PADOPE: 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.
PADOPE
Largest movements
- Receivables within one year +€72,582
up €72,582 (+220.5%), from €32,917 to €105,498
of which Trade receivables: +€69,604
- Receivables after one year -€30,000
down €30,000 (-7.2%), from €418,750 to €388,750
- Cash +€25,323
up €25,323 (+324.7%), from €7,799 to €33,122
mainly Trade debts (+€37,156) and Receivables after one year (+€30,000)
- Trade debts +€37,156
up €37,156 (+70.0%), from €53,116 to €90,272
- Reserves +€26,944
up €26,944 (+11.0%), from €245,922 to €272,866
- Other debts +€5,573
up €5,573 (+3.8%), from €147,414 to €152,987
- Gross operating margin +€16,454
up €16,454 (+139.9%), from €11,758 to €28,212
- Taxes +€4,126
up €4,126 (+85.0%), from €4,855 to €8,981
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 | €475,125 | €543,030 | +€67,905 | +14.3% |
| Current assets | 29/58 | €475,125 | €543,030 | +€67,905 | +14.3% |
| Amounts receivable after more than one year | 29 | €418,750 | €388,750 | -€30,000 | -7.2% |
| Other amounts receivable | 291 | €418,750 | €388,750 | -€30,000 | -7.2% |
| Amounts receivable within one year | 40/41 | €32,917 | €105,498 | +€72,582 | +220.5% |
| Trade receivables | 40 | €25,731 | €95,335 | +€69,604 | +270.5% |
| Other amounts receivable | 41 | €7,186 | €10,164 | +€2,978 | +41.4% |
| Cash at bank and in hand | 54/58 | €7,799 | €33,122 | +€25,323 | +324.7% |
| Deferred charges and accrued income | 490/1 | €15,660 | €15,660 | = | 0.0% |
| Total equity and liabilities | 10/49 | €475,125 | €543,030 | +€67,905 | +14.3% |
| Equity | 10/15 | €266,001 | €292,945 | +€26,944 | +10.1% |
| Contributions | 10/11 | €20,079 | €20,079 | = | 0.0% |
| Reserves | 13 | €245,922 | €272,866 | +€26,944 | +11.0% |
| Distributable reserves | 133 | €245,922 | €272,866 | +€26,944 | +11.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €209,124 | €250,085 | +€40,961 | +19.6% |
| Amounts payable within one year | 42/48 | €209,124 | €250,085 | +€40,961 | +19.6% |
| Trade debts | 44 | €53,116 | €90,272 | +€37,156 | +70.0% |
| Suppliers | 440/4 | €53,116 | €90,272 | +€37,156 | +70.0% |
| Taxes, remuneration and social security | 45 | €8,594 | €6,826 | -€1,768 | -20.6% |
| Taxes | 450/3 | €8,594 | €6,826 | -€1,768 | -20.6% |
| Other amounts payable | 47/48 | €147,414 | €152,987 | +€5,573 | +3.8% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €11,758 | €28,212 | +€16,454 | +139.9% |
| Operating profit (loss) | 9901 | €11,618 | €28,068 | +€16,450 | +141.6% |
| Financial income | 75/76B | €10,469 | €10,469 | = | 0.0% |
| Recurring financial income | 75 | €10,469 | €10,469 | = | 0.0% |
| Financial charges | 65/66B | €2,667 | €2,612 | -€55 | -2.1% |
| Recurring financial charges | 65 | €2,667 | €2,612 | -€55 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €19,420 | €35,925 | +€16,505 | +85.0% |
| Income taxes | 67/77 | €4,855 | €8,981 | +€4,126 | +85.0% |
| Profit (loss) for the period | 9904 | €14,565 | €26,944 | +€12,379 | +85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,565 | €26,944 | +€12,379 | +85.0% |
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 12 October 2026 via checked.be.