BADEMA: 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.
BADEMA
Largest movements
- Tangible fixed assets -€52,821
down €52,821 (-3.1%), from €1.7m to €1.7m
- Current investments -€30,000
down €30,000 (-20.0%), from €150,000 to €120,000
- Deferred charges and accrued income +€21,287
up €21,287 (+783%), from €2,719 to €24,006
- Debts after one year -€52,821
down €52,821 (-2.8%), from €1.9m to €1.8m
- Revaluation surpluses -€48,526
down €48,526 (-3.9%), from €1.2m to €1.2m
- Reserves +€48,526
up €48,526 (+14.3%), from €339,997 to €388,523
of which Distributable reserves: +€48,526
- Tax, wage and social debts -€31,125
down €31,125 (-36.6%), from €85,044 to €53,919
- Gross operating margin +€21,506
up €21,506 (+8.7%), from €247,882 to €269,388
- Financial charges +€18,249
up €18,249 (+11.2%), from €162,634 to €180,883
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 | €1,952,214 | €1,878,696 | -€73,518 | -3.8% |
| Fixed assets | 21/28 | €1,717,147 | €1,664,326 | -€52,821 | -3.1% |
| Tangible fixed assets | 22/27 | €1,717,147 | €1,664,326 | -€52,821 | -3.1% |
| Land and buildings | 22 | €1,717,147 | €1,664,326 | -€52,821 | -3.1% |
| Current assets | 29/58 | €235,067 | €214,370 | -€20,696 | -8.8% |
| Amounts receivable within one year | 40/41 | €1,103 | €964 | -€139 | -12.6% |
| Trade receivables | 40 | €302 | €964 | +€662 | +219% |
| Other amounts receivable | 41 | €801 | €0 | -€801 | -100% |
| Current investments | 50/53 | €150,000 | €120,000 | -€30,000 | -20.0% |
| Cash at bank and in hand | 54/58 | €81,245 | €69,400 | -€11,844 | -14.6% |
| Deferred charges and accrued income | 490/1 | €2,719 | €24,006 | +€21,287 | +783% |
| Total equity and liabilities | 10/49 | €1,952,214 | €1,878,696 | -€73,518 | -3.8% |
| Equity | 10/15 | -€181,816 | -€180,213 | +€1,603 | +0.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,243,668 | €1,195,142 | -€48,526 | -3.9% |
| Reserves | 13 | €339,997 | €388,523 | +€48,526 | +14.3% |
| Non-distributable reserves | 130/1 | €315 | €315 | = | 0.0% |
| Legal reserve | 130 | €315 | €315 | = | 0.0% |
| Distributable reserves | 133 | €339,682 | €388,208 | +€48,526 | +14.3% |
| Profit (loss) carried forward | 14 | -€1,827,480 | -€1,825,878 | +€1,603 | +0.1% |
| Amounts payable | 17/49 | €2,134,030 | €2,058,909 | -€75,121 | -3.5% |
| Amounts payable after more than one year | 17 | €1,862,250 | €1,809,428 | -€52,821 | -2.8% |
| Financial debts | 170/4 | €1,862,250 | €1,809,428 | -€52,821 | -2.8% |
| Amounts payable within one year | 42/48 | €256,781 | €237,440 | -€19,341 | -7.5% |
| Trade debts | 44 | €5,682 | €5,287 | -€396 | -7.0% |
| Suppliers | 440/4 | €5,682 | €5,287 | -€396 | -7.0% |
| Taxes, remuneration and social security | 45 | €85,044 | €53,919 | -€31,125 | -36.6% |
| Taxes | 450/3 | €85,044 | €53,919 | -€31,125 | -36.6% |
| Other amounts payable | 47/48 | €166,055 | €178,234 | +€12,180 | +7.3% |
| Accrued charges and deferred income | 492/3 | €14,999 | €12,041 | -€2,958 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,821 | €52,821 | = | 0.0% |
| Other operating charges | 640/8 | €34,669 | €35,619 | +€949 | +2.7% |
| Gross operating margin | 9900 | €247,882 | €269,388 | +€21,506 | +8.7% |
| Operating profit (loss) | 9901 | €160,391 | €180,948 | +€20,557 | +12.8% |
| Financial income | 75/76B | €4,069 | €2,197 | -€1,872 | -46.0% |
| Recurring financial income | 75 | €4,069 | €2,197 | -€1,872 | -46.0% |
| Financial charges | 65/66B | €162,634 | €180,883 | +€18,249 | +11.2% |
| Recurring financial charges | 65 | €162,634 | €180,883 | +€18,249 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €1,826 | €2,262 | +€436 | +23.9% |
| Income taxes | 67/77 | €1,221 | €659 | -€562 | -46.0% |
| Profit (loss) for the period | 9904 | €606 | €1,603 | +€997 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €606 | €1,603 | +€997 | +165% |
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 25 October 2026 via checked.be.