PADMA GROUP: 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.
PADMA GROUP
Largest movements
- Receivables within one year -€67,849
down €67,849 (-93.3%), from €72,727 to €4,878
of which Trade receivables: -€44,496
- Cash -€7,149
down €7,149 (-100.0%), from €7,150 to €0
mainly Trade debts (-€38,971) and Net result for the year (-€36,513)
- Trade debts -€38,971
down €38,971 (-76.3%), from €51,059 to €12,088
- Profit (loss) carried forward -€36,513
down €36,513, from €20,444 to -€16,068
- Gross operating margin -€31,022
down €31,022, from €12,697 to -€18,325
- Staff costs -€2,385
down €2,385 (-17.9%), from €13,308 to €10,922
- Financial charges -€1,555
down €1,555 (-23.7%), from €6,564 to €5,009
- Depreciation -€487
down €487 (-42.7%), from €1,141 to €654
- Other operating charges -€221
down €221 (-12.1%), from €1,824 to €1,603
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 | €84,789 | €8,463 | -€76,326 | -90.0% |
| Fixed assets | 21/28 | €2,558 | €1,904 | -€654 | -25.6% |
| Tangible fixed assets | 22/27 | €2,558 | €1,904 | -€654 | -25.6% |
| Plant, machinery and equipment | 23 | €1,762 | €1,262 | -€500 | -28.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €796 | €642 | -€154 | -19.3% |
| Current assets | 29/58 | €82,231 | €6,559 | -€75,673 | -92.0% |
| Stocks and contracts in progress | 3 | €1,680 | €1,680 | = | 0.0% |
| Stocks | 30/36 | €1,680 | €1,680 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €72,727 | €4,878 | -€67,849 | -93.3% |
| Trade receivables | 40 | €47,047 | €2,551 | -€44,496 | -94.6% |
| Other amounts receivable | 41 | €25,680 | €2,327 | -€23,352 | -90.9% |
| Cash at bank and in hand | 54/58 | €7,150 | €0 | -€7,149 | -100.0% |
| Deferred charges and accrued income | 490/1 | €675 | €0 | -€675 | -100.0% |
| Total equity and liabilities | 10/49 | €84,789 | €8,463 | -€76,326 | -90.0% |
| Equity | 10/15 | €30,444 | -€6,068 | -€36,513 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,444 | -€16,068 | -€36,513 | |
| Amounts payable | 17/49 | €54,345 | €14,531 | -€39,813 | -73.3% |
| Amounts payable within one year | 42/48 | €54,345 | €14,531 | -€39,813 | -73.3% |
| Trade debts | 44 | €51,059 | €12,088 | -€38,971 | -76.3% |
| Suppliers | 440/4 | €51,059 | €12,088 | -€38,971 | -76.3% |
| Taxes, remuneration and social security | 45 | €3,286 | €2,444 | -€842 | -25.6% |
| Taxes | 450/3 | €743 | €743 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,543 | €1,700 | -€842 | -33.1% |
| Remuneration, social security and pensions | 62 | €13,308 | €10,922 | -€2,385 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,141 | €654 | -€487 | -42.7% |
| Other operating charges | 640/8 | €1,824 | €1,603 | -€221 | -12.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €12,697 | -€18,325 | -€31,022 | |
| Operating profit (loss) | 9901 | -€3,576 | -€31,504 | -€27,928 | -780.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €6,564 | €5,009 | -€1,555 | -23.7% |
| Recurring financial charges | 65 | €6,564 | €5,009 | -€1,555 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,140 | -€36,513 | -€26,373 | -260.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€10,140 | -€36,513 | -€26,373 | -260.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,140 | -€36,513 | -€26,373 | -260.1% |
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.