PADETTIMMO: 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.
PADETTIMMO
Largest movements
- Tangible fixed assets +€840,497
up €840,497 (+163.8%), from €513,257 to €1.4m
of which Assets under construction and advance payments: +€882,524
- Receivables within one year +€125,433
up €125,433 (+211.1%), from €59,413 to €184,846
of which Trade receivables: +€68,261
- Cash -€40,486
down €40,486 (-5.9%), from €685,512 to €645,025
mainly Investment in fixed assets (net) (-€841,971) and Receivables within one year (-€125,433)
- Debts after one year +€811,704
new in 2025: €811,704
- Trade debts +€214,247
up €214,247 (+2951.2%), from €7,260 to €221,506
- Other debts -€57,325
down €57,325 (-98.1%), from €58,410 to €1,085
- Profit (loss) carried forward -€39,518
down €39,518 (-12.7%), from -€311,151 to -€350,669
- Gross operating margin +€32,215
up €32,215 (+60.9%), from -€52,896 to -€20,681
- Depreciation -€12,166
down €12,166 (-89.2%), from €13,640 to €1,474
- Financial charges +€10,024
up €10,024 (+558.9%), from €1,794 to €11,817
- Other operating charges +€1,076
up €1,076 (+24.1%), from €4,470 to €5,546
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 | €1,258,988 | €2,183,626 | +€924,637 | +73.4% |
| Fixed assets | 21/28 | €513,257 | €1,353,754 | +€840,497 | +163.8% |
| Tangible fixed assets | 22/27 | €513,257 | €1,353,754 | +€840,497 | +163.8% |
| Land and buildings | 22 | €513,257 | €471,230 | -€42,027 | -8.2% |
| Assets under construction and advance payments | 27 | - | €882,524 | +€882,524 | |
| Current assets | 29/58 | €745,731 | €829,871 | +€84,140 | +11.3% |
| Amounts receivable within one year | 40/41 | €59,413 | €184,846 | +€125,433 | +211.1% |
| Trade receivables | 40 | - | €68,261 | +€68,261 | |
| Other amounts receivable | 41 | €59,413 | €116,585 | +€57,172 | +96.2% |
| Cash at bank and in hand | 54/58 | €685,512 | €645,025 | -€40,486 | -5.9% |
| Deferred charges and accrued income | 490/1 | €806 | €0 | -€806 | -100.0% |
| Total equity and liabilities | 10/49 | €1,258,988 | €2,183,626 | +€924,637 | +73.4% |
| Equity | 10/15 | €1,188,849 | €1,149,331 | -€39,518 | -3.3% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€311,151 | -€350,669 | -€39,518 | -12.7% |
| Amounts payable | 17/49 | €70,139 | €1,034,295 | +€964,155 | +1374.6% |
| Amounts payable after more than one year | 17 | - | €811,704 | +€811,704 | |
| Other amounts payable | 178/9 | - | €811,704 | +€811,704 | |
| Amounts payable within one year | 42/48 | €65,669 | €222,591 | +€156,922 | +239.0% |
| Trade debts | 44 | €7,260 | €221,506 | +€214,247 | +2951.2% |
| Suppliers | 440/4 | €7,260 | €221,506 | +€214,247 | +2951.2% |
| Other amounts payable | 47/48 | €58,410 | €1,085 | -€57,325 | -98.1% |
| Accrued charges and deferred income | 492/3 | €4,470 | €0 | -€4,470 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,640 | €1,474 | -€12,166 | -89.2% |
| Other operating charges | 640/8 | €4,470 | €5,546 | +€1,076 | +24.1% |
| Gross operating margin | 9900 | -€52,896 | -€20,681 | +€32,215 | +60.9% |
| Operating profit (loss) | 9901 | -€71,007 | -€27,701 | +€43,305 | +61.0% |
| Financial charges | 65/66B | €1,794 | €11,817 | +€10,024 | +558.9% |
| Recurring financial charges | 65 | €1,794 | €11,817 | +€10,024 | +558.9% |
| Profit (loss) for the period before taxes | 9903 | -€72,800 | -€39,518 | +€33,282 | +45.7% |
| Profit (loss) for the period | 9904 | -€72,800 | -€39,518 | +€33,282 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,800 | -€39,518 | +€33,282 | +45.7% |
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 7 October 2026 via checked.be.