G.PAT: 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.
G.PAT
Largest movements
- Cash -€36,799
down €36,799 (-22.2%), from €165,706 to €128,907
mainly Other debts (-€53,595) and Tax, wage and social debts (-€2,822)
- Receivables within one year -€2,357
down €2,357 (-8.1%), from €29,138 to €26,782
of which Other amounts receivable: -€4,706
- Other debts -€53,595
down €53,595 (-99.5%), from €53,869 to €273
- Reserves +€9,511
up €9,511 (+7.7%), from €122,816 to €132,326
of which Distributable reserves: +€9,511
- Trade debts +€5,536
new in 2025: €5,536
- Tax, wage and social debts -€2,822
down €2,822 (-77.8%), from €3,628 to €806
- Gross operating margin +€12,120
up €12,120 (+635%), from €1,909 to €14,030
- Depreciation -€7,098
down €7,098 (-96.9%), from €7,326 to €229
- Taxes +€3,733
up €3,733 (+968%), from €385 to €4,118
- Financial income +€696
new in 2025: €696
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 | €198,912 | €157,542 | -€41,370 | -20.8% |
| Fixed assets | 21/28 | €229 | - | -€229 | |
| Tangible fixed assets | 22/27 | €229 | - | -€229 | |
| Furniture and vehicles | 24 | €229 | - | -€229 | |
| Current assets | 29/58 | €198,683 | €157,542 | -€41,142 | -20.7% |
| Stocks and contracts in progress | 3 | €3,569 | €1,853 | -€1,716 | -48.1% |
| Stocks | 30/36 | €3,569 | €1,853 | -€1,716 | -48.1% |
| Amounts receivable within one year | 40/41 | €29,138 | €26,782 | -€2,357 | -8.1% |
| Trade receivables | 40 | €3,628 | €5,977 | +€2,349 | +64.8% |
| Other amounts receivable | 41 | €25,511 | €20,805 | -€4,706 | -18.4% |
| Cash at bank and in hand | 54/58 | €165,706 | €128,907 | -€36,799 | -22.2% |
| Deferred charges and accrued income | 490/1 | €270 | - | -€270 | |
| Total equity and liabilities | 10/49 | €198,912 | €157,542 | -€41,370 | -20.8% |
| Equity | 10/15 | €141,416 | €150,926 | +€9,511 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €122,816 | €132,326 | +€9,511 | +7.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €120,956 | €130,466 | +€9,511 | +7.9% |
| Amounts payable | 17/49 | €57,496 | €6,615 | -€50,881 | -88.5% |
| Amounts payable within one year | 42/48 | €57,496 | €6,615 | -€50,881 | -88.5% |
| Trade debts | 44 | - | €5,536 | +€5,536 | |
| Suppliers | 440/4 | - | €5,536 | +€5,536 | |
| Taxes, remuneration and social security | 45 | €3,628 | €806 | -€2,822 | -77.8% |
| Taxes | 450/3 | €3,628 | €806 | -€2,822 | -77.8% |
| Other amounts payable | 47/48 | €53,869 | €273 | -€53,595 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,326 | €229 | -€7,098 | -96.9% |
| Other operating charges | 640/8 | €763 | €655 | -€109 | -14.2% |
| Gross operating margin | 9900 | €1,909 | €14,030 | +€12,120 | +635% |
| Operating profit (loss) | 9901 | -€6,180 | €13,146 | +€19,326 | |
| Financial income | 75/76B | - | €696 | +€696 | |
| Recurring financial income | 75 | - | €696 | +€696 | |
| Financial charges | 65/66B | €221 | €214 | -€7 | -3.2% |
| Recurring financial charges | 65 | €221 | €214 | -€7 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,401 | €13,629 | +€20,030 | |
| Income taxes | 67/77 | €385 | €4,118 | +€3,733 | +968% |
| Profit (loss) for the period | 9904 | -€6,786 | €9,511 | +€16,297 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,786 | €9,511 | +€16,297 |
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 24 October 2026 via checked.be.