BADES: 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.
BADES
Largest movements
- Receivables within one year -€4,878
down €4,878 (-56.3%), from €8,668 to €3,789
of which Trade receivables: -€4,722
- Deferred charges and accrued income -€1,606
down €1,606 (-57.5%), from €2,795 to €1,189
- Cash -€1,213
down €1,213 (-10.4%), from €11,683 to €10,470
mainly Other debts (-€8,842) and Investment in fixed assets (net) (-€2,408)
- Tangible fixed assets -€1,088
down €1,088 (-2.8%), from €39,064 to €37,976
of which Plant, machinery and equipment: -€2,834
- Other debts -€8,842
down €8,842 (-48.5%), from €18,225 to €9,384
- Accrued charges and deferred income +€1,289
up €1,289 (+35.9%), from €3,586 to €4,875
- Tax, wage and social debts -€765
down €765 (-47.8%), from €1,601 to €836
- Profit (loss) carried forward -€674
down €674 (-8.1%), from -€8,348 to -€9,021
- Gross operating margin -€6,206
down €6,206 (-38.9%), from €15,947 to €9,741
- Depreciation -€2,749
down €2,749 (-44.0%), from €6,245 to €3,496
- Financial charges -€294
down €294 (-18.3%), from €1,606 to €1,312
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 | €62,259 | €53,473 | -€8,786 | -14.1% |
| Fixed assets | 21/28 | €39,114 | €38,026 | -€1,088 | -2.8% |
| Tangible fixed assets | 22/27 | €39,064 | €37,976 | -€1,088 | -2.8% |
| Land and buildings | 22 | €33,292 | €33,292 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,773 | €2,939 | -€2,834 | -49.1% |
| Furniture and vehicles | 24 | - | €1,746 | +€1,746 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €23,145 | €15,448 | -€7,698 | -33.3% |
| Amounts receivable within one year | 40/41 | €8,668 | €3,789 | -€4,878 | -56.3% |
| Trade receivables | 40 | €8,511 | €3,789 | -€4,722 | -55.5% |
| Other amounts receivable | 41 | €157 | €0 | -€157 | -100% |
| Cash at bank and in hand | 54/58 | €11,683 | €10,470 | -€1,213 | -10.4% |
| Deferred charges and accrued income | 490/1 | €2,795 | €1,189 | -€1,606 | -57.5% |
| Total equity and liabilities | 10/49 | €62,259 | €53,473 | -€8,786 | -14.1% |
| Equity | 10/15 | €36,760 | €36,087 | -€674 | -1.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €26,558 | €26,558 | = | 0.0% |
| Tax-exempt reserves | 132 | €93 | €93 | = | 0.0% |
| Distributable reserves | 133 | €26,466 | €26,466 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,348 | -€9,021 | -€674 | -8.1% |
| Amounts payable | 17/49 | €25,499 | €17,387 | -€8,112 | -31.8% |
| Amounts payable within one year | 42/48 | €21,913 | €12,512 | -€9,401 | -42.9% |
| Trade debts | 44 | €2,087 | €2,292 | +€205 | +9.8% |
| Suppliers | 440/4 | €2,087 | €2,292 | +€205 | +9.8% |
| Taxes, remuneration and social security | 45 | €1,601 | €836 | -€765 | -47.8% |
| Taxes | 450/3 | €1,601 | €836 | -€765 | -47.8% |
| Other amounts payable | 47/48 | €18,225 | €9,384 | -€8,842 | -48.5% |
| Accrued charges and deferred income | 492/3 | €3,586 | €4,875 | +€1,289 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,245 | €3,496 | -€2,749 | -44.0% |
| Other operating charges | 640/8 | €5,663 | €5,607 | -€56 | -1.0% |
| Gross operating margin | 9900 | €15,947 | €9,741 | -€6,206 | -38.9% |
| Operating profit (loss) | 9901 | €4,039 | €638 | -€3,402 | -84.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -26.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -26.9% |
| Financial charges | 65/66B | €1,606 | €1,312 | -€294 | -18.3% |
| Recurring financial charges | 65 | €1,606 | €1,312 | -€294 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €2,434 | -€674 | -€3,107 | |
| Income taxes | 67/77 | €0 | €0 | -€0 | -63.6% |
| Profit (loss) for the period | 9904 | €2,434 | -€674 | -€3,107 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,434 | -€674 | -€3,107 |
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 15 October 2026 via checked.be.