BADRI HAIDER: 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.
BADRI HAIDER
Largest movements
- Tangible fixed assets +€365,701
new in 2025: €365,701
of which Land and buildings: +€354,572
- Receivables within one year +€151,675
new in 2025: €151,675
- Cash -€21,855
down €21,855 (-65.9%), from €33,148 to €11,293
mainly Investment in fixed assets (net) (-€419,209) and Receivables within one year (-€151,675)
- Debts after one year +€421,622
new in 2025: €421,622
- Reserves +€42,256
up €42,256 (+194%), from €21,821 to €64,077
- Current portion of long-term debt +€23,594
new in 2025: €23,594
- Tax, wage and social debts +€10,520
up €10,520 (+105%), from €10,027 to €20,547
of which Taxes: +€13,136
- Gross operating margin +€84,778
up €84,778 (+309%), from €27,420 to €112,198
- Depreciation +€53,508
new in 2025: €53,508
- Taxes +€6,348
up €6,348 (+114%), from €5,591 to €11,939
- Financial charges +€6,107
up €6,107 (+81,428%), from €8 to €6,115
- Financial income +€2,472
new in 2025: €2,472
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 | €33,148 | €531,141 | +€497,993 | +1,502% |
| Fixed assets | 21/28 | - | €365,701 | +€365,701 | |
| Tangible fixed assets | 22/27 | - | €365,701 | +€365,701 | |
| Land and buildings | 22 | - | €354,572 | +€354,572 | |
| Other tangible fixed assets | 26 | - | €11,129 | +€11,129 | |
| Current assets | 29/58 | €33,148 | €165,441 | +€132,292 | +399% |
| Amounts receivable within one year | 40/41 | - | €151,675 | +€151,675 | |
| Other amounts receivable | 41 | - | €151,675 | +€151,675 | |
| Cash at bank and in hand | 54/58 | €33,148 | €11,293 | -€21,855 | -65.9% |
| Deferred charges and accrued income | 490/1 | - | €2,472 | +€2,472 | |
| Total equity and liabilities | 10/49 | €33,148 | €531,141 | +€497,993 | +1,502% |
| Equity | 10/15 | €23,121 | €65,377 | +€42,256 | +183% |
| Contributions | 10/11 | €1,300 | €1,300 | = | 0.0% |
| Reserves | 13 | €21,821 | €64,077 | +€42,256 | +194% |
| Distributable reserves | 133 | €21,821 | €64,077 | +€42,256 | +194% |
| Amounts payable | 17/49 | €10,027 | €465,764 | +€455,737 | +4,545% |
| Amounts payable after more than one year | 17 | - | €421,622 | +€421,622 | |
| Financial debts | 170/4 | - | €421,622 | +€421,622 | |
| Amounts payable within one year | 42/48 | €10,027 | €44,142 | +€34,115 | +340% |
| Current portion of amounts payable after more than one year | 42 | - | €23,594 | +€23,594 | |
| Taxes, remuneration and social security | 45 | €10,027 | €20,547 | +€10,520 | +105% |
| Taxes | 450/3 | €6,724 | €19,860 | +€13,136 | +195% |
| Remuneration and social security | 454/9 | €3,303 | €687 | -€2,616 | -79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €53,508 | +€53,508 | |
| Other operating charges | 640/8 | - | €852 | +€852 | |
| Gross operating margin | 9900 | €27,420 | €112,198 | +€84,778 | +309% |
| Operating profit (loss) | 9901 | €27,420 | €57,837 | +€30,418 | +111% |
| Financial income | 75/76B | - | €2,472 | +€2,472 | |
| Recurring financial income | 75 | - | €2,472 | +€2,472 | |
| Financial charges | 65/66B | €8 | €6,115 | +€6,107 | +81,428% |
| Recurring financial charges | 65 | €8 | €6,115 | +€6,107 | +81,428% |
| Profit (loss) for the period before taxes | 9903 | €27,412 | €54,195 | +€26,783 | +97.7% |
| Income taxes | 67/77 | €5,591 | €11,939 | +€6,348 | +114% |
| Profit (loss) for the period | 9904 | €21,821 | €42,256 | +€20,435 | +93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,821 | €42,256 | +€20,435 | +93.6% |
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 16 October 2026 via checked.be.