PAT-ART: 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-ART
Largest movements
- Receivables within one year +€41,691
up €41,691 (+49.0%), from €85,063 to €126,754
of which Trade receivables: +€38,609
- Tangible fixed assets +€3,533
up €3,533 (+45.4%), from €7,775 to €11,308
of which Furniture and vehicles: +€1,779
- Trade debts +€29,522
up €29,522 (+82.8%), from €35,648 to €65,171
- Profit (loss) carried forward +€26,336
up €26,336 (+68.8%), from €38,299 to €64,635
- Debts after one year -€5,980
down €5,980 (-84.9%), from €7,047 to €1,067
- Current portion of long-term debt -€2,436
down €2,436 (-28.9%), from €8,416 to €5,980
- Staff costs -€22,523
down €22,523 (-90.5%), from €24,885 to €2,362
- Taxes +€8,223
up €8,223 (+139%), from €5,934 to €14,156
- Gross operating margin +€1,338
up €1,338 (+2.6%), from €51,722 to €53,060
- Other operating charges +€1,247
up €1,247 (+53.6%), from €2,326 to €3,573
- Depreciation +€618
up €618 (+13.2%), from €4,683 to €5,301
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 | €107,143 | €153,444 | +€46,301 | +43.2% |
| Fixed assets | 21/28 | €7,959 | €11,492 | +€3,533 | +44.4% |
| Tangible fixed assets | 22/27 | €7,775 | €11,308 | +€3,533 | +45.4% |
| Plant, machinery and equipment | 23 | - | €1,754 | +€1,754 | |
| Furniture and vehicles | 24 | €7,775 | €9,554 | +€1,779 | +22.9% |
| Financial fixed assets | 28 | €184 | €184 | = | 0.0% |
| Current assets | 29/58 | €99,185 | €141,952 | +€42,767 | +43.1% |
| Amounts receivable within one year | 40/41 | €85,063 | €126,754 | +€41,691 | +49.0% |
| Trade receivables | 40 | €34,856 | €73,465 | +€38,609 | +111% |
| Other amounts receivable | 41 | €50,207 | €53,289 | +€3,082 | +6.1% |
| Cash at bank and in hand | 54/58 | €14,122 | €15,199 | +€1,077 | +7.6% |
| Total equity and liabilities | 10/49 | €107,143 | €153,444 | +€46,301 | +43.2% |
| Equity | 10/15 | €38,599 | €64,935 | +€26,336 | +68.2% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,299 | €64,635 | +€26,336 | +68.8% |
| Amounts payable | 17/49 | €68,545 | €88,509 | +€19,964 | +29.1% |
| Amounts payable after more than one year | 17 | €7,047 | €1,067 | -€5,980 | -84.9% |
| Financial debts | 170/4 | €7,047 | €1,067 | -€5,980 | -84.9% |
| Amounts payable within one year | 42/48 | €61,498 | €87,442 | +€25,944 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | €8,416 | €5,980 | -€2,436 | -28.9% |
| Trade debts | 44 | €35,648 | €65,171 | +€29,522 | +82.8% |
| Suppliers | 440/4 | €35,648 | €65,171 | +€29,522 | +82.8% |
| Taxes, remuneration and social security | 45 | €17,433 | €16,291 | -€1,142 | -6.5% |
| Taxes | 450/3 | €5,948 | €13,293 | +€7,345 | +123% |
| Remuneration and social security | 454/9 | €11,485 | €2,998 | -€8,487 | -73.9% |
| Remuneration, social security and pensions | 62 | €24,885 | €2,362 | -€22,523 | -90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,683 | €5,301 | +€618 | +13.2% |
| Other operating charges | 640/8 | €2,326 | €3,573 | +€1,247 | +53.6% |
| Gross operating margin | 9900 | €51,722 | €53,060 | +€1,338 | +2.6% |
| Operating profit (loss) | 9901 | €19,829 | €41,824 | +€21,995 | +111% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,488 | €1,332 | -€156 | -10.5% |
| Recurring financial charges | 65 | €1,488 | €1,332 | -€156 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €18,341 | €40,493 | +€22,151 | +121% |
| Income taxes | 67/77 | €5,934 | €14,156 | +€8,223 | +139% |
| Profit (loss) for the period | 9904 | €12,408 | €26,336 | +€13,929 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €12,408 | €26,336 | +€13,929 | +112% |
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 23 October 2026 via checked.be.