PATNODEL: 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.
PATNODEL
Largest movements
- Tangible fixed assets -€270,733
down €270,733 (-5.7%), from €4.7m to €4.5m
of which Land and buildings: -€270,183
- Cash +€215,248
up €215,248 (+1,222%), from €17,619 to €232,868
mainly Net result for the year (+€6.2m) and Debts after one year (+€488,760)
- Receivables within one year +€63,473
up €63,473 (+25.1%), from €252,688 to €316,161
of which Other amounts receivable: +€46,293
- Revaluation surpluses -€581,072
down €581,072 (-100%), from €581,072 to €0
- Debts after one year +€488,760
up €488,760 (+46.7%), from €1.0m to €1.5m
- Other debts +€440,577
up €440,577 (+245%), from €180,138 to €620,716
- Reserves -€119,688
down €119,688 (-6.1%), from €2.0m to €1.8m
of which Tax-exempt reserves: -€119,688
- Trade debts -€116,860
down €116,860 (-89.1%), from €131,165 to €14,305
- Gross operating margin +€8.1m
up €8.1m (+2,328%), from €345,971 to €8.4m
- Taxes +€2.0m
up €2.0m (+3,999%), from €51,149 to €2.1m
- Financial income +€93,217
up €93,217 (+458%), from €20,338 to €113,555
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 | €5,001,906 | €5,009,897 | +€7,991 | +0.2% |
| Fixed assets | 21/28 | €4,731,599 | €4,460,869 | -€270,730 | -5.7% |
| Tangible fixed assets | 22/27 | €4,731,436 | €4,460,703 | -€270,733 | -5.7% |
| Land and buildings | 22 | €4,728,520 | €4,458,338 | -€270,183 | -5.7% |
| Plant, machinery and equipment | 23 | €2,916 | €2,365 | -€550 | -18.9% |
| Financial fixed assets | 28 | €163 | €166 | +€3 | +1.8% |
| Current assets | 29/58 | €270,307 | €549,028 | +€278,721 | +103% |
| Amounts receivable within one year | 40/41 | €252,688 | €316,161 | +€63,473 | +25.1% |
| Trade receivables | 40 | €4,883 | €22,063 | +€17,180 | +352% |
| Other amounts receivable | 41 | €247,805 | €294,097 | +€46,293 | +18.7% |
| Cash at bank and in hand | 54/58 | €17,619 | €232,868 | +€215,248 | +1,222% |
| Total equity and liabilities | 10/49 | €5,001,906 | €5,009,897 | +€7,991 | +0.2% |
| Equity | 10/15 | €2,755,298 | €2,058,178 | -€697,120 | -25.3% |
| Contributions | 10/11 | €211,500 | €211,500 | = | 0.0% |
| Capital | 10 | €211,500 | €211,500 | = | 0.0% |
| Issued capital | 100 | €211,500 | €211,500 | = | 0.0% |
| Revaluation surpluses | 12 | €581,072 | €0 | -€581,072 | -100% |
| Reserves | 13 | €1,962,726 | €1,843,038 | -€119,688 | -6.1% |
| Non-distributable reserves | 130/1 | €21,150 | €21,150 | = | 0.0% |
| Legal reserve | 130 | €21,150 | €21,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,941,576 | €1,821,888 | -€119,688 | -6.2% |
| Profit (loss) carried forward | 14 | €0 | €3,640 | +€3,640 | |
| Provisions and deferred taxes | 16 | €587,683 | €547,259 | -€40,424 | -6.9% |
| Deferred taxes | 168 | €587,683 | €547,259 | -€40,424 | -6.9% |
| Amounts payable | 17/49 | €1,658,925 | €2,404,461 | +€745,536 | +44.9% |
| Amounts payable after more than one year | 17 | €1,047,313 | €1,536,072 | +€488,760 | +46.7% |
| Financial debts | 170/4 | €1,047,313 | €1,536,072 | +€488,760 | +46.7% |
| Amounts payable within one year | 42/48 | €611,612 | €868,389 | +€256,776 | +42.0% |
| Current portion of amounts payable after more than one year | 42 | €250,580 | €216,849 | -€33,731 | -13.5% |
| Financial debts | 43 | €15,000 | €0 | -€15,000 | -100% |
| Credit institutions | 430/8 | €15,000 | €0 | -€15,000 | -100% |
| Trade debts | 44 | €131,165 | €14,305 | -€116,860 | -89.1% |
| Suppliers | 440/4 | €131,165 | €14,305 | -€116,860 | -89.1% |
| Advances received on contracts in progress | 46 | €22,759 | €7,488 | -€15,271 | -67.1% |
| Taxes, remuneration and social security | 45 | €11,970 | €9,030 | -€2,940 | -24.6% |
| Taxes | 450/3 | €11,970 | €9,030 | -€2,940 | -24.6% |
| Other amounts payable | 47/48 | €180,138 | €620,716 | +€440,577 | +245% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,221 | €190,976 | +€4,755 | +2.6% |
| Other operating charges | 640/8 | €72,142 | €75,074 | +€2,933 | +4.1% |
| Gross operating margin | 9900 | €345,971 | €8,400,332 | +€8.1m | +2,328% |
| Operating profit (loss) | 9901 | €87,609 | €8,134,282 | +€8.0m | +9,185% |
| Financial income | 75/76B | €20,338 | €113,555 | +€93,217 | +458% |
| Recurring financial income | 75 | €20,338 | €113,555 | +€93,217 | +458% |
| Financial charges | 65/66B | €20,005 | €21,853 | +€1,848 | +9.2% |
| Recurring financial charges | 65 | €20,005 | €21,853 | +€1,848 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €87,942 | €8,225,984 | +€8.1m | +9,254% |
| Transfer from deferred taxes | 780 | €28,541 | €40,424 | +€11,883 | +41.6% |
| Income taxes | 67/77 | €51,149 | €2,096,767 | +€2.0m | +3,999% |
| Profit (loss) for the period | 9904 | €65,334 | €6,169,641 | +€6.1m | +9,343% |
| Transfer from tax-exempt reserves | 789 | €84,038 | €119,688 | +€35,650 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €149,373 | €6,289,329 | +€6.1m | +4,110% |
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 17 October 2026 via checked.be.