BADIGO: 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.
BADIGO
Largest movements
- Financial fixed assets -€875,528
down €875,528 (-24.2%), from €3.6m to €2.7m
- Receivables within one year +€172,018
up €172,018 (+122%), from €140,698 to €312,715
of which Other amounts receivable: +€143,537
- Other debts -€945,758
down €945,758 (-47.9%), from €2.0m to €1.0m
- Reserves +€260,973
up €260,973 (+58.1%), from €449,177 to €710,149
of which Distributable reserves: +€260,973
- Debts after one year -€101,978
down €101,978 (-7.8%), from €1.3m to €1.2m
- Trade debts +€44,951
up €44,951 (+249%), from €18,071 to €63,022
- Financial income +€274,020
up €274,020 (+78.1%), from €351,078 to €625,099
- Financial charges +€108,479
up €108,479 (+111%), from €97,765 to €206,243
of which Non-recurring financial charges: +€111,942
- Depreciation +€8,601
up €8,601 (+26.3%), from €32,665 to €41,266
- Other operating charges +€7,436
up €7,436 (+23.2%), from €32,007 to €39,443
- Staff costs -€7,051
down €7,051 (-2.9%), from €244,272 to €237,221
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 | €4,150,024 | €3,419,270 | -€730,754 | -17.6% |
| Formation expenses | 20 | €7,050 | €3,022 | -€4,029 | -57.1% |
| Fixed assets | 21/28 | €3,958,117 | €3,079,027 | -€879,090 | -22.2% |
| Intangible fixed assets | 21 | €15,743 | €15,649 | -€93 | -0.6% |
| Tangible fixed assets | 22/27 | €319,278 | €315,810 | -€3,469 | -1.1% |
| Land and buildings | 22 | €246,229 | €240,634 | -€5,595 | -2.3% |
| Plant, machinery and equipment | 23 | €64,987 | €69,115 | +€4,128 | +6.4% |
| Furniture and vehicles | 24 | €8,062 | €6,061 | -€2,001 | -24.8% |
| Financial fixed assets | 28 | €3,623,096 | €2,747,568 | -€875,528 | -24.2% |
| Current assets | 29/58 | €184,857 | €337,221 | +€152,365 | +82.4% |
| Amounts receivable within one year | 40/41 | €140,698 | €312,715 | +€172,018 | +122% |
| Trade receivables | 40 | €36,016 | €64,496 | +€28,480 | +79.1% |
| Other amounts receivable | 41 | €104,682 | €248,219 | +€143,537 | +137% |
| Cash at bank and in hand | 54/58 | €39,617 | €13,148 | -€26,469 | -66.8% |
| Deferred charges and accrued income | 490/1 | €4,542 | €11,358 | +€6,816 | +150% |
| Total equity and liabilities | 10/49 | €4,150,024 | €3,419,270 | -€730,754 | -17.6% |
| Equity | 10/15 | €685,177 | €946,149 | +€260,973 | +38.1% |
| Contributions | 10/11 | €236,000 | €236,000 | = | 0.0% |
| Capital | 10 | €236,000 | €236,000 | = | 0.0% |
| Issued capital | 100 | €236,000 | €236,000 | = | 0.0% |
| Reserves | 13 | €449,177 | €710,149 | +€260,973 | +58.1% |
| Non-distributable reserves | 130/1 | €23,600 | €23,600 | = | 0.0% |
| Legal reserve | 130 | €23,600 | €23,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,848 | €17,848 | = | 0.0% |
| Distributable reserves | 133 | €407,728 | €668,701 | +€260,973 | +64.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €3,464,848 | €2,473,121 | -€991,727 | -28.6% |
| Amounts payable after more than one year | 17 | €1,312,254 | €1,210,277 | -€101,978 | -7.8% |
| Financial debts | 170/4 | €1,312,254 | €1,210,277 | -€101,978 | -7.8% |
| Amounts payable within one year | 42/48 | €2,128,674 | €1,235,941 | -€892,733 | -41.9% |
| Current portion of amounts payable after more than one year | 42 | €96,876 | €101,978 | +€5,101 | +5.3% |
| Trade debts | 44 | €18,071 | €63,022 | +€44,951 | +249% |
| Suppliers | 440/4 | €18,071 | €63,022 | +€44,951 | +249% |
| Taxes, remuneration and social security | 45 | €37,354 | €40,328 | +€2,974 | +8.0% |
| Taxes | 450/3 | €1,495 | €1,515 | +€20 | +1.3% |
| Remuneration and social security | 454/9 | €35,859 | €38,813 | +€2,954 | +8.2% |
| Other amounts payable | 47/48 | €1,976,372 | €1,030,614 | -€945,758 | -47.9% |
| Accrued charges and deferred income | 492/3 | €23,919 | €26,903 | +€2,983 | +12.5% |
| Remuneration, social security and pensions | 62 | €244,272 | €237,221 | -€7,051 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,665 | €41,266 | +€8,601 | +26.3% |
| Other operating charges | 640/8 | €32,007 | €39,443 | +€7,436 | +23.2% |
| Non-recurring operating charges | 66A | €191,627 | €261,316 | +€69,688 | +36.4% |
| Gross operating margin | 9900 | €426,304 | €421,711 | -€4,593 | -1.1% |
| Operating profit (loss) | 9901 | -€74,267 | -€157,534 | -€83,267 | -112% |
| Financial income | 75/76B | €351,078 | €625,099 | +€274,020 | +78.1% |
| Recurring financial income | 75 | €351,078 | €625,099 | +€274,020 | +78.1% |
| Financial charges | 65/66B | €97,765 | €206,243 | +€108,479 | +111% |
| Recurring financial charges | 65 | €97,765 | €94,302 | -€3,463 | -3.5% |
| Non-recurring financial charges | 66B | - | €111,942 | +€111,942 | |
| Profit (loss) for the period before taxes | 9903 | €179,047 | €261,321 | +€82,274 | +46.0% |
| Income taxes | 67/77 | €333 | €348 | +€16 | +4.8% |
| Profit (loss) for the period | 9904 | €178,714 | €260,973 | +€82,258 | +46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €178,714 | €260,973 | +€82,258 | +46.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.