PADOVA: 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.
PADOVA
Largest movements
- Tangible fixed assets -€16,677
down €16,677 (-3.3%), from €501,181 to €484,504
of which Land and buildings: -€10,294
- Cash +€10,558
up €10,558 (+3.9%), from €268,309 to €278,867
mainly Depreciation (+€27,958) and Receivables within one year (+€5,593)
- Debts after one year -€9,617
no longer reported in 2025 (was €9,617)
- Other operating charges +€1,230
up €1,230 (+25.8%), from €4,769 to €5,999
- Taxes -€609
down €609 (-7.0%), from €8,668 to €8,060
- Depreciation +€608
up €608 (+2.2%), from €27,350 to €27,958
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 | €790,927 | €779,378 | -€11,549 | -1.5% |
| Fixed assets | 21/28 | €501,181 | €484,504 | -€16,677 | -3.3% |
| Tangible fixed assets | 22/27 | €501,181 | €484,504 | -€16,677 | -3.3% |
| Land and buildings | 22 | €472,133 | €461,839 | -€10,294 | -2.2% |
| Furniture and vehicles | 24 | €29,048 | €22,665 | -€6,384 | -22.0% |
| Current assets | 29/58 | €289,746 | €294,874 | +€5,128 | +1.8% |
| Amounts receivable within one year | 40/41 | €5,593 | - | -€5,593 | |
| Other amounts receivable | 41 | €5,593 | - | -€5,593 | |
| Current investments | 50/53 | €14,275 | €14,335 | +€60 | +0.4% |
| Cash at bank and in hand | 54/58 | €268,309 | €278,867 | +€10,558 | +3.9% |
| Deferred charges and accrued income | 490/1 | €1,568 | €1,671 | +€104 | +6.6% |
| Total equity and liabilities | 10/49 | €790,927 | €779,378 | -€11,549 | -1.5% |
| Equity | 10/15 | €707,024 | €702,638 | -€4,387 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €41,646 | €41,646 | = | 0.0% |
| Reserves | 13 | €646,778 | €642,392 | -€4,387 | -0.7% |
| Tax-exempt reserves | 132 | €420,956 | €415,752 | -€5,205 | -1.2% |
| Distributable reserves | 133 | €225,822 | €226,640 | +€818 | +0.4% |
| Provisions and deferred taxes | 16 | €61,265 | €58,585 | -€2,680 | -4.4% |
| Deferred taxes | 168 | €61,265 | €58,585 | -€2,680 | -4.4% |
| Amounts payable | 17/49 | €22,638 | €18,155 | -€4,483 | -19.8% |
| Amounts payable after more than one year | 17 | €9,617 | - | -€9,617 | |
| Financial debts | 170/4 | €9,617 | - | -€9,617 | |
| Amounts payable within one year | 42/48 | €11,395 | €16,530 | +€5,135 | +45.1% |
| Current portion of amounts payable after more than one year | 42 | €9,248 | €9,617 | +€369 | +4.0% |
| Trade debts | 44 | €84 | - | -€84 | |
| Suppliers | 440/4 | €84 | - | -€84 | |
| Taxes, remuneration and social security | 45 | €1,139 | €534 | -€605 | -53.1% |
| Taxes | 450/3 | €1,139 | €534 | -€605 | -53.1% |
| Other amounts payable | 47/48 | €924 | €6,379 | +€5,455 | +590.4% |
| Accrued charges and deferred income | 492/3 | €1,625 | €1,625 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,350 | €27,958 | +€608 | +2.2% |
| Other operating charges | 640/8 | €4,769 | €5,999 | +€1,230 | +25.8% |
| Non-recurring operating charges | 66A | €78 | - | -€78 | |
| Gross operating margin | 9900 | €45,372 | €45,102 | -€270 | -0.6% |
| Operating profit (loss) | 9901 | €13,176 | €11,145 | -€2,030 | -15.4% |
| Financial income | 75/76B | €97 | €86 | -€11 | -11.5% |
| Recurring financial income | 75 | €97 | €86 | -€11 | -11.5% |
| Financial charges | 65/66B | €932 | €574 | -€358 | -38.4% |
| Recurring financial charges | 65 | €932 | €574 | -€358 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €12,340 | €10,657 | -€1,683 | -13.6% |
| Transfer from deferred taxes | 780 | €2,680 | €2,680 | = | 0.0% |
| Income taxes | 67/77 | €8,668 | €8,060 | -€609 | -7.0% |
| Profit (loss) for the period | 9904 | €6,352 | €5,277 | -€1,075 | -16.9% |
| Transfer from tax-exempt reserves | 789 | €5,205 | €5,205 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,556 | €10,482 | -€1,075 | -9.3% |
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 10 October 2026 via checked.be.