BS PADWAL: 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.
BS PADWAL
Largest movements
- Cash -€18,285
down €18,285 (-60.9%), from €30,039 to €11,754
mainly Trade debts (-€15,664) and Tax, wage and social debts (-€13,338)
- Tangible fixed assets -€15,556
down €15,556 (-31.3%), from €49,737 to €34,181
of which Furniture and vehicles: -€15,458
- Stocks and contracts +€6,803
up €6,803 (+14.0%), from €48,697 to €55,501
- Receivables within one year -€2,134
down €2,134 (-4.2%), from €50,592 to €48,458
- Trade debts -€15,664
down €15,664 (-16.0%), from €97,938 to €82,274
- Tax, wage and social debts -€13,338
down €13,338 (-35.9%), from €37,185 to €23,846
of which Remuneration and social security: -€10,811
- Turnover +€50,582
up €50,582 (+4.7%), from €1.1m to €1.1m
- Purchases and services +€33,991
up €33,991 (+3.5%), from €975,145 to €1.0m
- Gross operating margin +€18,251
up €18,251 (+16.0%), from €114,399 to €132,650
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 | €182,758 | €153,953 | -€28,805 | -15.8% |
| Fixed assets | 21/28 | €50,825 | €35,270 | -€15,556 | -30.6% |
| Tangible fixed assets | 22/27 | €49,737 | €34,181 | -€15,556 | -31.3% |
| Plant, machinery and equipment | 23 | €1,055 | €958 | -€97 | -9.2% |
| Furniture and vehicles | 24 | €48,682 | €33,223 | -€15,458 | -31.8% |
| Financial fixed assets | 28 | €1,089 | €1,089 | = | 0.0% |
| Current assets | 29/58 | €131,932 | €118,683 | -€13,249 | -10.0% |
| Stocks and contracts in progress | 3 | €48,697 | €55,501 | +€6,803 | +14.0% |
| Stocks | 30/36 | €48,697 | €55,501 | +€6,803 | +14.0% |
| Amounts receivable within one year | 40/41 | €50,592 | €48,458 | -€2,134 | -4.2% |
| Other amounts receivable | 41 | €50,592 | €48,458 | -€2,134 | -4.2% |
| Cash at bank and in hand | 54/58 | €30,039 | €11,754 | -€18,285 | -60.9% |
| Deferred charges and accrued income | 490/1 | €2,604 | €2,971 | +€367 | +14.1% |
| Total equity and liabilities | 10/49 | €182,758 | €153,953 | -€28,805 | -15.8% |
| Equity | 10/15 | €47,635 | €47,833 | +€198 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,186 | €12,186 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,480 | €1,480 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,480 | €1,480 | = | 0.0% |
| Distributable reserves | 133 | €10,707 | €10,707 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,849 | €17,046 | +€198 | +1.2% |
| Amounts payable | 17/49 | €135,122 | €106,120 | -€29,002 | -21.5% |
| Amounts payable within one year | 42/48 | €135,122 | €106,120 | -€29,002 | -21.5% |
| Trade debts | 44 | €97,938 | €82,274 | -€15,664 | -16.0% |
| Suppliers | 440/4 | €97,938 | €82,274 | -€15,664 | -16.0% |
| Taxes, remuneration and social security | 45 | €37,185 | €23,846 | -€13,338 | -35.9% |
| Taxes | 450/3 | €19,008 | €16,481 | -€2,527 | -13.3% |
| Remuneration and social security | 454/9 | €18,177 | €7,366 | -€10,811 | -59.5% |
| Turnover | 70 | €1,067,085 | €1,117,667 | +€50,582 | +4.7% |
| Non-recurring operating income | 76A | €2 | - | -€2 | |
| Goods, raw materials, services and sundry goods | 60/61 | €975,145 | €1,009,136 | +€33,991 | +3.5% |
| Remuneration, social security and pensions | 62 | €108,755 | €105,391 | -€3,364 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,388 | €15,556 | +€9,168 | +144% |
| Other operating charges | 640/8 | €1,374 | €11,064 | +€9,689 | +705% |
| Gross operating margin | 9900 | €114,399 | €132,650 | +€18,251 | +16.0% |
| Operating profit (loss) | 9901 | -€2,117 | €640 | +€2,758 | |
| Financial income | 75/76B | €2,573 | €2,885 | +€312 | +12.1% |
| Recurring financial income | 75 | €2,573 | €2,885 | +€312 | +12.1% |
| Financial charges | 65/66B | €354 | €658 | +€304 | +85.8% |
| Recurring financial charges | 65 | €354 | €658 | +€304 | +85.8% |
| Profit (loss) for the period before taxes | 9903 | €102 | €2,868 | +€2,766 | +2,723% |
| Income taxes | 67/77 | €44 | €2,670 | +€2,626 | +5,997% |
| Profit (loss) for the period | 9904 | €58 | €198 | +€140 | +242% |
| Profit (loss) for the period to be appropriated | 9905 | €58 | €198 | +€140 | +242% |
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 17 October 2026 via checked.be.