PATRIMANA: 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.
PATRIMANA
Largest movements
- Tangible fixed assets -€64,528
down €64,528 (-5.4%), from €1.2m to €1.1m
of which Land and buildings: -€62,175
- Debts after one year -€49,692
down €49,692 (-11.5%), from €432,189 to €382,496
- Profit (loss) carried forward +€40,127
up €40,127 (+124%), from €32,248 to €72,375
- Reserves -€31,760
down €31,760 (-8.4%), from €379,196 to €347,436
of which Tax-exempt reserves: -€31,760
- Accrued charges and deferred income -€20,038
down €20,038 (-41.6%), from €48,224 to €28,185
- Taxes +€15,489
up €15,489 (+406%), from €3,813 to €19,302
- Depreciation -€12,864
down €12,864 (-31.7%), from €40,532 to €27,668
- Gross operating margin +€12,656
up €12,656 (+25.2%), from €50,301 to €62,957
- Financial charges -€1,065
down €1,065 (-8.1%), from €13,116 to €12,051
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 | €1,213,443 | €1,154,861 | -€58,582 | -4.8% |
| Fixed assets | 21/28 | €1,204,660 | €1,140,132 | -€64,528 | -5.4% |
| Tangible fixed assets | 22/27 | €1,204,660 | €1,140,132 | -€64,528 | -5.4% |
| Land and buildings | 22 | €1,189,670 | €1,127,495 | -€62,175 | -5.2% |
| Plant, machinery and equipment | 23 | €14,547 | €12,637 | -€1,911 | -13.1% |
| Furniture and vehicles | 24 | €442 | - | -€442 | |
| Current assets | 29/58 | €8,783 | €14,729 | +€5,946 | +67.7% |
| Amounts receivable within one year | 40/41 | €5 | €5 | = | 0.0% |
| Other amounts receivable | 41 | €5 | €5 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,856 | €13,181 | +€5,325 | +67.8% |
| Deferred charges and accrued income | 490/1 | €922 | €1,543 | +€620 | +67.3% |
| Total equity and liabilities | 10/49 | €1,213,443 | €1,154,861 | -€58,582 | -4.8% |
| Equity | 10/15 | €611,444 | €619,811 | +€8,367 | +1.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €379,196 | €347,436 | -€31,760 | -8.4% |
| Tax-exempt reserves | 132 | €319,421 | €287,661 | -€31,760 | -9.9% |
| Distributable reserves | 133 | €59,775 | €59,775 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,248 | €72,375 | +€40,127 | +124% |
| Provisions and deferred taxes | 16 | €106,474 | €95,887 | -€10,587 | -9.9% |
| Deferred taxes | 168 | €106,474 | €95,887 | -€10,587 | -9.9% |
| Amounts payable | 17/49 | €495,525 | €439,163 | -€56,363 | -11.4% |
| Amounts payable after more than one year | 17 | €432,189 | €382,496 | -€49,692 | -11.5% |
| Financial debts | 170/4 | €432,189 | €382,496 | -€49,692 | -11.5% |
| Amounts payable within one year | 42/48 | €15,113 | €28,481 | +€13,368 | +88.5% |
| Current portion of amounts payable after more than one year | 42 | €11,447 | €10,192 | -€1,255 | -11.0% |
| Trade debts | 44 | €731 | €4,276 | +€3,545 | +485% |
| Suppliers | 440/4 | €731 | €4,276 | +€3,545 | +485% |
| Taxes, remuneration and social security | 45 | €388 | €11,802 | +€11,414 | +2,945% |
| Taxes | 450/3 | €388 | €11,802 | +€11,414 | +2,945% |
| Other amounts payable | 47/48 | €2,547 | €2,211 | -€336 | -13.2% |
| Accrued charges and deferred income | 492/3 | €48,224 | €28,185 | -€20,038 | -41.6% |
| Non-recurring operating income | 76A | - | €13,253 | +€13,253 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,532 | €27,668 | -€12,864 | -31.7% |
| Other operating charges | 640/8 | €5,968 | €6,157 | +€188 | +3.2% |
| Gross operating margin | 9900 | €50,301 | €62,957 | +€12,656 | +25.2% |
| Operating profit (loss) | 9901 | €3,801 | €29,133 | +€25,332 | +666% |
| Financial income | 75/76B | €1 | €1 | -€0 | -46.9% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -46.9% |
| Financial charges | 65/66B | €13,116 | €12,051 | -€1,065 | -8.1% |
| Recurring financial charges | 65 | €13,116 | €12,051 | -€1,065 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,314 | €17,082 | +€26,396 | |
| Transfer from deferred taxes | 780 | €4,625 | €10,587 | +€5,962 | +129% |
| Income taxes | 67/77 | €3,813 | €19,302 | +€15,489 | +406% |
| Profit (loss) for the period | 9904 | -€8,501 | €8,367 | +€16,868 | |
| Transfer from tax-exempt reserves | 789 | €13,875 | €31,760 | +€17,885 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €5,374 | €40,127 | +€34,753 | +647% |
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 28 October 2026 via checked.be.