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
- Cash -€88,801
down €88,801 (-73.6%), from €120,574 to €31,772
mainly Other debts (-€108,746) and Net result for the year (-€64,253)
- Tangible fixed assets -€14,726
down €14,726 (-4.4%), from €332,167 to €317,442
of which Land and buildings: -€14,139
- Other debts -€108,746
down €108,746 (-97.0%), from €112,155 to €3,409
- Debts after one year +€70,000
new in 2025: €70,000
- Reserves -€64,253
down €64,253 (-19.9%), from €322,663 to €258,410
of which Distributable reserves: -€63,181
- Financial income -€3,429
down €3,429 (-97.9%), from €3,501 to €72
- Gross operating margin -€3,145
down €3,145 (-18.2%), from -€17,290 to -€20,435
- Depreciation +€1,532
up €1,532 (+4.1%), from €37,008 to €38,540
- Financial charges -€1,214
down €1,214 (-91.3%), from €1,329 to €116
- Other operating charges -€988
down €988 (-15.4%), from €6,406 to €5,418
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 | €465,856 | €359,496 | -€106,360 | -22.8% |
| Fixed assets | 21/28 | €332,167 | €317,442 | -€14,726 | -4.4% |
| Tangible fixed assets | 22/27 | €332,167 | €317,442 | -€14,726 | -4.4% |
| Land and buildings | 22 | €330,641 | €316,502 | -€14,139 | -4.3% |
| Plant, machinery and equipment | 23 | €488 | €216 | -€272 | -55.7% |
| Furniture and vehicles | 24 | €1,038 | €724 | -€315 | -30.3% |
| Current assets | 29/58 | €133,688 | €42,054 | -€91,634 | -68.5% |
| Amounts receivable within one year | 40/41 | €1,298 | €1,910 | +€611 | +47.1% |
| Trade receivables | 40 | - | €611 | +€611 | |
| Other amounts receivable | 41 | €1,298 | €1,298 | = | 0.0% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €120,574 | €31,772 | -€88,801 | -73.6% |
| Deferred charges and accrued income | 490/1 | €6,816 | €3,372 | -€3,444 | -50.5% |
| Total equity and liabilities | 10/49 | €465,856 | €359,496 | -€106,360 | -22.8% |
| Equity | 10/15 | €341,263 | €277,010 | -€64,253 | -18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €322,663 | €258,410 | -€64,253 | -19.9% |
| Tax-exempt reserves | 132 | €15,423 | €14,351 | -€1,071 | -6.9% |
| Distributable reserves | 133 | €307,240 | €244,059 | -€63,181 | -20.6% |
| Provisions and deferred taxes | 16 | €5,141 | €4,784 | -€357 | -6.9% |
| Deferred taxes | 168 | €5,141 | €4,784 | -€357 | -6.9% |
| Amounts payable | 17/49 | €119,453 | €77,702 | -€41,750 | -35.0% |
| Amounts payable after more than one year | 17 | - | €70,000 | +€70,000 | |
| Other amounts payable | 178/9 | - | €70,000 | +€70,000 | |
| Amounts payable within one year | 42/48 | €119,453 | €7,702 | -€111,750 | -93.6% |
| Trade debts | 44 | €7,298 | €4,142 | -€3,156 | -43.2% |
| Suppliers | 440/4 | €7,298 | €4,142 | -€3,156 | -43.2% |
| Taxes, remuneration and social security | 45 | - | €152 | +€152 | |
| Taxes | 450/3 | - | €152 | +€152 | |
| Other amounts payable | 47/48 | €112,155 | €3,409 | -€108,746 | -97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,008 | €38,540 | +€1,532 | +4.1% |
| Other operating charges | 640/8 | €6,406 | €5,418 | -€988 | -15.4% |
| Gross operating margin | 9900 | -€17,290 | -€20,435 | -€3,145 | -18.2% |
| Operating profit (loss) | 9901 | -€60,704 | -€64,393 | -€3,688 | -6.1% |
| Financial income | 75/76B | €3,501 | €72 | -€3,429 | -97.9% |
| Recurring financial income | 75 | €3,501 | €72 | -€3,429 | -97.9% |
| Financial charges | 65/66B | €1,329 | €116 | -€1,214 | -91.3% |
| Recurring financial charges | 65 | €1,329 | €116 | -€1,214 | -91.3% |
| Profit (loss) for the period before taxes | 9903 | -€58,533 | -€64,436 | -€5,903 | -10.1% |
| Transfer from deferred taxes | 780 | €357 | €357 | = | 0.0% |
| Income taxes | 67/77 | €176 | €174 | -€2 | -1.1% |
| Profit (loss) for the period | 9904 | -€58,351 | -€64,253 | -€5,902 | -10.1% |
| Transfer from tax-exempt reserves | 789 | €1,071 | €1,071 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,280 | -€63,181 | -€5,902 | -10.3% |
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 16 October 2026 via checked.be.