PADENBORGH: what changed
Two fiscal 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.
PADENBORGH
Largest movements
- Cash +€37,921
up €37,921 (+519.3%), from €7,303 to €45,224
mainly Net result for the year (+€69,549) and Other debts (+€50,000)
- Debts after one year -€89,400
down €89,400 (-7.8%), from €1.1m to €1.1m
- Profit (loss) carried forward +€69,549
up €69,549 (+207.7%), from €33,485 to €103,034
- Other debts +€50,000
up €50,000 (+3846.2%), from €1,300 to €51,300
- Depreciation -€43,093
down €43,093 (-58.4%), from €73,800 to €30,707
- Financial charges -€16,019
down €16,019 (-27.9%), from €57,481 to €41,463
- Gross operating margin -€11,628
down €11,628 (-6.7%), from €174,588 to €162,960
- Taxes +€8,201
up €8,201 (+98.0%), from €8,371 to €16,572
- Other operating charges +€2,644
up €2,644 (+130.6%), from €2,025 to €4,669
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 | €1,278,407 | €1,318,209 | +€39,802 | +3.1% |
| Fixed assets | 21/28 | €1,270,200 | €1,272,090 | +€1,890 | +0.1% |
| Tangible fixed assets | 22/27 | €1,270,200 | €1,272,090 | +€1,890 | +0.1% |
| Land and buildings | 22 | €1,270,200 | €1,272,090 | +€1,890 | +0.1% |
| Current assets | 29/58 | €8,207 | €46,119 | +€37,912 | +462.0% |
| Cash at bank and in hand | 54/58 | €7,303 | €45,224 | +€37,921 | +519.3% |
| Deferred charges and accrued income | 490/1 | €904 | €895 | -€9 | -1.0% |
| Total equity and liabilities | 10/49 | €1,278,407 | €1,318,209 | +€39,802 | +3.1% |
| Equity | 10/15 | €39,485 | €109,034 | +€69,549 | +176.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,485 | €103,034 | +€69,549 | +207.7% |
| Amounts payable | 17/49 | €1,238,921 | €1,209,174 | -€29,747 | -2.4% |
| Amounts payable after more than one year | 17 | €1,139,850 | €1,050,450 | -€89,400 | -7.8% |
| Financial debts | 170/4 | €1,139,850 | €1,050,450 | -€89,400 | -7.8% |
| Amounts payable within one year | 42/48 | €99,071 | €158,724 | +€59,653 | +60.2% |
| Current portion of amounts payable after more than one year | 42 | €89,400 | €89,400 | = | 0.0% |
| Trade debts | 44 | - | €1,452 | +€1,452 | |
| Suppliers | 440/4 | - | €1,452 | +€1,452 | |
| Taxes, remuneration and social security | 45 | €8,371 | €16,572 | +€8,201 | +98.0% |
| Taxes | 450/3 | €8,371 | €16,572 | +€8,201 | +98.0% |
| Other amounts payable | 47/48 | €1,300 | €51,300 | +€50,000 | +3846.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,800 | €30,707 | -€43,093 | -58.4% |
| Other operating charges | 640/8 | €2,025 | €4,669 | +€2,644 | +130.6% |
| Gross operating margin | 9900 | €174,588 | €162,960 | -€11,628 | -6.7% |
| Operating profit (loss) | 9901 | €98,763 | €127,584 | +€28,820 | +29.2% |
| Financial income | 75/76B | €575 | - | -€575 | |
| Recurring financial income | 75 | €575 | - | -€575 | |
| Financial charges | 65/66B | €57,481 | €41,463 | -€16,019 | -27.9% |
| Recurring financial charges | 65 | €57,481 | €41,463 | -€16,019 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €41,857 | €86,121 | +€44,264 | +105.8% |
| Income taxes | 67/77 | €8,371 | €16,572 | +€8,201 | +98.0% |
| Profit (loss) for the period | 9904 | €33,485 | €69,549 | +€36,063 | +107.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,485 | €69,549 | +€36,063 | +107.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.