Patrick & Vasile Construct: 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 & Vasile Construct
Largest movements
- Receivables within one year -€21,037
down €21,037 (-37.6%), from €55,902 to €34,865
of which Trade receivables: -€23,425
- Cash -€9,158
down €9,158 (-66.7%), from €13,732 to €4,574
mainly Trade debts (-€23,245) and Contributions, distributions and other (-€10,000)
- Trade debts -€23,245
down €23,245 (-58.4%), from €39,835 to €16,589
- Other debts -€4,250
down €4,250 (-33.3%), from €12,750 to €8,500
- Reserves -€2,141
down €2,141 (-41.2%), from €5,194 to €3,053
- Gross operating margin -€2,266
down €2,266 (-17.0%), from €13,303 to €11,037
- Taxes -€537
down €537 (-16.0%), from €3,350 to €2,813
- Financial charges -€348
down €348 (-48.8%), from €713 to €365
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 | €72,184 | €41,989 | -€30,195 | -41.8% |
| Fixed assets | 21/28 | €2,550 | €2,550 | = | 0.0% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €69,634 | €39,439 | -€30,195 | -43.4% |
| Amounts receivable within one year | 40/41 | €55,902 | €34,865 | -€21,037 | -37.6% |
| Trade receivables | 40 | €42,600 | €19,175 | -€23,425 | -55.0% |
| Other amounts receivable | 41 | €13,302 | €15,690 | +€2,388 | +18.0% |
| Cash at bank and in hand | 54/58 | €13,732 | €4,574 | -€9,158 | -66.7% |
| Total equity and liabilities | 10/49 | €72,184 | €41,989 | -€30,195 | -41.8% |
| Equity | 10/15 | €11,394 | €9,253 | -€2,141 | -18.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,194 | €3,053 | -€2,141 | -41.2% |
| Distributable reserves | 133 | €5,194 | €3,053 | -€2,141 | -41.2% |
| Amounts payable | 17/49 | €60,790 | €32,736 | -€28,054 | -46.1% |
| Amounts payable within one year | 42/48 | €60,790 | €32,736 | -€28,054 | -46.1% |
| Trade debts | 44 | €39,835 | €16,589 | -€23,245 | -58.4% |
| Suppliers | 440/4 | €39,835 | €16,589 | -€23,245 | -58.4% |
| Taxes, remuneration and social security | 45 | €8,205 | €7,647 | -€558 | -6.8% |
| Taxes | 450/3 | €8,205 | €7,647 | -€558 | -6.8% |
| Other amounts payable | 47/48 | €12,750 | €8,500 | -€4,250 | -33.3% |
| Gross operating margin | 9900 | €13,303 | €11,037 | -€2,266 | -17.0% |
| Operating profit (loss) | 9901 | €13,303 | €11,037 | -€2,266 | -17.0% |
| Financial charges | 65/66B | €713 | €365 | -€348 | -48.8% |
| Recurring financial charges | 65 | €713 | €365 | -€348 | -48.8% |
| Profit (loss) for the period before taxes | 9903 | €12,590 | €10,672 | -€1,918 | -15.2% |
| Income taxes | 67/77 | €3,350 | €2,813 | -€537 | -16.0% |
| Profit (loss) for the period | 9904 | €9,240 | €7,859 | -€1,381 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,240 | €7,859 | -€1,381 | -14.9% |
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 13 October 2026 via checked.be.