PATRICK SALES: 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 SALES
Largest movements
- Current investments +€75,334
new in 2025: €75,334
- Cash -€51,384
down €51,384 (-49.1%), from €104,669 to €53,285
mainly Current investments (-€75,334) and Other debts (-€17,204)
- Tangible fixed assets -€31,691
down €31,691 (-29.9%), from €106,116 to €74,425
of which Furniture and vehicles: -€20,578
- Receivables within one year +€10,356
up €10,356 (+76.6%), from €13,526 to €23,881
of which Trade receivables: +€14,391
- Stocks and contracts +€4,953
up €4,953 (+10.6%), from €46,870 to €51,823
- Profit (loss) carried forward +€21,135
up €21,135 (+44.8%), from €47,143 to €68,277
- Other debts -€17,204
down €17,204 (-69.2%), from €24,850 to €7,646
- Trade debts +€9,229
up €9,229 (+63.7%), from €14,486 to €23,716
- Reserves -€8,154
down €8,154 (-5.8%), from €140,397 to €132,242
of which Distributable reserves: -€8,154
- Gross operating margin -€40,485
down €40,485 (-21.9%), from €184,561 to €144,076
- Staff costs -€18,490
down €18,490 (-18.6%), from €99,301 to €80,811
- Taxes -€6,121
down €6,121 (-47.9%), from €12,784 to €6,664
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 | €285,428 | €289,568 | +€4,140 | +1.5% |
| Fixed assets | 21/28 | €107,355 | €75,664 | -€31,691 | -29.5% |
| Tangible fixed assets | 22/27 | €106,116 | €74,425 | -€31,691 | -29.9% |
| Plant, machinery and equipment | 23 | €21,568 | €16,872 | -€4,695 | -21.8% |
| Furniture and vehicles | 24 | €55,437 | €34,859 | -€20,578 | -37.1% |
| Other tangible fixed assets | 26 | €29,111 | €22,694 | -€6,417 | -22.0% |
| Financial fixed assets | 28 | €1,239 | €1,239 | = | 0.0% |
| Current assets | 29/58 | €178,072 | €213,903 | +€35,831 | +20.1% |
| Stocks and contracts in progress | 3 | €46,870 | €51,823 | +€4,953 | +10.6% |
| Stocks | 30/36 | €46,870 | €51,823 | +€4,953 | +10.6% |
| Amounts receivable within one year | 40/41 | €13,526 | €23,881 | +€10,356 | +76.6% |
| Trade receivables | 40 | €4,214 | €18,605 | +€14,391 | +341.5% |
| Other amounts receivable | 41 | €9,312 | €5,276 | -€4,036 | -43.3% |
| Current investments | 50/53 | - | €75,334 | +€75,334 | |
| Cash at bank and in hand | 54/58 | €104,669 | €53,285 | -€51,384 | -49.1% |
| Deferred charges and accrued income | 490/1 | €13,007 | €9,580 | -€3,427 | -26.3% |
| Total equity and liabilities | 10/49 | €285,428 | €289,568 | +€4,140 | +1.5% |
| Equity | 10/15 | €231,139 | €244,120 | +€12,980 | +5.6% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €140,397 | €132,242 | -€8,154 | -5.8% |
| Non-distributable reserves | 130/1 | €4,360 | €4,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,360 | €4,360 | = | 0.0% |
| Distributable reserves | 133 | €136,037 | €127,882 | -€8,154 | -6.0% |
| Profit (loss) carried forward | 14 | €47,143 | €68,277 | +€21,135 | +44.8% |
| Amounts payable | 17/49 | €54,288 | €45,448 | -€8,840 | -16.3% |
| Amounts payable within one year | 42/48 | €53,221 | €44,919 | -€8,302 | -15.6% |
| Trade debts | 44 | €14,486 | €23,716 | +€9,229 | +63.7% |
| Suppliers | 440/4 | €14,486 | €23,716 | +€9,229 | +63.7% |
| Taxes, remuneration and social security | 45 | €13,885 | €13,557 | -€327 | -2.4% |
| Taxes | 450/3 | €3,917 | €2,614 | -€1,302 | -33.3% |
| Remuneration and social security | 454/9 | €9,968 | €10,943 | +€975 | +9.8% |
| Other amounts payable | 47/48 | €24,850 | €7,646 | -€17,204 | -69.2% |
| Accrued charges and deferred income | 492/3 | €1,067 | €529 | -€538 | -50.4% |
| Remuneration, social security and pensions | 62 | €99,301 | €80,811 | -€18,490 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,711 | €35,191 | -€1,520 | -4.1% |
| Other operating charges | 640/8 | €8,333 | €7,462 | -€871 | -10.5% |
| Gross operating margin | 9900 | €184,561 | €144,076 | -€40,485 | -21.9% |
| Operating profit (loss) | 9901 | €40,216 | €20,612 | -€19,604 | -48.7% |
| Financial income | 75/76B | €0 | €477 | +€477 | +530311.1% |
| Recurring financial income | 75 | €0 | €477 | +€477 | +530311.1% |
| Financial charges | 65/66B | €1,960 | €1,445 | -€515 | -26.3% |
| Recurring financial charges | 65 | €1,960 | €1,445 | -€515 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €38,255 | €19,644 | -€18,612 | -48.7% |
| Income taxes | 67/77 | €12,784 | €6,664 | -€6,121 | -47.9% |
| Profit (loss) for the period | 9904 | €25,471 | €12,980 | -€12,491 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,471 | €12,980 | -€12,491 | -49.0% |
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 2 October 2026 via checked.be.