PADRONE: 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.
PADRONE
Largest movements
- Intangible fixed assets +€46,049
up €46,049 (+68.6%), from €67,092 to €113,141
- Tangible fixed assets -€38,257
down €38,257 (-53.2%), from €71,948 to €33,691
of which Other tangible fixed assets: -€35,480
- Stocks and contracts -€19,653
down €19,653 (-76.2%), from €25,788 to €6,135
- Cash -€12,557
down €12,557 (-37.0%), from €33,914 to €21,357
mainly Net result for the year (-€136,461) and Trade debts (-€33,111)
- Deferred charges and accrued income +€3,366
up €3,366 (+257.0%), from €1,310 to €4,676
- Other debts +€140,317
up €140,317 (+92.6%), from €151,586 to €291,903
- Profit (loss) carried forward -€136,461
down €136,461 (-1822.6%), from -€7,487 to -€143,948
- Trade debts -€33,111
down €33,111 (-63.4%), from €52,241 to €19,129
- Tax, wage and social debts +€5,159
up €5,159 (+132.1%), from €3,904 to €9,062
of which Remuneration and social security: +€3,453
- Gross operating margin -€201,880
down €201,880 (-90.0%), from €224,290 to €22,411
- Staff costs -€142,236
down €142,236 (-69.8%), from €203,819 to €61,583
- Depreciation -€11,935
down €11,935 (-54.9%), from €21,740 to €9,806
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 | €211,509 | €187,790 | -€23,720 | -11.2% |
| Fixed assets | 21/28 | €139,040 | €146,832 | +€7,792 | +5.6% |
| Intangible fixed assets | 21 | €67,092 | €113,141 | +€46,049 | +68.6% |
| Tangible fixed assets | 22/27 | €71,948 | €33,691 | -€38,257 | -53.2% |
| Plant, machinery and equipment | 23 | €35,830 | €33,264 | -€2,566 | -7.2% |
| Furniture and vehicles | 24 | €638 | €427 | -€211 | -33.0% |
| Other tangible fixed assets | 26 | €35,480 | €0 | -€35,480 | -100.0% |
| Current assets | 29/58 | €72,469 | €40,957 | -€31,512 | -43.5% |
| Stocks and contracts in progress | 3 | €25,788 | €6,135 | -€19,653 | -76.2% |
| Stocks | 30/36 | €25,788 | €6,135 | -€19,653 | -76.2% |
| Amounts receivable within one year | 40/41 | €11,457 | €8,789 | -€2,668 | -23.3% |
| Trade receivables | 40 | €10,624 | €8,789 | -€1,835 | -17.3% |
| Other amounts receivable | 41 | €833 | €0 | -€833 | -100.0% |
| Cash at bank and in hand | 54/58 | €33,914 | €21,357 | -€12,557 | -37.0% |
| Deferred charges and accrued income | 490/1 | €1,310 | €4,676 | +€3,366 | +257.0% |
| Total equity and liabilities | 10/49 | €211,509 | €187,790 | -€23,720 | -11.2% |
| Equity | 10/15 | €3,233 | -€133,228 | -€136,461 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €720 | €720 | = | 0.0% |
| Distributable reserves | 133 | €720 | €720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,487 | -€143,948 | -€136,461 | -1822.6% |
| Amounts payable | 17/49 | €208,276 | €321,018 | +€112,742 | +54.1% |
| Amounts payable within one year | 42/48 | €207,730 | €320,310 | +€112,580 | +54.2% |
| Financial debts | 43 | - | €18 | +€18 | |
| Credit institutions | 430/8 | - | €18 | +€18 | |
| Trade debts | 44 | €52,241 | €19,129 | -€33,111 | -63.4% |
| Suppliers | 440/4 | €52,241 | €19,129 | -€33,111 | -63.4% |
| Advances received on contracts in progress | 46 | - | €198 | +€198 | |
| Taxes, remuneration and social security | 45 | €3,904 | €9,062 | +€5,159 | +132.1% |
| Taxes | 450/3 | €1,876 | €3,581 | +€1,705 | +90.9% |
| Remuneration and social security | 454/9 | €2,028 | €5,481 | +€3,453 | +170.3% |
| Other amounts payable | 47/48 | €151,586 | €291,903 | +€140,317 | +92.6% |
| Accrued charges and deferred income | 492/3 | €546 | €707 | +€161 | +29.6% |
| Remuneration, social security and pensions | 62 | €203,819 | €61,583 | -€142,236 | -69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,740 | €9,806 | -€11,935 | -54.9% |
| Other operating charges | 640/8 | €4,416 | €5,596 | +€1,180 | +26.7% |
| Non-recurring operating charges | 66A | - | €80,664 | +€80,664 | |
| Gross operating margin | 9900 | €224,290 | €22,411 | -€201,880 | -90.0% |
| Operating profit (loss) | 9901 | -€5,685 | -€135,238 | -€129,553 | -2278.9% |
| Financial income | 75/76B | €135 | €0 | -€135 | -100.0% |
| Recurring financial income | 75 | €135 | €0 | -€135 | -100.0% |
| Financial charges | 65/66B | €1,937 | €1,223 | -€714 | -36.8% |
| Recurring financial charges | 65 | €1,937 | €1,223 | -€714 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,487 | -€136,461 | -€128,974 | -1722.6% |
| Profit (loss) for the period | 9904 | -€7,487 | -€136,461 | -€128,974 | -1722.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,487 | -€136,461 | -€128,974 | -1722.6% |
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.