PATNOR: 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.
PATNOR
Largest movements
- Receivables within one year -€39,019
down €39,019 (-31.1%), from €125,537 to €86,517
of which Trade receivables: -€31,634
- Tangible fixed assets +€3,621
up €3,621 (+106%), from €3,425 to €7,046
of which Plant, machinery and equipment: +€2,426
- Receivables after one year +€3,320
up €3,320 (+3.8%), from €87,380 to €90,700
- Tax, wage and social debts -€40,976
down €40,976 (-80.5%), from €50,878 to €9,902
of which Taxes: -€24,413
- Trade debts -€11,702
down €11,702 (-12.5%), from €93,451 to €81,749
- Profit (loss) carried forward +€11,179
up €11,179 (+19.3%), from €57,915 to €69,094
- Short-term financial debts +€7,253
up €7,253 (+116%), from €6,234 to €13,487
- Gross operating margin +€8,227
up €8,227 (+49.5%), from €16,625 to €24,852
- Depreciation -€2,127
down €2,127 (-28.7%), from €7,417 to €5,290
- Taxes -€1,379
down €1,379 (-16.6%), from €8,304 to €6,925
- Financial charges -€470
down €470 (-12.4%), from €3,787 to €3,317
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 | €222,738 | €188,492 | -€34,246 | -15.4% |
| Fixed assets | 21/28 | €3,671 | €7,292 | +€3,621 | +98.6% |
| Tangible fixed assets | 22/27 | €3,425 | €7,046 | +€3,621 | +106% |
| Plant, machinery and equipment | 23 | €3,425 | €5,851 | +€2,426 | +70.8% |
| Furniture and vehicles | 24 | - | €1,195 | +€1,195 | |
| Financial fixed assets | 28 | €246 | €246 | = | 0.0% |
| Current assets | 29/58 | €219,067 | €181,200 | -€37,867 | -17.3% |
| Amounts receivable after more than one year | 29 | €87,380 | €90,700 | +€3,320 | +3.8% |
| Other amounts receivable | 291 | €87,380 | €90,700 | +€3,320 | +3.8% |
| Amounts receivable within one year | 40/41 | €125,537 | €86,517 | -€39,019 | -31.1% |
| Trade receivables | 40 | €115,009 | €83,375 | -€31,634 | -27.5% |
| Other amounts receivable | 41 | €10,528 | €3,143 | -€7,386 | -70.2% |
| Cash at bank and in hand | 54/58 | €1,712 | €1,295 | -€416 | -24.3% |
| Deferred charges and accrued income | 490/1 | €4,439 | €2,687 | -€1,752 | -39.5% |
| Total equity and liabilities | 10/49 | €222,738 | €188,492 | -€34,246 | -15.4% |
| Equity | 10/15 | €72,175 | €83,354 | +€11,179 | +15.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,915 | €69,094 | +€11,179 | +19.3% |
| Amounts payable | 17/49 | €150,564 | €105,138 | -€45,425 | -30.2% |
| Amounts payable within one year | 42/48 | €150,564 | €105,138 | -€45,425 | -30.2% |
| Financial debts | 43 | €6,234 | €13,487 | +€7,253 | +116% |
| Credit institutions | 430/8 | €6,234 | €13,487 | +€7,253 | +116% |
| Trade debts | 44 | €93,451 | €81,749 | -€11,702 | -12.5% |
| Suppliers | 440/4 | €93,451 | €81,749 | -€11,702 | -12.5% |
| Taxes, remuneration and social security | 45 | €50,878 | €9,902 | -€40,976 | -80.5% |
| Taxes | 450/3 | €34,144 | €9,731 | -€24,413 | -71.5% |
| Remuneration and social security | 454/9 | €16,734 | €171 | -€16,563 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,417 | €5,290 | -€2,127 | -28.7% |
| Other operating charges | 640/8 | €1,595 | €1,408 | -€186 | -11.7% |
| Non-recurring operating charges | 66A | - | €67 | +€67 | |
| Gross operating margin | 9900 | €16,625 | €24,852 | +€8,227 | +49.5% |
| Operating profit (loss) | 9901 | €7,613 | €18,087 | +€10,474 | +138% |
| Financial income | 75/76B | €3,320 | €3,334 | +€14 | +0.4% |
| Recurring financial income | 75 | €3,320 | €3,334 | +€14 | +0.4% |
| Financial charges | 65/66B | €3,787 | €3,317 | -€470 | -12.4% |
| Recurring financial charges | 65 | €3,787 | €3,317 | -€470 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €7,146 | €18,104 | +€10,958 | +153% |
| Income taxes | 67/77 | €8,304 | €6,925 | -€1,379 | -16.6% |
| Profit (loss) for the period | 9904 | -€1,158 | €11,179 | +€12,337 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,158 | €11,179 | +€12,337 |
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 21 October 2026 via checked.be.