PADEVI: 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.
PADEVI
Largest movements
- Cash -€21,351
down €21,351 (-58.9%), from €36,235 to €14,884
mainly Net result for the year (-€27,318) and Debts after one year (-€8,114)
- Tangible fixed assets -€19,813
down €19,813 (-61.3%), from €32,297 to €12,484
of which Furniture and vehicles: -€19,426
- Receivables within one year +€3,055
up €3,055 (+644.7%), from €474 to €3,528
of which Other amounts receivable: +€2,123
- Reserves -€27,318
down €27,318 (-40.3%), from €67,754 to €40,436
- Debts after one year -€8,114
down €8,114 (-100.0%), from €8,114 to €0
- Current portion of long-term debt -€8,014
down €8,014 (-49.7%), from €16,128 to €8,114
- Tax, wage and social debts +€5,507
up €5,507 (+31.9%), from €17,263 to €22,770
of which Remuneration and social security: +€6,808
- Gross operating margin -€28,963
down €28,963 (-28.0%), from €103,615 to €74,652
- Staff costs +€7,324
up €7,324 (+10.6%), from €69,114 to €76,438
- Taxes -€3,149
down €3,149 (-93.8%), from €3,356 to €208
- Other operating charges -€1,177
down €1,177 (-49.5%), from €2,378 to €1,201
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 | €121,837 | €83,369 | -€38,468 | -31.6% |
| Fixed assets | 21/28 | €35,802 | €15,989 | -€19,813 | -55.3% |
| Tangible fixed assets | 22/27 | €32,297 | €12,484 | -€19,813 | -61.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €423 | €36 | -€387 | -91.6% |
| Furniture and vehicles | 24 | €31,874 | €12,449 | -€19,426 | -60.9% |
| Financial fixed assets | 28 | €3,505 | €3,505 | = | 0.0% |
| Current assets | 29/58 | €86,035 | €67,380 | -€18,655 | -21.7% |
| Stocks and contracts in progress | 3 | €47,000 | €47,361 | +€361 | +0.8% |
| Stocks | 30/36 | €47,000 | €47,361 | +€361 | +0.8% |
| Amounts receivable within one year | 40/41 | €474 | €3,528 | +€3,055 | +644.7% |
| Trade receivables | 40 | €156 | €1,088 | +€931 | +595.6% |
| Other amounts receivable | 41 | €317 | €2,441 | +€2,123 | +668.9% |
| Cash at bank and in hand | 54/58 | €36,235 | €14,884 | -€21,351 | -58.9% |
| Deferred charges and accrued income | 490/1 | €2,326 | €1,606 | -€720 | -30.9% |
| Total equity and liabilities | 10/49 | €121,837 | €83,369 | -€38,468 | -31.6% |
| Equity | 10/15 | €73,954 | €46,636 | -€27,318 | -36.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,754 | €40,436 | -€27,318 | -40.3% |
| Distributable reserves | 133 | €67,754 | €40,436 | -€27,318 | -40.3% |
| Amounts payable | 17/49 | €47,883 | €36,733 | -€11,150 | -23.3% |
| Amounts payable after more than one year | 17 | €8,114 | €0 | -€8,114 | -100.0% |
| Financial debts | 170/4 | €8,114 | €0 | -€8,114 | -100.0% |
| Amounts payable within one year | 42/48 | €39,369 | €36,333 | -€3,036 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €16,128 | €8,114 | -€8,014 | -49.7% |
| Financial debts | 43 | €169 | €233 | +€64 | +37.7% |
| Other loans | 439 | €169 | €233 | +€64 | +37.7% |
| Trade debts | 44 | €1,335 | €1,006 | -€330 | -24.7% |
| Suppliers | 440/4 | €1,335 | €1,006 | -€330 | -24.7% |
| Taxes, remuneration and social security | 45 | €17,263 | €22,770 | +€5,507 | +31.9% |
| Taxes | 450/3 | €8,083 | €6,782 | -€1,302 | -16.1% |
| Remuneration and social security | 454/9 | €9,180 | €15,988 | +€6,808 | +74.2% |
| Other amounts payable | 47/48 | €4,474 | €4,211 | -€263 | -5.9% |
| Accrued charges and deferred income | 492/3 | €400 | €400 | = | 0.0% |
| Non-recurring operating income | 76A | €413 | €0 | -€413 | -100.0% |
| Remuneration, social security and pensions | 62 | €69,114 | €76,438 | +€7,324 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,243 | €21,597 | +€354 | +1.7% |
| Other operating charges | 640/8 | €2,378 | €1,201 | -€1,177 | -49.5% |
| Gross operating margin | 9900 | €103,615 | €74,652 | -€28,963 | -28.0% |
| Operating profit (loss) | 9901 | €10,880 | -€24,584 | -€35,463 | |
| Financial charges | 65/66B | €2,480 | €2,527 | +€47 | +1.9% |
| Recurring financial charges | 65 | €2,480 | €2,527 | +€47 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €8,400 | -€27,111 | -€35,510 | |
| Income taxes | 67/77 | €3,356 | €208 | -€3,149 | -93.8% |
| Profit (loss) for the period | 9904 | €5,043 | -€27,318 | -€32,361 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,043 | -€27,318 | -€32,361 |
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 1 October 2026 via checked.be.