PADEMEERLEER: 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.
PADEMEERLEER
Largest movements
- Cash -€71,590
down €71,590 (-45.0%), from €159,260 to €87,670
mainly Contributions, distributions and other (-€155,412) and Other debts (-€46,507)
- Tangible fixed assets -€32,737
down €32,737 (-10.3%), from €318,872 to €286,135
- Deferred charges and accrued income -€13,855
no longer reported in 2025 (was €13,855)
- Reserves -€82,710
down €82,710 (-19.3%), from €429,212 to €346,502
- Other debts -€46,507
down €46,507 (-80.9%), from €57,500 to €10,993
- Tax, wage and social debts +€10,563
up €10,563 (+2,558%), from €413 to €10,976
- Gross operating margin +€5,772
up €5,772 (+3.8%), from €151,952 to €157,724
- Taxes +€2,011
up €2,011 (+6.2%), from €32,413 to €34,424
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 | €526,645 | €408,379 | -€118,266 | -22.5% |
| Fixed assets | 21/28 | €318,872 | €286,135 | -€32,737 | -10.3% |
| Tangible fixed assets | 22/27 | €318,872 | €286,135 | -€32,737 | -10.3% |
| Land and buildings | 22 | €318,872 | €286,135 | -€32,737 | -10.3% |
| Current assets | 29/58 | €207,773 | €122,244 | -€85,529 | -41.2% |
| Current investments | 50/53 | €34,658 | €34,574 | -€84 | -0.2% |
| Cash at bank and in hand | 54/58 | €159,260 | €87,670 | -€71,590 | -45.0% |
| Deferred charges and accrued income | 490/1 | €13,855 | - | -€13,855 | |
| Total equity and liabilities | 10/49 | €526,645 | €408,379 | -€118,266 | -22.5% |
| Equity | 10/15 | €456,767 | €374,057 | -€82,710 | -18.1% |
| Contributions | 10/11 | €27,555 | €27,555 | = | 0.0% |
| Reserves | 13 | €429,212 | €346,502 | -€82,710 | -19.3% |
| Distributable reserves | 133 | €429,212 | €346,502 | -€82,710 | -19.3% |
| Amounts payable | 17/49 | €69,878 | €34,322 | -€35,556 | -50.9% |
| Amounts payable within one year | 42/48 | €57,913 | €21,969 | -€35,944 | -62.1% |
| Taxes, remuneration and social security | 45 | €413 | €10,976 | +€10,563 | +2,558% |
| Taxes | 450/3 | €413 | €10,976 | +€10,563 | +2,558% |
| Other amounts payable | 47/48 | €57,500 | €10,993 | -€46,507 | -80.9% |
| Accrued charges and deferred income | 492/3 | €11,965 | €12,353 | +€388 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,737 | €32,737 | = | 0.0% |
| Other operating charges | 640/8 | €14,948 | €15,413 | +€465 | +3.1% |
| Gross operating margin | 9900 | €151,952 | €157,724 | +€5,772 | +3.8% |
| Operating profit (loss) | 9901 | €104,267 | €109,574 | +€5,307 | +5.1% |
| Financial charges | 65/66B | €2,398 | €2,448 | +€50 | +2.1% |
| Recurring financial charges | 65 | €2,398 | €2,448 | +€50 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €101,869 | €107,126 | +€5,257 | +5.2% |
| Income taxes | 67/77 | €32,413 | €34,424 | +€2,011 | +6.2% |
| Profit (loss) for the period | 9904 | €69,456 | €72,702 | +€3,246 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,456 | €72,702 | +€3,246 | +4.7% |
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 28 October 2026 via checked.be.