PATIMMO: what changed
Two fiscal 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
PATIMMO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€153,519
2024 · €1.5m-€1.7m
Equity
€2.2m
2024 · €2.4m-€153,519
Cash
€800,546
2024 · €1.7m-€899,175
Balance sheet total
€6.0m
2024 · €6.8m-€815,737
Largest movements
Assets
- Cash -€899,175
down €899,175 (-52.9%), from €1.7m to €800,546
mainly Investment in fixed assets (net) (-€332,886) and Short-term financial debts (-€325,000)
Equity and liabilities
- Short-term financial debts -€325,000
down €325,000 (-100.0%), from €325,000 to €0
- Debts after one year -€179,043
down €179,043 (-8.3%), from €2.1m to €2.0m
- Other debts -€150,887
down €150,887 (-11.0%), from €1.4m to €1.2m
- Reserves -€100,198
down €100,198 (-8.2%), from €1.2m to €1.1m
of which Tax-exempt reserves: -€100,198
Income statement
- Gross operating margin -€2.2m
down €2.2m (-91.2%), from €2.4m to €211,280
- Taxes -€40,961
down €40,961 (-95.7%), from €42,784 to €1,823
- Financial charges -€36,298
down €36,298 (-41.3%), from €87,899 to €51,601
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
€1.5m
Gross operating margin
-€2.2m
Depreciation
-€12,495
Other operating charges
+€22,558
Financial income
+€6,478
Financial charges
+€36,298
Taxes
+€40,961
Deferred taxes and other
+€407,967
Result 2025
-€153,519
Cash bridge derived
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
-€65,557
Investment
-€332,886
Financing
-€500,732
Cash 2024
€1.7m
From operations (derived)
-€65,557
Net result for the year
-€153,519
Depreciation
+€308,955
Receivables within one year
-€60,757
Deferred charges and accrued income
+€1,250
Provisions
-€33,399
Trade debts
+€1,749
Tax, wage and social debts
-€26,579
Advances received
+€50,000
Other debts
-€150,887
Accrued charges and deferred income
-€2,370
Investment (derived)
-€332,886
Investment in fixed assets (net)
-€332,886
Financing
-€500,732
Debts after one year
-€179,043
Current portion of long-term debt
+€3,311
Short-term financial debts
-€325,000
Cash 2025
€800,546
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,816,625 | €6,000,888 | -€815,737 | -12.0% |
| Fixed assets | 21/28 | €4,993,452 | €5,017,383 | +€23,931 | +0.5% |
| Tangible fixed assets | 22/27 | €4,993,452 | €5,017,383 | +€23,931 | +0.5% |
| Land and buildings | 22 | €4,103,712 | €3,948,398 | -€155,314 | -3.8% |
| Plant, machinery and equipment | 23 | €868,562 | €1,024,880 | +€156,318 | +18.0% |
| Furniture and vehicles | 24 | €20,114 | €40,322 | +€20,208 | +100.5% |
| Leasing and similar rights | 25 | €1,063 | €3,782 | +€2,719 | +255.7% |
| Current assets | 29/58 | €1,823,173 | €983,505 | -€839,668 | -46.1% |
| Amounts receivable within one year | 40/41 | €6,117 | €66,875 | +€60,757 | +993.2% |
| Trade receivables | 40 | €6,003 | €64,358 | +€58,354 | +972.0% |
| Other amounts receivable | 41 | €114 | €2,517 | +€2,403 | +2108.5% |
| Current investments | 50/53 | €100,665 | €100,665 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,699,721 | €800,546 | -€899,175 | -52.9% |
| Deferred charges and accrued income | 490/1 | €16,670 | €15,419 | -€1,250 | -7.5% |
| Total equity and liabilities | 10/49 | €6,816,625 | €6,000,888 | -€815,737 | -12.0% |
| Equity | 10/15 | €2,366,079 | €2,212,560 | -€153,519 | -6.5% |
| Contributions | 10/11 | €950,000 | €950,000 | = | 0.0% |
| Capital | 10 | €950,000 | €950,000 | = | 0.0% |
| Issued capital | 100 | €950,000 | €950,000 | = | 0.0% |
| Reserves | 13 | €1,218,702 | €1,118,504 | -€100,198 | -8.2% |
| Non-distributable reserves | 130/1 | €95,000 | €95,000 | = | 0.0% |
| Legal reserve | 130 | €95,000 | €95,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,123,702 | €1,023,504 | -€100,198 | -8.9% |
| Profit (loss) carried forward | 14 | €197,377 | €144,055 | -€53,321 | -27.0% |
| Provisions and deferred taxes | 16 | €374,567 | €341,168 | -€33,399 | -8.9% |
| Deferred taxes | 168 | €374,567 | €341,168 | -€33,399 | -8.9% |
| Amounts payable | 17/49 | €4,075,979 | €3,447,160 | -€628,818 | -15.4% |
| Amounts payable after more than one year | 17 | €2,144,321 | €1,965,278 | -€179,043 | -8.3% |
| Financial debts | 170/4 | €2,144,321 | €1,965,278 | -€179,043 | -8.3% |
| Amounts payable within one year | 42/48 | €1,923,453 | €1,476,047 | -€447,406 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €175,732 | €179,043 | +€3,311 | +1.9% |
| Financial debts | 43 | €325,000 | €0 | -€325,000 | -100.0% |
| Credit institutions | 430/8 | €325,000 | €0 | -€325,000 | -100.0% |
| Trade debts | 44 | €18,807 | €20,556 | +€1,749 | +9.3% |
| Suppliers | 440/4 | €18,807 | €20,556 | +€1,749 | +9.3% |
| Advances received on contracts in progress | 46 | - | €50,000 | +€50,000 | |
| Taxes, remuneration and social security | 45 | €26,579 | €0 | -€26,579 | -100.0% |
| Taxes | 450/3 | €26,579 | €0 | -€26,579 | -100.0% |
| Other amounts payable | 47/48 | €1,377,335 | €1,226,448 | -€150,887 | -11.0% |
| Accrued charges and deferred income | 492/3 | €8,205 | €5,835 | -€2,370 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €296,460 | €308,955 | +€12,495 | +4.2% |
| Other operating charges | 640/8 | €64,873 | €42,314 | -€22,558 | -34.8% |
| Gross operating margin | 9900 | €2,390,239 | €211,280 | -€2.2m | -91.2% |
| Operating profit (loss) | 9901 | €2,028,906 | -€139,989 | -€2.2m | |
| Financial income | 75/76B | €17 | €6,495 | +€6,478 | +39166.7% |
| Recurring financial income | 75 | €17 | €6,495 | +€6,478 | +39166.7% |
| Financial charges | 65/66B | €87,899 | €51,601 | -€36,298 | -41.3% |
| Recurring financial charges | 65 | €87,899 | €51,601 | -€36,298 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €1,941,024 | -€185,096 | -€2.1m | |
| Transfer from deferred taxes | 780 | €31,319 | €33,399 | +€2,081 | +6.6% |
| Transfer to deferred taxes | 680 | €405,886 | €0 | -€405,886 | -100.0% |
| Income taxes | 67/77 | €42,784 | €1,823 | -€40,961 | -95.7% |
| Profit (loss) for the period | 9904 | €1,523,673 | -€153,519 | -€1.7m | |
| Transfer from tax-exempt reserves | 789 | €93,956 | €100,198 | +€6,242 | +6.6% |
| Transfer to tax-exempt reserves | 689 | €1,217,658 | €0 | -€1.2m | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €399,970 | -€53,321 | -€453,292 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.