PADELWORLD: what changed
What changed
PADELWORLD
NACE 93.110, Operation of sports facilities
filed annual accounts (NBB)
Net result for the year
-€278,896
2024 · €767,439-€1.0m
Equity
€12.5m
2024 · €12.8m-€278,896
Cash
€39,954
2024 · €67,594-€27,639
Balance sheet total
€22.9m
2024 · €24.3m-€1.4m
Largest movements
Assets
- Receivables after one year -€1.1m
down €1.1m (-12.3%), from €8.9m to €7.8m
Equity and liabilities
- Other debts -€363,509
down €363,509 (-62.0%), from €586,741 to €223,232
- Current portion of long-term debt -€353,103
down €353,103 (-27.6%), from €1.3m to €926,897
- Tax, wage and social debts -€315,008
down €315,008 (-91.8%), from €343,095 to €28,087
of which Taxes: -€328,294
- Profit (loss) carried forward -€278,896
down €278,896 (-31.8%), from -€877,805 to -€1.2m
Income statement
- Gross operating margin -€1.7m
no longer reported in 2025 (was €1.7m)
- Other operating income +€1.3m
new in 2025: €1.3m
- Services and other goods +€1.1m
new in 2025: €1.1m
- Financial charges -€309,280
down €309,280 (-38.5%), from €803,683 to €494,403
- Staff costs -€49,645
down €49,645 (-20.2%), from €245,703 to €196,059
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.
Result 2024
€767,439
Turnover
+€30,700
Other operating income
+€1.3m
Goods and materials
-€1,260
Services and other goods
-€1.1m
Staff costs
+€49,645
Depreciation
-€1,093
Other operating charges
+€13,909
Other operating items
-€1.7m
Financial income
-€11,403
Financial charges
+€309,280
Taxes
+€193
Result 2025
-€278,896
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€217,456
Investment
+€202,395
Financing
-€447,491
Cash 2024
€67,594
From operations (derived)
+€217,456
Net result for the year
-€278,896
Depreciation
+€56,257
Receivables after one year
+€1.1m
Receivables within one year
+€56,336
Deferred charges and accrued income
-€3,310
Trade debts
-€60,472
Tax, wage and social debts
-€315,008
Other debts
-€363,509
Accrued charges and deferred income
+€28,326
Investment (derived)
+€202,395
Investment in fixed assets (net)
+€202,395
Financing
-€447,491
Debts after one year
-€94,388
Current portion of long-term debt
-€353,103
Cash 2025
€39,954
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,322,786 | €22,885,735 | -€1.4m | -5.9% |
| Fixed assets | 21/28 | €11,757,953 | €11,499,301 | -€258,652 | -2.2% |
| Intangible fixed assets | 21 | €323,782 | €290,862 | -€32,920 | -10.2% |
| Tangible fixed assets | 22/27 | €1,846,915 | €1,837,151 | -€9,764 | -0.5% |
| Land and buildings | 22 | €1,810,698 | €1,810,698 | = | 0.0% |
| Plant, machinery and equipment | 23 | €9,002 | €7,569 | -€1,433 | -15.9% |
| Furniture and vehicles | 24 | €11,494 | €5,778 | -€5,716 | -49.7% |
| Other tangible fixed assets | 26 | €15,721 | €13,106 | -€2,615 | -16.6% |
| Financial fixed assets | 28 | €9,587,257 | €9,371,288 | -€215,969 | -2.3% |
| Affiliated companies | 280/1 | - | €9,367,388 | +€9.4m | |
| Participating interests | 280 | - | €9,367,388 | +€9.4m | |
| Other financial fixed assets | 284/8 | - | €3,900 | +€3,900 | |
| Amounts receivable and cash guarantees | 285/8 | - | €3,900 | +€3,900 | |
| Current assets | 29/58 | €12,564,832 | €11,386,434 | -€1.2m | -9.4% |
| Amounts receivable after more than one year | 29 | €8,913,466 | €7,815,734 | -€1.1m | -12.3% |
| Other amounts receivable | 291 | €8,913,466 | €7,815,734 | -€1.1m | -12.3% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,574,131 | €3,517,795 | -€56,336 | -1.6% |
| Trade receivables | 40 | €3,358,937 | €3,308,692 | -€50,245 | -1.5% |
