BADC: 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.
BADC
Largest movements
- Receivables within one year +€11,592
up €11,592 (+66.2%), from €17,516 to €29,108
of which Trade receivables: +€9,662
- Tangible fixed assets +€2,986
up €2,986 (+142%), from €2,106 to €5,092
of which Furniture and vehicles: +€1,864
- Cash -€745
no longer reported in 2025 (was €745)
mainly Receivables within one year (-€11,592) and Investment in fixed assets (net) (-€3,942)
- Profit (loss) carried forward +€8,159
up €8,159 (+54.0%), from €15,121 to €23,280
- Short-term financial debts +€3,856
new in 2025: €3,856
- Current portion of long-term debt +€1,543
new in 2025: €1,543
- Gross operating margin -€8,834
down €8,834 (-40.8%), from €21,655 to €12,821
- Taxes -€3,010
down €3,010 (-48.7%), from €6,185 to €3,175
- Depreciation +€675
up €675 (+240%), from €281 to €956
- Staff costs +€409
new in 2025: €409
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 | €27,985 | €41,685 | +€13,701 | +49.0% |
| Fixed assets | 21/28 | €2,106 | €5,092 | +€2,986 | +142% |
| Tangible fixed assets | 22/27 | €2,106 | €5,092 | +€2,986 | +142% |
| Plant, machinery and equipment | 23 | €2,106 | €3,228 | +€1,123 | +53.3% |
| Furniture and vehicles | 24 | - | €1,864 | +€1,864 | |
| Current assets | 29/58 | €25,879 | €36,593 | +€10,714 | +41.4% |
| Amounts receivable within one year | 40/41 | €17,516 | €29,108 | +€11,592 | +66.2% |
| Trade receivables | 40 | - | €9,662 | +€9,662 | |
| Other amounts receivable | 41 | €17,516 | €19,446 | +€1,930 | +11.0% |
| Cash at bank and in hand | 54/58 | €745 | - | -€745 | |
| Deferred charges and accrued income | 490/1 | €7,618 | €7,485 | -€132 | -1.7% |
| Total equity and liabilities | 10/49 | €27,985 | €41,685 | +€13,701 | +49.0% |
| Equity | 10/15 | €19,121 | €27,280 | +€8,159 | +42.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,121 | €23,280 | +€8,159 | +54.0% |
| Amounts payable | 17/49 | €8,863 | €14,405 | +€5,542 | +62.5% |
| Amounts payable within one year | 42/48 | €8,863 | €14,405 | +€5,542 | +62.5% |
| Current portion of amounts payable after more than one year | 42 | - | €1,543 | +€1,543 | |
| Financial debts | 43 | - | €3,856 | +€3,856 | |
| Credit institutions | 430/8 | - | €3,856 | +€3,856 | |
| Trade debts | 44 | €879 | €692 | -€187 | -21.3% |
| Suppliers | 440/4 | €879 | €692 | -€187 | -21.3% |
| Taxes, remuneration and social security | 45 | €7,985 | €8,315 | +€330 | +4.1% |
| Taxes | 450/3 | €7,985 | €8,315 | +€330 | +4.1% |
| Remuneration, social security and pensions | 62 | - | €409 | +€409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281 | €956 | +€675 | +240% |
| Gross operating margin | 9900 | €21,655 | €12,821 | -€8,834 | -40.8% |
| Operating profit (loss) | 9901 | €21,374 | €11,456 | -€9,918 | -46.4% |
| Financial charges | 65/66B | €68 | €122 | +€54 | +79.2% |
| Recurring financial charges | 65 | €68 | €122 | +€54 | +79.2% |
| Profit (loss) for the period before taxes | 9903 | €21,306 | €11,334 | -€9,972 | -46.8% |
| Income taxes | 67/77 | €6,185 | €3,175 | -€3,010 | -48.7% |
| Profit (loss) for the period | 9904 | €15,121 | €8,159 | -€6,962 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,121 | €8,159 | -€6,962 | -46.0% |
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 28 October 2026 via checked.be.