PATRICK HUYS: what changed
Two fiscal 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
- Cash +€61,091
up €61,091 (+811.4%), from €7,529 to €68,619
mainly Debts after one year (+€867,977) and Net result for the year (+€259,300)
- Receivables within one year -€51,767
down €51,767 (-71.6%), from €72,347 to €20,580
of which Trade receivables: -€51,431
- Contributions -€988,500
down €988,500 (-94.1%), from €1.1m to €61,500
- Debts after one year +€867,977
new in 2025: €867,977
of which Financial debts: +€530,055
- Current portion of long-term debt +€120,886
new in 2025: €120,886
- Profit (loss) carried forward +€25,147
up €25,147, from -€25,147 to €0
- Gross operating margin +€49,178
up €49,178, from -€27,568 to €21,610
- Financial income +€38,846
up €38,846 (+19.0%), from €204,237 to €243,083
- Financial charges +€2,278
up €2,278 (+780.5%), from €292 to €2,570
- Taxes +€1,630
new in 2025: €1,630
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.
Cash bridge derived
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 | €1,123,361 | €1,132,602 | +€9,241 | +0.8% |
| Fixed assets | 21/28 | €1,043,428 | €1,043,402 | -€26 | 0.0% |
| Financial fixed assets | 28 | €1,043,428 | €1,043,402 | -€26 | 0.0% |
| Current assets | 29/58 | €79,933 | €89,199 | +€9,267 | +11.6% |
| Amounts receivable within one year | 40/41 | €72,347 | €20,580 | -€51,767 | -71.6% |
| Trade receivables | 40 | €54,553 | €3,122 | -€51,431 | -94.3% |
| Other amounts receivable | 41 | €17,794 | €17,458 | -€336 | -1.9% |
| Cash at bank and in hand | 54/58 | €7,529 | €68,619 | +€61,091 | +811.4% |
| Deferred charges and accrued income | 490/1 | €57 | €0 | -€57 | -100.0% |
| Total equity and liabilities | 10/49 | €1,123,361 | €1,132,602 | +€9,241 | +0.8% |
| Equity | 10/15 | €1,110,603 | €138,404 | -€972,200 | -87.5% |
| Contributions | 10/11 | €1,050,000 | €61,500 | -€988,500 | -94.1% |
| Capital | 10 | €1,050,000 | €61,500 | -€988,500 | -94.1% |
| Issued capital | 100 | €1,050,000 | €61,500 | -€988,500 | -94.1% |
| Reserves | 13 | €85,750 | €76,904 | -€8,846 | -10.3% |
| Non-distributable reserves | 130/1 | €85,750 | €6,150 | -€79,600 | -92.8% |
| Legal reserve | 130 | €85,750 | €6,150 | -€79,600 | -92.8% |
| Distributable reserves | 133 | - | €70,754 | +€70,754 | |
| Profit (loss) carried forward | 14 | -€25,147 | €0 | +€25,147 | |
| Amounts payable | 17/49 | €12,758 | €994,198 | +€981,441 | +7693.0% |
| Amounts payable after more than one year | 17 | - | €867,977 | +€867,977 | |
| Financial debts | 170/4 | - | €530,055 | +€530,055 | |
| Other amounts payable | 178/9 | - | €337,922 | +€337,922 | |
| Amounts payable within one year | 42/48 | €12,758 | €126,221 | +€113,463 | +889.4% |
| Current portion of amounts payable after more than one year | 42 | - | €120,886 | +€120,886 | |
| Trade debts | 44 | €225 | €0 | -€225 | -100.0% |
| Suppliers | 440/4 | €225 | €0 | -€225 | -100.0% |
| Taxes, remuneration and social security | 45 | €11,932 | €2,705 | -€9,227 | -77.3% |
| Taxes | 450/3 | €11,932 | €2,705 | -€9,227 | -77.3% |
| Other amounts payable | 47/48 | €600 | €2,630 | +€2,030 | +338.3% |
| Other operating charges | 640/8 | €1,108 | €1,193 | +€85 | +7.6% |
| Gross operating margin | 9900 | -€27,568 | €21,610 | +€49,178 | |
| Operating profit (loss) | 9901 | -€28,676 | €20,417 | +€49,093 | |
| Financial income | 75/76B | €204,237 | €243,083 | +€38,846 | +19.0% |
| Recurring financial income | 75 | €204,237 | €243,083 | +€38,846 | +19.0% |
| Financial charges | 65/66B | €292 | €2,570 | +€2,278 | +780.5% |
| Recurring financial charges | 65 | €292 | €2,570 | +€2,278 | +780.5% |
| Profit (loss) for the period before taxes | 9903 | €175,269 | €260,930 | +€85,661 | +48.9% |
| Income taxes | 67/77 | - | €1,630 | +€1,630 | |
| Profit (loss) for the period | 9904 | €175,269 | €259,300 | +€84,031 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €175,269 | €259,300 | +€84,031 | +47.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.