PATCO AVPDG: 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 AVPDG
Largest movements
- Cash +€64,358
up €64,358 (+180%), from €35,656 to €100,013
mainly Net result for the year (+€93,817) and Depreciation (+€40,842)
- Tangible fixed assets -€38,820
down €38,820 (-2.5%), from €1.6m to €1.5m
of which Land and buildings: -€38,320
- Profit (loss) carried forward +€93,817
up €93,817, from -€79,098 to €14,720
- Debts after one year -€80,691
down €80,691 (-5.8%), from €1.4m to €1.3m
- Gross operating margin +€24,577
up €24,577 (+16.8%), from €146,660 to €171,237
- Financial charges +€7,499
up €7,499 (+30.6%), from €24,532 to €32,031
- Other operating charges -€3,322
down €3,322 (-42.2%), from €7,869 to €4,547
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 | €1,619,992 | €1,645,530 | +€25,538 | +1.6% |
| Fixed assets | 21/28 | €1,584,337 | €1,545,517 | -€38,820 | -2.5% |
| Tangible fixed assets | 22/27 | €1,584,337 | €1,545,517 | -€38,820 | -2.5% |
| Land and buildings | 22 | €1,583,626 | €1,545,306 | -€38,320 | -2.4% |
| Plant, machinery and equipment | 23 | €711 | €211 | -€500 | -70.3% |
| Current assets | 29/58 | €35,656 | €100,013 | +€64,358 | +180% |
| Cash at bank and in hand | 54/58 | €35,656 | €100,013 | +€64,358 | +180% |
| Total equity and liabilities | 10/49 | €1,619,992 | €1,645,530 | +€25,538 | +1.6% |
| Equity | 10/15 | -€74,098 | €19,720 | +€93,817 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,098 | €14,720 | +€93,817 | |
| Amounts payable | 17/49 | €1,694,090 | €1,625,811 | -€68,279 | -4.0% |
| Amounts payable after more than one year | 17 | €1,385,107 | €1,304,416 | -€80,691 | -5.8% |
| Financial debts | 170/4 | €1,385,107 | €1,304,416 | -€80,691 | -5.8% |
| Amounts payable within one year | 42/48 | €296,083 | €306,494 | +€10,412 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €76,030 | €80,691 | +€4,661 | +6.1% |
| Trade debts | 44 | €3,173 | €0 | -€3,173 | -100% |
| Suppliers | 440/4 | €3,173 | €0 | -€3,173 | -100% |
| Other amounts payable | 47/48 | €216,879 | €225,803 | +€8,924 | +4.1% |
| Accrued charges and deferred income | 492/3 | €12,900 | €14,900 | +€2,000 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,890 | €40,842 | +€951 | +2.4% |
| Other operating charges | 640/8 | €7,869 | €4,547 | -€3,322 | -42.2% |
| Gross operating margin | 9900 | €146,660 | €171,237 | +€24,577 | +16.8% |
| Operating profit (loss) | 9901 | €98,901 | €125,849 | +€26,948 | +27.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €24,532 | €32,031 | +€7,499 | +30.6% |
| Recurring financial charges | 65 | €24,532 | €32,031 | +€7,499 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €74,368 | €93,817 | +€19,449 | +26.2% |
| Profit (loss) for the period | 9904 | €74,368 | €93,817 | +€19,449 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,368 | €93,817 | +€19,449 | +26.2% |
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 1 November 2026 via checked.be.