PATTANGUY: 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.
PATTANGUY
Largest movements
- Tangible fixed assets +€72,115
up €72,115 (+4.1%), from €1.7m to €1.8m
of which Land and buildings: +€97,730
- Cash +€23,481
up €23,481 (+40.9%), from €57,469 to €80,950
mainly Net result for the year (+€202,293) and Depreciation (+€200,927)
- Current investments +€20,000
new in 2025: €20,000
- Reserves +€235,034
up €235,034 (+101%), from €232,734 to €467,768
of which Tax-exempt reserves: +€235,034
- Other debts -€123,614
down €123,614 (-12.4%), from €998,914 to €875,299
- Provisions +€78,345
up €78,345 (+228%), from €34,376 to €112,721
- Current portion of long-term debt -€34,747
down €34,747 (-48.5%), from €71,638 to €36,891
- Profit (loss) carried forward -€32,741
down €32,741 (-24.2%), from €135,301 to €102,559
- Gross operating margin +€272,559
up €272,559 (+122%), from €224,030 to €496,589
- Depreciation +€14,923
up €14,923 (+8.0%), from €186,004 to €200,927
- Financial income +€12,292
up €12,292 (+1,528%), from €805 to €13,096
- Taxes -€5,054
down €5,054, from €4,518 to -€536
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 | €1,862,438 | €1,958,586 | +€96,148 | +5.2% |
| Fixed assets | 21/28 | €1,748,885 | €1,821,001 | +€72,115 | +4.1% |
| Tangible fixed assets | 22/27 | €1,748,749 | €1,820,864 | +€72,115 | +4.1% |
| Land and buildings | 22 | €1,676,975 | €1,774,705 | +€97,730 | +5.8% |
| Plant, machinery and equipment | 23 | €36,765 | €14,162 | -€22,603 | -61.5% |
| Furniture and vehicles | 24 | €35,009 | €31,998 | -€3,011 | -8.6% |
| Financial fixed assets | 28 | €136 | €136 | +€0 | +0.1% |
| Current assets | 29/58 | €113,553 | €137,585 | +€24,032 | +21.2% |
| Amounts receivable after more than one year | 29 | €15,253 | €4,362 | -€10,891 | -71.4% |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | €15,253 | €4,362 | -€10,891 | -71.4% |
| Amounts receivable within one year | 40/41 | €40,480 | €31,922 | -€8,557 | -21.1% |
| Other amounts receivable | 41 | €40,480 | €31,922 | -€8,557 | -21.1% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €57,469 | €80,950 | +€23,481 | +40.9% |
| Deferred charges and accrued income | 490/1 | €350 | €350 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,862,438 | €1,958,586 | +€96,148 | +5.2% |
| Equity | 10/15 | €442,403 | €644,696 | +€202,293 | +45.7% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €232,734 | €467,768 | +€235,034 | +101% |
| Non-distributable reserves | 130/1 | €7,437 | €129,604 | +€122,168 | +1,643% |
| Legal reserve | 130 | €7,437 | €129,604 | +€122,168 | +1,643% |
| Tax-exempt reserves | 132 | €103,129 | €338,164 | +€235,034 | +228% |
| Distributable reserves | 133 | €122,168 | - | -€122,168 | |
| Profit (loss) carried forward | 14 | €135,301 | €102,559 | -€32,741 | -24.2% |
| Provisions and deferred taxes | 16 | €34,376 | €112,721 | +€78,345 | +228% |
| Deferred taxes | 168 | €34,376 | €112,721 | +€78,345 | +228% |
| Amounts payable | 17/49 | €1,385,659 | €1,201,168 | -€184,490 | -13.3% |
| Amounts payable after more than one year | 17 | €314,502 | €283,006 | -€31,496 | -10.0% |
| Financial debts | 170/4 | €310,784 | €279,288 | -€31,496 | -10.1% |
| Other amounts payable | 178/9 | €3,718 | €3,718 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,071,157 | €914,155 | -€157,002 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €71,638 | €36,891 | -€34,747 | -48.5% |
| Trade debts | 44 | €606 | €1,965 | +€1,359 | +224% |
| Suppliers | 440/4 | €606 | €1,965 | +€1,359 | +224% |
| Other amounts payable | 47/48 | €998,914 | €875,299 | -€123,614 | -12.4% |
| Accrued charges and deferred income | 492/3 | - | €4,008 | +€4,008 | |
| Non-recurring operating income | 76A | - | €322,253 | +€322,253 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,004 | €200,927 | +€14,923 | +8.0% |
| Other operating charges | 640/8 | €13,788 | €14,299 | +€511 | +3.7% |
| Gross operating margin | 9900 | €224,030 | €496,589 | +€272,559 | +122% |
| Operating profit (loss) | 9901 | €24,238 | €281,364 | +€257,126 | +1,061% |
| Financial income | 75/76B | €805 | €13,096 | +€12,292 | +1,528% |
| Recurring financial income | 75 | €805 | €13,096 | +€12,292 | +1,528% |
| Financial charges | 65/66B | €13,231 | €14,357 | +€1,126 | +8.5% |
| Recurring financial charges | 65 | €13,231 | €14,357 | +€1,126 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €11,811 | €280,102 | +€268,291 | +2,271% |
| Transfer from deferred taxes | 780 | €2,388 | €2,218 | -€170 | -7.1% |
| Transfer to deferred taxes | 680 | - | €80,563 | +€80,563 | |
| Income taxes | 67/77 | €4,518 | -€536 | -€5,054 | |
| Profit (loss) for the period | 9904 | €9,682 | €202,293 | +€192,612 | +1,989% |
| Transfer from tax-exempt reserves | 789 | - | €6,655 | +€6,655 | |
| Transfer to tax-exempt reserves | 689 | - | €241,690 | +€241,690 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,682 | -€32,741 | -€42,423 |
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 30 October 2026 via checked.be.