PADRELING: 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.
PADRELING
Largest movements
- Cash +€87,744
up €87,744 (+88.2%), from €99,471 to €187,215
mainly Net result for the year (+€145,389) and Receivables after one year (+€80,000)
- Receivables after one year -€80,000
down €80,000 (-100.0%), from €80,000 to €0
- Receivables within one year +€36,346
up €36,346 (+16103.6%), from €226 to €36,572
of which Trade receivables: +€36,300
- Reserves +€51,271
up €51,271 (+28.3%), from €181,281 to €232,553
- Short-term financial debts -€6,808
down €6,808 (-100.0%), from €6,808 to €0
- Tax, wage and social debts +€5,649
up €5,649 (+51.1%), from €11,049 to €16,698
of which Taxes: +€5,349
- Accrued charges and deferred income -€4,211
no longer reported in 2025 (was €4,211)
- Gross operating margin -€38,730
down €38,730 (-17.0%), from €227,563 to €188,834
- Taxes -€14,716
down €14,716 (-25.7%), from €57,286 to €42,570
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 | €210,127 | €253,787 | +€43,660 | +20.8% |
| Fixed assets | 21/28 | €30,000 | €30,000 | = | 0.0% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €180,127 | €223,787 | +€43,660 | +24.2% |
| Amounts receivable after more than one year | 29 | €80,000 | €0 | -€80,000 | -100.0% |
| Other amounts receivable | 291 | €80,000 | €0 | -€80,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €226 | €36,572 | +€36,346 | +16103.6% |
| Trade receivables | 40 | - | €36,300 | +€36,300 | |
| Other amounts receivable | 41 | €226 | €272 | +€46 | +20.3% |
| Cash at bank and in hand | 54/58 | €99,471 | €187,215 | +€87,744 | +88.2% |
| Deferred charges and accrued income | 490/1 | €430 | €0 | -€430 | -100.0% |
| Total equity and liabilities | 10/49 | €210,127 | €253,787 | +€43,660 | +20.8% |
| Equity | 10/15 | €185,281 | €236,553 | +€51,271 | +27.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €181,281 | €232,553 | +€51,271 | +28.3% |
| Distributable reserves | 133 | €181,281 | €232,553 | +€51,271 | +28.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €24,845 | €17,234 | -€7,611 | -30.6% |
| Amounts payable within one year | 42/48 | €20,635 | €17,234 | -€3,401 | -16.5% |
| Financial debts | 43 | €6,808 | €0 | -€6,808 | -100.0% |
| Credit institutions | 430/8 | €6,808 | €0 | -€6,808 | -100.0% |
| Trade debts | 44 | €2,374 | €296 | -€2,078 | -87.5% |
| Suppliers | 440/4 | €2,374 | €296 | -€2,078 | -87.5% |
| Taxes, remuneration and social security | 45 | €11,049 | €16,698 | +€5,649 | +51.1% |
| Taxes | 450/3 | €11,049 | €16,398 | +€5,349 | +48.4% |
| Remuneration and social security | 454/9 | - | €300 | +€300 | |
| Other amounts payable | 47/48 | €403 | €240 | -€163 | -40.5% |
| Accrued charges and deferred income | 492/3 | €4,211 | - | -€4,211 | |
| Other operating charges | 640/8 | €147 | €549 | +€402 | +273.5% |
| Gross operating margin | 9900 | €227,563 | €188,834 | -€38,730 | -17.0% |
| Operating profit (loss) | 9901 | €227,416 | €188,284 | -€39,132 | -17.2% |
| Financial income | 75/76B | €796 | €1 | -€795 | -99.9% |
| Recurring financial income | 75 | €796 | €1 | -€795 | -99.9% |
| Financial charges | 65/66B | €714 | €327 | -€387 | -54.2% |
| Recurring financial charges | 65 | €714 | €327 | -€387 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €227,498 | €187,959 | -€39,540 | -17.4% |
| Income taxes | 67/77 | €57,286 | €42,570 | -€14,716 | -25.7% |
| Profit (loss) for the period | 9904 | €170,212 | €145,389 | -€24,823 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €170,212 | €145,389 | -€24,823 | -14.6% |
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 9 October 2026 via checked.be.