BADOT: 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.
BADOT
Largest movements
- Receivables within one year +€38,974
up €38,974 (+14.1%), from €275,886 to €314,860
of which Other amounts receivable: +€38,421
- Other debts +€36,701
up €36,701 (+100.8%), from €36,394 to €73,095
- Gross operating margin +€30,202
up €30,202 (+53.7%), from €56,256 to €86,458
- Taxes +€8,640
up €8,640 (+66.1%), from €13,080 to €21,721
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 | €275,960 | €315,368 | +€39,407 | +14.3% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €275,960 | €315,368 | +€39,407 | +14.3% |
| Amounts receivable within one year | 40/41 | €275,886 | €314,860 | +€38,974 | +14.1% |
| Trade receivables | 40 | €5,574 | €6,127 | +€553 | +9.9% |
| Other amounts receivable | 41 | €270,312 | €308,733 | +€38,421 | +14.2% |
| Cash at bank and in hand | 54/58 | €0 | €0 | +€0 | +50.0% |
| Deferred charges and accrued income | 490/1 | €75 | €508 | +€434 | +580.7% |
| Total equity and liabilities | 10/49 | €275,960 | €315,368 | +€39,407 | +14.3% |
| Equity | 10/15 | €201,429 | €202,321 | +€892 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €182,829 | €183,721 | +€892 | +0.5% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €179,109 | €180,001 | +€892 | +0.5% |
| Amounts payable | 17/49 | €74,532 | €113,047 | +€38,515 | +51.7% |
| Amounts payable within one year | 42/48 | €74,532 | €113,047 | +€38,515 | +51.7% |
| Financial debts | 43 | €2,512 | €2,490 | -€22 | -0.9% |
| Credit institutions | 430/8 | €2,512 | €2,490 | -€22 | -0.9% |
| Trade debts | 44 | €2,262 | €1,018 | -€1,244 | -55.0% |
| Suppliers | 440/4 | €2,262 | €1,018 | -€1,244 | -55.0% |
| Taxes, remuneration and social security | 45 | €33,364 | €36,445 | +€3,080 | +9.2% |
| Taxes | 450/3 | €33,364 | €36,445 | +€3,080 | +9.2% |
| Other amounts payable | 47/48 | €36,394 | €73,095 | +€36,701 | +100.8% |
| Other operating charges | 640/8 | €886 | €659 | -€228 | -25.7% |
| Gross operating margin | 9900 | €56,256 | €86,458 | +€30,202 | +53.7% |
| Operating profit (loss) | 9901 | €55,369 | €85,799 | +€30,430 | +55.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,714 | €2,092 | +€378 | +22.0% |
| Recurring financial charges | 65 | €1,714 | €2,092 | +€378 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €53,655 | €83,707 | +€30,052 | +56.0% |
| Income taxes | 67/77 | €13,080 | €21,721 | +€8,640 | +66.1% |
| Profit (loss) for the period | 9904 | €40,575 | €61,987 | +€21,412 | +52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,575 | €61,987 | +€21,412 | +52.8% |
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 2 October 2026 via checked.be.