Pathlock Benelux: 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.
Pathlock Benelux
Largest movements
- Cash +€176,690
up €176,690 (+21.5%), from €822,676 to €999,366
mainly Net result for the year (+€842,972) and Tax, wage and social debts (+€176,811)
- Profit (loss) carried forward +€342,972
up €342,972 (+39.6%), from €865,402 to €1.2m
- Accrued charges and deferred income -€284,774
down €284,774 (-21.1%), from €1.4m to €1.1m
- Tax, wage and social debts +€176,811
up €176,811 (+112.8%), from €156,761 to €333,572
of which Taxes: +€173,511
- Trade debts -€103,684
down €103,684 (-24.3%), from €426,349 to €322,665
- Depreciation -€125,476
down €125,476 (-84.6%), from €148,300 to €22,825
- Gross operating margin +€51,912
up €51,912 (+4.1%), from €1.3m to €1.3m
- Taxes +€45,957
up €45,957 (+17.8%), from €257,592 to €303,549
- Financial income +€35,199
up €35,199 (+89.8%), from €39,210 to €74,409
- Staff costs +€31,112
up €31,112 (+17.3%), from €179,727 to €210,839
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 | €2,823,280 | €2,954,605 | +€131,325 | +4.7% |
| Fixed assets | 21/28 | €30,758 | €447 | -€30,311 | -98.5% |
| Intangible fixed assets | 21 | €21,292 | - | -€21,292 | |
| Tangible fixed assets | 22/27 | €1,980 | €447 | -€1,533 | -77.4% |
| Furniture and vehicles | 24 | €1,980 | €447 | -€1,533 | -77.4% |
| Financial fixed assets | 28 | €7,486 | - | -€7,486 | |
| Current assets | 29/58 | €2,792,522 | €2,954,158 | +€161,636 | +5.8% |
| Amounts receivable within one year | 40/41 | €1,964,108 | €1,952,276 | -€11,833 | -0.6% |
| Trade receivables | 40 | €675,472 | €604,330 | -€71,141 | -10.5% |
| Other amounts receivable | 41 | €1,288,637 | €1,347,945 | +€59,309 | +4.6% |
| Cash at bank and in hand | 54/58 | €822,676 | €999,366 | +€176,690 | +21.5% |
| Deferred charges and accrued income | 490/1 | €5,738 | €2,516 | -€3,222 | -56.1% |
| Total equity and liabilities | 10/49 | €2,823,280 | €2,954,605 | +€131,325 | +4.7% |
| Equity | 10/15 | €887,402 | €1,230,374 | +€342,972 | +38.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €865,402 | €1,208,374 | +€342,972 | +39.6% |
| Amounts payable | 17/49 | €1,935,878 | €1,724,231 | -€211,647 | -10.9% |
| Amounts payable within one year | 42/48 | €583,110 | €656,237 | +€73,127 | +12.5% |
| Trade debts | 44 | €426,349 | €322,665 | -€103,684 | -24.3% |
| Suppliers | 440/4 | €426,349 | €322,665 | -€103,684 | -24.3% |
| Taxes, remuneration and social security | 45 | €156,761 | €333,572 | +€176,811 | +112.8% |
| Taxes | 450/3 | €135,343 | €308,854 | +€173,511 | +128.2% |
| Remuneration and social security | 454/9 | €21,418 | €24,719 | +€3,300 | +15.4% |
| Accrued charges and deferred income | 492/3 | €1,352,768 | €1,067,994 | -€284,774 | -21.1% |
| Non-recurring operating income | 76A | €20,945 | - | -€20,945 | |
| Remuneration, social security and pensions | 62 | €179,727 | €210,839 | +€31,112 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,300 | €22,825 | -€125,476 | -84.6% |
| Other operating charges | 640/8 | €6,278 | €5,132 | -€1,146 | -18.3% |
| Non-recurring operating charges | 66A | - | €1,177 | +€1,177 | |
| Gross operating margin | 9900 | €1,276,435 | €1,328,348 | +€51,912 | +4.1% |
| Operating profit (loss) | 9901 | €942,129 | €1,088,374 | +€146,245 | +15.5% |
| Financial income | 75/76B | €39,210 | €74,409 | +€35,199 | +89.8% |
| Recurring financial income | 75 | €39,210 | €74,409 | +€35,199 | +89.8% |
| Financial charges | 65/66B | €5,775 | €16,263 | +€10,488 | +181.6% |
| Recurring financial charges | 65 | €5,775 | €16,263 | +€10,488 | +181.6% |
| Profit (loss) for the period before taxes | 9903 | €975,564 | €1,146,521 | +€170,956 | +17.5% |
| Income taxes | 67/77 | €257,592 | €303,549 | +€45,957 | +17.8% |
| Profit (loss) for the period | 9904 | €717,973 | €842,972 | +€124,999 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €717,973 | €842,972 | +€124,999 | +17.4% |
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 5 October 2026 via checked.be.