PATRICE ADAM: what changed
What changed
PATRICE ADAM
filed annual accounts (NBB)
Net result for the year
€15,245
2024 · €18,889-€3,644
Equity
€116,342
2024 · €117,875-€1,533
Cash
€92,385
2024 · €72,759+€19,627
Balance sheet total
€165,568
2024 · €160,698+€4,870
Largest movements
Assets
- Cash +€19,627
up €19,627 (+27.0%), from €72,759 to €92,385
mainly Depreciation (+€18,270) and Net result for the year (+€15,245)
- Tangible fixed assets -€18,270
down €18,270 (-35.1%), from €52,020 to €33,749
of which Furniture and vehicles: -€15,996
- Deferred charges and accrued income +€2,678
up €2,678 (+96.4%), from €2,777 to €5,455
Equity and liabilities
- Other debts +€10,401
up €10,401 (+107%), from €9,752 to €20,153
- Debts after one year -€7,189
down €7,189 (-53.6%), from €13,413 to €6,224
- Tax, wage and social debts +€2,049
up €2,049 (+169%), from €1,209 to €3,258
Income statement
- Depreciation +€5,464
up €5,464 (+42.7%), from €12,806 to €18,270
- Taxes -€1,214
down €1,214 (-14.3%), from €8,473 to €7,259
- Financial charges -€519
down €519 (-20.6%), from €2,520 to €2,002
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
€18,889
Gross operating margin
-€330
Staff costs
+€329
Depreciation
-€5,464
Other operating charges
+€98
Financial income
-€9
Financial charges
+€519
Taxes
+€1,214
Result 2025
€15,245
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
+€42,295
Investment
€0
Financing
-€22,668
Cash 2024
€72,759
From operations (derived)
+€42,295
Net result for the year
+€15,245
Depreciation
+€18,270
Receivables within one year
-€836
Deferred charges and accrued income
-€2,678
Trade debts
+€43
Tax, wage and social debts
+€2,049
Other debts
+€10,401
Accrued charges and deferred income
-€198
Financing
-€22,668
Debts after one year
-€7,189
Current portion of long-term debt
+€1,298
Contributions, distributions and other
-€16,777
Cash 2025
€92,385
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,698 | €165,568 | +€4,870 | +3.0% |
| Fixed assets | 21/28 | €52,020 | €33,749 | -€18,270 | -35.1% |
| Tangible fixed assets | 22/27 | €52,020 | €33,749 | -€18,270 | -35.1% |
| Land and buildings | 22 | €10,948 | €9,448 | -€1,500 | -13.7% |
| Plant, machinery and equipment | 23 | €1,646 | €871 | -€775 | -47.1% |
| Furniture and vehicles | 24 | €39,426 | €23,430 | -€15,996 | -40.6% |
| Current assets | 29/58 | €108,678 | €131,819 | +€23,141 | +21.3% |
| Amounts receivable within one year | 40/41 | €33,142 | €33,978 | +€836 | +2.5% |
| Trade receivables | 40 | €23,624 | €26,705 | +€3,081 | +13.0% |
| Other amounts receivable | 41 | €9,518 | €7,273 | -€2,245 | -23.6% |
| Cash at bank and in hand | 54/58 | €72,759 | €92,385 | +€19,627 | +27.0% |
| Deferred charges and accrued income | 490/1 | €2,777 | €5,455 | +€2,678 | +96.4% |
| Total equity and liabilities | 10/49 | €160,698 | €165,568 | +€4,870 | +3.0% |
| Equity | 10/15 | €117,875 | €116,342 | -€1,533 | -1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €111,675 | €110,142 | -€1,533 | -1.4% |
| Distributable reserves | 133 | €111,675 | €110,142 | -€1,533 | -1.4% |
| Amounts payable | 17/49 | €42,823 | €49,226 | +€6,403 | +15.0% |
| Amounts payable after more than one year | 17 | €13,413 | €6,224 | -€7,189 | -53.6% |
| Financial debts | 170/4 | €13,413 | €6,224 | -€7,189 | -53.6% |
| Amounts payable within one year | 42/48 | €27,571 | €41,362 | +€13,791 | +50.0% |
| Current portion of amounts payable after more than one year | 42 | €9,263 | €10,562 | +€1,298 | +14.0% |
| Trade debts | 44 | €7,347 | €7,390 | +€43 | +0.6% |
| Suppliers | 440/4 | €7,347 | €7,390 | +€43 | +0.6% |
| Taxes, remuneration and social security | 45 | €1,209 | €3,258 | +€2,049 | +169% |
| Taxes | 450/3 | €1,209 | €3,258 | +€2,049 | +169% |
| Other amounts payable | 47/48 | €9,752 | €20,153 | +€10,401 | +107% |
| Accrued charges and deferred income | 492/3 | €1,838 | €1,640 | -€198 | -10.8% |
| Remuneration, social security and pensions | 62 | €329 | - | -€329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,806 | €18,270 | +€5,464 | +42.7% |
| Other operating charges | 640/8 | €748 | €649 | -€98 | -13.1% |
| Gross operating margin | 9900 | €43,745 | €43,415 | -€330 | -0.8% |
| Operating profit (loss) | 9901 | €29,863 | €24,496 | -€5,367 | -18.0% |
| Financial income | 75/76B | €19 | €10 | -€9 | -47.3% |
| Recurring financial income | 75 | €19 | €10 | -€9 | -47.3% |
| Financial charges | 65/66B | €2,520 | €2,002 | -€519 | -20.6% |
| Recurring financial charges | 65 | €2,520 | €2,002 | -€519 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €27,361 | €22,504 | -€4,857 | -17.8% |
| Income taxes | 67/77 | €8,473 | €7,259 | -€1,214 | -14.3% |
| Profit (loss) for the period | 9904 | €18,889 | €15,245 | -€3,644 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,889 | €15,245 | -€3,644 | -19.3% |
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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 6 November 2026 via checked.be.