PATRIA: 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.
PATRIA
Largest movements
- Financial fixed assets +€2.4m
up €2.4m (+638%), from €374,053 to €2.8m
- Receivables after one year -€489,894
down €489,894 (-51.8%), from €945,826 to €455,932
- Short-term financial debts +€1.0m
new in 2025: €1.0m
- Debts after one year +€755,273
up €755,273 (+577%), from €130,839 to €886,112
- Profit (loss) carried forward +€117,528
up €117,528 (+28.9%), from -€406,408 to -€288,880
- Other operating charges -€31,366
down €31,366 (-96.9%), from €32,364 to €998
- Gross operating margin +€18,842
up €18,842 (+21.2%), from €88,718 to €107,560
- Financial income +€12,196
up €12,196, from €0 to €12,196
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 | €1,743,782 | €3,625,609 | +€1.9m | +108% |
| Fixed assets | 21/28 | €376,461 | €2,762,187 | +€2.4m | +634% |
| Tangible fixed assets | 22/27 | €2,408 | €2,022 | -€386 | -16.0% |
| Furniture and vehicles | 24 | €2,408 | €2,022 | -€386 | -16.0% |
| Financial fixed assets | 28 | €374,053 | €2,760,165 | +€2.4m | +638% |
| Current assets | 29/58 | €1,367,321 | €863,422 | -€503,899 | -36.9% |
| Amounts receivable after more than one year | 29 | €945,826 | €455,932 | -€489,894 | -51.8% |
| Other amounts receivable | 291 | €945,826 | €455,932 | -€489,894 | -51.8% |
| Amounts receivable within one year | 40/41 | €421,184 | €407,191 | -€13,993 | -3.3% |
| Trade receivables | 40 | €79,612 | €86,382 | +€6,770 | +8.5% |
| Other amounts receivable | 41 | €341,572 | €320,809 | -€20,763 | -6.1% |
| Cash at bank and in hand | 54/58 | €311 | €299 | -€12 | -3.9% |
| Total equity and liabilities | 10/49 | €1,743,782 | €3,625,609 | +€1.9m | +108% |
| Equity | 10/15 | €1,120,827 | €1,238,355 | +€117,528 | +10.5% |
| Contributions | 10/11 | €312,220 | €312,220 | = | 0.0% |
| Reserves | 13 | €1,215,015 | €1,215,015 | = | 0.0% |
| Distributable reserves | 133 | €1,215,015 | €1,215,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€406,408 | -€288,880 | +€117,528 | +28.9% |
| Amounts payable | 17/49 | €622,955 | €2,387,254 | +€1.8m | +283% |
| Amounts payable after more than one year | 17 | €130,839 | €886,112 | +€755,273 | +577% |
| Financial debts | 170/4 | €130,839 | €886,112 | +€755,273 | +577% |
| Amounts payable within one year | 42/48 | €491,556 | €1,500,687 | +€1.0m | +205% |
| Financial debts | 43 | - | €1,000,000 | +€1.0m | |
| Other loans | 439 | - | €1,000,000 | +€1.0m | |
| Trade debts | 44 | €2,045 | €126 | -€1,919 | -93.8% |
| Suppliers | 440/4 | €2,045 | €126 | -€1,919 | -93.8% |
| Taxes, remuneration and social security | 45 | €4,402 | €10,252 | +€5,850 | +133% |
| Taxes | 450/3 | €4,402 | €10,252 | +€5,850 | +133% |
| Other amounts payable | 47/48 | €485,109 | €490,309 | +€5,200 | +1.1% |
| Accrued charges and deferred income | 492/3 | €560 | €455 | -€105 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €386 | €386 | = | 0.0% |
| Other operating charges | 640/8 | €32,364 | €998 | -€31,366 | -96.9% |
| Gross operating margin | 9900 | €88,718 | €107,560 | +€18,842 | +21.2% |
| Operating profit (loss) | 9901 | €55,968 | €106,176 | +€50,208 | +89.7% |
| Financial income | 75/76B | €0 | €12,196 | +€12,196 | |
| Recurring financial income | 75 | €0 | €12,196 | +€12,196 | |
| Financial charges | 65/66B | €1,786 | €844 | -€942 | -52.7% |
| Recurring financial charges | 65 | €1,786 | €844 | -€942 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €54,182 | €117,528 | +€63,346 | +117% |
| Profit (loss) for the period | 9904 | €54,182 | €117,528 | +€63,346 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €54,182 | €117,528 | +€63,346 | +117% |
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 18 October 2026 via checked.be.