PATSY COACH: 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.
PATSY COACH
Largest movements
- Tangible fixed assets -€258,874
down €258,874 (-25.2%), from €1.0m to €769,192
of which Furniture and vehicles: -€259,429
- Cash +€232,394
up €232,394 (+27.4%), from €849,618 to €1.1m
mainly Net result for the year (+€316,592) and Depreciation (+€260,163)
- Profit (loss) carried forward +€316,592
up €316,592 (+41.8%), from €756,724 to €1.1m
- Current portion of long-term debt -€214,539
down €214,539 (-54.7%), from €391,992 to €177,453
- Debts after one year -€155,400
down €155,400 (-33.5%), from €464,378 to €308,979
- Tax, wage and social debts +€59,003
up €59,003 (+74.0%), from €79,693 to €138,696
of which Taxes: +€57,274
- Other debts -€50,029
down €50,029 (-94.2%), from €53,125 to €3,096
- Gross operating margin -€175,675
down €175,675 (-9.4%), from €1.9m to €1.7m
- Depreciation -€48,060
down €48,060 (-15.6%), from €308,223 to €260,163
- Taxes -€37,186
down €37,186 (-23.6%), from €157,414 to €120,228
- Staff costs +€35,372
up €35,372 (+4.4%), from €805,298 to €840,670
- Financial charges -€24,501
down €24,501 (-42.2%), from €58,049 to €33,548
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 | €2,093,965 | €2,079,013 | -€14,952 | -0.7% |
| Fixed assets | 21/28 | €1,038,338 | €778,732 | -€259,606 | -25.0% |
| Tangible fixed assets | 22/27 | €1,028,066 | €769,192 | -€258,874 | -25.2% |
| Plant, machinery and equipment | 23 | €0 | €4,949 | +€4,949 | |
| Furniture and vehicles | 24 | €1,023,672 | €764,243 | -€259,429 | -25.3% |
| Leasing and similar rights | 25 | €4,393 | €0 | -€4,393 | -100.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €10,272 | €9,539 | -€732 | -7.1% |
| Current assets | 29/58 | €1,055,628 | €1,300,281 | +€244,654 | +23.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €150,747 | €160,281 | +€9,534 | +6.3% |
| Trade receivables | 40 | €125,674 | €135,034 | +€9,360 | +7.4% |
| Other amounts receivable | 41 | €25,072 | €25,247 | +€174 | +0.7% |
| Current investments | 50/53 | €51,500 | €51,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €849,618 | €1,082,012 | +€232,394 | +27.4% |
| Deferred charges and accrued income | 490/1 | €3,763 | €6,489 | +€2,726 | +72.4% |
| Total equity and liabilities | 10/49 | €2,093,965 | €2,079,013 | -€14,952 | -0.7% |
| Equity | 10/15 | €1,037,022 | €1,353,614 | +€316,592 | +30.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €261,748 | €261,748 | = | 0.0% |
| Tax-exempt reserves | 132 | €260,204 | €260,204 | = | 0.0% |
| Distributable reserves | 133 | €1,545 | €1,545 | = | 0.0% |
| Profit (loss) carried forward | 14 | €756,724 | €1,073,316 | +€316,592 | +41.8% |
| Amounts payable | 17/49 | €1,056,943 | €725,399 | -€331,544 | -31.4% |
| Amounts payable after more than one year | 17 | €464,378 | €308,979 | -€155,400 | -33.5% |
| Financial debts | 170/4 | €464,378 | €308,979 | -€155,400 | -33.5% |
| Amounts payable within one year | 42/48 | €592,565 | €416,420 | -€176,145 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €391,992 | €177,453 | -€214,539 | -54.7% |
| Trade debts | 44 | €67,754 | €93,960 | +€26,205 | +38.7% |
| Suppliers | 440/4 | €67,754 | €93,960 | +€26,205 | +38.7% |
| Advances received on contracts in progress | 46 | €0 | €3,215 | +€3,215 | |
| Taxes, remuneration and social security | 45 | €79,693 | €138,696 | +€59,003 | +74.0% |
| Taxes | 450/3 | €28,862 | €86,136 | +€57,274 | +198.4% |
| Remuneration and social security | 454/9 | €50,831 | €52,561 | +€1,729 | +3.4% |
| Other amounts payable | 47/48 | €53,125 | €3,096 | -€50,029 | -94.2% |
| Remuneration, social security and pensions | 62 | €805,298 | €840,670 | +€35,372 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308,223 | €260,163 | -€48,060 | -15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €650 | €0 | -€650 | -100.0% |
| Other operating charges | 640/8 | €10,493 | €8,097 | -€2,395 | -22.8% |
| Non-recurring operating charges | 66A | - | €127,000 | +€127,000 | |
| Gross operating margin | 9900 | €1,875,096 | €1,699,421 | -€175,675 | -9.4% |
| Operating profit (loss) | 9901 | €750,432 | €463,491 | -€286,941 | -38.2% |
| Financial income | 75/76B | €9,899 | €6,877 | -€3,022 | -30.5% |
| Recurring financial income | 75 | €9,899 | €6,877 | -€3,022 | -30.5% |
| Financial charges | 65/66B | €58,049 | €33,548 | -€24,501 | -42.2% |
| Recurring financial charges | 65 | €58,049 | €33,548 | -€24,501 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €702,281 | €436,820 | -€265,462 | -37.8% |
| Income taxes | 67/77 | €157,414 | €120,228 | -€37,186 | -23.6% |
| Profit (loss) for the period | 9904 | €544,867 | €316,592 | -€228,275 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €544,867 | €316,592 | -€228,275 | -41.9% |
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.