PATS: 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.
PATS
Largest movements
- Current investments +€216,164
up €216,164 (+14.0%), from €1.5m to €1.8m
- Cash +€151,322
up €151,322 (+43.2%), from €349,955 to €501,277
mainly Net result for the year (+€320,543) and Depreciation (+€69,911)
- Tangible fixed assets -€69,911
down €69,911 (-5.1%), from €1.4m to €1.3m
of which Land and buildings: -€67,934
- Reserves +€320,543
up €320,543 (+11.5%), from €2.8m to €3.1m
of which Distributable reserves: +€323,378
- Financial income +€24,908
up €24,908 (+52.3%), from €47,621 to €72,528
- Gross operating margin +€24,191
up €24,191 (+4.9%), from €493,822 to €518,013
- Taxes +€21,445
up €21,445 (+15.5%), from €138,309 to €159,754
- Financial charges -€6,568
down €6,568 (-15.4%), from €42,520 to €35,953
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 | €3,346,996 | €3,647,371 | +€300,375 | +9.0% |
| Fixed assets | 21/28 | €1,376,661 | €1,306,749 | -€69,911 | -5.1% |
| Tangible fixed assets | 22/27 | €1,376,661 | €1,306,749 | -€69,911 | -5.1% |
| Land and buildings | 22 | €1,372,465 | €1,304,530 | -€67,934 | -4.9% |
| Plant, machinery and equipment | 23 | €206 | €0 | -€206 | -100.0% |
| Furniture and vehicles | 24 | €3,990 | €2,219 | -€1,771 | -44.4% |
| Current assets | 29/58 | €1,970,336 | €2,340,622 | +€370,286 | +18.8% |
| Amounts receivable within one year | 40/41 | €1,311 | €147 | -€1,165 | -88.8% |
| Trade receivables | 40 | €1,305 | €0 | -€1,305 | -100.0% |
| Other amounts receivable | 41 | €6 | €147 | +€141 | +2319.8% |
| Current investments | 50/53 | €1,544,712 | €1,760,877 | +€216,164 | +14.0% |
| Cash at bank and in hand | 54/58 | €349,955 | €501,277 | +€151,322 | +43.2% |
| Deferred charges and accrued income | 490/1 | €74,357 | €78,322 | +€3,965 | +5.3% |
| Total equity and liabilities | 10/49 | €3,346,996 | €3,647,371 | +€300,375 | +9.0% |
| Equity | 10/15 | €2,815,948 | €3,136,492 | +€320,543 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,797,348 | €3,117,892 | +€320,543 | +11.5% |
| Tax-exempt reserves | 132 | €53,852 | €51,017 | -€2,834 | -5.3% |
| Distributable reserves | 133 | €2,743,497 | €3,066,875 | +€323,378 | +11.8% |
| Provisions and deferred taxes | 16 | €42,729 | €41,270 | -€1,459 | -3.4% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €15,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €15,000 | €15,000 | = | 0.0% |
| Deferred taxes | 168 | €27,729 | €26,270 | -€1,459 | -5.3% |
| Amounts payable | 17/49 | €488,318 | €469,609 | -€18,709 | -3.8% |
| Amounts payable within one year | 42/48 | €426,280 | €407,154 | -€19,126 | -4.5% |
| Trade debts | 44 | €4,706 | €5,201 | +€495 | +10.5% |
| Suppliers | 440/4 | €4,706 | €5,201 | +€495 | +10.5% |
| Taxes, remuneration and social security | 45 | €18,776 | €18,744 | -€31 | -0.2% |
| Taxes | 450/3 | €18,776 | €18,744 | -€31 | -0.2% |
| Other amounts payable | 47/48 | €402,799 | €383,209 | -€19,590 | -4.9% |
| Accrued charges and deferred income | 492/3 | €62,038 | €62,455 | +€417 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,013 | €69,911 | -€1,102 | -1.6% |
| Other operating charges | 640/8 | €6,940 | €5,839 | -€1,101 | -15.9% |
| Gross operating margin | 9900 | €493,822 | €518,013 | +€24,191 | +4.9% |
| Operating profit (loss) | 9901 | €415,869 | €442,263 | +€26,393 | +6.3% |
| Financial income | 75/76B | €47,621 | €72,528 | +€24,908 | +52.3% |
| Recurring financial income | 75 | €47,621 | €72,528 | +€24,908 | +52.3% |
| Financial charges | 65/66B | €42,520 | €35,953 | -€6,568 | -15.4% |
| Recurring financial charges | 65 | €42,520 | €35,953 | -€6,568 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €420,970 | €478,838 | +€57,868 | +13.7% |
| Transfer from deferred taxes | 780 | €1,459 | €1,459 | = | 0.0% |
| Income taxes | 67/77 | €138,309 | €159,754 | +€21,445 | +15.5% |
| Profit (loss) for the period | 9904 | €284,120 | €320,543 | +€36,423 | +12.8% |
| Transfer from tax-exempt reserves | 789 | €2,834 | €2,834 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €286,955 | €323,378 | +€36,423 | +12.7% |
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 30 September 2026 via checked.be.