PADI: 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.
PADI
Largest movements
- Tangible fixed assets -€10,252
down €10,252 (-17.5%), from €58,712 to €48,460
of which Other tangible fixed assets: -€9,664
- Debts after one year -€10,000
down €10,000 (-40.0%), from €25,000 to €15,000
- Profit (loss) carried forward +€4,992
up €4,992 (+26.3%), from -€18,965 to -€13,973
- Other debts -€4,803
down €4,803 (-59.7%), from €8,052 to €3,249
- Trade debts -€4,346
down €4,346 (-48.8%), from €8,904 to €4,558
- Tax, wage and social debts +€4,274
up €4,274 (+79.8%), from €5,353 to €9,627
of which Remuneration and social security: +€3,778
- Gross operating margin +€16,765
up €16,765 (+392%), from €4,281 to €21,046
- Depreciation -€775
down €775 (-6.3%), from €12,277 to €11,502
- Taxes +€536
up €536, from €0 to €536
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 | €80,816 | €71,289 | -€9,527 | -11.8% |
| Fixed assets | 21/28 | €59,522 | €49,270 | -€10,252 | -17.2% |
| Tangible fixed assets | 22/27 | €58,712 | €48,460 | -€10,252 | -17.5% |
| Plant, machinery and equipment | 23 | €3,059 | €2,245 | -€814 | -26.6% |
| Furniture and vehicles | 24 | €3,179 | €3,404 | +€225 | +7.1% |
| Other tangible fixed assets | 26 | €52,474 | €42,811 | -€9,664 | -18.4% |
| Financial fixed assets | 28 | €810 | €810 | = | 0.0% |
| Current assets | 29/58 | €21,294 | €22,020 | +€725 | +3.4% |
| Amounts receivable within one year | 40/41 | €11,950 | €12,229 | +€279 | +2.3% |
| Trade receivables | 40 | €11,931 | €11,931 | = | 0.0% |
| Other amounts receivable | 41 | €20 | €299 | +€279 | +1,432% |
| Cash at bank and in hand | 54/58 | €7,893 | €7,610 | -€282 | -3.6% |
| Deferred charges and accrued income | 490/1 | €1,452 | €2,180 | +€728 | +50.2% |
| Total equity and liabilities | 10/49 | €80,816 | €71,289 | -€9,527 | -11.8% |
| Equity | 10/15 | €33,507 | €38,499 | +€4,992 | +14.9% |
| Contributions | 10/11 | €7,100 | €7,100 | = | 0.0% |
| Reserves | 13 | €45,372 | €45,372 | = | 0.0% |
| Distributable reserves | 133 | €45,372 | €45,372 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,965 | -€13,973 | +€4,992 | +26.3% |
| Amounts payable | 17/49 | €47,309 | €32,790 | -€14,519 | -30.7% |
| Amounts payable after more than one year | 17 | €25,000 | €15,000 | -€10,000 | -40.0% |
| Financial debts | 170/4 | €25,000 | €15,000 | -€10,000 | -40.0% |
| Amounts payable within one year | 42/48 | €22,309 | €17,434 | -€4,875 | -21.9% |
| Trade debts | 44 | €8,904 | €4,558 | -€4,346 | -48.8% |
| Suppliers | 440/4 | €8,904 | €4,558 | -€4,346 | -48.8% |
| Taxes, remuneration and social security | 45 | €5,353 | €9,627 | +€4,274 | +79.8% |
| Taxes | 450/3 | €5,353 | €5,849 | +€496 | +9.3% |
| Remuneration and social security | 454/9 | - | €3,778 | +€3,778 | |
| Other amounts payable | 47/48 | €8,052 | €3,249 | -€4,803 | -59.7% |
| Accrued charges and deferred income | 492/3 | - | €357 | +€357 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,277 | €11,502 | -€775 | -6.3% |
| Other operating charges | 640/8 | €979 | €834 | -€145 | -14.8% |
| Gross operating margin | 9900 | €4,281 | €21,046 | +€16,765 | +392% |
| Operating profit (loss) | 9901 | -€8,975 | €8,709 | +€17,685 | |
| Financial income | 75/76B | €7 | €39 | +€32 | +441% |
| Recurring financial income | 75 | €7 | €39 | +€32 | +441% |
| Financial charges | 65/66B | €3,322 | €3,221 | -€101 | -3.0% |
| Recurring financial charges | 65 | €3,322 | €3,221 | -€101 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,290 | €5,528 | +€17,818 | |
| Income taxes | 67/77 | €0 | €536 | +€536 | |
| Profit (loss) for the period | 9904 | -€12,290 | €4,992 | +€17,281 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,290 | €4,992 | +€17,281 |
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 22 October 2026 via checked.be.