PATRIDEL: 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
PATRIDEL
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€32,117
2024 · €256,753-€224,635
Equity
€1.4m
2024 · €1.3m+€32,117
Cash
€72,939
2024 · €188,703-€115,764
Balance sheet total
€1.7m
2024 · €1.7m-€15,928
Largest movements
Assets
- Cash -€115,764
down €115,764 (-61.3%), from €188,703 to €72,939
mainly Investment in fixed assets (net) (-€178,327) and Debts after one year (-€50,000)
- Tangible fixed assets +€101,311
up €101,311 (+6.5%), from €1.6m to €1.7m
of which Land and buildings: +€103,763
Equity and liabilities
- Debts after one year -€50,000
down €50,000 (-66.7%), from €75,000 to €25,000
- Reserves +€32,117
up €32,117 (+7.0%), from €457,212 to €489,330
of which Distributable reserves: +€39,075
Income statement
- Gross operating margin -€294,632
down €294,632 (-66.7%), from €441,417 to €146,785
- Depreciation +€6,979
up €6,979 (+10.0%), from €70,038 to €77,016
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
€256,753
Gross operating margin
-€294,632
Depreciation
-€6,979
Other operating charges
+€929
Financial income
+€453
Financial charges
+€761
Taxes
-€1,195
Deferred taxes and other
+€76,027
Result 2025
€32,117
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
+€112,564
Investment
-€178,327
Financing
-€50,000
Cash 2024
€188,703
From operations (derived)
+€112,564
Net result for the year
+€32,117
Depreciation
+€77,016
Receivables within one year
+€1,475
Provisions
-€1,956
Trade debts
+€3,006
Tax, wage and social debts
+€10,953
Other debts
-€10,049
Investment (derived)
-€178,327
Investment in fixed assets (net)
-€178,327
Financing
-€50,000
Debts after one year
-€50,000
Cash 2025
€72,939
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,742,257 | €1,726,329 | -€15,928 | -0.9% |
| Fixed assets | 21/28 | €1,551,589 | €1,652,900 | +€101,311 | +6.5% |
| Tangible fixed assets | 22/27 | €1,551,589 | €1,652,900 | +€101,311 | +6.5% |
| Land and buildings | 22 | €1,549,137 | €1,652,900 | +€103,763 | +6.7% |
| Furniture and vehicles | 24 | €2,452 | €0 | -€2,452 | -100% |
| Current assets | 29/58 | €190,668 | €73,429 | -€117,239 | -61.5% |
| Amounts receivable within one year | 40/41 | €1,715 | €240 | -€1,475 | -86.0% |
| Trade receivables | 40 | - | €240 | +€240 | |
| Other amounts receivable | 41 | €1,715 | €0 | -€1,715 | -100% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €188,703 | €72,939 | -€115,764 | -61.3% |
| Total equity and liabilities | 10/49 | €1,742,257 | €1,726,329 | -€15,928 | -0.9% |
| Equity | 10/15 | €1,348,885 | €1,381,002 | +€32,117 | +2.4% |
| Contributions | 10/11 | €749,382 | €749,382 | = | 0.0% |
| Capital | 10 | €749,382 | €749,382 | = | 0.0% |
| Issued capital | 100 | €749,382 | €749,382 | = | 0.0% |
| Reserves | 13 | €457,212 | €489,330 | +€32,117 | +7.0% |
| Non-distributable reserves | 130/1 | €20,021 | €22,283 | +€2,262 | +11.3% |
| Legal reserve | 130 | €20,021 | €22,283 | +€2,262 | +11.3% |
| Tax-exempt reserves | 132 | €244,899 | €235,680 | -€9,219 | -3.8% |
| Distributable reserves | 133 | €192,292 | €231,367 | +€39,075 | +20.3% |
| Profit (loss) carried forward | 14 | €142,291 | €142,291 | = | 0.0% |
| Provisions and deferred taxes | 16 | €74,071 | €72,115 | -€1,956 | -2.6% |
| Deferred taxes | 168 | €74,071 | €72,115 | -€1,956 | -2.6% |
| Amounts payable | 17/49 | €319,301 | €273,211 | -€46,089 | -14.4% |
| Amounts payable after more than one year | 17 | €75,000 | €25,000 | -€50,000 | -66.7% |
| Financial debts | 170/4 | €75,000 | €25,000 | -€50,000 | -66.7% |
| Amounts payable within one year | 42/48 | €244,301 | €248,212 | +€3,911 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €8,696 | €11,702 | +€3,006 | +34.6% |
| Suppliers | 440/4 | €8,696 | €11,702 | +€3,006 | +34.6% |
| Taxes, remuneration and social security | 45 | €4,366 | €15,320 | +€10,953 | +251% |
| Taxes | 450/3 | €4,366 | €15,320 | +€10,953 | +251% |
| Other amounts payable | 47/48 | €181,239 | €171,190 | -€10,049 | -5.5% |
| Non-recurring operating income | 76A | €298,333 | €0 | -€298,333 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,038 | €77,016 | +€6,979 | +10.0% |
| Other operating charges | 640/8 | €20,198 | €19,268 | -€929 | -4.6% |
| Gross operating margin | 9900 | €441,417 | €146,785 | -€294,632 | -66.7% |
| Operating profit (loss) | 9901 | €351,181 | €50,500 | -€300,681 | -85.6% |
| Financial income | 75/76B | €380 | €833 | +€453 | +119% |
| Recurring financial income | 75 | €380 | €833 | +€453 | +119% |
| Financial charges | 65/66B | €2,343 | €1,582 | -€761 | -32.5% |
| Recurring financial charges | 65 | €2,343 | €1,582 | -€761 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €349,218 | €49,750 | -€299,468 | -85.8% |
| Transfer from deferred taxes | 780 | €512 | €1,956 | +€1,444 | +282% |
| Transfer to deferred taxes | 680 | €74,583 | €0 | -€74,583 | -100% |
| Income taxes | 67/77 | €18,394 | €19,589 | +€1,195 | +6.5% |
| Profit (loss) for the period | 9904 | €256,753 | €32,117 | -€224,635 | -87.5% |
| Transfer from tax-exempt reserves | 789 | €4,990 | €9,219 | +€4,230 | +84.8% |
| Transfer to tax-exempt reserves | 689 | €223,749 | €0 | -€223,749 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €37,993 | €41,337 | +€3,344 | +8.8% |
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 18 October 2026 via checked.be.