PATICON: what changed
What changed
PATICON
NACE 17.220, Manufacture of paper and paper products
filed annual accounts (NBB)
Net result for the year
€25,499
2024 · €10,281+€15,218
Equity
€361,667
2024 · €336,168+€25,499
Cash
€1,249
2024 · €1,021+€228
Balance sheet total
€959,412
2024 · €913,276+€46,137
Largest movements
Assets
- Receivables within one year +€48,723
up €48,723 (+19.9%), from €244,243 to €292,965
of which Trade receivables: +€48,723
Equity and liabilities
- Profit (loss) carried forward +€25,499
up €25,499 (+1.8%), from -€1.4m to -€1.4m
- Tax, wage and social debts +€14,133
up €14,133 (+471%), from €3,001 to €17,135
Income statement
- Gross operating margin +€25,867
up €25,867 (+190%), from €13,618 to €39,484
- Taxes +€9,551
new in 2025: €9,551
- Other operating charges +€1,005
up €1,005 (+350%), from €287 to €1,292
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,281
Gross operating margin
+€25,867
Other operating charges
-€1,005
Financial charges
-€93
Taxes
-€9,551
Result 2025
€25,499
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€228
Investment
€0
Financing
€0
Cash 2024
€1,021
From operations (derived)
+€228
Net result for the year
+€25,499
Depreciation
+€2,814
Receivables within one year
-€48,723
Trade debts
+€4,375
Tax, wage and social debts
+€14,133
Other debts
+€2,130
Cash 2025
€1,249
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €913,276 | €959,412 | +€46,137 | +5.1% |
| Fixed assets | 21/28 | €638,012 | €635,198 | -€2,814 | -0.4% |
| Tangible fixed assets | 22/27 | €638,012 | €635,198 | -€2,814 | -0.4% |
| Plant, machinery and equipment | 23 | €633,301 | €633,301 | = | 0.0% |
| Furniture and vehicles | 24 | €4,711 | €1,897 | -€2,814 | -59.7% |
| Current assets | 29/58 | €275,264 | €324,215 | +€48,951 | +17.8% |
| Stocks and contracts in progress | 3 | €30,000 | €30,000 | = | 0.0% |
| Stocks | 30/36 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €244,243 | €292,965 | +€48,723 | +19.9% |
| Trade receivables | 40 | €242,707 | €291,429 | +€48,723 | +20.1% |
| Other amounts receivable | 41 | €1,536 | €1,536 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,021 | €1,249 | +€228 | +22.3% |
| Total equity and liabilities | 10/49 | €913,276 | €959,412 | +€46,137 | +5.1% |
| Equity | 10/15 | €336,168 | €361,667 | +€25,499 | +7.6% |
| Contributions | 10/11 | €1,785,000 | €1,785,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,448,832 | -€1,423,333 | +€25,499 | +1.8% |
| Amounts payable | 17/49 | €577,107 | €597,745 | +€20,638 | +3.6% |
| Amounts payable after more than one year | 17 | €512,200 | €512,200 | = | 0.0% |
| Financial debts | 170/4 | €512,200 | €512,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,907 | €85,545 | +€20,638 | +31.8% |
| Trade debts | 44 | €61,807 | €66,182 | +€4,375 | +7.1% |
| Suppliers | 440/4 | €61,807 | €66,182 | +€4,375 | +7.1% |
| Taxes, remuneration and social security | 45 | €3,001 | €17,135 | +€14,133 | +471% |
| Taxes | 450/3 | €3,001 | €17,135 | +€14,133 | +471% |
| Other amounts payable | 47/48 | €99 | €2,228 | +€2,130 | +2,159% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,814 | €2,814 | = | 0.0% |
| Other operating charges | 640/8 | €287 | €1,292 | +€1,005 | +350% |
| Gross operating margin | 9900 | €13,618 | €39,484 | +€25,867 | +190% |
| Operating profit (loss) | 9901 | €10,516 | €35,378 | +€24,862 | +236% |
| Financial charges | 65/66B | €235 | €328 | +€93 | +39.5% |
| Recurring financial charges | 65 | €235 | €328 | +€93 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €10,281 | €35,050 | +€24,769 | +241% |
| Income taxes | 67/77 | - | €9,551 | +€9,551 | |
| Profit (loss) for the period | 9904 | €10,281 | €25,499 | +€15,218 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €10,281 | €25,499 | +€15,218 | +148% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.