PATCHWORK - LE PATCH: 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 - LE PATCH
Largest movements
- Tangible fixed assets -€12,512
down €12,512 (-10.1%), from €123,848 to €111,336
of which Other tangible fixed assets: -€9,119
- Cash -€5,955
down €5,955 (-37.3%), from €15,953 to €9,998
mainly Other debts (-€12,932) and Net result for the year (-€12,223)
- Receivables within one year -€3,504
down €3,504 (-44.9%), from €7,811 to €4,307
of which Other amounts receivable: -€2,548
- Debts after one year +€18,473
up €18,473 (+2269.4%), from €814 to €19,287
of which Other amounts payable: +€19,287
- Other debts -€12,932
down €12,932 (-97.0%), from €13,335 to €403
- Profit (loss) carried forward -€12,223
down €12,223 (-25.9%), from €47,259 to €35,036
- Trade debts -€10,346
down €10,346 (-27.9%), from €37,061 to €26,715
- Current portion of long-term debt -€3,036
down €3,036 (-72.7%), from €4,175 to €1,139
- Gross operating margin -€29,855
down €29,855 (-20.2%), from €147,580 to €117,725
- Staff costs -€22,297
down €22,297 (-18.1%), from €123,095 to €100,798
- Depreciation +€5,046
up €5,046 (+30.7%), from €16,441 to €21,487
- Financial charges +€3,042
up €3,042 (+234.0%), from €1,300 to €4,342
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 | €158,539 | €138,616 | -€19,923 | -12.6% |
| Fixed assets | 21/28 | €123,926 | €111,414 | -€12,512 | -10.1% |
| Tangible fixed assets | 22/27 | €123,848 | €111,336 | -€12,512 | -10.1% |
| Plant, machinery and equipment | 23 | €34,594 | €28,306 | -€6,288 | -18.2% |
| Furniture and vehicles | 24 | €2,627 | €5,522 | +€2,895 | +110.2% |
| Other tangible fixed assets | 26 | €86,627 | €77,508 | -€9,119 | -10.5% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €34,613 | €27,202 | -€7,411 | -21.4% |
| Stocks and contracts in progress | 3 | €10,402 | €11,119 | +€717 | +6.9% |
| Stocks | 30/36 | €10,402 | €11,119 | +€717 | +6.9% |
| Amounts receivable within one year | 40/41 | €7,811 | €4,307 | -€3,504 | -44.9% |
| Trade receivables | 40 | €5,263 | €4,307 | -€956 | -18.2% |
| Other amounts receivable | 41 | €2,548 | - | -€2,548 | |
| Cash at bank and in hand | 54/58 | €15,953 | €9,998 | -€5,955 | -37.3% |
| Deferred charges and accrued income | 490/1 | €447 | €1,778 | +€1,331 | +297.8% |
| Total equity and liabilities | 10/49 | €158,539 | €138,616 | -€19,923 | -12.6% |
| Equity | 10/15 | €82,748 | €70,525 | -€12,223 | -14.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €29,292 | €29,292 | = | 0.0% |
| Distributable reserves | 133 | €29,292 | €29,292 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,259 | €35,036 | -€12,223 | -25.9% |
| Amounts payable | 17/49 | €75,791 | €68,091 | -€7,700 | -10.2% |
| Amounts payable after more than one year | 17 | €814 | €19,287 | +€18,473 | +2269.4% |
| Financial debts | 170/4 | €814 | - | -€814 | |
| Other amounts payable | 178/9 | - | €19,287 | +€19,287 | |
| Amounts payable within one year | 42/48 | €74,977 | €47,438 | -€27,539 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €4,175 | €1,139 | -€3,036 | -72.7% |
| Trade debts | 44 | €37,061 | €26,715 | -€10,346 | -27.9% |
| Suppliers | 440/4 | €37,061 | €26,715 | -€10,346 | -27.9% |
| Taxes, remuneration and social security | 45 | €20,406 | €19,181 | -€1,225 | -6.0% |
| Taxes | 450/3 | €7,559 | €4,186 | -€3,373 | -44.6% |
| Remuneration and social security | 454/9 | €12,847 | €14,995 | +€2,148 | +16.7% |
| Other amounts payable | 47/48 | €13,335 | €403 | -€12,932 | -97.0% |
| Accrued charges and deferred income | 492/3 | - | €1,366 | +€1,366 | |
| Remuneration, social security and pensions | 62 | €123,095 | €100,798 | -€22,297 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,441 | €21,487 | +€5,046 | +30.7% |
| Other operating charges | 640/8 | €1,830 | €2,864 | +€1,034 | +56.5% |
| Gross operating margin | 9900 | €147,580 | €117,725 | -€29,855 | -20.2% |
| Operating profit (loss) | 9901 | €6,214 | -€7,424 | -€13,638 | |
| Financial income | 75/76B | €438 | €99 | -€339 | -77.4% |
| Recurring financial income | 75 | €438 | €99 | -€339 | -77.4% |
| Financial charges | 65/66B | €1,300 | €4,342 | +€3,042 | +234.0% |
| Recurring financial charges | 65 | €1,300 | €4,342 | +€3,042 | +234.0% |
| Profit (loss) for the period before taxes | 9903 | €5,352 | -€11,667 | -€17,019 | |
| Income taxes | 67/77 | €1,442 | €556 | -€886 | -61.4% |
| Profit (loss) for the period | 9904 | €3,910 | -€12,223 | -€16,133 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,910 | -€12,223 | -€16,133 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.