Badia: 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.
What changed
Badia
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€542,387
2024 · €240,831-€783,218
Equity
€16.8m
2024 · €17.3m-€542,387
Cash
€475,118
2024 · €163,070+€312,047
Balance sheet total
€38.8m
2024 · €38.1m+€673,170
Largest movements
Assets
- Receivables within one year +€449,875
up €449,875 (+71.3%), from €631,026 to €1.1m
of which Trade receivables: +€544,813
Equity and liabilities
- Other debts +€2.4m
new in 2025: €2.4m
- Debts after one year -€1.1m
down €1.1m (-5.7%), from €19.1m to €18.0m
- Profit (loss) carried forward -€542,387
down €542,387 (-21.3%), from €2.5m to €2.0m
Income statement
- Financial charges +€844,371
up €844,371 (+1975.2%), from €42,748 to €887,119
- Turnover +€375,017
up €375,017 (+55.8%), from €672,360 to €1.0m
- Financial income -€214,463
no longer reported in 2025 (was €214,463)
- Services and other goods +€98,244
up €98,244 (+17.7%), from €553,914 to €652,158
- Other operating income +€23,364
new in 2025: €23,364
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.
Result 2024
€240,831
Turnover
+€375,017
Other operating income
+€23,364
Services and other goods
-€98,244
Depreciation
-€15,063
Other operating charges
-€768
Financial income
-€214,463
Financial charges
-€844,371
Taxes
-€8,691
Result 2025
-€542,387
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.
From operations
+€1.6m
Investment
-€177,800
Financing
-€1.1m
Cash 2024
€163,070
From operations (derived)
+€1.6m
Net result for the year
-€542,387
Depreciation
+€56,550
Receivables within one year
-€449,875
Deferred charges and accrued income
+€210,003
Trade debts
-€3,927
Tax, wage and social debts
+€94,086
Other debts
+€2.4m
Accrued charges and deferred income
-€205,666
Investment (derived)
-€177,800
Investment in fixed assets (net)
-€177,800
Financing
-€1.1m
Debts after one year
-€1.1m
Current portion of long-term debt
+€603
Cash 2025
€475,118
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,134,486 | €38,807,656 | +€673,170 | +1.8% |
| Fixed assets | 21/28 | €37,130,388 | €37,251,638 | +€121,250 | +0.3% |
| Tangible fixed assets | 22/27 | €589,359 | €710,610 | +€121,250 | +20.6% |
| Land and buildings | 22 | €584,774 | €556,550 | -€28,224 | -4.8% |
| Plant, machinery and equipment | 23 | €4,585 | €154,059 | +€149,474 | +3259.9% |
| Financial fixed assets | 28 | €36,541,028 | €36,541,028 | = | 0.0% |
| Affiliated companies | 280/1 | €36,541,028 | €36,541,028 | = | 0.0% |
| Participating interests | 280 | €36,541,028 | €36,541,028 | = | 0.0% |
| Current assets | 29/58 | €1,004,099 | €1,556,019 | +€551,920 | +55.0% |
| Amounts receivable within one year | 40/41 | €631,026 | €1,080,901 | +€449,875 | +71.3% |
| Trade receivables | 40 | - | €544,813 | +€544,813 | |
| Other amounts receivable | 41 | €631,026 | €536,088 | -€94,938 | -15.0% |
| Cash at bank and in hand | 54/58 | €163,070 | €475,118 | +€312,047 | +191.4% |
| Deferred charges and accrued income | 490/1 | €210,003 | - | -€210,003 | |
| Total equity and liabilities | 10/49 | €38,134,486 | €38,807,656 | +€673,170 | +1.8% |
| Equity | 10/15 | €17,344,956 | €16,802,569 | -€542,387 | -3.1% |
| Contributions | 10/11 | €14,796,132 | €14,796,132 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,546,825 | €2,004,438 | -€542,387 | -21.3% |
| Amounts payable | 17/49 | €20,789,530 | €22,005,087 | +€1.2m | +5.8% |
| Amounts payable after more than one year | 17 | €19,061,040 | €17,979,964 | -€1.1m | -5.7% |
| Financial debts | 170/4 | €19,061,040 | €17,979,964 | -€1.1m | -5.7% |
| Subordinated loans | 170 | €4,958,227 | €5,175,683 | +€217,456 | +4.4% |
| Credit institutions | 173 | €14,102,813 | €12,804,281 | -€1.3m | -9.2% |
| Amounts payable within one year | 42/48 | €1,480,726 | €3,983,026 | +€2.5m | +169.0% |
| Current portion of amounts payable after more than one year | 42 | €1,297,930 | €1,298,533 | +€603 | 0.0% |
| Trade debts | 44 | €182,796 | €178,868 | -€3,927 | -2.1% |
| Suppliers | 440/4 | €182,796 | €178,868 | -€3,927 | -2.1% |
| Taxes, remuneration and social security | 45 | - | €94,086 | +€94,086 | |
| Taxes | 450/3 | - | €94,086 | +€94,086 | |
| Other amounts payable | 47/48 | - | €2,411,539 | +€2.4m | |
| Accrued charges and deferred income | 492/3 | €247,764 | €42,098 | -€205,666 | -83.0% |
| Operating income | 70/76A | €672,360 | €1,070,742 | +€398,382 | +59.3% |
| Turnover | 70 | €672,360 | €1,047,378 | +€375,017 | +55.8% |
| Other operating income | 74 | - | €23,364 | +€23,364 | |
| Operating charges | 60/66A | €603,244 | €717,319 | +€114,075 | +18.9% |
| Services and other goods | 61 | €553,914 | €652,158 | +€98,244 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,488 | €56,550 | +€15,063 | +36.3% |
| Other operating charges | 640/8 | €7,843 | €8,611 | +€768 | +9.8% |
| Operating profit (loss) | 9901 | €69,116 | €353,423 | +€284,307 | +411.3% |
| Financial income | 75/76B | €214,463 | - | -€214,463 | |
| Recurring financial income | 75 | €214,463 | - | -€214,463 | |
| Income from financial fixed assets | 750 | €206,068 | - | -€206,068 | |
| Income from current assets | 751 | €8,395 | - | -€8,395 | |
| Financial charges | 65/66B | €42,748 | €887,119 | +€844,371 | +1975.2% |
| Recurring financial charges | 65 | €42,748 | €887,119 | +€844,371 | +1975.2% |
| Debt charges | 650 | €42,266 | €885,550 | +€843,284 | +1995.2% |
| Other financial charges | 652/9 | €482 | €1,569 | +€1,087 | +225.4% |
| Profit (loss) for the period before taxes | 9903 | €240,831 | -€533,696 | -€774,527 | |
| Income taxes | 67/77 | €0 | €8,691 | +€8,691 | |
| Taxes | 670/3 | €0 | €8,691 | +€8,691 | |
| Profit (loss) for the period | 9904 | €240,831 | -€542,387 | -€783,218 | |
| Profit (loss) for the period to be appropriated | 9905 | €240,831 | -€542,387 | -€783,218 |
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 11 October 2026 via checked.be.