PATRIDUC: 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
PATRIDUC
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
€163,306
2024 · €391,175-€227,869
Equity
€5.9m
2024 · €5.7m+€163,306
Cash
€426,704
2024 · €317,535+€109,169
Balance sheet total
€10.5m
2024 · €11.2m-€700,660
Largest movements
Assets
- Tangible fixed assets -€466,548
down €466,548 (-5.3%), from €8.7m to €8.3m
- Receivables within one year -€217,696
down €217,696 (-12.7%), from €1.7m to €1.5m
of which Other amounts receivable: -€231,316
- Current investments -€125,000
down €125,000 (-62.5%), from €200,000 to €75,000
Equity and liabilities
- Current portion of long-term debt -€744,284
down €744,284 (-71.7%), from €1.0m to €293,583
- Debts after one year -€293,583
down €293,583 (-24.3%), from €1.2m to €913,668
- Reserves +€163,306
up €163,306 (+4.1%), from €4.0m to €4.1m
of which Distributable reserves: +€306,467
- Other debts +€115,202
up €115,202 (+4.2%), from €2.8m to €2.9m
Income statement
- Gross operating margin -€285,145
down €285,145 (-19.4%), from €1.5m to €1.2m
- Taxes -€68,918
down €68,918 (-37.4%), from €184,252 to €115,334
- Financial charges +€25,125
up €25,125 (+11.2%), from €223,734 to €248,858
- Depreciation -€15,050
down €15,050 (-3.1%), from €481,598 to €466,548
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
€391,175
Gross operating margin
-€285,145
Staff costs
-€12,583
Depreciation
+€15,050
Write-downs
-€4,564
Other operating charges
+€6,858
Financial income
+€8,721
Financial charges
-€25,125
Taxes
+€68,918
Result 2025
€163,306
raises the resultlowers the result
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
+€1.0m
Investment
+€125,000
Financing
-€1.0m
Cash 2024
€317,535
From operations (derived)
+€1.0m
Net result for the year
+€163,306
Depreciation
+€466,548
Receivables within one year
+€217,696
Deferred charges and accrued income
+€586
Trade debts
+€29,172
Tax, wage and social debts
+€17,782
Other debts
+€115,202
Accrued charges and deferred income
+€11,860
Investment (derived)
+€125,000
Current investments
+€125,000
Financing
-€1.0m
Debts after one year
-€293,583
Current portion of long-term debt
-€744,284
Short-term financial debts
-€115
Cash 2025
€426,704
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,162,610 | €10,461,950 | -€700,660 | -6.3% |
| Fixed assets | 21/28 | €8,925,027 | €8,458,480 | -€466,548 | -5.2% |
| Tangible fixed assets | 22/27 | €8,730,678 | €8,264,130 | -€466,548 | -5.3% |
| Land and buildings | 22 | €8,730,678 | €8,264,130 | -€466,548 | -5.3% |
| Financial fixed assets | 28 | €194,349 | €194,349 | = | 0.0% |
| Current assets | 29/58 | €2,237,583 | €2,003,470 | -€234,113 | -10.5% |
| Amounts receivable within one year | 40/41 | €1,708,793 | €1,491,097 | -€217,696 | -12.7% |
| Trade receivables | 40 | €15,486 | €29,107 | +€13,620 | +87.9% |
| Other amounts receivable | 41 | €1,693,306 | €1,461,991 | -€231,316 | -13.7% |
| Current investments | 50/53 | €200,000 | €75,000 | -€125,000 | -62.5% |
| Cash at bank and in hand | 54/58 | €317,535 | €426,704 | +€109,169 | +34.4% |
| Deferred charges and accrued income | 490/1 | €11,255 | €10,669 | -€586 | -5.2% |
| Total equity and liabilities | 10/49 | €11,162,610 | €10,461,950 | -€700,660 | -6.3% |
| Equity | 10/15 | €5,746,287 | €5,909,593 | +€163,306 | +2.8% |
| Contributions | 10/11 | €1,780,000 | €1,780,000 | = | 0.0% |
| Capital | 10 | €1,780,000 | €1,780,000 | = | 0.0% |
| Issued capital | 100 | €1,880,000 | €1,880,000 | = | 0.0% |
| Uncalled capital | 101 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €3,966,287 | €4,129,593 | +€163,306 | +4.1% |
| Non-distributable reserves | 130/1 | €165,560 | €181,690 | +€16,130 | +9.7% |
| Legal reserve | 130 | €165,560 | €181,690 | +€16,130 | +9.7% |
| Tax-exempt reserves | 132 | €2,000,064 | €1,840,773 | -€159,292 | -8.0% |
| Distributable reserves | 133 | €1,800,663 | €2,107,130 | +€306,467 | +17.0% |
| Amounts payable | 17/49 | €5,416,323 | €4,552,357 | -€863,966 | -16.0% |
| Amounts payable after more than one year | 17 | €1,207,251 | €913,668 | -€293,583 | -24.3% |
| Financial debts | 170/4 | €1,207,251 | €913,668 | -€293,583 | -24.3% |
| Amounts payable within one year | 42/48 | €3,935,878 | €3,353,635 | -€582,243 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €1,037,867 | €293,583 | -€744,284 | -71.7% |
| Financial debts | 43 | €47,275 | €47,159 | -€115 | -0.2% |
| Credit institutions | 430/8 | €47,275 | €47,159 | -€115 | -0.2% |
| Trade debts | 44 | €25,085 | €54,257 | +€29,172 | +116% |
| Suppliers | 440/4 | €25,085 | €54,257 | +€29,172 | +116% |
| Taxes, remuneration and social security | 45 | €60,568 | €78,350 | +€17,782 | +29.4% |
| Taxes | 450/3 | €52,626 | €68,874 | +€16,248 | +30.9% |
| Remuneration and social security | 454/9 | €7,941 | €9,476 | +€1,535 | +19.3% |
| Other amounts payable | 47/48 | €2,765,084 | €2,880,286 | +€115,202 | +4.2% |
| Accrued charges and deferred income | 492/3 | €273,194 | €285,054 | +€11,860 | +4.3% |
| Remuneration, social security and pensions | 62 | €80,023 | €92,606 | +€12,583 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €481,598 | €466,548 | -€15,050 | -3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,564 | +€4,564 | |
| Other operating charges | 640/8 | €152,980 | €146,122 | -€6,858 | -4.5% |
| Gross operating margin | 9900 | €1,468,438 | €1,183,293 | -€285,145 | -19.4% |
| Operating profit (loss) | 9901 | €753,838 | €473,454 | -€280,383 | -37.2% |
| Financial income | 75/76B | €45,323 | €54,044 | +€8,721 | +19.2% |
| Recurring financial income | 75 | €45,323 | €54,044 | +€8,721 | +19.2% |
| Financial charges | 65/66B | €223,734 | €248,858 | +€25,125 | +11.2% |
| Recurring financial charges | 65 | €223,734 | €248,858 | +€25,125 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €575,427 | €278,640 | -€296,787 | -51.6% |
| Income taxes | 67/77 | €184,252 | €115,334 | -€68,918 | -37.4% |
| Profit (loss) for the period | 9904 | €391,175 | €163,306 | -€227,869 | -58.3% |
| Transfer from tax-exempt reserves | 789 | €159,292 | €159,292 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €550,466 | €322,597 | -€227,869 | -41.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.