PATRICK M.: what changed
PATRICK M.
Largest movements
- Tangible fixed assets -€1,110
down €1,110 (-52.4%), from €2,118 to €1,008
of which Other tangible fixed assets: -€563
- Cash +€765
up €765 (+2.7%), from €27,904 to €28,669
mainly Net result for the year (+€3,211) and Depreciation (+€1,110)
- Deferred charges and accrued income -€353
down €353 (-47.5%), from €743 to €390
- Profit (loss) carried forward +€3,211
up €3,211 (+37.7%), from -€8,509 to -€5,297
- Tax, wage and social debts -€1,837
down €1,837 (-19.0%), from €9,650 to €7,813
of which Remuneration and social security: -€1,939
- Trade debts -€1,613
down €1,613 (-98.0%), from €1,646 to €33
- Gross operating margin +€1,430
up €1,430 (+3.0%), from €47,818 to €49,248
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 | €32,404 | €31,941 | -€463 | -1.4% |
| Fixed assets | 21/28 | €2,118 | €1,008 | -€1,110 | -52.4% |
| Tangible fixed assets | 22/27 | €2,118 | €1,008 | -€1,110 | -52.4% |
| Furniture and vehicles | 24 | €843 | €295 | -€547 | -64.9% |
| Other tangible fixed assets | 26 | €1,275 | €712 | -€563 | -44.1% |
| Current assets | 29/58 | €30,286 | €30,934 | +€647 | +2.1% |
| Stocks and contracts in progress | 3 | €1,639 | €1,875 | +€236 | +14.4% |
| Stocks | 30/36 | €1,639 | €1,875 | +€236 | +14.4% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €27,904 | €28,669 | +€765 | +2.7% |
| Deferred charges and accrued income | 490/1 | €743 | €390 | -€353 | -47.5% |
| Total equity and liabilities | 10/49 | €32,404 | €31,941 | -€463 | -1.4% |
| Equity | 10/15 | €20,473 | €23,684 | +€3,211 | +15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,382 | €10,382 | = | 0.0% |
| Distributable reserves | 133 | €10,382 | €10,382 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,509 | -€5,297 | +€3,211 | +37.7% |
| Amounts payable | 17/49 | €11,931 | €8,257 | -€3,674 | -30.8% |
| Amounts payable within one year | 42/48 | €11,931 | €8,257 | -€3,674 | -30.8% |
| Trade debts | 44 | €1,646 | €33 | -€1,613 | -98.0% |
| Suppliers | 440/4 | €1,646 | €33 | -€1,613 | -98.0% |
| Taxes, remuneration and social security | 45 | €9,650 | €7,813 | -€1,837 | -19.0% |
| Taxes | 450/3 | €4,514 | €4,616 | +€102 | +2.3% |
| Remuneration and social security | 454/9 | €5,136 | €3,197 | -€1,939 | -37.8% |
| Other amounts payable | 47/48 | €635 | €411 | -€224 | -35.2% |
| Remuneration, social security and pensions | 62 | €45,008 | €45,100 | +€91 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,110 | €1,110 | = | 0.0% |
| Other operating charges | 640/8 | €831 | €921 | +€90 | +10.9% |
| Gross operating margin | 9900 | €47,818 | €49,248 | +€1,430 | +3.0% |
| Operating profit (loss) | 9901 | €869 | €2,117 | +€1,249 | +144% |
| Financial income | 75/76B | €1,873 | €1,434 | -€439 | -23.4% |
| Recurring financial income | 75 | €1,873 | €1,434 | -€439 | -23.4% |
| Financial charges | 65/66B | €223 | €340 | +€117 | +52.6% |
| Recurring financial charges | 65 | €223 | €340 | +€117 | +52.6% |
| Profit (loss) for the period before taxes | 9903 | €2,519 | €3,211 | +€692 | +27.5% |
| Profit (loss) for the period | 9904 | €2,519 | €3,211 | +€692 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,519 | €3,211 | +€692 | +27.5% |
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.