PADIGIO: 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.
PADIGIO
Largest movements
- Tangible fixed assets -€63,712
down €63,712 (-45.6%), from €139,821 to €76,109
of which Land and buildings: -€63,712
- Cash +€3,655
up €3,655 (+552.5%), from €661 to €4,316
mainly Investment in fixed assets (net) (+€60,008) and Net result for the year (+€51,836)
- Other debts -€61,701
down €61,701 (-62.1%), from €99,310 to €37,609
- Profit (loss) carried forward +€51,836
up €51,836 (+97.2%), from -€53,322 to -€1,486
- Debts after one year -€36,126
down €36,126 (-75.8%), from €47,659 to €11,533
- Accrued charges and deferred income -€6,771
no longer reported in 2025 (was €6,771)
- Current portion of long-term debt -€6,597
down €6,597 (-37.5%), from €17,571 to €10,974
- Financial income +€62,092
new in 2025: €62,092
of which Financial income: +€62,092
- Taxes +€4,822
new in 2025: €4,822
- Depreciation -€2,721
down €2,721 (-42.4%), from €6,425 to €3,704
- Other operating charges -€438
down €438 (-16.2%), from €2,706 to €2,268
- Financial charges +€432
up €432 (+10.9%), from €3,958 to €4,391
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 | €140,483 | €80,425 | -€60,058 | -42.8% |
| Fixed assets | 21/28 | €139,821 | €76,109 | -€63,712 | -45.6% |
| Tangible fixed assets | 22/27 | €139,821 | €76,109 | -€63,712 | -45.6% |
| Land and buildings | 22 | €139,821 | €76,109 | -€63,712 | -45.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €661 | €4,316 | +€3,655 | +552.5% |
| Cash at bank and in hand | 54/58 | €661 | €4,316 | +€3,655 | +552.5% |
| Total equity and liabilities | 10/49 | €140,483 | €80,425 | -€60,058 | -42.8% |
| Equity | 10/15 | -€32,862 | €18,974 | +€51,836 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,322 | -€1,486 | +€51,836 | +97.2% |
| Amounts payable | 17/49 | €173,345 | €61,451 | -€111,894 | -64.5% |
| Amounts payable after more than one year | 17 | €47,659 | €11,533 | -€36,126 | -75.8% |
| Financial debts | 170/4 | €47,659 | €11,533 | -€36,126 | -75.8% |
| Amounts payable within one year | 42/48 | €118,916 | €49,918 | -€68,998 | -58.0% |
| Current portion of amounts payable after more than one year | 42 | €17,571 | €10,974 | -€6,597 | -37.5% |
| Financial debts | 43 | €1,425 | - | -€1,425 | |
| Credit institutions | 430/8 | €1,425 | - | -€1,425 | |
| Trade debts | 44 | €610 | €13 | -€597 | -97.9% |
| Suppliers | 440/4 | €610 | €13 | -€597 | -97.9% |
| Taxes, remuneration and social security | 45 | - | €1,322 | +€1,322 | |
| Taxes | 450/3 | - | €1,322 | +€1,322 | |
| Other amounts payable | 47/48 | €99,310 | €37,609 | -€61,701 | -62.1% |
| Accrued charges and deferred income | 492/3 | €6,771 | - | -€6,771 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,425 | €3,704 | -€2,721 | -42.4% |
| Other operating charges | 640/8 | €2,706 | €2,268 | -€438 | -16.2% |
| Gross operating margin | 9900 | €5,040 | €4,930 | -€111 | -2.2% |
| Operating profit (loss) | 9901 | -€4,091 | -€1,042 | +€3,049 | +74.5% |
| Financial income | 75/76B | - | €62,092 | +€62,092 | |
| Recurring financial income | 75 | - | €62,092 | +€62,092 | |
| Non-recurring financial income | 76B | - | €62,092 | +€62,092 | |
| Financial charges | 65/66B | €3,958 | €4,391 | +€432 | +10.9% |
| Recurring financial charges | 65 | €3,958 | €4,391 | +€432 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,050 | €56,658 | +€64,708 | |
| Income taxes | 67/77 | - | €4,822 | +€4,822 | |
| Profit (loss) for the period | 9904 | -€8,050 | €51,836 | +€59,886 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,050 | €51,836 | +€59,886 |
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 5 October 2026 via checked.be.