PICAVET PATRICK TRANSPORT: 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.
PICAVET PATRICK TRANSPORT
Largest movements
- Tangible fixed assets -€44,741
down €44,741 (-31.6%), from €141,567 to €96,825
of which Leasing and similar rights: -€34,500
- Receivables within one year +€8,288
up €8,288 (+17.9%), from €46,395 to €54,684
of which Other amounts receivable: +€11,108
- Cash +€6,327
up €6,327 (+423%), from €1,497 to €7,824
mainly Depreciation (+€44,741) and Other debts (+€6,880)
- Debts after one year -€24,695
down €24,695 (-40.1%), from €61,591 to €36,896
- Trade debts -€11,331
down €11,331 (-56.4%), from €20,099 to €8,768
- Profit (loss) carried forward -€7,411
down €7,411 (-26.2%), from -€28,338 to -€35,750
- Other debts +€6,880
up €6,880 (+26.5%), from €26,000 to €32,880
- Current portion of long-term debt +€6,156
up €6,156 (+21.8%), from €28,258 to €34,414
- Gross operating margin +€23,591
up €23,591 (+101%), from €23,304 to €46,895
- Depreciation +€2,231
up €2,231 (+5.2%), from €42,510 to €44,741
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 | €204,704 | €174,883 | -€29,821 | -14.6% |
| Fixed assets | 21/28 | €150,702 | €105,960 | -€44,741 | -29.7% |
| Tangible fixed assets | 22/27 | €141,567 | €96,825 | -€44,741 | -31.6% |
| Furniture and vehicles | 24 | €22,093 | €11,851 | -€10,241 | -46.4% |
| Leasing and similar rights | 25 | €119,474 | €84,974 | -€34,500 | -28.9% |
| Financial fixed assets | 28 | €9,135 | €9,135 | = | 0.0% |
| Current assets | 29/58 | €54,003 | €68,922 | +€14,920 | +27.6% |
| Amounts receivable within one year | 40/41 | €46,395 | €54,684 | +€8,288 | +17.9% |
| Trade receivables | 40 | €32,183 | €29,363 | -€2,820 | -8.8% |
| Other amounts receivable | 41 | €14,213 | €25,321 | +€11,108 | +78.2% |
| Cash at bank and in hand | 54/58 | €1,497 | €7,824 | +€6,327 | +423% |
| Deferred charges and accrued income | 490/1 | €6,111 | €6,415 | +€304 | +5.0% |
| Total equity and liabilities | 10/49 | €204,704 | €174,883 | -€29,821 | -14.6% |
| Equity | 10/15 | €56,403 | €48,512 | -€7,891 | -14.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €78,542 | €78,062 | -€480 | -0.6% |
| Tax-exempt reserves | 132 | €6,476 | €5,996 | -€480 | -7.4% |
| Distributable reserves | 133 | €72,066 | €72,066 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,338 | -€35,750 | -€7,411 | -26.2% |
| Provisions and deferred taxes | 16 | €129 | €9 | -€120 | -93.4% |
| Deferred taxes | 168 | €129 | €9 | -€120 | -93.4% |
| Amounts payable | 17/49 | €148,172 | €126,362 | -€21,810 | -14.7% |
| Amounts payable after more than one year | 17 | €61,591 | €36,896 | -€24,695 | -40.1% |
| Financial debts | 170/4 | €61,591 | €36,896 | -€24,695 | -40.1% |
| Amounts payable within one year | 42/48 | €86,582 | €89,466 | +€2,884 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €28,258 | €34,414 | +€6,156 | +21.8% |
| Financial debts | 43 | €9,000 | €9,000 | = | 0.0% |
| Credit institutions | 430/8 | €9,000 | €9,000 | = | 0.0% |
| Trade debts | 44 | €20,099 | €8,768 | -€11,331 | -56.4% |
| Suppliers | 440/4 | €20,099 | €8,768 | -€11,331 | -56.4% |
| Taxes, remuneration and social security | 45 | €3,225 | €4,404 | +€1,179 | +36.6% |
| Taxes | 450/3 | €1,167 | €287 | -€879 | -75.4% |
| Remuneration and social security | 454/9 | €2,058 | €4,117 | +€2,059 | +100% |
| Other amounts payable | 47/48 | €26,000 | €32,880 | +€6,880 | +26.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,510 | €44,741 | +€2,231 | +5.2% |
| Other operating charges | 640/8 | €1,904 | €2,259 | +€355 | +18.6% |
| Gross operating margin | 9900 | €23,304 | €46,895 | +€23,591 | +101% |
| Operating profit (loss) | 9901 | -€21,110 | -€106 | +€21,004 | +99.5% |
| Financial income | 75/76B | €90 | €512 | +€423 | +472% |
| Recurring financial income | 75 | €90 | €512 | +€423 | +472% |
| Financial charges | 65/66B | €7,648 | €7,982 | +€334 | +4.4% |
| Recurring financial charges | 65 | €7,648 | €7,982 | +€334 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | -€28,669 | -€7,575 | +€21,094 | +73.6% |
| Transfer from deferred taxes | 780 | €120 | €120 | = | 0.0% |
| Income taxes | 67/77 | €270 | €436 | +€167 | +61.8% |
| Profit (loss) for the period | 9904 | -€28,818 | -€7,891 | +€20,927 | +72.6% |
| Transfer from tax-exempt reserves | 789 | €480 | €480 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,338 | -€7,411 | +€20,927 | +73.8% |
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 31 October 2026 via checked.be.