PADEL ESTATE: 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.
PADEL ESTATE
Largest movements
- Receivables within one year -€42,959
down €42,959 (-50.5%), from €85,068 to €42,109
of which Trade receivables: -€37,839
- Tangible fixed assets +€41,533
up €41,533 (+1.5%), from €2.8m to €2.9m
of which Plant, machinery and equipment: +€76,058
- Debts after one year -€693,064
down €693,064 (-36.6%), from €1.9m to €1.2m
of which Other amounts payable: -€395,050
- Other debts +€359,001
up €359,001 (+56.4%), from €636,938 to €995,939
- Profit (loss) carried forward +€336,590
up €336,590 (+2,047%), from €16,444 to €353,035
- Tax, wage and social debts +€75,584
up €75,584 (+5,041%), from €1,499 to €77,083
- Trade debts -€35,046
down €35,046 (-46.6%), from €75,162 to €40,116
- Gross operating margin +€374,430
up €374,430 (+179%), from €209,652 to €584,082
- Taxes +€37,803
new in 2025: €37,803
- Depreciation +€36,814
up €36,814 (+62.1%), from €59,319 to €96,132
- Other operating charges -€22,750
down €22,750 (-48.5%), from €46,902 to €24,152
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 | €2,940,659 | €2,965,654 | +€24,995 | +0.8% |
| Fixed assets | 21/28 | €2,849,813 | €2,891,846 | +€42,033 | +1.5% |
| Tangible fixed assets | 22/27 | €2,849,313 | €2,890,846 | +€41,533 | +1.5% |
| Land and buildings | 22 | €2,717,851 | €2,689,013 | -€28,838 | -1.1% |
| Plant, machinery and equipment | 23 | €98,669 | €174,727 | +€76,058 | +77.1% |
| Furniture and vehicles | 24 | €32,793 | €27,106 | -€5,687 | -17.3% |
| Financial fixed assets | 28 | €500 | €1,000 | +€500 | +100% |
| Current assets | 29/58 | €90,846 | €73,808 | -€17,038 | -18.8% |
| Amounts receivable within one year | 40/41 | €85,068 | €42,109 | -€42,959 | -50.5% |
| Trade receivables | 40 | €79,578 | €41,739 | -€37,839 | -47.5% |
| Other amounts receivable | 41 | €5,490 | €370 | -€5,120 | -93.3% |
| Cash at bank and in hand | 54/58 | €1,982 | €3,946 | +€1,964 | +99.1% |
| Deferred charges and accrued income | 490/1 | €3,796 | €27,753 | +€23,957 | +631% |
| Total equity and liabilities | 10/49 | €2,940,659 | €2,965,654 | +€24,995 | +0.8% |
| Equity | 10/15 | €166,444 | €503,035 | +€336,590 | +202% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,444 | €353,035 | +€336,590 | +2,047% |
| Amounts payable | 17/49 | €2,774,214 | €2,462,619 | -€311,595 | -11.2% |
| Amounts payable after more than one year | 17 | €1,893,567 | €1,200,503 | -€693,064 | -36.6% |
| Financial debts | 170/4 | €1,498,517 | €1,200,503 | -€298,014 | -19.9% |
| Other amounts payable | 178/9 | €395,050 | - | -€395,050 | |
| Amounts payable within one year | 42/48 | €865,885 | €1,259,459 | +€393,574 | +45.5% |
| Current portion of amounts payable after more than one year | 42 | €152,285 | €146,320 | -€5,965 | -3.9% |
| Trade debts | 44 | €75,162 | €40,116 | -€35,046 | -46.6% |
| Suppliers | 440/4 | €75,162 | €40,116 | -€35,046 | -46.6% |
| Taxes, remuneration and social security | 45 | €1,499 | €77,083 | +€75,584 | +5,041% |
| Taxes | 450/3 | €1,499 | €77,083 | +€75,584 | +5,041% |
| Other amounts payable | 47/48 | €636,938 | €995,939 | +€359,001 | +56.4% |
| Accrued charges and deferred income | 492/3 | €14,763 | €2,657 | -€12,106 | -82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,319 | €96,132 | +€36,814 | +62.1% |
| Other operating charges | 640/8 | €46,902 | €24,152 | -€22,750 | -48.5% |
| Gross operating margin | 9900 | €209,652 | €584,082 | +€374,430 | +179% |
| Operating profit (loss) | 9901 | €103,431 | €463,797 | +€360,366 | +348% |
| Financial income | 75/76B | €2,810 | €9 | -€2,801 | -99.7% |
| Recurring financial income | 75 | €2,810 | €9 | -€2,801 | -99.7% |
| Financial charges | 65/66B | €89,797 | €89,412 | -€385 | -0.4% |
| Recurring financial charges | 65 | €89,797 | €89,412 | -€385 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €16,444 | €374,394 | +€357,949 | +2,177% |
| Income taxes | 67/77 | - | €37,803 | +€37,803 | |
| Profit (loss) for the period | 9904 | €16,444 | €336,590 | +€320,146 | +1,947% |
| Profit (loss) for the period to be appropriated | 9905 | €16,444 | €336,590 | +€320,146 | +1,947% |
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 13 October 2026 via checked.be.