PATELLA: 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.
PATELLA
Largest movements
- Receivables within one year +€83,178
up €83,178 (+27.8%), from €299,677 to €382,855
of which Other amounts receivable: +€59,442
- Cash -€76,868
down €76,868 (-70.2%), from €109,539 to €32,671
mainly Receivables within one year (-€83,178) and Tax, wage and social debts (-€57,447)
- Intangible fixed assets -€10,995
down €10,995 (-98.6%), from €11,156 to €161
- Tangible fixed assets -€9,548
down €9,548 (-55.5%), from €17,205 to €7,657
of which Furniture and vehicles: -€5,675
- Tax, wage and social debts -€57,447
down €57,447 (-67.2%), from €85,515 to €28,069
of which Taxes: -€51,314
- Trade debts +€26,506
up €26,506 (+17.2%), from €153,920 to €180,426
- Short-term financial debts +€25,000
up €25,000 (+25.0%), from €100,000 to €125,000
- Current portion of long-term debt -€18,657
down €18,657 (-36.7%), from €50,818 to €32,162
- Reserves +€14,723
up €14,723 (+6.2%), from €237,548 to €252,271
- Gross operating margin -€44,338
down €44,338 (-20.1%), from €220,380 to €176,041
- Staff costs -€32,119
down €32,119 (-22.4%), from €143,172 to €111,053
- Depreciation -€15,020
down €15,020 (-42.2%), from €35,563 to €20,543
- Financial charges -€10,918
down €10,918 (-39.6%), from €27,572 to €16,654
- Other operating charges -€8,743
down €8,743 (-84.7%), from €10,317 to €1,574
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 | €756,736 | €742,499 | -€14,237 | -1.9% |
| Fixed assets | 21/28 | €28,361 | €7,818 | -€20,543 | -72.4% |
| Intangible fixed assets | 21 | €11,156 | €161 | -€10,995 | -98.6% |
| Tangible fixed assets | 22/27 | €17,205 | €7,657 | -€9,548 | -55.5% |
| Plant, machinery and equipment | 23 | €3,169 | €807 | -€2,362 | -74.5% |
| Furniture and vehicles | 24 | €12,526 | €6,850 | -€5,675 | -45.3% |
| Other tangible fixed assets | 26 | €1,510 | €0 | -€1,510 | -100% |
| Current assets | 29/58 | €728,376 | €734,681 | +€6,305 | +0.9% |
| Amounts receivable after more than one year | 29 | €3,550 | €3,350 | -€200 | -5.6% |
| Other amounts receivable | 291 | €3,550 | €3,350 | -€200 | -5.6% |
| Stocks and contracts in progress | 3 | €295,405 | €289,710 | -€5,695 | -1.9% |
| Stocks | 30/36 | €295,405 | €289,710 | -€5,695 | -1.9% |
| Amounts receivable within one year | 40/41 | €299,677 | €382,855 | +€83,178 | +27.8% |
| Trade receivables | 40 | €296,720 | €320,455 | +€23,736 | +8.0% |
| Other amounts receivable | 41 | €2,958 | €62,400 | +€59,442 | +2,010% |
| Cash at bank and in hand | 54/58 | €109,539 | €32,671 | -€76,868 | -70.2% |
| Deferred charges and accrued income | 490/1 | €20,204 | €26,095 | +€5,891 | +29.2% |
| Total equity and liabilities | 10/49 | €756,736 | €742,499 | -€14,237 | -1.9% |
| Equity | 10/15 | €340,048 | €354,771 | +€14,723 | +4.3% |
| Contributions | 10/11 | €102,500 | €102,500 | = | 0.0% |
| Reserves | 13 | €237,548 | €252,271 | +€14,723 | +6.2% |
| Distributable reserves | 133 | €237,548 | €252,271 | +€14,723 | +6.2% |
| Amounts payable | 17/49 | €416,688 | €387,728 | -€28,960 | -7.0% |
| Amounts payable after more than one year | 17 | €22,508 | €20,707 | -€1,801 | -8.0% |
| Financial debts | 170/4 | €22,508 | €20,707 | -€1,801 | -8.0% |
| Amounts payable within one year | 42/48 | €394,181 | €367,021 | -€27,160 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €50,818 | €32,162 | -€18,657 | -36.7% |
| Financial debts | 43 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Credit institutions | 430/8 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Trade debts | 44 | €153,920 | €180,426 | +€26,506 | +17.2% |
| Suppliers | 440/4 | €153,920 | €180,426 | +€26,506 | +17.2% |
| Taxes, remuneration and social security | 45 | €85,515 | €28,069 | -€57,447 | -67.2% |
| Taxes | 450/3 | €70,540 | €19,225 | -€51,314 | -72.7% |
| Remuneration and social security | 454/9 | €14,976 | €8,844 | -€6,132 | -40.9% |
| Other amounts payable | 47/48 | €3,927 | €1,365 | -€2,563 | -65.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €143,172 | €111,053 | -€32,119 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,563 | €20,543 | -€15,020 | -42.2% |
| Other operating charges | 640/8 | €10,317 | €1,574 | -€8,743 | -84.7% |
| Non-recurring operating charges | 66A | €0 | €5,486 | +€5,486 | |
| Gross operating margin | 9900 | €220,380 | €176,041 | -€44,338 | -20.1% |
| Operating profit (loss) | 9901 | €31,328 | €37,386 | +€6,058 | +19.3% |
| Financial income | 75/76B | €5 | €3,366 | +€3,360 | +61,321% |
| Recurring financial income | 75 | €5 | €3,366 | +€3,360 | +61,321% |
| Financial charges | 65/66B | €27,572 | €16,654 | -€10,918 | -39.6% |
| Recurring financial charges | 65 | €27,572 | €16,654 | -€10,918 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €3,761 | €24,098 | +€20,337 | +541% |
| Income taxes | 67/77 | €6,259 | €9,375 | +€3,116 | +49.8% |
| Profit (loss) for the period | 9904 | -€2,498 | €14,723 | +€17,221 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,498 | €14,723 | +€17,221 |
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 15 October 2026 via checked.be.