PADIMAT: what changed
What changed
PADIMAT
NACE 77.399, Renting and leasing of other machinery, equipment and tangible goods
filed annual accounts (NBB)
Net result for the year
€83,447
2024 · €241,306-€157,859
Equity
€11.5m
2024 · €11.4m+€83,447
Cash
€27,385
2024 · €189,634-€162,249
Balance sheet total
€17.8m
2024 · €17.4m+€470,122
Largest movements
Assets
- Tangible fixed assets +€519,338
up €519,338 (+4.0%), from €13.0m to €13.5m
of which Leasing and similar rights: +€1.3m
Equity and liabilities
- Other debts -€2.1m
down €2.1m (-61.1%), from €3.4m to €1.3m
- Debts after one year +€1.5m
up €1.5m (+142%), from €1.1m to €2.6m
- Trade debts +€500,609
up €500,609 (+353%), from €141,654 to €642,263
- Current portion of long-term debt +€399,448
up €399,448 (+38.8%), from €1.0m to €1.4m
Income statement
- Gross operating margin +€408,880
up €408,880 (+10.9%), from €3.8m to €4.2m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€241,306
Gross operating margin
+€408,880
Depreciation
+€32,693
Other operating charges
-€7,004
Other operating items
-€570,091
Financial income
-€15,011
Financial charges
-€28,187
Taxes
+€41,035
Deferred taxes and other
-€20,174
Result 2025
€83,447
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.7m
Investment
-€3.8m
Financing
+€2.0m
Cash 2024
€189,634
From operations (derived)
+€1.7m
Net result for the year
+€83,447
Depreciation
+€3.3m
Receivables within one year
-€107,894
Smaller working-capital items
+€2,480
Trade debts
+€500,609
Tax, wage and social debts
-€12,535
Other debts
-€2.1m
Investment (derived)
-€3.8m
Investment in fixed assets (net)
-€3.8m
Financing
+€2.0m
Debts after one year
+€1.5m
Current portion of long-term debt
+€399,448
Short-term financial debts
+€26,820
Cash 2025
€27,385
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,354,928 | €17,825,050 | +€470,122 | +2.7% |
| Fixed assets | 21/28 | €13,005,070 | €13,522,907 | +€517,838 | +4.0% |
| Intangible fixed assets | 21 | €11,121 | €9,621 | -€1,500 | -13.5% |
| Tangible fixed assets | 22/27 | €12,993,949 | €13,513,287 | +€519,338 | +4.0% |
| Land and buildings | 22 | €5,236,258 | €5,238,006 | +€1,748 | 0.0% |
| Plant, machinery and equipment | 23 | €5,212,761 | €4,646,795 | -€565,966 | -10.9% |
| Furniture and vehicles | 24 | €1,720,541 | €1,540,016 | -€180,525 | -10.5% |
| Leasing and similar rights | 25 | €824,389 | €2,088,470 | +€1.3m | +153% |
| Current assets | 29/58 | €4,349,859 | €4,302,143 | -€47,716 | -1.1% |
| Amounts receivable within one year | 40/41 | €1,953,914 | €2,061,808 | +€107,894 | +5.5% |
| Trade receivables | 40 | €1,364,485 | €1,062,944 | -€301,541 | -22.1% |
| Other amounts receivable | 41 | €589,429 | €998,864 | +€409,435 | +69.5% |
| Current investments | 50/53 | €2,157,221 | €2,157,221 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €189,634 | €27,385 | -€162,249 | -85.6% |
| Deferred charges and accrued income | 490/1 | €49,090 | €55,729 | +€6,639 | +13.5% |
| Total equity and liabilities | 10/49 | €17,354,928 | €17,825,050 | +€470,122 | +2.7% |
| Equity | 10/15 | €11,433,071 | €11,516,517 | +€83,447 | +0.7% |
| Contributions | 10/11 | €409,024 | €409,024 | = | 0.0% |
| Capital | 10 | €409,024 | €409,024 | = | 0.0% |
| Issued capital | 100 | €409,024 | €409,024 | = | 0.0% |
| Reserves | 13 | €11,024,046 | €11,107,493 | +€83,447 | +0.8% |
| Non-distributable reserves | 130/1 | €40,902 | €40,902 | = | 0.0% |
| Legal reserve | 130 | €40,902 | €40,902 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,620,385 | €1,733,121 | +€112,736 | +7.0% |
| Distributable reserves | 133 | €9,362,759 | €9,333,469 | -€29,290 | -0.3% |
| Provisions and deferred taxes | 16 | €238,764 | €248,009 | +€9,245 | +3.9% |
| Deferred taxes | 168 | €238,764 | €248,009 | +€9,245 | +3.9% |
| Amounts payable | 17/49 | €5,683,094 | €6,060,524 | +€377,430 | +6.6% |
| Amounts payable after more than one year | 17 | €1,083,901 | €2,626,117 | +€1.5m | +142% |
| Financial debts | 170/4 | €1,083,901 | €2,626,117 | +€1.5m | +142% |
| Amounts payable within one year | 42/48 | €4,596,002 | €3,431,343 | -€1.2m | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €1,028,747 | €1,428,195 | +€399,448 | +38.8% |
| Financial debts | 43 | - | €26,820 | +€26,820 | |
| Credit institutions | 430/8 | - | €26,820 | +€26,820 | |
| Trade debts | 44 | €141,654 | €642,263 | +€500,609 | +353% |
| Suppliers | 440/4 | €141,654 | €642,263 | +€500,609 | +353% |
| Taxes, remuneration and social security | 45 | €23,436 | €10,900 | -€12,535 | -53.5% |
| Taxes | 450/3 | €23,436 | €10,900 | -€12,535 | -53.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,402,165 | €1,323,163 | -€2.1m | -61.1% |
| Accrued charges and deferred income | 492/3 | €3,191 | €3,064 | -€126 | -4.0% |
| Non-recurring operating income | 76A | - | €7,398 | +€7,398 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,320,129 | €3,287,436 | -€32,693 | -1.0% |
| Other operating charges | 640/8 | €179,655 | €186,660 | +€7,004 | +3.9% |
| Non-recurring operating charges | 66A | - | €570,091 | +€570,091 | |
| Gross operating margin | 9900 | €3,767,822 | €4,176,701 | +€408,880 | +10.9% |
| Operating profit (loss) | 9901 | €268,037 | €132,514 | -€135,523 | -50.6% |
| Financial income | 75/76B | €62,500 | €47,489 | -€15,011 | -24.0% |
| Recurring financial income | 75 | €62,500 | €47,489 | -€15,011 | -24.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €57,858 | €86,045 | +€28,187 | +48.7% |
| Recurring financial charges | 65 | €57,858 | €86,045 | +€28,187 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | €272,679 | €93,959 | -€178,721 | -65.5% |
| Transfer from deferred taxes | 780 | €87,645 | €96,650 | +€9,005 | +10.3% |
| Transfer to deferred taxes | 680 | €76,716 | €105,895 | +€29,179 | +38.0% |
| Income taxes | 67/77 | €42,302 | €1,267 | -€41,035 | -97.0% |
| Profit (loss) for the period | 9904 | €241,306 | €83,447 | -€157,859 | -65.4% |
| Transfer from tax-exempt reserves | 789 | €262,934 | €289,949 | +€27,015 | +10.3% |
| Transfer to tax-exempt reserves | 689 | €401,031 | €402,685 | +€1,654 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €103,209 | -€29,290 | -€132,499 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.