PADA: 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.
PADA
Largest movements
- Tangible fixed assets -€57,328
down €57,328 (-4.8%), from €1.2m to €1.1m
- Debts after one year -€74,699
down €74,699 (-8.3%), from €895,341 to €820,642
- Profit (loss) carried forward +€20,120
up €20,120 (+9.1%), from -€220,853 to -€200,733
- Gross operating margin -€13,208
down €13,208 (-12.9%), from €102,156 to €88,947
- Financial charges -€2,075
down €2,075 (-16.7%), from €12,446 to €10,372
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 | €1,198,957 | €1,143,698 | -€55,259 | -4.6% |
| Fixed assets | 21/28 | €1,196,717 | €1,139,389 | -€57,328 | -4.8% |
| Tangible fixed assets | 22/27 | €1,196,354 | €1,139,026 | -€57,328 | -4.8% |
| Land and buildings | 22 | €1,196,354 | €1,139,026 | -€57,328 | -4.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €2,240 | €4,309 | +€2,069 | +92.3% |
| Cash at bank and in hand | 54/58 | €2,240 | €4,309 | +€2,069 | +92.3% |
| Total equity and liabilities | 10/49 | €1,198,957 | €1,143,698 | -€55,259 | -4.6% |
| Equity | 10/15 | -€214,453 | -€194,333 | +€20,120 | +9.4% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€220,853 | -€200,733 | +€20,120 | +9.1% |
| Amounts payable | 17/49 | €1,413,410 | €1,338,031 | -€75,379 | -5.3% |
| Amounts payable after more than one year | 17 | €895,341 | €820,642 | -€74,699 | -8.3% |
| Financial debts | 170/4 | €895,341 | €820,642 | -€74,699 | -8.3% |
| Amounts payable within one year | 42/48 | €518,069 | €517,389 | -€680 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €78,162 | €74,699 | -€3,463 | -4.4% |
| Financial debts | 43 | €2,075 | €0 | -€2,075 | -100% |
| Credit institutions | 430/8 | €2,075 | €0 | -€2,075 | -100% |
| Trade debts | 44 | - | €3,000 | +€3,000 | |
| Suppliers | 440/4 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €437,833 | €439,690 | +€1,857 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,328 | €57,328 | = | 0.0% |
| Other operating charges | 640/8 | €1,488 | €1,128 | -€360 | -24.2% |
| Gross operating margin | 9900 | €102,156 | €88,947 | -€13,208 | -12.9% |
| Operating profit (loss) | 9901 | €43,340 | €30,492 | -€12,848 | -29.6% |
| Financial charges | 65/66B | €12,446 | €10,372 | -€2,075 | -16.7% |
| Recurring financial charges | 65 | €12,446 | €10,372 | -€2,075 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €30,894 | €20,120 | -€10,774 | -34.9% |
| Profit (loss) for the period | 9904 | €30,894 | €20,120 | -€10,774 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,894 | €20,120 | -€10,774 | -34.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.