PADEL INVEST: what changed
PADEL INVEST
Largest movements
- Receivables within one year +€107,707
up €107,707 (+843%), from €12,779 to €120,485
of which Trade receivables: +€69,007
- Tangible fixed assets +€7,784
up €7,784 (+31.8%), from €24,479 to €32,263
of which Plant, machinery and equipment: +€6,088
- Cash +€7,116
up €7,116 (+2.7%), from €265,366 to €272,482
mainly Trade debts (+€79,388) and Net result for the year (+€36,641)
- Trade debts +€79,388
up €79,388 (+95.3%), from €83,285 to €162,673
- Profit (loss) carried forward +€36,641
up €36,641 (+25.8%), from €142,082 to €178,723
- Other debts +€6,113
up €6,113 (+50.1%), from €12,210 to €18,323
- Staff costs +€83,687
new in 2025: €83,687
- Taxes -€18,471
down €18,471 (-66.2%), from €27,913 to €9,442
- Financial charges -€13,920
down €13,920 (-59.0%), from €23,607 to €9,687
- Financial income -€6,531
down €6,531 (-98.9%), from €6,605 to €74
- Gross operating margin -€5,230
down €5,230 (-3.5%), from €149,220 to €143,990
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €304,294 | €429,490 | +€125,196 | +41.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €25,455 | €32,994 | +€7,539 | +29.6% |
| Intangible fixed assets | 21 | €976 | €731 | -€245 | -25.1% |
| Tangible fixed assets | 22/27 | €24,479 | €32,263 | +€7,784 | +31.8% |
| Land and buildings | 22 | - | €890 | +€890 | |
| Plant, machinery and equipment | 23 | €2,146 | €8,234 | +€6,088 | +284% |
| Furniture and vehicles | 24 | €1,301 | €1,898 | +€598 | +45.9% |
| Other tangible fixed assets | 26 | €7,556 | €7,764 | +€208 | +2.7% |
| Assets under construction and advance payments | 27 | €13,477 | €13,477 | = | 0.0% |
| Current assets | 29/58 | €278,839 | €396,496 | +€117,657 | +42.2% |
| Amounts receivable within one year | 40/41 | €12,779 | €120,485 | +€107,707 | +843% |
| Trade receivables | 40 | €9,608 | €78,615 | +€69,007 | +718% |
| Other amounts receivable | 41 | €3,171 | €41,871 | +€38,700 | +1,220% |
| Cash at bank and in hand | 54/58 | €265,366 | €272,482 | +€7,116 | +2.7% |
| Deferred charges and accrued income | 490/1 | €694 | €3,528 | +€2,834 | +408% |
| Total equity and liabilities | 10/49 | €304,294 | €429,490 | +€125,196 | +41.1% |
| Equity | 10/15 | €167,082 | €203,723 | +€36,641 | +21.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,082 | €178,723 | +€36,641 | +25.8% |
| Amounts payable | 17/49 | €137,212 | €225,767 | +€88,555 | +64.5% |
| Amounts payable within one year | 42/48 | €134,407 | €222,962 | +€88,555 | +65.9% |
| Trade debts | 44 | €83,285 | €162,673 | +€79,388 | +95.3% |
| Suppliers | 440/4 | €83,285 | €162,673 | +€79,388 | +95.3% |
| Taxes, remuneration and social security | 45 | €38,912 | €41,965 | +€3,053 | +7.8% |
| Taxes | 450/3 | €38,912 | €35,382 | -€3,530 | -9.1% |
| Remuneration and social security | 454/9 | - | €6,583 | +€6,583 | |
| Other amounts payable | 47/48 | €12,210 | €18,323 | +€6,113 | +50.1% |
| Accrued charges and deferred income | 492/3 | €2,805 | €2,805 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €83,687 | +€83,687 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,421 | €4,445 | +€3,024 | +213% |
| Other operating charges | 640/8 | - | €162 | +€162 | |
| Gross operating margin | 9900 | €149,220 | €143,990 | -€5,230 | -3.5% |
| Operating profit (loss) | 9901 | €147,799 | €55,696 | -€92,103 | -62.3% |
| Financial income | 75/76B | €6,605 | €74 | -€6,531 | -98.9% |
| Recurring financial income | 75 | €6,605 | €74 | -€6,531 | -98.9% |
| Financial charges | 65/66B | €23,607 | €9,687 | -€13,920 | -59.0% |
| Recurring financial charges | 65 | €23,607 | €9,687 | -€13,920 | -59.0% |
| Profit (loss) for the period before taxes | 9903 | €130,797 | €46,083 | -€84,713 | -64.8% |
| Income taxes | 67/77 | €27,913 | €9,442 | -€18,471 | -66.2% |
| Profit (loss) for the period | 9904 | €102,884 | €36,641 | -€66,243 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,884 | €36,641 | -€66,243 | -64.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.