PATCHWORK: 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.
PATCHWORK
Largest movements
- Cash +€19,472
up €19,472 (+96.7%), from €20,129 to €39,601
mainly Net result for the year (+€15,714) and Depreciation (+€2,332)
- Tangible fixed assets -€2,826
down €2,826 (-38.8%), from €7,286 to €4,460
of which Plant, machinery and equipment: -€2,113
- Reserves +€15,714
up €15,714 (+785.7%), from €2,000 to €17,714
of which Distributable reserves: +€15,714
- Tax, wage and social debts +€1,169
up €1,169 (+15.5%), from €7,532 to €8,701
of which Taxes: +€4,728
- Gross operating margin +€26,911
up €26,911 (+1256.6%), from €2,142 to €29,053
- Taxes +€7,735
up €7,735 (+792.4%), from €976 to €8,711
- Depreciation -€550
down €550 (-19.1%), from €2,883 to €2,332
- Other operating charges -€424
down €424 (-25.0%), from €1,692 to €1,269
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 | €46,945 | €63,226 | +€16,281 | +34.7% |
| Fixed assets | 21/28 | €8,095 | €4,848 | -€3,247 | -40.1% |
| Intangible fixed assets | 21 | €809 | €388 | -€421 | -52.1% |
| Tangible fixed assets | 22/27 | €7,286 | €4,460 | -€2,826 | -38.8% |
| Plant, machinery and equipment | 23 | €5,073 | €2,960 | -€2,113 | -41.6% |
| Furniture and vehicles | 24 | €713 | €0 | -€713 | -100.0% |
| Other tangible fixed assets | 26 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €38,850 | €58,378 | +€19,528 | +50.3% |
| Amounts receivable within one year | 40/41 | €14,721 | €14,777 | +€56 | +0.4% |
| Trade receivables | 40 | €11,659 | €12,212 | +€553 | +4.7% |
| Other amounts receivable | 41 | €3,062 | €2,565 | -€497 | -16.2% |
| Current investments | 50/53 | €4,000 | €4,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,129 | €39,601 | +€19,472 | +96.7% |
| Total equity and liabilities | 10/49 | €46,945 | €63,226 | +€16,281 | +34.7% |
| Equity | 10/15 | €37,471 | €53,185 | +€15,714 | +41.9% |
| Contributions | 10/11 | €6,667 | €6,667 | = | 0.0% |
| Reserves | 13 | €2,000 | €17,714 | +€15,714 | +785.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | - | €15,714 | +€15,714 | |
| Profit (loss) carried forward | 14 | €28,805 | €28,805 | = | 0.0% |
| Amounts payable | 17/49 | €9,473 | €10,040 | +€567 | +6.0% |
| Amounts payable within one year | 42/48 | €8,898 | €10,040 | +€1,142 | +12.8% |
| Trade debts | 44 | €1,367 | €1,339 | -€27 | -2.0% |
| Suppliers | 440/4 | €1,367 | €1,339 | -€27 | -2.0% |
| Taxes, remuneration and social security | 45 | €7,532 | €8,701 | +€1,169 | +15.5% |
| Taxes | 450/3 | €3,973 | €8,701 | +€4,728 | +119.0% |
| Remuneration and social security | 454/9 | €3,559 | €0 | -€3,559 | -100.0% |
| Accrued charges and deferred income | 492/3 | €575 | €0 | -€575 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,883 | €2,332 | -€550 | -19.1% |
| Other operating charges | 640/8 | €1,692 | €1,269 | -€424 | -25.0% |
| Non-recurring operating charges | 66A | - | €915 | +€915 | |
| Gross operating margin | 9900 | €2,142 | €29,053 | +€26,911 | +1256.6% |
| Operating profit (loss) | 9901 | -€2,433 | €24,537 | +€26,970 | |
| Financial income | 75/76B | €66 | €139 | +€73 | +109.7% |
| Recurring financial income | 75 | €66 | €139 | +€73 | +109.7% |
| Financial charges | 65/66B | €374 | €252 | -€123 | -32.8% |
| Recurring financial charges | 65 | €374 | €252 | -€123 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,741 | €24,425 | +€27,166 | |
| Income taxes | 67/77 | €976 | €8,711 | +€7,735 | +792.4% |
| Profit (loss) for the period | 9904 | -€3,717 | €15,714 | +€19,431 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,717 | €15,714 | +€19,431 |
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 8 October 2026 via checked.be.