PADAR: what changed
Two fiscal 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.
PADAR
Largest movements
- Receivables within one year -€19,864
down €19,864 (-78.2%), from €25,395 to €5,531
- Cash -€4,570
down €4,570 (-60.9%), from €7,499 to €2,929
mainly Net result for the year (-€67,211) and Tax, wage and social debts (-€32,026)
- Intangible fixed assets -€3,000
down €3,000 (-33.3%), from €9,000 to €6,000
- Tangible fixed assets -€2,989
down €2,989 (-22.1%), from €13,540 to €10,551
of which Leasing and similar rights: -€13,540
- Profit (loss) carried forward -€67,211
down €67,211, from €35,748 to -€31,463
- Trade debts +€35,936
up €35,936 (+195.6%), from €18,376 to €54,312
- Accrued charges and deferred income +€32,880
new in 2025: €32,880
- Tax, wage and social debts -€32,026
down €32,026 (-78.8%), from €40,628 to €8,602
of which Taxes: -€39,774
- Staff costs +€28,077
up €28,077 (+65.3%), from €42,980 to €71,057
- Gross operating margin -€16,348
down €16,348 (-54.3%), from €30,103 to €13,755
- Financial income -€3,290
no longer reported in 2025 (was €3,290)
- Taxes +€1,993
new in 2025: €1,993
- Other operating charges -€1,577
down €1,577 (-49.0%), from €3,219 to €1,642
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 | €95,652 | €65,230 | -€30,422 | -31.8% |
| Fixed assets | 21/28 | €25,930 | €19,941 | -€5,989 | -23.1% |
| Intangible fixed assets | 21 | €9,000 | €6,000 | -€3,000 | -33.3% |
| Tangible fixed assets | 22/27 | €13,540 | €10,551 | -€2,989 | -22.1% |
| Furniture and vehicles | 24 | - | €10,551 | +€10,551 | |
| Leasing and similar rights | 25 | €13,540 | - | -€13,540 | |
| Financial fixed assets | 28 | €3,390 | €3,390 | = | 0.0% |
| Current assets | 29/58 | €69,722 | €45,289 | -€24,433 | -35.0% |
| Stocks and contracts in progress | 3 | €36,500 | €36,500 | = | 0.0% |
| Stocks | 30/36 | €36,500 | €36,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,395 | €5,531 | -€19,864 | -78.2% |
| Other amounts receivable | 41 | €25,395 | €5,531 | -€19,864 | -78.2% |
| Cash at bank and in hand | 54/58 | €7,499 | €2,929 | -€4,570 | -60.9% |
| Deferred charges and accrued income | 490/1 | €328 | €328 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €95,652 | €65,230 | -€30,422 | -31.8% |
| Equity | 10/15 | €36,648 | -€30,563 | -€67,211 | |
| Contributions | 10/11 | €900 | €900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,748 | -€31,463 | -€67,211 | |
| Amounts payable | 17/49 | €59,004 | €95,793 | +€36,789 | +62.4% |
| Amounts payable within one year | 42/48 | €59,004 | €62,914 | +€3,910 | +6.6% |
| Trade debts | 44 | €18,376 | €54,312 | +€35,936 | +195.6% |
| Suppliers | 440/4 | €18,376 | €54,312 | +€35,936 | +195.6% |
| Taxes, remuneration and social security | 45 | €40,628 | €8,602 | -€32,026 | -78.8% |
| Taxes | 450/3 | €39,774 | - | -€39,774 | |
| Remuneration and social security | 454/9 | €854 | €8,602 | +€7,748 | +907.3% |
| Accrued charges and deferred income | 492/3 | - | €32,880 | +€32,880 | |
| Remuneration, social security and pensions | 62 | €42,980 | €71,057 | +€28,077 | +65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,489 | €5,989 | +€1,500 | +33.4% |
| Other operating charges | 640/8 | €3,219 | €1,642 | -€1,577 | -49.0% |
| Gross operating margin | 9900 | €30,103 | €13,755 | -€16,348 | -54.3% |
| Operating profit (loss) | 9901 | -€20,585 | -€64,933 | -€44,348 | -215.4% |
| Financial income | 75/76B | €3,290 | - | -€3,290 | |
| Recurring financial income | 75 | €3,290 | - | -€3,290 | |
| Financial charges | 65/66B | €115 | €285 | +€170 | +148.1% |
| Recurring financial charges | 65 | €115 | €285 | +€170 | +148.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,410 | -€65,218 | -€47,808 | -274.6% |
| Income taxes | 67/77 | - | €1,993 | +€1,993 | |
| Profit (loss) for the period | 9904 | -€17,410 | -€67,211 | -€49,801 | -286.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,410 | -€67,211 | -€49,801 | -286.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.