BADOR: 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.
BADOR
Largest movements
- Current investments +€8,562
new in 2025: €8,562
- Tangible fixed assets -€3,462
down €3,462 (-41.7%), from €8,310 to €4,848
of which Furniture and vehicles: -€2,089
- Deferred charges and accrued income +€3,437
up €3,437 (+141%), from €2,441 to €5,878
- Cash +€2,834
up €2,834 (+12.2%), from €23,182 to €26,017
mainly Trade debts (+€8,482) and Net result for the year (+€6,356)
- Stocks and contracts -€2,596
down €2,596 (-53.8%), from €4,823 to €2,227
- Reserves +€36,832
new in 2025: €36,832
- Profit (loss) carried forward -€30,476
down €30,476 (-100%), from €30,476 to €0
- Trade debts +€8,482
up €8,482 (+589%), from €1,440 to €9,922
- Tax, wage and social debts -€4,595
down €4,595 (-100%), from €4,595 to €0
- Other debts -€3,455
down €3,455 (-69.8%), from €4,946 to €1,491
- Other operating charges +€3,295
up €3,295 (+48.1%), from €6,849 to €10,144
- Gross operating margin +€2,567
up €2,567 (+10.2%), from €25,177 to €27,744
- Financial charges +€2,370
up €2,370 (+506%), from €468 to €2,838
- Taxes +€1,598
up €1,598 (+34.8%), from €4,588 to €6,186
- Financial income +€1,012
up €1,012 (+438%), from €231 to €1,243
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 | €46,609 | €53,425 | +€6,816 | +14.6% |
| Fixed assets | 21/28 | €8,310 | €4,848 | -€3,462 | -41.7% |
| Tangible fixed assets | 22/27 | €8,310 | €4,848 | -€3,462 | -41.7% |
| Plant, machinery and equipment | 23 | €4,568 | €3,195 | -€1,373 | -30.1% |
| Furniture and vehicles | 24 | €3,742 | €1,653 | -€2,089 | -55.8% |
| Current assets | 29/58 | €38,299 | €48,576 | +€10,278 | +26.8% |
| Stocks and contracts in progress | 3 | €4,823 | €2,227 | -€2,596 | -53.8% |
| Stocks | 30/36 | €4,823 | €2,227 | -€2,596 | -53.8% |
| Amounts receivable within one year | 40/41 | €7,852 | €5,893 | -€1,960 | -25.0% |
| Trade receivables | 40 | €4,853 | €272 | -€4,581 | -94.4% |
| Other amounts receivable | 41 | €2,999 | €5,621 | +€2,622 | +87.4% |
| Current investments | 50/53 | - | €8,562 | +€8,562 | |
| Cash at bank and in hand | 54/58 | €23,182 | €26,017 | +€2,834 | +12.2% |
| Deferred charges and accrued income | 490/1 | €2,441 | €5,878 | +€3,437 | +141% |
| Total equity and liabilities | 10/49 | €46,609 | €53,425 | +€6,816 | +14.6% |
| Equity | 10/15 | €32,476 | €38,832 | +€6,356 | +19.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €36,832 | +€36,832 | |
| Distributable reserves | 133 | - | €36,832 | +€36,832 | |
| Profit (loss) carried forward | 14 | €30,476 | €0 | -€30,476 | -100% |
| Amounts payable | 17/49 | €14,133 | €14,592 | +€460 | +3.3% |
| Amounts payable after more than one year | 17 | €622 | €0 | -€622 | -100% |
| Financial debts | 170/4 | €622 | €0 | -€622 | -100% |
| Amounts payable within one year | 42/48 | €13,511 | €14,592 | +€1,081 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €2,388 | €622 | -€1,766 | -74.0% |
| Financial debts | 43 | €142 | €57 | -€85 | -59.9% |
| Credit institutions | 430/8 | €142 | €57 | -€85 | -59.9% |
| Trade debts | 44 | €1,440 | €9,922 | +€8,482 | +589% |
| Suppliers | 440/4 | €1,440 | €9,922 | +€8,482 | +589% |
| Advances received on contracts in progress | 46 | - | €2,500 | +€2,500 | |
| Taxes, remuneration and social security | 45 | €4,595 | €0 | -€4,595 | -100% |
| Taxes | 450/3 | €4,595 | €0 | -€4,595 | -100% |
| Other amounts payable | 47/48 | €4,946 | €1,491 | -€3,455 | -69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,130 | €3,462 | -€668 | -16.2% |
| Other operating charges | 640/8 | €6,849 | €10,144 | +€3,295 | +48.1% |
| Gross operating margin | 9900 | €25,177 | €27,744 | +€2,567 | +10.2% |
| Operating profit (loss) | 9901 | €14,198 | €14,137 | -€61 | -0.4% |
| Financial income | 75/76B | €231 | €1,243 | +€1,012 | +438% |
| Recurring financial income | 75 | €231 | €1,243 | +€1,012 | +438% |
| Financial charges | 65/66B | €468 | €2,838 | +€2,370 | +506% |
| Recurring financial charges | 65 | €468 | €2,838 | +€2,370 | +506% |
| Profit (loss) for the period before taxes | 9903 | €13,960 | €12,542 | -€1,418 | -10.2% |
| Income taxes | 67/77 | €4,588 | €6,186 | +€1,598 | +34.8% |
| Profit (loss) for the period | 9904 | €9,372 | €6,356 | -€3,016 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,372 | €6,356 | -€3,016 | -32.2% |
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 15 October 2026 via checked.be.