BADMEESTER: 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.
BADMEESTER
Largest movements
- Tangible fixed assets -€51,887
down €51,887 (-60.0%), from €86,491 to €34,604
of which Land and buildings: -€35,391
- Receivables within one year +€15,641
up €15,641 (+93.8%), from €16,669 to €32,310
of which Other amounts receivable: +€9,972
- Cash +€7,288
up €7,288 (+3.7%), from €195,079 to €202,367
mainly Investment in fixed assets (net) (+€35,391) and Depreciation (+€16,496)
- Reserves -€33,543
down €33,543 (-14.2%), from €236,315 to €202,772
of which Distributable reserves: -€31,652
- Trade debts +€6,314
up €6,314 (+155%), from €4,071 to €10,385
- Tax, wage and social debts -€4,943
down €4,943 (-35.0%), from €14,141 to €9,197
- Other debts +€3,392
up €3,392 (+8.9%), from €38,122 to €41,514
- Gross operating margin -€23,344
down €23,344 (-26.6%), from €87,797 to €64,453
- Taxes -€14,669
down €14,669 (-81.6%), from €17,976 to €3,308
- Depreciation -€5,548
down €5,548 (-25.2%), from €22,045 to €16,496
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 | €298,849 | €270,068 | -€28,781 | -9.6% |
| Fixed assets | 21/28 | €86,491 | €34,604 | -€51,887 | -60.0% |
| Tangible fixed assets | 22/27 | €86,491 | €34,604 | -€51,887 | -60.0% |
| Land and buildings | 22 | €35,391 | €0 | -€35,391 | -100% |
| Plant, machinery and equipment | 23 | €1,561 | €735 | -€826 | -52.9% |
| Furniture and vehicles | 24 | €49,539 | €33,869 | -€15,671 | -31.6% |
| Current assets | 29/58 | €212,358 | €235,464 | +€23,106 | +10.9% |
| Amounts receivable within one year | 40/41 | €16,669 | €32,310 | +€15,641 | +93.8% |
| Trade receivables | 40 | €14,931 | €20,600 | +€5,669 | +38.0% |
| Other amounts receivable | 41 | €1,739 | €11,710 | +€9,972 | +574% |
| Cash at bank and in hand | 54/58 | €195,079 | €202,367 | +€7,288 | +3.7% |
| Deferred charges and accrued income | 490/1 | €610 | €787 | +€178 | +29.2% |
| Total equity and liabilities | 10/49 | €298,849 | €270,068 | -€28,781 | -9.6% |
| Equity | 10/15 | €242,515 | €208,972 | -€33,543 | -13.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €236,315 | €202,772 | -€33,543 | -14.2% |
| Non-distributable reserves | 130/1 | €1,891 | €0 | -€1,891 | -100% |
| Reserves not available under the articles | 1311 | €1,891 | €0 | -€1,891 | -100% |
| Distributable reserves | 133 | €234,424 | €202,772 | -€31,652 | -13.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,333 | €61,096 | +€4,762 | +8.5% |
| Amounts payable within one year | 42/48 | €56,333 | €61,096 | +€4,762 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,071 | €10,385 | +€6,314 | +155% |
| Suppliers | 440/4 | €4,071 | €10,385 | +€6,314 | +155% |
| Taxes, remuneration and social security | 45 | €14,141 | €9,197 | -€4,943 | -35.0% |
| Taxes | 450/3 | €14,141 | €9,197 | -€4,943 | -35.0% |
| Other amounts payable | 47/48 | €38,122 | €41,514 | +€3,392 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,045 | €16,496 | -€5,548 | -25.2% |
| Other operating charges | 640/8 | €896 | €890 | -€7 | -0.7% |
| Non-recurring operating charges | 66A | - | €35,391 | +€35,391 | |
| Gross operating margin | 9900 | €87,797 | €64,453 | -€23,344 | -26.6% |
| Operating profit (loss) | 9901 | €64,856 | €11,676 | -€53,180 | -82.0% |
| Financial income | 75/76B | €172 | €33 | -€139 | -80.7% |
| Recurring financial income | 75 | €172 | €33 | -€139 | -80.7% |
| Financial charges | 65/66B | €236 | €430 | +€194 | +82.4% |
| Recurring financial charges | 65 | €236 | €430 | +€194 | +82.4% |
| Profit (loss) for the period before taxes | 9903 | €64,792 | €11,279 | -€53,513 | -82.6% |
| Income taxes | 67/77 | €17,976 | €3,308 | -€14,669 | -81.6% |
| Profit (loss) for the period | 9904 | €46,815 | €7,971 | -€38,845 | -83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,815 | €7,971 | -€38,845 | -83.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.