BADULAQUE: 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.
BADULAQUE
Largest movements
- Current investments +€501,009
up €501,009 (+708.1%), from €70,756 to €571,765
- Tangible fixed assets +€321,385
up €321,385 (+2.6%), from €12.4m to €12.8m
of which Land and buildings: +€323,567
- Other debts +€700,000
up €700,000 (+5.4%), from €12.8m to €13.5m
- Gross operating margin +€90,413
up €90,413 (+16.1%), from €562,279 to €652,692
- Other operating charges -€73,099
down €73,099 (-34.7%), from €210,373 to €137,273
- Depreciation +€11,647
up €11,647 (+3.1%), from €371,468 to €383,115
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 | €12,677,331 | €13,507,356 | +€830,025 | +6.5% |
| Fixed assets | 21/28 | €12,440,031 | €12,761,416 | +€321,385 | +2.6% |
| Tangible fixed assets | 22/27 | €12,440,031 | €12,761,416 | +€321,385 | +2.6% |
| Land and buildings | 22 | €12,425,815 | €12,749,382 | +€323,567 | +2.6% |
| Other tangible fixed assets | 26 | €14,215 | €12,033 | -€2,182 | -15.4% |
| Current assets | 29/58 | €237,300 | €745,940 | +€508,640 | +214.3% |
| Amounts receivable within one year | 40/41 | €24,727 | €24,660 | -€68 | -0.3% |
| Other amounts receivable | 41 | €24,727 | €24,660 | -€68 | -0.3% |
| Current investments | 50/53 | €70,756 | €571,765 | +€501,009 | +708.1% |
| Cash at bank and in hand | 54/58 | €141,817 | €148,846 | +€7,029 | +5.0% |
| Deferred charges and accrued income | 490/1 | - | €670 | +€670 | |
| Total equity and liabilities | 10/49 | €12,677,331 | €13,507,356 | +€830,025 | +6.5% |
| Equity | 10/15 | -€213,973 | -€79,237 | +€134,736 | +63.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€713,973 | -€579,237 | +€134,736 | +18.9% |
| Amounts payable | 17/49 | €12,891,304 | €13,586,593 | +€695,288 | +5.4% |
| Amounts payable within one year | 42/48 | €12,860,088 | €13,558,218 | +€698,130 | +5.4% |
| Trade debts | 44 | €10,132 | €8,262 | -€1,870 | -18.5% |
| Suppliers | 440/4 | €10,132 | €8,262 | -€1,870 | -18.5% |
| Other amounts payable | 47/48 | €12,849,956 | €13,549,956 | +€700,000 | +5.4% |
| Accrued charges and deferred income | 492/3 | €31,216 | €28,375 | -€2,841 | -9.1% |
| Non-recurring operating income | 76A | €248 | - | -€248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371,468 | €383,115 | +€11,647 | +3.1% |
| Other operating charges | 640/8 | €210,373 | €137,273 | -€73,099 | -34.7% |
| Gross operating margin | 9900 | €562,279 | €652,692 | +€90,413 | +16.1% |
| Operating profit (loss) | 9901 | -€19,562 | €132,304 | +€151,865 | |
| Financial income | 75/76B | €757 | €2,551 | +€1,794 | +237.0% |
| Recurring financial income | 75 | €757 | €1,442 | +€685 | +90.5% |
| Non-recurring financial income | 76B | - | €1,109 | +€1,109 | |
| Financial charges | 65/66B | €156 | €118 | -€38 | -24.2% |
| Recurring financial charges | 65 | €156 | €118 | -€38 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,961 | €134,736 | +€153,697 | |
| Profit (loss) for the period | 9904 | -€18,961 | €134,736 | +€153,697 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,961 | €134,736 | +€153,697 |
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.