PATRIMED: 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.
PATRIMED
Largest movements
- Tangible fixed assets +€3.9m
up €3.9m (+31.2%), from €12.5m to €16.4m
of which Assets under construction and advance payments: +€4.1m
- Cash -€558,279
down €558,279 (-84.7%), from €659,259 to €100,980
mainly Investment in fixed assets (net) (-€4.3m) and Other debts (-€2.3m)
- Receivables within one year +€307,790
up €307,790 (+316%), from €97,272 to €405,062
of which Other amounts receivable: +€238,518
- Debts after one year +€6.8m
up €6.8m (+1,232%), from €550,000 to €7.3m
of which Financial debts: +€4.2m
- Other debts -€2.3m
down €2.3m (-46.4%), from €5.0m to €2.7m
- Profit (loss) carried forward -€743,093
down €743,093 (-57.3%), from -€1.3m to -€2.0m
- Trade debts -€629,149
down €629,149 (-98.3%), from €640,137 to €10,988
- Current portion of long-term debt +€406,537
new in 2025: €406,537
- Financial charges +€204,947
up €204,947 (+133%), from €153,862 to €358,808
- Depreciation +€85,999
up €85,999 (+27.2%), from €315,751 to €401,750
- Gross operating margin -€62,461
down €62,461 (-61.8%), from €101,067 to €38,606
- Other operating charges +€9,918
up €9,918 (+93.3%), from €10,627 to €20,544
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 | €13,259,193 | €16,907,594 | +€3.6m | +27.5% |
| Fixed assets | 21/28 | €12,490,492 | €16,385,317 | +€3.9m | +31.2% |
| Tangible fixed assets | 22/27 | €12,490,492 | €16,385,317 | +€3.9m | +31.2% |
| Land and buildings | 22 | €9,080,430 | €8,765,877 | -€314,553 | -3.5% |
| Plant, machinery and equipment | 23 | €4,818 | €3,582 | -€1,236 | -25.6% |
| Furniture and vehicles | 24 | - | €6,595 | +€6,595 | |
| Other tangible fixed assets | 26 | €2,894,355 | €3,005,934 | +€111,579 | +3.9% |
| Assets under construction and advance payments | 27 | €510,889 | €4,603,329 | +€4.1m | +801% |
| Current assets | 29/58 | €768,701 | €522,277 | -€246,424 | -32.1% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €97,272 | €405,062 | +€307,790 | +316% |
| Trade receivables | 40 | €203 | €69,476 | +€69,272 | +34,042% |
| Other amounts receivable | 41 | €97,069 | €335,587 | +€238,518 | +246% |
| Cash at bank and in hand | 54/58 | €659,259 | €100,980 | -€558,279 | -84.7% |
| Deferred charges and accrued income | 490/1 | €7,169 | €11,234 | +€4,065 | +56.7% |
| Total equity and liabilities | 10/49 | €13,259,193 | €16,907,594 | +€3.6m | +27.5% |
| Equity | 10/15 | €6,954,799 | €6,323,285 | -€631,514 | -9.1% |
| Contributions | 10/11 | €6,326,920 | €6,326,920 | = | 0.0% |
| Capital | 10 | €6,326,920 | €6,326,920 | = | 0.0% |
| Issued capital | 100 | €6,326,920 | €6,326,920 | = | 0.0% |
| Revaluation surpluses | 12 | €1,896,839 | €2,008,418 | +€111,579 | +5.9% |
| Reserves | 13 | €28,508 | €28,508 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,508 | €28,508 | = | 0.0% |
| Legal reserve | 130 | €28,508 | €28,508 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,297,467 | -€2,040,560 | -€743,093 | -57.3% |
| Amounts payable | 17/49 | €6,304,394 | €10,584,309 | +€4.3m | +67.9% |
| Amounts payable after more than one year | 17 | €550,000 | €7,327,299 | +€6.8m | +1,232% |
| Financial debts | 170/4 | - | €4,191,460 | +€4.2m | |
| Other amounts payable | 178/9 | €550,000 | €3,135,839 | +€2.6m | +470% |
| Amounts payable within one year | 42/48 | €5,600,879 | €3,085,106 | -€2.5m | -44.9% |
| Current portion of amounts payable after more than one year | 42 | - | €406,537 | +€406,537 | |
| Trade debts | 44 | €640,137 | €10,988 | -€629,149 | -98.3% |
| Suppliers | 440/4 | €640,137 | €10,988 | -€629,149 | -98.3% |
| Taxes, remuneration and social security | 45 | €6,326 | €11,167 | +€4,841 | +76.5% |
| Taxes | 450/3 | €6,326 | €11,167 | +€4,841 | +76.5% |
| Other amounts payable | 47/48 | €4,954,416 | €2,656,415 | -€2.3m | -46.4% |
| Accrued charges and deferred income | 492/3 | €153,515 | €171,904 | +€18,389 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315,751 | €401,750 | +€85,999 | +27.2% |
| Other operating charges | 640/8 | €10,627 | €20,544 | +€9,918 | +93.3% |
| Gross operating margin | 9900 | €101,067 | €38,606 | -€62,461 | -61.8% |
| Operating profit (loss) | 9901 | -€225,310 | -€383,688 | -€158,377 | -70.3% |
| Financial income | 75/76B | €0 | €132 | +€132 | |
| Recurring financial income | 75 | €0 | €132 | +€132 | |
| Financial charges | 65/66B | €153,862 | €358,808 | +€204,947 | +133% |
| Recurring financial charges | 65 | €153,862 | €358,808 | +€204,947 | +133% |
| Profit (loss) for the period before taxes | 9903 | -€379,172 | -€742,364 | -€363,192 | -95.8% |
| Income taxes | 67/77 | - | €729 | +€729 | |
| Profit (loss) for the period | 9904 | -€379,172 | -€743,093 | -€363,921 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€379,172 | -€743,093 | -€363,921 | -96.0% |
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 22 October 2026 via checked.be.