PATRIBAT: 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.
PATRIBAT
Largest movements
- Current investments +€7.7m
up €7.7m (+517%), from €1.5m to €9.2m
- Receivables within one year -€4.2m
no longer reported in 2025 (was €4.2m)
- Cash +€382,262
up €382,262 (+4,701%), from €8,131 to €390,394
mainly Receivables within one year (+€4.2m) and Other debts (+€2.4m)
- Other debts +€2.4m
up €2.4m (+398%), from €597,978 to €3.0m
- Reserves +€1.4m
up €1.4m (+25.3%), from €5.6m to €7.0m
of which Distributable reserves: +€1.4m
- Debts after one year -€170,174
down €170,174 (-20.1%), from €846,563 to €676,389
- Tax, wage and social debts +€144,738
up €144,738 (+132%), from €109,682 to €254,420
- Financial income +€970,680
up €970,680 (+80.2%), from €1.2m to €2.2m
- Taxes +€96,399
up €96,399 (+78.3%), from €123,099 to €219,497
- Gross operating margin +€30,365
up €30,365 (+19.7%), from €154,100 to €184,465
- Financial charges +€22,477
up €22,477 (+190%), from €11,812 to €34,289
- Depreciation +€2,349
up €2,349 (+1.8%), from €131,644 to €133,992
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 | €9,589,738 | €13,356,930 | +€3.8m | +39.3% |
| Fixed assets | 21/28 | €3,840,387 | €3,712,885 | -€127,502 | -3.3% |
| Tangible fixed assets | 22/27 | €1,682,387 | €1,554,885 | -€127,502 | -7.6% |
| Land and buildings | 22 | €938,142 | €911,097 | -€27,045 | -2.9% |
| Plant, machinery and equipment | 23 | €741,872 | €641,913 | -€99,959 | -13.5% |
| Furniture and vehicles | 24 | €2,373 | €1,874 | -€499 | -21.0% |
| Financial fixed assets | 28 | €2,158,000 | €2,158,000 | = | 0.0% |
| Current assets | 29/58 | €5,749,351 | €9,644,045 | +€3.9m | +67.7% |
| Amounts receivable within one year | 40/41 | €4,233,496 | - | -€4.2m | |
| Other amounts receivable | 41 | €4,233,496 | - | -€4.2m | |
| Current investments | 50/53 | €1,498,254 | €9,241,330 | +€7.7m | +517% |
| Cash at bank and in hand | 54/58 | €8,131 | €390,394 | +€382,262 | +4,701% |
| Deferred charges and accrued income | 490/1 | €9,469 | €12,322 | +€2,852 | +30.1% |
| Total equity and liabilities | 10/49 | €9,589,738 | €13,356,930 | +€3.8m | +39.3% |
| Equity | 10/15 | €7,763,753 | €9,181,527 | +€1.4m | +18.3% |
| Contributions | 10/11 | €2,164,200 | €2,164,200 | = | 0.0% |
| Reserves | 13 | €5,599,553 | €7,017,327 | +€1.4m | +25.3% |
| Tax-exempt reserves | 132 | €236,975 | €217,842 | -€19,133 | -8.1% |
| Distributable reserves | 133 | €5,362,578 | €6,799,485 | +€1.4m | +26.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Provisions and deferred taxes | 16 | €78,992 | €72,614 | -€6,378 | -8.1% |
| Deferred taxes | 168 | €78,992 | €72,614 | -€6,378 | -8.1% |
| Amounts payable | 17/49 | €1,746,993 | €4,102,789 | +€2.4m | +135% |
| Amounts payable after more than one year | 17 | €846,563 | €676,389 | -€170,174 | -20.1% |
| Financial debts | 170/4 | €846,563 | €676,389 | -€170,174 | -20.1% |
| Amounts payable within one year | 42/48 | €892,730 | €3,418,700 | +€2.5m | +283% |
| Current portion of amounts payable after more than one year | 42 | €183,837 | €184,669 | +€832 | +0.5% |
| Trade debts | 44 | €1,234 | - | -€1,234 | |
| Suppliers | 440/4 | €1,234 | - | -€1,234 | |
| Taxes, remuneration and social security | 45 | €109,682 | €254,420 | +€144,738 | +132% |
| Taxes | 450/3 | €109,682 | €254,420 | +€144,738 | +132% |
| Other amounts payable | 47/48 | €597,978 | €2,979,611 | +€2.4m | +398% |
| Accrued charges and deferred income | 492/3 | €7,700 | €7,700 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €182 | - | -€182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,644 | €133,992 | +€2,349 | +1.8% |
| Other operating charges | 640/8 | €6,768 | €6,979 | +€212 | +3.1% |
| Gross operating margin | 9900 | €154,100 | €184,465 | +€30,365 | +19.7% |
| Operating profit (loss) | 9901 | €15,506 | €43,493 | +€27,987 | +180% |
| Financial income | 75/76B | €1,210,853 | €2,181,533 | +€970,680 | +80.2% |
| Recurring financial income | 75 | €1,210,853 | €2,181,533 | +€970,680 | +80.2% |
| Financial charges | 65/66B | €11,812 | €34,289 | +€22,477 | +190% |
| Recurring financial charges | 65 | €11,812 | €34,289 | +€22,477 | +190% |
| Profit (loss) for the period before taxes | 9903 | €1,214,547 | €2,190,737 | +€976,191 | +80.4% |
| Transfer from deferred taxes | 780 | €6,378 | €6,378 | = | 0.0% |
| Income taxes | 67/77 | €123,099 | €219,497 | +€96,399 | +78.3% |
| Profit (loss) for the period | 9904 | €1,097,826 | €1,977,618 | +€879,792 | +80.1% |
| Transfer from tax-exempt reserves | 789 | €19,133 | €19,133 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,116,959 | €1,996,751 | +€879,792 | +78.8% |
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 26 October 2026 via checked.be.