| Other amounts receivable | 41 | €215,194 | €209,103 | -€6,091 | -2.8% |
| Cash at bank and in hand | 54/58 | €67,594 | €39,954 | -€27,639 | -40.9% |
| Deferred charges and accrued income | 490/1 | €9,641 | €12,951 | +€3,310 | +34.3% |
| Total equity and liabilities | 10/49 | €24,322,786 | €22,885,735 | -€1.4m | -5.9% |
| Equity | 10/15 | €12,792,270 | €12,513,374 | -€278,896 | -2.2% |
| Contributions | 10/11 | €13,670,075 | €13,670,075 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€877,805 | -€1,156,701 | -€278,896 | -31.8% |
| Amounts payable | 17/49 | €11,530,515 | €10,372,361 | -€1.2m | -10.0% |
| Amounts payable after more than one year | 17 | €8,985,425 | €8,891,038 | -€94,388 | -1.1% |
| Financial debts | 170/4 | €6,400,000 | €5,911,379 | -€488,621 | -7.6% |
| Credit institutions | 173 | - | €5,561,379 | +€5.6m | |
| Other loans | 174 | - | €350,000 | +€350,000 | |
| Other amounts payable | 178/9 | €2,585,425 | €2,979,658 | +€394,233 | +15.2% |
| Amounts payable within one year | 42/48 | €2,395,281 | €1,303,189 | -€1.1m | -45.6% |
| Current portion of amounts payable after more than one year | 42 | €1,280,000 | €926,897 | -€353,103 | -27.6% |
| Trade debts | 44 | €185,445 | €124,973 | -€60,472 | -32.6% |
| Suppliers | 440/4 | €185,445 | €124,973 | -€60,472 | -32.6% |
| Taxes, remuneration and social security | 45 | €343,095 | €28,087 | -€315,008 | -91.8% |
| Taxes | 450/3 | €331,824 | €3,530 | -€328,294 | -98.9% |
| Remuneration and social security | 454/9 | €11,271 | €24,557 | +€13,286 | +118% |
| Other amounts payable | 47/48 | €586,741 | €223,232 | -€363,509 | -62.0% |
| Accrued charges and deferred income | 492/3 | €149,809 | €178,135 | +€28,326 | +18.9% |
| Operating income | 70/76A | - | €1,372,203 | +€1.4m | |
| Turnover | 70 | - | €30,700 | +€30,700 | |
| Other operating income | 74 | - | €1,341,503 | +€1.3m | |
| Operating charges | 60/66A | - | €1,359,620 | +€1.4m | |
| Goods for resale, raw materials and consumables | 60 | - | €1,260 | +€1,260 | |
| Purchases | 600/8 | - | €1,260 | +€1,260 | |
| Services and other goods | 61 | - | €1,100,990 | +€1.1m | |
| Remuneration, social security and pensions | 62 | €245,703 | €196,059 | -€49,645 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,164 | €56,257 | +€1,093 | +2.0% |
| Other operating charges | 640/8 | €18,963 | €5,054 | -€13,909 | -73.3% |
| Gross operating margin | 9900 | €1,676,818 | - | -€1.7m | |
| Operating profit (loss) | 9901 | €1,356,988 | €12,582 | -€1.3m | -99.1% |
| Financial income | 75/76B | €214,873 | €203,471 | -€11,403 | -5.3% |
| Recurring financial income | 75 | €214,873 | €203,471 | -€11,403 | -5.3% |
| Income from current assets | 751 | - | €203,382 | +€203,382 | |
| Other financial income | 752/9 | - | €88 | +€88 | |
| Financial charges | 65/66B | €803,683 | €494,403 | -€309,280 | -38.5% |
| Recurring financial charges | 65 | €803,683 | €494,403 | -€309,280 | -38.5% |
| Debt charges | 650 | - | €488,692 | +€488,692 | |
| Other financial charges | 652/9 | - | €5,711 | +€5,711 | |
| Profit (loss) for the period before taxes | 9903 | €768,178 | -€278,350 | -€1.0m | |
| Income taxes | 67/77 | €739 | €546 | -€193 | -26.1% |
| Taxes | 670/3 | - | €546 | +€546 | |
| Profit (loss) for the period | 9904 | €767,439 | -€278,896 | -€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €767,439 | -€278,896 | -€1.0m |
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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 7 November 2026 via checked.be.