BADIRO: 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.
BADIRO
Largest movements
- Receivables within one year -€29,099
down €29,099 (-45.4%), from €64,141 to €35,042
of which Trade receivables: -€25,285
- Tangible fixed assets +€26,778
up €26,778 (+281%), from €9,523 to €36,301
of which Furniture and vehicles: +€27,377
- Cash -€11,466
down €11,466 (-13.4%), from €85,548 to €74,081
mainly Investment in fixed assets (net) (-€33,562) and Contributions, distributions and other (-€23,290)
- Trade debts -€21,022
down €21,022 (-91.5%), from €22,971 to €1,950
- Reserves +€20,392
up €20,392 (+10.2%), from €198,997 to €219,389
- Tax, wage and social debts -€10,903
down €10,903 (-41.6%), from €26,185 to €15,282
of which Taxes: -€8,903
- Other debts -€4,812
down €4,812 (-50.6%), from €9,501 to €4,689
- Financial charges +€7,974
up €7,974, from -€1,126 to €6,848
- Gross operating margin +€6,334
up €6,334 (+10.1%), from €62,651 to €68,985
- Financial income +€5,230
up €5,230 (+338%), from €1,545 to €6,775
- Depreciation -€1,235
down €1,235 (-15.4%), from €8,019 to €6,784
- Taxes +€1,024
up €1,024 (+6.4%), from €16,089 to €17,113
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 | €257,654 | €241,310 | -€16,345 | -6.3% |
| Fixed assets | 21/28 | €9,523 | €36,301 | +€26,778 | +281% |
| Tangible fixed assets | 22/27 | €9,523 | €36,301 | +€26,778 | +281% |
| Plant, machinery and equipment | 23 | €4,141 | €3,541 | -€599 | -14.5% |
| Furniture and vehicles | 24 | €5,382 | €32,760 | +€27,377 | +509% |
| Current assets | 29/58 | €248,131 | €205,009 | -€43,123 | -17.4% |
| Amounts receivable within one year | 40/41 | €64,141 | €35,042 | -€29,099 | -45.4% |
| Trade receivables | 40 | €50,511 | €25,226 | -€25,285 | -50.1% |
| Other amounts receivable | 41 | €13,630 | €9,816 | -€3,814 | -28.0% |
| Current investments | 50/53 | €90,600 | €88,657 | -€1,943 | -2.1% |
| Cash at bank and in hand | 54/58 | €85,548 | €74,081 | -€11,466 | -13.4% |
| Deferred charges and accrued income | 490/1 | €7,843 | €7,228 | -€615 | -7.8% |
| Total equity and liabilities | 10/49 | €257,654 | €241,310 | -€16,345 | -6.3% |
| Equity | 10/15 | €198,997 | €219,389 | +€20,392 | +10.2% |
| Reserves | 13 | €198,997 | €219,389 | +€20,392 | +10.2% |
| Distributable reserves | 133 | €198,997 | €219,389 | +€20,392 | +10.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €58,657 | €21,921 | -€36,737 | -62.6% |
| Amounts payable within one year | 42/48 | €58,657 | €21,921 | -€36,737 | -62.6% |
| Trade debts | 44 | €22,971 | €1,950 | -€21,022 | -91.5% |
| Suppliers | 440/4 | €22,971 | €1,950 | -€21,022 | -91.5% |
| Taxes, remuneration and social security | 45 | €26,185 | €15,282 | -€10,903 | -41.6% |
| Taxes | 450/3 | €24,185 | €15,282 | -€8,903 | -36.8% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | €9,501 | €4,689 | -€4,812 | -50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,019 | €6,784 | -€1,235 | -15.4% |
| Other operating charges | 640/8 | €1,467 | €1,332 | -€135 | -9.2% |
| Gross operating margin | 9900 | €62,651 | €68,985 | +€6,334 | +10.1% |
| Operating profit (loss) | 9901 | €53,164 | €60,869 | +€7,704 | +14.5% |
| Financial income | 75/76B | €1,545 | €6,775 | +€5,230 | +338% |
| Recurring financial income | 75 | €1,545 | €6,775 | +€5,230 | +338% |
| Financial charges | 65/66B | -€1,126 | €6,848 | +€7,974 | |
| Recurring financial charges | 65 | -€1,126 | €6,848 | +€7,974 | |
| Profit (loss) for the period before taxes | 9903 | €55,836 | €60,796 | +€4,960 | +8.9% |
| Income taxes | 67/77 | €16,089 | €17,113 | +€1,024 | +6.4% |
| Profit (loss) for the period | 9904 | €39,747 | €43,682 | +€3,936 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,747 | €43,682 | +€3,936 | +9.9% |
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 17 October 2026 via checked.be.