Pensis Patrick: 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.
Pensis Patrick
Largest movements
- Cash +€45,324
up €45,324 (+121%), from €37,438 to €82,761
mainly Net result for the year (+€61,310) and Trade debts (+€9,460)
- Reserves +€61,310
up €61,310 (+243%), from €25,269 to €86,579
- Debts after one year -€36,958
down €36,958 (-19.2%), from €192,933 to €155,974
- Trade debts +€9,460
up €9,460 (+5,724%), from €165 to €9,625
- Tax, wage and social debts +€8,034
up €8,034 (+42.4%), from €18,963 to €26,997
- Gross operating margin +€42,661
up €42,661 (+111%), from €38,274 to €80,935
- Taxes +€10,251
up €10,251 (+114%), from €8,982 to €19,233
- Financial income +€6,690
up €6,690 (+331,188%), from €2 to €6,692
- Financial charges +€3,097
up €3,097 (+85.9%), from €3,604 to €6,700
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 | €292,474 | €338,870 | +€46,396 | +15.9% |
| Fixed assets | 21/28 | €255,000 | €255,899 | +€899 | +0.4% |
| Tangible fixed assets | 22/27 | - | €899 | +€899 | |
| Furniture and vehicles | 24 | - | €899 | +€899 | |
| Financial fixed assets | 28 | €255,000 | €255,000 | = | 0.0% |
| Current assets | 29/58 | €37,474 | €82,971 | +€45,498 | +121% |
| Amounts receivable within one year | 40/41 | €36 | €210 | +€174 | +483% |
| Other amounts receivable | 41 | €36 | €210 | +€174 | +483% |
| Cash at bank and in hand | 54/58 | €37,438 | €82,761 | +€45,324 | +121% |
| Total equity and liabilities | 10/49 | €292,474 | €338,870 | +€46,396 | +15.9% |
| Equity | 10/15 | €28,269 | €89,579 | +€61,310 | +217% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,269 | €86,579 | +€61,310 | +243% |
| Distributable reserves | 133 | €25,269 | €86,579 | +€61,310 | +243% |
| Amounts payable | 17/49 | €264,205 | €249,292 | -€14,914 | -5.6% |
| Amounts payable after more than one year | 17 | €192,933 | €155,974 | -€36,958 | -19.2% |
| Financial debts | 170/4 | €192,933 | €155,974 | -€36,958 | -19.2% |
| Amounts payable within one year | 42/48 | €71,273 | €93,317 | +€22,045 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €35,531 | €36,958 | +€1,427 | +4.0% |
| Trade debts | 44 | €165 | €9,625 | +€9,460 | +5,724% |
| Suppliers | 440/4 | €165 | €9,625 | +€9,460 | +5,724% |
| Taxes, remuneration and social security | 45 | €18,963 | €26,997 | +€8,034 | +42.4% |
| Taxes | 450/3 | €18,963 | €26,997 | +€8,034 | +42.4% |
| Other amounts payable | 47/48 | €16,613 | €19,736 | +€3,123 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €100 | +€100 | |
| Other operating charges | 640/8 | €422 | €283 | -€139 | -32.8% |
| Gross operating margin | 9900 | €38,274 | €80,935 | +€42,661 | +111% |
| Operating profit (loss) | 9901 | €37,852 | €80,551 | +€42,699 | +113% |
| Financial income | 75/76B | €2 | €6,692 | +€6,690 | +331,188% |
| Recurring financial income | 75 | €2 | €6,692 | +€6,690 | +331,188% |
| Financial charges | 65/66B | €3,604 | €6,700 | +€3,097 | +85.9% |
| Recurring financial charges | 65 | €3,604 | €6,700 | +€3,097 | +85.9% |
| Profit (loss) for the period before taxes | 9903 | €34,250 | €80,543 | +€46,293 | +135% |
| Income taxes | 67/77 | €8,982 | €19,233 | +€10,251 | +114% |
| Profit (loss) for the period | 9904 | €25,269 | €61,310 | +€36,041 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €25,269 | €61,310 | +€36,041 | +143% |
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 18 October 2026 via checked.be.