Badreno: 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.
Badreno
Largest movements
- Receivables within one year +€50,580
up €50,580 (+149.3%), from €33,879 to €84,459
of which Trade receivables: +€29,478
- Stocks and contracts +€9,510
new in 2025: €9,510
- Tangible fixed assets -€3,186
down €3,186 (-46.2%), from €6,895 to €3,708
- Cash -€1,355
down €1,355 (-50.0%), from €2,708 to €1,353
mainly Receivables within one year (-€50,580) and Stocks and contracts (-€9,510)
- Reserves +€28,195
up €28,195 (+101.4%), from €27,813 to €56,009
- Tax, wage and social debts +€14,465
up €14,465 (+132.0%), from €10,955 to €25,420
- Trade debts +€9,104
up €9,104 (+208.9%), from €4,359 to €13,463
- Other debts +€2,793
up €2,793 (+1346.3%), from €207 to €3,000
- Gross operating margin +€11,748
up €11,748 (+18.9%), from €62,187 to €73,935
- Financial charges -€7,840
down €7,840 (-53.0%), from €14,784 to €6,945
- Staff costs -€4,337
down €4,337 (-85.5%), from €5,072 to €735
- Taxes +€2,407
up €2,407 (+25.2%), from €9,556 to €11,963
- Financial income +€1,062
up €1,062 (+9808.0%), from €11 to €1,073
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 | €44,835 | €99,392 | +€54,557 | +121.7% |
| Formation expenses | 20 | €722 | €361 | -€361 | -50.0% |
| Fixed assets | 21/28 | €6,895 | €3,708 | -€3,186 | -46.2% |
| Tangible fixed assets | 22/27 | €6,895 | €3,708 | -€3,186 | -46.2% |
| Plant, machinery and equipment | 23 | €6,895 | €3,708 | -€3,186 | -46.2% |
| Current assets | 29/58 | €37,218 | €95,322 | +€58,104 | +156.1% |
| Stocks and contracts in progress | 3 | - | €9,510 | +€9,510 | |
| Stocks | 30/36 | - | €9,510 | +€9,510 | |
| Amounts receivable within one year | 40/41 | €33,879 | €84,459 | +€50,580 | +149.3% |
| Trade receivables | 40 | €7,411 | €36,889 | +€29,478 | +397.8% |
| Other amounts receivable | 41 | €26,468 | €47,570 | +€21,102 | +79.7% |
| Cash at bank and in hand | 54/58 | €2,708 | €1,353 | -€1,355 | -50.0% |
| Deferred charges and accrued income | 490/1 | €632 | - | -€632 | |
| Total equity and liabilities | 10/49 | €44,835 | €99,392 | +€54,557 | +121.7% |
| Equity | 10/15 | €29,313 | €57,509 | +€28,195 | +96.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €27,813 | €56,009 | +€28,195 | +101.4% |
| Distributable reserves | 133 | €27,813 | €56,009 | +€28,195 | +101.4% |
| Amounts payable | 17/49 | €15,522 | €41,883 | +€26,361 | +169.8% |
| Amounts payable within one year | 42/48 | €15,522 | €41,883 | +€26,361 | +169.8% |
| Trade debts | 44 | €4,359 | €13,463 | +€9,104 | +208.9% |
| Suppliers | 440/4 | €4,359 | €13,463 | +€9,104 | +208.9% |
| Taxes, remuneration and social security | 45 | €10,955 | €25,420 | +€14,465 | +132.0% |
| Taxes | 450/3 | €10,955 | €25,420 | +€14,465 | +132.0% |
| Other amounts payable | 47/48 | €207 | €3,000 | +€2,793 | +1346.3% |
| Non-recurring operating income | 76A | - | €5,361 | +€5,361 | |
| Remuneration, social security and pensions | 62 | €5,072 | €735 | -€4,337 | -85.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,025 | €3,547 | +€522 | +17.3% |
| Other operating charges | 640/8 | €1,947 | €1,809 | -€138 | -7.1% |
| Non-recurring operating charges | 66A | - | €21,814 | +€21,814 | |
| Gross operating margin | 9900 | €62,187 | €73,935 | +€11,748 | +18.9% |
| Operating profit (loss) | 9901 | €52,143 | €46,030 | -€6,112 | -11.7% |
| Financial income | 75/76B | €11 | €1,073 | +€1,062 | +9808.0% |
| Recurring financial income | 75 | €11 | €1,073 | +€1,062 | +9808.0% |
| Financial charges | 65/66B | €14,784 | €6,945 | -€7,840 | -53.0% |
| Recurring financial charges | 65 | €14,784 | €6,945 | -€7,840 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €37,369 | €40,159 | +€2,789 | +7.5% |
| Income taxes | 67/77 | €9,556 | €11,963 | +€2,407 | +25.2% |
| Profit (loss) for the period | 9904 | €27,813 | €28,195 | +€382 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,813 | €28,195 | +€382 | +1.4% |
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 12 October 2026 via checked.be.