Badran: 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.
Badran
Largest movements
- Cash +€41,891
up €41,891 (+131%), from €31,948 to €73,839
mainly Net result for the year (+€34,183) and Receivables within one year (+€10,209)
- Receivables within one year -€10,209
no longer reported in 2025 (was €10,209)
- Tangible fixed assets +€1,473
up €1,473 (+11.0%), from €13,395 to €14,868
of which Plant, machinery and equipment: +€3,873
- Profit (loss) carried forward +€34,183
up €34,183 (+11,208%), from €305 to €34,488
- Tax, wage and social debts +€8,477
up €8,477 (+347%), from €2,440 to €10,917
- Trade debts -€6,711
down €6,711 (-77.6%), from €8,648 to €1,937
- Other debts -€3,136
down €3,136 (-10.2%), from €30,689 to €27,553
- Gross operating margin +€11,952
up €11,952 (+16.8%), from €71,320 to €83,272
- Taxes +€6,946
new in 2025: €6,946
- Depreciation +€2,631
up €2,631 (+435%), from €605 to €3,236
- Financial charges -€1,379
down €1,379 (-66.1%), from €2,087 to €708
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 | €62,541 | €95,354 | +€32,813 | +52.5% |
| Fixed assets | 21/28 | €14,595 | €16,068 | +€1,473 | +10.1% |
| Tangible fixed assets | 22/27 | €13,395 | €14,868 | +€1,473 | +11.0% |
| Plant, machinery and equipment | 23 | €1,500 | €5,373 | +€3,873 | +258% |
| Furniture and vehicles | 24 | €11,895 | €9,495 | -€2,400 | -20.2% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €47,946 | €79,286 | +€31,340 | +65.4% |
| Stocks and contracts in progress | 3 | €3,667 | €3,142 | -€525 | -14.3% |
| Stocks | 30/36 | €3,667 | €3,142 | -€525 | -14.3% |
| Amounts receivable within one year | 40/41 | €10,209 | - | -€10,209 | |
| Trade receivables | 40 | €10,209 | - | -€10,209 | |
| Cash at bank and in hand | 54/58 | €31,948 | €73,839 | +€41,891 | +131% |
| Deferred charges and accrued income | 490/1 | €2,122 | €2,305 | +€183 | +8.6% |
| Total equity and liabilities | 10/49 | €62,541 | €95,354 | +€32,813 | +52.5% |
| Equity | 10/15 | €20,765 | €54,948 | +€34,183 | +165% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €305 | €34,488 | +€34,183 | +11,208% |
| Amounts payable | 17/49 | €41,776 | €40,406 | -€1,370 | -3.3% |
| Amounts payable within one year | 42/48 | €41,776 | €40,406 | -€1,370 | -3.3% |
| Trade debts | 44 | €8,648 | €1,937 | -€6,711 | -77.6% |
| Suppliers | 440/4 | €8,648 | €1,937 | -€6,711 | -77.6% |
| Taxes, remuneration and social security | 45 | €2,440 | €10,917 | +€8,477 | +347% |
| Taxes | 450/3 | €2,440 | €10,917 | +€8,477 | +347% |
| Other amounts payable | 47/48 | €30,689 | €27,553 | -€3,136 | -10.2% |
| Remuneration, social security and pensions | 62 | €36,686 | €37,460 | +€774 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €605 | €3,236 | +€2,631 | +435% |
| Other operating charges | 640/8 | €739 | €739 | +€1 | +0.1% |
| Gross operating margin | 9900 | €71,320 | €83,272 | +€11,952 | +16.8% |
| Operating profit (loss) | 9901 | €33,291 | €41,837 | +€8,546 | +25.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +80.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +80.0% |
| Financial charges | 65/66B | €2,087 | €708 | -€1,379 | -66.1% |
| Recurring financial charges | 65 | €2,087 | €708 | -€1,379 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | €31,204 | €41,129 | +€9,925 | +31.8% |
| Income taxes | 67/77 | - | €6,946 | +€6,946 | |
| Profit (loss) for the period | 9904 | €31,204 | €34,183 | +€2,979 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,204 | €34,183 | +€2,979 | +9.5% |
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.