Padama: 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.
Padama
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+2121.9%), from €76,123 to €1.7m
- Debts after one year +€1.6m
up €1.6m (+2462.9%), from €64,364 to €1.6m
- Trade debts +€177,977
up €177,977 (+1251.2%), from €14,224 to €192,202
- Profit (loss) carried forward -€147,842
down €147,842 (-888.1%), from -€16,647 to -€164,490
- Gross operating margin -€62,144
down €62,144 (-695.7%), from -€8,933 to -€71,077
- Depreciation +€56,270
up €56,270 (+441.8%), from €12,737 to €69,007
- Financial charges +€1,532
up €1,532 (+60.7%), from €2,524 to €4,056
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.
Cash bridge derived
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 | €81,614 | €1,704,038 | +€1.6m | +1987.9% |
| Fixed assets | 21/28 | €76,123 | €1,691,361 | +€1.6m | +2121.9% |
| Tangible fixed assets | 22/27 | €76,123 | €1,691,361 | +€1.6m | +2121.9% |
| Land and buildings | 22 | €76,123 | €1,691,361 | +€1.6m | +2121.9% |
| Current assets | 29/58 | €5,491 | €12,677 | +€7,186 | +130.9% |
| Cash at bank and in hand | 54/58 | €4,437 | €11,509 | +€7,073 | +159.4% |
| Deferred charges and accrued income | 490/1 | €1,055 | €1,168 | +€113 | +10.7% |
| Total equity and liabilities | 10/49 | €81,614 | €1,704,038 | +€1.6m | +1987.9% |
| Equity | 10/15 | €3,026 | -€144,817 | -€147,842 | |
| Contributions | 10/11 | €8,770 | €8,770 | = | 0.0% |
| Reserves | 13 | €10,903 | €10,903 | = | 0.0% |
| Distributable reserves | 133 | €10,903 | €10,903 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,647 | -€164,490 | -€147,842 | -888.1% |
| Amounts payable | 17/49 | €78,588 | €1,848,855 | +€1.8m | +2252.6% |
| Amounts payable after more than one year | 17 | €64,364 | €1,649,611 | +€1.6m | +2462.9% |
| Financial debts | 170/4 | €64,364 | €1,649,611 | +€1.6m | +2462.9% |
| Amounts payable within one year | 42/48 | €14,224 | €199,244 | +€185,019 | +1300.7% |
| Trade debts | 44 | €14,224 | €192,202 | +€177,977 | +1251.2% |
| Suppliers | 440/4 | €14,224 | €192,202 | +€177,977 | +1251.2% |
| Other amounts payable | 47/48 | - | €7,042 | +€7,042 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,737 | €69,007 | +€56,270 | +441.8% |
| Other operating charges | 640/8 | €3,595 | €3,706 | +€111 | +3.1% |
| Gross operating margin | 9900 | -€8,933 | -€71,077 | -€62,144 | -695.7% |
| Operating profit (loss) | 9901 | -€25,265 | -€143,790 | -€118,525 | -469.1% |
| Financial income | 75/76B | €2 | €4 | +€2 | +78.5% |
| Recurring financial income | 75 | €2 | €4 | +€2 | +78.5% |
| Financial charges | 65/66B | €2,524 | €4,056 | +€1,532 | +60.7% |
| Recurring financial charges | 65 | €2,524 | €4,056 | +€1,532 | +60.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,786 | -€147,841 | -€120,055 | -432.1% |
| Income taxes | 67/77 | €1 | €1 | +€1 | +78.6% |
| Profit (loss) for the period | 9904 | -€27,787 | -€147,842 | -€120,056 | -432.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,787 | -€147,842 | -€120,056 | -432.1% |
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 12 October 2026 via checked.be.