PATRILAM: 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.
What changed
PATRILAM
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€60,794
2024 · €81,900-€21,106
Equity
€13.1m
2024 · €13.0m+€60,794
Cash
€20,934
2024 · €15,776+€5,158
Balance sheet total
€18.6m
2024 · €18.5m+€95,515
Largest movements
Assets
- Receivables within one year -€537,293
down €537,293 (-13.2%), from €4.1m to €3.5m
of which Other amounts receivable: -€349,368
- Tangible fixed assets +€363,479
up €363,479 (+2.7%), from €13.4m to €13.8m
of which Land and buildings: +€349,449
- Deferred charges and accrued income +€338,046
up €338,046 (+136.8%), from €247,190 to €585,236
Equity and liabilities
- Short-term financial debts +€365,000
new in 2025: €365,000
- Other debts -€312,583
down €312,583 (-6.8%), from €4.6m to €4.3m
Income statement
- Gross operating margin -€70,639
down €70,639 (-27.6%), from €256,011 to €185,372
- Depreciation -€49,176
down €49,176 (-39.3%), from €125,141 to €75,965
- Other operating charges -€3,452
down €3,452 (-18.4%), from €18,725 to €15,273
- Financial charges +€3,186
up €3,186 (+10.6%), from €30,139 to €33,325
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
€81,900
Gross operating margin
-€70,639
Staff costs
+€63
Depreciation
+€49,176
Other operating charges
+€3,452
Financial income
+€0
Financial charges
-€3,186
Taxes
+€28
Result 2025
€60,794
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.
From operations
+€10,137
Investment
-€365,569
Financing
+€360,590
Cash 2024
€15,776
From operations (derived)
+€10,137
Net result for the year
+€60,794
Depreciation
+€75,965
Receivables within one year
+€537,293
Deferred charges and accrued income
-€338,046
Trade debts
-€13,784
Tax, wage and social debts
+€3,890
Advances received
-€3,391
Other debts
-€312,583
Investment (derived)
-€365,569
Investment in fixed assets (net)
-€365,569
Financing
+€360,590
Debts after one year
-€41,766
Current portion of long-term debt
+€37,356
Short-term financial debts
+€365,000
Cash 2025
€20,934
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,496,028 | €18,591,544 | +€95,515 | +0.5% |
| Fixed assets | 21/28 | €14,154,026 | €14,443,630 | +€289,604 | +2.0% |
| Intangible fixed assets | 21 | €240,898 | €167,024 | -€73,874 | -30.7% |
| Tangible fixed assets | 22/27 | €13,415,475 | €13,778,953 | +€363,479 | +2.7% |
| Land and buildings | 22 | €13,314,150 | €13,663,599 | +€349,449 | +2.6% |
| Plant, machinery and equipment | 23 | €39,180 | €47,037 | +€7,856 | +20.1% |
| Furniture and vehicles | 24 | €2,257 | €2,442 | +€185 | +8.2% |
| Other tangible fixed assets | 26 | €59,888 | €65,875 | +€5,988 | +10.0% |
| Financial fixed assets | 28 | €497,653 | €497,653 | = | 0.0% |
| Current assets | 29/58 | €4,342,002 | €4,147,913 | -€194,089 | -4.5% |
| Amounts receivable within one year | 40/41 | €4,079,036 | €3,541,743 | -€537,293 | -13.2% |
| Trade receivables | 40 | €207,465 | €19,540 | -€187,925 | -90.6% |
| Other amounts receivable | 41 | €3,871,571 | €3,522,203 | -€349,368 | -9.0% |
| Cash at bank and in hand | 54/58 | €15,776 | €20,934 | +€5,158 | +32.7% |
| Deferred charges and accrued income | 490/1 | €247,190 | €585,236 | +€338,046 | +136.8% |
| Total equity and liabilities | 10/49 | €18,496,028 | €18,591,544 | +€95,515 | +0.5% |
| Equity | 10/15 | €13,023,199 | €13,083,993 | +€60,794 | +0.5% |
| Contributions | 10/11 | €1,388,204 | €1,388,204 | = | 0.0% |
| Capital | 10 | €1,388,204 | €1,388,204 | = | 0.0% |
| Issued capital | 100 | €1,388,204 | €1,388,204 | = | 0.0% |
| Revaluation surpluses | 12 | €12,004,538 | €12,004,538 | = | 0.0% |
| Reserves | 13 | €1,892 | €1,892 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,892 | €1,892 | = | 0.0% |
| Legal reserve | 130 | €1,892 | €1,892 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€371,434 | -€310,640 | +€60,794 | +16.4% |
| Amounts payable | 17/49 | €5,472,829 | €5,507,550 | +€34,722 | +0.6% |
| Amounts payable after more than one year | 17 | €709,535 | €667,768 | -€41,766 | -5.9% |
| Financial debts | 170/4 | €709,535 | €667,768 | -€41,766 | -5.9% |
| Amounts payable within one year | 42/48 | €4,763,294 | €4,839,782 | +€76,488 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €100,191 | €137,547 | +€37,356 | +37.3% |
| Financial debts | 43 | - | €365,000 | +€365,000 | |
| Other loans | 439 | - | €365,000 | +€365,000 | |
| Trade debts | 44 | €62,048 | €48,264 | -€13,784 | -22.2% |
| Suppliers | 440/4 | €62,048 | €48,264 | -€13,784 | -22.2% |
| Advances received on contracts in progress | 46 | €4,539 | €1,148 | -€3,391 | -74.7% |
| Taxes, remuneration and social security | 45 | €339 | €4,229 | +€3,890 | +1146.0% |
| Taxes | 450/3 | €339 | €4,229 | +€3,890 | +1146.0% |
| Other amounts payable | 47/48 | €4,596,177 | €4,283,593 | -€312,583 | -6.8% |
| Remuneration, social security and pensions | 62 | €63 | - | -€63 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,141 | €75,965 | -€49,176 | -39.3% |
| Other operating charges | 640/8 | €18,725 | €15,273 | -€3,452 | -18.4% |
| Gross operating margin | 9900 | €256,011 | €185,372 | -€70,639 | -27.6% |
| Operating profit (loss) | 9901 | €112,083 | €94,134 | -€17,949 | -16.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €30,139 | €33,325 | +€3,186 | +10.6% |
| Recurring financial charges | 65 | €30,139 | €33,325 | +€3,186 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €81,944 | €60,810 | -€21,134 | -25.8% |
| Income taxes | 67/77 | €44 | €16 | -€28 | -64.2% |
| Profit (loss) for the period | 9904 | €81,900 | €60,794 | -€21,106 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €81,900 | €60,794 | -€21,106 | -25.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.