DAVID & PATSY: what changed
Two fiscal 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.
DAVID & PATSY
Largest movements
- Cash -€16,531
down €16,531 (-24.9%), from €66,408 to €49,877
mainly Receivables within one year (-€16,310) and Tax, wage and social debts (-€7,951)
- Receivables within one year +€16,310
up €16,310 (+43.8%), from €37,237 to €53,548
of which Trade receivables: +€15,328
- Tangible fixed assets +€3,758
up €3,758 (+518.0%), from €725 to €4,483
of which Plant, machinery and equipment: +€2,005
- Profit (loss) carried forward +€13,859
up €13,859 (+40.8%), from -€33,981 to -€20,121
- Tax, wage and social debts -€7,951
down €7,951 (-98.4%), from €8,082 to €131
- Trade debts -€1,335
down €1,335 (-95.9%), from €1,392 to €57
- Gross operating margin +€45,673
up €45,673, from -€30,777 to €14,895
- Staff costs -€2,958
no longer reported in 2025 (was €2,958)
- Depreciation +€598
up €598 (+258.8%), from €231 to €830
- Financial charges +€333
up €333 (+57.7%), from €578 to €911
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.
Cash bridge derived
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 | €104,371 | €108,944 | +€4,573 | +4.4% |
| Fixed assets | 21/28 | €725 | €4,483 | +€3,758 | +518.0% |
| Tangible fixed assets | 22/27 | €725 | €4,483 | +€3,758 | +518.0% |
| Plant, machinery and equipment | 23 | €725 | €2,730 | +€2,005 | +276.3% |
| Furniture and vehicles | 24 | - | €1,753 | +€1,753 | |
| Current assets | 29/58 | €103,645 | €104,461 | +€815 | +0.8% |
| Amounts receivable within one year | 40/41 | €37,237 | €53,548 | +€16,310 | +43.8% |
| Trade receivables | 40 | €11,322 | €26,650 | +€15,328 | +135.4% |
| Other amounts receivable | 41 | €25,915 | €26,898 | +€983 | +3.8% |
| Cash at bank and in hand | 54/58 | €66,408 | €49,877 | -€16,531 | -24.9% |
| Deferred charges and accrued income | 490/1 | - | €1,036 | +€1,036 | |
| Total equity and liabilities | 10/49 | €104,371 | €108,944 | +€4,573 | +4.4% |
| Equity | 10/15 | €94,896 | €108,756 | +€13,859 | +14.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €108,877 | €108,877 | = | 0.0% |
| Distributable reserves | 133 | €108,877 | €108,877 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,981 | -€20,121 | +€13,859 | +40.8% |
| Amounts payable | 17/49 | €9,474 | €188 | -€9,286 | -98.0% |
| Amounts payable within one year | 42/48 | €9,474 | €188 | -€9,286 | -98.0% |
| Trade debts | 44 | €1,392 | €57 | -€1,335 | -95.9% |
| Suppliers | 440/4 | €1,392 | €57 | -€1,335 | -95.9% |
| Taxes, remuneration and social security | 45 | €8,082 | €131 | -€7,951 | -98.4% |
| Taxes | 450/3 | €8,082 | €131 | -€7,951 | -98.4% |
| Remuneration, social security and pensions | 62 | €2,958 | - | -€2,958 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231 | €830 | +€598 | +258.8% |
| Other operating charges | 640/8 | €88 | €200 | +€112 | +127.0% |
| Gross operating margin | 9900 | -€30,777 | €14,895 | +€45,673 | |
| Operating profit (loss) | 9901 | -€34,054 | €13,866 | +€47,920 | |
| Financial income | 75/76B | €927 | €1,036 | +€109 | +11.8% |
| Recurring financial income | 75 | €927 | €1,036 | +€109 | +11.8% |
| Financial charges | 65/66B | €578 | €911 | +€333 | +57.7% |
| Recurring financial charges | 65 | €578 | €911 | +€333 | +57.7% |
| Profit (loss) for the period before taxes | 9903 | -€33,706 | €13,990 | +€47,696 | |
| Income taxes | 67/77 | €275 | €131 | -€144 | -52.3% |
| Profit (loss) for the period | 9904 | -€33,981 | €13,859 | +€47,840 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,981 | €13,859 | +€47,840 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.