PNF Patine: 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.
PNF Patine
Largest movements
- Tangible fixed assets -€41,685
down €41,685 (-38.7%), from €107,804 to €66,119
of which Furniture and vehicles: -€37,320
- Cash -€38,003
down €38,003 (-65.0%), from €58,510 to €20,507
mainly Contributions, distributions and other (-€100,000) and Debts after one year (-€32,416)
- Intangible fixed assets -€15,700
down €15,700 (-27.3%), from €57,567 to €41,867
- Current investments -€4,907
down €4,907 (-10.3%), from €47,849 to €42,942
- Receivables within one year -€4,247
down €4,247 (-23.1%), from €18,361 to €14,114
of which Other amounts receivable: -€5,392
- Profit (loss) carried forward -€49,041
down €49,041 (-76.9%), from €63,813 to €14,772
- Debts after one year -€32,416
down €32,416 (-54.6%), from €59,424 to €27,008
- Other debts +€24,796
new in 2025: €24,796
- Tax, wage and social debts -€20,674
down €20,674 (-48.9%), from €42,312 to €21,637
of which Remuneration and social security: -€17,754
- Current portion of long-term debt -€20,662
down €20,662 (-38.9%), from €53,078 to €32,416
- Write-downs -€24,789
no longer reported in 2025 (was €24,789)
- Gross operating margin +€12,844
up €12,844 (+3.6%), from €355,211 to €368,055
- Taxes +€8,735
up €8,735 (+89.7%), from €9,741 to €18,476
- Financial income -€8,545
down €8,545 (-52.4%), from €16,319 to €7,774
- Depreciation +€5,559
up €5,559 (+11.4%), from €48,938 to €54,497
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 | €291,843 | €185,958 | -€105,885 | -36.3% |
| Fixed assets | 21/28 | €165,780 | €108,395 | -€57,385 | -34.6% |
| Intangible fixed assets | 21 | €57,567 | €41,867 | -€15,700 | -27.3% |
| Tangible fixed assets | 22/27 | €107,804 | €66,119 | -€41,685 | -38.7% |
| Plant, machinery and equipment | 23 | €16,207 | €12,242 | -€3,965 | -24.5% |
| Furniture and vehicles | 24 | €88,142 | €50,822 | -€37,320 | -42.3% |
| Other tangible fixed assets | 26 | €3,454 | €3,054 | -€400 | -11.6% |
| Financial fixed assets | 28 | €410 | €410 | = | 0.0% |
| Current assets | 29/58 | €126,063 | €77,562 | -€48,500 | -38.5% |
| Amounts receivable within one year | 40/41 | €18,361 | €14,114 | -€4,247 | -23.1% |
| Trade receivables | 40 | €10,943 | €12,089 | +€1,145 | +10.5% |
| Other amounts receivable | 41 | €7,418 | €2,026 | -€5,392 | -72.7% |
| Current investments | 50/53 | €47,849 | €42,942 | -€4,907 | -10.3% |
| Cash at bank and in hand | 54/58 | €58,510 | €20,507 | -€38,003 | -65.0% |
| Deferred charges and accrued income | 490/1 | €1,343 | - | -€1,343 | |
| Total equity and liabilities | 10/49 | €291,843 | €185,958 | -€105,885 | -36.3% |
| Equity | 10/15 | €82,413 | €33,372 | -€49,041 | -59.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,813 | €14,772 | -€49,041 | -76.9% |
| Amounts payable | 17/49 | €209,430 | €152,585 | -€56,845 | -27.1% |
| Amounts payable after more than one year | 17 | €59,424 | €27,008 | -€32,416 | -54.6% |
| Financial debts | 170/4 | €59,424 | €27,008 | -€32,416 | -54.6% |
| Amounts payable within one year | 42/48 | €150,006 | €125,577 | -€24,429 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €53,078 | €32,416 | -€20,662 | -38.9% |
| Financial debts | 43 | - | €7,644 | +€7,644 | |
| Credit institutions | 430/8 | - | €7,644 | +€7,644 | |
| Trade debts | 44 | €54,617 | €39,084 | -€15,533 | -28.4% |
| Suppliers | 440/4 | €54,617 | €39,084 | -€15,533 | -28.4% |
| Taxes, remuneration and social security | 45 | €42,312 | €21,637 | -€20,674 | -48.9% |
| Taxes | 450/3 | €16,707 | €13,786 | -€2,921 | -17.5% |
| Remuneration and social security | 454/9 | €25,605 | €7,851 | -€17,754 | -69.3% |
| Other amounts payable | 47/48 | - | €24,796 | +€24,796 | |
| Remuneration, social security and pensions | 62 | €234,367 | €237,852 | +€3,486 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,938 | €54,497 | +€5,559 | +11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,789 | - | -€24,789 | |
| Other operating charges | 640/8 | €8,717 | €9,693 | +€976 | +11.2% |
| Gross operating margin | 9900 | €355,211 | €368,055 | +€12,844 | +3.6% |
| Operating profit (loss) | 9901 | €38,400 | €66,013 | +€27,613 | +71.9% |
| Financial income | 75/76B | €16,319 | €7,774 | -€8,545 | -52.4% |
| Recurring financial income | 75 | €16,319 | €7,774 | -€8,545 | -52.4% |
| Financial charges | 65/66B | €7,775 | €4,352 | -€3,423 | -44.0% |
| Recurring financial charges | 65 | €7,775 | €3,835 | -€3,940 | -50.7% |
| Non-recurring financial charges | 66B | - | €517 | +€517 | |
| Profit (loss) for the period before taxes | 9903 | €46,944 | €69,435 | +€22,491 | +47.9% |
| Income taxes | 67/77 | €9,741 | €18,476 | +€8,735 | +89.7% |
| Profit (loss) for the period | 9904 | €37,204 | €50,959 | +€13,756 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,204 | €50,959 | +€13,756 | +37.0% |
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 28 October 2026 via checked.be.