PAT-AIR: 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.
PAT-AIR
Largest movements
- Receivables within one year -€8,393
down €8,393 (-57.9%), from €14,484 to €6,091
of which Trade receivables: -€9,171
- Cash -€2,595
down €2,595 (-27.4%), from €9,460 to €6,865
mainly Trade debts (-€9,379) and Investment in fixed assets (net) (-€1,222)
- Tangible fixed assets +€1,164
new in 2025: €1,164
- Deferred charges and accrued income +€711
up €711 (+27.5%), from €2,583 to €3,294
- Trade debts -€9,379
down €9,379 (-75.9%), from €12,355 to €2,977
- Gross operating margin -€10,906
down €10,906 (-33.5%), from €32,598 to €21,692
- Staff costs -€1,636
down €1,636 (-7.9%), from €20,814 to €19,178
- Depreciation -€1,615
down €1,615 (-96.5%), from €1,673 to €58
- Other operating charges -€1,131
down €1,131 (-86.7%), from €1,304 to €173
- Financial charges +€699
up €699 (+58.4%), from €1,197 to €1,897
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 | €26,526 | €17,414 | -€9,112 | -34.4% |
| Fixed assets | 21/28 | - | €1,164 | +€1,164 | |
| Tangible fixed assets | 22/27 | - | €1,164 | +€1,164 | |
| Furniture and vehicles | 24 | - | €1,164 | +€1,164 | |
| Current assets | 29/58 | €26,526 | €16,250 | -€10,277 | -38.7% |
| Amounts receivable within one year | 40/41 | €14,484 | €6,091 | -€8,393 | -57.9% |
| Trade receivables | 40 | €14,383 | €5,212 | -€9,171 | -63.8% |
| Other amounts receivable | 41 | €101 | €879 | +€778 | +769% |
| Cash at bank and in hand | 54/58 | €9,460 | €6,865 | -€2,595 | -27.4% |
| Deferred charges and accrued income | 490/1 | €2,583 | €3,294 | +€711 | +27.5% |
| Total equity and liabilities | 10/49 | €26,526 | €17,414 | -€9,112 | -34.4% |
| Equity | 10/15 | €11,901 | €11,935 | +€34 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3 | €3 | = | 0.0% |
| Distributable reserves | 133 | €3 | €3 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,699 | €5,732 | +€34 | +0.6% |
| Amounts payable | 17/49 | €14,625 | €5,479 | -€9,146 | -62.5% |
| Amounts payable within one year | 42/48 | €14,625 | €5,479 | -€9,146 | -62.5% |
| Trade debts | 44 | €12,355 | €2,977 | -€9,379 | -75.9% |
| Suppliers | 440/4 | €12,355 | €2,977 | -€9,379 | -75.9% |
| Taxes, remuneration and social security | 45 | €2,270 | €2,479 | +€209 | +9.2% |
| Taxes | 450/3 | €637 | €986 | +€349 | +54.8% |
| Remuneration and social security | 454/9 | €1,633 | €1,493 | -€140 | -8.6% |
| Other amounts payable | 47/48 | - | €24 | +€24 | |
| Remuneration, social security and pensions | 62 | €20,814 | €19,178 | -€1,636 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,673 | €58 | -€1,615 | -96.5% |
| Other operating charges | 640/8 | €1,304 | €173 | -€1,131 | -86.7% |
| Non-recurring operating charges | 66A | €546 | - | -€546 | |
| Gross operating margin | 9900 | €32,598 | €21,692 | -€10,906 | -33.5% |
| Operating profit (loss) | 9901 | €8,261 | €2,284 | -€5,977 | -72.4% |
| Financial income | 75/76B | €85 | - | -€85 | |
| Recurring financial income | 75 | €85 | - | -€85 | |
| Financial charges | 65/66B | €1,197 | €1,897 | +€699 | +58.4% |
| Recurring financial charges | 65 | €1,197 | €1,897 | +€699 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | €7,149 | €387 | -€6,762 | -94.6% |
| Income taxes | 67/77 | €632 | €354 | -€278 | -44.0% |
| Profit (loss) for the period | 9904 | €6,517 | €34 | -€6,484 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,517 | €34 | -€6,484 | -99.5% |
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.