PADRI: 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.
PADRI
Largest movements
- Receivables after one year -€4.0m
down €4.0m (-30.0%), from €13.2m to €9.2m
- Current investments +€3.3m
new in 2025: €3.3m
- Tangible fixed assets +€1.5m
up €1.5m (+70.2%), from €2.2m to €3.7m
of which Leasing and similar rights: +€1.6m
- Receivables within one year -€659,388
down €659,388 (-58.2%), from €1.1m to €474,117
of which Other amounts receivable: -€660,165
- Deferred charges and accrued income -€257,156
down €257,156 (-91.7%), from €280,360 to €23,205
- Profit (loss) carried forward -€687,096
down €687,096 (-5.7%), from €12.1m to €11.4m
- Provisions +€524,642
up €524,642 (+6.2%), from €8.5m to €9.0m
- Financial income -€491,574
down €491,574 (-71.2%), from €690,634 to €199,060
- Financial charges +€140,617
up €140,617 (+25.7%), from €548,041 to €688,659
- Gross operating margin -€86,947
down €86,947 (-88.2%), from €98,599 to €11,651
- Depreciation +€47,678
up €47,678 (+73.0%), from €65,333 to €113,011
- Taxes -€26,240
no longer reported in 2025 (was €26,240)
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.
Derived cash bridge
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 | €22,856,110 | €22,622,048 | -€234,062 | -1.0% |
| Fixed assets | 21/28 | €7,671,081 | €9,194,499 | +€1.5m | +19.9% |
| Tangible fixed assets | 22/27 | €2,171,081 | €3,694,499 | +€1.5m | +70.2% |
| Land and buildings | 22 | €2,083,088 | €2,042,670 | -€40,418 | -1.9% |
| Plant, machinery and equipment | 23 | €82,367 | €72,395 | -€9,972 | -12.1% |
| Leasing and similar rights | 25 | €5,625 | €1,579,434 | +€1.6m | +27,979% |
| Financial fixed assets | 28 | €5,500,000 | €5,500,000 | = | 0.0% |
| Current assets | 29/58 | €15,185,030 | €13,427,550 | -€1.8m | -11.6% |
| Amounts receivable after more than one year | 29 | €13,175,532 | €9,224,872 | -€4.0m | -30.0% |
| Other amounts receivable | 291 | €13,175,532 | €9,224,872 | -€4.0m | -30.0% |
| Amounts receivable within one year | 40/41 | €1,133,504 | €474,117 | -€659,388 | -58.2% |
| Trade receivables | 40 | €15,099 | €15,876 | +€777 | +5.1% |
| Other amounts receivable | 41 | €1,118,406 | €458,240 | -€660,165 | -59.0% |
| Current investments | 50/53 | - | €3,250,000 | +€3.3m | |
| Cash at bank and in hand | 54/58 | €595,633 | €455,356 | -€140,277 | -23.6% |
| Deferred charges and accrued income | 490/1 | €280,360 | €23,205 | -€257,156 | -91.7% |
| Total equity and liabilities | 10/49 | €22,856,110 | €22,622,048 | -€234,062 | -1.0% |
| Equity | 10/15 | €12,283,618 | €11,596,522 | -€687,096 | -5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,904 | €170,904 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €152,154 | €152,154 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,094,114 | €11,407,017 | -€687,096 | -5.7% |
| Provisions and deferred taxes | 16 | €8,516,973 | €9,041,615 | +€524,642 | +6.2% |
| Provisions for liabilities and charges | 160/5 | €8,516,973 | €9,041,615 | +€524,642 | +6.2% |
| Other liabilities and charges | 164/5 | €8,516,973 | €9,041,615 | +€524,642 | +6.2% |
| Amounts payable | 17/49 | €2,055,520 | €1,983,912 | -€71,608 | -3.5% |
| Amounts payable after more than one year | 17 | €1,750,000 | €1,750,000 | = | 0.0% |
| Financial debts | 170/4 | €1,750,000 | €1,750,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €121,273 | €45,284 | -€75,989 | -62.7% |
| Trade debts | 44 | €38,723 | €39,479 | +€756 | +2.0% |
| Suppliers | 440/4 | €38,723 | €39,479 | +€756 | +2.0% |
| Taxes, remuneration and social security | 45 | €1,745 | - | -€1,745 | |
| Taxes | 450/3 | €1,745 | - | -€1,745 | |
| Other amounts payable | 47/48 | €80,805 | €5,805 | -€75,000 | -92.8% |
| Accrued charges and deferred income | 492/3 | €184,247 | €188,628 | +€4,381 | +2.4% |
| Non-recurring operating income | 76A | €518 | €10,974 | +€10,456 | +2,020% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,333 | €113,011 | +€47,678 | +73.0% |
| Other operating charges | 640/8 | €9,575 | €11,822 | +€2,248 | +23.5% |
| Non-recurring operating charges | 66A | €61,000 | €84,316 | +€23,316 | +38.2% |
| Gross operating margin | 9900 | €98,599 | €11,651 | -€86,947 | -88.2% |
| Operating profit (loss) | 9901 | -€37,308 | -€197,498 | -€160,189 | -429% |
| Financial income | 75/76B | €690,634 | €199,060 | -€491,574 | -71.2% |
| Recurring financial income | 75 | €690,634 | €199,060 | -€491,574 | -71.2% |
| Financial charges | 65/66B | €548,041 | €688,659 | +€140,617 | +25.7% |
| Recurring financial charges | 65 | €548,041 | €688,659 | +€140,617 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €105,285 | -€687,096 | -€792,381 | |
| Income taxes | 67/77 | €26,240 | - | -€26,240 | |
| Profit (loss) for the period | 9904 | €79,045 | -€687,096 | -€766,141 | |
| Profit (loss) for the period to be appropriated | 9905 | €79,045 | -€687,096 | -€766,141 |
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 24 October 2026 via checked.be.