PADITAL: 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.
PADITAL
Largest movements
- Tangible fixed assets -€73,955
down €73,955 (-11.2%), from €662,312 to €588,357
- Cash -€59,961
down €59,961 (-67.1%), from €89,411 to €29,449
mainly Debts after one year (-€81,274) and Net result for the year (-€48,975)
- Receivables within one year -€46,003
down €46,003 (-71.6%), from €64,270 to €18,267
- Stocks and contracts -€8,631
no longer reported in 2025 (was €8,631)
- Debts after one year -€81,274
down €81,274 (-20.9%), from €388,052 to €306,778
of which Financial debts: -€74,774
- Profit (loss) carried forward -€48,975
down €48,975 (-38.7%), from -€126,473 to -€175,448
- Trade debts -€27,064
down €27,064 (-92.1%), from €29,382 to €2,318
- Tax, wage and social debts -€20,986
down €20,986 (-56.3%), from €37,305 to €16,320
of which Remuneration and social security: -€23,970
- Other debts -€13,017
down €13,017 (-16.2%), from €80,356 to €67,339
- Gross operating margin -€168,052
down €168,052 (-34.7%), from €484,539 to €316,487
- Staff costs -€122,885
down €122,885 (-36.9%), from €333,229 to €210,344
- Other operating charges +€17,068
up €17,068 (+179.7%), from €9,500 to €26,569
- Financial charges +€5,751
up €5,751 (+26.8%), from €21,456 to €27,207
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 | €824,622 | €636,073 | -€188,549 | -22.9% |
| Fixed assets | 21/28 | €662,312 | €588,357 | -€73,955 | -11.2% |
| Tangible fixed assets | 22/27 | €662,312 | €588,357 | -€73,955 | -11.2% |
| Land and buildings | 22 | €502,713 | €466,404 | -€36,308 | -7.2% |
| Plant, machinery and equipment | 23 | €37,448 | €23,114 | -€14,334 | -38.3% |
| Furniture and vehicles | 24 | €21,510 | €23,358 | +€1,848 | +8.6% |
| Leasing and similar rights | 25 | €100,641 | €75,481 | -€25,160 | -25.0% |
| Current assets | 29/58 | €162,311 | €47,716 | -€114,595 | -70.6% |
| Stocks and contracts in progress | 3 | €8,631 | - | -€8,631 | |
| Stocks | 30/36 | €8,631 | - | -€8,631 | |
| Amounts receivable within one year | 40/41 | €64,270 | €18,267 | -€46,003 | -71.6% |
| Trade receivables | 40 | €64,270 | €18,267 | -€46,003 | -71.6% |
| Cash at bank and in hand | 54/58 | €89,411 | €29,449 | -€59,961 | -67.1% |
| Total equity and liabilities | 10/49 | €824,622 | €636,073 | -€188,549 | -22.9% |
| Equity | 10/15 | €212,694 | €163,719 | -€48,975 | -23.0% |
| Contributions | 10/11 | €221,184 | €221,184 | = | 0.0% |
| Capital | 10 | €221,184 | €221,184 | = | 0.0% |
| Issued capital | 100 | €221,184 | €221,184 | = | 0.0% |
| Reserves | 13 | €117,983 | €117,983 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,472 | €9,472 | = | 0.0% |
| Legal reserve | 130 | €9,472 | €9,472 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,055 | €8,055 | = | 0.0% |
| Distributable reserves | 133 | €100,456 | €100,456 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,473 | -€175,448 | -€48,975 | -38.7% |
| Amounts payable | 17/49 | €611,928 | €472,354 | -€139,574 | -22.8% |
| Amounts payable after more than one year | 17 | €388,052 | €306,778 | -€81,274 | -20.9% |
| Financial debts | 170/4 | €380,052 | €305,278 | -€74,774 | -19.7% |
| Other amounts payable | 178/9 | €8,000 | €1,500 | -€6,500 | -81.3% |
| Amounts payable within one year | 42/48 | €219,051 | €160,751 | -€58,300 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €72,007 | €74,774 | +€2,767 | +3.8% |
| Trade debts | 44 | €29,382 | €2,318 | -€27,064 | -92.1% |
| Suppliers | 440/4 | €29,382 | €2,318 | -€27,064 | -92.1% |
| Taxes, remuneration and social security | 45 | €37,305 | €16,320 | -€20,986 | -56.3% |
| Taxes | 450/3 | €12,239 | €15,223 | +€2,985 | +24.4% |
| Remuneration and social security | 454/9 | €25,067 | €1,096 | -€23,970 | -95.6% |
| Other amounts payable | 47/48 | €80,356 | €67,339 | -€13,017 | -16.2% |
| Accrued charges and deferred income | 492/3 | €4,826 | €4,826 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €333,229 | €210,344 | -€122,885 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,102 | €106,420 | +€317 | +0.3% |
| Other operating charges | 640/8 | €9,500 | €26,569 | +€17,068 | +179.7% |
| Non-recurring operating charges | 66A | €4,527 | €1,646 | -€2,881 | -63.6% |
| Gross operating margin | 9900 | €484,539 | €316,487 | -€168,052 | -34.7% |
| Operating profit (loss) | 9901 | €31,181 | -€28,491 | -€59,672 | |
| Financial income | 75/76B | €2,776 | €6,723 | +€3,948 | +142.2% |
| Recurring financial income | 75 | €2,776 | €2,960 | +€185 | +6.7% |
| Non-recurring financial income | 76B | - | €3,763 | +€3,763 | |
| Financial charges | 65/66B | €21,456 | €27,207 | +€5,751 | +26.8% |
| Recurring financial charges | 65 | €21,456 | €27,207 | +€5,751 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | €12,500 | -€48,975 | -€61,475 | |
| Income taxes | 67/77 | €3,687 | - | -€3,687 | |
| Profit (loss) for the period | 9904 | €8,813 | -€48,975 | -€57,789 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,813 | -€48,975 | -€57,789 |
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 9 October 2026 via checked.be.