PatriCe: 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.
PatriCe
Largest movements
- Tangible fixed assets -€779,758
down €779,758 (-38.1%), from €2.0m to €1.3m
of which Land and buildings: -€780,690
- Receivables within one year +€361,768
up €361,768 (+320%), from €113,115 to €474,883
of which Other amounts receivable: +€409,098
- Cash -€35,551
down €35,551 (-30.6%), from €116,121 to €80,570
mainly Debts after one year (-€654,493) and Receivables within one year (-€361,768)
- Debts after one year -€654,493
down €654,493 (-91.2%), from €717,765 to €63,272
- Other debts +€471,398
up €471,398 (+34.0%), from €1.4m to €1.9m
- Reserves -€127,657
down €127,657 (-27.9%), from €458,008 to €330,351
of which Distributable reserves: -€127,657
- Current portion of long-term debt -€88,667
no longer reported in 2024 (was €88,667)
- Trade debts -€46,009
down €46,009 (-99.9%), from €46,067 to €58
- Depreciation -€77,066
down €77,066 (-72.6%), from €106,163 to €29,097
- Gross operating margin +€7,218
up €7,218 (+10.0%), from -€71,961 to -€64,742
- Financial charges -€1,320
down €1,320 (-5.1%), from €26,010 to €24,690
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,728,399 | €2,274,858 | -€453,542 | -16.6% |
| Fixed assets | 21/28 | €2,049,163 | €1,269,405 | -€779,758 | -38.1% |
| Tangible fixed assets | 22/27 | €2,049,163 | €1,269,405 | -€779,758 | -38.1% |
| Land and buildings | 22 | €2,046,792 | €1,266,102 | -€780,690 | -38.1% |
| Plant, machinery and equipment | 23 | €1,206 | €1,469 | +€263 | +21.8% |
| Furniture and vehicles | 24 | €1,165 | €1,834 | +€669 | +57.4% |
| Current assets | 29/58 | €679,236 | €1,005,453 | +€326,217 | +48.0% |
| Amounts receivable within one year | 40/41 | €113,115 | €474,883 | +€361,768 | +320% |
| Trade receivables | 40 | €47,330 | - | -€47,330 | |
| Other amounts receivable | 41 | €65,785 | €474,883 | +€409,098 | +622% |
| Current investments | 50/53 | €450,000 | €450,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €116,121 | €80,570 | -€35,551 | -30.6% |
| Total equity and liabilities | 10/49 | €2,728,399 | €2,274,858 | -€453,542 | -16.6% |
| Equity | 10/15 | €476,558 | €348,901 | -€127,657 | -26.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | - | -€18,550 | |
| Other | 1109/19 | €18,550 | - | -€18,550 | |
| Reserves | 13 | €458,008 | €330,351 | -€127,657 | -27.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €456,153 | €328,496 | -€127,657 | -28.0% |
| Amounts payable | 17/49 | €2,251,842 | €1,925,956 | -€325,885 | -14.5% |
| Amounts payable after more than one year | 17 | €717,765 | €63,272 | -€654,493 | -91.2% |
| Financial debts | 170/4 | €717,765 | €63,272 | -€654,493 | -91.2% |
| Amounts payable within one year | 42/48 | €1,525,898 | €1,856,644 | +€330,746 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €88,667 | - | -€88,667 | |
| Financial debts | 43 | €4,087 | - | -€4,087 | |
| Credit institutions | 430/8 | €4,087 | - | -€4,087 | |
| Trade debts | 44 | €46,067 | €58 | -€46,009 | -99.9% |
| Suppliers | 440/4 | €46,067 | €58 | -€46,009 | -99.9% |
| Taxes, remuneration and social security | 45 | €2,073 | €185 | -€1,888 | -91.1% |
| Taxes | 450/3 | €1,073 | €185 | -€888 | -82.8% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €1,385,003 | €1,856,402 | +€471,398 | +34.0% |
| Accrued charges and deferred income | 492/3 | €8,178 | €6,040 | -€2,139 | -26.1% |
| Non-recurring operating income | 76A | - | €54,610 | +€54,610 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,163 | €29,097 | -€77,066 | -72.6% |
| Other operating charges | 640/8 | €9,050 | €8,942 | -€108 | -1.2% |
| Gross operating margin | 9900 | -€71,961 | -€64,742 | +€7,218 | +10.0% |
| Operating profit (loss) | 9901 | -€187,174 | -€102,782 | +€84,393 | +45.1% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.5% |
| Financial charges | 65/66B | €26,010 | €24,690 | -€1,320 | -5.1% |
| Recurring financial charges | 65 | €26,010 | €24,690 | -€1,320 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€213,182 | -€127,472 | +€85,710 | +40.2% |
| Income taxes | 67/77 | €178 | €185 | +€7 | +3.8% |
| Profit (loss) for the period | 9904 | -€213,360 | -€127,657 | +€85,703 | +40.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€213,360 | -€127,657 | +€85,703 | +40.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.