PATRI-ONE: 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-ONE
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+5.4%), from €24.0m to €25.3m
of which Assets under construction and advance payments: +€756,140
- Short-term financial debts -€5.8m
down €5.8m (-34.7%), from €16.7m to €10.9m
of which Credit institutions: -€4.8m
- Debts after one year +€5.5m
up €5.5m (+91.3%), from €6.0m to €11.5m
- Contributions +€2.0m
up €2.0m (+66.7%), from €3.0m to €5.0m
- Trade debts -€560,574
down €560,574 (-95.9%), from €584,298 to €23,724
- Current portion of long-term debt +€523,999
new in 2025: €523,999
- Gross operating margin +€177,540
up €177,540 (+28.9%), from €614,558 to €792,098
- Turnover +€166,797
up €166,797 (+23.4%), from €713,286 to €880,083
- Depreciation +€148,572
up €148,572 (+37.8%), from €392,918 to €541,490
- Financial charges -€92,154
down €92,154 (-14.3%), from €644,548 to €552,394
- Purchases and services -€11,302
down €11,302 (-11.3%), from €99,617 to €88,315
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 | €24,080,449 | €25,295,505 | +€1.2m | +5.0% |
| Fixed assets | 21/28 | €23,968,741 | €25,271,645 | +€1.3m | +5.4% |
| Tangible fixed assets | 22/27 | €23,968,741 | €25,271,645 | +€1.3m | +5.4% |
| Land and buildings | 22 | €18,697,219 | €19,243,983 | +€546,764 | +2.9% |
| Assets under construction and advance payments | 27 | €5,271,522 | €6,027,662 | +€756,140 | +14.3% |
| Current assets | 29/58 | €111,709 | €23,861 | -€87,848 | -78.6% |
| Amounts receivable within one year | 40/41 | €30,830 | €3,084 | -€27,746 | -90.0% |
| Trade receivables | 40 | €29,313 | €1,457 | -€27,856 | -95.0% |
| Other amounts receivable | 41 | €1,517 | €1,626 | +€110 | +7.2% |
| Cash at bank and in hand | 54/58 | €78,787 | €20,612 | -€58,175 | -73.8% |
| Deferred charges and accrued income | 490/1 | €2,092 | €165 | -€1,927 | -92.1% |
| Total equity and liabilities | 10/49 | €24,080,449 | €25,295,505 | +€1.2m | +5.0% |
| Equity | 10/15 | €735,511 | €2,307,325 | +€1.6m | +214% |
| Contributions | 10/11 | €3,000,000 | €5,000,000 | +€2.0m | +66.7% |
| Profit (loss) carried forward | 14 | -€2,264,489 | -€2,692,675 | -€428,185 | -18.9% |
| Amounts payable | 17/49 | €23,344,939 | €22,988,180 | -€356,759 | -1.5% |
| Amounts payable after more than one year | 17 | €6,000,000 | €11,476,001 | +€5.5m | +91.3% |
| Financial debts | 170/4 | €6,000,000 | €11,476,001 | +€5.5m | +91.3% |
| Amounts payable within one year | 42/48 | €17,312,012 | €11,481,105 | -€5.8m | -33.7% |
| Current portion of amounts payable after more than one year | 42 | - | €523,999 | +€523,999 | |
| Financial debts | 43 | €16,715,000 | €10,920,000 | -€5.8m | -34.7% |
| Credit institutions | 430/8 | €11,515,000 | €6,725,000 | -€4.8m | -41.6% |
| Other loans | 439 | €5,200,000 | €4,195,000 | -€1.0m | -19.3% |
| Trade debts | 44 | €584,298 | €23,724 | -€560,574 | -95.9% |
| Suppliers | 440/4 | €584,298 | €23,724 | -€560,574 | -95.9% |
| Taxes, remuneration and social security | 45 | €12,714 | €13,382 | +€668 | +5.3% |
| Taxes | 450/3 | €2,413 | €2,755 | +€342 | +14.2% |
| Remuneration and social security | 454/9 | €10,301 | €10,627 | +€326 | +3.2% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | €32,927 | €31,074 | -€1,853 | -5.6% |
| Turnover | 70 | €713,286 | €880,083 | +€166,797 | +23.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €99,617 | €88,315 | -€11,302 | -11.3% |
| Remuneration, social security and pensions | 62 | €71,897 | €78,627 | +€6,729 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €392,918 | €541,490 | +€148,572 | +37.8% |
| Other operating charges | 640/8 | €36,793 | €47,607 | +€10,814 | +29.4% |
| Gross operating margin | 9900 | €614,558 | €792,098 | +€177,540 | +28.9% |
| Operating profit (loss) | 9901 | €112,949 | €124,374 | +€11,425 | +10.1% |
| Financial income | 75/76B | €15 | €0 | -€15 | -99.9% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -99.9% |
| Financial charges | 65/66B | €644,548 | €552,394 | -€92,154 | -14.3% |
| Recurring financial charges | 65 | €644,548 | €552,394 | -€92,154 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | -€531,584 | -€428,020 | +€103,564 | +19.5% |
| Income taxes | 67/77 | €209 | €165 | -€44 | -20.9% |
| Profit (loss) for the period | 9904 | -€531,792 | -€428,185 | +€103,607 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€531,792 | -€428,185 | +€103,607 | +19.5% |
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 16 October 2026 via checked.be.