PATRIBO: what changed
What changed
PATRIBO
filed annual accounts (NBB)
Net result for the year
€2.5m
2024 · €3.8m-€1.3m
Equity
€33.7m
2024 · €32.6m+€1.1m
Cash
€4.9m
2024 · €1.1m+€3.9m
Balance sheet total
€46.7m
2024 · €45.5m+€1.2m
Largest movements
Assets
- Receivables within one year -€3.9m
down €3.9m (-23.3%), from €16.8m to €12.9m
- Cash +€3.9m
up €3.9m (+365%), from €1.1m to €4.9m
mainly Receivables within one year (+€3.9m) and Net result for the year (+€2.5m)
- Current investments +€1.0m
new in 2025: €1.0m
Equity and liabilities
- Reserves +€1.1m
up €1.1m (+3.3%), from €32.2m to €33.3m
of which Tax-exempt reserves: +€1.1m
Income statement
- Gross operating margin -€1.4m
down €1.4m (-50.6%), from €2.8m to €1.4m
- Financial income -€284,912
down €284,912 (-12.6%), from €2.3m to €2.0m
- Taxes -€77,990
down €77,990 (-12.9%), from €602,515 to €524,526
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€3.8m
Gross operating margin
-€1.4m
Other operating charges
+€384
Financial income
-€284,912
Financial charges
-€4
Taxes
+€77,990
Deferred taxes and other
+€370,680
Result 2025
€2.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€6.5m
Investment
-€1.2m
Financing
-€1.4m
Cash 2024
€1.1m
From operations (derived)
+€6.5m
Net result for the year
+€2.5m
Receivables within one year
+€3.9m
Provisions
+€353,441
Trade debts
+€2,253
Tax, wage and social debts
-€91,534
Other debts
-€200,000
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€216,622
Current investments
-€1.0m
Financing
-€1.4m
Contributions, distributions and other
-€1.4m
Cash 2025
€4.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,545,254 | €46,714,071 | +€1.2m | +2.6% |
| Fixed assets | 21/28 | €27,718,845 | €27,935,467 | +€216,622 | +0.8% |
| Tangible fixed assets | 22/27 | €356,184 | €344,293 | -€11,891 | -3.3% |
| Land and buildings | 22 | €356,184 | €344,293 | -€11,891 | -3.3% |
| Financial fixed assets | 28 | €27,362,661 | €27,591,174 | +€228,513 | +0.8% |
| Current assets | 29/58 | €17,826,409 | €18,778,604 | +€952,195 | +5.3% |
| Amounts receivable within one year | 40/41 | €16,768,519 | €12,861,004 | -€3.9m | -23.3% |
| Other amounts receivable | 41 | €16,768,519 | €12,861,004 | -€3.9m | -23.3% |
| Current investments | 50/53 | - | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €1,057,890 | €4,917,600 | +€3.9m | +365% |
| Total equity and liabilities | 10/49 | €45,545,254 | €46,714,071 | +€1.2m | +2.6% |
| Equity | 10/15 | €32,645,282 | €33,749,939 | +€1.1m | +3.4% |
| Contributions | 10/11 | €376,304 | €376,304 | = | 0.0% |
| Capital | 10 | €376,304 | €376,304 | = | 0.0% |
| Issued capital | 100 | €376,304 | €376,304 | = | 0.0% |
| Reserves | 13 | €32,210,968 | €33,271,289 | +€1.1m | +3.3% |
| Non-distributable reserves | 130/1 | €87,630 | €87,630 | = | 0.0% |
| Legal reserve | 130 | €87,630 | €87,630 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,053,429 | €33,113,751 | +€1.1m | +3.3% |
| Distributable reserves | 133 | €69,908 | €69,908 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,011 | €102,346 | +€44,336 | +76.4% |
| Provisions and deferred taxes | 16 | €10,684,476 | €11,037,917 | +€353,441 | +3.3% |
| Deferred taxes | 168 | €10,684,476 | €11,037,917 | +€353,441 | +3.3% |
| Amounts payable | 17/49 | €2,215,496 | €1,926,214 | -€289,281 | -13.1% |
| Amounts payable within one year | 42/48 | €2,215,496 | €1,926,214 | -€289,281 | -13.1% |
| Trade debts | 44 | €12,980 | €15,233 | +€2,253 | +17.4% |
| Suppliers | 440/4 | €12,980 | €15,233 | +€2,253 | +17.4% |
| Taxes, remuneration and social security | 45 | €602,515 | €510,981 | -€91,534 | -15.2% |
| Taxes | 450/3 | €602,515 | €510,981 | -€91,534 | -15.2% |
| Other amounts payable | 47/48 | €1,600,000 | €1,400,000 | -€200,000 | -12.5% |
| Other operating charges | 640/8 | €1,710 | €1,326 | -€384 | -22.4% |
| Gross operating margin | 9900 | €2,847,536 | €1,407,144 | -€1.4m | -50.6% |
| Operating profit (loss) | 9901 | €2,845,825 | €1,405,817 | -€1.4m | -50.6% |
| Financial income | 75/76B | €2,261,852 | €1,976,939 | -€284,912 | -12.6% |
| Recurring financial income | 75 | €2,261,852 | €1,976,939 | -€284,912 | -12.6% |
| Financial charges | 65/66B | €129 | €133 | +€4 | +2.7% |
| Recurring financial charges | 65 | €129 | €133 | +€4 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €5,107,548 | €3,382,624 | -€1.7m | -33.8% |
| Transfer to deferred taxes | 680 | €724,121 | €353,441 | -€370,680 | -51.2% |
| Income taxes | 67/77 | €602,515 | €524,526 | -€77,990 | -12.9% |
| Profit (loss) for the period | 9904 | €3,780,912 | €2,504,658 | -€1.3m | -33.8% |
| Transfer to tax-exempt reserves | 689 | €2,172,362 | €1,060,322 | -€1.1m | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,608,550 | €1,444,336 | -€164,214 | -10.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.