Jan Pattyn: 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.
Jan Pattyn
Largest movements
- Cash +€91,200
up €91,200 (+29.9%), from €305,142 to €396,341
mainly Other debts (+€245,427) and Net result for the year (+€144,709)
- Current investments +€41,883
up €41,883 (+11.8%), from €355,287 to €397,170
- Other debts +€245,427
up €245,427 (+80,061%), from €307 to €245,734
- Reserves -€128,929
down €128,929 (-21.1%), from €611,223 to €482,294
- Tax, wage and social debts +€13,206
up €13,206 (+24.4%), from €54,088 to €67,295
- Gross operating margin +€13,157
up €13,157 (+7.4%), from €177,991 to €191,148
- Taxes -€7,936
down €7,936 (-15.4%), from €51,615 to €43,679
- Financial income +€5,826
up €5,826 (+1,709%), from €341 to €6,167
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 | €689,476 | €822,545 | +€133,070 | +19.3% |
| Fixed assets | 21/28 | €23,599 | €21,345 | -€2,254 | -9.6% |
| Tangible fixed assets | 22/27 | €23,599 | €21,345 | -€2,254 | -9.6% |
| Plant, machinery and equipment | 23 | €7,446 | €8,158 | +€712 | +9.6% |
| Furniture and vehicles | 24 | €11,036 | €9,207 | -€1,829 | -16.6% |
| Other tangible fixed assets | 26 | €5,117 | €3,980 | -€1,137 | -22.2% |
| Current assets | 29/58 | €665,877 | €801,201 | +€135,324 | +20.3% |
| Amounts receivable within one year | 40/41 | €5,448 | €1,853 | -€3,595 | -66.0% |
| Other amounts receivable | 41 | €5,448 | €1,853 | -€3,595 | -66.0% |
| Current investments | 50/53 | €355,287 | €397,170 | +€41,883 | +11.8% |
| Cash at bank and in hand | 54/58 | €305,142 | €396,341 | +€91,200 | +29.9% |
| Deferred charges and accrued income | 490/1 | - | €5,836 | +€5,836 | |
| Total equity and liabilities | 10/49 | €689,476 | €822,545 | +€133,070 | +19.3% |
| Equity | 10/15 | €626,223 | €497,294 | -€128,929 | -20.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €611,223 | €482,294 | -€128,929 | -21.1% |
| Distributable reserves | 133 | €611,223 | €482,294 | -€128,929 | -21.1% |
| Amounts payable | 17/49 | €63,253 | €325,252 | +€261,999 | +414% |
| Amounts payable within one year | 42/48 | €60,027 | €321,925 | +€261,897 | +436% |
| Trade debts | 44 | €5,633 | €8,896 | +€3,264 | +57.9% |
| Suppliers | 440/4 | €5,633 | €8,896 | +€3,264 | +57.9% |
| Taxes, remuneration and social security | 45 | €54,088 | €67,295 | +€13,206 | +24.4% |
| Taxes | 450/3 | €54,088 | €67,295 | +€13,206 | +24.4% |
| Other amounts payable | 47/48 | €307 | €245,734 | +€245,427 | +80,061% |
| Accrued charges and deferred income | 492/3 | €3,225 | €3,327 | +€102 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,526 | €5,543 | +€1,017 | +22.5% |
| Other operating charges | 640/8 | €272 | €1,474 | +€1,202 | +443% |
| Gross operating margin | 9900 | €177,991 | €191,148 | +€13,157 | +7.4% |
| Operating profit (loss) | 9901 | €173,194 | €184,130 | +€10,937 | +6.3% |
| Financial income | 75/76B | €341 | €6,167 | +€5,826 | +1,709% |
| Recurring financial income | 75 | €341 | €6,167 | +€5,826 | +1,709% |
| Financial charges | 65/66B | €1,289 | €1,910 | +€621 | +48.2% |
| Recurring financial charges | 65 | €1,289 | €1,910 | +€621 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €172,246 | €188,388 | +€16,142 | +9.4% |
| Income taxes | 67/77 | €51,615 | €43,679 | -€7,936 | -15.4% |
| Profit (loss) for the period | 9904 | €120,631 | €144,709 | +€24,078 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €120,631 | €144,709 | +€24,078 | +20.0% |
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.