PATRI: 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
PATRI
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€143,798
2024 · -€59,892-€83,906
Equity
€2.7m
2024 · €2.8m-€143,798
Cash
€92,964
2024 · €74,653+€18,311
Balance sheet total
€4.1m
2024 · €4.3m-€265,234
Largest movements
Assets
- Receivables within one year -€192,974
down €192,974 (-97.6%), from €197,744 to €4,770
of which Trade receivables: -€195,048
- Tangible fixed assets -€44,551
down €44,551 (-1.6%), from €2.9m to €2.8m
of which Furniture and vehicles: -€27,005
Equity and liabilities
- Profit (loss) carried forward -€141,521
down €141,521 (-8.5%), from €1.7m to €1.5m
- Debts after one year -€117,481
down €117,481 (-30.2%), from €388,619 to €271,138
of which Financial debts: -€111,181
Income statement
- Gross operating margin -€173,388
down €173,388, from €169,701 to -€3,687
- Taxes -€144,934
down €144,934 (-99.5%), from €145,605 to €671
- Financial charges -€40,205
down €40,205 (-34.2%), from €117,465 to €77,260
- Depreciation -€7,419
down €7,419 (-11.0%), from €67,322 to €59,903
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
-€59,892
Gross operating margin
-€173,388
Depreciation
+€7,419
Other operating charges
+€1,146
Other operating items
+€93,813
Financial income
+€579
Financial charges
+€40,205
Taxes
+€144,934
Deferred taxes and other
-€198,614
Result 2025
-€143,798
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
+€124,501
Investment
+€30,273
Financing
-€136,463
Cash 2024
€74,653
From operations (derived)
+€124,501
Net result for the year
-€143,798
Depreciation
+€59,903
Receivables within one year
+€192,974
Deferred charges and accrued income
+€396
Provisions
-€943
Trade debts
-€1,162
Tax, wage and social debts
+€577
Other debts
+€24,063
Accrued charges and deferred income
-€7,509
Investment (derived)
+€30,273
Investment in fixed assets (net)
-€9,843
Current investments
+€40,116
Financing
-€136,463
Debts after one year
-€117,481
Current portion of long-term debt
-€18,982
Cash 2025
€92,964
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,336,574 | €4,071,339 | -€265,234 | -6.1% |
| Fixed assets | 21/28 | €3,300,854 | €3,250,795 | -€50,059 | -1.5% |
| Intangible fixed assets | 21 | €446,184 | €440,675 | -€5,508 | -1.2% |
| Tangible fixed assets | 22/27 | €2,854,381 | €2,809,830 | -€44,551 | -1.6% |
| Land and buildings | 22 | €2,754,042 | €2,736,497 | -€17,546 | -0.6% |
| Furniture and vehicles | 24 | €100,339 | €73,333 | -€27,005 | -26.9% |
| Financial fixed assets | 28 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €1,035,719 | €820,544 | -€215,175 | -20.8% |
| Amounts receivable within one year | 40/41 | €197,744 | €4,770 | -€192,974 | -97.6% |
| Trade receivables | 40 | €195,048 | - | -€195,048 | |
| Other amounts receivable | 41 | €2,695 | €4,770 | +€2,074 | +76.9% |
| Current investments | 50/53 | €752,890 | €712,774 | -€40,116 | -5.3% |
| Cash at bank and in hand | 54/58 | €74,653 | €92,964 | +€18,311 | +24.5% |
| Deferred charges and accrued income | 490/1 | €10,433 | €10,037 | -€396 | -3.8% |
| Total equity and liabilities | 10/49 | €4,336,574 | €4,071,339 | -€265,234 | -6.1% |
| Equity | 10/15 | €2,841,250 | €2,697,452 | -€143,798 | -5.1% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €767,689 | €765,412 | -€2,276 | -0.3% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €187,378 | €185,101 | -€2,276 | -1.2% |
| Distributable reserves | 133 | €540,311 | €540,311 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,673,561 | €1,532,040 | -€141,521 | -8.5% |
| Provisions and deferred taxes | 16 | €77,425 | €76,482 | -€943 | -1.2% |
| Deferred taxes | 168 | €77,425 | €76,482 | -€943 | -1.2% |
| Amounts payable | 17/49 | €1,417,900 | €1,297,406 | -€120,494 | -8.5% |
| Amounts payable after more than one year | 17 | €388,619 | €271,138 | -€117,481 | -30.2% |
| Financial debts | 170/4 | €382,319 | €271,138 | -€111,181 | -29.1% |
| Other amounts payable | 178/9 | €6,300 | - | -€6,300 | |
| Amounts payable within one year | 42/48 | €959,356 | €963,853 | +€4,497 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €65,593 | €46,612 | -€18,982 | -28.9% |
| Trade debts | 44 | €1,624 | €462 | -€1,162 | -71.6% |
| Suppliers | 440/4 | €1,624 | €462 | -€1,162 | -71.6% |
| Taxes, remuneration and social security | 45 | €28,103 | €28,680 | +€577 | +2.1% |
| Taxes | 450/3 | €28,103 | €28,680 | +€577 | +2.1% |
| Other amounts payable | 47/48 | €864,036 | €888,099 | +€24,063 | +2.8% |
| Accrued charges and deferred income | 492/3 | €69,925 | €62,415 | -€7,509 | -10.7% |
| Non-recurring operating income | 76A | €197,198 | - | -€197,198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,322 | €59,903 | -€7,419 | -11.0% |
| Other operating charges | 640/8 | €14,228 | €13,082 | -€1,146 | -8.1% |
| Non-recurring operating charges | 66A | €93,813 | - | -€93,813 | |
| Gross operating margin | 9900 | €169,701 | -€3,687 | -€173,388 | |
| Operating profit (loss) | 9901 | -€5,662 | -€76,671 | -€71,010 | -1,254% |
| Financial income | 75/76B | €9,282 | €9,862 | +€579 | +6.2% |
| Recurring financial income | 75 | €9,282 | €9,862 | +€579 | +6.2% |
| Financial charges | 65/66B | €117,465 | €77,260 | -€40,205 | -34.2% |
| Recurring financial charges | 65 | €117,465 | €77,260 | -€40,205 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | -€113,844 | -€144,070 | -€30,226 | -26.5% |
| Transfer from deferred taxes | 780 | €199,557 | €943 | -€198,614 | -99.5% |
| Income taxes | 67/77 | €145,605 | €671 | -€144,934 | -99.5% |
| Profit (loss) for the period | 9904 | -€59,892 | -€143,798 | -€83,906 | -140% |
| Transfer from tax-exempt reserves | 789 | €475,110 | €2,276 | -€472,834 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €415,218 | -€141,521 | -€556,740 |
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 25 October 2026 via checked.be.