The status shows whether a badge is ready to be used:

Enabled, Unrestricted: the badge can be used and doesn't expire.
Enabled, Until: the badge can be used until the date specified in the status message.
Disabled, Starting on: the badge can be used as of the date specified in the status message.
Disabled, Badge inactive: the badge can't be used.
Disabled, Validity expired: the badge can't be used.

Select a badge to activate it or change its validity period.