PATRIMO: 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
PATRIMO
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5,948
2024 · €11,449-€17,397
Equity
€1.0m
2024 · €1.1m-€92,598
Cash
€23,247
2024 · €26,204-€2,957
Balance sheet total
€2.2m
2024 · €2.0m+€189,036
Largest movements
Assets
- Tangible fixed assets +€251,837
up €251,837 (+15.1%), from €1.7m to €1.9m
of which Land and buildings: +€252,534
- Current investments -€174,296
down €174,296 (-67.3%), from €258,942 to €84,646
- Receivables within one year +€114,555
up €114,555 (+821%), from €13,951 to €128,506
of which Other amounts receivable: +€113,595
Equity and liabilities
- Debts after one year +€183,679
up €183,679 (+39.9%), from €460,423 to €644,102
- Reserves -€110,904
down €110,904 (-17.0%), from €651,155 to €540,250
of which Distributable reserves: -€86,650
- Other debts +€60,168
up €60,168 (+275%), from €21,916 to €82,084
- Current portion of long-term debt +€51,399
up €51,399 (+44.6%), from €115,175 to €166,574
Income statement
- Gross operating margin -€15,171
down €15,171 (-7.1%), from €214,501 to €199,330
- Depreciation +€5,805
up €5,805 (+4.1%), from €142,542 to €148,347
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
€11,449
Gross operating margin
-€15,171
Depreciation
-€5,805
Other operating charges
-€1,052
Financial income
+€1,610
Financial charges
+€228
Taxes
+€2,115
Deferred taxes and other
+€679
Result 2025
-€5,948
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
+€74,503
Investment
-€225,889
Financing
+€148,428
Cash 2024
€26,204
From operations (derived)
+€74,503
Net result for the year
-€5,948
Depreciation
+€148,347
Receivables within one year
-€114,555
Deferred charges and accrued income
+€103
Provisions
-€14,063
Trade debts
-€7,196
Tax, wage and social debts
+€5,032
Other debts
+€60,168
Accrued charges and deferred income
+€2,615
Investment (derived)
-€225,889
Investment in fixed assets (net)
-€400,184
Current investments
+€174,296
Financing
+€148,428
Debts after one year
+€183,679
Current portion of long-term debt
+€51,399
Contributions, distributions and other
-€86,650
Cash 2025
€23,247
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,968,138 | €2,157,174 | +€189,036 | +9.6% |
| Fixed assets | 21/28 | €1,668,938 | €1,920,775 | +€251,837 | +15.1% |
| Tangible fixed assets | 22/27 | €1,668,412 | €1,920,249 | +€251,837 | +15.1% |
| Land and buildings | 22 | €1,664,512 | €1,917,046 | +€252,534 | +15.2% |
| Plant, machinery and equipment | 23 | €3,144 | €2,304 | -€840 | -26.7% |
| Furniture and vehicles | 24 | €756 | €900 | +€144 | +19.0% |
| Financial fixed assets | 28 | €526 | €526 | = | 0.0% |
| Current assets | 29/58 | €299,200 | €236,399 | -€62,801 | -21.0% |
| Amounts receivable within one year | 40/41 | €13,951 | €128,506 | +€114,555 | +821% |
| Trade receivables | 40 | - | €960 | +€960 | |
| Other amounts receivable | 41 | €13,951 | €127,546 | +€113,595 | +814% |
| Current investments | 50/53 | €258,942 | €84,646 | -€174,296 | -67.3% |
| Cash at bank and in hand | 54/58 | €26,204 | €23,247 | -€2,957 | -11.3% |
| Deferred charges and accrued income | 490/1 | €103 | - | -€103 | |
| Total equity and liabilities | 10/49 | €1,968,138 | €2,157,174 | +€189,036 | +9.6% |
| Equity | 10/15 | €1,134,880 | €1,042,283 | -€92,598 | -8.2% |
| Contributions | 10/11 | €562,446 | €562,446 | = | 0.0% |
| Capital | 10 | €562,446 | €562,446 | = | 0.0% |
| Issued capital | 100 | €562,446 | €562,446 | = | 0.0% |
| Reserves | 13 | €651,155 | €540,250 | -€110,904 | -17.0% |
| Non-distributable reserves | 130/1 | €110,546 | €110,546 | = | 0.0% |
| Legal reserve | 130 | €26,696 | €26,696 | = | 0.0% |
| Reserves not available under the articles | 1311 | €83,850 | €83,850 | = | 0.0% |
| Tax-exempt reserves | 132 | €453,958 | €429,704 | -€24,254 | -5.3% |
| Distributable reserves | 133 | €86,650 | - | -€86,650 | |
| Profit (loss) carried forward | 14 | -€78,720 | -€60,413 | +€18,307 | +23.3% |
| Provisions and deferred taxes | 16 | €216,950 | €202,887 | -€14,063 | -6.5% |
| Provisions for liabilities and charges | 160/5 | €9,387 | €7,215 | -€2,172 | -23.1% |
| Environmental obligations | 163 | €9,387 | €7,215 | -€2,172 | -23.1% |
| Deferred taxes | 168 | €207,563 | €195,672 | -€11,891 | -5.7% |
| Amounts payable | 17/49 | €616,307 | €912,004 | +€295,697 | +48.0% |
| Amounts payable after more than one year | 17 | €460,423 | €644,102 | +€183,679 | +39.9% |
| Financial debts | 170/4 | €460,423 | €644,102 | +€183,679 | +39.9% |
| Amounts payable within one year | 42/48 | €148,498 | €257,900 | +€109,403 | +73.7% |
| Current portion of amounts payable after more than one year | 42 | €115,175 | €166,574 | +€51,399 | +44.6% |
| Trade debts | 44 | €11,406 | €4,210 | -€7,196 | -63.1% |
| Suppliers | 440/4 | €11,406 | €4,210 | -€7,196 | -63.1% |
| Taxes, remuneration and social security | 45 | - | €5,032 | +€5,032 | |
| Taxes | 450/3 | - | €5,032 | +€5,032 | |
| Other amounts payable | 47/48 | €21,916 | €82,084 | +€60,168 | +275% |
| Accrued charges and deferred income | 492/3 | €7,387 | €10,002 | +€2,615 | +35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,542 | €148,347 | +€5,805 | +4.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,172 | -€2,172 | = | 0.0% |
| Other operating charges | 640/8 | €21,619 | €22,671 | +€1,052 | +4.9% |
| Gross operating margin | 9900 | €214,501 | €199,330 | -€15,171 | -7.1% |
| Operating profit (loss) | 9901 | €52,512 | €30,484 | -€22,028 | -41.9% |
| Financial income | 75/76B | €95 | €1,705 | +€1,610 | +1,689% |
| Recurring financial income | 75 | €95 | €1,705 | +€1,610 | +1,689% |
| Financial charges | 65/66B | €32,695 | €32,467 | -€228 | -0.7% |
| Recurring financial charges | 65 | €32,695 | €32,467 | -€228 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €19,912 | -€278 | -€20,190 | |
| Transfer from deferred taxes | 780 | €11,213 | €11,891 | +€679 | +6.1% |
| Income taxes | 67/77 | €19,675 | €17,561 | -€2,115 | -10.7% |
| Profit (loss) for the period | 9904 | €11,449 | -€5,948 | -€17,397 | |
| Transfer from tax-exempt reserves | 789 | €22,279 | €24,254 | +€1,975 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,728 | €18,307 | -€15,421 | -45.7% |
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 25 October 2026 via checked.be.