BADU: 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.
BADU
Largest movements
- Tangible fixed assets -€20,819
down €20,819 (-4.2%), from €490,433 to €469,614
of which Land and buildings: -€16,392
- Cash -€15,246
down €15,246 (-26.9%), from €56,737 to €41,491
mainly Other debts (-€14,714) and Net result for the year (-€11,093)
- Other debts -€14,714
down €14,714 (-4.2%), from €349,317 to €334,603
- Profit (loss) carried forward -€6,573
down €6,573 (-8.7%), from -€75,701 to -€82,274
- Purchases and services +€28,544
new in 2025: €28,544
- Turnover +€15,076
new in 2025: €15,076
- Gross operating margin +€3,549
up €3,549 (+29.9%), from €11,883 to €15,431
- Other operating charges +€2,346
up €2,346 (+245.6%), from €955 to €3,301
- Financial charges -€201
down €201 (-5.2%), from €3,890 to €3,689
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 | €549,564 | €516,309 | -€33,255 | -6.1% |
| Fixed assets | 21/28 | €490,433 | €469,614 | -€20,819 | -4.2% |
| Tangible fixed assets | 22/27 | €490,433 | €469,614 | -€20,819 | -4.2% |
| Land and buildings | 22 | €482,335 | €465,943 | -€16,392 | -3.4% |
| Furniture and vehicles | 24 | €8,098 | €3,671 | -€4,427 | -54.7% |
| Current assets | 29/58 | €59,131 | €46,695 | -€12,436 | -21.0% |
| Stocks and contracts in progress | 3 | €1,047 | €1,047 | = | 0.0% |
| Stocks | 30/36 | €1,047 | €1,047 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €398 | €4,157 | +€3,759 | +943.8% |
| Trade receivables | 40 | - | €2,338 | +€2,338 | |
| Other amounts receivable | 41 | €398 | €1,819 | +€1,421 | +356.9% |
| Cash at bank and in hand | 54/58 | €56,737 | €41,491 | -€15,246 | -26.9% |
| Deferred charges and accrued income | 490/1 | €949 | €0 | -€949 | -100.0% |
| Total equity and liabilities | 10/49 | €549,564 | €516,309 | -€33,255 | -6.1% |
| Equity | 10/15 | €67,875 | €56,782 | -€11,093 | -16.3% |
| Contributions | 10/11 | €35,400 | €35,400 | = | 0.0% |
| Reserves | 13 | €108,175 | €103,656 | -€4,520 | -4.2% |
| Tax-exempt reserves | 132 | €108,175 | €103,656 | -€4,520 | -4.2% |
| Profit (loss) carried forward | 14 | -€75,701 | -€82,274 | -€6,573 | -8.7% |
| Provisions and deferred taxes | 16 | €36,059 | €34,552 | -€1,507 | -4.2% |
| Deferred taxes | 168 | €36,059 | €34,552 | -€1,507 | -4.2% |
| Amounts payable | 17/49 | €445,631 | €424,975 | -€20,656 | -4.6% |
| Amounts payable after more than one year | 17 | €89,732 | €84,297 | -€5,435 | -6.1% |
| Financial debts | 170/4 | €89,732 | €84,297 | -€5,435 | -6.1% |
| Amounts payable within one year | 42/48 | €355,898 | €340,678 | -€15,220 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €5,232 | €5,435 | +€203 | +3.9% |
| Trade debts | 44 | €929 | €204 | -€725 | -78.1% |
| Suppliers | 440/4 | €929 | €204 | -€725 | -78.1% |
| Taxes, remuneration and social security | 45 | €421 | €436 | +€15 | +3.7% |
| Taxes | 450/3 | €421 | €436 | +€15 | +3.7% |
| Other amounts payable | 47/48 | €349,317 | €334,603 | -€14,714 | -4.2% |
| Turnover | 70 | - | €15,076 | +€15,076 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €28,544 | +€28,544 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,819 | €20,819 | = | 0.0% |
| Other operating charges | 640/8 | €955 | €3,301 | +€2,346 | +245.6% |
| Gross operating margin | 9900 | €11,883 | €15,431 | +€3,549 | +29.9% |
| Operating profit (loss) | 9901 | -€9,891 | -€8,688 | +€1,203 | +12.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €3,890 | €3,689 | -€201 | -5.2% |
| Recurring financial charges | 65 | €3,890 | €3,689 | -€201 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,781 | -€12,377 | +€1,403 | +10.2% |
| Transfer from deferred taxes | 780 | €1,507 | €1,507 | = | 0.0% |
| Income taxes | 67/77 | €214 | €222 | +€8 | +3.6% |
| Profit (loss) for the period | 9904 | -€12,488 | -€11,093 | +€1,396 | +11.2% |
| Transfer from tax-exempt reserves | 789 | €4,520 | €4,520 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,969 | -€6,573 | +€1,396 | +17.5% |
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 11 October 2026 via checked.be.