PATRIAS: 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.
What changed
PATRIAS
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€39,767
2024 · €83,643-€43,876
Equity
€3.8m
2024 · €3.8m+€39,767
Cash
€160,752
2024 · €23,211+€137,541
Balance sheet total
€5.9m
2024 · €6.2m-€285,913
Largest movements
Assets
- Tangible fixed assets -€271,234
down €271,234 (-6.0%), from €4.5m to €4.2m
of which Land and buildings: -€269,725
- Cash +€137,541
up €137,541 (+593%), from €23,211 to €160,752
mainly Investment in fixed assets (net) (+€195,996) and Receivables within one year (+€95,301)
- Receivables within one year -€95,301
down €95,301 (-16.3%), from €585,334 to €490,033
of which Other amounts receivable: -€84,520
- Receivables after one year -€91,179
down €91,179 (-9.3%), from €975,415 to €884,236
Equity and liabilities
- Debts after one year -€230,934
down €230,934 (-13.1%), from €1.8m to €1.5m
Income statement
- Taxes -€44,380
down €44,380 (-87.5%), from €50,702 to €6,322
- Gross operating margin +€18,022
up €18,022 (+7.1%), from €255,475 to €273,497
- Other operating charges +€11,171
up €11,171 (+208%), from €5,383 to €16,554
- Staff costs +€10,940
up €10,940, from €0 to €10,940
- Financial charges -€3,100
down €3,100 (-7.0%), from €44,564 to €41,465
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.
Result 2024
€83,643
Gross operating margin
+€18,022
Staff costs
-€10,940
Depreciation
+€232
Other operating charges
-€11,171
Other operating items
-€87,498
Financial income
-€0
Financial charges
+€3,100
Taxes
+€44,380
Result 2025
€39,767
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€201,147
Investment
+€195,996
Financing
-€259,601
Cash 2024
€23,211
From operations (derived)
+€201,147
Net result for the year
+€39,767
Depreciation
+€75,239
Receivables after one year
+€91,179
Receivables within one year
+€95,301
Deferred charges and accrued income
-€34,259
Provisions
-€4,288
Trade debts
-€3,685
Tax, wage and social debts
-€38,508
Other debts
-€11,107
Accrued charges and deferred income
-€8,491
Investment (derived)
+€195,996
Investment in fixed assets (net)
+€195,996
Financing
-€259,601
Debts after one year
-€230,934
Current portion of long-term debt
-€4,000
Short-term financial debts
-€24,667
Cash 2025
€160,752
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,184,710 | €5,898,797 | -€285,913 | -4.6% |
| Fixed assets | 21/28 | €4,595,395 | €4,324,161 | -€271,234 | -5.9% |
| Tangible fixed assets | 22/27 | €4,520,145 | €4,248,911 | -€271,234 | -6.0% |
| Land and buildings | 22 | €4,511,269 | €4,241,545 | -€269,725 | -6.0% |
| Plant, machinery and equipment | 23 | €780 | €204 | -€577 | -73.9% |
| Furniture and vehicles | 24 | €8,096 | €7,163 | -€933 | -11.5% |
| Financial fixed assets | 28 | €75,250 | €75,250 | = | 0.0% |
| Current assets | 29/58 | €1,589,315 | €1,574,636 | -€14,679 | -0.9% |
| Amounts receivable after more than one year | 29 | €975,415 | €884,236 | -€91,179 | -9.3% |
| Trade receivables | 290 | €975,415 | €884,236 | -€91,179 | -9.3% |
| Amounts receivable within one year | 40/41 | €585,334 | €490,033 | -€95,301 | -16.3% |
| Trade receivables | 40 | €278,088 | €267,307 | -€10,780 | -3.9% |
