PATHold: 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.
PATHold
Largest movements
- Cash +€36,649
up €36,649 (+24.6%), from €149,257 to €185,906
mainly Current portion of long-term debt (+€503,187) and Net result for the year (+€478,565)
- Debts after one year -€825,969
down €825,969 (-52.2%), from €1.6m to €756,650
of which Other amounts payable: -€500,000
- Current portion of long-term debt +€503,187
up €503,187 (+156%), from €322,782 to €825,969
- Reserves +€478,565
up €478,565 (+51.6%), from €927,091 to €1.4m
- Tax, wage and social debts -€78,428
down €78,428 (-45.8%), from €171,259 to €92,831
- Financial income +€249,434
up €249,434 (+44,045%), from €566 to €250,000
- Gross operating margin -€32,858
down €32,858 (-9.3%), from €355,100 to €322,241
- Taxes -€7,394
down €7,394 (-9.6%), from €77,236 to €69,842
- Financial charges -€4,194
down €4,194 (-15.8%), from €26,547 to €22,353
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 | €3,397,054 | €3,438,880 | +€41,825 | +1.2% |
| Fixed assets | 21/28 | €3,175,000 | €3,175,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,175,000 | €3,175,000 | = | 0.0% |
| Current assets | 29/58 | €222,054 | €263,880 | +€41,825 | +18.8% |
| Amounts receivable within one year | 40/41 | €72,619 | €77,777 | +€5,158 | +7.1% |
| Trade receivables | 40 | €72,600 | €72,600 | = | 0.0% |
| Other amounts receivable | 41 | €19 | €5,177 | +€5,158 | +27,133% |
| Cash at bank and in hand | 54/58 | €149,257 | €185,906 | +€36,649 | +24.6% |
| Deferred charges and accrued income | 490/1 | €178 | €196 | +€18 | +10.4% |
| Total equity and liabilities | 10/49 | €3,397,054 | €3,438,880 | +€41,825 | +1.2% |
| Equity | 10/15 | €1,277,091 | €1,755,656 | +€478,565 | +37.5% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €927,091 | €1,405,656 | +€478,565 | +51.6% |
| Distributable reserves | 133 | €927,091 | €1,405,656 | +€478,565 | +51.6% |
| Amounts payable | 17/49 | €2,119,963 | €1,683,224 | -€436,740 | -20.6% |
| Amounts payable after more than one year | 17 | €1,582,618 | €756,650 | -€825,969 | -52.2% |
| Financial debts | 170/4 | €1,082,618 | €756,650 | -€325,969 | -30.1% |
| Other amounts payable | 178/9 | €500,000 | €0 | -€500,000 | -100% |
| Amounts payable within one year | 42/48 | €532,417 | €922,198 | +€389,781 | +73.2% |
| Current portion of amounts payable after more than one year | 42 | €322,782 | €825,969 | +€503,187 | +156% |
| Trade debts | 44 | €37,395 | €3,398 | -€33,997 | -90.9% |
| Suppliers | 440/4 | €37,395 | €3,398 | -€33,997 | -90.9% |
| Taxes, remuneration and social security | 45 | €171,259 | €92,831 | -€78,428 | -45.8% |
| Taxes | 450/3 | €171,259 | €92,831 | -€78,428 | -45.8% |
| Other amounts payable | 47/48 | €981 | €0 | -€981 | -100% |
| Accrued charges and deferred income | 492/3 | €4,928 | €4,377 | -€552 | -11.2% |
| Other operating charges | 640/8 | €1,163 | €1,481 | +€318 | +27.4% |
| Gross operating margin | 9900 | €355,100 | €322,241 | -€32,858 | -9.3% |
| Operating profit (loss) | 9901 | €353,937 | €320,761 | -€33,177 | -9.4% |
| Financial income | 75/76B | €566 | €250,000 | +€249,434 | +44,045% |
| Recurring financial income | 75 | €566 | €250,000 | +€249,434 | +44,045% |
| Financial charges | 65/66B | €26,547 | €22,353 | -€4,194 | -15.8% |
| Recurring financial charges | 65 | €26,547 | €22,353 | -€4,194 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €327,956 | €548,407 | +€220,451 | +67.2% |
| Income taxes | 67/77 | €77,236 | €69,842 | -€7,394 | -9.6% |
| Profit (loss) for the period | 9904 | €250,721 | €478,565 | +€227,845 | +90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €250,721 | €478,565 | +€227,845 | +90.9% |
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 13 October 2026 via checked.be.