PATWARY: 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.
PATWARY
Largest movements
- Receivables within one year +€71,047
up €71,047 (+1,776%), from €4,000 to €75,047
of which Trade receivables: +€74,265
- Stocks and contracts -€8,951
down €8,951 (-19.7%), from €45,356 to €36,405
- Cash +€2,411
new in 2025: €2,411
mainly Trade debts (+€32,461) and Short-term financial debts (+€14,667)
- Trade debts +€32,461
up €32,461 (+8,423%), from €385 to €32,846
- Short-term financial debts +€14,667
up €14,667 (+49.4%), from €29,720 to €44,387
- Tax, wage and social debts +€11,767
up €11,767 (+71.2%), from €16,521 to €28,288
of which Remuneration and social security: +€21,500
- Other debts +€10,446
new in 2025: €10,446
- Profit (loss) carried forward -€4,552
down €4,552 (-18.6%), from -€24,520 to -€29,072
- Gross operating margin -€5,668
down €5,668 (-37.5%), from €15,114 to €9,446
- Financial charges -€879
down €879 (-12.0%), from €7,352 to €6,473
- Depreciation -€282
no longer reported in 2025 (was €282)
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 | €51,806 | €116,595 | +€64,790 | +125% |
| Fixed assets | 21/28 | €2,450 | €2,732 | +€282 | +11.5% |
| Tangible fixed assets | 22/27 | - | €282 | +€282 | |
| Other tangible fixed assets | 26 | - | €282 | +€282 | |
| Financial fixed assets | 28 | €2,450 | €2,450 | = | 0.0% |
| Current assets | 29/58 | €49,356 | €113,863 | +€64,508 | +131% |
| Stocks and contracts in progress | 3 | €45,356 | €36,405 | -€8,951 | -19.7% |
| Stocks | 30/36 | €45,356 | €36,405 | -€8,951 | -19.7% |
| Amounts receivable within one year | 40/41 | €4,000 | €75,047 | +€71,047 | +1,776% |
| Trade receivables | 40 | - | €74,265 | +€74,265 | |
| Other amounts receivable | 41 | €4,000 | €782 | -€3,218 | -80.5% |
| Cash at bank and in hand | 54/58 | - | €2,411 | +€2,411 | |
| Total equity and liabilities | 10/49 | €51,806 | €116,595 | +€64,790 | +125% |
| Equity | 10/15 | €5,180 | €628 | -€4,552 | -87.9% |
| Contributions | 10/11 | €27,000 | €27,000 | = | 0.0% |
| Reserves | 13 | €2,700 | €2,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,700 | €2,700 | = | 0.0% |
| Other | 1319 | €2,700 | €2,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,520 | -€29,072 | -€4,552 | -18.6% |
| Amounts payable | 17/49 | €46,626 | €115,967 | +€69,341 | +149% |
| Amounts payable within one year | 42/48 | €46,626 | €115,967 | +€69,341 | +149% |
| Financial debts | 43 | €29,720 | €44,387 | +€14,667 | +49.4% |
| Credit institutions | 430/8 | €29,720 | €44,387 | +€14,667 | +49.4% |
| Trade debts | 44 | €385 | €32,846 | +€32,461 | +8,423% |
| Suppliers | 440/4 | €385 | €32,846 | +€32,461 | +8,423% |
| Taxes, remuneration and social security | 45 | €16,521 | €28,288 | +€11,767 | +71.2% |
| Taxes | 450/3 | €16,521 | €6,788 | -€9,733 | -58.9% |
| Remuneration and social security | 454/9 | - | €21,500 | +€21,500 | |
| Other amounts payable | 47/48 | - | €10,446 | +€10,446 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282 | - | -€282 | |
| Other operating charges | 640/8 | €905 | €949 | +€44 | +4.9% |
| Gross operating margin | 9900 | €15,114 | €9,446 | -€5,668 | -37.5% |
| Operating profit (loss) | 9901 | €13,927 | €8,496 | -€5,430 | -39.0% |
| Financial charges | 65/66B | €7,352 | €6,473 | -€879 | -12.0% |
| Recurring financial charges | 65 | €7,352 | €6,473 | -€879 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €6,575 | €2,023 | -€4,552 | -69.2% |
| Profit (loss) for the period | 9904 | €6,575 | €2,023 | -€4,552 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,575 | €2,023 | -€4,552 | -69.2% |
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 21 October 2026 via checked.be.