PATREAN: 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.
PATREAN
Largest movements
- Tangible fixed assets +€902,513
up €902,513 (+8.8%), from €10.3m to €11.2m
of which Land and buildings: +€1.0m
- Cash -€900,545
down €900,545 (-60.5%), from €1.5m to €588,967
mainly Contributions, distributions and other (-€1.7m) and Investment in fixed assets (net) (-€1.4m)
- Receivables within one year -€894,424
down €894,424 (-50.7%), from €1.8m to €869,987
of which Other amounts receivable: -€842,425
- Reserves -€1.6m
down €1.6m (-14.7%), from €11.2m to €9.6m
of which Distributable reserves: -€1.5m
- Other debts +€614,662
up €614,662 (+792%), from €77,604 to €692,265
- Current portion of long-term debt +€170,106
up €170,106 (+236%), from €71,948 to €242,053
- Debts after one year +€149,931
up €149,931 (+7.2%), from €2.1m to €2.2m
of which Financial debts: +€149,931
- Provisions +€62,562
up €62,562, from -€62,562 to €0
- Financial charges +€40,608
up €40,608 (+67.1%), from €60,479 to €101,087
- Financial income -€36,095
down €36,095 (-27.3%), from €132,233 to €96,138
- Other operating charges -€21,975
down €21,975 (-74.3%), from €29,583 to €7,608
- Gross operating margin -€21,459
down €21,459 (-3.4%), from €628,762 to €607,303
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 | €14,768,048 | €13,865,265 | -€902,783 | -6.1% |
| Fixed assets | 21/28 | €11,291,514 | €12,194,027 | +€902,513 | +8.0% |
| Tangible fixed assets | 22/27 | €10,276,908 | €11,179,421 | +€902,513 | +8.8% |
| Land and buildings | 22 | €9,318,856 | €10,346,068 | +€1.0m | +11.0% |
| Plant, machinery and equipment | 23 | €366,410 | €304,691 | -€61,719 | -16.8% |
| Furniture and vehicles | 24 | €558,130 | €510,617 | -€47,512 | -8.5% |
| Leasing and similar rights | 25 | €33,512 | €18,045 | -€15,467 | -46.2% |
| Financial fixed assets | 28 | €1,014,606 | €1,014,606 | = | 0.0% |
| Current assets | 29/58 | €3,476,535 | €1,671,238 | -€1.8m | -51.9% |
| Amounts receivable within one year | 40/41 | €1,764,411 | €869,987 | -€894,424 | -50.7% |
| Trade receivables | 40 | €153,825 | €101,826 | -€52,000 | -33.8% |
| Other amounts receivable | 41 | €1,610,586 | €768,161 | -€842,425 | -52.3% |
| Current investments | 50/53 | €130,006 | €124,871 | -€5,135 | -3.9% |
| Cash at bank and in hand | 54/58 | €1,489,512 | €588,967 | -€900,545 | -60.5% |
| Deferred charges and accrued income | 490/1 | €92,606 | €87,414 | -€5,192 | -5.6% |
| Total equity and liabilities | 10/49 | €14,768,048 | €13,865,265 | -€902,783 | -6.1% |
| Equity | 10/15 | €11,256,747 | €9,614,854 | -€1.6m | -14.6% |
| Contributions | 10/11 | €50,508 | €50,508 | = | 0.0% |
| Reserves | 13 | €11,206,239 | €9,564,346 | -€1.6m | -14.7% |
| Tax-exempt reserves | 132 | €2,634,136 | €2,534,296 | -€99,839 | -3.8% |
| Distributable reserves | 133 | €8,572,103 | €7,030,050 | -€1.5m | -18.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €906,074 | €871,480 | -€34,594 | -3.8% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Deferred taxes | 168 | €906,074 | €871,480 | -€34,594 | -3.8% |
| Amounts payable | 17/49 | €2,605,227 | €3,378,931 | +€773,703 | +29.7% |
| Amounts payable after more than one year | 17 | €2,094,010 | €2,243,941 | +€149,931 | +7.2% |
| Financial debts | 170/4 | €2,088,828 | €2,238,759 | +€149,931 | +7.2% |
| Other amounts payable | 178/9 | €5,182 | €5,182 | = | 0.0% |
| Amounts payable within one year | 42/48 | €480,908 | €1,082,754 | +€601,846 | +125% |
| Current portion of amounts payable after more than one year | 42 | €71,948 | €242,053 | +€170,106 | +236% |
| Trade debts | 44 | €212,708 | €116,580 | -€96,128 | -45.2% |
| Suppliers | 440/4 | €212,708 | €116,580 | -€96,128 | -45.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €118,648 | €31,856 | -€86,793 | -73.2% |
| Taxes | 450/3 | €118,648 | €31,856 | -€86,793 | -73.2% |
| Other amounts payable | 47/48 | €77,604 | €692,265 | +€614,662 | +792% |
| Accrued charges and deferred income | 492/3 | €30,309 | €52,236 | +€21,926 | +72.3% |
| Non-recurring operating income | 76A | €208,142 | €0 | -€208,142 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €457,204 | €477,321 | +€20,117 | +4.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€62,562 | €0 | +€62,562 | |
| Other operating charges | 640/8 | €29,583 | €7,608 | -€21,975 | -74.3% |
| Gross operating margin | 9900 | €628,762 | €607,303 | -€21,459 | -3.4% |
| Operating profit (loss) | 9901 | €204,538 | €122,375 | -€82,163 | -40.2% |
| Financial income | 75/76B | €132,233 | €96,138 | -€36,095 | -27.3% |
| Recurring financial income | 75 | €132,233 | €96,138 | -€36,095 | -27.3% |
| Financial charges | 65/66B | €60,479 | €101,087 | +€40,608 | +67.1% |
| Recurring financial charges | 65 | €60,479 | €101,087 | +€40,608 | +67.1% |
| Profit (loss) for the period before taxes | 9903 | €276,292 | €117,425 | -€158,866 | -57.5% |
| Transfer from deferred taxes | 780 | €32,437 | €34,594 | +€2,157 | +6.6% |
| Transfer to deferred taxes | 680 | €52,035 | €0 | -€52,035 | -100% |
| Income taxes | 67/77 | €45,158 | €61,394 | +€16,236 | +36.0% |
| Profit (loss) for the period | 9904 | €211,536 | €90,625 | -€120,910 | -57.2% |
| Transfer from tax-exempt reserves | 789 | €93,049 | €99,839 | +€6,791 | +7.3% |
| Transfer to tax-exempt reserves | 689 | €156,106 | €0 | -€156,106 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €148,478 | €190,465 | +€41,986 | +28.3% |
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 22 October 2026 via checked.be.