PATRIMATH: 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.
PATRIMATH
Largest movements
- Current investments +€50,000
up €50,000 (+100%), from €50,000 to €100,000
- Tangible fixed assets -€47,177
down €47,177 (-8.8%), from €535,120 to €487,942
of which Land and buildings: -€46,104
- Receivables within one year +€13,216
up €13,216 (+2.8%), from €477,959 to €491,174
of which Other amounts receivable: +€11,846
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€8,929
down €8,929 (-10.0%), from €89,729 to €80,800
- Depreciation -€3,550
down €3,550 (-7.0%), from €50,727 to €47,177
- Financial charges -€1,930
down €1,930 (-11.0%), from €17,576 to €15,646
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 | €1,110,722 | €1,124,089 | +€13,368 | +1.2% |
| Fixed assets | 21/28 | €535,120 | €487,942 | -€47,177 | -8.8% |
| Tangible fixed assets | 22/27 | €535,120 | €487,942 | -€47,177 | -8.8% |
| Land and buildings | 22 | €533,408 | €487,304 | -€46,104 | -8.6% |
| Plant, machinery and equipment | 23 | €1,711 | €638 | -€1,073 | -62.7% |
| Current assets | 29/58 | €575,602 | €636,147 | +€60,545 | +10.5% |
| Amounts receivable within one year | 40/41 | €477,959 | €491,174 | +€13,216 | +2.8% |
| Trade receivables | 40 | - | €1,370 | +€1,370 | |
| Other amounts receivable | 41 | €477,959 | €489,804 | +€11,846 | +2.5% |
| Current investments | 50/53 | €50,000 | €100,000 | +€50,000 | +100% |
| Cash at bank and in hand | 54/58 | €39,775 | €35,470 | -€4,305 | -10.8% |
| Deferred charges and accrued income | 490/1 | €7,869 | €9,503 | +€1,634 | +20.8% |
| Total equity and liabilities | 10/49 | €1,110,722 | €1,124,089 | +€13,368 | +1.2% |
| Equity | 10/15 | €882,827 | €889,807 | +€6,980 | +0.8% |
| Contributions | 10/11 | €897,308 | €897,308 | = | 0.0% |
| Capital | 10 | €897,308 | €897,308 | = | 0.0% |
| Issued capital | 100 | €897,308 | €897,308 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,481 | -€7,501 | +€6,980 | +48.2% |
| Amounts payable | 17/49 | €227,894 | €234,282 | +€6,388 | +2.8% |
| Amounts payable within one year | 42/48 | €208,074 | €217,269 | +€9,196 | +4.4% |
| Trade debts | 44 | €9 | €557 | +€547 | +5,963% |
| Suppliers | 440/4 | €9 | €557 | +€547 | +5,963% |
| Other amounts payable | 47/48 | €208,064 | €216,713 | +€8,648 | +4.2% |
| Accrued charges and deferred income | 492/3 | €19,821 | €17,013 | -€2,808 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,727 | €47,177 | -€3,550 | -7.0% |
| Other operating charges | 640/8 | €19,355 | €19,636 | +€281 | +1.5% |
| Gross operating margin | 9900 | €89,729 | €80,800 | -€8,929 | -10.0% |
| Operating profit (loss) | 9901 | €19,647 | €13,987 | -€5,661 | -28.8% |
| Financial income | 75/76B | €8,059 | €8,639 | +€580 | +7.2% |
| Recurring financial income | 75 | €8,059 | €8,639 | +€580 | +7.2% |
| Financial charges | 65/66B | €17,576 | €15,646 | -€1,930 | -11.0% |
| Recurring financial charges | 65 | €17,576 | €15,646 | -€1,930 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €10,131 | €6,980 | -€3,151 | -31.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €10,131 | €6,980 | -€3,151 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,131 | €6,980 | -€3,151 | -31.1% |
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 20 October 2026 via checked.be.