BOLA PADEL: 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.
BOLA PADEL
Largest movements
- Tangible fixed assets -€43,648
down €43,648 (-2.3%), from €1.9m to €1.9m
of which Land and buildings: -€50,437
- Intangible fixed assets -€21,018
down €21,018 (-31.8%), from €66,184 to €45,166
- Receivables within one year +€20,600
up €20,600 (+62.0%), from €33,248 to €53,848
of which Other amounts receivable: +€27,305
- Short-term financial debts -€285,904
down €285,904 (-100%), from €285,904 to €0
- Investment grants +€278,912
new in 2025: €278,912
- Reserves +€32,018
up €32,018 (+38.6%), from €82,971 to €114,989
- Tax, wage and social debts -€31,258
down €31,258 (-96.5%), from €32,401 to €1,143
of which Remuneration and social security: -€31,257
- Gross operating margin -€84,546
down €84,546 (-28.6%), from €295,334 to €210,788
- Depreciation +€22,202
up €22,202 (+20.0%), from €111,094 to €133,296
- Financial income +€19,758
up €19,758 (+11,750%), from €168 to €19,926
- Financial charges -€6,445
down €6,445 (-9.9%), from €65,263 to €58,818
- Staff costs +€5,585
new in 2025: €5,585
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 | €2,057,645 | €2,032,324 | -€25,321 | -1.2% |
| Fixed assets | 21/28 | €1,993,349 | €1,928,682 | -€64,666 | -3.2% |
| Intangible fixed assets | 21 | €66,184 | €45,166 | -€21,018 | -31.8% |
| Tangible fixed assets | 22/27 | €1,927,165 | €1,883,517 | -€43,648 | -2.3% |
| Land and buildings | 22 | €1,861,575 | €1,811,138 | -€50,437 | -2.7% |
| Plant, machinery and equipment | 23 | €23,563 | €26,233 | +€2,671 | +11.3% |
| Furniture and vehicles | 24 | €42,028 | €46,145 | +€4,118 | +9.8% |
| Current assets | 29/58 | €64,296 | €103,641 | +€39,345 | +61.2% |
| Stocks and contracts in progress | 3 | €10,896 | €10,843 | -€53 | -0.5% |
| Stocks | 30/36 | €10,896 | €10,843 | -€53 | -0.5% |
| Amounts receivable within one year | 40/41 | €33,248 | €53,848 | +€20,600 | +62.0% |
| Trade receivables | 40 | €7,916 | €1,210 | -€6,705 | -84.7% |
| Other amounts receivable | 41 | €25,333 | €52,638 | +€27,305 | +108% |
| Cash at bank and in hand | 54/58 | €14,934 | €33,759 | +€18,825 | +126% |
| Deferred charges and accrued income | 490/1 | €5,218 | €5,191 | -€27 | -0.5% |
| Total equity and liabilities | 10/49 | €2,057,645 | €2,032,324 | -€25,321 | -1.2% |
| Equity | 10/15 | €247,971 | €558,901 | +€310,930 | +125% |
| Contributions | 10/11 | €165,000 | €165,000 | = | 0.0% |
| Reserves | 13 | €82,971 | €114,989 | +€32,018 | +38.6% |
| Distributable reserves | 133 | €82,971 | €114,989 | +€32,018 | +38.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | - | €278,912 | +€278,912 | |
| Amounts payable | 17/49 | €1,809,674 | €1,473,423 | -€336,251 | -18.6% |
| Amounts payable after more than one year | 17 | €1,276,058 | €1,261,963 | -€14,095 | -1.1% |
| Financial debts | 170/4 | €1,276,058 | €1,261,963 | -€14,095 | -1.1% |
| Amounts payable within one year | 42/48 | €509,027 | €181,035 | -€327,991 | -64.4% |
| Current portion of amounts payable after more than one year | 42 | €90,509 | €101,737 | +€11,228 | +12.4% |
| Financial debts | 43 | €285,904 | €0 | -€285,904 | -100% |
| Credit institutions | 430/8 | €285,904 | €0 | -€285,904 | -100% |
| Trade debts | 44 | €94,697 | €74,334 | -€20,363 | -21.5% |
| Suppliers | 440/4 | €94,697 | €74,334 | -€20,363 | -21.5% |
| Advances received on contracts in progress | 46 | €1,250 | €1,250 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €32,401 | €1,143 | -€31,258 | -96.5% |
| Taxes | 450/3 | €1 | €0 | -€1 | -100% |
| Remuneration and social security | 454/9 | €32,400 | €1,143 | -€31,257 | -96.5% |
| Other amounts payable | 47/48 | €4,266 | €2,571 | -€1,694 | -39.7% |
| Accrued charges and deferred income | 492/3 | €24,589 | €30,425 | +€5,836 | +23.7% |
| Remuneration, social security and pensions | 62 | - | €5,585 | +€5,585 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,094 | €133,296 | +€22,202 | +20.0% |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +158% |
| Gross operating margin | 9900 | €295,334 | €210,788 | -€84,546 | -28.6% |
| Operating profit (loss) | 9901 | €183,853 | €70,909 | -€112,943 | -61.4% |
| Financial income | 75/76B | €168 | €19,926 | +€19,758 | +11,750% |
| Recurring financial income | 75 | €168 | €19,926 | +€19,758 | +11,750% |
| Financial charges | 65/66B | €65,263 | €58,818 | -€6,445 | -9.9% |
| Recurring financial charges | 65 | €65,263 | €58,818 | -€6,445 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €118,758 | €32,018 | -€86,740 | -73.0% |
| Profit (loss) for the period | 9904 | €118,758 | €32,018 | -€86,740 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €118,758 | €32,018 | -€86,740 | -73.0% |
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 23 October 2026 via checked.be.