PATRICK HUYS: 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 HUYS
Largest movements
- Current investments +€393,076
up €393,076 (+131%), from €300,000 to €693,076
- Cash -€344,325
down €344,325 (-63.9%), from €538,601 to €194,277
mainly Current investments (-€393,076) and Investment in fixed assets (net) (-€65,543)
- Tangible fixed assets +€36,210
up €36,210 (+8.8%), from €410,023 to €446,233
of which Furniture and vehicles: +€55,340
- Reserves +€68,491
up €68,491 (+8.6%), from €800,141 to €868,632
of which Distributable reserves: +€68,491
- Tax, wage and social debts +€22,102
up €22,102 (+162%), from €13,634 to €35,737
of which Taxes: +€20,985
- Trade debts -€18,880
down €18,880 (-85.7%), from €22,024 to €3,145
- Gross operating margin +€56,092
up €56,092 (+45.8%), from €122,350 to €178,442
- Taxes +€17,758
up €17,758 (+186%), from €9,545 to €27,303
- Depreciation -€5,637
down €5,637 (-16.1%), from €34,969 to €29,333
- Staff costs -€3,314
down €3,314 (-6.9%), from €48,190 to €44,876
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 | €1,285,567 | €1,358,110 | +€72,543 | +5.6% |
| Fixed assets | 21/28 | €410,023 | €446,233 | +€36,210 | +8.8% |
| Tangible fixed assets | 22/27 | €410,023 | €446,233 | +€36,210 | +8.8% |
| Land and buildings | 22 | €363,940 | €345,458 | -€18,481 | -5.1% |
| Plant, machinery and equipment | 23 | €3,596 | €2,947 | -€649 | -18.0% |
| Furniture and vehicles | 24 | €42,488 | €97,828 | +€55,340 | +130% |
| Current assets | 29/58 | €875,543 | €911,876 | +€36,333 | +4.1% |
| Stocks and contracts in progress | 3 | €7,695 | €7,695 | = | 0.0% |
| Stocks | 30/36 | €7,695 | €7,695 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,060 | €11,895 | -€13,166 | -52.5% |
| Trade receivables | 40 | €25,060 | €9,807 | -€15,253 | -60.9% |
| Other amounts receivable | 41 | €0 | €2,087 | +€2,087 | |
| Current investments | 50/53 | €300,000 | €693,076 | +€393,076 | +131% |
| Cash at bank and in hand | 54/58 | €538,601 | €194,277 | -€344,325 | -63.9% |
| Deferred charges and accrued income | 490/1 | €4,187 | €4,935 | +€748 | +17.9% |
| Total equity and liabilities | 10/49 | €1,285,567 | €1,358,110 | +€72,543 | +5.6% |
| Equity | 10/15 | €819,192 | €887,224 | +€68,031 | +8.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €800,141 | €868,632 | +€68,491 | +8.6% |
| Non-distributable reserves | 130/1 | €1,950 | €1,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,950 | €1,950 | = | 0.0% |
| Distributable reserves | 133 | €798,191 | €866,682 | +€68,491 | +8.6% |
| Profit (loss) carried forward | 14 | €459 | €0 | -€459 | -100% |
| Amounts payable | 17/49 | €466,374 | €470,886 | +€4,512 | +1.0% |
| Amounts payable within one year | 42/48 | €463,325 | €470,569 | +€7,244 | +1.6% |
| Trade debts | 44 | €22,024 | €3,145 | -€18,880 | -85.7% |
| Suppliers | 440/4 | €22,024 | €3,145 | -€18,880 | -85.7% |
| Taxes, remuneration and social security | 45 | €13,634 | €35,737 | +€22,102 | +162% |
| Taxes | 450/3 | €10,617 | €31,602 | +€20,985 | +198% |
| Remuneration and social security | 454/9 | €3,017 | €4,135 | +€1,117 | +37.0% |
| Other amounts payable | 47/48 | €427,666 | €431,688 | +€4,022 | +0.9% |
| Accrued charges and deferred income | 492/3 | €3,049 | €317 | -€2,733 | -89.6% |
| Non-recurring operating income | 76A | €0 | €14,709 | +€14,709 | |
| Remuneration, social security and pensions | 62 | €48,190 | €44,876 | -€3,314 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,969 | €29,333 | -€5,637 | -16.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,439 | €7,771 | +€332 | +4.5% |
| Gross operating margin | 9900 | €122,350 | €178,442 | +€56,092 | +45.8% |
| Operating profit (loss) | 9901 | €31,750 | €96,461 | +€64,711 | +204% |
| Financial income | 75/76B | €0 | €75 | +€74 | +21,220% |
| Recurring financial income | 75 | €0 | €75 | +€74 | +21,220% |
| Financial charges | 65/66B | €1,344 | €1,201 | -€143 | -10.6% |
| Recurring financial charges | 65 | €1,344 | €1,201 | -€143 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €30,406 | €95,335 | +€64,928 | +214% |
| Income taxes | 67/77 | €9,545 | €27,303 | +€17,758 | +186% |
| Profit (loss) for the period | 9904 | €20,861 | €68,031 | +€47,170 | +226% |
| Profit (loss) for the period to be appropriated | 9905 | €20,861 | €68,031 | +€47,170 | +226% |
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 28 October 2026 via checked.be.