Patholem: 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.
Patholem
Largest movements
- Cash +€117,138
up €117,138 (+95.5%), from €122,620 to €239,759
mainly Other debts (+€369,537) and Net result for the year (+€222,666)
- Other debts +€369,537
up €369,537 (+273%), from €135,169 to €504,706
- Reserves -€210,000
down €210,000 (-63.6%), from €330,024 to €120,024
- Debts after one year -€76,000
down €76,000 (-63.2%), from €120,333 to €44,334
- Tax, wage and social debts +€29,770
up €29,770 (+1,240%), from €2,400 to €32,170
- Financial income +€49,512
up €49,512 (+1,212%), from €4,087 to €53,599
- Gross operating margin +€31,542
up €31,542 (+15.1%), from €208,439 to €239,981
- Taxes +€9,578
up €9,578 (+19.0%), from €50,522 to €60,100
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 | €691,425 | €803,395 | +€111,970 | +16.2% |
| Fixed assets | 21/28 | €483,333 | €486,030 | +€2,696 | +0.6% |
| Tangible fixed assets | 22/27 | - | €2,696 | +€2,696 | |
| Plant, machinery and equipment | 23 | - | €2,696 | +€2,696 | |
| Financial fixed assets | 28 | €483,333 | €483,333 | = | 0.0% |
| Current assets | 29/58 | €208,091 | €317,365 | +€109,274 | +52.5% |
| Amounts receivable within one year | 40/41 | €14,533 | €10,104 | -€4,429 | -30.5% |
| Other amounts receivable | 41 | €14,533 | €10,104 | -€4,429 | -30.5% |
| Current investments | 50/53 | €43,564 | €43,564 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €122,620 | €239,759 | +€117,138 | +95.5% |
| Deferred charges and accrued income | 490/1 | €27,374 | €23,938 | -€3,436 | -12.6% |
| Total equity and liabilities | 10/49 | €691,425 | €803,395 | +€111,970 | +16.2% |
| Equity | 10/15 | €348,624 | €138,624 | -€210,000 | -60.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €330,024 | €120,024 | -€210,000 | -63.6% |
| Distributable reserves | 133 | €330,024 | €120,024 | -€210,000 | -63.6% |
| Amounts payable | 17/49 | €342,801 | €664,771 | +€321,970 | +93.9% |
| Amounts payable after more than one year | 17 | €120,333 | €44,334 | -€76,000 | -63.2% |
| Financial debts | 170/4 | €120,333 | €44,334 | -€76,000 | -63.2% |
| Amounts payable within one year | 42/48 | €216,685 | €615,393 | +€398,708 | +184% |
| Current portion of amounts payable after more than one year | 42 | €76,000 | €76,000 | = | 0.0% |
| Trade debts | 44 | €3,116 | €2,517 | -€599 | -19.2% |
| Suppliers | 440/4 | €3,116 | €2,517 | -€599 | -19.2% |
| Taxes, remuneration and social security | 45 | €2,400 | €32,170 | +€29,770 | +1,240% |
| Taxes | 450/3 | €2,400 | €32,170 | +€29,770 | +1,240% |
| Other amounts payable | 47/48 | €135,169 | €504,706 | +€369,537 | +273% |
| Accrued charges and deferred income | 492/3 | €5,783 | €5,045 | -€738 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170 | €154 | -€16 | -9.5% |
| Other operating charges | 640/8 | €1,289 | €3,277 | +€1,988 | +154% |
| Gross operating margin | 9900 | €208,439 | €239,981 | +€31,542 | +15.1% |
| Operating profit (loss) | 9901 | €206,981 | €236,551 | +€29,570 | +14.3% |
| Financial income | 75/76B | €4,087 | €53,599 | +€49,512 | +1,212% |
| Recurring financial income | 75 | €4,087 | €53,599 | +€49,512 | +1,212% |
| Financial charges | 65/66B | €9,147 | €7,383 | -€1,763 | -19.3% |
| Recurring financial charges | 65 | €9,147 | €7,383 | -€1,763 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €201,921 | €282,766 | +€80,846 | +40.0% |
| Income taxes | 67/77 | €50,522 | €60,100 | +€9,578 | +19.0% |
| Profit (loss) for the period | 9904 | €151,399 | €222,666 | +€71,267 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €151,399 | €222,666 | +€71,267 | +47.1% |
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 16 October 2026 via checked.be.