PATRIDES: what changed
Two fiscal 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.
PATRIDES
Largest movements
- Financial fixed assets +€14.3m
up €14.3m (+359.3%), from €4.0m to €18.3m
- Tangible fixed assets -€2.2m
down €2.2m (-79.0%), from €2.7m to €572,749
of which Land and buildings: -€2.2m
- Receivables within one year -€1.1m
down €1.1m (-36.1%), from €3.1m to €2.0m
of which Other amounts receivable: -€1.1m
- Intangible fixed assets -€295,585
down €295,585 (-10.6%), from €2.8m to €2.5m
- Other debts +€5.4m
up €5.4m (+188.1%), from €2.9m to €8.3m
- Current portion of long-term debt +€2.5m
up €2.5m (+60.3%), from €4.2m to €6.7m
- Profit (loss) carried forward +€2.3m
up €2.3m (+92.1%), from -€2.4m to -€193,137
- Tax, wage and social debts +€845,056
up €845,056 (+223.9%), from €377,428 to €1.2m
of which Taxes: +€835,589
- Provisions -€281,071
down €281,071 (-22.6%), from €1.2m to €963,099
- Taxes +€1.1m
up €1.1m (+2794.7%), from €39,495 to €1.1m
- Gross operating margin +€608,729
up €608,729 (+17.4%), from €3.5m to €4.1m
- Depreciation +€146,531
up €146,531 (+93.6%), from €156,570 to €303,101
- Financial income +€65,837
up €65,837 (+650.4%), from €10,122 to €75,959
of which Financial income: +€60,262
- Financial charges -€49,250
down €49,250 (-10.3%), from €479,173 to €429,923
of which Financial charges: -€49,238
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.
Cash bridge derived
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 | €12,906,192 | €23,638,850 | +€10.7m | +83.2% |
| Fixed assets | 21/28 | €9,522,425 | €21,411,121 | +€11.9m | +124.8% |
| Intangible fixed assets | 21 | €2,797,469 | €2,501,885 | -€295,585 | -10.6% |
| Tangible fixed assets | 22/27 | €2,732,275 | €572,749 | -€2.2m | -79.0% |
| Land and buildings | 22 | €2,724,333 | €571,147 | -€2.2m | -79.0% |
| Plant, machinery and equipment | 23 | €3,752 | €0 | -€3,752 | -100.0% |
| Furniture and vehicles | 24 | €4,190 | €1,602 | -€2,588 | -61.8% |
| Financial fixed assets | 28 | €3,992,681 | €18,336,488 | +€14.3m | +359.3% |
| Current assets | 29/58 | €3,383,767 | €2,227,729 | -€1.2m | -34.2% |
| Amounts receivable within one year | 40/41 | €3,146,599 | €2,010,304 | -€1.1m | -36.1% |
| Trade receivables | 40 | €42 | €8,525 | +€8,482 | +19967.7% |
| Other amounts receivable | 41 | €3,146,556 | €2,001,779 | -€1.1m | -36.4% |
| Cash at bank and in hand | 54/58 | €99,035 | €79,821 | -€19,214 | -19.4% |
| Deferred charges and accrued income | 490/1 | €138,133 | €137,603 | -€530 | -0.4% |
| Total equity and liabilities | 10/49 | €12,906,192 | €23,638,850 | +€10.7m | +83.2% |
| Equity | 10/15 | €3,560,943 | €5,969,105 | +€2.4m | +67.6% |
| Contributions | 10/11 | €768,600 | €768,600 | = | 0.0% |
| Reserves | 13 | €5,239,877 | €5,393,643 | +€153,766 | +2.9% |
| Tax-exempt reserves | 132 | €4,937,669 | €5,091,435 | +€153,766 | +3.1% |
| Distributable reserves | 133 | €302,208 | €302,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,447,534 | -€193,137 | +€2.3m | +92.1% |
| Provisions and deferred taxes | 16 | €1,244,169 | €963,099 | -€281,071 | -22.6% |
| Deferred taxes | 168 | €1,244,169 | €963,099 | -€281,071 | -22.6% |
| Amounts payable | 17/49 | €8,101,079 | €16,706,646 | +€8.6m | +106.2% |
| Amounts payable after more than one year | 17 | €659,982 | €486,936 | -€173,046 | -26.2% |
| Financial debts | 170/4 | €659,982 | €486,936 | -€173,046 | -26.2% |
| Amounts payable within one year | 42/48 | €7,441,097 | €16,219,711 | +€8.8m | +118.0% |
| Current portion of amounts payable after more than one year | 42 | €4,173,685 | €6,688,368 | +€2.5m | +60.3% |
| Trade debts | 44 | €18,405 | €34,840 | +€16,435 | +89.3% |
| Suppliers | 440/4 | €18,405 | €34,840 | +€16,435 | +89.3% |
| Taxes, remuneration and social security | 45 | €377,428 | €1,222,484 | +€845,056 | +223.9% |
| Taxes | 450/3 | €377,428 | €1,213,016 | +€835,589 | +221.4% |
| Remuneration and social security | 454/9 | - | €9,468 | +€9,468 | |
| Other amounts payable | 47/48 | €2,871,579 | €8,274,019 | +€5.4m | +188.1% |
| Non-recurring operating income | 76A | €3,687,022 | €4,725,155 | +€1.0m | +28.2% |
| Remuneration, social security and pensions | 62 | €594 | €38,659 | +€38,064 | +6404.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,570 | €303,101 | +€146,531 | +93.6% |
| Other operating charges | 640/8 | €26,354 | €34,746 | +€8,393 | +31.8% |
| Non-recurring operating charges | 66A | - | €102,736 | +€102,736 | |
| Gross operating margin | 9900 | €3,494,812 | €4,103,541 | +€608,729 | +17.4% |
| Operating profit (loss) | 9901 | €3,311,295 | €3,624,299 | +€313,004 | +9.5% |
| Financial income | 75/76B | €10,122 | €75,959 | +€65,837 | +650.4% |
| Recurring financial income | 75 | €9,222 | €69,483 | +€60,262 | +653.5% |
| Non-recurring financial income | 76B | €901 | €6,476 | +€5,575 | +618.9% |
| Financial charges | 65/66B | €479,173 | €429,923 | -€49,250 | -10.3% |
| Recurring financial charges | 65 | €478,176 | €428,937 | -€49,238 | -10.3% |
| Non-recurring financial charges | 66B | €998 | €986 | -€12 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €2,842,244 | €3,270,335 | +€428,091 | +15.1% |
| Transfer from deferred taxes | 780 | €921 | €281,071 | +€280,150 | +30413.7% |
| Transfer to deferred taxes | 680 | €321,613 | €0 | -€321,613 | -100.0% |
| Income taxes | 67/77 | €39,495 | €1,143,244 | +€1.1m | +2794.7% |
| Profit (loss) for the period | 9904 | €2,482,057 | €2,408,162 | -€73,895 | -3.0% |
| Transfer from tax-exempt reserves | 789 | €2,763 | €844,004 | +€841,241 | +30442.1% |
| Transfer to tax-exempt reserves | 689 | €4,932,354 | €997,770 | -€3.9m | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,447,534 | €2,254,396 | +€4.7m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.