PAD CONSULTING: 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.
PAD CONSULTING
Largest movements
- Cash +€33,255
up €33,255 (+237%), from €14,027 to €47,282
mainly Net result for the year (+€59,309) and Tax, wage and social debts (+€16,536)
- Receivables after one year -€16,000
down €16,000 (-47.4%), from €33,770 to €17,770
- Tangible fixed assets -€10,453
down €10,453 (-25.6%), from €40,852 to €30,399
of which Furniture and vehicles: -€8,863
- Profit (loss) carried forward +€49,309
new in 2025: €49,309
- Other debts -€35,907
down €35,907 (-97.0%), from €37,030 to €1,122
- Tax, wage and social debts +€16,536
up €16,536 (+58.7%), from €28,147 to €44,683
of which Taxes: +€22,624
- Current portion of long-term debt -€13,618
down €13,618 (-61.1%), from €22,298 to €8,680
- Trade debts -€13,571
down €13,571 (-61.8%), from €21,956 to €8,385
- Gross operating margin +€30,518
up €30,518 (+17.8%), from €171,781 to €202,300
- Taxes +€11,018
up €11,018 (+69.4%), from €15,874 to €26,892
- Staff costs -€8,457
down €8,457 (-8.0%), from €105,210 to €96,753
- Depreciation +€6,748
up €6,748 (+83.9%), from €8,042 to €14,789
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 | €129,517 | €137,531 | +€8,013 | +6.2% |
| Fixed assets | 21/28 | €42,872 | €32,419 | -€10,453 | -24.4% |
| Tangible fixed assets | 22/27 | €40,852 | €30,399 | -€10,453 | -25.6% |
| Land and buildings | 22 | €6,640 | €5,063 | -€1,577 | -23.8% |
| Plant, machinery and equipment | 23 | €7,499 | €7,486 | -€13 | -0.2% |
| Furniture and vehicles | 24 | €26,713 | €17,850 | -€8,863 | -33.2% |
| Financial fixed assets | 28 | €2,020 | €2,020 | = | 0.0% |
| Current assets | 29/58 | €86,645 | €105,112 | +€18,467 | +21.3% |
| Amounts receivable after more than one year | 29 | €33,770 | €17,770 | -€16,000 | -47.4% |
| Other amounts receivable | 291 | €33,770 | €17,770 | -€16,000 | -47.4% |
| Amounts receivable within one year | 40/41 | €36,085 | €37,194 | +€1,109 | +3.1% |
| Trade receivables | 40 | €31,458 | €32,568 | +€1,109 | +3.5% |
| Other amounts receivable | 41 | €4,627 | €4,627 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,027 | €47,282 | +€33,255 | +237% |
| Deferred charges and accrued income | 490/1 | €2,763 | €2,866 | +€102 | +3.7% |
| Total equity and liabilities | 10/49 | €129,517 | €137,531 | +€8,013 | +6.2% |
| Equity | 10/15 | €10,661 | €69,970 | +€59,309 | +556% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,461 | €14,461 | +€10,000 | +224% |
| Non-distributable reserves | 130/1 | €4,461 | €4,461 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,461 | €4,461 | = | 0.0% |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | - | €49,309 | +€49,309 | |
| Amounts payable | 17/49 | €118,856 | €67,560 | -€51,296 | -43.2% |
| Amounts payable after more than one year | 17 | €9,136 | €4,456 | -€4,680 | -51.2% |
| Financial debts | 170/4 | €9,136 | €4,456 | -€4,680 | -51.2% |
| Amounts payable within one year | 42/48 | €109,430 | €62,869 | -€46,561 | -42.5% |
| Current portion of amounts payable after more than one year | 42 | €22,298 | €8,680 | -€13,618 | -61.1% |
| Trade debts | 44 | €21,956 | €8,385 | -€13,571 | -61.8% |
| Suppliers | 440/4 | €21,956 | €8,385 | -€13,571 | -61.8% |
| Taxes, remuneration and social security | 45 | €28,147 | €44,683 | +€16,536 | +58.7% |
| Taxes | 450/3 | €5,793 | €28,417 | +€22,624 | +391% |
| Remuneration and social security | 454/9 | €22,354 | €16,265 | -€6,088 | -27.2% |
| Other amounts payable | 47/48 | €37,030 | €1,122 | -€35,907 | -97.0% |
| Accrued charges and deferred income | 492/3 | €290 | €235 | -€55 | -18.9% |
| Remuneration, social security and pensions | 62 | €105,210 | €96,753 | -€8,457 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,042 | €14,789 | +€6,748 | +83.9% |
| Other operating charges | 640/8 | €2,832 | €2,983 | +€151 | +5.3% |
| Gross operating margin | 9900 | €171,781 | €202,300 | +€30,518 | +17.8% |
| Operating profit (loss) | 9901 | €55,697 | €87,775 | +€32,077 | +57.6% |
| Financial income | 75/76B | €446 | €340 | -€106 | -23.7% |
| Recurring financial income | 75 | €446 | €340 | -€106 | -23.7% |
| Financial charges | 65/66B | €1,546 | €1,914 | +€368 | +23.8% |
| Recurring financial charges | 65 | €1,546 | €1,914 | +€368 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €54,597 | €86,201 | +€31,603 | +57.9% |
| Income taxes | 67/77 | €15,874 | €26,892 | +€11,018 | +69.4% |
| Profit (loss) for the period | 9904 | €38,724 | €59,309 | +€20,585 | +53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,724 | €59,309 | +€20,585 | +53.2% |
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.