Patagonie: 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.
Patagonie
Largest movements
- Cash +€128,242
up €128,242 (+512%), from €25,044 to €153,286
mainly Net result for the year (+€128,807) and Other debts (+€34,175)
- Financial fixed assets +€10,000
new in 2025: €10,000
- Reserves +€72,727
up €72,727 (+291%), from €25,000 to €97,727
- Other debts +€34,175
up €34,175 (+575%), from €5,947 to €40,122
- Tax, wage and social debts +€34,038
up €34,038 (+448%), from €7,604 to €41,642
- Debts after one year -€12,647
down €12,647 (-13.8%), from €91,654 to €79,006
of which Financial debts: -€12,647
- Profit (loss) carried forward +€11,080
up €11,080 (+13.7%), from €80,624 to €91,703
- Gross operating margin +€146,728
up €146,728 (+304%), from €48,305 to €195,033
- Taxes +€40,231
up €40,231 (+505%), from €7,967 to €48,198
- Depreciation -€5,276
down €5,276 (-27.6%), from €19,149 to €13,873
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 | €241,713 | €381,355 | +€139,642 | +57.8% |
| Fixed assets | 21/28 | €213,020 | €225,103 | +€12,083 | +5.7% |
| Tangible fixed assets | 22/27 | €213,020 | €215,103 | +€2,083 | +1.0% |
| Land and buildings | 22 | €209,317 | €200,100 | -€9,218 | -4.4% |
| Furniture and vehicles | 24 | €3,703 | €13,532 | +€9,830 | +265% |
| Other tangible fixed assets | 26 | - | €1,471 | +€1,471 | |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €28,693 | €156,252 | +€127,559 | +445% |
| Amounts receivable within one year | 40/41 | €1,612 | €646 | -€966 | -59.9% |
| Trade receivables | 40 | €1,403 | €243 | -€1,160 | -82.7% |
| Other amounts receivable | 41 | €209 | €402 | +€194 | +92.7% |
| Cash at bank and in hand | 54/58 | €25,044 | €153,286 | +€128,242 | +512% |
| Deferred charges and accrued income | 490/1 | €2,037 | €2,320 | +€283 | +13.9% |
| Total equity and liabilities | 10/49 | €241,713 | €381,355 | +€139,642 | +57.8% |
| Equity | 10/15 | €119,928 | €203,735 | +€83,807 | +69.9% |
| Contributions | 10/11 | €14,304 | €14,304 | = | 0.0% |
| Reserves | 13 | €25,000 | €97,727 | +€72,727 | +291% |
| Distributable reserves | 133 | €25,000 | €97,727 | +€72,727 | +291% |
| Profit (loss) carried forward | 14 | €80,624 | €91,703 | +€11,080 | +13.7% |
| Amounts payable | 17/49 | €121,786 | €177,620 | +€55,835 | +45.8% |
| Amounts payable after more than one year | 17 | €91,654 | €79,006 | -€12,647 | -13.8% |
| Financial debts | 170/4 | €89,928 | €77,281 | -€12,647 | -14.1% |
| Other amounts payable | 178/9 | €1,726 | €1,726 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,998 | €97,498 | +€68,500 | +236% |
| Current portion of amounts payable after more than one year | 42 | €13,142 | €12,647 | -€494 | -3.8% |
| Trade debts | 44 | €2,305 | €3,087 | +€781 | +33.9% |
| Suppliers | 440/4 | €2,305 | €3,087 | +€781 | +33.9% |
| Taxes, remuneration and social security | 45 | €7,604 | €41,642 | +€34,038 | +448% |
| Taxes | 450/3 | €7,604 | €41,642 | +€34,038 | +448% |
| Other amounts payable | 47/48 | €5,947 | €40,122 | +€34,175 | +575% |
| Accrued charges and deferred income | 492/3 | €1,134 | €1,117 | -€18 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,149 | €13,873 | -€5,276 | -27.6% |
| Other operating charges | 640/8 | €3,325 | €2,513 | -€813 | -24.4% |
| Gross operating margin | 9900 | €48,305 | €195,033 | +€146,728 | +304% |
| Operating profit (loss) | 9901 | €25,831 | €178,647 | +€152,817 | +592% |
| Financial income | 75/76B | €120 | €145 | +€25 | +20.5% |
| Recurring financial income | 75 | €120 | €145 | +€25 | +20.5% |
| Financial charges | 65/66B | €1,868 | €1,787 | -€80 | -4.3% |
| Recurring financial charges | 65 | €1,868 | €1,787 | -€80 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €24,083 | €177,005 | +€152,922 | +635% |
| Income taxes | 67/77 | €7,967 | €48,198 | +€40,231 | +505% |
| Profit (loss) for the period | 9904 | €16,116 | €128,807 | +€112,691 | +699% |
| Profit (loss) for the period to be appropriated | 9905 | €16,116 | €128,807 | +€112,691 | +699% |
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 18 October 2026 via checked.be.