Badman: 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.
Badman
Largest movements
- Cash -€25,740
down €25,740 (-73.7%), from €34,917 to €9,177
mainly Receivables within one year (-€13,736) and Stocks and contracts (-€10,507)
- Receivables within one year +€13,736
up €13,736 (+112%), from €12,304 to €26,040
of which Trade receivables: +€11,280
- Stocks and contracts +€10,507
up €10,507 (+166%), from €6,317 to €16,824
of which Contracts in progress: +€6,650
- Tangible fixed assets -€1,644
down €1,644 (-12.8%), from €12,796 to €11,151
of which Plant, machinery and equipment: -€1,405
- Tax, wage and social debts -€9,014
down €9,014 (-96.7%), from €9,318 to €305
- Debts after one year -€8,808
down €8,808 (-23.6%), from €37,291 to €28,483
- Current portion of long-term debt +€8,808
new in 2024: €8,808
- Other debts +€5,069
new in 2024: €5,069
- Short-term financial debts -€3,927
down €3,927 (-100%), from €3,927 to €0
- Gross operating margin -€27,618
down €27,618 (-77.0%), from €35,862 to €8,244
- Taxes +€907
up €907 (+298%), from €305 to €1,211
- Financial income +€646
up €646 (+9,022%), from €7 to €653
- Financial charges -€488
down €488 (-24.0%), from €2,031 to €1,544
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,874 | €63,192 | -€3,681 | -5.5% |
| Fixed assets | 21/28 | €12,796 | €11,151 | -€1,644 | -12.8% |
| Tangible fixed assets | 22/27 | €12,796 | €11,151 | -€1,644 | -12.8% |
| Plant, machinery and equipment | 23 | €12,187 | €10,783 | -€1,405 | -11.5% |
| Furniture and vehicles | 24 | €608 | €369 | -€240 | -39.4% |
| Current assets | 29/58 | €54,078 | €52,041 | -€2,037 | -3.8% |
| Stocks and contracts in progress | 3 | €6,317 | €16,824 | +€10,507 | +166% |
| Stocks | 30/36 | €6,317 | €10,174 | +€3,857 | +61.1% |
| Contracts in progress | 37 | - | €6,650 | +€6,650 | |
| Amounts receivable within one year | 40/41 | €12,304 | €26,040 | +€13,736 | +112% |
| Trade receivables | 40 | €8,131 | €19,411 | +€11,280 | +139% |
| Other amounts receivable | 41 | €4,173 | €6,629 | +€2,456 | +58.9% |
| Cash at bank and in hand | 54/58 | €34,917 | €9,177 | -€25,740 | -73.7% |
| Deferred charges and accrued income | 490/1 | €540 | €0 | -€540 | -100% |
| Total equity and liabilities | 10/49 | €66,874 | €63,192 | -€3,681 | -5.5% |
| Equity | 10/15 | €3,004 | €6,925 | +€3,920 | +130% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €504 | €4,425 | +€3,920 | +777% |
| Distributable reserves | 133 | €504 | €4,425 | +€3,920 | +777% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €63,869 | €56,268 | -€7,601 | -11.9% |
| Amounts payable after more than one year | 17 | €37,291 | €28,483 | -€8,808 | -23.6% |
| Financial debts | 170/4 | €37,291 | €28,483 | -€8,808 | -23.6% |
| Amounts payable within one year | 42/48 | €26,579 | €27,785 | +€1,206 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | - | €8,808 | +€8,808 | |
| Financial debts | 43 | €3,927 | €0 | -€3,927 | -100% |
| Other loans | 439 | €3,927 | €0 | -€3,927 | -100% |
| Trade debts | 44 | €13,334 | €13,603 | +€270 | +2.0% |
| Suppliers | 440/4 | €13,334 | €13,603 | +€270 | +2.0% |
| Taxes, remuneration and social security | 45 | €9,318 | €305 | -€9,014 | -96.7% |
| Taxes | 450/3 | €9,318 | €305 | -€9,014 | -96.7% |
| Other amounts payable | 47/48 | - | €5,069 | +€5,069 | |
| Non-recurring operating income | 76A | €84 | €0 | -€84 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,355 | €1,644 | +€289 | +21.3% |
| Other operating charges | 640/8 | €802 | €578 | -€225 | -28.0% |
| Gross operating margin | 9900 | €35,862 | €8,244 | -€27,618 | -77.0% |
| Operating profit (loss) | 9901 | €33,705 | €6,022 | -€27,683 | -82.1% |
| Financial income | 75/76B | €7 | €653 | +€646 | +9,022% |
| Recurring financial income | 75 | €7 | €653 | +€646 | +9,022% |
| Financial charges | 65/66B | €2,031 | €1,544 | -€488 | -24.0% |
| Recurring financial charges | 65 | €2,031 | €1,544 | -€488 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €31,681 | €5,132 | -€26,549 | -83.8% |
| Income taxes | 67/77 | €305 | €1,211 | +€907 | +298% |
| Profit (loss) for the period | 9904 | €31,376 | €3,920 | -€27,456 | -87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,376 | €3,920 | -€27,456 | -87.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.