PATRICK VDB: 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.
What changed
PATRICK VDB
NACE 69.203, Activities of company auditors
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€176,106
2024 · €210,702-€34,596
Equity
€1.8m
2024 · €1.7m+€176,106
Cash
€313,337
2024 · €145,031+€168,306
Balance sheet total
€4.1m
2024 · €3.7m+€345,010
Largest movements
Assets
- Receivables within one year +€183,820
up €183,820 (+271.5%), from €67,703 to €251,523
of which Other amounts receivable: +€200,000
- Cash +€168,306
up €168,306 (+116.0%), from €145,031 to €313,337
mainly Depreciation (+€230,510) and Net result for the year (+€176,106)
Equity and liabilities
- Reserves +€176,106
up €176,106 (+10.8%), from €1.6m to €1.8m
- Debts after one year +€103,377
up €103,377 (+6.7%), from €1.6m to €1.7m
of which Financial debts: +€103,377
- Current portion of long-term debt +€67,308
up €67,308 (+30.8%), from €218,204 to €285,512
Income statement
- Turnover -€24,000
down €24,000 (-5.4%), from €444,000 to €420,000
- Depreciation +€19,209
up €19,209 (+9.1%), from €211,301 to €230,510
- Services and other goods -€9,603
down €9,603 (-5.7%), from €169,489 to €159,886
- Taxes -€9,262
down €9,262 (-13.4%), from €68,890 to €59,629
of which Taxes: -€9,321
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.
Result 2024
€210,702
Turnover
-€24,000
Other operating income
-€3,784
Services and other goods
+€9,603
Depreciation
-€19,209
Other operating charges
-€525
Other operating items
-€4,600
Financial income
+€1
Financial charges
-€1,342
Taxes
+€9,262
Result 2025
€176,106
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.
From operations
+€218,529
Investment
-€220,908
Financing
+€170,685
Cash 2024
€145,031
From operations (derived)
+€218,529
Net result for the year
+€176,106
Depreciation
+€230,510
Receivables within one year
-€183,820
Deferred charges and accrued income
-€2,485
Trade debts
+€7,087
Tax, wage and social debts
-€4,438
Other debts
-€5,021
Accrued charges and deferred income
+€590
Investment (derived)
-€220,908
Investment in fixed assets (net)
-€220,908
Financing
+€170,685
Debts after one year
+€103,377
Current portion of long-term debt
+€67,308
Cash 2025
€313,337
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,706,989 | €4,051,998 | +€345,010 | +9.3% |
| Fixed assets | 21/28 | €3,482,681 | €3,473,078 | -€9,603 | -0.3% |
| Tangible fixed assets | 22/27 | €3,482,681 | €3,470,578 | -€12,103 | -0.3% |
| Land and buildings | 22 | €3,362,053 | €3,372,866 | +€10,813 | +0.3% |
| Furniture and vehicles | 24 | €120,627 | €97,712 | -€22,916 | -19.0% |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Other financial fixed assets | 284/8 | - | €2,500 | +€2,500 | |
| Amounts receivable and cash guarantees | 285/8 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €224,308 | €578,920 | +€354,612 | +158.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €67,703 | €251,523 | +€183,820 | +271.5% |
| Trade receivables | 40 | €67,703 | €51,523 | -€16,180 | -23.9% |
| Other amounts receivable | 41 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €145,031 | €313,337 | +€168,306 | +116.0% |
| Deferred charges and accrued income | 490/1 | €11,574 | €14,059 | +€2,485 | +21.5% |
| Total equity and liabilities | 10/49 | €3,706,989 | €4,051,998 | +€345,010 | +9.3% |
| Equity | 10/15 | €1,652,944 | €1,829,050 | +€176,106 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,634,344 | €1,810,450 | +€176,106 | +10.8% |
| Distributable reserves | 133 | €1,634,344 | €1,810,450 | +€176,106 | +10.8% |
| Amounts payable | 17/49 | €2,054,045 | €2,222,948 | +€168,903 | +8.2% |
| Amounts payable after more than one year | 17 | €1,553,259 | €1,656,636 | +€103,377 | +6.7% |
| Financial debts | 170/4 | €1,545,009 | €1,648,386 | +€103,377 | +6.7% |
| Subordinated loans | 170 | €700,000 | €700,000 | = | 0.0% |
| Credit institutions | 173 | €845,009 | €948,386 | +€103,377 | +12.2% |
| Other amounts payable | 178/9 | €8,250 | €8,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €474,657 | €539,594 | +€64,937 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €218,204 | €285,512 | +€67,308 | +30.8% |
| Trade debts | 44 | €2,103 | €9,190 | +€7,087 | +337.1% |
| Suppliers | 440/4 | €2,103 | €9,190 | +€7,087 | +337.1% |
| Taxes, remuneration and social security | 45 | €54,229 | €49,791 | -€4,438 | -8.2% |
| Taxes | 450/3 | €50,044 | €45,606 | -€4,438 | -8.9% |
| Remuneration and social security | 454/9 | €4,185 | €4,185 | = | 0.0% |
| Other amounts payable | 47/48 | €200,122 | €195,100 | -€5,021 | -2.5% |
| Accrued charges and deferred income | 492/3 | €26,129 | €26,719 | +€590 | +2.3% |
| Operating income | 70/76A | €743,480 | €711,096 | -€32,384 | -4.4% |
| Turnover | 70 | €444,000 | €420,000 | -€24,000 | -5.4% |
| Other operating income | 74 | €294,880 | €291,096 | -€3,784 | -1.3% |
| Non-recurring operating income | 76A | €4,600 | €0 | -€4,600 | -100.0% |
| Operating charges | 60/66A | €413,759 | €423,890 | +€10,131 | +2.4% |
| Services and other goods | 61 | €169,489 | €159,886 | -€9,603 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211,301 | €230,510 | +€19,209 | +9.1% |
| Other operating charges | 640/8 | €32,970 | €33,494 | +€525 | +1.6% |
| Operating profit (loss) | 9901 | €329,721 | €287,206 | -€42,515 | -12.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Other financial income | 752/9 | - | €1 | +€1 | |
| Financial charges | 65/66B | €50,129 | €51,472 | +€1,342 | +2.7% |
| Recurring financial charges | 65 | €50,129 | €51,472 | +€1,342 | +2.7% |
| Debt charges | 650 | €49,427 | €49,931 | +€504 | +1.0% |
| Other financial charges | 652/9 | €702 | €1,541 | +€839 | +119.5% |
| Profit (loss) for the period before taxes | 9903 | €279,592 | €235,735 | -€43,857 | -15.7% |
| Income taxes | 67/77 | €68,890 | €59,629 | -€9,262 | -13.4% |
| Taxes | 670/3 | €68,950 | €59,629 | -€9,321 | -13.5% |
| Tax adjustments and reversals of tax provisions | 77 | €60 | €0 | -€60 | -100.0% |
| Profit (loss) for the period | 9904 | €210,702 | €176,106 | -€34,596 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €210,702 | €176,106 | -€34,596 | -16.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.