PADDEPOELE: 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.
PADDEPOELE
Largest movements
- Cash +€15,881
up €15,881 (+279%), from €5,682 to €21,563
mainly Other debts (+€20,500) and Depreciation (+€3,214)
- Other debts +€20,500
up €20,500 (+3.4%), from €597,396 to €617,896
- Purchases and services -€20,183
no longer reported in 2025 (was €20,183)
- Turnover -€11,975
no longer reported in 2025 (was €11,975)
- Gross operating margin +€8,198
up €8,198, from -€6,531 to €1,667
- Other operating charges -€1,598
down €1,598 (-36.9%), from €4,332 to €2,734
- Depreciation -€405
down €405 (-11.2%), from €3,619 to €3,214
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 | €836,172 | €850,313 | +€14,141 | +1.7% |
| Fixed assets | 21/28 | €828,241 | €825,027 | -€3,214 | -0.4% |
| Tangible fixed assets | 22/27 | €828,241 | €825,027 | -€3,214 | -0.4% |
| Land and buildings | 22 | €826,518 | €824,425 | -€2,093 | -0.3% |
| Plant, machinery and equipment | 23 | €1,723 | €602 | -€1,121 | -65.1% |
| Current assets | 29/58 | €7,931 | €25,286 | +€17,355 | +219% |
| Amounts receivable within one year | 40/41 | €2,039 | €0 | -€2,039 | -100% |
| Trade receivables | 40 | €2,039 | €0 | -€2,039 | -100% |
| Cash at bank and in hand | 54/58 | €5,682 | €21,563 | +€15,881 | +279% |
| Deferred charges and accrued income | 490/1 | €210 | €3,723 | +€3,513 | +1,673% |
| Total equity and liabilities | 10/49 | €836,172 | €850,313 | +€14,141 | +1.7% |
| Equity | 10/15 | €233,411 | €228,795 | -€4,616 | -2.0% |
| Contributions | 10/11 | €392,236 | €392,236 | = | 0.0% |
| Capital | 10 | €392,236 | €392,236 | = | 0.0% |
| Issued capital | 100 | €392,236 | €392,236 | = | 0.0% |
| Reserves | 13 | €29,197 | €29,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,766 | €2,766 | = | 0.0% |
| Legal reserve | 130 | €1,532 | €1,532 | = | 0.0% |
| Other | 1319 | €1,234 | €1,234 | = | 0.0% |
| Distributable reserves | 133 | €26,431 | €26,431 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,022 | -€192,638 | -€4,616 | -2.5% |
| Amounts payable | 17/49 | €602,760 | €621,518 | +€18,757 | +3.1% |
| Amounts payable within one year | 42/48 | €602,760 | €621,518 | +€18,757 | +3.1% |
| Trade debts | 44 | €1,038 | €3,622 | +€2,583 | +249% |
| Suppliers | 440/4 | €1,038 | €3,622 | +€2,583 | +249% |
| Advances received on contracts in progress | 46 | €4,326 | €0 | -€4,326 | -100% |
| Other amounts payable | 47/48 | €597,396 | €617,896 | +€20,500 | +3.4% |
| Turnover | 70 | €11,975 | - | -€11,975 | |
| Goods, raw materials, services and sundry goods | 60/61 | €20,183 | - | -€20,183 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,619 | €3,214 | -€405 | -11.2% |
| Other operating charges | 640/8 | €4,332 | €2,734 | -€1,598 | -36.9% |
| Gross operating margin | 9900 | -€6,531 | €1,667 | +€8,198 | |
| Operating profit (loss) | 9901 | -€14,482 | -€4,281 | +€10,200 | +70.4% |
| Financial charges | 65/66B | €284 | €335 | +€51 | +18.0% |
| Recurring financial charges | 65 | €284 | €335 | +€51 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,765 | -€4,616 | +€10,149 | +68.7% |
| Profit (loss) for the period | 9904 | -€14,765 | -€4,616 | +€10,149 | +68.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,765 | -€4,616 | +€10,149 | +68.7% |
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 29 October 2026 via checked.be.