PATIO 12: 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
PATIO 12
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€67,280
2024 · €770,333-€837,613
Equity
€793,649
2024 · €860,929-€67,280
Cash
€72,323
2024 · €816,626-€744,302
Balance sheet total
€1.9m
2024 · €2.0m-€4,481
Largest movements
Assets
- Cash -€744,302
down €744,302 (-91.1%), from €816,626 to €72,323
mainly Receivables within one year (-€623,553) and Investment in fixed assets (net) (-€116,825)
- Receivables within one year +€623,553
up €623,553 (+116%), from €538,030 to €1.2m
of which Trade receivables: +€623,553
- Tangible fixed assets +€116,275
up €116,275 (+38.4%), from €302,598 to €418,873
of which Furniture and vehicles: +€106,950
Equity and liabilities
- Profit (loss) carried forward -€67,280
down €67,280 (-294%), from -€22,865 to -€90,145
- Debts after one year +€28,969
up €28,969 (+5.4%), from €532,809 to €561,779
Income statement
- Gross operating margin -€1.1m
down €1.1m, from €1.1m to -€36,579
- Financial charges -€66,816
down €66,816 (-73.8%), from €90,552 to €23,736
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
€770,333
Gross operating margin
-€1.1m
Depreciation
+€236
Other operating charges
+€2,768
Other operating items
+€545
Financial income
-€0
Financial charges
+€66,816
Taxes
-€212
Deferred taxes and other
+€202,982
Result 2025
-€67,280
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
-€680,831
Investment
-€116,825
Financing
+€53,354
Cash 2024
€816,626
From operations (derived)
-€680,831
Net result for the year
-€67,280
Depreciation
+€550
Receivables within one year
-€623,553
Smaller working-capital items
-€1,538
Tax, wage and social debts
+€3,261
Other debts
+€7,728
Investment (derived)
-€116,825
Investment in fixed assets (net)
-€116,825
Financing
+€53,354
Debts after one year
+€28,969
Current portion of long-term debt
+€12,172
Short-term financial debts
+€12,212
Cash 2025
€72,323
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,953,296 | €1,948,815 | -€4,481 | -0.2% |
| Fixed assets | 21/28 | €302,598 | €418,873 | +€116,275 | +38.4% |
| Tangible fixed assets | 22/27 | €302,598 | €418,873 | +€116,275 | +38.4% |
| Land and buildings | 22 | €190,967 | €190,967 | = | 0.0% |
| Furniture and vehicles | 24 | €111,631 | €218,581 | +€106,950 | +95.8% |
| Other tangible fixed assets | 26 | - | €9,325 | +€9,325 | |
| Current assets | 29/58 | €1,650,698 | €1,529,942 | -€120,756 | -7.3% |
| Stocks and contracts in progress | 3 | €295,182 | €295,182 | = | 0.0% |
| Stocks | 30/36 | €295,182 | €295,182 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €538,030 | €1,161,583 | +€623,553 | +116% |
| Trade receivables | 40 | €538,030 | €1,161,583 | +€623,553 | +116% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €816,626 | €72,323 | -€744,302 | -91.1% |
| Deferred charges and accrued income | 490/1 | €860 | €854 | -€6 | -0.7% |
| Total equity and liabilities | 10/49 | €1,953,296 | €1,948,815 | -€4,481 | -0.2% |
| Equity | 10/15 | €860,929 | €793,649 | -€67,280 | -7.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €821,795 | €821,795 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,897 | €2,897 | = | 0.0% |
| Legal reserve | 130 | €2,897 | €2,897 | = | 0.0% |
| Tax-exempt reserves | 132 | €811,927 | €811,927 | = | 0.0% |
| Distributable reserves | 133 | €6,971 | €6,971 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,865 | -€90,145 | -€67,280 | -294% |
| Provisions and deferred taxes | 16 | €202,982 | €202,982 | = | 0.0% |
| Deferred taxes | 168 | €202,982 | €202,982 | = | 0.0% |
| Amounts payable | 17/49 | €889,384 | €952,184 | +€62,799 | +7.1% |
| Amounts payable after more than one year | 17 | €532,809 | €561,779 | +€28,969 | +5.4% |
| Financial debts | 170/4 | €532,809 | €561,779 | +€28,969 | +5.4% |
| Amounts payable within one year | 42/48 | €356,565 | €390,405 | +€33,839 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €12,172 | +€12,172 | |
| Financial debts | 43 | €250,000 | €262,212 | +€12,212 | +4.9% |
| Credit institutions | 430/8 | €250,000 | €262,212 | +€12,212 | +4.9% |
| Trade debts | 44 | €3,928 | €2,394 | -€1,535 | -39.1% |
| Suppliers | 440/4 | €3,928 | €2,394 | -€1,535 | -39.1% |
| Taxes, remuneration and social security | 45 | €3,340 | €6,601 | +€3,261 | +97.6% |
| Taxes | 450/3 | €3,340 | €6,601 | +€3,261 | +97.6% |
| Other amounts payable | 47/48 | €99,297 | €107,026 | +€7,728 | +7.8% |
| Accrued charges and deferred income | 492/3 | €10 | €0 | -€10 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €785 | €550 | -€236 | -30.0% |
| Other operating charges | 640/8 | €8,975 | €6,207 | -€2,768 | -30.8% |
| Non-recurring operating charges | 66A | €545 | €0 | -€545 | -100% |
| Gross operating margin | 9900 | €1,074,168 | -€36,579 | -€1.1m | |
| Operating profit (loss) | 9901 | €1,063,863 | -€43,336 | -€1.1m | |
| Financial income | 75/76B | €5 | €5 | -€0 | -7.5% |
| Recurring financial income | 75 | €5 | €5 | -€0 | -7.5% |
| Financial charges | 65/66B | €90,552 | €23,736 | -€66,816 | -73.8% |
| Recurring financial charges | 65 | €90,552 | €23,736 | -€66,816 | -73.8% |
| Profit (loss) for the period before taxes | 9903 | €973,316 | -€67,067 | -€1.0m | |
| Transfer to deferred taxes | 680 | €202,982 | €0 | -€202,982 | -100% |
| Income taxes | 67/77 | €1 | €213 | +€212 | +27,160% |
| Profit (loss) for the period | 9904 | €770,333 | -€67,280 | -€837,613 | |
| Transfer to tax-exempt reserves | 689 | €811,927 | €0 | -€811,927 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,594 | -€67,280 | -€25,686 | -61.8% |
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 31 October 2026 via checked.be.