PATRIDEC: 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
PATRIDEC
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.7m
2024 · €594,927+€3.1m
Equity
€102.0m
2024 · €98.3m+€3.7m
Cash
€695,016
2024 · €1.7m-€1.0m
Balance sheet total
€103.3m
2024 · €98.9m+€4.4m
Largest movements
Assets
- Current investments +€3.4m
up €3.4m (+8.5%), from €39.8m to €43.2m
- Receivables after one year +€2.0m
up €2.0m (+201%), from €1.0m to €3.0m
Equity and liabilities
- Reserves +€3.7m
up €3.7m (+4.2%), from €87.3m to €90.9m
of which Tax-exempt reserves: +€2.0m
Income statement
- Gross operating margin +€3.0m
up €3.0m (+169%), from €1.8m to €4.8m
- Financial charges -€1.4m
down €1.4m (-69.2%), from €2.0m to €602,146
of which Financial charges: -€1.5m
- Financial income -€518,860
down €518,860 (-21.2%), from €2.4m to €1.9m
- Taxes +€207,518
up €207,518 (+37.3%), from €556,939 to €764,457
- Other operating charges -€51,746
down €51,746 (-17.9%), from €289,884 to €238,139
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
€594,927
Gross operating margin
+€3.0m
Depreciation
-€24,921
Other operating charges
+€51,746
Financial income
-€518,860
Financial charges
+€1.4m
Taxes
-€207,518
Deferred taxes and other
-€601,380
Result 2025
€3.7m
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
+€3.2m
Investment
-€4.2m
Financing
-€1,181
Cash 2024
€1.7m
From operations (derived)
+€3.2m
Net result for the year
+€3.7m
Depreciation
+€892,414
Receivables after one year
-€2.0m
Receivables within one year
+€68,988
Deferred charges and accrued income
-€220,133
Provisions
+€577,796
Trade debts
+€120,668
Tax, wage and social debts
+€71,633
Investment (derived)
-€4.2m
Investment in fixed assets (net)
-€802,105
Current investments
-€3.4m
Financing
-€1,181
Debts after one year
-€1,181
Cash 2025
€695,016
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,902,628 | €103,348,717 | +€4.4m | +4.5% |
| Fixed assets | 21/28 | €54,908,084 | €54,817,774 | -€90,310 | -0.2% |
| Tangible fixed assets | 22/27 | €33,729,500 | €33,639,445 | -€90,055 | -0.3% |
| Land and buildings | 22 | €26,417,669 | €26,332,027 | -€85,642 | -0.3% |
| Plant, machinery and equipment | 23 | €525,746 | €524,440 | -€1,306 | -0.2% |
| Furniture and vehicles | 24 | €6,786,084 | €6,782,978 | -€3,106 | 0.0% |
| Financial fixed assets | 28 | €21,178,584 | €21,178,329 | -€255 | 0.0% |
| Current assets | 29/58 | €43,994,544 | €48,530,942 | +€4.5m | +10.3% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €3,011,070 | +€2.0m | +201% |
| Other amounts receivable | 291 | €1,000,000 | €3,011,070 | +€2.0m | +201% |
| Amounts receivable within one year | 40/41 | €1,447,518 | €1,378,530 | -€68,988 | -4.8% |
| Trade receivables | 40 | €46,769 | €32,343 | -€14,426 | -30.8% |
| Other amounts receivable | 41 | €1,400,749 | €1,346,187 | -€54,562 | -3.9% |
| Current investments | 50/53 | €39,776,442 | €43,158,153 | +€3.4m | +8.5% |
| Cash at bank and in hand | 54/58 | €1,702,545 | €695,016 | -€1.0m | -59.2% |
| Deferred charges and accrued income | 490/1 | €68,039 | €288,172 | +€220,133 | +324% |
| Total equity and liabilities | 10/49 | €98,902,628 | €103,348,717 | +€4.4m | +4.5% |
| Equity | 10/15 | €98,282,648 | €101,959,821 | +€3.7m | +3.7% |
| Contributions | 10/11 | €11,013,306 | €11,013,306 | = | 0.0% |
| Reserves | 13 | €87,269,342 | €90,946,515 | +€3.7m | +4.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €999,447 | €2,950,577 | +€2.0m | +195% |
| Distributable reserves | 133 | €86,269,895 | €87,995,937 | +€1.7m | +2.0% |
| Provisions and deferred taxes | 16 | €405,730 | €983,526 | +€577,796 | +142% |
| Deferred taxes | 168 | €405,730 | €983,526 | +€577,796 | +142% |
| Amounts payable | 17/49 | €214,250 | €405,370 | +€191,120 | +89.2% |
| Amounts payable after more than one year | 17 | €20,135 | €18,954 | -€1,181 | -5.9% |
| Other amounts payable | 178/9 | €20,135 | €18,954 | -€1,181 | -5.9% |
| Amounts payable within one year | 42/48 | €192,866 | €385,166 | +€192,301 | +99.7% |
| Trade debts | 44 | €116,948 | €237,616 | +€120,668 | +103% |
| Suppliers | 440/4 | €116,948 | €237,616 | +€120,668 | +103% |
| Taxes, remuneration and social security | 45 | €75,917 | €147,550 | +€71,633 | +94.4% |
| Taxes | 450/3 | €75,917 | €143,521 | +€67,603 | +89.0% |
| Remuneration and social security | 454/9 | - | €4,030 | +€4,030 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Non-recurring operating income | 76A | €113,117 | €2,846,478 | +€2.7m | +2,416% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €867,493 | €892,414 | +€24,921 | +2.9% |
| Other operating charges | 640/8 | €289,884 | €238,139 | -€51,746 | -17.9% |
| Gross operating margin | 9900 | €1,794,025 | €4,823,676 | +€3.0m | +169% |
| Operating profit (loss) | 9901 | €636,647 | €3,693,123 | +€3.1m | +480% |
| Financial income | 75/76B | €2,447,309 | €1,928,449 | -€518,860 | -21.2% |
| Recurring financial income | 75 | €2,447,309 | €1,928,449 | -€518,860 | -21.2% |
| Financial charges | 65/66B | €1,955,675 | €602,146 | -€1.4m | -69.2% |
| Recurring financial charges | 65 | €1,955,675 | €505,179 | -€1.5m | -74.2% |
| Non-recurring financial charges | 66B | €0 | €96,968 | +€96,968 | |
| Profit (loss) for the period before taxes | 9903 | €1,128,282 | €5,019,426 | +€3.9m | +345% |
| Transfer from deferred taxes | 780 | €23,585 | €133,823 | +€110,239 | +467% |
| Transfer to deferred taxes | 680 | - | €711,619 | +€711,619 | |
| Income taxes | 67/77 | €556,939 | €764,457 | +€207,518 | +37.3% |
| Profit (loss) for the period | 9904 | €594,927 | €3,677,173 | +€3.1m | +518% |
| Transfer from tax-exempt reserves | 789 | €70,754 | €183,728 | +€112,974 | +160% |
| Transfer to tax-exempt reserves | 689 | - | €2,134,858 | +€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €665,681 | €1,726,042 | +€1.1m | +159% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.