JT PADEL: what changed
Two fiscal 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.
JT PADEL
Largest movements
- Tangible fixed assets +€272,734
up €272,734 (+5734.8%), from €4,756 to €277,489
of which Land and buildings: +€272,078
- Cash +€10,620
up €10,620 (+361.9%), from €2,934 to €13,554
mainly Other debts (+€125,000) and Debts after one year (+€86,887)
- Receivables within one year +€3,986
up €3,986 (+195.5%), from €2,039 to €6,025
of which Trade receivables: +€6,025
- Other debts +€125,000
new in 2024: €125,000
- Debts after one year +€86,887
new in 2024: €86,887
- Profit (loss) carried forward +€27,585
up €27,585, from -€4,740 to €22,845
- Current portion of long-term debt +€25,330
new in 2024: €25,330
- Trade debts +€11,474
new in 2024: €11,474
- Gross operating margin +€62,798
up €62,798, from -€4,142 to €58,656
- Depreciation +€22,305
up €22,305 (+4344.4%), from €513 to €22,819
- Financial charges +€7,784
up €7,784 (+9266.6%), from €84 to €7,868
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,260 | €297,175 | +€286,914 | +2796.3% |
| Formation expenses | 20 | €531 | €106 | -€425 | -80.0% |
| Fixed assets | 21/28 | €4,756 | €277,489 | +€272,734 | +5734.8% |
| Tangible fixed assets | 22/27 | €4,756 | €277,489 | +€272,734 | +5734.8% |
| Land and buildings | 22 | €4,756 | €276,834 | +€272,078 | +5721.0% |
| Furniture and vehicles | 24 | - | €655 | +€655 | |
| Current assets | 29/58 | €4,973 | €19,579 | +€14,606 | +293.7% |
| Amounts receivable within one year | 40/41 | €2,039 | €6,025 | +€3,986 | +195.5% |
| Trade receivables | 40 | - | €6,025 | +€6,025 | |
| Other amounts receivable | 41 | €2,039 | - | -€2,039 | |
| Cash at bank and in hand | 54/58 | €2,934 | €13,554 | +€10,620 | +361.9% |
| Total equity and liabilities | 10/49 | €10,260 | €297,175 | +€286,914 | +2796.3% |
| Equity | 10/15 | €10,260 | €37,845 | +€27,585 | +268.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,740 | €22,845 | +€27,585 | |
| Amounts payable | 17/49 | - | €259,330 | +€259,330 | |
| Amounts payable after more than one year | 17 | - | €86,887 | +€86,887 | |
| Financial debts | 170/4 | - | €86,887 | +€86,887 | |
| Amounts payable within one year | 42/48 | - | €172,443 | +€172,443 | |
| Current portion of amounts payable after more than one year | 42 | - | €25,330 | +€25,330 | |
| Trade debts | 44 | - | €11,474 | +€11,474 | |
| Suppliers | 440/4 | - | €11,474 | +€11,474 | |
| Advances received on contracts in progress | 46 | - | €3,134 | +€3,134 | |
| Taxes, remuneration and social security | 45 | - | €7,505 | +€7,505 | |
| Taxes | 450/3 | - | €7,505 | +€7,505 | |
| Other amounts payable | 47/48 | - | €125,000 | +€125,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €513 | €22,819 | +€22,305 | +4344.4% |
| Other operating charges | 640/8 | - | €384 | +€384 | |
| Gross operating margin | 9900 | -€4,142 | €58,656 | +€62,798 | |
| Operating profit (loss) | 9901 | -€4,656 | €35,453 | +€40,108 | |
| Financial charges | 65/66B | €84 | €7,868 | +€7,784 | +9266.6% |
| Recurring financial charges | 65 | €84 | €7,868 | +€7,784 | +9266.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,740 | €27,585 | +€32,324 | |
| Profit (loss) for the period | 9904 | -€4,740 | €27,585 | +€32,324 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,740 | €27,585 | +€32,324 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.