PAT&CO: 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&CO
Largest movements
- Receivables within one year +€27,071
up €27,071 (+13.9%), from €195,356 to €222,428
of which Trade receivables: +€16,889
- Intangible fixed assets -€17,377
down €17,377 (-33.9%), from €51,317 to €33,940
- Cash +€9,242
up €9,242 (+131%), from €7,078 to €16,320
mainly Net result for the year (+€71,899) and Depreciation (+€19,495)
- Other debts +€15,000
up €15,000 (+30.0%), from €50,000 to €65,000
- Profit (loss) carried forward +€6,899
up €6,899 (+4.3%), from €161,586 to €168,485
- Trade debts -€3,306
down €3,306 (-49.7%), from €6,646 to €3,341
- Depreciation -€9,931
down €9,931 (-33.8%), from €29,426 to €19,495
- Gross operating margin +€4,264
up €4,264 (+4.9%), from €87,675 to €91,939
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 | €254,001 | €273,020 | +€19,019 | +7.5% |
| Fixed assets | 21/28 | €51,317 | €33,940 | -€17,377 | -33.9% |
| Intangible fixed assets | 21 | €51,317 | €33,940 | -€17,377 | -33.9% |
| Current assets | 29/58 | €202,684 | €239,081 | +€36,397 | +18.0% |
| Amounts receivable within one year | 40/41 | €195,356 | €222,428 | +€27,071 | +13.9% |
| Trade receivables | 40 | €145,277 | €162,166 | +€16,889 | +11.6% |
| Other amounts receivable | 41 | €50,080 | €60,262 | +€10,182 | +20.3% |
| Cash at bank and in hand | 54/58 | €7,078 | €16,320 | +€9,242 | +131% |
| Deferred charges and accrued income | 490/1 | €250 | €333 | +€83 | +33.3% |
| Total equity and liabilities | 10/49 | €254,001 | €273,020 | +€19,019 | +7.5% |
| Equity | 10/15 | €194,586 | €201,485 | +€6,899 | +3.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Other | 1319 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,586 | €168,485 | +€6,899 | +4.3% |
| Amounts payable | 17/49 | €59,416 | €71,536 | +€12,120 | +20.4% |
| Amounts payable within one year | 42/48 | €57,416 | €69,536 | +€12,120 | +21.1% |
| Trade debts | 44 | €6,646 | €3,341 | -€3,306 | -49.7% |
| Suppliers | 440/4 | €6,646 | €3,341 | -€3,306 | -49.7% |
| Taxes, remuneration and social security | 45 | €769 | €1,195 | +€426 | +55.3% |
| Taxes | 450/3 | €769 | €1,195 | +€426 | +55.3% |
| Other amounts payable | 47/48 | €50,000 | €65,000 | +€15,000 | +30.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,426 | €19,495 | -€9,931 | -33.8% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €87,675 | €91,939 | +€4,264 | +4.9% |
| Operating profit (loss) | 9901 | €57,721 | €71,901 | +€14,180 | +24.6% |
| Financial income | 75/76B | €265 | €52 | -€213 | -80.3% |
| Recurring financial income | 75 | €265 | €52 | -€213 | -80.3% |
| Financial charges | 65/66B | €50 | €54 | +€4 | +8.4% |
| Recurring financial charges | 65 | €50 | €54 | +€4 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €57,936 | €71,899 | +€13,963 | +24.1% |
| Profit (loss) for the period | 9904 | €57,936 | €71,899 | +€13,963 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,936 | €71,899 | +€13,963 | +24.1% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.