PADS CONSULT: 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.
PADS CONSULT
Largest movements
- Receivables within one year +€12,865
up €12,865 (+23.5%), from €54,649 to €67,514
of which Trade receivables: +€14,959
- Tangible fixed assets -€12,276
down €12,276 (-17.0%), from €72,274 to €59,998
of which Furniture and vehicles: -€9,907
- Cash -€8,255
down €8,255 (-82.1%), from €10,054 to €1,798
mainly Trade debts (-€35,189) and Receivables within one year (-€12,865)
- Stocks and contracts -€2,768
down €2,768 (-6.4%), from €43,426 to €40,659
- Trade debts -€35,189
down €35,189 (-81.9%), from €42,989 to €7,801
- Other debts +€31,778
up €31,778 (+32.7%), from €97,212 to €128,990
- Profit (loss) carried forward -€6,464
down €6,464 (-23.6%), from €27,351 to €20,887
- Gross operating margin +€26,722
up €26,722, from -€18,872 to €7,850
- Depreciation -€3,121
down €3,121 (-19.6%), from €15,898 to €12,777
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 | €183,773 | €172,338 | -€11,434 | -6.2% |
| Fixed assets | 21/28 | €74,474 | €60,998 | -€13,476 | -18.1% |
| Tangible fixed assets | 22/27 | €72,274 | €59,998 | -€12,276 | -17.0% |
| Land and buildings | 22 | €60,191 | €57,370 | -€2,821 | -4.7% |
| Plant, machinery and equipment | 23 | - | €453 | +€453 | |
| Furniture and vehicles | 24 | €12,082 | €2,175 | -€9,907 | -82.0% |
| Financial fixed assets | 28 | €2,200 | €1,000 | -€1,200 | -54.5% |
| Current assets | 29/58 | €109,299 | €111,340 | +€2,041 | +1.9% |
| Stocks and contracts in progress | 3 | €43,426 | €40,659 | -€2,768 | -6.4% |
| Stocks | 30/36 | €43,426 | €40,659 | -€2,768 | -6.4% |
| Amounts receivable within one year | 40/41 | €54,649 | €67,514 | +€12,865 | +23.5% |
| Trade receivables | 40 | €52,308 | €67,268 | +€14,959 | +28.6% |
| Other amounts receivable | 41 | €2,340 | €246 | -€2,094 | -89.5% |
| Cash at bank and in hand | 54/58 | €10,054 | €1,798 | -€8,255 | -82.1% |
| Deferred charges and accrued income | 490/1 | €1,171 | €1,369 | +€199 | +17.0% |
| Total equity and liabilities | 10/49 | €183,773 | €172,338 | -€11,434 | -6.2% |
| Equity | 10/15 | €41,611 | €35,147 | -€6,464 | -15.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,351 | €20,887 | -€6,464 | -23.6% |
| Amounts payable | 17/49 | €142,161 | €137,191 | -€4,970 | -3.5% |
| Amounts payable within one year | 42/48 | €141,411 | €136,791 | -€4,620 | -3.3% |
| Trade debts | 44 | €42,989 | €7,801 | -€35,189 | -81.9% |
| Suppliers | 440/4 | €42,989 | €7,801 | -€35,189 | -81.9% |
| Advances received on contracts in progress | 46 | €1,210 | - | -€1,210 | |
| Other amounts payable | 47/48 | €97,212 | €128,990 | +€31,778 | +32.7% |
| Accrued charges and deferred income | 492/3 | €750 | €400 | -€350 | -46.7% |
| Non-recurring operating income | 76A | €45 | - | -€45 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,898 | €12,777 | -€3,121 | -19.6% |
| Other operating charges | 640/8 | €1,370 | €1,323 | -€47 | -3.4% |
| Non-recurring operating charges | 66A | €535 | €105 | -€430 | -80.4% |
| Gross operating margin | 9900 | -€18,872 | €7,850 | +€26,722 | |
| Operating profit (loss) | 9901 | -€36,675 | -€6,355 | +€30,320 | +82.7% |
| Financial income | 75/76B | €1 | €1 | -€0 | -19.8% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -19.8% |
| Financial charges | 65/66B | €127 | €110 | -€16 | -12.9% |
| Recurring financial charges | 65 | €127 | €110 | -€16 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€36,800 | -€6,464 | +€30,336 | +82.4% |
| Profit (loss) for the period | 9904 | -€36,800 | -€6,464 | +€30,336 | +82.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,800 | -€6,464 | +€30,336 | +82.4% |
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.