PATEL: 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.
PATEL
Largest movements
- Cash +€5,243
up €5,243 (+79.4%), from €6,606 to €11,849
mainly Net result for the year (+€5,110) and Receivables within one year (+€3,062)
- Stocks and contracts +€4,930
up €4,930 (+23.7%), from €20,820 to €25,750
- Receivables within one year -€3,062
down €3,062 (-54.6%), from €5,605 to €2,543
of which Other amounts receivable: -€2,668
- Tangible fixed assets -€2,513
down €2,513 (-100.0%), from €2,513 to €0
of which Furniture and vehicles: -€2,156
- Deferred charges and accrued income +€830
new in 2025: €830
- Profit (loss) carried forward +€5,110
up €5,110 (+29.0%), from -€17,619 to -€12,509
- Other debts +€2,193
up €2,193 (+5.8%), from €37,612 to €39,805
- Current portion of long-term debt -€1,900
no longer reported in 2025 (was €1,900)
- Gross operating margin +€4,457
up €4,457 (+58.5%), from €7,620 to €12,077
- Depreciation -€3,230
down €3,230 (-56.2%), from €5,743 to €2,513
- Financial charges +€3,072
up €3,072 (+880.2%), from €349 to €3,421
- Other operating charges +€255
up €255 (+32.8%), from €778 to €1,034
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 | €35,543 | €40,971 | +€5,428 | +15.3% |
| Fixed assets | 21/28 | €2,513 | €0 | -€2,513 | -100.0% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €2,513 | €0 | -€2,513 | -100.0% |
| Plant, machinery and equipment | 23 | €357 | €0 | -€357 | -100.0% |
| Furniture and vehicles | 24 | €2,156 | €0 | -€2,156 | -100.0% |
| Current assets | 29/58 | €33,030 | €40,971 | +€7,941 | +24.0% |
| Stocks and contracts in progress | 3 | €20,820 | €25,750 | +€4,930 | +23.7% |
| Stocks | 30/36 | €20,820 | €25,750 | +€4,930 | +23.7% |
| Amounts receivable within one year | 40/41 | €5,605 | €2,543 | -€3,062 | -54.6% |
| Trade receivables | 40 | €872 | €478 | -€394 | -45.2% |
| Other amounts receivable | 41 | €4,733 | €2,065 | -€2,668 | -56.4% |
| Cash at bank and in hand | 54/58 | €6,606 | €11,849 | +€5,243 | +79.4% |
| Deferred charges and accrued income | 490/1 | - | €830 | +€830 | |
| Total equity and liabilities | 10/49 | €35,543 | €40,971 | +€5,428 | +15.3% |
| Equity | 10/15 | -€11,219 | -€6,109 | +€5,110 | +45.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,619 | -€12,509 | +€5,110 | +29.0% |
| Amounts payable | 17/49 | €46,762 | €47,080 | +€318 | +0.7% |
| Amounts payable within one year | 42/48 | €46,762 | €47,080 | +€318 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €1,900 | - | -€1,900 | |
| Trade debts | 44 | €6,446 | €6,422 | -€24 | -0.4% |
| Suppliers | 440/4 | €6,446 | €6,422 | -€24 | -0.4% |
| Taxes, remuneration and social security | 45 | €804 | €853 | +€49 | +6.1% |
| Taxes | 450/3 | €804 | €853 | +€49 | +6.1% |
| Other amounts payable | 47/48 | €37,612 | €39,805 | +€2,193 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,743 | €2,513 | -€3,230 | -56.2% |
| Other operating charges | 640/8 | €778 | €1,034 | +€255 | +32.8% |
| Gross operating margin | 9900 | €7,620 | €12,077 | +€4,457 | +58.5% |
| Operating profit (loss) | 9901 | €1,099 | €8,531 | +€7,432 | +676.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €349 | €3,421 | +€3,072 | +880.2% |
| Recurring financial charges | 65 | €349 | €3,421 | +€3,072 | +880.2% |
| Profit (loss) for the period before taxes | 9903 | €750 | €5,110 | +€4,360 | +581.2% |
| Profit (loss) for the period | 9904 | €750 | €5,110 | +€4,360 | +581.2% |
| Profit (loss) for the period to be appropriated | 9905 | €750 | €5,110 | +€4,360 | +581.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.