PATWAT: 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.
PATWAT
Largest movements
- Cash -€30,313
down €30,313 (-84.9%), from €35,719 to €5,406
mainly Receivables within one year (-€22,324) and Net result for the year (-€13,538)
- Receivables within one year +€22,324
up €22,324 (+365.4%), from €6,109 to €28,433
of which Trade receivables: +€20,350
- Financial fixed assets -€8,500
down €8,500 (-54.8%), from €15,500 to €7,000
- Receivables after one year -€1,733
no longer reported in 2025 (was €1,733)
- Profit (loss) carried forward -€13,538
down €13,538 (-41.9%), from -€32,280 to -€45,818
- Trade debts -€4,471
down €4,471 (-97.9%), from €4,566 to €95
- Tax, wage and social debts -€737
down €737 (-28.9%), from €2,553 to €1,816
- Gross operating margin +€19,451
up €19,451 (+57.8%), from -€33,646 to -€14,195
- Financial income +€2,062
new in 2025: €2,062
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 | €60,338 | €41,592 | -€18,746 | -31.1% |
| Fixed assets | 21/28 | €16,020 | €7,315 | -€8,705 | -54.3% |
| Tangible fixed assets | 22/27 | €520 | €315 | -€205 | -39.4% |
| Plant, machinery and equipment | 23 | €520 | €315 | -€205 | -39.4% |
| Financial fixed assets | 28 | €15,500 | €7,000 | -€8,500 | -54.8% |
| Current assets | 29/58 | €44,318 | €34,277 | -€10,041 | -22.7% |
| Amounts receivable after more than one year | 29 | €1,733 | - | -€1,733 | |
| Other amounts receivable | 291 | €1,733 | - | -€1,733 | |
| Amounts receivable within one year | 40/41 | €6,109 | €28,433 | +€22,324 | +365.4% |
| Trade receivables | 40 | €645 | €20,995 | +€20,350 | +3155.0% |
| Other amounts receivable | 41 | €5,464 | €7,438 | +€1,974 | +36.1% |
| Cash at bank and in hand | 54/58 | €35,719 | €5,406 | -€30,313 | -84.9% |
| Deferred charges and accrued income | 490/1 | €757 | €438 | -€319 | -42.1% |
| Total equity and liabilities | 10/49 | €60,338 | €41,592 | -€18,746 | -31.1% |
| Equity | 10/15 | €53,219 | €39,681 | -€13,538 | -25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,899 | €66,899 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €65,039 | €65,039 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,280 | -€45,818 | -€13,538 | -41.9% |
| Amounts payable | 17/49 | €7,119 | €1,911 | -€5,208 | -73.2% |
| Amounts payable within one year | 42/48 | €7,119 | €1,911 | -€5,208 | -73.2% |
| Trade debts | 44 | €4,566 | €95 | -€4,471 | -97.9% |
| Suppliers | 440/4 | €4,566 | €95 | -€4,471 | -97.9% |
| Taxes, remuneration and social security | 45 | €2,553 | €1,816 | -€737 | -28.9% |
| Taxes | 450/3 | €2,553 | €1,816 | -€737 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €475 | €475 | = | 0.0% |
| Other operating charges | 640/8 | €426 | €570 | +€144 | +33.8% |
| Gross operating margin | 9900 | -€33,646 | -€14,195 | +€19,451 | +57.8% |
| Operating profit (loss) | 9901 | -€34,547 | -€15,240 | +€19,307 | +55.9% |
| Financial income | 75/76B | - | €2,062 | +€2,062 | |
| Recurring financial income | 75 | - | €2,062 | +€2,062 | |
| Financial charges | 65/66B | €181 | €146 | -€35 | -19.3% |
| Recurring financial charges | 65 | €181 | €146 | -€35 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | -€34,728 | -€13,324 | +€21,404 | +61.6% |
| Income taxes | 67/77 | - | €214 | +€214 | |
| Profit (loss) for the period | 9904 | -€34,728 | -€13,538 | +€21,190 | +61.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,728 | -€13,538 | +€21,190 | +61.0% |
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 7 October 2026 via checked.be.