PADELCA: 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.
PADELCA
Largest movements
- Tangible fixed assets -€20,796
down €20,796 (-3.7%), from €561,278 to €540,482
of which Furniture and vehicles: -€18,499
- Cash -€7,179
down €7,179 (-19.3%), from €37,130 to €29,951
mainly Debts after one year (-€27,560) and Investment in fixed assets (net) (-€19,776)
- Debts after one year -€27,560
down €27,560 (-9.1%), from €303,120 to €275,560
of which Financial debts: -€27,560
- Current portion of long-term debt -€11,770
down €11,770 (-28.8%), from €40,827 to €29,057
- Gross operating margin -€14,374
down €14,374 (-19.3%), from €74,639 to €60,265
- Taxes -€4,338
down €4,338 (-79.3%), from €5,474 to €1,135
- Other operating charges +€2,765
up €2,765 (+182%), from €1,522 to €4,287
- Financial charges +€2,537
up €2,537 (+24.6%), from €10,328 to €12,865
- Depreciation +€1,625
up €1,625 (+4.2%), from €38,947 to €40,572
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 | €628,053 | €606,381 | -€21,672 | -3.5% |
| Fixed assets | 21/28 | €561,278 | €540,482 | -€20,796 | -3.7% |
| Tangible fixed assets | 22/27 | €561,278 | €540,482 | -€20,796 | -3.7% |
| Land and buildings | 22 | €510,531 | €508,234 | -€2,297 | -0.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €50,747 | €32,247 | -€18,499 | -36.5% |
| Current assets | 29/58 | €66,776 | €65,899 | -€876 | -1.3% |
| Amounts receivable within one year | 40/41 | €28,248 | €34,507 | +€6,259 | +22.2% |
| Trade receivables | 40 | €23,721 | €28,142 | +€4,421 | +18.6% |
| Other amounts receivable | 41 | €4,526 | €6,365 | +€1,838 | +40.6% |
| Cash at bank and in hand | 54/58 | €37,130 | €29,951 | -€7,179 | -19.3% |
| Deferred charges and accrued income | 490/1 | €1,398 | €1,442 | +€44 | +3.1% |
| Total equity and liabilities | 10/49 | €628,053 | €606,381 | -€21,672 | -3.5% |
| Equity | 10/15 | €169,252 | €170,658 | +€1,406 | +0.8% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €36,183 | €37,589 | +€1,406 | +3.9% |
| Non-distributable reserves | 130/1 | €5,842 | €5,842 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,842 | €5,842 | = | 0.0% |
| Distributable reserves | 133 | €30,340 | €31,747 | +€1,406 | +4.6% |
| Profit (loss) carried forward | 14 | €13,069 | €13,069 | = | 0.0% |
| Amounts payable | 17/49 | €458,801 | €435,723 | -€23,079 | -5.0% |
| Amounts payable after more than one year | 17 | €303,120 | €275,560 | -€27,560 | -9.1% |
| Financial debts | 170/4 | €88,120 | €60,560 | -€27,560 | -31.3% |
| Other amounts payable | 178/9 | €215,000 | €215,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €153,054 | €154,737 | +€1,684 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €40,827 | €29,057 | -€11,770 | -28.8% |
| Financial debts | 43 | €13,245 | €17,573 | +€4,329 | +32.7% |
| Credit institutions | 430/8 | €13,245 | €17,573 | +€4,329 | +32.7% |
| Trade debts | 44 | €2,175 | €5,209 | +€3,035 | +140% |
| Suppliers | 440/4 | €2,175 | €5,209 | +€3,035 | +140% |
| Taxes, remuneration and social security | 45 | €16,932 | €16,957 | +€25 | +0.1% |
| Taxes | 450/3 | €16,932 | €16,957 | +€25 | +0.1% |
| Other amounts payable | 47/48 | €79,875 | €85,941 | +€6,066 | +7.6% |
| Accrued charges and deferred income | 492/3 | €2,628 | €5,425 | +€2,798 | +106% |
| Non-recurring operating income | 76A | €19,472 | €0 | -€19,472 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,947 | €40,572 | +€1,625 | +4.2% |
| Other operating charges | 640/8 | €1,522 | €4,287 | +€2,765 | +182% |
| Gross operating margin | 9900 | €74,639 | €60,265 | -€14,374 | -19.3% |
| Operating profit (loss) | 9901 | €34,170 | €15,407 | -€18,764 | -54.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €10,328 | €12,865 | +€2,537 | +24.6% |
| Recurring financial charges | 65 | €10,328 | €12,865 | +€2,537 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €23,843 | €2,542 | -€21,301 | -89.3% |
| Income taxes | 67/77 | €5,474 | €1,135 | -€4,338 | -79.3% |
| Profit (loss) for the period | 9904 | €18,369 | €1,406 | -€16,963 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,369 | €1,406 | -€16,963 | -92.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.