GROUP PATTYN: 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.
What changed
GROUP PATTYN
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€30,764
2024 · €110,946-€141,710
Equity
€806,213
2024 · €836,977-€30,764
Cash
€828
2024 · €3,446-€2,618
Balance sheet total
€1.8m
2024 · €2.3m-€554,126
Largest movements
Assets
- Tangible fixed assets -€491,375
down €491,375 (-29.6%), from €1.7m to €1.2m
of which Land and buildings: -€483,673
- Receivables after one year -€50,000
down €50,000 (-25.0%), from €200,000 to €150,000
Equity and liabilities
- Debts after one year -€211,914
down €211,914 (-25.9%), from €817,368 to €605,453
- Current portion of long-term debt -€121,329
down €121,329 (-66.2%), from €183,238 to €61,909
- Advances received -€100,000
no longer reported in 2025 (was €100,000)
- Other debts -€73,212
down €73,212 (-40.4%), from €181,402 to €108,190
Income statement
- Gross operating margin -€179,919
down €179,919 (-67.6%), from €266,267 to €86,349
- Taxes -€36,748
down €36,748 (-93.1%), from €39,471 to €2,723
- Financial charges -€11,899
down €11,899 (-20.6%), from €57,775 to €45,876
- Depreciation -€10,382
down €10,382 (-13.5%), from €76,769 to €66,387
- Other operating charges -€4,657
down €4,657 (-25.1%), from €18,524 to €13,868
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.
Result 2024
€110,946
Gross operating margin
-€179,919
Depreciation
+€10,382
Other operating charges
+€4,657
Financial income
-€1,399
Financial charges
+€11,899
Taxes
+€36,748
Deferred taxes and other
-€24,078
Result 2025
-€30,764
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€94,363
Investment
+€424,988
Financing
-€333,243
Cash 2024
€3,446
From operations (derived)
-€94,363
Net result for the year
-€30,764
Depreciation
+€66,387
Receivables after one year
+€50,000
Receivables within one year
+€3,891
Deferred charges and accrued income
+€6,241
Provisions
-€3,176
Trade debts
+€8,081
Tax, wage and social debts
-€19,818
Advances received
-€100,000
Other debts
-€73,212
Accrued charges and deferred income
-€1,995
Investment (derived)
+€424,988
Investment in fixed assets (net)
+€424,988
Financing
-€333,243
Debts after one year
-€211,914
Current portion of long-term debt
-€121,329
Cash 2025
€828
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,306,657 | €1,752,532 | -€554,126 | -24.0% |
| Fixed assets | 21/28 | €1,699,850 | €1,208,474 | -€491,375 | -28.9% |
| Tangible fixed assets | 22/27 | €1,657,300 | €1,165,924 | -€491,375 | -29.6% |
| Land and buildings | 22 | €1,619,314 | €1,135,641 | -€483,673 | -29.9% |
| Plant, machinery and equipment | 23 | €20,365 | €13,186 | -€7,179 | -35.3% |
| Furniture and vehicles | 24 | €2,582 | €6,251 | +€3,668 | +142% |
| Other tangible fixed assets | 26 | €15,038 | €10,847 | -€4,192 | -27.9% |
| Financial fixed assets | 28 | €42,550 | €42,550 | = | 0.0% |
| Current assets | 29/58 | €606,808 | €544,058 | -€62,750 | -10.3% |
| Amounts receivable after more than one year | 29 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Other amounts receivable | 291 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €393,809 | €389,918 | -€3,891 | -1.0% |
| Trade receivables | 40 | €8,428 | €5,928 | -€2,500 | -29.7% |
| Other amounts receivable | 41 | €385,381 | €383,991 | -€1,391 | -0.4% |
| Cash at bank and in hand | 54/58 | €3,446 | €828 | -€2,618 | -76.0% |
| Deferred charges and accrued income | 490/1 | €9,553 | €3,312 | -€6,241 | -65.3% |
| Total equity and liabilities | 10/49 | €2,306,657 | €1,752,532 | -€554,126 | -24.0% |
| Equity | 10/15 | €836,977 | €806,213 | -€30,764 | -3.7% |
| Contributions | 10/11 | €361,500 | €361,500 | = | 0.0% |
| Capital | 10 | €361,500 | €361,500 | = | 0.0% |
| Issued capital | 100 | €361,500 | €361,500 | = | 0.0% |
| Reserves | 13 | €475,477 | €465,951 | -€9,527 | -2.0% |
| Non-distributable reserves | 130/1 | €14,714 | €14,714 | = | 0.0% |
| Legal reserve | 130 | €14,714 | €14,714 | = | 0.0% |
| Tax-exempt reserves | 132 | €205,647 | €196,120 | -€9,527 | -4.6% |
| Distributable reserves | 133 | €255,117 | €255,117 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€21,237 | -€21,237 | |
| Provisions and deferred taxes | 16 | €68,549 | €65,373 | -€3,176 | -4.6% |
| Deferred taxes | 168 | €68,549 | €65,373 | -€3,176 | -4.6% |
| Amounts payable | 17/49 | €1,401,131 | €880,945 | -€520,186 | -37.1% |
| Amounts payable after more than one year | 17 | €817,368 | €605,453 | -€211,914 | -25.9% |
| Financial debts | 170/4 | €817,368 | €605,453 | -€211,914 | -25.9% |
| Amounts payable within one year | 42/48 | €581,769 | €275,492 | -€306,277 | -52.6% |
| Current portion of amounts payable after more than one year | 42 | €183,238 | €61,909 | -€121,329 | -66.2% |
| Trade debts | 44 | €31,848 | €39,929 | +€8,081 | +25.4% |
| Suppliers | 440/4 | €31,848 | €39,929 | +€8,081 | +25.4% |
| Advances received on contracts in progress | 46 | €100,000 | - | -€100,000 | |
| Taxes, remuneration and social security | 45 | €85,281 | €65,463 | -€19,818 | -23.2% |
| Taxes | 450/3 | €85,281 | €65,463 | -€19,818 | -23.2% |
| Other amounts payable | 47/48 | €181,402 | €108,190 | -€73,212 | -40.4% |
| Accrued charges and deferred income | 492/3 | €1,995 | - | -€1,995 | |
| Non-recurring operating income | 76A | €141,450 | €33,516 | -€107,933 | -76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,769 | €66,387 | -€10,382 | -13.5% |
| Other operating charges | 640/8 | €18,524 | €13,868 | -€4,657 | -25.1% |
| Gross operating margin | 9900 | €266,267 | €86,349 | -€179,919 | -67.6% |
| Operating profit (loss) | 9901 | €170,974 | €6,094 | -€164,880 | -96.4% |
| Financial income | 75/76B | €9,964 | €8,565 | -€1,399 | -14.0% |
| Recurring financial income | 75 | €9,964 | €8,565 | -€1,399 | -14.0% |
| Financial charges | 65/66B | €57,775 | €45,876 | -€11,899 | -20.6% |
| Recurring financial charges | 65 | €57,775 | €45,876 | -€11,899 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €123,163 | -€31,217 | -€154,380 | |
| Transfer from deferred taxes | 780 | €27,254 | €3,176 | -€24,078 | -88.3% |
| Income taxes | 67/77 | €39,471 | €2,723 | -€36,748 | -93.1% |
| Profit (loss) for the period | 9904 | €110,946 | -€30,764 | -€141,710 | |
| Transfer from tax-exempt reserves | 789 | €25,697 | €9,527 | -€16,170 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €136,643 | -€21,237 | -€157,880 |
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 27 October 2026 via checked.be.