PATRILEX: 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.
PATRILEX
Largest movements
- Current investments -€1.3m
no longer reported in 2025 (was €1.3m)
- Cash +€194,270
up €194,270 (+44.8%), from €433,682 to €627,953
mainly Current investments (+€1.3m) and Depreciation (+€47,301)
- Tangible fixed assets -€47,301
down €47,301 (-4.5%), from €1.0m to €1.0m
- Contributions -€924,757
no longer reported in 2025 (was €924,757)
- Tax, wage and social debts -€123,634
down €123,634 (-96.7%), from €127,904 to €4,270
- Debts after one year -€63,866
down €63,866 (-51.7%), from €123,417 to €59,551
- Reserves -€51,134
down €51,134 (-4.8%), from €1.1m to €1.0m
of which Non-distributable reserves: -€92,476
- Financial income -€6,421
down €6,421 (-16.3%), from €39,324 to €32,902
- Gross operating margin +€5,342
up €5,342 (+7.3%), from €73,291 to €78,634
- Taxes -€3,731
down €3,731 (-20.9%), from €17,872 to €14,140
- Financial charges -€1,107
down €1,107 (-26.2%), from €4,219 to €3,112
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,787,498 | €1,629,985 | -€1.2m | -41.5% |
| Fixed assets | 21/28 | €1,048,832 | €1,001,531 | -€47,301 | -4.5% |
| Tangible fixed assets | 22/27 | €1,048,832 | €1,001,531 | -€47,301 | -4.5% |
| Land and buildings | 22 | €1,048,832 | €1,001,531 | -€47,301 | -4.5% |
| Current assets | 29/58 | €1,738,666 | €628,454 | -€1.1m | -63.9% |
| Amounts receivable within one year | 40/41 | €4,501 | - | -€4,501 | |
| Trade receivables | 40 | €4,501 | - | -€4,501 | |
| Current investments | 50/53 | €1,300,000 | - | -€1.3m | |
| Cash at bank and in hand | 54/58 | €433,682 | €627,953 | +€194,270 | +44.8% |
| Deferred charges and accrued income | 490/1 | €482 | €501 | +€19 | +3.9% |
| Total equity and liabilities | 10/49 | €2,787,498 | €1,629,985 | -€1.2m | -41.5% |
| Equity | 10/15 | €1,987,034 | €1,016,279 | -€970,755 | -48.9% |
| Contributions | 10/11 | €924,757 | - | -€924,757 | |
| Reserves | 13 | €1,067,413 | €1,016,279 | -€51,134 | -4.8% |
| Non-distributable reserves | 130/1 | €92,476 | - | -€92,476 | |
| Reserves not available under the articles | 1311 | €92,476 | - | -€92,476 | |
| Distributable reserves | 133 | €974,937 | €1,016,279 | +€41,341 | +4.2% |
| Profit (loss) carried forward | 14 | -€5,136 | - | +€5,136 | |
| Amounts payable | 17/49 | €800,464 | €613,706 | -€186,758 | -23.3% |
| Amounts payable after more than one year | 17 | €123,417 | €59,551 | -€63,866 | -51.7% |
| Financial debts | 170/4 | €123,417 | €59,551 | -€63,866 | -51.7% |
| Amounts payable within one year | 42/48 | €677,047 | €554,156 | -€122,892 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €62,740 | €63,866 | +€1,126 | +1.8% |
| Trade debts | 44 | - | €125 | +€125 | |
| Suppliers | 440/4 | - | €125 | +€125 | |
| Taxes, remuneration and social security | 45 | €127,904 | €4,270 | -€123,634 | -96.7% |
| Taxes | 450/3 | €127,904 | €4,270 | -€123,634 | -96.7% |
| Other amounts payable | 47/48 | €486,403 | €485,895 | -€508 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,301 | €47,301 | = | 0.0% |
| Other operating charges | 640/8 | €5,469 | €5,641 | +€172 | +3.2% |
| Gross operating margin | 9900 | €73,291 | €78,634 | +€5,342 | +7.3% |
| Operating profit (loss) | 9901 | €20,522 | €25,692 | +€5,170 | +25.2% |
| Financial income | 75/76B | €39,324 | €32,902 | -€6,421 | -16.3% |
| Recurring financial income | 75 | €39,324 | €32,902 | -€6,421 | -16.3% |
| Financial charges | 65/66B | €4,219 | €3,112 | -€1,107 | -26.2% |
| Recurring financial charges | 65 | €4,219 | €3,112 | -€1,107 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €55,626 | €55,482 | -€144 | -0.3% |
| Income taxes | 67/77 | €17,872 | €14,140 | -€3,731 | -20.9% |
| Profit (loss) for the period | 9904 | €37,754 | €41,341 | +€3,587 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,754 | €41,341 | +€3,587 | +9.5% |
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 16 October 2026 via checked.be.