Patria: 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.
Patria
Largest movements
- Cash +€593,394
up €593,394 (+27.4%), from €2.2m to €2.8m
mainly Net result for the year (+€473,369) and Depreciation (+€432,396)
- Tangible fixed assets -€232,231
down €232,231 (-3.8%), from €6.1m to €5.9m
of which Other tangible fixed assets: -€531,074
- Receivables within one year +€185,896
up €185,896 (+12.9%), from €1.4m to €1.6m
of which Trade receivables: +€188,885
- Profit (loss) carried forward +€473,369
up €473,369 (+25.3%), from €1.9m to €2.3m
- Investment grants -€232,532
down €232,532 (-6.0%), from €3.9m to €3.6m
- Trade debts +€217,577
up €217,577 (+98.1%), from €221,770 to €439,347
- Purchases and services +€998,317
new in 2025: €998,317
- Gross operating margin +€283,221
up €283,221 (+28.7%), from €986,397 to €1.3m
- Write-downs +€111,371
no longer reported in 2025 (was -€111,371)
- Staff costs -€102,951
down €102,951 (-38.7%), from €265,994 to €163,043
- Taxes +€60,658
new in 2025: €60,658
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.
Cash bridge derived
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 | €9,842,939 | €10,344,457 | +€501,518 | +5.1% |
| Fixed assets | 21/28 | €6,149,885 | €5,917,655 | -€232,231 | -3.8% |
| Tangible fixed assets | 22/27 | €6,129,885 | €5,897,655 | -€232,231 | -3.8% |
| Land and buildings | 22 | €5,463,469 | €5,146,840 | -€316,628 | -5.8% |
| Plant, machinery and equipment | 23 | €82,710 | €729,268 | +€646,558 | +781.7% |
| Furniture and vehicles | 24 | €28,347 | €21,546 | -€6,801 | -24.0% |
| Other tangible fixed assets | 26 | €531,074 | - | -€531,074 | |
| Assets under construction and advance payments | 27 | €24,285 | - | -€24,285 | |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €3,693,054 | €4,426,802 | +€733,749 | +19.9% |
| Amounts receivable within one year | 40/41 | €1,442,554 | €1,628,450 | +€185,896 | +12.9% |
| Trade receivables | 40 | €1,439,564 | €1,628,450 | +€188,885 | +13.1% |
| Other amounts receivable | 41 | €2,990 | - | -€2,990 | |
| Cash at bank and in hand | 54/58 | €2,168,819 | €2,762,212 | +€593,394 | +27.4% |
| Deferred charges and accrued income | 490/1 | €81,681 | €36,141 | -€45,541 | -55.8% |
| Total equity and liabilities | 10/49 | €9,842,939 | €10,344,457 | +€501,518 | +5.1% |
| Equity | 10/15 | €9,437,282 | €9,678,119 | +€240,837 | +2.6% |
| Reserves | 13 | €3,700,932 | €3,700,932 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,868,805 | €2,342,174 | +€473,369 | +25.3% |
| Investment grants | 15 | €3,867,546 | €3,635,014 | -€232,532 | -6.0% |
| Provisions and deferred taxes | 16 | €160,000 | €200,000 | +€40,000 | +25.0% |
| Provisions for liabilities and charges | 160/5 | €160,000 | €200,000 | +€40,000 | +25.0% |
| Major repairs and maintenance | 162 | €160,000 | €200,000 | +€40,000 | +25.0% |
| Amounts payable | 17/49 | €245,657 | €466,338 | +€220,681 | +89.8% |
| Amounts payable within one year | 42/48 | €245,647 | €466,174 | +€220,527 | +89.8% |
| Trade debts | 44 | €221,770 | €439,347 | +€217,577 | +98.1% |
| Suppliers | 440/4 | €221,770 | €439,347 | +€217,577 | +98.1% |
| Taxes, remuneration and social security | 45 | €23,876 | €26,826 | +€2,950 | +12.4% |
| Taxes | 450/3 | €1,844 | €1,858 | +€14 | +0.8% |
| Remuneration and social security | 454/9 | €22,033 | €24,969 | +€2,936 | +13.3% |
| Accrued charges and deferred income | 492/3 | €10 | €164 | +€154 | +1542.2% |
| Non-recurring operating income | 76A | - | €3,512 | +€3,512 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €998,317 | +€998,317 | |
| Remuneration, social security and pensions | 62 | €265,994 | €163,043 | -€102,951 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €426,162 | €432,396 | +€6,235 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€111,371 | - | +€111,371 | |
| Other operating charges | 640/8 | €163,423 | €111,302 | -€52,121 | -31.9% |
| Non-recurring operating charges | 66A | €19,357 | €174 | -€19,183 | -99.1% |
| Gross operating margin | 9900 | €986,397 | €1,269,618 | +€283,221 | +28.7% |
| Operating profit (loss) | 9901 | €182,832 | €522,703 | +€339,871 | +185.9% |
| Financial income | 75/76B | €47,558 | €11,783 | -€35,775 | -75.2% |
| Recurring financial income | 75 | €27,315 | €11,783 | -€15,532 | -56.9% |
| Non-recurring financial income | 76B | €20,243 | - | -€20,243 | |
| Financial charges | 65/66B | €7,531 | €459 | -€7,072 | -93.9% |
| Recurring financial charges | 65 | €7,531 | €459 | -€7,072 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | €222,859 | €534,027 | +€311,168 | +139.6% |
| Income taxes | 67/77 | - | €60,658 | +€60,658 | |
| Profit (loss) for the period | 9904 | €222,859 | €473,369 | +€250,510 | +112.4% |
| Profit (loss) for the period to be appropriated | 9905 | €222,859 | €473,369 | +€250,510 | +112.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.