PATRI-WIN: what changed
Two fiscal 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-WIN
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€42,398
2023 · -€8,123-€34,276
Equity
€1.1m
2023 · €1.1m-€42,398
Cash
€25,163
2023 · €19,598+€5,565
Balance sheet total
€9.5m
2023 · €8.2m+€1.3m
Largest movements
Assets
- Stocks and contracts +€1.8m
up €1.8m (+668.3%), from €270,270 to €2.1m
- Tangible fixed assets -€533,866
down €533,866 (-6.9%), from €7.7m to €7.1m
of which Land and buildings: -€1.2m
Equity and liabilities
- Short-term financial debts +€433,360
up €433,360 (+147.8%), from €293,159 to €726,519
- Other debts +€320,246
up €320,246 (+15.0%), from €2.1m to €2.5m
- Trade debts +€312,853
up €312,853 (+272.7%), from €114,705 to €427,558
- Current portion of long-term debt +€241,467
up €241,467 (+13.3%), from €1.8m to €2.1m
Income statement
- Gross operating margin -€100,399
down €100,399 (-16.6%), from €605,872 to €505,473
- Other operating charges -€94,043
down €94,043 (-55.6%), from €169,031 to €74,989
- Financial charges +€69,627
up €69,627 (+58.5%), from €119,058 to €188,685
- Depreciation -€40,607
down €40,607 (-10.2%), from €399,180 to €358,573
From the 2023 result to the 2024 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 2023
-€8,123
Gross operating margin
-€100,399
Depreciation
+€40,607
Other operating charges
+€94,043
Financial income
-€20
Financial charges
-€69,627
Taxes
+€4,359
Deferred taxes and other
-€3,239
Result 2024
-€42,398
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€873,292
Investment
+€175,292
Financing
+€703,565
Cash 2023
€19,598
From operations (derived)
-€873,292
Net result for the year
-€42,398
Depreciation
+€358,573
Stocks and contracts
-€1.8m
Receivables within one year
-€13,103
Deferred charges and accrued income
-€5,235
Provisions
-€4,355
Trade debts
+€312,853
Tax, wage and social debts
+€6,372
Other debts
+€320,246
Investment (derived)
+€175,292
Investment in fixed assets (net)
+€175,292
Financing
+€703,565
Debts after one year
+€28,737
Current portion of long-term debt
+€241,467
Short-term financial debts
+€433,360
Cash 2024
€25,163
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,211,616 | €9,507,898 | +€1.3m | +15.8% |
| Fixed assets | 21/28 | €7,713,817 | €7,179,952 | -€533,866 | -6.9% |
| Tangible fixed assets | 22/27 | €7,683,817 | €7,149,952 | -€533,866 | -6.9% |
| Land and buildings | 22 | €7,548,808 | €6,377,438 | -€1.2m | -15.5% |
| Plant, machinery and equipment | 23 | €1,000 | €5,317 | +€4,316 | +431.5% |
| Furniture and vehicles | 24 | €22,299 | €119,904 | +€97,604 | +437.7% |
| Assets under construction and advance payments | 27 | €111,710 | €647,293 | +€535,583 | +479.4% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €497,798 | €2,327,946 | +€1.8m | +367.6% |
| Stocks and contracts in progress | 3 | €270,270 | €2,076,514 | +€1.8m | +668.3% |
| Stocks | 30/36 | €270,270 | €2,076,514 | +€1.8m | +668.3% |
| Amounts receivable within one year | 40/41 | €207,930 | €221,034 | +€13,103 | +6.3% |
| Trade receivables | 40 | €133,602 | €185,858 | +€52,255 | +39.1% |
| Other amounts receivable | 41 | €74,328 | €35,176 | -€39,152 | -52.7% |
| Cash at bank and in hand | 54/58 | €19,598 | €25,163 | +€5,565 | +28.4% |
| Deferred charges and accrued income | 490/1 | - | €5,235 | +€5,235 | |
| Total equity and liabilities | 10/49 | €8,211,616 | €9,507,898 | +€1.3m | +15.8% |
| Equity | 10/15 | €1,129,206 | €1,086,808 | -€42,398 | -3.8% |
| Contributions | 10/11 | €306,592 | €306,592 | = | 0.0% |
| Outside capital | 11 | - | €306,592 | +€306,592 | |
| Other | 1109/19 | - | €306,592 | +€306,592 | |
| Reserves | 13 | €619,590 | €608,072 | -€11,518 | -1.9% |
| Tax-exempt reserves | 132 | €274,854 | €263,336 | -€11,518 | -4.2% |
| Distributable reserves | 133 | €344,736 | €344,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | €203,024 | €172,144 | -€30,880 | -15.2% |
| Provisions and deferred taxes | 16 | €101,436 | €97,081 | -€4,355 | -4.3% |
| Deferred taxes | 168 | €101,436 | €97,081 | -€4,355 | -4.3% |
| Amounts payable | 17/49 | €6,980,973 | €8,324,009 | +€1.3m | +19.2% |
| Amounts payable after more than one year | 17 | €2,615,299 | €2,644,037 | +€28,737 | +1.1% |
| Financial debts | 170/4 | €2,587,840 | €2,616,577 | +€28,737 | +1.1% |
| Other amounts payable | 178/9 | €27,460 | €27,460 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,365,673 | €5,679,972 | +€1.3m | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €1,809,785 | €2,051,253 | +€241,467 | +13.3% |
| Financial debts | 43 | €293,159 | €726,519 | +€433,360 | +147.8% |
| Credit institutions | 430/8 | €293,159 | €726,519 | +€433,360 | +147.8% |
| Trade debts | 44 | €114,705 | €427,558 | +€312,853 | +272.7% |
| Suppliers | 440/4 | €114,705 | €427,558 | +€312,853 | +272.7% |
| Taxes, remuneration and social security | 45 | €12,165 | €18,537 | +€6,372 | +52.4% |
| Taxes | 450/3 | €8,795 | €18,537 | +€9,742 | +110.8% |
| Remuneration and social security | 454/9 | €3,370 | - | -€3,370 | |
| Other amounts payable | 47/48 | €2,135,859 | €2,456,105 | +€320,246 | +15.0% |
| Non-recurring operating income | 76A | €319,697 | €137,931 | -€181,766 | -56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €399,180 | €358,573 | -€40,607 | -10.2% |
| Other operating charges | 640/8 | €169,031 | €74,989 | -€94,043 | -55.6% |
| Gross operating margin | 9900 | €605,872 | €505,473 | -€100,399 | -16.6% |
| Operating profit (loss) | 9901 | €37,660 | €71,911 | +€34,251 | +90.9% |
| Financial income | 75/76B | €70,041 | €70,022 | -€20 | 0.0% |
| Recurring financial income | 75 | €70,041 | €70,022 | -€20 | 0.0% |
| Financial charges | 65/66B | €119,058 | €188,685 | +€69,627 | +58.5% |
| Recurring financial charges | 65 | €119,058 | €188,685 | +€69,627 | +58.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,357 | -€46,753 | -€35,396 | -311.7% |
| Transfer from deferred taxes | 780 | €7,594 | €4,355 | -€3,239 | -42.6% |
| Income taxes | 67/77 | €4,359 | - | -€4,359 | |
| Profit (loss) for the period | 9904 | -€8,123 | -€42,398 | -€34,276 | -422.0% |
| Transfer from tax-exempt reserves | 789 | €19,228 | €11,518 | -€7,710 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,106 | -€30,880 | -€41,986 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.