PATRICO: 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.
PATRICO
Largest movements
- Tangible fixed assets +€198,340
up €198,340 (+32.5%), from €609,888 to €808,228
- Debts after one year +€362,323
up €362,323 (+9,744%), from €3,718 to €366,041
of which Other amounts payable: +€308,441
- Short-term financial debts -€150,000
no longer reported in 2025 (was €150,000)
- Trade debts -€131,700
down €131,700 (-93.9%), from €140,329 to €8,629
- Reserves +€87,817
up €87,817 (+25.1%), from €350,168 to €437,985
of which Tax-exempt reserves: +€87,817
- Provisions +€29,272
up €29,272 (+44.8%), from €65,367 to €94,639
- Gross operating margin +€160,819
up €160,819 (+1,210%), from €13,294 to €174,113
- Depreciation +€23,628
up €23,628 (+79.7%), from €29,651 to €53,279
- Financial charges +€2,984
up €2,984 (+847%), from €352 to €3,337
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 | €1,025,034 | €1,216,722 | +€191,688 | +18.7% |
| Fixed assets | 21/28 | €1,001,050 | €1,199,390 | +€198,340 | +19.8% |
| Tangible fixed assets | 22/27 | €609,888 | €808,228 | +€198,340 | +32.5% |
| Land and buildings | 22 | €609,888 | €808,228 | +€198,340 | +32.5% |
| Financial fixed assets | 28 | €391,162 | €391,162 | = | 0.0% |
| Current assets | 29/58 | €23,984 | €17,332 | -€6,653 | -27.7% |
| Amounts receivable within one year | 40/41 | €3,750 | €3,750 | = | 0.0% |
| Other amounts receivable | 41 | €3,750 | €3,750 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,234 | €13,582 | -€6,653 | -32.9% |
| Total equity and liabilities | 10/49 | €1,025,034 | €1,216,722 | +€191,688 | +18.7% |
| Equity | 10/15 | €621,869 | €707,725 | +€85,856 | +13.8% |
| Contributions | 10/11 | €162,370 | €162,370 | = | 0.0% |
| Reserves | 13 | €350,168 | €437,985 | +€87,817 | +25.1% |
| Tax-exempt reserves | 132 | €196,101 | €283,917 | +€87,817 | +44.8% |
| Distributable reserves | 133 | €154,067 | €154,067 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,330 | €107,370 | -€1,960 | -1.8% |
| Provisions and deferred taxes | 16 | €65,367 | €94,639 | +€29,272 | +44.8% |
| Deferred taxes | 168 | €65,367 | €94,639 | +€29,272 | +44.8% |
| Amounts payable | 17/49 | €337,799 | €414,358 | +€76,559 | +22.7% |
| Amounts payable after more than one year | 17 | €3,718 | €366,041 | +€362,323 | +9,744% |
| Financial debts | 170/4 | - | €53,882 | +€53,882 | |
| Other amounts payable | 178/9 | €3,718 | €312,159 | +€308,441 | +8,295% |
| Amounts payable within one year | 42/48 | €334,080 | €48,317 | -€285,764 | -85.5% |
| Current portion of amounts payable after more than one year | 42 | - | €14,203 | +€14,203 | |
| Financial debts | 43 | €150,000 | - | -€150,000 | |
| Credit institutions | 430/8 | €150,000 | - | -€150,000 | |
| Trade debts | 44 | €140,329 | €8,629 | -€131,700 | -93.9% |
| Suppliers | 440/4 | €140,329 | €8,629 | -€131,700 | -93.9% |
| Other amounts payable | 47/48 | €43,751 | €25,485 | -€18,267 | -41.8% |
| Non-recurring operating income | 76A | - | €142,754 | +€142,754 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,651 | €53,279 | +€23,628 | +79.7% |
| Other operating charges | 640/8 | €2,710 | €2,369 | -€341 | -12.6% |
| Gross operating margin | 9900 | €13,294 | €174,113 | +€160,819 | +1,210% |
| Operating profit (loss) | 9901 | -€19,067 | €118,465 | +€137,532 | |
| Financial income | 75/76B | €161 | - | -€161 | |
| Recurring financial income | 75 | €161 | - | -€161 | |
| Financial charges | 65/66B | €352 | €3,337 | +€2,984 | +847% |
| Recurring financial charges | 65 | €352 | €3,337 | +€2,984 | +847% |
| Profit (loss) for the period before taxes | 9903 | -€19,258 | €115,128 | +€134,386 | |
| Transfer from deferred taxes | 780 | €3,660 | €6,416 | +€2,757 | +75.3% |
| Transfer to deferred taxes | 680 | - | €35,689 | +€35,689 | |
| Income taxes | 67/77 | €5 | - | -€5 | |
| Profit (loss) for the period | 9904 | -€15,603 | €85,856 | +€101,459 | |
| Transfer from tax-exempt reserves | 789 | €10,979 | €19,249 | +€8,270 | +75.3% |
| Transfer to tax-exempt reserves | 689 | - | €107,066 | +€107,066 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,624 | -€1,960 | +€2,664 | +57.6% |
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 15 October 2026 via checked.be.