PATY: 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.
PATY
Largest movements
- Receivables within one year +€378,819
up €378,819 (+24.7%), from €1.5m to €1.9m
of which Other amounts receivable: +€378,819
- Cash -€293,423
down €293,423 (-72.4%), from €405,431 to €112,008
mainly Receivables within one year (-€378,819) and Investment in fixed assets (net) (-€139,230)
- Debts after one year +€122,330
up €122,330 (+20.4%), from €598,621 to €720,951
- Tax, wage and social debts -€82,510
down €82,510 (-92.2%), from €89,536 to €7,026
- Trade debts +€60,829
up €60,829 (+75.2%), from €80,910 to €141,739
- Financial income -€161,175
down €161,175 (-82.3%), from €195,834 to €34,659
of which Non-recurring financial income: -€163,920
- Taxes -€72,359
down €72,359 (-91.1%), from €79,385 to €7,026
- Gross operating margin -€56,661
down €56,661 (-22.2%), from €254,802 to €198,141
- Depreciation -€26,497
down €26,497 (-14.8%), from €179,629 to €153,132
- Other operating charges +€13,947
up €13,947 (+31.3%), from €44,580 to €58,527
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,058,207 | €5,152,291 | +€94,084 | +1.9% |
| Fixed assets | 21/28 | €3,111,699 | €3,097,796 | -€13,902 | -0.4% |
| Tangible fixed assets | 22/27 | €2,892,699 | €2,878,796 | -€13,902 | -0.5% |
| Land and buildings | 22 | €1,879,252 | €1,818,883 | -€60,369 | -3.2% |
| Plant, machinery and equipment | 23 | €26,209 | €24,489 | -€1,719 | -6.6% |
| Furniture and vehicles | 24 | €26,038 | €19,447 | -€6,591 | -25.3% |
| Other tangible fixed assets | 26 | €961,200 | €1,015,976 | +€54,777 | +5.7% |
| Financial fixed assets | 28 | €219,000 | €219,000 | = | 0.0% |
| Current assets | 29/58 | €1,946,509 | €2,054,495 | +€107,986 | +5.5% |
| Amounts receivable within one year | 40/41 | €1,532,199 | €1,911,018 | +€378,819 | +24.7% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | €1,514,049 | €1,892,868 | +€378,819 | +25.0% |
| Cash at bank and in hand | 54/58 | €405,431 | €112,008 | -€293,423 | -72.4% |
| Deferred charges and accrued income | 490/1 | €8,879 | €31,468 | +€22,589 | +254.4% |
| Total equity and liabilities | 10/49 | €5,058,207 | €5,152,291 | +€94,084 | +1.9% |
| Equity | 10/15 | €3,556,380 | €3,551,834 | -€4,546 | -0.1% |
| Contributions | 10/11 | €2,849,376 | €2,849,376 | = | 0.0% |
| Capital | 10 | €2,849,376 | €2,849,376 | = | 0.0% |
| Issued capital | 100 | €2,849,376 | €2,849,376 | = | 0.0% |
| Reserves | 13 | €707,005 | €702,458 | -€4,546 | -0.6% |
| Non-distributable reserves | 130/1 | €44,409 | €44,818 | +€409 | +0.9% |
| Legal reserve | 130 | €44,409 | €44,818 | +€409 | +0.9% |
| Tax-exempt reserves | 132 | €188,932 | €176,201 | -€12,731 | -6.7% |
| Distributable reserves | 133 | €473,664 | €481,439 | +€7,775 | +1.6% |
| Provisions and deferred taxes | 16 | €62,977 | €58,734 | -€4,244 | -6.7% |
| Deferred taxes | 168 | €62,977 | €58,734 | -€4,244 | -6.7% |
| Amounts payable | 17/49 | €1,438,850 | €1,541,723 | +€102,873 | +7.1% |
| Amounts payable after more than one year | 17 | €598,621 | €720,951 | +€122,330 | +20.4% |
| Financial debts | 170/4 | €598,621 | €720,951 | +€122,330 | +20.4% |
| Amounts payable within one year | 42/48 | €833,336 | €816,767 | -€16,570 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €50,345 | €61,610 | +€11,265 | +22.4% |
| Trade debts | 44 | €80,910 | €141,739 | +€60,829 | +75.2% |
| Suppliers | 440/4 | €80,910 | €141,739 | +€60,829 | +75.2% |
| Taxes, remuneration and social security | 45 | €89,536 | €7,026 | -€82,510 | -92.2% |
| Taxes | 450/3 | €89,536 | €7,026 | -€82,510 | -92.2% |
| Other amounts payable | 47/48 | €612,546 | €606,391 | -€6,155 | -1.0% |
| Accrued charges and deferred income | 492/3 | €6,893 | €4,006 | -€2,887 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €179,629 | €153,132 | -€26,497 | -14.8% |
| Other operating charges | 640/8 | €44,580 | €58,527 | +€13,947 | +31.3% |
| Gross operating margin | 9900 | €254,802 | €198,141 | -€56,661 | -22.2% |
| Operating profit (loss) | 9901 | €30,593 | -€13,518 | -€44,110 | |
| Financial income | 75/76B | €195,834 | €34,659 | -€161,175 | -82.3% |
| Recurring financial income | 75 | €31,915 | €34,659 | +€2,744 | +8.6% |
| Non-recurring financial income | 76B | €163,920 | - | -€163,920 | |
| Financial charges | 65/66B | €22,896 | €22,905 | +€10 | 0.0% |
| Recurring financial charges | 65 | €22,896 | €22,905 | +€10 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €203,531 | -€1,764 | -€205,295 | |
| Transfer from deferred taxes | 780 | €6,849 | €4,244 | -€2,606 | -38.0% |
| Income taxes | 67/77 | €79,385 | €7,026 | -€72,359 | -91.1% |
| Profit (loss) for the period | 9904 | €130,995 | -€4,546 | -€135,542 | |
| Transfer from tax-exempt reserves | 789 | €20,548 | €12,731 | -€7,817 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €151,543 | €8,185 | -€143,358 | -94.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.