Patrick Belgique: 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.
Patrick Belgique
Largest movements
- Tangible fixed assets +€1,711
new in 2025: €1,711
- Intangible fixed assets -€591
down €591 (-25.0%), from €2,364 to €1,773
- Receivables within one year -€479
down €479 (-15.8%), from €3,025 to €2,546
of which Trade receivables: -€378
- Cash -€262
down €262 (-23.0%), from €1,137 to €875
mainly Net result for the year (-€10,369) and Investment in fixed assets (net) (-€2,153)
- Other debts +€13,023
up €13,023 (+3.4%), from €386,519 to €399,542
- Profit (loss) carried forward -€10,369
down €10,369 (-1.1%), from -€908,418 to -€918,787
- Trade debts -€1,660
down €1,660 (-57.2%), from €2,903 to €1,244
- Tax, wage and social debts -€616
down €616 (-55.9%), from €1,101 to €486
- Gross operating margin +€5,216
up €5,216 (+41.7%), from -€12,502 to -€7,286
- Other operating charges -€326
down €326 (-24.6%), from €1,326 to €1,000
- Depreciation -€149
down €149 (-12.6%), from €1,183 to €1,033
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 | €6,526 | €6,905 | +€379 | +5.8% |
| Fixed assets | 21/28 | €2,364 | €3,484 | +€1,120 | +47.4% |
| Intangible fixed assets | 21 | €2,364 | €1,773 | -€591 | -25.0% |
| Tangible fixed assets | 22/27 | - | €1,711 | +€1,711 | |
| Furniture and vehicles | 24 | - | €1,711 | +€1,711 | |
| Current assets | 29/58 | €4,162 | €3,421 | -€741 | -17.8% |
| Amounts receivable within one year | 40/41 | €3,025 | €2,546 | -€479 | -15.8% |
| Trade receivables | 40 | €2,759 | €2,381 | -€378 | -13.7% |
| Other amounts receivable | 41 | €267 | €166 | -€101 | -37.8% |
| Cash at bank and in hand | 54/58 | €1,137 | €875 | -€262 | -23.0% |
| Total equity and liabilities | 10/49 | €6,526 | €6,905 | +€379 | +5.8% |
| Equity | 10/15 | -€383,997 | -€394,366 | -€10,369 | -2.7% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Capital | 10 | €495,787 | €495,787 | = | 0.0% |
| Issued capital | 100 | €495,787 | €495,787 | = | 0.0% |
| Reserves | 13 | €28,634 | €28,634 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,718 | €26,718 | = | 0.0% |
| Legal reserve | 130 | €23,000 | €23,000 | = | 0.0% |
| Other | 1319 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €1,916 | €1,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€908,418 | -€918,787 | -€10,369 | -1.1% |
| Amounts payable | 17/49 | €390,524 | €401,271 | +€10,747 | +2.8% |
| Amounts payable within one year | 42/48 | €390,524 | €401,271 | +€10,747 | +2.8% |
| Trade debts | 44 | €2,903 | €1,244 | -€1,660 | -57.2% |
| Suppliers | 440/4 | €2,903 | €1,244 | -€1,660 | -57.2% |
| Taxes, remuneration and social security | 45 | €1,101 | €486 | -€616 | -55.9% |
| Taxes | 450/3 | €1,101 | €486 | -€616 | -55.9% |
| Other amounts payable | 47/48 | €386,519 | €399,542 | +€13,023 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,183 | €1,033 | -€149 | -12.6% |
| Other operating charges | 640/8 | €1,326 | €1,000 | -€326 | -24.6% |
| Gross operating margin | 9900 | -€12,502 | -€7,286 | +€5,216 | +41.7% |
| Operating profit (loss) | 9901 | -€15,011 | -€9,319 | +€5,692 | +37.9% |
| Financial charges | 65/66B | €876 | €822 | -€54 | -6.2% |
| Recurring financial charges | 65 | €876 | €822 | -€54 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,887 | -€10,141 | +€5,746 | +36.2% |
| Income taxes | 67/77 | €293 | €228 | -€66 | -22.4% |
| Profit (loss) for the period | 9904 | -€16,180 | -€10,369 | +€5,811 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,180 | -€10,369 | +€5,811 | +35.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.