PADEMA: 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.
PADEMA
Largest movements
- Tangible fixed assets -€21,654
down €21,654 (-52.5%), from €41,272 to €19,618
of which Furniture and vehicles: -€21,354
- Receivables within one year -€5,237
down €5,237 (-23.9%), from €21,947 to €16,709
- Cash +€2,244
up €2,244 (+38.7%), from €5,800 to €8,044
mainly Investment in fixed assets (net) (+€19,958) and Receivables within one year (+€5,237)
- Deferred charges and accrued income +€1,953
up €1,953 (+37.9%), from €5,150 to €7,103
- Debts after one year -€14,702
down €14,702 (-49.1%), from €29,938 to €15,237
- Current portion of long-term debt -€4,741
down €4,741 (-57.7%), from €8,221 to €3,480
- Profit (loss) carried forward -€4,677
down €4,677 (-35.4%), from €13,216 to €8,539
- Trade debts +€3,955
up €3,955 (+491%), from €806 to €4,761
- Tax, wage and social debts -€2,979
down €2,979 (-49.2%), from €6,050 to €3,071
- Gross operating margin -€13,179
down €13,179 (-55.7%), from €23,642 to €10,463
- Taxes -€3,011
down €3,011 (-98.5%), from €3,058 to €47
- Other operating charges +€2,335
up €2,335 (+33.6%), from €6,948 to €9,284
- Depreciation -€1,565
down €1,565 (-48.0%), from €3,261 to €1,696
- Financial charges +€658
up €658 (+18.7%), from €3,519 to €4,177
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 | €74,284 | €51,589 | -€22,695 | -30.6% |
| Fixed assets | 21/28 | €41,387 | €19,733 | -€21,654 | -52.3% |
| Tangible fixed assets | 22/27 | €41,272 | €19,618 | -€21,654 | -52.5% |
| Plant, machinery and equipment | 23 | €696 | €396 | -€300 | -43.1% |
| Furniture and vehicles | 24 | €40,576 | €19,222 | -€21,354 | -52.6% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €32,897 | €31,856 | -€1,041 | -3.2% |
| Amounts receivable within one year | 40/41 | €21,947 | €16,709 | -€5,237 | -23.9% |
| Other amounts receivable | 41 | €21,947 | €16,709 | -€5,237 | -23.9% |
| Cash at bank and in hand | 54/58 | €5,800 | €8,044 | +€2,244 | +38.7% |
| Deferred charges and accrued income | 490/1 | €5,150 | €7,103 | +€1,953 | +37.9% |
| Total equity and liabilities | 10/49 | €74,284 | €51,589 | -€22,695 | -30.6% |
| Equity | 10/15 | €27,076 | €22,399 | -€4,677 | -17.3% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €13,216 | €8,539 | -€4,677 | -35.4% |
| Amounts payable | 17/49 | €47,208 | €29,190 | -€18,018 | -38.2% |
| Amounts payable after more than one year | 17 | €29,938 | €15,237 | -€14,702 | -49.1% |
| Financial debts | 170/4 | €29,938 | €15,237 | -€14,702 | -49.1% |
| Amounts payable within one year | 42/48 | €17,270 | €13,953 | -€3,317 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €8,221 | €3,480 | -€4,741 | -57.7% |
| Financial debts | 43 | €2,193 | €2,641 | +€448 | +20.4% |
| Credit institutions | 430/8 | €2,193 | €2,641 | +€448 | +20.4% |
| Trade debts | 44 | €806 | €4,761 | +€3,955 | +491% |
| Suppliers | 440/4 | €806 | €4,761 | +€3,955 | +491% |
| Taxes, remuneration and social security | 45 | €6,050 | €3,071 | -€2,979 | -49.2% |
| Taxes | 450/3 | €6,050 | €3,071 | -€2,979 | -49.2% |
| Non-recurring operating income | 76A | €23,642 | - | -€23,642 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,261 | €1,696 | -€1,565 | -48.0% |
| Other operating charges | 640/8 | €6,948 | €9,284 | +€2,335 | +33.6% |
| Gross operating margin | 9900 | €23,642 | €10,463 | -€13,179 | -55.7% |
| Operating profit (loss) | 9901 | €13,433 | -€517 | -€13,950 | |
| Financial income | 75/76B | €50 | €64 | +€14 | +27.5% |
| Recurring financial income | 75 | €50 | €64 | +€14 | +27.5% |
| Financial charges | 65/66B | €3,519 | €4,177 | +€658 | +18.7% |
| Recurring financial charges | 65 | €3,519 | €4,177 | +€658 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €9,965 | -€4,630 | -€14,594 | |
| Income taxes | 67/77 | €3,058 | €47 | -€3,011 | -98.5% |
| Profit (loss) for the period | 9904 | €6,906 | -€4,677 | -€11,583 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,906 | -€4,677 | -€11,583 |
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 14 October 2026 via checked.be.