PATRICK MAES CONSULTING: 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 MAES CONSULTING
Largest movements
- Receivables within one year +€43,477
up €43,477 (+220%), from €19,732 to €63,209
of which Trade receivables: +€43,543
- Cash -€40,994
down €40,994 (-62.9%), from €65,217 to €24,223
mainly Contributions, distributions and other (-€63,505) and Receivables within one year (-€43,477)
- Current investments +€17,000
up €17,000 (+16.8%), from €101,287 to €118,287
- Financial fixed assets +€3,770
new in 2025: €3,770
- Other debts +€59,210
up €59,210 (+5,287%), from €1,120 to €60,330
- Reserves -€45,335
down €45,335 (-27.8%), from €163,127 to €117,792
- Trade debts +€12,461
up €12,461 (+735%), from €1,695 to €14,156
- Tax, wage and social debts -€2,915
down €2,915 (-24.1%), from €12,090 to €9,175
- Gross operating margin -€39,458
down €39,458 (-62.8%), from €62,835 to €23,377
- Taxes -€10,852
down €10,852 (-62.5%), from €17,367 to €6,515
- Financial income +€2,564
up €2,564 (+116%), from €2,217 to €4,781
- Financial charges +€1,463
up €1,463 (+149%), from €983 to €2,446
- Other operating charges -€1,074
down €1,074 (-86.4%), from €1,244 to €170
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 | €190,432 | €213,853 | +€23,421 | +12.3% |
| Fixed assets | 21/28 | €2,800 | €5,714 | +€2,913 | +104% |
| Intangible fixed assets | 21 | €800 | €600 | -€200 | -25.0% |
| Tangible fixed assets | 22/27 | €2,000 | €1,344 | -€657 | -32.8% |
| Plant, machinery and equipment | 23 | €1,512 | €1,344 | -€168 | -11.1% |
| Furniture and vehicles | 24 | €489 | - | -€489 | |
| Financial fixed assets | 28 | - | €3,770 | +€3,770 | |
| Current assets | 29/58 | €187,632 | €208,139 | +€20,508 | +10.9% |
| Amounts receivable within one year | 40/41 | €19,732 | €63,209 | +€43,477 | +220% |
| Trade receivables | 40 | €17,613 | €61,156 | +€43,543 | +247% |
| Other amounts receivable | 41 | €2,119 | €2,052 | -€67 | -3.2% |
| Current investments | 50/53 | €101,287 | €118,287 | +€17,000 | +16.8% |
| Cash at bank and in hand | 54/58 | €65,217 | €24,223 | -€40,994 | -62.9% |
| Deferred charges and accrued income | 490/1 | €1,396 | €2,420 | +€1,025 | +73.4% |
| Total equity and liabilities | 10/49 | €190,432 | €213,853 | +€23,421 | +12.3% |
| Equity | 10/15 | €175,527 | €130,192 | -€45,335 | -25.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €163,127 | €117,792 | -€45,335 | -27.8% |
| Distributable reserves | 133 | €163,127 | €117,792 | -€45,335 | -27.8% |
| Amounts payable | 17/49 | €14,905 | €83,661 | +€68,756 | +461% |
| Amounts payable within one year | 42/48 | €14,905 | €83,661 | +€68,756 | +461% |
| Trade debts | 44 | €1,695 | €14,156 | +€12,461 | +735% |
| Suppliers | 440/4 | €1,695 | €14,156 | +€12,461 | +735% |
| Taxes, remuneration and social security | 45 | €12,090 | €9,175 | -€2,915 | -24.1% |
| Taxes | 450/3 | €12,090 | €9,175 | -€2,915 | -24.1% |
| Other amounts payable | 47/48 | €1,120 | €60,330 | +€59,210 | +5,287% |
| Non-recurring operating income | 76A | - | €4,500 | +€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,275 | €857 | -€418 | -32.8% |
| Other operating charges | 640/8 | €1,244 | €170 | -€1,074 | -86.4% |
| Gross operating margin | 9900 | €62,835 | €23,377 | -€39,458 | -62.8% |
| Operating profit (loss) | 9901 | €60,317 | €22,351 | -€37,966 | -62.9% |
| Financial income | 75/76B | €2,217 | €4,781 | +€2,564 | +116% |
| Recurring financial income | 75 | €2,217 | €4,781 | +€2,564 | +116% |
| Financial charges | 65/66B | €983 | €2,446 | +€1,463 | +149% |
| Recurring financial charges | 65 | €983 | €2,446 | +€1,463 | +149% |
| Profit (loss) for the period before taxes | 9903 | €61,551 | €24,685 | -€36,866 | -59.9% |
| Income taxes | 67/77 | €17,367 | €6,515 | -€10,852 | -62.5% |
| Profit (loss) for the period | 9904 | €44,184 | €18,170 | -€26,014 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,184 | €18,170 | -€26,014 | -58.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.