Wel Padel: 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.
Wel Padel
Largest movements
- Cash +€130,946
up €130,946 (+213%), from €61,501 to €192,447
mainly Net result for the year (+€171,578) and Trade debts (+€126,427)
- Tangible fixed assets -€78,317
down €78,317 (-9.3%), from €845,532 to €767,215
of which Land and buildings: -€72,608
- Receivables within one year +€71,936
up €71,936 (+88.4%), from €81,372 to €153,308
of which Trade receivables: +€109,010
- Deferred charges and accrued income +€31,370
up €31,370 (+1,943%), from €1,614 to €32,985
- Profit (loss) carried forward +€169,774
up €169,774 (+27.9%), from -€608,911 to -€439,138
- Trade debts +€126,427
up €126,427 (+293%), from €43,170 to €169,597
- Debts after one year -€84,711
down €84,711 (-12.4%), from €684,343 to €599,632
- Other debts -€72,006
down €72,006 (-9.8%), from €731,918 to €659,912
- Tax, wage and social debts +€13,857
new in 2025: €13,857
of which Remuneration and social security: +€13,769
- Gross operating margin +€130,141
up €130,141 (+51.6%), from €252,268 to €382,409
- Staff costs +€87,065
new in 2025: €87,065
- Depreciation +€9,314
up €9,314 (+10.7%), from €86,831 to €96,145
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 | €1,015,292 | €1,169,572 | +€154,279 | +15.2% |
| Fixed assets | 21/28 | €845,796 | €767,479 | -€78,317 | -9.3% |
| Tangible fixed assets | 22/27 | €845,532 | €767,215 | -€78,317 | -9.3% |
| Land and buildings | 22 | €819,378 | €746,770 | -€72,608 | -8.9% |
| Plant, machinery and equipment | 23 | €13,714 | €12,966 | -€748 | -5.5% |
| Furniture and vehicles | 24 | €12,440 | €7,479 | -€4,961 | -39.9% |
| Financial fixed assets | 28 | €264 | €264 | = | 0.0% |
| Current assets | 29/58 | €169,496 | €402,092 | +€232,596 | +137% |
| Stocks and contracts in progress | 3 | €25,009 | €23,353 | -€1,656 | -6.6% |
| Stocks | 30/36 | €25,009 | €23,353 | -€1,656 | -6.6% |
| Amounts receivable within one year | 40/41 | €81,372 | €153,308 | +€71,936 | +88.4% |
| Trade receivables | 40 | €29,754 | €138,763 | +€109,010 | +366% |
| Other amounts receivable | 41 | €51,618 | €14,544 | -€37,074 | -71.8% |
| Cash at bank and in hand | 54/58 | €61,501 | €192,447 | +€130,946 | +213% |
| Deferred charges and accrued income | 490/1 | €1,614 | €32,985 | +€31,370 | +1,943% |
| Total equity and liabilities | 10/49 | €1,015,292 | €1,169,572 | +€154,279 | +15.2% |
| Equity | 10/15 | -€533,911 | -€364,138 | +€169,774 | +31.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€608,911 | -€439,138 | +€169,774 | +27.9% |
| Amounts payable | 17/49 | €1,549,203 | €1,533,709 | -€15,494 | -1.0% |
| Amounts payable after more than one year | 17 | €684,343 | €599,632 | -€84,711 | -12.4% |
| Financial debts | 170/4 | €684,343 | €599,632 | -€84,711 | -12.4% |
| Amounts payable within one year | 42/48 | €856,861 | €928,077 | +€71,216 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €81,773 | €84,711 | +€2,938 | +3.6% |
| Trade debts | 44 | €43,170 | €169,597 | +€126,427 | +293% |
| Suppliers | 440/4 | €43,170 | €169,597 | +€126,427 | +293% |
| Taxes, remuneration and social security | 45 | - | €13,857 | +€13,857 | |
| Taxes | 450/3 | - | €88 | +€88 | |
| Remuneration and social security | 454/9 | - | €13,769 | +€13,769 | |
| Other amounts payable | 47/48 | €731,918 | €659,912 | -€72,006 | -9.8% |
| Accrued charges and deferred income | 492/3 | €8,000 | €6,000 | -€2,000 | -25.0% |
| Remuneration, social security and pensions | 62 | - | €87,065 | +€87,065 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,831 | €96,145 | +€9,314 | +10.7% |
| Other operating charges | 640/8 | €1,163 | €836 | -€327 | -28.1% |
| Gross operating margin | 9900 | €252,268 | €382,409 | +€130,141 | +51.6% |
| Operating profit (loss) | 9901 | €164,274 | €198,363 | +€34,089 | +20.8% |
| Financial income | 75/76B | €1,616 | €739 | -€877 | -54.3% |
| Recurring financial income | 75 | €1,616 | €739 | -€877 | -54.3% |
| Financial charges | 65/66B | €29,095 | €27,435 | -€1,660 | -5.7% |
| Recurring financial charges | 65 | €29,095 | €27,435 | -€1,660 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €136,795 | €171,667 | +€34,872 | +25.5% |
| Income taxes | 67/77 | - | €88 | +€88 | |
| Profit (loss) for the period | 9904 | €136,795 | €171,578 | +€34,783 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €136,795 | €171,578 | +€34,783 | +25.4% |
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 17 October 2026 via checked.be.