PATENCO: 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.
PATENCO
Largest movements
- Cash +€17,766
up €17,766 (+58.2%), from €30,504 to €48,270
mainly Net result for the year (+€52,204) and Other debts (+€20,586)
- Receivables within one year +€9,895
up €9,895 (+544%), from €1,820 to €11,715
of which Trade receivables: +€10,207
- Tangible fixed assets -€6,074
down €6,074 (-14.0%), from €43,519 to €37,445
of which Furniture and vehicles: -€8,858
- Other debts +€20,586
up €20,586 (+37.0%), from €55,574 to €76,160
- Profit (loss) carried forward -€12,115
down €12,115 (-100%), from €12,115 to €0
- Tax, wage and social debts +€7,736
up €7,736 (+131%), from €5,887 to €13,623
- Trade debts +€5,443
up €5,443 (+974%), from €559 to €6,002
- Gross operating margin +€64,008
up €64,008 (+305%), from €20,991 to €84,999
- Taxes +€15,606
up €15,606 (+308%), from €5,064 to €20,671
- Depreciation +€6,362
up €6,362 (+135%), from €4,729 to €11,091
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 | €76,634 | €98,287 | +€21,652 | +28.3% |
| Fixed assets | 21/28 | €43,519 | €37,445 | -€6,074 | -14.0% |
| Tangible fixed assets | 22/27 | €43,519 | €37,445 | -€6,074 | -14.0% |
| Furniture and vehicles | 24 | €32,577 | €23,719 | -€8,858 | -27.2% |
| Other tangible fixed assets | 26 | €10,942 | €13,726 | +€2,784 | +25.4% |
| Current assets | 29/58 | €33,115 | €60,842 | +€27,727 | +83.7% |
| Amounts receivable within one year | 40/41 | €1,820 | €11,715 | +€9,895 | +544% |
| Trade receivables | 40 | €1,508 | €11,715 | +€10,207 | +677% |
| Other amounts receivable | 41 | €312 | €0 | -€312 | -100% |
| Cash at bank and in hand | 54/58 | €30,504 | €48,270 | +€17,766 | +58.2% |
| Deferred charges and accrued income | 490/1 | €791 | €857 | +€65 | +8.3% |
| Total equity and liabilities | 10/49 | €76,634 | €98,287 | +€21,652 | +28.3% |
| Equity | 10/15 | €14,615 | €2,500 | -€12,115 | -82.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,115 | €0 | -€12,115 | -100% |
| Amounts payable | 17/49 | €62,019 | €95,787 | +€33,768 | +54.4% |
| Amounts payable within one year | 42/48 | €62,019 | €95,787 | +€33,768 | +54.4% |
| Financial debts | 43 | €0 | €2 | +€2 | |
| Credit institutions | 430/8 | €0 | €2 | +€2 | |
| Trade debts | 44 | €559 | €6,002 | +€5,443 | +974% |
| Suppliers | 440/4 | €559 | €6,002 | +€5,443 | +974% |
| Taxes, remuneration and social security | 45 | €5,887 | €13,623 | +€7,736 | +131% |
| Taxes | 450/3 | €5,887 | €13,623 | +€7,736 | +131% |
| Other amounts payable | 47/48 | €55,574 | €76,160 | +€20,586 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,729 | €11,091 | +€6,362 | +135% |
| Other operating charges | 640/8 | €806 | €940 | +€134 | +16.6% |
| Gross operating margin | 9900 | €20,991 | €84,999 | +€64,008 | +305% |
| Operating profit (loss) | 9901 | €15,456 | €72,968 | +€57,512 | +372% |
| Financial income | 75/76B | €164 | €4 | -€159 | -97.3% |
| Recurring financial income | 75 | €164 | €4 | -€159 | -97.3% |
| Financial charges | 65/66B | €71 | €97 | +€27 | +37.7% |
| Recurring financial charges | 65 | €71 | €97 | +€27 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | €15,549 | €72,875 | +€57,326 | +369% |
| Income taxes | 67/77 | €5,064 | €20,671 | +€15,606 | +308% |
| Profit (loss) for the period | 9904 | €10,485 | €52,204 | +€41,719 | +398% |
| Profit (loss) for the period to be appropriated | 9905 | €10,485 | €52,204 | +€41,719 | +398% |
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 21 October 2026 via checked.be.