PADEL FACTORY: 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 FACTORY
Largest movements
- Tangible fixed assets -€94,694
down €94,694 (-11.3%), from €841,379 to €746,685
of which Plant, machinery and equipment: -€89,415
- Cash +€25,331
up €25,331 (+247%), from €10,263 to €35,594
mainly Depreciation (+€103,784) and Deferred charges and accrued income (+€1,577)
- Trade debts -€40,372
down €40,372 (-80.0%), from €50,468 to €10,096
- Debts after one year -€29,801
down €29,801 (-5.9%), from €501,830 to €472,028
- Depreciation +€52,812
up €52,812 (+104%), from €50,972 to €103,784
- Gross operating margin +€26,891
up €26,891 (+28.6%), from €94,038 to €120,929
- Financial charges +€3,000
up €3,000 (+15.2%), from €19,678 to €22,678
- Financial income +€1,851
new in 2025: €1,851
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 | €859,239 | €787,125 | -€72,114 | -8.4% |
| Fixed assets | 21/28 | €841,379 | €746,685 | -€94,694 | -11.3% |
| Tangible fixed assets | 22/27 | €841,379 | €746,685 | -€94,694 | -11.3% |
| Plant, machinery and equipment | 23 | €819,552 | €730,137 | -€89,415 | -10.9% |
| Furniture and vehicles | 24 | €21,827 | €16,548 | -€5,279 | -24.2% |
| Current assets | 29/58 | €17,860 | €40,440 | +€22,581 | +126% |
| Amounts receivable within one year | 40/41 | €5,297 | €4,124 | -€1,173 | -22.1% |
| Trade receivables | 40 | €5,297 | €4,124 | -€1,173 | -22.1% |
| Other amounts receivable | 41 | €0 | €0 | -€0 | -100% |
| Cash at bank and in hand | 54/58 | €10,263 | €35,594 | +€25,331 | +247% |
| Deferred charges and accrued income | 490/1 | €2,299 | €722 | -€1,577 | -68.6% |
| Total equity and liabilities | 10/49 | €859,239 | €787,125 | -€72,114 | -8.4% |
| Equity | 10/15 | €35,117 | €30,747 | -€4,370 | -12.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €22,617 | €18,247 | -€4,370 | -19.3% |
| Distributable reserves | 133 | €22,617 | €18,247 | -€4,370 | -19.3% |
| Amounts payable | 17/49 | €824,122 | €756,379 | -€67,743 | -8.2% |
| Amounts payable after more than one year | 17 | €501,830 | €472,028 | -€29,801 | -5.9% |
| Financial debts | 170/4 | €501,830 | €472,028 | -€29,801 | -5.9% |
| Amounts payable within one year | 42/48 | €320,034 | €281,610 | -€38,423 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €28,564 | €29,902 | +€1,339 | +4.7% |
| Trade debts | 44 | €50,468 | €10,096 | -€40,372 | -80.0% |
| Suppliers | 440/4 | €50,468 | €10,096 | -€40,372 | -80.0% |
| Taxes, remuneration and social security | 45 | €1,002 | €112 | -€890 | -88.9% |
| Taxes | 450/3 | €1,002 | €112 | -€890 | -88.9% |
| Other amounts payable | 47/48 | €240,000 | €241,500 | +€1,500 | +0.6% |
| Accrued charges and deferred income | 492/3 | €2,258 | €2,740 | +€482 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,972 | €103,784 | +€52,812 | +104% |
| Other operating charges | 640/8 | €772 | €688 | -€84 | -10.9% |
| Gross operating margin | 9900 | €94,038 | €120,929 | +€26,891 | +28.6% |
| Operating profit (loss) | 9901 | €42,295 | €16,457 | -€25,838 | -61.1% |
| Financial income | 75/76B | - | €1,851 | +€1,851 | |
| Recurring financial income | 75 | - | €1,851 | +€1,851 | |
| Financial charges | 65/66B | €19,678 | €22,678 | +€3,000 | +15.2% |
| Recurring financial charges | 65 | €19,678 | €22,678 | +€3,000 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €22,617 | -€4,370 | -€26,987 | |
| Profit (loss) for the period | 9904 | €22,617 | -€4,370 | -€26,987 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,617 | -€4,370 | -€26,987 |
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 21 October 2026 via checked.be.