PATRIMAR: 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.
PATRIMAR
Largest movements
- Receivables within one year +€169,500
up €169,500 (+40.2%), from €421,658 to €591,158
- Cash -€75,968
down €75,968 (-99.1%), from €76,638 to €671
mainly Receivables within one year (-€169,500) and Debts after one year (-€11,333)
- Tangible fixed assets -€54,242
down €54,242 (-8.9%), from €606,676 to €552,434
- Reserves +€24,876
up €24,876 (+6.3%), from €393,945 to €418,821
of which Distributable reserves: +€24,876
- Tax, wage and social debts +€21,439
up €21,439 (+37.7%), from €56,891 to €78,330
of which Remuneration and social security: +€14,962
- Gross operating margin -€93,184
down €93,184 (-42.8%), from €217,957 to €124,772
- Depreciation +€9,511
up €9,511 (+17.5%), from €54,242 to €63,753
- Taxes +€7,359
up €7,359 (+393%), from €1,872 to €9,231
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 | €1,119,413 | €1,159,596 | +€40,182 | +3.6% |
| Fixed assets | 21/28 | €606,676 | €552,434 | -€54,242 | -8.9% |
| Tangible fixed assets | 22/27 | €606,676 | €552,434 | -€54,242 | -8.9% |
| Land and buildings | 22 | €606,676 | €552,434 | -€54,242 | -8.9% |
| Current assets | 29/58 | €512,737 | €607,162 | +€94,425 | +18.4% |
| Amounts receivable within one year | 40/41 | €421,658 | €591,158 | +€169,500 | +40.2% |
| Other amounts receivable | 41 | €421,658 | €591,158 | +€169,500 | +40.2% |
| Cash at bank and in hand | 54/58 | €76,638 | €671 | -€75,968 | -99.1% |
| Deferred charges and accrued income | 490/1 | €14,441 | €15,333 | +€892 | +6.2% |
| Total equity and liabilities | 10/49 | €1,119,413 | €1,159,596 | +€40,182 | +3.6% |
| Equity | 10/15 | €462,145 | €487,021 | +€24,876 | +5.4% |
| Contributions | 10/11 | €68,200 | €68,200 | = | 0.0% |
| Capital | 10 | €68,200 | €68,200 | = | 0.0% |
| Issued capital | 100 | €68,200 | €68,200 | = | 0.0% |
| Reserves | 13 | €393,945 | €418,821 | +€24,876 | +6.3% |
| Non-distributable reserves | 130/1 | €6,820 | €6,820 | = | 0.0% |
| Legal reserve | 130 | €6,820 | €6,820 | = | 0.0% |
| Tax-exempt reserves | 132 | €95,934 | €95,934 | = | 0.0% |
| Distributable reserves | 133 | €291,191 | €316,067 | +€24,876 | +8.5% |
| Provisions and deferred taxes | 16 | €31,978 | €31,978 | = | 0.0% |
| Deferred taxes | 168 | €31,978 | €31,978 | = | 0.0% |
| Amounts payable | 17/49 | €625,291 | €640,597 | +€15,306 | +2.4% |
| Amounts payable after more than one year | 17 | €41,016 | €29,683 | -€11,333 | -27.6% |
| Financial debts | 170/4 | €41,016 | €29,683 | -€11,333 | -27.6% |
| Amounts payable within one year | 42/48 | €582,687 | €609,325 | +€26,638 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €10,815 | €11,333 | +€518 | +4.8% |
| Trade debts | 44 | €1,470 | €0 | -€1,470 | -100% |
| Suppliers | 440/4 | €1,470 | €0 | -€1,470 | -100% |
| Taxes, remuneration and social security | 45 | €56,891 | €78,330 | +€21,439 | +37.7% |
| Taxes | 450/3 | €4,626 | €11,103 | +€6,477 | +140% |
| Remuneration and social security | 454/9 | €52,265 | €67,226 | +€14,962 | +28.6% |
| Other amounts payable | 47/48 | €513,511 | €519,661 | +€6,150 | +1.2% |
| Accrued charges and deferred income | 492/3 | €1,588 | €1,589 | +€2 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,242 | €63,753 | +€9,511 | +17.5% |
| Other operating charges | 640/8 | €23,784 | €23,970 | +€187 | +0.8% |
| Gross operating margin | 9900 | €217,957 | €124,772 | -€93,184 | -42.8% |
| Operating profit (loss) | 9901 | €139,931 | €37,049 | -€102,882 | -73.5% |
| Financial charges | 65/66B | €3,836 | €2,942 | -€894 | -23.3% |
| Recurring financial charges | 65 | €3,836 | €2,942 | -€894 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €136,095 | €34,107 | -€101,988 | -74.9% |
| Transfer to deferred taxes | 680 | €31,978 | €0 | -€31,978 | -100% |
| Income taxes | 67/77 | €1,872 | €9,231 | +€7,359 | +393% |
| Profit (loss) for the period | 9904 | €102,245 | €24,876 | -€77,369 | -75.7% |
| Transfer to tax-exempt reserves | 689 | €95,934 | €0 | -€95,934 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €6,311 | €24,876 | +€18,565 | +294% |
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 15 October 2026 via checked.be.