PATRI M: 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.
PATRI M
Largest movements
- Current investments +€80,925
up €80,925 (+56.6%), from €142,898 to €223,823
- Receivables within one year -€44,270
down €44,270 (-62.2%), from €71,149 to €26,879
- Cash +€33,387
up €33,387 (+123%), from €27,185 to €60,573
mainly Net result for the year (+€56,397) and Other debts (+€54,722)
- Tangible fixed assets -€27,313
down €27,313 (-16.0%), from €170,204 to €142,890
of which Land and buildings: -€23,409
- Other debts +€54,722
new in 2025: €54,722
- Debts after one year -€22,175
down €22,175 (-37.0%), from €59,949 to €37,774
- Reserves +€6,360
up €6,360 (+6.1%), from €103,900 to €110,260
- Gross operating margin +€10,606
up €10,606 (+10.2%), from €104,218 to €114,824
- Taxes +€3,574
up €3,574 (+15.7%), from €22,802 to €26,376
- Financial charges -€1,503
down €1,503 (-25.4%), from €5,910 to €4,407
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 | €411,619 | €454,348 | +€42,729 | +10.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €170,387 | €143,073 | -€27,313 | -16.0% |
| Tangible fixed assets | 22/27 | €170,204 | €142,890 | -€27,313 | -16.0% |
| Land and buildings | 22 | €150,582 | €127,173 | -€23,409 | -15.5% |
| Plant, machinery and equipment | 23 | €17,356 | €14,263 | -€3,093 | -17.8% |
| Furniture and vehicles | 24 | €2,265 | €1,454 | -€811 | -35.8% |
| Financial fixed assets | 28 | €183 | €183 | = | 0.0% |
| Current assets | 29/58 | €241,232 | €311,274 | +€70,042 | +29.0% |
| Amounts receivable within one year | 40/41 | €71,149 | €26,879 | -€44,270 | -62.2% |
| Other amounts receivable | 41 | €71,149 | €26,879 | -€44,270 | -62.2% |
| Current investments | 50/53 | €142,898 | €223,823 | +€80,925 | +56.6% |
| Cash at bank and in hand | 54/58 | €27,185 | €60,573 | +€33,387 | +123% |
| Total equity and liabilities | 10/49 | €411,619 | €454,348 | +€42,729 | +10.4% |
| Equity | 10/15 | €321,327 | €327,724 | +€6,397 | +2.0% |
| Contributions | 10/11 | €51,000 | €51,000 | = | 0.0% |
| Reserves | 13 | €103,900 | €110,260 | +€6,360 | +6.1% |
| Distributable reserves | 133 | €103,900 | €110,260 | +€6,360 | +6.1% |
| Profit (loss) carried forward | 14 | €166,427 | €166,464 | +€37 | 0.0% |
| Amounts payable | 17/49 | €90,291 | €126,624 | +€36,332 | +40.2% |
| Amounts payable after more than one year | 17 | €59,949 | €37,774 | -€22,175 | -37.0% |
| Financial debts | 170/4 | €59,949 | €37,774 | -€22,175 | -37.0% |
| Amounts payable within one year | 42/48 | €30,342 | €88,849 | +€58,507 | +193% |
| Financial debts | 43 | €20,957 | €22,175 | +€1,218 | +5.8% |
| Credit institutions | 430/8 | €20,957 | €22,175 | +€1,218 | +5.8% |
| Trade debts | 44 | €1,583 | €577 | -€1,006 | -63.6% |
| Suppliers | 440/4 | €1,583 | €577 | -€1,006 | -63.6% |
| Taxes, remuneration and social security | 45 | €7,802 | €11,376 | +€3,574 | +45.8% |
| Taxes | 450/3 | €7,802 | €11,376 | +€3,574 | +45.8% |
| Other amounts payable | 47/48 | - | €54,722 | +€54,722 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,313 | €27,313 | = | 0.0% |
| Other operating charges | 640/8 | - | €331 | +€331 | |
| Gross operating margin | 9900 | €104,218 | €114,824 | +€10,606 | +10.2% |
| Operating profit (loss) | 9901 | €76,905 | €87,180 | +€10,275 | +13.4% |
| Financial income | 75/76B | €694 | - | -€694 | |
| Recurring financial income | 75 | €694 | - | -€694 | |
| Financial charges | 65/66B | €5,910 | €4,407 | -€1,503 | -25.4% |
| Recurring financial charges | 65 | €5,910 | €4,407 | -€1,503 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €71,688 | €82,773 | +€11,085 | +15.5% |
| Income taxes | 67/77 | €22,802 | €26,376 | +€3,574 | +15.7% |
| Profit (loss) for the period | 9904 | €48,886 | €56,397 | +€7,511 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,886 | €56,397 | +€7,511 | +15.4% |
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.