PAT-PROMOTION: what changed
What changed
PAT-PROMOTION
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€302,811
2024 · -€393,771+€90,960
Equity
€29,705
2024 · €332,516-€302,811
Cash
€161,490
2024 · €77,841+€83,649
Balance sheet total
€34.4m
2024 · €33.6m+€771,643
Largest movements
Assets
- Receivables within one year +€696,512
up €696,512 (+4.3%), from €16.3m to €17.0m
of which Other amounts receivable: +€696,562
Equity and liabilities
- Other debts +€1.9m
up €1.9m (+6.0%), from €31.4m to €33.3m
- Debts after one year -€750,000
down €750,000 (-42.9%), from €1.8m to €1.0m
Income statement
- Financial charges -€61,203
down €61,203 (-26.8%), from €228,538 to €167,335
- Gross operating margin +€22,890
up €22,890 (+10.6%), from -€216,589 to -€193,699
- Financial income +€10,289
up €10,289 (+13.9%), from €74,087 to €84,376
- Other operating charges +€2,892
up €2,892 (+48.3%), from €5,983 to €8,875
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
-€393,771
Gross operating margin
+€22,890
Depreciation
-€441
Other operating charges
-€2,892
Financial income
+€10,289
Financial charges
+€61,203
Taxes
-€88
Result 2025
-€302,811
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
+€839,649
Investment
-€6,000
Financing
-€750,000
Cash 2024
€77,841
From operations (derived)
+€839,649
Net result for the year
-€302,811
Depreciation
+€15,156
Receivables within one year
-€696,512
Smaller working-capital items
-€541
Trade debts
+€5,830
Other debts
+€1.9m
Accrued charges and deferred income
-€69,550
Investment (derived)
-€6,000
Investment in fixed assets (net)
-€6,000
Financing
-€750,000
Debts after one year
-€750,000
Cash 2025
€161,490
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,630,176 | €34,401,819 | +€771,643 | +2.3% |
| Fixed assets | 21/28 | €17,296,043 | €17,286,887 | -€9,156 | -0.1% |
| Tangible fixed assets | 22/27 | €51,943 | €42,787 | -€9,156 | -17.6% |
| Land and buildings | 22 | €30,667 | €30,449 | -€218 | -0.7% |
| Plant, machinery and equipment | 23 | €11,059 | €7,938 | -€3,121 | -28.2% |
| Furniture and vehicles | 24 | €10,217 | €4,400 | -€5,817 | -56.9% |
| Financial fixed assets | 28 | €17,244,100 | €17,244,100 | = | 0.0% |
| Current assets | 29/58 | €16,334,133 | €17,114,932 | +€780,799 | +4.8% |
| Amounts receivable within one year | 40/41 | €16,254,286 | €16,950,798 | +€696,512 | +4.3% |
| Trade receivables | 40 | €7,550 | €7,500 | -€50 | -0.7% |
| Other amounts receivable | 41 | €16,246,736 | €16,943,298 | +€696,562 | +4.3% |
| Cash at bank and in hand | 54/58 | €77,841 | €161,490 | +€83,649 | +107% |
| Deferred charges and accrued income | 490/1 | €2,006 | €2,644 | +€638 | +31.8% |
| Total equity and liabilities | 10/49 | €33,630,176 | €34,401,819 | +€771,643 | +2.3% |
| Equity | 10/15 | €332,516 | €29,705 | -€302,811 | -91.1% |
| Contributions | 10/11 | €1,768,600 | €1,768,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,436,084 | -€1,738,895 | -€302,811 | -21.1% |
| Amounts payable | 17/49 | €33,297,660 | €34,372,114 | +€1.1m | +3.2% |
| Amounts payable after more than one year | 17 | €1,750,000 | €1,000,000 | -€750,000 | -42.9% |
| Other amounts payable | 178/9 | €1,750,000 | €1,000,000 | -€750,000 | -42.9% |
| Amounts payable within one year | 42/48 | €31,407,310 | €33,301,314 | +€1.9m | +6.0% |
| Trade debts | 44 | €13,195 | €19,025 | +€5,830 | +44.2% |
| Suppliers | 440/4 | €13,195 | €19,025 | +€5,830 | +44.2% |
| Taxes, remuneration and social security | 45 | €4,672 | €4,769 | +€97 | +2.1% |
| Taxes | 450/3 | €4,672 | €4,769 | +€97 | +2.1% |
| Other amounts payable | 47/48 | €31,389,442 | €33,277,520 | +€1.9m | +6.0% |
| Accrued charges and deferred income | 492/3 | €140,350 | €70,800 | -€69,550 | -49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,715 | €15,156 | +€441 | +3.0% |
| Other operating charges | 640/8 | €5,983 | €8,875 | +€2,892 | +48.3% |
| Gross operating margin | 9900 | -€216,589 | -€193,699 | +€22,890 | +10.6% |
| Operating profit (loss) | 9901 | -€237,287 | -€217,731 | +€19,557 | +8.2% |
| Financial income | 75/76B | €74,087 | €84,376 | +€10,289 | +13.9% |
| Recurring financial income | 75 | €74,087 | €84,376 | +€10,289 | +13.9% |
| Financial charges | 65/66B | €228,538 | €167,335 | -€61,203 | -26.8% |
| Recurring financial charges | 65 | €228,538 | €167,335 | -€61,203 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | -€391,739 | -€300,690 | +€91,048 | +23.2% |
| Income taxes | 67/77 | €2,032 | €2,121 | +€88 | +4.3% |
| Profit (loss) for the period | 9904 | -€393,771 | -€302,811 | +€90,960 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€393,771 | -€302,811 | +€90,960 | +23.1% |
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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 1 November 2026 via checked.be.