 | €21,126 | -€1,208 | -5.4% |
| Amounts payable | 17/49 | €33,662 | €22,300 | -€11,362 | -33.8% |
| Amounts payable within one year | 42/48 | €33,662 | €22,300 | -€11,362 | -33.8% |
| Trade debts | 44 | €2,221 | €672 | -€1,549 | -69.8% |
| Suppliers | 440/4 | €2,221 | €672 | -€1,549 | -69.8% |
| Advances received on contracts in progress | 46 | - | €605 | +€605 | |
| Taxes, remuneration and social security | 45 | €2,854 | €8,998 | +€6,144 | +215.3% |
| Taxes | 450/3 | €2,854 | €8,998 | +€6,144 | +215.3% |
| Other amounts payable | 47/48 | €28,588 | €12,026 | -€16,561 | -57.9% |
| Non-recurring operating income | 76A | €340 | €339 | -€2 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,383 | €24,846 | +€463 | +1.9% |
| Other operating charges | 640/8 | €22,998 | €22,444 | -€554 | -2.4% |
| Non-recurring operating charges | 66A | €24 | €9,612 | +€9,588 | +39951.8% |
| Gross operating margin | 9900 | €77,371 | €83,789 | +€6,418 | +8.3% |
| Operating profit (loss) | 9901 | €29,966 | €26,887 | -€3,079 | -10.3% |
| Financial income | 75/76B | €1,386 | €2,253 | +€867 | +62.6% |
| Recurring financial income | 75 | €1,386 | €2,253 | +€867 | +62.6% |
| Financial charges | 65/66B | €71 | €54 | -€17 | -24.4% |
| Recurring financial charges | 65 | €71 | €54 | -€17 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €31,280 | €29,086 | -€2,194 | -7.0% |
| Transfer from deferred taxes | 780 | €1,208 | €1,208 | = | 0.0% |
| Income taxes | 67/77 | €474 | €10,555 | +€10,081 | +2125.1% |
| Profit (loss) for the period | 9904 | €32,014 | €19,739 | -€12,275 | -38.3% |
| Transfer from tax-exempt reserves | 789 | €4,832 | €4,832 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,846 | €24,571 | -€12,275 | -33.3% |
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 7 October 2026 via checked.be.