PADOVER: 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.
PADOVER
Largest movements
- Tangible fixed assets -€17,346
down €17,346 (-5.2%), from €336,117 to €318,770
- Profit (loss) carried forward -€13,884
down €13,884 (-6.6%), from -€211,059 to -€224,943
- Gross operating margin -€1,831
down €1,831 (-16.5%), from €11,113 to €9,283
- Financial charges -€1,750
down €1,750 (-96.2%), from €1,820 to €70
- Depreciation -€471
down €471 (-2.6%), from €17,818 to €17,346
- Other operating charges -€135
down €135 (-2.3%), from €5,886 to €5,750
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 | €349,312 | €333,738 | -€15,574 | -4.5% |
| Fixed assets | 21/28 | €336,117 | €318,770 | -€17,346 | -5.2% |
| Tangible fixed assets | 22/27 | €336,117 | €318,770 | -€17,346 | -5.2% |
| Land and buildings | 22 | €336,117 | €318,770 | -€17,346 | -5.2% |
| Current assets | 29/58 | €13,195 | €14,968 | +€1,773 | +13.4% |
| Cash at bank and in hand | 54/58 | €13,195 | €14,968 | +€1,773 | +13.4% |
| Total equity and liabilities | 10/49 | €349,312 | €333,738 | -€15,574 | -4.5% |
| Equity | 10/15 | €233,603 | €219,719 | -€13,884 | -5.9% |
| Contributions | 10/11 | €409,024 | €409,024 | = | 0.0% |
| Capital | 10 | €409,024 | €409,024 | = | 0.0% |
| Issued capital | 100 | €409,024 | €409,024 | = | 0.0% |
| Reserves | 13 | €35,637 | €35,637 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,755 | €21,755 | = | 0.0% |
| Legal reserve | 130 | €21,755 | €21,755 | = | 0.0% |
| Distributable reserves | 133 | €13,882 | €13,882 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€211,059 | -€224,943 | -€13,884 | -6.6% |
| Amounts payable | 17/49 | €115,709 | €114,019 | -€1,690 | -1.5% |
| Amounts payable within one year | 42/48 | €115,709 | €114,019 | -€1,690 | -1.5% |
| Trade debts | 44 | €6,850 | €6,852 | +€2 | 0.0% |
| Suppliers | 440/4 | €6,850 | €6,852 | +€2 | 0.0% |
| Other amounts payable | 47/48 | €108,859 | €107,167 | -€1,692 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,818 | €17,346 | -€471 | -2.6% |
| Other operating charges | 640/8 | €5,886 | €5,750 | -€135 | -2.3% |
| Gross operating margin | 9900 | €11,113 | €9,283 | -€1,831 | -16.5% |
| Operating profit (loss) | 9901 | -€12,590 | -€13,814 | -€1,224 | -9.7% |
| Financial charges | 65/66B | €1,820 | €70 | -€1,750 | -96.2% |
| Recurring financial charges | 65 | €1,820 | €70 | -€1,750 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,410 | -€13,884 | +€526 | +3.7% |
| Profit (loss) for the period | 9904 | -€14,410 | -€13,884 | +€526 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,410 | -€13,884 | +€526 | +3.7% |
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.