PADAG: 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.
PADAG
Largest movements
- Cash +€5,575
up €5,575 (+73.2%), from €7,621 to €13,195
mainly Net result for the year (+€34,583) and Tax, wage and social debts (+€15,003)
- Receivables within one year +€2,839
up €2,839 (+3.6%), from €78,369 to €81,208
of which Other amounts receivable: +€6,245
- Tax, wage and social debts +€15,003
up €15,003 (+83.4%), from €17,995 to €32,998
- Profit (loss) carried forward -€8,274
down €8,274 (-12.1%), from €68,591 to €60,317
- Trade debts +€2,197
up €2,197 (+172%), from €1,275 to €3,472
- Gross operating margin +€20,717
up €20,717 (+54.6%), from €37,964 to €58,681
- Taxes +€5,025
up €5,025 (+66.3%), from €7,574 to €12,599
- Other operating charges -€4,278
down €4,278 (-77.8%), from €5,500 to €1,222
- Financial charges +€3,660
up €3,660 (+72.6%), from €5,042 to €8,702
- Depreciation +€831
up €831 (+228%), from €364 to €1,195
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 | €87,861 | €96,787 | +€8,926 | +10.2% |
| Fixed assets | 21/28 | €1,872 | €2,384 | +€512 | +27.4% |
| Tangible fixed assets | 22/27 | €1,872 | €2,384 | +€512 | +27.4% |
| Plant, machinery and equipment | 23 | €1,872 | €1,777 | -€94 | -5.0% |
| Furniture and vehicles | 24 | - | €607 | +€607 | |
| Current assets | 29/58 | €85,989 | €94,403 | +€8,414 | +9.8% |
| Amounts receivable within one year | 40/41 | €78,369 | €81,208 | +€2,839 | +3.6% |
| Trade receivables | 40 | €25,966 | €22,560 | -€3,406 | -13.1% |
| Other amounts receivable | 41 | €52,403 | €58,648 | +€6,245 | +11.9% |
| Cash at bank and in hand | 54/58 | €7,621 | €13,195 | +€5,575 | +73.2% |
| Total equity and liabilities | 10/49 | €87,861 | €96,787 | +€8,926 | +10.2% |
| Equity | 10/15 | €68,591 | €60,317 | -€8,274 | -12.1% |
| Profit (loss) carried forward | 14 | €68,591 | €60,317 | -€8,274 | -12.1% |
| Amounts payable | 17/49 | €19,270 | €36,470 | +€17,200 | +89.3% |
| Amounts payable within one year | 42/48 | €19,270 | €36,470 | +€17,200 | +89.3% |
| Trade debts | 44 | €1,275 | €3,472 | +€2,197 | +172% |
| Suppliers | 440/4 | €1,275 | €3,472 | +€2,197 | +172% |
| Taxes, remuneration and social security | 45 | €17,995 | €32,998 | +€15,003 | +83.4% |
| Taxes | 450/3 | €17,995 | €32,998 | +€15,003 | +83.4% |
| Remuneration, social security and pensions | 62 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €364 | €1,195 | +€831 | +228% |
| Other operating charges | 640/8 | €5,500 | €1,222 | -€4,278 | -77.8% |
| Gross operating margin | 9900 | €37,964 | €58,681 | +€20,717 | +54.6% |
| Operating profit (loss) | 9901 | €32,100 | €55,864 | +€23,764 | +74.0% |
| Financial income | 75/76B | €6 | €20 | +€14 | +238% |
| Recurring financial income | 75 | €6 | €20 | +€14 | +238% |
| Financial charges | 65/66B | €5,042 | €8,702 | +€3,660 | +72.6% |
| Recurring financial charges | 65 | €5,042 | €8,702 | +€3,660 | +72.6% |
| Profit (loss) for the period before taxes | 9903 | €27,064 | €47,182 | +€20,118 | +74.3% |
| Income taxes | 67/77 | €7,574 | €12,599 | +€5,025 | +66.3% |
| Profit (loss) for the period | 9904 | €19,490 | €34,583 | +€15,094 | +77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,490 | €34,583 | +€15,094 | +77.4% |
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 23 October 2026 via checked.be.