PATSHE: 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.
PATSHE
Largest movements
- Current investments +€164,896
up €164,896 (+72.1%), from €228,736 to €393,632
- Cash +€52,910
up €52,910 (+651%), from €8,132 to €61,042
mainly Net result for the year (+€163,026) and Tax, wage and social debts (+€58,107)
- Tangible fixed assets -€16,959
down €16,959 (-17.8%), from €95,464 to €78,505
of which Furniture and vehicles: -€18,543
- Reserves +€163,026
up €163,026 (+58.3%), from €279,673 to €442,699
- Tax, wage and social debts +€58,107
up €58,107 (+90.1%), from €64,477 to €122,583
- Other debts -€16,800
down €16,800 (-100%), from €16,800 to €0
- Gross operating margin +€25,817
up €25,817 (+12.6%), from €204,588 to €230,404
- Depreciation +€17,378
up €17,378 (+669%), from €2,596 to €19,975
- Taxes +€2,695
up €2,695 (+5.8%), from €46,801 to €49,497
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 | €372,999 | €579,311 | +€206,312 | +55.3% |
| Fixed assets | 21/28 | €95,464 | €78,505 | -€16,959 | -17.8% |
| Tangible fixed assets | 22/27 | €95,464 | €78,505 | -€16,959 | -17.8% |
| Furniture and vehicles | 24 | €91,326 | €72,784 | -€18,543 | -20.3% |
| Other tangible fixed assets | 26 | €4,138 | €5,721 | +€1,584 | +38.3% |
| Current assets | 29/58 | €277,535 | €500,806 | +€223,271 | +80.4% |
| Amounts receivable within one year | 40/41 | €39,073 | €42,799 | +€3,726 | +9.5% |
| Trade receivables | 40 | €38,978 | €41,776 | +€2,798 | +7.2% |
| Other amounts receivable | 41 | €95 | €1,024 | +€929 | +977% |
| Current investments | 50/53 | €228,736 | €393,632 | +€164,896 | +72.1% |
| Cash at bank and in hand | 54/58 | €8,132 | €61,042 | +€52,910 | +651% |
| Deferred charges and accrued income | 490/1 | €1,594 | €3,333 | +€1,738 | +109% |
| Total equity and liabilities | 10/49 | €372,999 | €579,311 | +€206,312 | +55.3% |
| Equity | 10/15 | €289,673 | €452,699 | +€163,026 | +56.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €279,673 | €442,699 | +€163,026 | +58.3% |
| Distributable reserves | 133 | €279,673 | €442,699 | +€163,026 | +58.3% |
| Amounts payable | 17/49 | €83,326 | €126,612 | +€43,286 | +51.9% |
| Amounts payable within one year | 42/48 | €83,326 | €126,612 | +€43,286 | +51.9% |
| Trade debts | 44 | €2,050 | €4,029 | +€1,979 | +96.6% |
| Suppliers | 440/4 | €2,050 | €4,029 | +€1,979 | +96.6% |
| Taxes, remuneration and social security | 45 | €64,477 | €122,583 | +€58,107 | +90.1% |
| Taxes | 450/3 | €64,477 | €122,583 | +€58,107 | +90.1% |
| Other amounts payable | 47/48 | €16,800 | €0 | -€16,800 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,596 | €19,975 | +€17,378 | +669% |
| Other operating charges | 640/8 | €513 | €528 | +€15 | +3.0% |
| Gross operating margin | 9900 | €204,588 | €230,404 | +€25,817 | +12.6% |
| Operating profit (loss) | 9901 | €201,479 | €209,902 | +€8,423 | +4.2% |
| Financial income | 75/76B | €3,039 | €3,546 | +€507 | +16.7% |
| Recurring financial income | 75 | €3,039 | €3,546 | +€507 | +16.7% |
| Financial charges | 65/66B | €625 | €925 | +€300 | +48.0% |
| Recurring financial charges | 65 | €625 | €925 | +€300 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €203,892 | €212,523 | +€8,630 | +4.2% |
| Income taxes | 67/77 | €46,801 | €49,497 | +€2,695 | +5.8% |
| Profit (loss) for the period | 9904 | €157,091 | €163,026 | +€5,935 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €157,091 | €163,026 | +€5,935 | +3.8% |
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 14 October 2026 via checked.be.