HO PATRIMONIALE: what changed
What changed
HO PATRIMONIALE
filed annual accounts (NBB)
Net result for the year
€13,052
2024 · €36,613-€23,560
Equity
-€140,045
2024 · -€153,097+€13,052
Cash
€57,447
2024 · €35,524+€21,923
Balance sheet total
€437,123
2024 · €427,713+€9,410
Largest movements
Assets
- Cash +€21,923
up €21,923 (+61.7%), from €35,524 to €57,447
mainly Depreciation (+€19,673) and Net result for the year (+€13,052)
- Tangible fixed assets -€13,202
down €13,202 (-3.4%), from €390,480 to €377,279
Equity and liabilities
- Profit (loss) carried forward +€13,052
up €13,052 (+2.6%), from -€504,097 to -€491,045
Income statement
- Financial income -€26,612
down €26,612 (-100.0%), from €26,613 to €0
- Gross operating margin +€3,262
up €3,262 (+9.4%), from €34,856 to €38,119
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€36,613
Gross operating margin
+€3,262
Depreciation
-€17
Other operating charges
-€155
Financial income
-€26,612
Financial charges
-€38
Result 2025
€13,052
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€28,040
Investment
-€6,471
Financing
+€355
Cash 2024
€35,524
From operations (derived)
+€28,040
Net result for the year
+€13,052
Depreciation
+€19,673
Deferred charges and accrued income
-€688
Trade debts
-€4,040
Accrued charges and deferred income
+€43
Investment (derived)
-€6,471
Investment in fixed assets (net)
-€6,471
Financing
+€355
Debts after one year
+€355
Cash 2025
€57,447
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €427,713 | €437,123 | +€9,410 | +2.2% |
| Fixed assets | 21/28 | €391,030 | €377,829 | -€13,202 | -3.4% |
| Tangible fixed assets | 22/27 | €390,480 | €377,279 | -€13,202 | -3.4% |
| Land and buildings | 22 | €390,480 | €377,279 | -€13,202 | -3.4% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €36,682 | €59,294 | +€22,612 | +61.6% |
| Cash at bank and in hand | 54/58 | €35,524 | €57,447 | +€21,923 | +61.7% |
| Deferred charges and accrued income | 490/1 | €1,159 | €1,847 | +€688 | +59.4% |
| Total equity and liabilities | 10/49 | €427,713 | €437,123 | +€9,410 | +2.2% |
| Equity | 10/15 | -€153,097 | -€140,045 | +€13,052 | +8.5% |
| Contributions | 10/11 | €351,000 | €351,000 | = | 0.0% |
| Capital | 10 | €351,000 | €351,000 | = | 0.0% |
| Issued capital | 100 | €351,000 | €351,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€504,097 | -€491,045 | +€13,052 | +2.6% |
| Amounts payable | 17/49 | €580,810 | €577,167 | -€3,642 | -0.6% |
| Amounts payable after more than one year | 17 | €570,213 | €570,568 | +€355 | +0.1% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €470,213 | €470,568 | +€355 | +0.1% |
| Amounts payable within one year | 42/48 | €10,300 | €6,259 | -€4,040 | -39.2% |
| Trade debts | 44 | €10,300 | €6,259 | -€4,040 | -39.2% |
| Suppliers | 440/4 | €10,300 | €6,259 | -€4,040 | -39.2% |
| Accrued charges and deferred income | 492/3 | €297 | €340 | +€43 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,656 | €19,673 | +€17 | +0.1% |
| Other operating charges | 640/8 | €4,958 | €5,113 | +€155 | +3.1% |
| Gross operating margin | 9900 | €34,856 | €38,119 | +€3,262 | +9.4% |
| Operating profit (loss) | 9901 | €10,243 | €13,333 | +€3,090 | +30.2% |
| Financial income | 75/76B | €26,613 | €0 | -€26,612 | -100.0% |
| Recurring financial income | 75 | €26,613 | €0 | -€26,612 | -100.0% |
| Financial charges | 65/66B | €243 | €281 | +€38 | +15.8% |
| Recurring financial charges | 65 | €243 | €281 | +€38 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €36,613 | €13,052 | -€23,560 | -64.4% |
| Profit (loss) for the period | 9904 | €36,613 | €13,052 | -€23,560 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,613 | €13,052 | -€23,560 | -64.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.