PATRIMAR: 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.
PATRIMAR
Largest movements
- Tangible fixed assets +€46,120
up €46,120 (+34.4%), from €134,159 to €180,279
of which Other tangible fixed assets: +€44,449
- Cash -€19,810
down €19,810 (-21.2%), from €93,227 to €73,417
mainly Investment in fixed assets (net) (-€57,689) and Deferred charges and accrued income (-€18,065)
- Deferred charges and accrued income +€18,065
up €18,065 (+698.1%), from €2,588 to €20,652
- Receivables within one year +€3,774
up €3,774 (+52.3%), from €7,213 to €10,986
of which Other amounts receivable: +€3,774
- Debts after one year +€38,557
new in 2025: €38,557
- Profit (loss) carried forward +€10,131
up €10,131 (+55.4%), from -€18,277 to -€8,147
- Other debts -€9,587
down €9,587 (-95.3%), from €10,059 to €472
- Current portion of long-term debt +€9,207
new in 2025: €9,207
- Tax, wage and social debts -€5,114
down €5,114 (-58.1%), from €8,802 to €3,688
- Gross operating margin -€2,556
down €2,556 (-8.4%), from €30,503 to €27,947
- Depreciation +€2,446
up €2,446 (+26.8%), from €9,123 to €11,569
- Taxes -€1,214
down €1,214 (-24.8%), from €4,902 to €3,688
- Staff costs -€769
down €769 (-98.4%), from €782 to €12
- Financial charges +€568
up €568 (+1352.0%), from €42 to €610
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,186 | €285,334 | +€48,148 | +20.3% |
| Fixed assets | 21/28 | €134,159 | €180,279 | +€46,120 | +34.4% |
| Tangible fixed assets | 22/27 | €134,159 | €180,279 | +€46,120 | +34.4% |
| Land and buildings | 22 | €119,644 | €121,315 | +€1,671 | +1.4% |
| Other tangible fixed assets | 26 | €14,515 | €58,964 | +€44,449 | +306.2% |
| Current assets | 29/58 | €103,027 | €105,055 | +€2,028 | +2.0% |
| Amounts receivable within one year | 40/41 | €7,213 | €10,986 | +€3,774 | +52.3% |
| Trade receivables | 40 | €6,213 | €6,213 | = | 0.0% |
| Other amounts receivable | 41 | €1,000 | €4,774 | +€3,774 | +377.4% |
| Cash at bank and in hand | 54/58 | €93,227 | €73,417 | -€19,810 | -21.2% |
| Deferred charges and accrued income | 490/1 | €2,588 | €20,652 | +€18,065 | +698.1% |
| Total equity and liabilities | 10/49 | €237,186 | €285,334 | +€48,148 | +20.3% |
| Equity | 10/15 | €218,325 | €228,455 | +€10,131 | +4.6% |
| Contributions | 10/11 | €235,499 | €235,499 | = | 0.0% |
| Outside capital | 11 | €235,499 | €235,499 | = | 0.0% |
| Other | 1109/19 | €235,499 | €235,499 | = | 0.0% |
| Reserves | 13 | €1,103 | €1,103 | = | 0.0% |
| Distributable reserves | 133 | €1,103 | €1,103 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,277 | -€8,147 | +€10,131 | +55.4% |
| Amounts payable | 17/49 | €18,861 | €56,879 | +€38,018 | +201.6% |
| Amounts payable after more than one year | 17 | - | €38,557 | +€38,557 | |
| Financial debts | 170/4 | - | €38,557 | +€38,557 | |
| Amounts payable within one year | 42/48 | €18,861 | €18,322 | -€540 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | - | €9,207 | +€9,207 | |
| Trade debts | 44 | - | €4,955 | +€4,955 | |
| Suppliers | 440/4 | - | €4,955 | +€4,955 | |
| Taxes, remuneration and social security | 45 | €8,802 | €3,688 | -€5,114 | -58.1% |
| Taxes | 450/3 | €8,802 | €3,688 | -€5,114 | -58.1% |
| Other amounts payable | 47/48 | €10,059 | €472 | -€9,587 | -95.3% |
| Remuneration, social security and pensions | 62 | €782 | €12 | -€769 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,123 | €11,569 | +€2,446 | +26.8% |
| Other operating charges | 640/8 | €1,880 | €1,938 | +€58 | +3.1% |
| Gross operating margin | 9900 | €30,503 | €27,947 | -€2,556 | -8.4% |
| Operating profit (loss) | 9901 | €18,719 | €14,428 | -€4,291 | -22.9% |
| Financial charges | 65/66B | €42 | €610 | +€568 | +1352.0% |
| Recurring financial charges | 65 | €42 | €610 | +€568 | +1352.0% |
| Profit (loss) for the period before taxes | 9903 | €18,677 | €13,818 | -€4,859 | -26.0% |
| Income taxes | 67/77 | €4,902 | €3,688 | -€1,214 | -24.8% |
| Profit (loss) for the period | 9904 | €13,775 | €10,131 | -€3,645 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,775 | €10,131 | -€3,645 | -26.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.