PATAZU: 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.
PATAZU
Largest movements
- Tangible fixed assets +€78,615
up €78,615 (+7.3%), from €1.1m to €1.2m
of which Assets under construction and advance payments: +€78,615
- Cash -€52,930
down €52,930 (-91.9%), from €57,609 to €4,679
mainly Investment in fixed assets (net) (-€78,615) and Short-term financial debts (-€37,261)
- Other debts +€47,871
up €47,871 (+8.0%), from €595,511 to €643,382
- Short-term financial debts -€37,261
down €37,261 (-5.9%), from €635,422 to €598,161
- Profit (loss) carried forward +€15,072
up €15,072 (+14.1%), from -€107,095 to -€92,022
- Depreciation -€23,361
down €23,361 (-100.0%), from €23,361 to €0
- Financial charges -€12,159
down €12,159 (-25.8%), from €47,174 to €35,015
- Gross operating margin -€2,633
down €2,633 (-4.9%), from €53,933 to €51,300
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 | €1,130,722 | €1,155,619 | +€24,898 | +2.2% |
| Fixed assets | 21/28 | €1,072,326 | €1,150,940 | +€78,615 | +7.3% |
| Tangible fixed assets | 22/27 | €1,072,326 | €1,150,940 | +€78,615 | +7.3% |
| Land and buildings | 22 | €1,060,000 | €1,060,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | €12,326 | €90,940 | +€78,615 | +637.8% |
| Current assets | 29/58 | €58,396 | €4,679 | -€53,717 | -92.0% |
| Amounts receivable within one year | 40/41 | €787 | €0 | -€787 | -100.0% |
| Other amounts receivable | 41 | €787 | €0 | -€787 | -100.0% |
| Cash at bank and in hand | 54/58 | €57,609 | €4,679 | -€52,930 | -91.9% |
| Total equity and liabilities | 10/49 | €1,130,722 | €1,155,619 | +€24,898 | +2.2% |
| Equity | 10/15 | -€102,095 | -€87,022 | +€15,072 | +14.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,095 | -€92,022 | +€15,072 | +14.1% |
| Amounts payable | 17/49 | €1,232,816 | €1,242,642 | +€9,825 | +0.8% |
| Amounts payable within one year | 42/48 | €1,231,308 | €1,242,642 | +€11,334 | +0.9% |
| Financial debts | 43 | €635,422 | €598,161 | -€37,261 | -5.9% |
| Credit institutions | 430/8 | €635,422 | €598,161 | -€37,261 | -5.9% |
| Trade debts | 44 | €375 | €380 | +€6 | +1.5% |
| Suppliers | 440/4 | €375 | €380 | +€6 | +1.5% |
| Taxes, remuneration and social security | 45 | €0 | €718 | +€718 | |
| Taxes | 450/3 | €0 | €718 | +€718 | |
| Other amounts payable | 47/48 | €595,511 | €643,382 | +€47,871 | +8.0% |
| Accrued charges and deferred income | 492/3 | €1,509 | €0 | -€1,509 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,361 | €0 | -€23,361 | -100.0% |
| Other operating charges | 640/8 | €1,177 | €1,212 | +€35 | +3.0% |
| Gross operating margin | 9900 | €53,933 | €51,300 | -€2,633 | -4.9% |
| Operating profit (loss) | 9901 | €29,395 | €50,088 | +€20,693 | +70.4% |
| Financial charges | 65/66B | €47,174 | €35,015 | -€12,159 | -25.8% |
| Recurring financial charges | 65 | €47,174 | €35,015 | -€12,159 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,779 | €15,072 | +€32,852 | |
| Profit (loss) for the period | 9904 | -€17,779 | €15,072 | +€32,852 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,779 | €15,072 | +€32,852 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.