JM 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.
JM PADEL
Largest movements
- Receivables within one year +€173,156
up €173,156 (+490%), from €35,344 to €208,500
of which Trade receivables: +€170,724
- Cash -€42,441
down €42,441 (-73.0%), from €58,157 to €15,715
mainly Receivables within one year (-€173,156) and Tax, wage and social debts (-€1,781)
- Trade debts +€120,571
up €120,571 (+287%), from €42,024 to €162,595
- Profit (loss) carried forward +€12,363
up €12,363 (+29.2%), from €42,305 to €54,667
- Financial charges +€7,190
up €7,190 (+1,799%), from €400 to €7,590
- Gross operating margin +€4,515
up €4,515 (+22.8%), from €19,819 to €24,335
- Taxes -€1,009
down €1,009 (-18.7%), from €5,391 to €4,382
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 | €93,501 | €224,804 | +€131,303 | +140% |
| Current assets | 29/58 | €93,501 | €224,804 | +€131,303 | +140% |
| Amounts receivable within one year | 40/41 | €35,344 | €208,500 | +€173,156 | +490% |
| Trade receivables | 40 | €8,494 | €179,218 | +€170,724 | +2,010% |
| Other amounts receivable | 41 | €26,850 | €29,282 | +€2,432 | +9.1% |
| Cash at bank and in hand | 54/58 | €58,157 | €15,715 | -€42,441 | -73.0% |
| Deferred charges and accrued income | 490/1 | - | €589 | +€589 | |
| Total equity and liabilities | 10/49 | €93,501 | €224,804 | +€131,303 | +140% |
| Equity | 10/15 | €44,305 | €56,667 | +€12,363 | +27.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,305 | €54,667 | +€12,363 | +29.2% |
| Amounts payable | 17/49 | €49,196 | €168,137 | +€118,941 | +242% |
| Amounts payable within one year | 42/48 | €49,196 | €168,137 | +€118,941 | +242% |
| Trade debts | 44 | €42,024 | €162,595 | +€120,571 | +287% |
| Suppliers | 440/4 | €42,024 | €162,595 | +€120,571 | +287% |
| Taxes, remuneration and social security | 45 | €7,172 | €5,391 | -€1,781 | -24.8% |
| Taxes | 450/3 | €7,172 | €5,391 | -€1,781 | -24.8% |
| Other amounts payable | 47/48 | - | €151 | +€151 | |
| Gross operating margin | 9900 | €19,819 | €24,335 | +€4,515 | +22.8% |
| Operating profit (loss) | 9901 | €19,819 | €24,335 | +€4,515 | +22.8% |
| Financial charges | 65/66B | €400 | €7,590 | +€7,190 | +1,799% |
| Recurring financial charges | 65 | €400 | €7,590 | +€7,190 | +1,799% |
| Profit (loss) for the period before taxes | 9903 | €19,420 | €16,745 | -€2,675 | -13.8% |
| Income taxes | 67/77 | €5,391 | €4,382 | -€1,009 | -18.7% |
| Profit (loss) for the period | 9904 | €14,029 | €12,363 | -€1,666 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,029 | €12,363 | -€1,666 | -11.9% |
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 22 October 2026 via checked.be.