PATINCO: 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.
PATINCO
Largest movements
- Receivables within one year -€3.5m
down €3.5m (-97.7%), from €3.6m to €83,315
of which Other amounts receivable: -€3.5m
- Receivables after one year +€1.7m
up €1.7m (+32.5%), from €5.3m to €7.0m
- Profit (loss) carried forward -€4.2m
down €4.2m (-99.3%), from €4.2m to €31,218
- Reserves +€1.9m
up €1.9m (+44.0%), from €4.4m to €6.3m
of which Non-distributable reserves: +€1.9m
- Current portion of long-term debt +€293,183
new in 2025: €293,183
- Tax, wage and social debts +€151,773
up €151,773 (+54.1%), from €280,565 to €432,338
- Gross operating margin +€479,127
up €479,127 (+22.1%), from €2.2m to €2.6m
- Taxes +€124,346
up €124,346 (+15.4%), from €807,992 to €932,338
- Financial income -€37,042
down €37,042 (-13.4%), from €275,471 to €238,429
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 | €8,937,025 | €7,118,151 | -€1.8m | -20.4% |
| Fixed assets | 21/28 | €11,642 | €11,398 | -€244 | -2.1% |
| Tangible fixed assets | 22/27 | €11,642 | €11,398 | -€244 | -2.1% |
| Furniture and vehicles | 24 | €809 | €565 | -€244 | -30.1% |
| Other tangible fixed assets | 26 | €10,833 | €10,833 | = | 0.0% |
| Current assets | 29/58 | €8,925,383 | €7,106,752 | -€1.8m | -20.4% |
| Amounts receivable after more than one year | 29 | €5,282,042 | €7,000,000 | +€1.7m | +32.5% |
| Other amounts receivable | 291 | €5,282,042 | €7,000,000 | +€1.7m | +32.5% |
| Amounts receivable within one year | 40/41 | €3,632,532 | €83,315 | -€3.5m | -97.7% |
| Trade receivables | 40 | €18,809 | - | -€18,809 | |
| Other amounts receivable | 41 | €3,613,722 | €83,315 | -€3.5m | -97.7% |
| Current investments | 50/53 | €5,162 | €5,162 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,647 | €18,275 | +€12,628 | +223.6% |
| Total equity and liabilities | 10/49 | €8,937,025 | €7,118,151 | -€1.8m | -20.4% |
| Equity | 10/15 | €8,656,115 | €6,392,629 | -€2.3m | -26.1% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €4,386,411 | €6,316,411 | +€1.9m | +44.0% |
| Non-distributable reserves | 130/1 | €4,380,000 | €6,310,000 | +€1.9m | +44.1% |
| Other | 1319 | €4,380,000 | €6,310,000 | +€1.9m | +44.1% |
| Distributable reserves | 133 | €6,411 | €6,411 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,224,703 | €31,218 | -€4.2m | -99.3% |
| Amounts payable | 17/49 | €280,910 | €725,521 | +€444,611 | +158.3% |
| Amounts payable within one year | 42/48 | €280,910 | €725,521 | +€444,611 | +158.3% |
| Current portion of amounts payable after more than one year | 42 | - | €293,183 | +€293,183 | |
| Trade debts | 44 | €345 | - | -€345 | |
| Suppliers | 440/4 | €345 | - | -€345 | |
| Taxes, remuneration and social security | 45 | €280,565 | €432,338 | +€151,773 | +54.1% |
| Taxes | 450/3 | €280,565 | €432,338 | +€151,773 | +54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €416 | €244 | -€172 | -41.4% |
| Other operating charges | 640/8 | €9,665 | €1,214 | -€8,451 | -87.4% |
| Gross operating margin | 9900 | €2,168,673 | €2,647,800 | +€479,127 | +22.1% |
| Operating profit (loss) | 9901 | €2,158,592 | €2,646,342 | +€487,751 | +22.6% |
| Financial income | 75/76B | €275,471 | €238,429 | -€37,042 | -13.4% |
| Recurring financial income | 75 | €275,471 | €238,429 | -€37,042 | -13.4% |
| Financial charges | 65/66B | -€6,577 | €15,918 | +€22,496 | |
| Recurring financial charges | 65 | -€6,577 | €15,918 | +€22,496 | |
| Profit (loss) for the period before taxes | 9903 | €2,440,640 | €2,868,853 | +€428,213 | +17.5% |
| Income taxes | 67/77 | €807,992 | €932,338 | +€124,346 | +15.4% |
| Profit (loss) for the period | 9904 | €1,632,648 | €1,936,514 | +€303,867 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,632,648 | €1,936,514 | +€303,867 | +18.6% |
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 6 October 2026 via checked.be.