PATRICK'S PATENTS: 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'S PATENTS
Largest movements
- Cash +€145,705
up €145,705 (+140%), from €103,803 to €249,508
mainly Net result for the year (+€211,263) and Receivables within one year (+€66,745)
- Current investments +€87,481
up €87,481 (+20.4%), from €429,093 to €516,574
- Receivables within one year -€66,745
down €66,745 (-58.1%), from €114,908 to €48,163
of which Other amounts receivable: -€62,838
- Tangible fixed assets -€22,408
down €22,408 (-26.0%), from €86,295 to €63,886
- Reserves +€145,700
up €145,700 (+22.2%), from €654,860 to €800,560
- Advances received +€18,000
new in 2025: €18,000
- Other debts -€16,995
down €16,995 (-57.4%), from €29,598 to €12,603
- Financial income +€83,203
up €83,203 (+258%), from €32,251 to €115,454
- Gross operating margin +€18,720
up €18,720 (+11.1%), from €168,716 to €187,436
- Taxes +€15,813
up €15,813 (+35.5%), from €44,486 to €60,299
- Other operating charges +€4,446
up €4,446 (+199%), from €2,230 to €6,676
- Write-downs -€4,380
new in 2025: -€4,380
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 | €736,816 | €880,940 | +€144,124 | +19.6% |
| Fixed assets | 21/28 | €86,295 | €63,886 | -€22,408 | -26.0% |
| Tangible fixed assets | 22/27 | €86,295 | €63,886 | -€22,408 | -26.0% |
| Land and buildings | 22 | €47,694 | €37,311 | -€10,383 | -21.8% |
| Plant, machinery and equipment | 23 | €2,729 | €0 | -€2,729 | -100% |
| Furniture and vehicles | 24 | €30,327 | €21,032 | -€9,296 | -30.7% |
| Other tangible fixed assets | 26 | €5,544 | €5,544 | = | 0.0% |
| Current assets | 29/58 | €650,521 | €817,054 | +€166,533 | +25.6% |
| Amounts receivable within one year | 40/41 | €114,908 | €48,163 | -€66,745 | -58.1% |
| Trade receivables | 40 | €40,457 | €36,550 | -€3,907 | -9.7% |
| Other amounts receivable | 41 | €74,451 | €11,613 | -€62,838 | -84.4% |
| Current investments | 50/53 | €429,093 | €516,574 | +€87,481 | +20.4% |
| Cash at bank and in hand | 54/58 | €103,803 | €249,508 | +€145,705 | +140% |
| Deferred charges and accrued income | 490/1 | €2,717 | €2,809 | +€92 | +3.4% |
| Total equity and liabilities | 10/49 | €736,816 | €880,940 | +€144,124 | +19.6% |
| Equity | 10/15 | €689,176 | €834,938 | +€145,763 | +21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €654,860 | €800,560 | +€145,700 | +22.2% |
| Distributable reserves | 133 | €654,860 | €800,560 | +€145,700 | +22.2% |
| Profit (loss) carried forward | 14 | €15,716 | €15,778 | +€63 | +0.4% |
| Amounts payable | 17/49 | €47,640 | €46,002 | -€1,638 | -3.4% |
| Amounts payable within one year | 42/48 | €46,140 | €44,502 | -€1,638 | -3.6% |
| Trade debts | 44 | €7,681 | €8,618 | +€936 | +12.2% |
| Suppliers | 440/4 | €7,681 | €8,618 | +€936 | +12.2% |
| Advances received on contracts in progress | 46 | - | €18,000 | +€18,000 | |
| Taxes, remuneration and social security | 45 | €8,861 | €5,281 | -€3,580 | -40.4% |
| Taxes | 450/3 | €8,861 | €5,281 | -€3,580 | -40.4% |
| Other amounts payable | 47/48 | €29,598 | €12,603 | -€16,995 | -57.4% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,108 | €26,141 | +€1,033 | +4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€4,380 | -€4,380 | |
| Other operating charges | 640/8 | €2,230 | €6,676 | +€4,446 | +199% |
| Gross operating margin | 9900 | €168,716 | €187,436 | +€18,720 | +11.1% |
| Operating profit (loss) | 9901 | €141,378 | €159,000 | +€17,622 | +12.5% |
| Financial income | 75/76B | €32,251 | €115,454 | +€83,203 | +258% |
| Recurring financial income | 75 | €32,251 | €115,454 | +€83,203 | +258% |
| Financial charges | 65/66B | €3,388 | €2,892 | -€496 | -14.6% |
| Recurring financial charges | 65 | €3,388 | €2,892 | -€496 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €170,241 | €271,561 | +€101,320 | +59.5% |
| Income taxes | 67/77 | €44,486 | €60,299 | +€15,813 | +35.5% |
| Profit (loss) for the period | 9904 | €125,755 | €211,263 | +€85,508 | +68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €125,755 | €211,263 | +€85,508 | +68.0% |
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 23 October 2026 via checked.be.