PATERNOTTE & VANBRABANT: 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.
PATERNOTTE & VANBRABANT
Largest movements
- Receivables within one year +€24,613
up €24,613 (+13.4%), from €184,009 to €208,622
of which Trade receivables: +€22,534
- Cash +€7,417
up €7,417 (+20.3%), from €36,590 to €44,007
mainly Trade debts (+€19,811) and Net result for the year (+€6,325)
- Tangible fixed assets -€3,635
down €3,635 (-40.6%), from €8,945 to €5,310
of which Furniture and vehicles: -€3,047
- Trade debts +€19,811
up €19,811 (+14.8%), from €133,803 to €153,614
- Reserves +€6,325
up €6,325 (+32.4%), from €19,530 to €25,855
- Debts after one year -€3,652
down €3,652 (-74.5%), from €4,900 to €1,248
- Gross operating margin -€3,119
down €3,119 (-15.4%), from €20,282 to €17,163
- Depreciation +€747
up €747 (+14.6%), from €5,123 to €5,870
- Taxes -€437
down €437 (-13.9%), from €3,137 to €2,700
- Financial charges +€205
up €205 (+38.0%), from €538 to €743
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 | €252,135 | €277,606 | +€25,472 | +10.1% |
| Formation expenses | 20 | €1,745 | €1,154 | -€591 | -33.9% |
| Fixed assets | 21/28 | €10,589 | €5,310 | -€5,279 | -49.9% |
| Intangible fixed assets | 21 | €1,644 | - | -€1,644 | |
| Tangible fixed assets | 22/27 | €8,945 | €5,310 | -€3,635 | -40.6% |
| Plant, machinery and equipment | 23 | €588 | - | -€588 | |
| Furniture and vehicles | 24 | €8,357 | €5,310 | -€3,047 | -36.5% |
| Current assets | 29/58 | €239,800 | €271,142 | +€31,342 | +13.1% |
| Amounts receivable within one year | 40/41 | €184,009 | €208,622 | +€24,613 | +13.4% |
| Trade receivables | 40 | €171,869 | €194,403 | +€22,534 | +13.1% |
| Other amounts receivable | 41 | €12,140 | €14,219 | +€2,079 | +17.1% |
| Cash at bank and in hand | 54/58 | €36,590 | €44,007 | +€7,417 | +20.3% |
| Deferred charges and accrued income | 490/1 | €19,202 | €18,513 | -€688 | -3.6% |
| Total equity and liabilities | 10/49 | €252,135 | €277,606 | +€25,472 | +10.1% |
| Equity | 10/15 | €29,505 | €35,831 | +€6,325 | +21.4% |
| Contributions | 10/11 | €9,976 | €9,976 | = | 0.0% |
| Reserves | 13 | €19,530 | €25,855 | +€6,325 | +32.4% |
| Distributable reserves | 133 | €19,530 | €25,855 | +€6,325 | +32.4% |
| Amounts payable | 17/49 | €222,629 | €241,776 | +€19,146 | +8.6% |
| Amounts payable after more than one year | 17 | €4,900 | €1,248 | -€3,652 | -74.5% |
| Financial debts | 170/4 | €4,900 | €1,248 | -€3,652 | -74.5% |
| Amounts payable within one year | 42/48 | €207,529 | €230,328 | +€22,799 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €3,525 | €3,652 | +€127 | +3.6% |
| Financial debts | 43 | €3,392 | €3,409 | +€17 | +0.5% |
| Credit institutions | 430/8 | €3,392 | €3,409 | +€17 | +0.5% |
| Trade debts | 44 | €133,803 | €153,614 | +€19,811 | +14.8% |
| Suppliers | 440/4 | €133,803 | €153,614 | +€19,811 | +14.8% |
| Taxes, remuneration and social security | 45 | €88 | €2,584 | +€2,496 | +2,834% |
| Taxes | 450/3 | €88 | €2,584 | +€2,496 | +2,834% |
| Other amounts payable | 47/48 | €66,723 | €67,070 | +€347 | +0.5% |
| Accrued charges and deferred income | 492/3 | €10,200 | €10,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,123 | €5,870 | +€747 | +14.6% |
| Other operating charges | 640/8 | €1,481 | €1,525 | +€45 | +3.0% |
| Gross operating margin | 9900 | €20,282 | €17,163 | -€3,119 | -15.4% |
| Operating profit (loss) | 9901 | €13,679 | €9,767 | -€3,911 | -28.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €538 | €743 | +€205 | +38.0% |
| Recurring financial charges | 65 | €538 | €743 | +€205 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €13,140 | €9,025 | -€4,115 | -31.3% |
| Income taxes | 67/77 | €3,137 | €2,700 | -€437 | -13.9% |
| Profit (loss) for the period | 9904 | €10,004 | €6,325 | -€3,678 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,004 | €6,325 | -€3,678 | -36.8% |
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 29 October 2026 via checked.be.