PADMINI: 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.
PADMINI
Largest movements
- Tangible fixed assets +€31,205
up €31,205 (+171.4%), from €18,211 to €49,416
of which Other tangible fixed assets: +€35,411
- Cash -€11,803
down €11,803 (-92.6%), from €12,744 to €941
mainly Investment in fixed assets (net) (-€38,580) and Trade debts (-€4,107)
- Deferred charges and accrued income +€1,458
up €1,458 (+316.5%), from €461 to €1,919
- Other debts +€15,280
up €15,280 (+314.7%), from €4,855 to €20,135
- Profit (loss) carried forward +€10,454
up €10,454, from -€9,160 to €1,294
- Trade debts -€4,107
down €4,107 (-96.8%), from €4,242 to €136
- Tax, wage and social debts -€767
down €767 (-18.3%), from €4,195 to €3,429
of which Remuneration and social security: -€1,250
- Gross operating margin +€4,438
up €4,438 (+25.4%), from €17,472 to €21,910
- Depreciation +€1,834
up €1,834 (+33.1%), from €5,541 to €7,375
- Taxes +€483
up €483 (+16.4%), from €2,945 to €3,429
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 | €31,633 | €52,494 | +€20,861 | +65.9% |
| Fixed assets | 21/28 | €18,428 | €49,633 | +€31,205 | +169.3% |
| Tangible fixed assets | 22/27 | €18,211 | €49,416 | +€31,205 | +171.4% |
| Furniture and vehicles | 24 | €11,432 | €7,226 | -€4,206 | -36.8% |
| Other tangible fixed assets | 26 | €6,779 | €42,190 | +€35,411 | +522.4% |
| Financial fixed assets | 28 | €217 | €217 | = | 0.0% |
| Current assets | 29/58 | €13,204 | €2,860 | -€10,344 | -78.3% |
| Cash at bank and in hand | 54/58 | €12,744 | €941 | -€11,803 | -92.6% |
| Deferred charges and accrued income | 490/1 | €461 | €1,919 | +€1,458 | +316.5% |
| Total equity and liabilities | 10/49 | €31,633 | €52,494 | +€20,861 | +65.9% |
| Equity | 10/15 | €18,340 | €28,794 | +€10,454 | +57.0% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,160 | €1,294 | +€10,454 | |
| Amounts payable | 17/49 | €13,293 | €23,700 | +€10,407 | +78.3% |
| Amounts payable within one year | 42/48 | €13,293 | €23,700 | +€10,407 | +78.3% |
| Trade debts | 44 | €4,242 | €136 | -€4,107 | -96.8% |
| Suppliers | 440/4 | €4,242 | €136 | -€4,107 | -96.8% |
| Taxes, remuneration and social security | 45 | €4,195 | €3,429 | -€767 | -18.3% |
| Taxes | 450/3 | €2,945 | €3,429 | +€483 | +16.4% |
| Remuneration and social security | 454/9 | €1,250 | - | -€1,250 | |
| Other amounts payable | 47/48 | €4,855 | €20,135 | +€15,280 | +314.7% |
| Remuneration, social security and pensions | 62 | €49 | - | -€49 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,541 | €7,375 | +€1,834 | +33.1% |
| Other operating charges | 640/8 | €527 | €386 | -€141 | -26.7% |
| Gross operating margin | 9900 | €17,472 | €21,910 | +€4,438 | +25.4% |
| Operating profit (loss) | 9901 | €11,356 | €14,149 | +€2,793 | +24.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €228 | €266 | +€38 | +16.8% |
| Recurring financial charges | 65 | €228 | €266 | +€38 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €11,128 | €13,882 | +€2,755 | +24.8% |
| Income taxes | 67/77 | €2,945 | €3,429 | +€483 | +16.4% |
| Profit (loss) for the period | 9904 | €8,182 | €10,454 | +€2,272 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,182 | €10,454 | +€2,272 | +27.8% |
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 29 September 2026 via checked.be.