PatVO Consult: 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.
PatVO Consult
Largest movements
- Current investments +€24,000
up €24,000 (+18.5%), from €129,959 to €153,959
- Cash +€22,363
up €22,363 (+72.5%), from €30,836 to €53,199
mainly Net result for the year (+€61,259) and Other debts (+€57,664)
- Tangible fixed assets -€15,940
down €15,940 (-12.7%), from €125,033 to €109,092
of which Furniture and vehicles: -€9,436
- Deferred charges and accrued income +€5,815
up €5,815 (+149%), from €3,897 to €9,712
- Receivables within one year +€5,695
up €5,695 (+7.1%), from €80,166 to €85,861
of which Trade receivables: +€4,717
- Other debts +€57,664
up €57,664 (+47.5%), from €121,422 to €179,086
- Debts after one year -€17,391
down €17,391 (-47.6%), from €36,572 to €19,181
- Current portion of long-term debt -€5,292
down €5,292 (-23.3%), from €22,682 to €17,391
- Reserves +€4,169
up €4,169 (+2.4%), from €172,199 to €176,368
- Gross operating margin +€15,121
up €15,121 (+14.8%), from €102,422 to €117,544
- Financial income +€1,746
up €1,746 (+67.0%), from €2,607 to €4,353
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 | €369,890 | €411,823 | +€41,932 | +11.3% |
| Fixed assets | 21/28 | €125,033 | €109,092 | -€15,940 | -12.7% |
| Tangible fixed assets | 22/27 | €125,033 | €109,092 | -€15,940 | -12.7% |
| Land and buildings | 22 | €70,604 | €64,178 | -€6,426 | -9.1% |
| Plant, machinery and equipment | 23 | €770 | €692 | -€78 | -10.1% |
| Furniture and vehicles | 24 | €53,658 | €44,222 | -€9,436 | -17.6% |
| Current assets | 29/58 | €244,858 | €302,730 | +€57,873 | +23.6% |
| Amounts receivable within one year | 40/41 | €80,166 | €85,861 | +€5,695 | +7.1% |
| Trade receivables | 40 | €80,166 | €84,883 | +€4,717 | +5.9% |
| Other amounts receivable | 41 | €0 | €978 | +€978 | |
| Current investments | 50/53 | €129,959 | €153,959 | +€24,000 | +18.5% |
| Cash at bank and in hand | 54/58 | €30,836 | €53,199 | +€22,363 | +72.5% |
| Deferred charges and accrued income | 490/1 | €3,897 | €9,712 | +€5,815 | +149% |
| Total equity and liabilities | 10/49 | €369,890 | €411,823 | +€41,932 | +11.3% |
| Equity | 10/15 | €172,199 | €176,368 | +€4,169 | +2.4% |
| Reserves | 13 | €172,199 | €176,368 | +€4,169 | +2.4% |
| Distributable reserves | 133 | €172,199 | €176,368 | +€4,169 | +2.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €197,691 | €235,455 | +€37,764 | +19.1% |
| Amounts payable after more than one year | 17 | €36,572 | €19,181 | -€17,391 | -47.6% |
| Financial debts | 170/4 | €36,572 | €19,181 | -€17,391 | -47.6% |
| Amounts payable within one year | 42/48 | €160,012 | €213,893 | +€53,881 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €22,682 | €17,391 | -€5,292 | -23.3% |
| Trade debts | 44 | €2,462 | €1,767 | -€695 | -28.2% |
| Suppliers | 440/4 | €2,462 | €1,767 | -€695 | -28.2% |
| Taxes, remuneration and social security | 45 | €13,446 | €15,649 | +€2,203 | +16.4% |
| Taxes | 450/3 | €13,446 | €15,649 | +€2,203 | +16.4% |
| Other amounts payable | 47/48 | €121,422 | €179,086 | +€57,664 | +47.5% |
| Accrued charges and deferred income | 492/3 | €1,107 | €2,381 | +€1,274 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,527 | €22,705 | +€178 | +0.8% |
| Other operating charges | 640/8 | €1,035 | €1,042 | +€8 | +0.7% |
| Gross operating margin | 9900 | €102,422 | €117,544 | +€15,121 | +14.8% |
| Operating profit (loss) | 9901 | €78,861 | €93,796 | +€14,935 | +18.9% |
| Financial income | 75/76B | €2,607 | €4,353 | +€1,746 | +67.0% |
| Recurring financial income | 75 | €2,607 | €4,353 | +€1,746 | +67.0% |
| Financial charges | 65/66B | €10,980 | €10,454 | -€525 | -4.8% |
| Recurring financial charges | 65 | €10,980 | €10,454 | -€525 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €70,488 | €87,695 | +€17,207 | +24.4% |
| Income taxes | 67/77 | €25,889 | €26,436 | +€547 | +2.1% |
| Profit (loss) for the period | 9904 | €44,599 | €61,259 | +€16,660 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,599 | €61,259 | +€16,660 | +37.4% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.