CHOUETTE 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.
CHOUETTE PADEL
Largest movements
- Tangible fixed assets +€75,491
up €75,491 (+8.9%), from €847,589 to €923,080
of which Land and buildings: +€74,320
- Cash +€47,142
up €47,142 (+43.2%), from €109,192 to €156,334
mainly Net result for the year (+€91,166) and Depreciation (+€53,433)
- Receivables within one year +€17,621
up €17,621 (+296%), from €5,960 to €23,581
of which Trade receivables: +€21,789
- Intangible fixed assets -€17,571
no longer reported in 2025 (was €17,571)
- Profit (loss) carried forward +€91,166
up €91,166, from -€29,572 to €61,594
- Accrued charges and deferred income +€40,555
up €40,555 (+1,442%), from €2,812 to €43,367
- Debts after one year -€30,080
down €30,080 (-3.4%), from €896,925 to €866,845
- Tax, wage and social debts +€11,448
up €11,448 (+1,502%), from €762 to €12,210
- Gross operating margin +€148,633
up €148,633 (+228%), from €65,224 to €213,857
- Depreciation +€13,389
up €13,389 (+33.4%), from €40,044 to €53,433
- Taxes +€7,249
new in 2025: €7,249
- Financial charges +€3,348
up €3,348 (+9.0%), from €37,088 to €40,435
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 | €989,733 | €1,113,684 | +€123,951 | +12.5% |
| Fixed assets | 21/28 | €865,159 | €923,080 | +€57,921 | +6.7% |
| Intangible fixed assets | 21 | €17,571 | - | -€17,571 | |
| Tangible fixed assets | 22/27 | €847,589 | €923,080 | +€75,491 | +8.9% |
| Land and buildings | 22 | €835,772 | €910,092 | +€74,320 | +8.9% |
| Plant, machinery and equipment | 23 | - | €528 | +€528 | |
| Furniture and vehicles | 24 | €11,817 | €12,460 | +€644 | +5.4% |
| Current assets | 29/58 | €124,574 | €190,604 | +€66,030 | +53.0% |
| Stocks and contracts in progress | 3 | €5,048 | €6,362 | +€1,314 | +26.0% |
| Stocks | 30/36 | €5,048 | €6,362 | +€1,314 | +26.0% |
| Amounts receivable within one year | 40/41 | €5,960 | €23,581 | +€17,621 | +296% |
| Trade receivables | 40 | €1,792 | €23,581 | +€21,789 | +1,216% |
| Other amounts receivable | 41 | €4,168 | - | -€4,168 | |
| Cash at bank and in hand | 54/58 | €109,192 | €156,334 | +€47,142 | +43.2% |
| Deferred charges and accrued income | 490/1 | €4,374 | €4,327 | -€47 | -1.1% |
| Total equity and liabilities | 10/49 | €989,733 | €1,113,684 | +€123,951 | +12.5% |
| Equity | 10/15 | -€24,572 | €66,594 | +€91,166 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,572 | €61,594 | +€91,166 | |
| Amounts payable | 17/49 | €1,014,305 | €1,047,090 | +€32,785 | +3.2% |
| Amounts payable after more than one year | 17 | €896,925 | €866,845 | -€30,080 | -3.4% |
| Financial debts | 170/4 | €896,925 | €866,845 | -€30,080 | -3.4% |
| Amounts payable within one year | 42/48 | €114,568 | €136,878 | +€22,310 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €76,541 | €80,394 | +€3,854 | +5.0% |
| Trade debts | 44 | €28,258 | €28,299 | +€41 | +0.1% |
| Suppliers | 440/4 | €28,258 | €28,299 | +€41 | +0.1% |
| Advances received on contracts in progress | 46 | €7,016 | €10,724 | +€3,709 | +52.9% |
| Taxes, remuneration and social security | 45 | €762 | €12,210 | +€11,448 | +1,502% |
| Taxes | 450/3 | €762 | €12,210 | +€11,448 | +1,502% |
| Other amounts payable | 47/48 | €1,991 | €5,250 | +€3,258 | +164% |
| Accrued charges and deferred income | 492/3 | €2,812 | €43,367 | +€40,555 | +1,442% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,044 | €53,433 | +€13,389 | +33.4% |
| Other operating charges | 640/8 | €3,683 | €4,003 | +€320 | +8.7% |
| Non-recurring operating charges | 66A | - | €17,571 | +€17,571 | |
| Gross operating margin | 9900 | €65,224 | €213,857 | +€148,633 | +228% |
| Operating profit (loss) | 9901 | €21,497 | €138,851 | +€117,354 | +546% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €37,088 | €40,435 | +€3,348 | +9.0% |
| Recurring financial charges | 65 | €37,088 | €40,435 | +€3,348 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,591 | €98,415 | +€114,006 | |
| Income taxes | 67/77 | - | €7,249 | +€7,249 | |
| Profit (loss) for the period | 9904 | -€15,591 | €91,166 | +€106,757 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,591 | €91,166 | +€106,757 |
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 18 October 2026 via checked.be.