PATRAMARC: 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.
PATRAMARC
Largest movements
- Tangible fixed assets +€48,676
up €48,676 (+8.9%), from €547,029 to €595,705
of which Land and buildings: +€24,747
- Receivables within one year -€40,437
no longer reported in 2025 (was €40,437)
- Cash -€25,140
down €25,140 (-49.8%), from €50,497 to €25,356
mainly Investment in fixed assets (net) (-€92,811) and Net result for the year (-€52,855)
- Deferred charges and accrued income -€14,683
down €14,683 (-84.9%), from €17,284 to €2,601
- Debts after one year +€76,955
up €76,955 (+51.0%), from €151,040 to €227,995
- Profit (loss) carried forward -€52,855
down €52,855 (-22.7%), from -€233,310 to -€286,165
- Accrued charges and deferred income -€34,367
no longer reported in 2025 (was €34,367)
- Trade debts -€21,838
down €21,838 (-92.7%), from €23,558 to €1,720
- Tax, wage and social debts -€19,988
down €19,988 (-98.9%), from €20,213 to €224
- Gross operating margin -€90,248
down €90,248, from €89,540 to -€708
- Financial charges -€14,751
down €14,751 (-82.3%), from €17,924 to €3,173
- Taxes -€6,870
down €6,870 (-98.9%), from €6,944 to €75
- Depreciation -€3,585
down €3,585 (-7.3%), from €49,196 to €45,611
- Other operating charges +€1,638
up €1,638 (+204%), from €804 to €2,442
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 | €656,723 | €623,663 | -€33,060 | -5.0% |
| Fixed assets | 21/28 | €548,505 | €595,705 | +€47,200 | +8.6% |
| Intangible fixed assets | 21 | €1,476 | - | -€1,476 | |
| Tangible fixed assets | 22/27 | €547,029 | €595,705 | +€48,676 | +8.9% |
| Land and buildings | 22 | €532,614 | €557,362 | +€24,747 | +4.6% |
| Furniture and vehicles | 24 | €14,415 | €38,344 | +€23,929 | +166% |
| Current assets | 29/58 | €108,218 | €27,958 | -€80,260 | -74.2% |
| Amounts receivable within one year | 40/41 | €40,437 | - | -€40,437 | |
| Trade receivables | 40 | €40,437 | - | -€40,437 | |
| Cash at bank and in hand | 54/58 | €50,497 | €25,356 | -€25,140 | -49.8% |
| Deferred charges and accrued income | 490/1 | €17,284 | €2,601 | -€14,683 | -84.9% |
| Total equity and liabilities | 10/49 | €656,723 | €623,663 | -€33,060 | -5.0% |
| Equity | 10/15 | €371,690 | €318,835 | -€52,855 | -14.2% |
| Contributions | 10/11 | €605,000 | €605,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€233,310 | -€286,165 | -€52,855 | -22.7% |
| Amounts payable | 17/49 | €285,033 | €304,828 | +€19,795 | +6.9% |
| Amounts payable after more than one year | 17 | €151,040 | €227,995 | +€76,955 | +51.0% |
| Financial debts | 170/4 | €151,040 | €227,995 | +€76,955 | +51.0% |
| Amounts payable within one year | 42/48 | €99,626 | €76,833 | -€22,793 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €11,952 | €20,100 | +€8,148 | +68.2% |
| Trade debts | 44 | €23,558 | €1,720 | -€21,838 | -92.7% |
| Suppliers | 440/4 | €23,558 | €1,720 | -€21,838 | -92.7% |
| Taxes, remuneration and social security | 45 | €20,213 | €224 | -€19,988 | -98.9% |
| Taxes | 450/3 | €20,213 | €224 | -€19,988 | -98.9% |
| Other amounts payable | 47/48 | €43,903 | €54,788 | +€10,885 | +24.8% |
| Accrued charges and deferred income | 492/3 | €34,367 | - | -€34,367 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,196 | €45,611 | -€3,585 | -7.3% |
| Other operating charges | 640/8 | €804 | €2,442 | +€1,638 | +204% |
| Non-recurring operating charges | 66A | - | €849 | +€849 | |
| Gross operating margin | 9900 | €89,540 | -€708 | -€90,248 | |
| Operating profit (loss) | 9901 | €39,540 | -€49,610 | -€89,150 | |
| Financial income | 75/76B | €1 | €3 | +€2 | +124% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +124% |
| Financial charges | 65/66B | €17,924 | €3,173 | -€14,751 | -82.3% |
| Recurring financial charges | 65 | €17,924 | €3,173 | -€14,751 | -82.3% |
| Profit (loss) for the period before taxes | 9903 | €21,617 | -€52,780 | -€74,397 | |
| Income taxes | 67/77 | €6,944 | €75 | -€6,870 | -98.9% |
| Profit (loss) for the period | 9904 | €14,673 | -€52,855 | -€67,527 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,673 | -€52,855 | -€67,527 |
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 17 October 2026 via checked.be.