PADUWA: 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.
PADUWA
Largest movements
- Cash +€40,296
up €40,296 (+808%), from €4,988 to €45,283
mainly Net result for the year (+€31,596) and Tax, wage and social debts (+€18,679)
- Tangible fixed assets +€17,340
up €17,340 (+95.7%), from €18,122 to €35,461
of which Furniture and vehicles: +€19,353
- Receivables within one year +€11,252
up €11,252 (+12.1%), from €92,855 to €104,107
of which Trade receivables: +€17,443
- Profit (loss) carried forward +€31,596
up €31,596 (+73.5%), from €42,998 to €74,594
- Tax, wage and social debts +€18,679
up €18,679 (+83.3%), from €22,421 to €41,099
of which Taxes: +€18,679
- Trade debts +€13,957
up €13,957 (+114%), from €12,211 to €26,168
- Advances received +€4,656
new in 2024: €4,656
- Purchases and services +€159,760
new in 2024: €159,760
- Gross operating margin -€21,931
down €21,931 (-38.6%), from €56,773 to €34,841
- Financial charges -€5,095
down €5,095 (-82.7%), from €6,164 to €1,069
- Other operating charges -€3,392
down €3,392 (-99.5%), from €3,409 to €17
- Staff costs -€658
no longer reported in 2024 (was €658)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,121 | €194,008 | +€68,887 | +55.1% |
| Fixed assets | 21/28 | €26,230 | €43,570 | +€17,340 | +66.1% |
| Tangible fixed assets | 22/27 | €18,122 | €35,461 | +€17,340 | +95.7% |
| Furniture and vehicles | 24 | - | €19,353 | +€19,353 | |
| Other tangible fixed assets | 26 | €18,122 | €16,108 | -€2,014 | -11.1% |
| Financial fixed assets | 28 | €8,108 | €8,108 | = | 0.0% |
| Current assets | 29/58 | €98,891 | €150,438 | +€51,548 | +52.1% |
| Stocks and contracts in progress | 3 | €1,048 | €1,048 | = | 0.0% |
| Stocks | 30/36 | €1,048 | €1,048 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €92,855 | €104,107 | +€11,252 | +12.1% |
| Trade receivables | 40 | €41,726 | €59,169 | +€17,443 | +41.8% |
| Other amounts receivable | 41 | €51,129 | €44,938 | -€6,191 | -12.1% |
| Cash at bank and in hand | 54/58 | €4,988 | €45,283 | +€40,296 | +808% |
| Total equity and liabilities | 10/49 | €125,121 | €194,008 | +€68,887 | +55.1% |
| Equity | 10/15 | €86,266 | €117,862 | +€31,596 | +36.6% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €18,479 | €18,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,998 | €74,594 | +€31,596 | +73.5% |
| Amounts payable | 17/49 | €38,855 | €76,146 | +€37,292 | +96.0% |
| Amounts payable after more than one year | 17 | €250 | €250 | = | 0.0% |
| Other amounts payable | 178/9 | €250 | €250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,605 | €75,896 | +€37,292 | +96.6% |
| Current portion of amounts payable after more than one year | 42 | €3,972 | €3,972 | = | 0.0% |
| Trade debts | 44 | €12,211 | €26,168 | +€13,957 | +114% |
| Suppliers | 440/4 | €12,211 | €26,168 | +€13,957 | +114% |
| Advances received on contracts in progress | 46 | - | €4,656 | +€4,656 | |
| Taxes, remuneration and social security | 45 | €22,421 | €41,099 | +€18,679 | +83.3% |
| Taxes | 450/3 | €19,719 | €38,398 | +€18,679 | +94.7% |
| Remuneration and social security | 454/9 | €2,702 | €2,702 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €159,760 | +€159,760 | |
| Remuneration, social security and pensions | 62 | €658 | - | -€658 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,014 | €2,160 | +€147 | +7.3% |
| Other operating charges | 640/8 | €3,409 | €17 | -€3,392 | -99.5% |
| Gross operating margin | 9900 | €56,773 | €34,841 | -€21,931 | -38.6% |
| Operating profit (loss) | 9901 | €50,692 | €32,665 | -€18,028 | -35.6% |
| Financial charges | 65/66B | €6,164 | €1,069 | -€5,095 | -82.7% |
| Recurring financial charges | 65 | €6,164 | €1,069 | -€5,095 | -82.7% |
| Profit (loss) for the period before taxes | 9903 | €44,528 | €31,596 | -€12,933 | -29.0% |
| Profit (loss) for the period | 9904 | €44,528 | €31,596 | -€12,933 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,528 | €31,596 | -€12,933 | -29.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.