BADRAL MANAGEMENT: 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.
BADRAL MANAGEMENT
Largest movements
- Cash -€85,611
down €85,611 (-77.6%), from €110,300 to €24,689
mainly Current investments (-€80,000) and Net result for the year (-€11,033)
- Current investments +€80,000
new in 2025: €80,000
- Tangible fixed assets -€3,209
down €3,209 (-43.8%), from €7,322 to €4,113
of which Other tangible fixed assets: -€2,019
- Receivables within one year -€1,904
down €1,904 (-75.1%), from €2,536 to €632
- Profit (loss) carried forward -€11,033
down €11,033 (-66.9%), from €16,488 to €5,455
- Gross operating margin +€11,512
up €11,512 (+61.3%), from -€18,775 to -€7,263
- Financial income -€3,226
down €3,226 (-75.2%), from €4,288 to €1,062
- Depreciation -€385
down €385 (-10.7%), from €3,594 to €3,209
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 | €122,715 | €111,939 | -€10,776 | -8.8% |
| Fixed assets | 21/28 | €7,322 | €4,113 | -€3,209 | -43.8% |
| Tangible fixed assets | 22/27 | €7,322 | €4,113 | -€3,209 | -43.8% |
| Plant, machinery and equipment | 23 | €237 | €99 | -€138 | -58.2% |
| Furniture and vehicles | 24 | €2,481 | €1,429 | -€1,052 | -42.4% |
| Other tangible fixed assets | 26 | €4,604 | €2,585 | -€2,019 | -43.9% |
| Current assets | 29/58 | €115,393 | €107,826 | -€7,567 | -6.6% |
| Amounts receivable within one year | 40/41 | €2,536 | €632 | -€1,904 | -75.1% |
| Other amounts receivable | 41 | €2,536 | €632 | -€1,904 | -75.1% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €110,300 | €24,689 | -€85,611 | -77.6% |
| Deferred charges and accrued income | 490/1 | €2,557 | €2,505 | -€52 | -2.0% |
| Total equity and liabilities | 10/49 | €122,715 | €111,939 | -€10,776 | -8.8% |
| Equity | 10/15 | €120,029 | €108,996 | -€11,033 | -9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,941 | €84,941 | = | 0.0% |
| Distributable reserves | 133 | €84,941 | €84,941 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,488 | €5,455 | -€11,033 | -66.9% |
| Amounts payable | 17/49 | €2,686 | €2,943 | +€257 | +9.6% |
| Amounts payable within one year | 42/48 | €2,686 | €2,943 | +€257 | +9.6% |
| Trade debts | 44 | €2,324 | €2,344 | +€20 | +0.9% |
| Suppliers | 440/4 | €2,324 | €2,344 | +€20 | +0.9% |
| Taxes, remuneration and social security | 45 | €45 | €599 | +€554 | +1,231% |
| Taxes | 450/3 | €45 | €599 | +€554 | +1,231% |
| Other amounts payable | 47/48 | €317 | - | -€317 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,594 | €3,209 | -€385 | -10.7% |
| Other operating charges | 640/8 | €1,035 | €1,069 | +€34 | +3.3% |
| Gross operating margin | 9900 | -€18,775 | -€7,263 | +€11,512 | +61.3% |
| Operating profit (loss) | 9901 | -€23,404 | -€11,541 | +€11,863 | +50.7% |
| Financial income | 75/76B | €4,288 | €1,062 | -€3,226 | -75.2% |
| Recurring financial income | 75 | €4,288 | €1,062 | -€3,226 | -75.2% |
| Financial charges | 65/66B | €117 | €131 | +€14 | +12.0% |
| Recurring financial charges | 65 | €117 | €131 | +€14 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,233 | -€10,610 | +€8,623 | +44.8% |
| Income taxes | 67/77 | €318 | €423 | +€105 | +33.0% |
| Profit (loss) for the period | 9904 | -€19,551 | -€11,033 | +€8,518 | +43.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,551 | -€11,033 | +€8,518 | +43.6% |
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 13 October 2026 via checked.be.