Padani: 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.
Padani
Largest movements
- Current investments -€25,000
down €25,000 (-25.0%), from €100,000 to €75,000
- Cash -€17,415
down €17,415 (-44.8%), from €38,891 to €21,476
mainly Contributions, distributions and other (-€48,980) and Receivables within one year (-€16,114)
- Receivables within one year +€16,114
up €16,114 (+86.8%), from €18,569 to €34,683
of which Trade receivables: +€12,863
- Tangible fixed assets -€7,957
down €7,957 (-24.2%), from €32,903 to €24,946
of which Furniture and vehicles: -€7,665
- Reserves -€30,327
down €30,327 (-18.7%), from €161,944 to €131,617
of which Distributable reserves: -€30,327
- Tax, wage and social debts -€3,878
down €3,878 (-40.1%), from €9,671 to €5,793
of which Taxes: -€3,878
- Depreciation +€2,965
up €2,965 (+47.1%), from €6,296 to €9,262
- Gross operating margin +€1,997
up €1,997 (+5.2%), from €38,423 to €40,420
- Financial charges +€812
up €812 (+1241.9%), from €65 to €878
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 | €193,212 | €158,485 | -€34,726 | -18.0% |
| Fixed assets | 21/28 | €32,903 | €24,946 | -€7,957 | -24.2% |
| Tangible fixed assets | 22/27 | €32,903 | €24,946 | -€7,957 | -24.2% |
| Plant, machinery and equipment | 23 | €2,820 | €2,528 | -€292 | -10.4% |
| Furniture and vehicles | 24 | €30,083 | €22,418 | -€7,665 | -25.5% |
| Current assets | 29/58 | €160,309 | €133,539 | -€26,770 | -16.7% |
| Amounts receivable within one year | 40/41 | €18,569 | €34,683 | +€16,114 | +86.8% |
| Trade receivables | 40 | €12,552 | €25,416 | +€12,863 | +102.5% |
| Other amounts receivable | 41 | €6,017 | €9,267 | +€3,250 | +54.0% |
| Current investments | 50/53 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €38,891 | €21,476 | -€17,415 | -44.8% |
| Deferred charges and accrued income | 490/1 | €2,848 | €2,380 | -€468 | -16.4% |
| Total equity and liabilities | 10/49 | €193,212 | €158,485 | -€34,726 | -18.0% |
| Equity | 10/15 | €180,536 | €150,209 | -€30,327 | -16.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €161,944 | €131,617 | -€30,327 | -18.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €160,084 | €129,757 | -€30,327 | -18.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €12,676 | €8,276 | -€4,400 | -34.7% |
| Amounts payable within one year | 42/48 | €12,676 | €8,276 | -€4,400 | -34.7% |
| Trade debts | 44 | €3,005 | €2,483 | -€522 | -17.4% |
| Suppliers | 440/4 | €3,005 | €2,483 | -€522 | -17.4% |
| Taxes, remuneration and social security | 45 | €9,671 | €5,793 | -€3,878 | -40.1% |
| Taxes | 450/3 | €9,671 | €5,793 | -€3,878 | -40.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Non-recurring operating income | 76A | €7,500 | €0 | -€7,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,296 | €9,262 | +€2,965 | +47.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,347 | €2,366 | +€19 | +0.8% |
| Gross operating margin | 9900 | €38,423 | €40,420 | +€1,997 | +5.2% |
| Operating profit (loss) | 9901 | €29,780 | €28,792 | -€987 | -3.3% |
| Financial income | 75/76B | €0 | €246 | +€246 | +2463800.0% |
| Recurring financial income | 75 | €0 | €246 | +€246 | +2463800.0% |
| Financial charges | 65/66B | €65 | €878 | +€812 | +1241.9% |
| Recurring financial charges | 65 | €65 | €878 | +€812 | +1241.9% |
| Profit (loss) for the period before taxes | 9903 | €29,714 | €28,161 | -€1,553 | -5.2% |
| Income taxes | 67/77 | €9,320 | €9,508 | +€188 | +2.0% |
| Profit (loss) for the period | 9904 | €20,394 | €18,653 | -€1,741 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,394 | €18,653 | -€1,741 | -8.5% |
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.