Badetro: 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.
Badetro
Largest movements
- Receivables within one year +€15,127
up €15,127 (+294.0%), from €5,146 to €20,273
- Tangible fixed assets +€7,940
up €7,940 (+194.6%), from €4,081 to €12,021
- Cash -€1,526
down €1,526 (-12.6%), from €12,079 to €10,553
mainly Receivables within one year (-€15,127) and Investment in fixed assets (net) (-€9,954)
- Profit (loss) carried forward +€29,819
up €29,819 (+80.2%), from -€37,183 to -€7,364
- Other debts -€8,554
no longer reported in 2025 (was €8,554)
- Tax, wage and social debts +€4,094
up €4,094 (+30.5%), from €13,428 to €17,522
- Trade debts -€3,395
no longer reported in 2025 (was €3,395)
- Gross operating margin +€30,034
up €30,034 (+207.3%), from €14,486 to €44,519
- Taxes +€6,486
up €6,486 (+120.3%), from €5,390 to €11,876
- Depreciation +€955
up €955 (+90.2%), from €1,059 to €2,014
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 | €21,305 | €43,269 | +€21,964 | +103.1% |
| Fixed assets | 21/28 | €4,081 | €12,021 | +€7,940 | +194.6% |
| Tangible fixed assets | 22/27 | €4,081 | €12,021 | +€7,940 | +194.6% |
| Plant, machinery and equipment | 23 | €4,081 | €12,021 | +€7,940 | +194.6% |
| Current assets | 29/58 | €17,224 | €31,249 | +€14,024 | +81.4% |
| Amounts receivable within one year | 40/41 | €5,146 | €20,273 | +€15,127 | +294.0% |
| Other amounts receivable | 41 | €5,146 | €20,273 | +€15,127 | +294.0% |
| Cash at bank and in hand | 54/58 | €12,079 | €10,553 | -€1,526 | -12.6% |
| Deferred charges and accrued income | 490/1 | - | €422 | +€422 | |
| Total equity and liabilities | 10/49 | €21,305 | €43,269 | +€21,964 | +103.1% |
| Equity | 10/15 | -€4,072 | €25,747 | +€29,819 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €14,519 | €14,519 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €12,660 | €12,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,183 | -€7,364 | +€29,819 | +80.2% |
| Amounts payable | 17/49 | €25,378 | €17,522 | -€7,855 | -31.0% |
| Amounts payable within one year | 42/48 | €25,378 | €17,522 | -€7,855 | -31.0% |
| Trade debts | 44 | €3,395 | - | -€3,395 | |
| Suppliers | 440/4 | €3,395 | - | -€3,395 | |
| Taxes, remuneration and social security | 45 | €13,428 | €17,522 | +€4,094 | +30.5% |
| Taxes | 450/3 | €13,428 | €17,522 | +€4,094 | +30.5% |
| Other amounts payable | 47/48 | €8,554 | - | -€8,554 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,059 | €2,014 | +€955 | +90.2% |
| Other operating charges | 640/8 | €786 | €576 | -€210 | -26.7% |
| Gross operating margin | 9900 | €14,486 | €44,519 | +€30,034 | +207.3% |
| Operating profit (loss) | 9901 | €12,641 | €41,929 | +€29,289 | +231.7% |
| Financial income | 75/76B | €6 | €6 | -€1 | -8.3% |
| Recurring financial income | 75 | €6 | €6 | -€1 | -8.3% |
| Financial charges | 65/66B | €599 | €240 | -€360 | -60.0% |
| Recurring financial charges | 65 | €599 | €240 | -€360 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | €12,047 | €41,695 | +€29,648 | +246.1% |
| Income taxes | 67/77 | €5,390 | €11,876 | +€6,486 | +120.3% |
| Profit (loss) for the period | 9904 | €6,658 | €29,819 | +€23,162 | +347.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,658 | €29,819 | +€23,162 | +347.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.