PATRIMBEHEER: 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.
What changed
PATRIMBEHEER
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€484,992
2024 · €493,522-€8,531
Equity
€8.6m
2024 · €8.4m+€204,992
Cash
€409,793
2024 · €420,999-€11,206
Balance sheet total
€11.6m
2024 · €12.0m-€426,338
Largest movements
Assets
- Tangible fixed assets -€519,565
down €519,565 (-4.9%), from €10.7m to €10.2m
of which Land and buildings: -€512,780
Equity and liabilities
- Debts after one year -€605,585
down €605,585 (-23.7%), from €2.6m to €1.9m
- Reserves +€204,992
up €204,992 (+2.9%), from €7.2m to €7.4m
of which Distributable reserves: +€243,391
Income statement
- Gross operating margin -€34,289
down €34,289 (-2.3%), from €1.5m to €1.4m
- Taxes -€29,589
down €29,589 (-16.4%), from €180,969 to €151,380
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.
Result 2024
€493,522
Gross operating margin
-€34,289
Depreciation
+€6,482
Other operating charges
-€2,861
Financial income
+€3,158
Financial charges
+€6,260
Taxes
+€29,589
Deferred taxes and other
-€16,870
Result 2025
€484,992
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.2m
Investment
-€311,247
Financing
-€881,303
Cash 2024
€420,999
From operations (derived)
+€1.2m
Net result for the year
+€484,992
Depreciation
+€755,812
Receivables within one year
-€30,433
Smaller working-capital items
+€800
Provisions
-€12,800
Trade debts
+€9,757
Tax, wage and social debts
-€24,613
Accrued charges and deferred income
-€2,171
Investment (derived)
-€311,247
Investment in fixed assets (net)
-€236,247
Current investments
-€75,000
Financing
-€881,303
Debts after one year
-€605,585
Current portion of long-term debt
+€4,282
Contributions, distributions and other
-€280,000
Cash 2025
€409,793
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,044,263 | €11,617,924 | -€426,338 | -3.5% |
| Fixed assets | 21/28 | €10,675,823 | €10,156,257 | -€519,565 | -4.9% |
| Tangible fixed assets | 22/27 | €10,675,823 | €10,156,257 | -€519,565 | -4.9% |
| Land and buildings | 22 | €10,658,760 | €10,145,981 | -€512,780 | -4.8% |
| Plant, machinery and equipment | 23 | €17,062 | €10,277 | -€6,786 | -39.8% |
| Current assets | 29/58 | €1,368,440 | €1,461,667 | +€93,227 | +6.8% |
| Amounts receivable within one year | 40/41 | €4,568 | €35,001 | +€30,433 | +666% |
| Trade receivables | 40 | €4,478 | €16,695 | +€12,218 | +273% |
| Other amounts receivable | 41 | €91 | €18,306 | +€18,215 | +20,125% |
| Current investments | 50/53 | €925,000 | €1,000,000 | +€75,000 | +8.1% |
| Cash at bank and in hand | 54/58 | €420,999 | €409,793 | -€11,206 | -2.7% |
| Deferred charges and accrued income | 490/1 | €17,873 | €16,873 | -€1,000 | -5.6% |
| Total equity and liabilities | 10/49 | €12,044,263 | €11,617,924 | -€426,338 | -3.5% |
| Equity | 10/15 | €8,426,618 | €8,631,610 | +€204,992 | +2.4% |
| Contributions | 10/11 | €1,240,459 | €1,240,459 | = | 0.0% |
| Capital | 10 | €1,240,459 | €1,240,459 | = | 0.0% |
| Issued capital | 100 | €1,240,459 | €1,240,459 | = | 0.0% |
| Reserves | 13 | €7,186,159 | €7,391,150 | +€204,992 | +2.9% |
| Non-distributable reserves | 130/1 | €124,046 | €124,046 | = | 0.0% |
| Legal reserve | 130 | €124,046 | €124,046 | = | 0.0% |
| Tax-exempt reserves | 132 | €361,691 | €323,291 | -€38,400 | -10.6% |
| Distributable reserves | 133 | €6,700,422 | €6,943,813 | +€243,391 | +3.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €120,564 | €107,764 | -€12,800 | -10.6% |
| Deferred taxes | 168 | €120,564 | €107,764 | -€12,800 | -10.6% |
| Amounts payable | 17/49 | €3,497,081 | €2,878,551 | -€618,530 | -17.7% |
| Amounts payable after more than one year | 17 | €2,551,837 | €1,946,252 | -€605,585 | -23.7% |
| Financial debts | 170/4 | €2,551,837 | €1,946,252 | -€605,585 | -23.7% |
| Amounts payable within one year | 42/48 | €937,432 | €926,657 | -€10,774 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €601,303 | €605,585 | +€4,282 | +0.7% |
| Trade debts | 44 | €10,170 | €19,927 | +€9,757 | +95.9% |
| Suppliers | 440/4 | €10,170 | €19,927 | +€9,757 | +95.9% |
| Taxes, remuneration and social security | 45 | €43,859 | €19,246 | -€24,613 | -56.1% |
| Taxes | 450/3 | €43,859 | €19,246 | -€24,613 | -56.1% |
| Other amounts payable | 47/48 | €282,100 | €281,900 | -€200 | -0.1% |
| Accrued charges and deferred income | 492/3 | €7,813 | €5,641 | -€2,171 | -27.8% |
| Non-recurring operating income | 76A | - | €943 | +€943 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €762,295 | €755,812 | -€6,482 | -0.9% |
| Other operating charges | 640/8 | €66,364 | €69,225 | +€2,861 | +4.3% |
| Gross operating margin | 9900 | €1,475,586 | €1,441,297 | -€34,289 | -2.3% |
| Operating profit (loss) | 9901 | €646,927 | €616,260 | -€30,668 | -4.7% |
| Financial income | 75/76B | €26,505 | €29,663 | +€3,158 | +11.9% |
| Recurring financial income | 75 | €26,505 | €29,663 | +€3,158 | +11.9% |
| Financial charges | 65/66B | €28,611 | €22,351 | -€6,260 | -21.9% |
| Recurring financial charges | 65 | €28,611 | €22,351 | -€6,260 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €644,821 | €623,572 | -€21,250 | -3.3% |
| Transfer from deferred taxes | 780 | €29,670 | €12,800 | -€16,870 | -56.9% |
| Income taxes | 67/77 | €180,969 | €151,380 | -€29,589 | -16.4% |
| Profit (loss) for the period | 9904 | €493,522 | €484,992 | -€8,531 | -1.7% |
| Transfer from tax-exempt reserves | 789 | €89,009 | €38,400 | -€50,610 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €582,532 | €523,391 | -€59,140 | -10.2% |
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.