PATCO: 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.
PATCO
Largest movements
- Tangible fixed assets -€55,742
down €55,742 (-1.8%), from €3.1m to €3.1m
of which Land and buildings: -€43,492
- Receivables within one year -€32,560
down €32,560 (-47.1%), from €69,125 to €36,565
of which Other amounts receivable: -€43,849
- Debts after one year -€175,575
down €175,575 (-13.1%), from €1.3m to €1.2m
- Other debts +€140,974
up €140,974 (+13.2%), from €1.1m to €1.2m
- Profit (loss) carried forward -€61,539
down €61,539 (-35.2%), from -€174,619 to -€236,157
- Other operating charges -€104,331
down €104,331 (-70.9%), from €147,090 to €42,758
- Gross operating margin +€38,951
up €38,951 (+28.9%), from €134,934 to €173,885
- Financial charges +€5,878
up €5,878 (+21.9%), from €26,809 to €32,687
- Depreciation -€2,392
down €2,392 (-1.5%), from €162,405 to €160,013
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.
Derived cash bridge
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 | €3,253,921 | €3,163,840 | -€90,081 | -2.8% |
| Fixed assets | 21/28 | €3,110,154 | €3,053,912 | -€56,242 | -1.8% |
| Tangible fixed assets | 22/27 | €3,109,592 | €3,053,850 | -€55,742 | -1.8% |
| Land and buildings | 22 | €3,061,500 | €3,018,008 | -€43,492 | -1.4% |
| Plant, machinery and equipment | 23 | €38,351 | €31,081 | -€7,270 | -19.0% |
| Furniture and vehicles | 24 | €9,742 | €4,762 | -€4,980 | -51.1% |
| Financial fixed assets | 28 | €562 | €62 | -€500 | -89.0% |
| Current assets | 29/58 | €143,767 | €109,928 | -€33,839 | -23.5% |
| Amounts receivable within one year | 40/41 | €69,125 | €36,565 | -€32,560 | -47.1% |
| Trade receivables | 40 | €24,451 | €35,740 | +€11,289 | +46.2% |
| Other amounts receivable | 41 | €44,674 | €825 | -€43,849 | -98.2% |
| Cash at bank and in hand | 54/58 | €71,996 | €59,095 | -€12,900 | -17.9% |
| Deferred charges and accrued income | 490/1 | €2,647 | €14,268 | +€11,621 | +439% |
| Total equity and liabilities | 10/49 | €3,253,921 | €3,163,840 | -€90,081 | -2.8% |
| Equity | 10/15 | €670,731 | €609,193 | -€61,539 | -9.2% |
| Contributions | 10/11 | €768,500 | €768,500 | = | 0.0% |
| Capital | 10 | €768,500 | €768,500 | = | 0.0% |
| Issued capital | 100 | €768,500 | €768,500 | = | 0.0% |
| Reserves | 13 | €76,850 | €76,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €76,850 | €76,850 | = | 0.0% |
| Legal reserve | 130 | €76,850 | €76,850 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€174,619 | -€236,157 | -€61,539 | -35.2% |
| Amounts payable | 17/49 | €2,583,190 | €2,554,647 | -€28,543 | -1.1% |
| Amounts payable after more than one year | 17 | €1,336,652 | €1,161,077 | -€175,575 | -13.1% |
| Financial debts | 170/4 | €1,336,652 | €1,161,077 | -€175,575 | -13.1% |
| Amounts payable within one year | 42/48 | €1,246,538 | €1,393,570 | +€147,032 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €175,575 | €175,575 | = | 0.0% |
| Trade debts | 44 | €671 | €4,541 | +€3,871 | +577% |
| Suppliers | 440/4 | €671 | €4,541 | +€3,871 | +577% |
| Taxes, remuneration and social security | 45 | €0 | €2,187 | +€2,187 | |
| Taxes | 450/3 | €0 | €2,187 | +€2,187 | |
| Other amounts payable | 47/48 | €1,070,293 | €1,211,267 | +€140,974 | +13.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,429 | €0 | -€1,429 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,405 | €160,013 | -€2,392 | -1.5% |
| Other operating charges | 640/8 | €147,090 | €42,758 | -€104,331 | -70.9% |
| Gross operating margin | 9900 | €134,934 | €173,885 | +€38,951 | +28.9% |
| Operating profit (loss) | 9901 | -€174,561 | -€28,886 | +€145,674 | +83.5% |
| Financial income | 75/76B | €111 | €35 | -€76 | -68.4% |
| Recurring financial income | 75 | €111 | €35 | -€76 | -68.4% |
| Financial charges | 65/66B | €26,809 | €32,687 | +€5,878 | +21.9% |
| Recurring financial charges | 65 | €26,809 | €32,687 | +€5,878 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | -€201,259 | -€61,539 | +€139,720 | +69.4% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100% |
| Profit (loss) for the period | 9904 | -€201,259 | -€61,539 | +€139,720 | +69.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€201,259 | -€61,539 | +€139,720 | +69.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.