PATZA: 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.
PATZA
Largest movements
- Cash -€48,221
down €48,221 (-54.6%), from €88,316 to €40,095
mainly Other debts (-€83,538) and Investment in fixed assets (net) (-€16,255)
- Tangible fixed assets +€11,687
up €11,687 (+167.7%), from €6,970 to €18,657
of which Other tangible fixed assets: +€9,158
- Stocks and contracts -€6,873
down €6,873 (-35.8%), from €19,186 to €12,313
- Receivables within one year +€1,926
up €1,926 (+23.5%), from €8,207 to €10,133
of which Other amounts receivable: +€2,698
- Other debts -€83,538
down €83,538 (-100.0%), from €83,538 to €0
- Profit (loss) carried forward +€34,607
up €34,607, from €0 to €34,607
- Trade debts +€8,236
up €8,236 (+47.8%), from €17,229 to €25,465
- Accrued charges and deferred income -€2,900
down €2,900 (-50.0%), from €5,800 to €2,900
- Gross operating margin -€57,332
down €57,332 (-12.8%), from €447,326 to €389,994
- Taxes -€13,198
down €13,198 (-53.1%), from €24,871 to €11,673
- Depreciation -€7,635
down €7,635 (-60.3%), from €12,668 to €5,033
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 | €153,069 | €109,746 | -€43,322 | -28.3% |
| Fixed assets | 21/28 | €8,934 | €20,157 | +€11,223 | +125.6% |
| Intangible fixed assets | 21 | €464 | €0 | -€464 | -100.0% |
| Tangible fixed assets | 22/27 | €6,970 | €18,657 | +€11,687 | +167.7% |
| Plant, machinery and equipment | 23 | €1,555 | €2,769 | +€1,214 | +78.0% |
| Furniture and vehicles | 24 | €1,454 | €2,770 | +€1,315 | +90.5% |
| Other tangible fixed assets | 26 | €3,960 | €13,118 | +€9,158 | +231.3% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €144,135 | €89,589 | -€54,545 | -37.8% |
| Stocks and contracts in progress | 3 | €19,186 | €12,313 | -€6,873 | -35.8% |
| Stocks | 30/36 | €19,186 | €12,313 | -€6,873 | -35.8% |
| Amounts receivable within one year | 40/41 | €8,207 | €10,133 | +€1,926 | +23.5% |
| Trade receivables | 40 | €5,578 | €4,806 | -€772 | -13.8% |
| Other amounts receivable | 41 | €2,629 | €5,327 | +€2,698 | +102.6% |
| Cash at bank and in hand | 54/58 | €88,316 | €40,095 | -€48,221 | -54.6% |
| Deferred charges and accrued income | 490/1 | €28,425 | €27,048 | -€1,377 | -4.8% |
| Total equity and liabilities | 10/49 | €153,069 | €109,746 | -€43,322 | -28.3% |
| Equity | 10/15 | €18,600 | €53,207 | +€34,607 | +186.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €34,607 | +€34,607 | |
| Amounts payable | 17/49 | €134,469 | €56,539 | -€77,929 | -58.0% |
| Amounts payable within one year | 42/48 | €128,669 | €53,639 | -€75,029 | -58.3% |
| Trade debts | 44 | €17,229 | €25,465 | +€8,236 | +47.8% |
| Suppliers | 440/4 | €17,229 | €25,465 | +€8,236 | +47.8% |
| Taxes, remuneration and social security | 45 | €27,902 | €28,174 | +€272 | +1.0% |
| Taxes | 450/3 | €9,718 | €9,126 | -€592 | -6.1% |
| Remuneration and social security | 454/9 | €18,183 | €19,047 | +€864 | +4.8% |
| Other amounts payable | 47/48 | €83,538 | €0 | -€83,538 | -100.0% |
| Accrued charges and deferred income | 492/3 | €5,800 | €2,900 | -€2,900 | -50.0% |
| Remuneration, social security and pensions | 62 | €327,388 | €327,558 | +€170 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,668 | €5,033 | -€7,635 | -60.3% |
| Other operating charges | 640/8 | €1,232 | €3,822 | +€2,590 | +210.2% |
| Gross operating margin | 9900 | €447,326 | €389,994 | -€57,332 | -12.8% |
| Operating profit (loss) | 9901 | €106,038 | €53,581 | -€52,457 | -49.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €8,041 | €7,302 | -€739 | -9.2% |
| Recurring financial charges | 65 | €8,041 | €7,302 | -€739 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €97,997 | €46,280 | -€51,718 | -52.8% |
| Income taxes | 67/77 | €24,871 | €11,673 | -€13,198 | -53.1% |
| Profit (loss) for the period | 9904 | €73,126 | €34,607 | -€38,519 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €73,126 | €34,607 | -€38,519 | -52.7% |
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 2 October 2026 via checked.be.