Padel One: 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 One
Largest movements
- Tangible fixed assets -€42,686
down €42,686 (-5.3%), from €806,739 to €764,053
of which Land and buildings: -€34,845
- Debts after one year -€49,701
down €49,701 (-9.6%), from €516,642 to €466,940
- Reserves +€21,843
up €21,843 (+18.7%), from €116,595 to €138,438
of which Distributable reserves: +€21,843
- Tax, wage and social debts -€11,392
down €11,392 (-22.2%), from €51,429 to €40,037
of which Taxes: -€12,548
- Gross operating margin -€7,229
down €7,229 (-4.1%), from €177,297 to €170,068
- Staff costs +€6,138
up €6,138 (+11.2%), from €54,955 to €61,093
- Taxes -€2,041
down €2,041 (-16.6%), from €12,263 to €10,222
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.
Cash bridge derived
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 | €842,691 | €800,016 | -€42,675 | -5.1% |
| Formation expenses | 20 | €590 | €174 | -€417 | -70.6% |
| Fixed assets | 21/28 | €806,739 | €764,053 | -€42,686 | -5.3% |
| Tangible fixed assets | 22/27 | €806,739 | €764,053 | -€42,686 | -5.3% |
| Land and buildings | 22 | €775,008 | €740,163 | -€34,845 | -4.5% |
| Plant, machinery and equipment | 23 | €18,710 | €14,804 | -€3,907 | -20.9% |
| Furniture and vehicles | 24 | €13,021 | €9,087 | -€3,934 | -30.2% |
| Current assets | 29/58 | €35,361 | €35,789 | +€428 | +1.2% |
| Stocks and contracts in progress | 3 | €3,000 | €4,000 | +€1,000 | +33.3% |
| Stocks | 30/36 | €3,000 | €4,000 | +€1,000 | +33.3% |
| Amounts receivable within one year | 40/41 | €8,188 | €6,654 | -€1,534 | -18.7% |
| Trade receivables | 40 | €5,286 | €1,692 | -€3,594 | -68.0% |
| Other amounts receivable | 41 | €2,903 | €4,962 | +€2,060 | +71.0% |
| Cash at bank and in hand | 54/58 | €24,173 | €25,136 | +€963 | +4.0% |
| Total equity and liabilities | 10/49 | €842,691 | €800,016 | -€42,675 | -5.1% |
| Equity | 10/15 | €122,595 | €144,438 | +€21,843 | +17.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €116,595 | €138,438 | +€21,843 | +18.7% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €600 | €600 | = | 0.0% |
| Distributable reserves | 133 | €115,995 | €137,838 | +€21,843 | +18.8% |
| Amounts payable | 17/49 | €720,096 | €655,578 | -€64,518 | -9.0% |
| Amounts payable after more than one year | 17 | €516,642 | €466,940 | -€49,701 | -9.6% |
| Financial debts | 170/4 | €516,642 | €466,940 | -€49,701 | -9.6% |
| Amounts payable within one year | 42/48 | €198,654 | €188,638 | -€10,016 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €56,242 | €57,705 | +€1,463 | +2.6% |
| Trade debts | 44 | €10,983 | €6,236 | -€4,747 | -43.2% |
| Suppliers | 440/4 | €10,983 | €6,236 | -€4,747 | -43.2% |
| Advances received on contracts in progress | 46 | - | €1,300 | +€1,300 | |
| Taxes, remuneration and social security | 45 | €51,429 | €40,037 | -€11,392 | -22.2% |
| Taxes | 450/3 | €44,424 | €31,876 | -€12,548 | -28.2% |
| Remuneration and social security | 454/9 | €7,005 | €8,161 | +€1,156 | +16.5% |
| Other amounts payable | 47/48 | €80,000 | €83,360 | +€3,360 | +4.2% |
| Accrued charges and deferred income | 492/3 | €4,800 | - | -€4,800 | |
| Remuneration, social security and pensions | 62 | €54,955 | €61,093 | +€6,138 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,062 | €52,557 | +€1,495 | +2.9% |
| Other operating charges | 640/8 | €7,161 | €7,585 | +€424 | +5.9% |
| Gross operating margin | 9900 | €177,297 | €170,068 | -€7,229 | -4.1% |
| Operating profit (loss) | 9901 | €64,119 | €48,832 | -€15,287 | -23.8% |
| Financial charges | 65/66B | €16,580 | €16,768 | +€188 | +1.1% |
| Recurring financial charges | 65 | €16,580 | €16,768 | +€188 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €47,539 | €32,064 | -€15,475 | -32.6% |
| Income taxes | 67/77 | €12,263 | €10,222 | -€2,041 | -16.6% |
| Profit (loss) for the period | 9904 | €35,277 | €21,843 | -€13,434 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,277 | €21,843 | -€13,434 | -38.1% |
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 11 October 2026 via checked.be.