JUAN PAT: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
JUAN PAT
Largest movements
- Tangible fixed assets -€47,400
down €47,400 (-10.4%), from €457,950 to €410,550
- Other debts -€100,228
down €100,228 (-91.5%), from €109,502 to €9,274
- Reserves +€74,154
up €74,154 (+549%), from €13,500 to €87,654
- Contributions +€38,000
up €38,000 (+38.0%), from €100,000 to €138,000
- Profit (loss) carried forward -€36,471
down €36,471 (-23.2%), from -€157,422 to -€193,893
- Current portion of long-term debt -€17,363
no longer reported in 2025 (was €17,363)
- Gross operating margin -€16,983
down €16,983 (-74.5%), from €22,796 to €5,812
- Financial charges -€1,410
down €1,410 (-91.5%), from €1,540 to €131
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €476,901 | €427,535 | -€49,366 | -10.4% |
| Fixed assets | 21/28 | €457,950 | €410,550 | -€47,400 | -10.4% |
| Tangible fixed assets | 22/27 | €457,950 | €410,550 | -€47,400 | -10.4% |
| Land and buildings | 22 | €457,950 | €410,550 | -€47,400 | -10.4% |
| Current assets | 29/58 | €18,951 | €16,985 | -€1,966 | -10.4% |
| Cash at bank and in hand | 54/58 | €18,951 | €16,985 | -€1,966 | -10.4% |
| Total equity and liabilities | 10/49 | €476,901 | €427,535 | -€49,366 | -10.4% |
| Equity | 10/15 | €212,578 | €288,261 | +€75,683 | +35.6% |
| Contributions | 10/11 | €100,000 | €138,000 | +€38,000 | +38.0% |
| Revaluation surpluses | 12 | €256,500 | €256,500 | = | 0.0% |
| Reserves | 13 | €13,500 | €87,654 | +€74,154 | +549% |
| Distributable reserves | 133 | €13,500 | €87,654 | +€74,154 | +549% |
| Profit (loss) carried forward | 14 | -€157,422 | -€193,893 | -€36,471 | -23.2% |
| Amounts payable | 17/49 | €264,323 | €139,274 | -€125,049 | -47.3% |
| Amounts payable after more than one year | 17 | €137,458 | €130,000 | -€7,458 | -5.4% |
| Financial debts | 170/4 | €137,458 | €130,000 | -€7,458 | -5.4% |
| Amounts payable within one year | 42/48 | €126,865 | €9,274 | -€117,591 | -92.7% |
| Current portion of amounts payable after more than one year | 42 | €17,363 | - | -€17,363 | |
| Other amounts payable | 47/48 | €109,502 | €9,274 | -€100,228 | -91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,700 | €23,700 | = | 0.0% |
| Other operating charges | 640/8 | €2,743 | €2,632 | -€112 | -4.1% |
| Gross operating margin | 9900 | €22,796 | €5,812 | -€16,983 | -74.5% |
| Operating profit (loss) | 9901 | -€3,648 | -€20,519 | -€16,872 | -463% |
| Financial charges | 65/66B | €1,540 | €131 | -€1,410 | -91.5% |
| Recurring financial charges | 65 | €1,540 | €131 | -€1,410 | -91.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,188 | -€20,650 | -€15,462 | -298% |
| Profit (loss) for the period | 9904 | -€5,188 | -€20,650 | -€15,462 | -298% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,188 | -€20,650 | -€15,462 | -298% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.