PAT2SHARE: what changed
Two fiscal 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.
PAT2SHARE
Largest movements
- Cash +€891,435
up €891,435 (+2189.8%), from €40,709 to €932,144
mainly Current investments (+€875,000) and Deferred charges and accrued income (+€14,535)
- Current investments -€875,000
no longer reported in 2025 (was €875,000)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,797
up €1,797 (+54.0%), from -€3,329 to -€1,532
- Financial income -€1,247
down €1,247 (-8.6%), from €14,535 to €13,288
- Taxes +€762
new in 2025: €762
- Other operating charges +€45
up €45 (+3.8%), from €1,168 to €1,212
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.
Cash bridge derived
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 | €6,622,930 | €6,630,579 | +€7,649 | +0.1% |
| Formation expenses | 20 | €2,686 | €850 | -€1,837 | -68.4% |
| Fixed assets | 21/28 | €5,690,000 | €5,690,000 | = | 0.0% |
| Financial fixed assets | 28 | €5,690,000 | €5,690,000 | = | 0.0% |
| Current assets | 29/58 | €930,244 | €939,730 | +€9,485 | +1.0% |
| Amounts receivable within one year | 40/41 | - | €7,585 | +€7,585 | |
| Other amounts receivable | 41 | - | €7,585 | +€7,585 | |
| Current investments | 50/53 | €875,000 | - | -€875,000 | |
| Cash at bank and in hand | 54/58 | €40,709 | €932,144 | +€891,435 | +2189.8% |
| Deferred charges and accrued income | 490/1 | €14,535 | - | -€14,535 | |
| Total equity and liabilities | 10/49 | €6,622,930 | €6,630,579 | +€7,649 | +0.1% |
| Equity | 10/15 | €6,621,963 | €6,629,581 | +€7,618 | +0.1% |
| Contributions | 10/11 | €4,871,783 | €4,871,783 | = | 0.0% |
| Reserves | 13 | €1,483,146 | €1,490,764 | +€7,618 | +0.5% |
| Distributable reserves | 133 | €1,483,146 | €1,490,764 | +€7,618 | +0.5% |
| Profit (loss) carried forward | 14 | €267,034 | €267,034 | = | 0.0% |
| Amounts payable | 17/49 | €968 | €998 | +€31 | +3.2% |
| Amounts payable within one year | 42/48 | €968 | €998 | +€31 | +3.2% |
| Trade debts | 44 | €968 | €998 | +€31 | +3.2% |
| Suppliers | 440/4 | €968 | €998 | +€31 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,837 | €1,837 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,168 | €1,212 | +€45 | +3.8% |
| Gross operating margin | 9900 | -€3,329 | -€1,532 | +€1,797 | +54.0% |
| Operating profit (loss) | 9901 | -€6,334 | -€4,581 | +€1,752 | +27.7% |
| Financial income | 75/76B | €14,535 | €13,288 | -€1,247 | -8.6% |
| Recurring financial income | 75 | €14,535 | €13,288 | -€1,247 | -8.6% |
| Financial charges | 65/66B | €321 | €328 | +€7 | +2.2% |
| Recurring financial charges | 65 | €321 | €328 | +€7 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €7,881 | €8,380 | +€499 | +6.3% |
| Income taxes | 67/77 | - | €762 | +€762 | |
| Profit (loss) for the period | 9904 | €7,881 | €7,618 | -€263 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,881 | €7,618 | -€263 | -3.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.