PATHOS: 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.
PATHOS
Largest movements
- Receivables within one year +€4,922
up €4,922 (+74.5%), from €6,605 to €11,527
of which Other amounts receivable: +€5,527
- Cash +€3,801
up €3,801 (+24.8%), from €15,338 to €19,139
mainly Net result for the year (+€11,240) and Trade debts (+€895)
- Profit (loss) carried forward +€11,240
up €11,240 (+153%), from €7,369 to €18,609
- Tax, wage and social debts -€2,920
no longer reported in 2025 (was €2,920)
- Trade debts +€895
up €895 (+161%), from €556 to €1,451
- Other debts -€492
down €492 (-6.9%), from €7,098 to €6,605
- Gross operating margin +€16,810
up €16,810, from -€556 to €16,254
- Taxes +€4,078
new in 2025: €4,078
- Other operating charges -€1,042
down €1,042 (-53.8%), from €1,937 to €895
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 | €21,943 | €30,665 | +€8,722 | +39.8% |
| Current assets | 29/58 | €21,943 | €30,665 | +€8,722 | +39.8% |
| Amounts receivable within one year | 40/41 | €6,605 | €11,527 | +€4,922 | +74.5% |
| Trade receivables | 40 | €605 | - | -€605 | |
| Other amounts receivable | 41 | €6,000 | €11,527 | +€5,527 | +92.1% |
| Cash at bank and in hand | 54/58 | €15,338 | €19,139 | +€3,801 | +24.8% |
| Total equity and liabilities | 10/49 | €21,943 | €30,665 | +€8,722 | +39.8% |
| Equity | 10/15 | €11,369 | €22,609 | +€11,240 | +98.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,369 | €18,609 | +€11,240 | +153% |
| Amounts payable | 17/49 | €10,574 | €8,056 | -€2,517 | -23.8% |
| Amounts payable within one year | 42/48 | €10,574 | €8,056 | -€2,517 | -23.8% |
| Trade debts | 44 | €556 | €1,451 | +€895 | +161% |
| Suppliers | 440/4 | €556 | €1,451 | +€895 | +161% |
| Taxes, remuneration and social security | 45 | €2,920 | - | -€2,920 | |
| Taxes | 450/3 | €2,920 | - | -€2,920 | |
| Other amounts payable | 47/48 | €7,098 | €6,605 | -€492 | -6.9% |
| Other operating charges | 640/8 | €1,937 | €895 | -€1,042 | -53.8% |
| Gross operating margin | 9900 | -€556 | €16,254 | +€16,810 | |
| Operating profit (loss) | 9901 | -€2,493 | €15,358 | +€17,852 | |
| Financial charges | 65/66B | €74 | €40 | -€34 | -45.4% |
| Recurring financial charges | 65 | €74 | €40 | -€34 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,567 | €15,318 | +€17,885 | |
| Income taxes | 67/77 | - | €4,078 | +€4,078 | |
| Profit (loss) for the period | 9904 | -€2,567 | €11,240 | +€13,807 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,567 | €11,240 | +€13,807 |
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.