PADIS: 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.
PADIS
Largest movements
- Receivables within one year -€40,690
down €40,690 (-3.0%), from €1.4m to €1.3m
of which Other amounts receivable: -€23,581
- Stocks and contracts +€34,808
up €34,808 (+3.6%), from €968,208 to €1.0m
- Tangible fixed assets +€25,910
up €25,910 (+33.6%), from €77,028 to €102,938
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€39,850
down €39,850 (-9.5%), from €419,949 to €380,099
- Financial income -€15,536
down €15,536 (-18.0%), from €86,400 to €70,864
- Taxes -€13,199
down €13,199 (-78.2%), from €16,869 to €3,669
- Write-downs -€6,637
down €6,637 (-71.7%), from €9,255 to €2,618
- Staff costs +€5,370
up €5,370 (+1.4%), from €389,444 to €394,813
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 | €2,447,512 | €2,466,673 | +€19,162 | +0.8% |
| Fixed assets | 21/28 | €77,400 | €103,310 | +€25,910 | +33.5% |
| Tangible fixed assets | 22/27 | €77,028 | €102,938 | +€25,910 | +33.6% |
| Plant, machinery and equipment | 23 | €19,024 | €23,245 | +€4,220 | +22.2% |
| Furniture and vehicles | 24 | €3,296 | €13,673 | +€10,378 | +314.9% |
| Other tangible fixed assets | 26 | €54,708 | €66,020 | +€11,312 | +20.7% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €2,370,112 | €2,363,363 | -€6,748 | -0.3% |
| Stocks and contracts in progress | 3 | €968,208 | €1,003,016 | +€34,808 | +3.6% |
| Stocks | 30/36 | €968,208 | €1,003,016 | +€34,808 | +3.6% |
| Amounts receivable within one year | 40/41 | €1,367,155 | €1,326,465 | -€40,690 | -3.0% |
| Trade receivables | 40 | €76,307 | €59,198 | -€17,109 | -22.4% |
| Other amounts receivable | 41 | €1,290,848 | €1,267,267 | -€23,581 | -1.8% |
| Cash at bank and in hand | 54/58 | €28,679 | €24,067 | -€4,612 | -16.1% |
| Deferred charges and accrued income | 490/1 | €6,071 | €9,815 | +€3,744 | +61.7% |
| Total equity and liabilities | 10/49 | €2,447,512 | €2,466,673 | +€19,162 | +0.8% |
| Equity | 10/15 | €2,253,016 | €2,258,892 | +€5,876 | +0.3% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Capital | 10 | €111,552 | €111,552 | = | 0.0% |
| Issued capital | 100 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €37,184 | €37,184 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,155 | €11,155 | = | 0.0% |
| Legal reserve | 130 | €11,155 | €11,155 | = | 0.0% |
| Distributable reserves | 133 | €26,029 | €26,029 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,104,280 | €2,110,156 | +€5,876 | +0.3% |
| Amounts payable | 17/49 | €194,496 | €207,782 | +€13,285 | +6.8% |
| Amounts payable within one year | 42/48 | €189,124 | €203,214 | +€14,090 | +7.5% |
| Trade debts | 44 | €112,545 | €129,818 | +€17,273 | +15.3% |
| Suppliers | 440/4 | €112,545 | €129,818 | +€17,273 | +15.3% |
| Advances received on contracts in progress | 46 | €5,325 | €2,015 | -€3,311 | -62.2% |
| Taxes, remuneration and social security | 45 | €71,253 | €71,381 | +€128 | +0.2% |
| Taxes | 450/3 | €6,037 | €7,233 | +€1,196 | +19.8% |
| Remuneration and social security | 454/9 | €65,216 | €64,148 | -€1,068 | -1.6% |
| Accrued charges and deferred income | 492/3 | €5,373 | €4,568 | -€805 | -15.0% |
| Remuneration, social security and pensions | 62 | €389,444 | €394,813 | +€5,370 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,975 | €22,080 | +€104 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,255 | €2,618 | -€6,637 | -71.7% |
| Other operating charges | 640/8 | €17,488 | €17,792 | +€304 | +1.7% |
| Gross operating margin | 9900 | €419,949 | €380,099 | -€39,850 | -9.5% |
| Operating profit (loss) | 9901 | -€18,213 | -€57,204 | -€38,991 | -214.1% |
| Financial income | 75/76B | €86,400 | €70,864 | -€15,536 | -18.0% |
| Recurring financial income | 75 | €86,400 | €70,864 | -€15,536 | -18.0% |
| Financial charges | 65/66B | €4,955 | €4,114 | -€840 | -17.0% |
| Recurring financial charges | 65 | €4,955 | €4,114 | -€840 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €63,232 | €9,545 | -€53,687 | -84.9% |
| Income taxes | 67/77 | €16,869 | €3,669 | -€13,199 | -78.2% |
| Profit (loss) for the period | 9904 | €46,363 | €5,876 | -€40,487 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,363 | €5,876 | -€40,487 | -87.3% |
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 11 October 2026 via checked.be.