PATCOR: 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.
PATCOR
Largest movements
- Receivables after one year +€2.5m
up €2.5m (+414%), from €593,000 to €3.0m
- Financial fixed assets -€1.2m
down €1.2m (-33.3%), from €3.6m to €2.4m
- Cash -€438,903
down €438,903 (-26.5%), from €1.7m to €1.2m
mainly Receivables after one year (-€2.5m) and Contributions, distributions and other (-€705,470)
- Receivables within one year +€232,919
up €232,919 (+126%), from €185,101 to €418,020
of which Trade receivables: +€262,619
- Other debts +€614,549
up €614,549 (+1,605%), from €38,290 to €652,838
- Reserves +€409,469
up €409,469 (+13.1%), from €3.1m to €3.5m
- Financial income +€1.0m
up €1.0m (+5,376%), from €18,773 to €1.0m
of which Non-recurring financial income: +€1.0m
- Gross operating margin -€107,311
down €107,311 (-19.6%), from €546,816 to €439,506
- Staff costs +€41,537
up €41,537 (+35.6%), from €116,663 to €158,200
- Taxes +€28,942
up €28,942 (+20.1%), from €143,921 to €172,863
- Financial charges -€5,477
down €5,477 (-53.3%), from €10,277 to €4,800
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,099,148 | €7,118,591 | +€1.0m | +16.7% |
| Fixed assets | 21/28 | €3,637,590 | €2,428,979 | -€1.2m | -33.2% |
| Tangible fixed assets | 22/27 | €1,056 | €2,390 | +€1,334 | +126% |
| Furniture and vehicles | 24 | €1,056 | €2,390 | +€1,334 | +126% |
| Financial fixed assets | 28 | €3,636,535 | €2,426,589 | -€1.2m | -33.3% |
| Current assets | 29/58 | €2,461,558 | €4,689,613 | +€2.2m | +90.5% |
| Amounts receivable after more than one year | 29 | €593,000 | €3,048,000 | +€2.5m | +414% |
| Other amounts receivable | 291 | €593,000 | €3,048,000 | +€2.5m | +414% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €185,101 | €418,020 | +€232,919 | +126% |
| Trade receivables | 40 | €24,624 | €287,243 | +€262,619 | +1,067% |
| Other amounts receivable | 41 | €160,478 | €130,777 | -€29,701 | -18.5% |
| Cash at bank and in hand | 54/58 | €1,657,335 | €1,218,432 | -€438,903 | -26.5% |
| Deferred charges and accrued income | 490/1 | €26,122 | €5,161 | -€20,961 | -80.2% |
| Total equity and liabilities | 10/49 | €6,099,148 | €7,118,591 | +€1.0m | +16.7% |
| Equity | 10/15 | €5,927,872 | €6,337,341 | +€409,469 | +6.9% |
| Contributions | 10/11 | €2,804,000 | €2,804,000 | = | 0.0% |
| Reserves | 13 | €3,123,872 | €3,533,341 | +€409,469 | +13.1% |
| Distributable reserves | 133 | €3,123,872 | €3,533,341 | +€409,469 | +13.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €171,276 | €781,250 | +€609,975 | +356% |
| Amounts payable within one year | 42/48 | €157,536 | €772,550 | +€615,015 | +390% |
| Trade debts | 44 | €11,187 | €1,695 | -€9,492 | -84.8% |
| Suppliers | 440/4 | €11,187 | €1,695 | -€9,492 | -84.8% |
| Taxes, remuneration and social security | 45 | €108,059 | €118,017 | +€9,958 | +9.2% |
| Taxes | 450/3 | €95,553 | €101,054 | +€5,501 | +5.8% |
| Remuneration and social security | 454/9 | €12,505 | €16,963 | +€4,458 | +35.6% |
| Other amounts payable | 47/48 | €38,290 | €652,838 | +€614,549 | +1,605% |
| Accrued charges and deferred income | 492/3 | €13,740 | €8,700 | -€5,040 | -36.7% |
| Non-recurring operating income | 76A | €88,845 | €0 | -€88,845 | -100% |
| Remuneration, social security and pensions | 62 | €116,663 | €158,200 | +€41,537 | +35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €892 | €1,259 | +€367 | +41.1% |
| Other operating charges | 640/8 | €743 | €3,621 | +€2,878 | +387% |
| Non-recurring operating charges | 66A | - | €11,924 | +€11,924 | |
| Gross operating margin | 9900 | €546,816 | €439,506 | -€107,311 | -19.6% |
| Operating profit (loss) | 9901 | €428,519 | €264,502 | -€164,017 | -38.3% |
| Financial income | 75/76B | €18,773 | €1,028,099 | +€1.0m | +5,376% |
| Recurring financial income | 75 | €18,773 | €15,761 | -€3,012 | -16.0% |
| Non-recurring financial income | 76B | - | €1,012,339 | +€1.0m | |
| Financial charges | 65/66B | €10,277 | €4,800 | -€5,477 | -53.3% |
| Recurring financial charges | 65 | €10,277 | €4,800 | -€5,477 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €437,015 | €1,287,801 | +€850,786 | +195% |
| Income taxes | 67/77 | €143,921 | €172,863 | +€28,942 | +20.1% |
| Profit (loss) for the period | 9904 | €293,094 | €1,114,939 | +€821,844 | +280% |
| Profit (loss) for the period to be appropriated | 9905 | €293,094 | €1,114,939 | +€821,844 | +280% |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.