PATAOR: 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.
What changed
PATAOR
NACE 46.240, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€18,377
2024 · €60,350-€41,972
Equity
€1.3m
2024 · €1.3m+€18,377
Cash
€3,608
2024 · €7,650-€4,042
Balance sheet total
€5.1m
2024 · €5.2m-€154,233
Largest movements
Assets
- Tangible fixed assets -€133,068
down €133,068 (-5.9%), from €2.3m to €2.1m
of which Land and buildings: -€131,870
Equity and liabilities
- Debts after one year -€182,072
down €182,072 (-24.2%), from €752,797 to €570,725
- Other debts +€117,464
up €117,464 (+5.3%), from €2.2m to €2.4m
- Trade debts -€70,641
down €70,641 (-73.6%), from €96,028 to €25,387
Income statement
- Gross operating margin -€58,837
down €58,837 (-18.6%), from €316,611 to €257,774
- Financial charges -€22,221
down €22,221 (-29.1%), from €76,342 to €54,121
- Staff costs +€18,202
up €18,202 (+33.4%), from €54,421 to €72,622
- Depreciation -€11,677
down €11,677 (-7.7%), from €151,480 to €139,803
- Other operating charges -€3,269
down €3,269 (-15.0%), from €21,753 to €18,484
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.
Result 2024
€60,350
Gross operating margin
-€58,837
Staff costs
-€18,202
Depreciation
+€11,677
Other operating charges
+€3,269
Financial income
-€1,013
Financial charges
+€22,221
Taxes
-€1,088
Result 2025
€18,377
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.
From operations
+€205,849
Investment
-€3,235
Financing
-€206,656
Cash 2024
€7,650
From operations (derived)
+€205,849
Net result for the year
+€18,377
Depreciation
+€139,803
Stocks and contracts
+€33,707
Receivables within one year
-€20,038
Deferred charges and accrued income
-€46
Provisions
-€8,777
Trade debts
-€70,641
Tax, wage and social debts
-€4,000
Other debts
+€117,464
Investment (derived)
-€3,235
Investment in fixed assets (net)
-€3,235
Financing
-€206,656
Debts after one year
-€182,072
Current portion of long-term debt
-€18,103
Short-term financial debts
-€6,481
Cash 2025
€3,608
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,209,862 | €5,055,629 | -€154,233 | -3.0% |
| Fixed assets | 21/28 | €4,344,000 | €4,207,432 | -€136,568 | -3.1% |
| Intangible fixed assets | 21 | €14,000 | €10,500 | -€3,500 | -25.0% |
| Tangible fixed assets | 22/27 | €2,251,445 | €2,118,377 | -€133,068 | -5.9% |
| Land and buildings | 22 | €2,246,730 | €2,114,860 | -€131,870 | -5.9% |
| Furniture and vehicles | 24 | €4,714 | €3,516 | -€1,198 | -25.4% |
| Financial fixed assets | 28 | €2,078,555 | €2,078,555 | = | 0.0% |
| Current assets | 29/58 | €865,862 | €848,197 | -€17,665 | -2.0% |
| Stocks and contracts in progress | 3 | €245,686 | €211,979 | -€33,707 | -13.7% |
| Stocks | 30/36 | €245,686 | €211,979 | -€33,707 | -13.7% |
| Amounts receivable within one year | 40/41 | €610,961 | €630,999 | +€20,038 | +3.3% |
| Trade receivables | 40 | €277,961 | €203,810 | -€74,151 | -26.7% |
| Other amounts receivable | 41 | €333,000 | €427,189 | +€94,189 | +28.3% |
| Cash at bank and in hand | 54/58 | €7,650 | €3,608 | -€4,042 | -52.8% |
| Deferred charges and accrued income | 490/1 | €1,564 | €1,611 | +€46 | +3.0% |
| Total equity and liabilities | 10/49 | €5,209,862 | €5,055,629 | -€154,233 | -3.0% |
| Equity | 10/15 | €1,314,847 | €1,333,225 | +€18,377 | +1.4% |
| Contributions | 10/11 | €459,619 | €459,619 | = | 0.0% |
| Reserves | 13 | €129,461 | €147,838 | +€18,377 | +14.2% |
| Tax-exempt reserves | 132 | €67,357 | €50,311 | -€17,046 | -25.3% |
| Distributable reserves | 133 | €62,104 | €97,527 | +€35,423 | +57.0% |
| Profit (loss) carried forward | 14 | €725,767 | €725,767 | = | 0.0% |
| Provisions and deferred taxes | 16 | €78,151 | €69,373 | -€8,777 | -11.2% |
| Deferred taxes | 168 | €78,151 | €69,373 | -€8,777 | -11.2% |
| Amounts payable | 17/49 | €3,816,864 | €3,653,031 | -€163,833 | -4.3% |
| Amounts payable after more than one year | 17 | €752,797 | €570,725 | -€182,072 | -24.2% |
| Financial debts | 170/4 | €752,797 | €570,725 | -€182,072 | -24.2% |
| Amounts payable within one year | 42/48 | €3,064,066 | €3,082,306 | +€18,240 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €200,176 | €182,072 | -€18,103 | -9.0% |
| Financial debts | 43 | €506,481 | €500,000 | -€6,481 | -1.3% |
| Credit institutions | 430/8 | €506,481 | €500,000 | -€6,481 | -1.3% |
| Trade debts | 44 | €96,028 | €25,387 | -€70,641 | -73.6% |
| Suppliers | 440/4 | €96,028 | €25,387 | -€70,641 | -73.6% |
| Taxes, remuneration and social security | 45 | €24,453 | €20,454 | -€4,000 | -16.4% |
| Taxes | 450/3 | €18,777 | €14,450 | -€4,327 | -23.0% |
| Remuneration and social security | 454/9 | €5,676 | €6,004 | +€328 | +5.8% |
| Other amounts payable | 47/48 | €2,236,928 | €2,354,392 | +€117,464 | +5.3% |
| Remuneration, social security and pensions | 62 | €54,421 | €72,622 | +€18,202 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,480 | €139,803 | -€11,677 | -7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €21,753 | €18,484 | -€3,269 | -15.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €316,611 | €257,774 | -€58,837 | -18.6% |
| Operating profit (loss) | 9901 | €88,957 | €26,864 | -€62,093 | -69.8% |
| Financial income | 75/76B | €42,122 | €41,109 | -€1,013 | -2.4% |
| Recurring financial income | 75 | €42,122 | €41,109 | -€1,013 | -2.4% |
| Financial charges | 65/66B | €76,342 | €54,121 | -€22,221 | -29.1% |
| Recurring financial charges | 65 | €76,342 | €54,121 | -€22,221 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €54,736 | €13,852 | -€40,884 | -74.7% |
| Transfer from deferred taxes | 780 | €8,777 | €8,777 | = | 0.0% |
| Income taxes | 67/77 | €3,163 | €4,252 | +€1,088 | +34.4% |
| Profit (loss) for the period | 9904 | €60,350 | €18,377 | -€41,972 | -69.5% |
| Transfer from tax-exempt reserves | 789 | €17,046 | €17,046 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €77,395 | €35,423 | -€41,972 | -54.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.