PADRIPA: 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.
PADRIPA
Largest movements
- Tangible fixed assets -€41,110
down €41,110 (-3.9%), from €1.1m to €1.0m
of which Land and buildings: -€42,016
- Debts after one year +€35,000
up €35,000 (+11.7%), from €300,000 to €335,000
- Profit (loss) carried forward -€23,575
down €23,575 (-22.1%), from €106,678 to €83,103
- Other debts -€22,877
down €22,877 (-7.1%), from €321,644 to €298,766
- Reserves -€19,688
down €19,688 (-8.6%), from €228,798 to €209,110
of which Tax-exempt reserves: -€19,688
- Financial charges -€8,089
down €8,089 (-27.0%), from €29,912 to €21,823
- Depreciation -€1,549
down €1,549 (-3.2%), from €48,170 to €46,621
- Gross operating margin +€1,029
up €1,029 (+3.8%), from €26,731 to €27,759
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 | €1,061,896 | €1,022,313 | -€39,583 | -3.7% |
| Fixed assets | 21/28 | €1,057,162 | €1,016,053 | -€41,110 | -3.9% |
| Tangible fixed assets | 22/27 | €1,057,162 | €1,016,053 | -€41,110 | -3.9% |
| Land and buildings | 22 | €1,043,763 | €1,001,747 | -€42,016 | -4.0% |
| Plant, machinery and equipment | 23 | €1,850 | €1,000 | -€849 | -45.9% |
| Furniture and vehicles | 24 | €11,550 | €13,306 | +€1,756 | +15.2% |
| Current assets | 29/58 | €4,734 | €6,261 | +€1,527 | +32.2% |
| Amounts receivable within one year | 40/41 | €666 | €1,011 | +€346 | +52.0% |
| Trade receivables | 40 | €666 | €1,011 | +€346 | +52.0% |
| Cash at bank and in hand | 54/58 | €4,068 | €5,249 | +€1,181 | +29.0% |
| Total equity and liabilities | 10/49 | €1,061,896 | €1,022,313 | -€39,583 | -3.7% |
| Equity | 10/15 | €347,876 | €304,613 | -€43,263 | -12.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €228,798 | €209,110 | -€19,688 | -8.6% |
| Tax-exempt reserves | 132 | €226,939 | €207,251 | -€19,688 | -8.7% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,678 | €83,103 | -€23,575 | -22.1% |
| Provisions and deferred taxes | 16 | €82,209 | €77,287 | -€4,922 | -6.0% |
| Deferred taxes | 168 | €82,209 | €77,287 | -€4,922 | -6.0% |
| Amounts payable | 17/49 | €631,811 | €640,413 | +€8,602 | +1.4% |
| Amounts payable after more than one year | 17 | €300,000 | €335,000 | +€35,000 | +11.7% |
| Other amounts payable | 178/9 | €300,000 | €335,000 | +€35,000 | +11.7% |
| Amounts payable within one year | 42/48 | €330,721 | €305,413 | -€25,308 | -7.7% |
| Taxes, remuneration and social security | 45 | €9,077 | €6,647 | -€2,430 | -26.8% |
| Taxes | 450/3 | €9,077 | €6,647 | -€2,430 | -26.8% |
| Other amounts payable | 47/48 | €321,644 | €298,766 | -€22,877 | -7.1% |
| Accrued charges and deferred income | 492/3 | €1,090 | - | -€1,090 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,170 | €46,621 | -€1,549 | -3.2% |
| Other operating charges | 640/8 | €7,062 | €7,280 | +€218 | +3.1% |
| Gross operating margin | 9900 | €26,731 | €27,759 | +€1,029 | +3.8% |
| Operating profit (loss) | 9901 | -€28,501 | -€26,141 | +€2,360 | +8.3% |
| Financial charges | 65/66B | €29,912 | €21,823 | -€8,089 | -27.0% |
| Recurring financial charges | 65 | €29,912 | €21,823 | -€8,089 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | -€58,413 | -€47,965 | +€10,449 | +17.9% |
| Transfer from deferred taxes | 780 | €4,922 | €4,922 | = | 0.0% |
| Income taxes | 67/77 | €212 | €221 | +€9 | +4.1% |
| Profit (loss) for the period | 9904 | -€53,703 | -€43,263 | +€10,440 | +19.4% |
| Transfer from tax-exempt reserves | 789 | €19,688 | €19,688 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,015 | -€23,575 | +€10,440 | +30.7% |
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 3 October 2026 via checked.be.