PATCHACAP: 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.
PATCHACAP
Largest movements
- Current investments +€180,000
up €180,000 (+62.1%), from €290,000 to €470,000
- Deferred charges and accrued income +€53,193
up €53,193 (+31.9%), from €166,547 to €219,740
- Intangible fixed assets -€43,660
down €43,660 (-12.5%), from €349,280 to €305,620
- Receivables within one year +€13,672
new in 2025: €13,672
of which Other amounts receivable: +€13,579
- Profit (loss) carried forward +€425,495
up €425,495 (+60.4%), from €704,325 to €1.1m
- Other debts -€158,457
no longer reported in 2025 (was €158,457)
- Tax, wage and social debts -€53,895
down €53,895 (-62.6%), from €86,134 to €32,239
of which Taxes: -€52,232
- Gross operating margin +€107,508
up €107,508 (+20.6%), from €520,945 to €628,452
- Taxes +€27,797
up €27,797 (+25.2%), from €110,515 to €138,311
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 | €949,916 | €1,163,058 | +€213,143 | +22.4% |
| Fixed assets | 21/28 | €353,816 | €310,149 | -€43,667 | -12.3% |
| Intangible fixed assets | 21 | €349,280 | €305,620 | -€43,660 | -12.5% |
| Tangible fixed assets | 22/27 | €4,536 | €4,529 | -€7 | -0.1% |
| Furniture and vehicles | 24 | €4,536 | €4,529 | -€7 | -0.1% |
| Current assets | 29/58 | €596,100 | €852,909 | +€256,809 | +43.1% |
| Amounts receivable within one year | 40/41 | - | €13,672 | +€13,672 | |
| Trade receivables | 40 | - | €93 | +€93 | |
| Other amounts receivable | 41 | - | €13,579 | +€13,579 | |
| Current investments | 50/53 | €290,000 | €470,000 | +€180,000 | +62.1% |
| Cash at bank and in hand | 54/58 | €139,552 | €149,497 | +€9,945 | +7.1% |
| Deferred charges and accrued income | 490/1 | €166,547 | €219,740 | +€53,193 | +31.9% |
| Total equity and liabilities | 10/49 | €949,916 | €1,163,058 | +€213,143 | +22.4% |
| Equity | 10/15 | €705,325 | €1,130,819 | +€425,495 | +60.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €704,325 | €1,129,819 | +€425,495 | +60.4% |
| Amounts payable | 17/49 | €244,591 | €32,239 | -€212,352 | -86.8% |
| Amounts payable within one year | 42/48 | €244,591 | €32,239 | -€212,352 | -86.8% |
| Taxes, remuneration and social security | 45 | €86,134 | €32,239 | -€53,895 | -62.6% |
| Taxes | 450/3 | €82,058 | €29,826 | -€52,232 | -63.7% |
| Remuneration and social security | 454/9 | €4,076 | €2,413 | -€1,663 | -40.8% |
| Other amounts payable | 47/48 | €158,457 | - | -€158,457 | |
| Remuneration, social security and pensions | 62 | €19,397 | €18,576 | -€821 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,109 | €45,476 | -€633 | -1.4% |
| Other operating charges | 640/8 | €1,500 | €400 | -€1,100 | -73.3% |
| Gross operating margin | 9900 | €520,945 | €628,452 | +€107,508 | +20.6% |
| Operating profit (loss) | 9901 | €453,939 | €564,001 | +€110,062 | +24.2% |
| Financial charges | 65/66B | €33 | €195 | +€162 | +482.7% |
| Recurring financial charges | 65 | €33 | €195 | +€162 | +482.7% |
| Profit (loss) for the period before taxes | 9903 | €453,906 | €563,806 | +€109,900 | +24.2% |
| Income taxes | 67/77 | €110,515 | €138,311 | +€27,797 | +25.2% |
| Profit (loss) for the period | 9904 | €343,391 | €425,495 | +€82,104 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €343,391 | €425,495 | +€82,104 | +23.9% |
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 29 September 2026 via checked.be.