P. Patrick: 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.
P. Patrick
Largest movements
- Cash -€17,873
down €17,873 (-96.5%), from €18,521 to €648
mainly Net result for the year (-€14,567) and Receivables within one year (-€5,695)
- Receivables within one year +€5,695
up €5,695 (+32.7%), from €17,420 to €23,115
of which Other amounts receivable: +€5,265
- Tangible fixed assets -€5,589
down €5,589 (-36.5%), from €15,296 to €9,707
of which Furniture and vehicles: -€4,941
- Profit (loss) carried forward -€14,567
down €14,567 (-47.4%), from -€30,702 to -€45,269
- Debts after one year -€5,551
no longer reported in 2025 (was €5,551)
- Trade debts +€2,770
up €2,770 (+138%), from €2,006 to €4,776
- Tax, wage and social debts -€523
no longer reported in 2025 (was €523)
- Gross operating margin -€7,253
down €7,253 (-789%), from -€919 to -€8,171
- Other operating charges -€209
down €209 (-25.9%), from €808 to €599
- Depreciation -€148
down €148 (-2.6%), from €5,737 to €5,589
- Financial charges -€128
down €128 (-38.0%), from €338 to €210
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 | €51,400 | €33,639 | -€17,761 | -34.6% |
| Fixed assets | 21/28 | €15,296 | €9,707 | -€5,589 | -36.5% |
| Tangible fixed assets | 22/27 | €15,296 | €9,707 | -€5,589 | -36.5% |
| Plant, machinery and equipment | 23 | €964 | €316 | -€648 | -67.2% |
| Furniture and vehicles | 24 | €14,332 | €9,391 | -€4,941 | -34.5% |
| Current assets | 29/58 | €36,104 | €23,932 | -€12,172 | -33.7% |
| Amounts receivable within one year | 40/41 | €17,420 | €23,115 | +€5,695 | +32.7% |
| Trade receivables | 40 | €6,483 | €6,913 | +€430 | +6.6% |
| Other amounts receivable | 41 | €10,938 | €16,203 | +€5,265 | +48.1% |
| Cash at bank and in hand | 54/58 | €18,521 | €648 | -€17,873 | -96.5% |
| Deferred charges and accrued income | 490/1 | €163 | €169 | +€6 | +4.0% |
| Total equity and liabilities | 10/49 | €51,400 | €33,639 | -€17,761 | -34.6% |
| Equity | 10/15 | €37,879 | €23,312 | -€14,567 | -38.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €49,989 | €49,989 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €48,130 | €48,130 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,702 | -€45,269 | -€14,567 | -47.4% |
| Amounts payable | 17/49 | €13,521 | €10,327 | -€3,193 | -23.6% |
| Amounts payable after more than one year | 17 | €5,551 | - | -€5,551 | |
| Financial debts | 170/4 | €5,551 | - | -€5,551 | |
| Amounts payable within one year | 42/48 | €7,970 | €10,327 | +€2,357 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €5,441 | €5,551 | +€110 | +2.0% |
| Trade debts | 44 | €2,006 | €4,776 | +€2,770 | +138% |
| Suppliers | 440/4 | €2,006 | €4,776 | +€2,770 | +138% |
| Taxes, remuneration and social security | 45 | €523 | - | -€523 | |
| Remuneration and social security | 454/9 | €523 | - | -€523 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,737 | €5,589 | -€148 | -2.6% |
| Other operating charges | 640/8 | €808 | €599 | -€209 | -25.9% |
| Non-recurring operating charges | 66A | €694 | - | -€694 | |
| Gross operating margin | 9900 | -€919 | -€8,171 | -€7,253 | -789% |
| Operating profit (loss) | 9901 | -€8,158 | -€14,360 | -€6,202 | -76.0% |
| Financial income | 75/76B | €49 | €2 | -€47 | -96.4% |
| Recurring financial income | 75 | €49 | €2 | -€47 | -96.4% |
| Financial charges | 65/66B | €338 | €210 | -€128 | -38.0% |
| Recurring financial charges | 65 | €338 | €210 | -€128 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,447 | -€14,567 | -€6,120 | -72.5% |
| Profit (loss) for the period | 9904 | -€8,447 | -€14,567 | -€6,120 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,447 | -€14,567 | -€6,120 | -72.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.