PADAWAK: 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.
PADAWAK
Largest movements
- Cash -€605
down €605 (-2.5%), from €24,597 to €23,992
mainly Other debts (-€2,010) and Investment in fixed assets (net) (-€1,930)
- Profit (loss) carried forward +€2,023
up €2,023 (+7.1%), from -€28,394 to -€26,371
- Other debts -€2,010
down €2,010 (-7.3%), from €27,645 to €25,636
- Gross operating margin -€5,986
down €5,986 (-56.7%), from €10,563 to €4,577
- Depreciation -€292
down €292 (-14.9%), from €1,951 to €1,659
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 | €30,261 | €29,587 | -€674 | -2.2% |
| Fixed assets | 21/28 | €1,266 | €1,537 | +€271 | +21.4% |
| Tangible fixed assets | 22/27 | €1,266 | €1,537 | +€271 | +21.4% |
| Plant, machinery and equipment | 23 | €881 | €85 | -€796 | -90.3% |
| Furniture and vehicles | 24 | €385 | €1,452 | +€1,066 | +277% |
| Current assets | 29/58 | €28,995 | €28,050 | -€945 | -3.3% |
| Amounts receivable within one year | 40/41 | €3,769 | €3,714 | -€55 | -1.5% |
| Trade receivables | 40 | €2,435 | €2,391 | -€44 | -1.8% |
| Other amounts receivable | 41 | €1,334 | €1,323 | -€11 | -0.9% |
| Cash at bank and in hand | 54/58 | €24,597 | €23,992 | -€605 | -2.5% |
| Deferred charges and accrued income | 490/1 | €629 | €344 | -€284 | -45.3% |
| Total equity and liabilities | 10/49 | €30,261 | €29,587 | -€674 | -2.2% |
| Equity | 10/15 | -€14,134 | -€12,111 | +€2,023 | +14.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,394 | -€26,371 | +€2,023 | +7.1% |
| Amounts payable | 17/49 | €44,394 | €41,697 | -€2,697 | -6.1% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,153 | €26,697 | -€2,455 | -8.4% |
| Trade debts | 44 | €354 | €186 | -€168 | -47.5% |
| Suppliers | 440/4 | €354 | €186 | -€168 | -47.5% |
| Taxes, remuneration and social security | 45 | €1,153 | €876 | -€277 | -24.0% |
| Taxes | 450/3 | €1,153 | €876 | -€277 | -24.0% |
| Other amounts payable | 47/48 | €27,645 | €25,636 | -€2,010 | -7.3% |
| Accrued charges and deferred income | 492/3 | €242 | - | -€242 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,951 | €1,659 | -€292 | -14.9% |
| Other operating charges | 640/8 | €248 | €252 | +€3 | +1.2% |
| Gross operating margin | 9900 | €10,563 | €4,577 | -€5,986 | -56.7% |
| Operating profit (loss) | 9901 | €8,364 | €2,666 | -€5,698 | -68.1% |
| Financial charges | 65/66B | €453 | €466 | +€13 | +2.9% |
| Recurring financial charges | 65 | €453 | €466 | +€13 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €7,911 | €2,200 | -€5,711 | -72.2% |
| Income taxes | 67/77 | €166 | €177 | +€11 | +6.9% |
| Profit (loss) for the period | 9904 | €7,745 | €2,023 | -€5,722 | -73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,745 | €2,023 | -€5,722 | -73.9% |
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 15 October 2026 via checked.be.