MARC PATTACINI: 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.
MARC PATTACINI
Largest movements
- Cash +€30,565
up €30,565 (+61.9%), from €49,382 to €79,947
mainly Receivables within one year (+€17,111) and Net result for the year (+€10,358)
- Receivables within one year -€17,111
down €17,111 (-56.7%), from €30,161 to €13,050
of which Other amounts receivable: -€15,377
- Tangible fixed assets -€9,168
down €9,168 (-53.0%), from €17,311 to €8,143
of which Furniture and vehicles: -€8,558
- Profit (loss) carried forward +€10,358
up €10,358 (+48.3%), from -€21,424 to -€11,066
- Current portion of long-term debt -€4,909
down €4,909 (-66.5%), from €7,379 to €2,470
- Debts after one year -€2,470
no longer reported in 2025 (was €2,470)
- Other debts +€1,512
up €1,512 (+7,264%), from €21 to €1,532
- Gross operating margin +€25,658
up €25,658, from -€3,951 to €21,707
- Depreciation -€291
down €291 (-2.8%), from €10,530 to €10,239
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 | €97,656 | €101,957 | +€4,301 | +4.4% |
| Fixed assets | 21/28 | €17,337 | €8,143 | -€9,194 | -53.0% |
| Intangible fixed assets | 21 | €26 | - | -€26 | |
| Tangible fixed assets | 22/27 | €17,311 | €8,143 | -€9,168 | -53.0% |
| Plant, machinery and equipment | 23 | €5,041 | €4,431 | -€610 | -12.1% |
| Furniture and vehicles | 24 | €12,270 | €3,712 | -€8,558 | -69.7% |
| Current assets | 29/58 | €80,319 | €93,813 | +€13,495 | +16.8% |
| Amounts receivable within one year | 40/41 | €30,161 | €13,050 | -€17,111 | -56.7% |
| Trade receivables | 40 | €14,413 | €12,678 | -€1,734 | -12.0% |
| Other amounts receivable | 41 | €15,749 | €372 | -€15,377 | -97.6% |
| Cash at bank and in hand | 54/58 | €49,382 | €79,947 | +€30,565 | +61.9% |
| Deferred charges and accrued income | 490/1 | €776 | €816 | +€40 | +5.2% |
| Total equity and liabilities | 10/49 | €97,656 | €101,957 | +€4,301 | +4.4% |
| Equity | 10/15 | €81,543 | €91,901 | +€10,358 | +12.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €98,967 | €98,967 | = | 0.0% |
| Distributable reserves | 133 | €98,967 | €98,967 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,424 | -€11,066 | +€10,358 | +48.3% |
| Amounts payable | 17/49 | €16,112 | €10,056 | -€6,057 | -37.6% |
| Amounts payable after more than one year | 17 | €2,470 | - | -€2,470 | |
| Financial debts | 170/4 | €2,470 | - | -€2,470 | |
| Amounts payable within one year | 42/48 | €13,642 | €10,056 | -€3,587 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €7,379 | €2,470 | -€4,909 | -66.5% |
| Trade debts | 44 | €3,894 | €3,080 | -€814 | -20.9% |
| Suppliers | 440/4 | €3,894 | €3,080 | -€814 | -20.9% |
| Taxes, remuneration and social security | 45 | €2,348 | €2,973 | +€625 | +26.6% |
| Taxes | 450/3 | €2,348 | €2,973 | +€625 | +26.6% |
| Other amounts payable | 47/48 | €21 | €1,532 | +€1,512 | +7,264% |
| Non-recurring operating income | 76A | €7,600 | - | -€7,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,530 | €10,239 | -€291 | -2.8% |
| Other operating charges | 640/8 | €915 | €1,029 | +€114 | +12.4% |
| Gross operating margin | 9900 | -€3,951 | €21,707 | +€25,658 | |
| Operating profit (loss) | 9901 | -€15,396 | €10,439 | +€25,835 | |
| Financial income | 75/76B | €9 | €14 | +€5 | +61.4% |
| Recurring financial income | 75 | €9 | €14 | +€5 | +61.4% |
| Financial charges | 65/66B | €92 | €96 | +€3 | +3.7% |
| Recurring financial charges | 65 | €92 | €96 | +€3 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,479 | €10,358 | +€25,837 | |
| Income taxes | 67/77 | €128 | - | -€128 | |
| Profit (loss) for the period | 9904 | -€15,607 | €10,358 | +€25,965 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,607 | €10,358 | +€25,965 |
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 20 October 2026 via checked.be.