PATRICE BOURG: what changed
PATRICE BOURG
Largest movements
- Receivables within one year +€34,350
up €34,350 (+13.3%), from €258,016 to €292,366
of which Other amounts receivable: +€33,604
- Cash +€7,409
up €7,409 (+280%), from €2,650 to €10,058
mainly Other debts (+€130,760) and Net result for the year (+€62,391)
- Other debts +€130,760
up €130,760 (+250%), from €52,200 to €182,960
- Reserves -€68,460
down €68,460 (-27.8%), from €246,655 to €178,195
of which Distributable reserves: -€68,460
- Trade debts -€23,690
no longer reported in 2025 (was €23,690)
- Tax, wage and social debts +€13,328
up €13,328 (+14.9%), from €89,443 to €102,772
- Short-term financial debts -€5,879
down €5,879 (-61.9%), from €9,496 to €3,617
- Taxes +€6,263
up €6,263 (+16.8%), from €37,200 to €43,463
- Gross operating margin +€6,177
up €6,177 (+7.1%), from €86,448 to €92,625
- Financial income +€3,825
up €3,825 (+23.4%), from €16,379 to €20,205
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €530,078 | €576,228 | +€46,150 | +8.7% |
| Fixed assets | 21/28 | €131,615 | €135,904 | +€4,289 | +3.3% |
| Tangible fixed assets | 22/27 | €131,565 | €135,854 | +€4,289 | +3.3% |
| Furniture and vehicles | 24 | €131,565 | €135,854 | +€4,289 | +3.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €398,463 | €440,324 | +€41,861 | +10.5% |
| Amounts receivable after more than one year | 29 | €137,750 | €137,750 | = | 0.0% |
| Other amounts receivable | 291 | €137,750 | €137,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €258,016 | €292,366 | +€34,350 | +13.3% |
| Trade receivables | 40 | - | €746 | +€746 | |
| Other amounts receivable | 41 | €258,016 | €291,620 | +€33,604 | +13.0% |
| Cash at bank and in hand | 54/58 | €2,650 | €10,058 | +€7,409 | +280% |
| Deferred charges and accrued income | 490/1 | €48 | €150 | +€102 | +213% |
| Total equity and liabilities | 10/49 | €530,078 | €576,228 | +€46,150 | +8.7% |
| Equity | 10/15 | €355,248 | €286,879 | -€68,369 | -19.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €246,655 | €178,195 | -€68,460 | -27.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €244,795 | €176,335 | -€68,460 | -28.0% |
| Profit (loss) carried forward | 14 | €102,388 | €102,479 | +€91 | +0.1% |
| Amounts payable | 17/49 | €174,830 | €289,349 | +€114,519 | +65.5% |
| Amounts payable within one year | 42/48 | €174,830 | €289,349 | +€114,519 | +65.5% |
| Financial debts | 43 | €9,496 | €3,617 | -€5,879 | -61.9% |
| Credit institutions | 430/8 | €9,496 | €3,617 | -€5,879 | -61.9% |
| Trade debts | 44 | €23,690 | - | -€23,690 | |
| Suppliers | 440/4 | €23,690 | - | -€23,690 | |
| Taxes, remuneration and social security | 45 | €89,443 | €102,772 | +€13,328 | +14.9% |
| Taxes | 450/3 | €89,443 | €102,772 | +€13,328 | +14.9% |
| Other amounts payable | 47/48 | €52,200 | €182,960 | +€130,760 | +250% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,090 | €2,592 | -€498 | -16.1% |
| Other operating charges | 640/8 | €865 | €1,039 | +€173 | +20.0% |
| Gross operating margin | 9900 | €86,448 | €92,625 | +€6,177 | +7.1% |
| Operating profit (loss) | 9901 | €82,493 | €88,994 | +€6,502 | +7.9% |
| Financial income | 75/76B | €16,379 | €20,205 | +€3,825 | +23.4% |
| Recurring financial income | 75 | €16,379 | €20,205 | +€3,825 | +23.4% |
| Financial charges | 65/66B | €3,087 | €3,345 | +€258 | +8.4% |
| Recurring financial charges | 65 | €3,087 | €3,345 | +€258 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €95,785 | €105,854 | +€10,068 | +10.5% |
| Income taxes | 67/77 | €37,200 | €43,463 | +€6,263 | +16.8% |
| Profit (loss) for the period | 9904 | €58,585 | €62,391 | +€3,806 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,585 | €62,391 | +€3,806 | +6.5% |
Next steps
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 4 November 2026 via checked.be.