BADIKEL: 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.
BADIKEL
Largest movements
- Cash +€170,946
up €170,946 (+276.1%), from €61,907 to €232,853
mainly Current investments (+€150,000) and Net result for the year (+€30,376)
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Reserves +€19,124
up €19,124 (+9.9%), from €193,216 to €212,340
of which Distributable reserves: +€19,124
- Financial income +€2,233
up €2,233 (+632.5%), from €353 to €2,586
- Gross operating margin -€1,925
down €1,925 (-3.8%), from €50,797 to €48,871
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 | €258,800 | €279,639 | +€20,838 | +8.1% |
| Fixed assets | 21/28 | €44,677 | €43,120 | -€1,558 | -3.5% |
| Tangible fixed assets | 22/27 | €44,677 | €43,120 | -€1,558 | -3.5% |
| Land and buildings | 22 | €44,677 | €43,120 | -€1,558 | -3.5% |
| Current assets | 29/58 | €214,123 | €236,519 | +€22,396 | +10.5% |
| Amounts receivable within one year | 40/41 | €1,584 | €3,246 | +€1,662 | +104.9% |
| Other amounts receivable | 41 | €1,584 | €3,246 | +€1,662 | +104.9% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €61,907 | €232,853 | +€170,946 | +276.1% |
| Deferred charges and accrued income | 490/1 | €633 | €421 | -€212 | -33.5% |
| Total equity and liabilities | 10/49 | €258,800 | €279,639 | +€20,838 | +8.1% |
| Equity | 10/15 | €240,254 | €259,377 | +€19,124 | +8.0% |
| Contributions | 10/11 | €47,038 | €47,038 | = | 0.0% |
| Reserves | 13 | €193,216 | €212,340 | +€19,124 | +9.9% |
| Non-distributable reserves | 130/1 | €4,704 | €4,704 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,704 | €4,704 | = | 0.0% |
| Distributable reserves | 133 | €188,512 | €207,636 | +€19,124 | +10.1% |
| Amounts payable | 17/49 | €18,547 | €20,261 | +€1,715 | +9.2% |
| Amounts payable within one year | 42/48 | €14,107 | €16,803 | +€2,697 | +19.1% |
| Taxes, remuneration and social security | 45 | €7,679 | €7,623 | -€56 | -0.7% |
| Taxes | 450/3 | €7,679 | €7,623 | -€56 | -0.7% |
| Other amounts payable | 47/48 | €6,428 | €9,181 | +€2,753 | +42.8% |
| Accrued charges and deferred income | 492/3 | €4,440 | €3,458 | -€982 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,558 | €1,558 | = | 0.0% |
| Other operating charges | 640/8 | €4,311 | €3,849 | -€462 | -10.7% |
| Gross operating margin | 9900 | €50,797 | €48,871 | -€1,925 | -3.8% |
| Operating profit (loss) | 9901 | €44,928 | €43,465 | -€1,463 | -3.3% |
| Financial income | 75/76B | €353 | €2,586 | +€2,233 | +632.5% |
| Recurring financial income | 75 | €353 | €2,586 | +€2,233 | +632.5% |
| Financial charges | 65/66B | €303 | €304 | +€1 | +0.5% |
| Recurring financial charges | 65 | €303 | €304 | +€1 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €44,979 | €45,747 | +€768 | +1.7% |
| Income taxes | 67/77 | €15,623 | €15,371 | -€251 | -1.6% |
| Profit (loss) for the period | 9904 | €29,356 | €30,376 | +€1,020 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,356 | €30,376 | +€1,020 | +3.5% |
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.