IMMO PATRI: 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.
IMMO PATRI
Largest movements
- Current investments +€656,698
up €656,698 (+302%), from €217,128 to €873,826
- Tangible fixed assets -€103,786
down €103,786 (-31.8%), from €326,615 to €222,828
of which Land and buildings: -€98,889
- Cash +€98,639
up €98,639 (+233%), from €42,398 to €141,037
mainly Net result for the year (+€534,657) and Provisions (+€137,756)
- Reserves +€534,657
up €534,657 (+139%), from €385,431 to €920,088
of which Tax-exempt reserves: +€462,025
- Provisions +€137,756
up €137,756 (+304%), from €45,381 to €183,136
- Other debts -€44,317
down €44,317 (-41.0%), from €108,161 to €63,844
- Tax, wage and social debts +€24,802
up €24,802 (+800%), from €3,098 to €27,901
- Gross operating margin +€666,861
up €666,861 (+2,277%), from €29,292 to €696,153
- Taxes +€34,395
up €34,395, from -€296 to €34,099
- Financial income +€31,551
up €31,551 (+457%), from €6,910 to €38,461
- Depreciation -€13,019
down €13,019 (-44.4%), from €29,350 to €16,331
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 | €589,069 | €1,238,975 | +€649,905 | +110% |
| Fixed assets | 21/28 | €326,615 | €222,828 | -€103,786 | -31.8% |
| Tangible fixed assets | 22/27 | €326,615 | €222,828 | -€103,786 | -31.8% |
| Land and buildings | 22 | €314,113 | €215,224 | -€98,889 | -31.5% |
| Plant, machinery and equipment | 23 | €4,736 | €1,700 | -€3,036 | -64.1% |
| Furniture and vehicles | 24 | €7,766 | €5,904 | -€1,861 | -24.0% |
| Current assets | 29/58 | €262,455 | €1,016,146 | +€753,692 | +287% |
| Amounts receivable within one year | 40/41 | €1,660 | €710 | -€950 | -57.2% |
| Trade receivables | 40 | €749 | €710 | -€39 | -5.2% |
| Other amounts receivable | 41 | €910 | €0 | -€910 | -100% |
| Current investments | 50/53 | €217,128 | €873,826 | +€656,698 | +302% |
| Cash at bank and in hand | 54/58 | €42,398 | €141,037 | +€98,639 | +233% |
| Deferred charges and accrued income | 490/1 | €1,269 | €573 | -€696 | -54.8% |
| Total equity and liabilities | 10/49 | €589,069 | €1,238,975 | +€649,905 | +110% |
| Equity | 10/15 | €421,748 | €956,405 | +€534,657 | +127% |
| Contributions | 10/11 | €36,317 | €36,317 | = | 0.0% |
| Reserves | 13 | €385,431 | €920,088 | +€534,657 | +139% |
| Tax-exempt reserves | 132 | €87,384 | €549,409 | +€462,025 | +529% |
| Distributable reserves | 133 | €298,047 | €370,680 | +€72,633 | +24.4% |
| Provisions and deferred taxes | 16 | €45,381 | €183,136 | +€137,756 | +304% |
| Deferred taxes | 168 | €45,381 | €183,136 | +€137,756 | +304% |
| Amounts payable | 17/49 | €121,941 | €99,433 | -€22,508 | -18.5% |
| Amounts payable after more than one year | 17 | €3,452 | €3,452 | = | 0.0% |
| Other amounts payable | 178/9 | €3,452 | €3,452 | = | 0.0% |
| Amounts payable within one year | 42/48 | €111,259 | €91,745 | -€19,514 | -17.5% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,098 | €27,901 | +€24,802 | +800% |
| Taxes | 450/3 | €3,098 | €27,901 | +€24,802 | +800% |
| Other amounts payable | 47/48 | €108,161 | €63,844 | -€44,317 | -41.0% |
| Accrued charges and deferred income | 492/3 | €7,230 | €4,236 | -€2,993 | -41.4% |
| Non-recurring operating income | 76A | - | €732,545 | +€732,545 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,350 | €16,331 | -€13,019 | -44.4% |
| Other operating charges | 640/8 | €6,043 | €4,087 | -€1,957 | -32.4% |
| Gross operating margin | 9900 | €29,292 | €696,153 | +€666,861 | +2,277% |
| Operating profit (loss) | 9901 | -€6,102 | €675,735 | +€681,836 | |
| Financial income | 75/76B | €6,910 | €38,461 | +€31,551 | +457% |
| Recurring financial income | 75 | €6,910 | €38,461 | +€31,551 | +457% |
| Financial charges | 65/66B | €11,380 | €7,684 | -€3,696 | -32.5% |
| Recurring financial charges | 65 | €11,380 | €7,684 | -€3,696 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,571 | €706,512 | +€717,083 | |
| Transfer from deferred taxes | 780 | €2,875 | €45,381 | +€42,506 | +1,479% |
| Transfer to deferred taxes | 680 | - | €183,136 | +€183,136 | |
| Income taxes | 67/77 | -€296 | €34,099 | +€34,395 | |
| Profit (loss) for the period | 9904 | -€7,400 | €534,657 | +€542,057 | |
| Transfer from tax-exempt reserves | 789 | €5,443 | €87,384 | +€81,941 | +1,506% |
| Transfer to tax-exempt reserves | 689 | - | €549,409 | +€549,409 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,957 | €72,633 | +€74,590 |
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.