PATTON: 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.
PATTON
Largest movements
- Receivables within one year +€1.4m
new in 2025: €1.4m
- Stocks and contracts -€479,054
down €479,054 (-28.6%), from €1.7m to €1.2m
- Current investments -€150,000
down €150,000 (-15.8%), from €950,000 to €800,000
- Cash -€103,297
down €103,297 (-91.3%), from €113,163 to €9,866
mainly Receivables within one year (-€1.4m) and Debts after one year (-€148,223)
- Tangible fixed assets -€53,639
down €53,639 (-2.7%), from €2.0m to €1.9m
- Reserves +€709,899
up €709,899 (+28.2%), from €2.5m to €3.2m
- Debts after one year -€148,223
down €148,223 (-8.6%), from €1.7m to €1.6m
- Gross operating margin +€474,912
up €474,912 (+73.0%), from €650,763 to €1.1m
- Taxes +€154,595
up €154,595 (+85.0%), from €181,933 to €336,528
- Other operating charges +€19,446
up €19,446 (+509%), from €3,819 to €23,264
- Financial income +€17,519
new in 2025: €17,519
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 | €4,740,533 | €5,314,356 | +€573,822 | +12.1% |
| Fixed assets | 21/28 | €2,000,797 | €1,947,158 | -€53,639 | -2.7% |
| Tangible fixed assets | 22/27 | €2,000,797 | €1,947,158 | -€53,639 | -2.7% |
| Land and buildings | 22 | €2,000,797 | €1,947,158 | -€53,639 | -2.7% |
| Current assets | 29/58 | €2,739,736 | €3,367,197 | +€627,461 | +22.9% |
| Stocks and contracts in progress | 3 | €1,676,573 | €1,197,519 | -€479,054 | -28.6% |
| Stocks | 30/36 | €1,676,573 | €1,197,519 | -€479,054 | -28.6% |
| Amounts receivable within one year | 40/41 | - | €1,359,813 | +€1.4m | |
| Other amounts receivable | 41 | - | €1,359,813 | +€1.4m | |
| Current investments | 50/53 | €950,000 | €800,000 | -€150,000 | -15.8% |
| Cash at bank and in hand | 54/58 | €113,163 | €9,866 | -€103,297 | -91.3% |
| Total equity and liabilities | 10/49 | €4,740,533 | €5,314,356 | +€573,822 | +12.1% |
| Equity | 10/15 | €2,769,899 | €3,479,798 | +€709,899 | +25.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €2,519,899 | €3,229,798 | +€709,899 | +28.2% |
| Distributable reserves | 133 | €2,519,899 | €3,229,798 | +€709,899 | +28.2% |
| Amounts payable | 17/49 | €1,970,635 | €1,834,558 | -€136,076 | -6.9% |
| Amounts payable after more than one year | 17 | €1,723,125 | €1,574,902 | -€148,223 | -8.6% |
| Financial debts | 170/4 | €1,723,125 | €1,574,902 | -€148,223 | -8.6% |
| Amounts payable within one year | 42/48 | €247,509 | €259,656 | +€12,147 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €146,610 | €148,223 | +€1,613 | +1.1% |
| Trade debts | 44 | €45,395 | €45,161 | -€235 | -0.5% |
| Suppliers | 440/4 | €45,395 | €45,161 | -€235 | -0.5% |
| Taxes, remuneration and social security | 45 | €55,504 | €66,272 | +€10,768 | +19.4% |
| Taxes | 450/3 | €55,504 | €66,272 | +€10,768 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,639 | €53,639 | = | 0.0% |
| Other operating charges | 640/8 | €3,819 | €23,264 | +€19,446 | +509% |
| Gross operating margin | 9900 | €650,763 | €1,125,675 | +€474,912 | +73.0% |
| Operating profit (loss) | 9901 | €593,305 | €1,048,772 | +€455,466 | +76.8% |
| Financial income | 75/76B | - | €17,519 | +€17,519 | |
| Recurring financial income | 75 | - | €17,519 | +€17,519 | |
| Financial charges | 65/66B | €21,515 | €19,864 | -€1,651 | -7.7% |
| Recurring financial charges | 65 | €21,515 | €19,864 | -€1,651 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €571,791 | €1,046,427 | +€474,636 | +83.0% |
| Income taxes | 67/77 | €181,933 | €336,528 | +€154,595 | +85.0% |
| Profit (loss) for the period | 9904 | €389,857 | €709,899 | +€320,042 | +82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €389,857 | €709,899 | +€320,042 | +82.1% |
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 17 October 2026 via checked.be.