| Other amounts receivable | 41 | €307,246 | €222,726 | -€84,520 | -27.5% |
| Cash at bank and in hand | 54/58 | €23,211 | €160,752 | +€137,541 | +593% |
| Deferred charges and accrued income | 490/1 | €5,355 | €39,615 | +€34,259 | +640% |
| Total equity and liabilities | 10/49 | €6,184,710 | €5,898,797 | -€285,913 | -4.6% |
| Equity | 10/15 | €3,772,950 | €3,812,716 | +€39,767 | +1.1% |
| Contributions | 10/11 | €2,173,800 | €2,173,800 | = | 0.0% |
| Capital | 10 | €2,173,800 | €2,173,800 | = | 0.0% |
| Issued capital | 100 | €2,173,800 | €2,173,800 | = | 0.0% |
| Revaluation surpluses | 12 | €76,811 | €76,811 | = | 0.0% |
| Reserves | 13 | €1,522,338 | €1,562,105 | +€39,767 | +2.6% |
| Non-distributable reserves | 130/1 | €75,276 | €77,911 | +€2,635 | +3.5% |
| Legal reserve | 130 | €75,276 | €77,911 | +€2,635 | +3.5% |
| Tax-exempt reserves | 132 | €254,113 | €241,251 | -€12,863 | -5.1% |
| Distributable reserves | 133 | €1,192,949 | €1,242,943 | +€49,995 | +4.2% |
| Provisions and deferred taxes | 16 | €82,628 | €78,340 | -€4,288 | -5.2% |
| Deferred taxes | 168 | €82,628 | €78,340 | -€4,288 | -5.2% |
| Amounts payable | 17/49 | €2,329,133 | €2,007,741 | -€321,392 | -13.8% |
| Amounts payable after more than one year | 17 | €1,767,238 | €1,536,304 | -€230,934 | -13.1% |
| Financial debts | 170/4 | €1,767,238 | €1,536,304 | -€230,934 | -13.1% |
| Amounts payable within one year | 42/48 | €548,356 | €466,389 | -€81,968 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €253,353 | €249,353 | -€4,000 | -1.6% |
| Financial debts | 43 | €98,667 | €74,000 | -€24,667 | -25.0% |
| Credit institutions | 430/8 | €98,667 | €74,000 | -€24,667 | -25.0% |
| Trade debts | 44 | €91,795 | €88,110 | -€3,685 | -4.0% |
| Suppliers | 440/4 | €91,795 | €88,110 | -€3,685 | -4.0% |
| Taxes, remuneration and social security | 45 | €51,512 | €13,004 | -€38,508 | -74.8% |
| Taxes | 450/3 | €51,512 | €13,004 | -€38,508 | -74.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €53,030 | €41,922 | -€11,107 | -20.9% |
| Accrued charges and deferred income | 492/3 | €13,539 | €5,048 | -€8,491 | -62.7% |
| Remuneration, social security and pensions | 62 | €0 | €10,940 | +€10,940 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,471 | €75,239 | -€232 | -0.3% |
| Other operating charges | 640/8 | €5,383 | €16,554 | +€11,171 | +208% |
| Non-recurring operating charges | 66A | €0 | €87,498 | +€87,498 | |
| Gross operating margin | 9900 | €255,475 | €273,497 | +€18,022 | +7.1% |
| Operating profit (loss) | 9901 | €174,622 | €83,266 | -€91,355 | -52.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €44,564 | €41,465 | -€3,100 | -7.0% |
| Recurring financial charges | 65 | €44,564 | €41,465 | -€3,100 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €130,057 | €41,801 | -€88,256 | -67.9% |
| Transfer from deferred taxes | 780 | €4,288 | €4,288 | +€0 | 0.0% |
| Income taxes | 67/77 | €50,702 | €6,322 | -€44,380 | -87.5% |
| Profit (loss) for the period | 9904 | €83,643 | €39,767 | -€43,876 | -52.5% |
| Transfer from tax-exempt reserves | 789 | €12,863 | €12,863 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €96,506 | €52,630 | -€43,876 | -45.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.