PATRIMONIA FD: what changed
What changed
PATRIMONIA FD
filed annual accounts (NBB)
Net result for the year
€54,835
2024 · €128,528-€73,693
Equity
€636,377
2024 · €581,542+€54,835
Cash
€125,202
2024 · €88,063+€37,138
Balance sheet total
€1.8m
2024 · €1.9m-€71,263
Largest movements
Assets
- Tangible fixed assets -€140,681
down €140,681 (-8.3%), from €1.7m to €1.6m
- Cash +€37,138
up €37,138 (+42.2%), from €88,063 to €125,202
mainly Depreciation (+€102,459) and Net result for the year (+€54,835)
- Deferred charges and accrued income +€28,326
new in 2025: €28,326
Equity and liabilities
- Debts after one year -€126,572
down €126,572 (-11.5%), from €1.1m to €976,265
- Profit (loss) carried forward +€54,835
up €54,835 (+12.0%), from €456,542 to €511,377
- Current portion of long-term debt +€19,348
up €19,348 (+13.0%), from €148,627 to €167,976
Income statement
- Gross operating margin +€17,326
up €17,326 (+5.9%), from €292,317 to €309,643
- Financial charges +€16,148
up €16,148 (+86.7%), from €18,619 to €34,767
- Depreciation +€7,839
up €7,839 (+8.3%), from €94,621 to €102,459
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€128,528
Gross operating margin
+€17,326
Staff costs
+€316
Depreciation
-€7,839
Other operating charges
-€600
Other operating items
-€64,465
Financial income
+€42
Financial charges
-€16,148
Taxes
-€2,326
Result 2025
€54,835
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€106,141
Investment
+€38,222
Financing
-€107,224
Cash 2024
€88,063
From operations (derived)
+€106,141
Net result for the year
+€54,835
Depreciation
+€102,459
Receivables within one year
-€3,954
Deferred charges and accrued income
-€28,326
Trade debts
+€1,785
Tax, wage and social debts
-€16,211
Other debts
-€4,448
Investment (derived)
+€38,222
Investment in fixed assets (net)
+€38,222
Financing
-€107,224
Debts after one year
-€126,572
Current portion of long-term debt
+€19,348
Cash 2025
€125,202
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,888,727 | €1,817,464 | -€71,263 | -3.8% |
| Fixed assets | 21/28 | €1,699,762 | €1,559,081 | -€140,681 | -8.3% |
| Tangible fixed assets | 22/27 | €1,699,762 | €1,559,081 | -€140,681 | -8.3% |
| Land and buildings | 22 | €1,699,762 | €1,559,081 | -€140,681 | -8.3% |
| Current assets | 29/58 | €188,965 | €258,383 | +€69,418 | +36.7% |
| Amounts receivable within one year | 40/41 | €100,901 | €104,855 | +€3,954 | +3.9% |
| Trade receivables | 40 | €88,231 | €88,231 | +€0 | 0.0% |
| Other amounts receivable | 41 | €12,671 | €16,624 | +€3,954 | +31.2% |
| Cash at bank and in hand | 54/58 | €88,063 | €125,202 | +€37,138 | +42.2% |
| Deferred charges and accrued income | 490/1 | - | €28,326 | +€28,326 | |
| Total equity and liabilities | 10/49 | €1,888,727 | €1,817,464 | -€71,263 | -3.8% |
| Equity | 10/15 | €581,542 | €636,377 | +€54,835 | +9.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €456,542 | €511,377 | +€54,835 | +12.0% |
| Amounts payable | 17/49 | €1,307,185 | €1,181,087 | -€126,098 | -9.6% |
| Amounts payable after more than one year | 17 | €1,102,837 | €976,265 | -€126,572 | -11.5% |
| Financial debts | 170/4 | €1,102,837 | €976,265 | -€126,572 | -11.5% |
| Amounts payable within one year | 42/48 | €204,348 | €204,822 | +€474 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €148,627 | €167,976 | +€19,348 | +13.0% |
| Trade debts | 44 | €946 | €2,731 | +€1,785 | +189% |
| Suppliers | 440/4 | €946 | €2,731 | +€1,785 | +189% |
| Taxes, remuneration and social security | 45 | €18,711 | €2,500 | -€16,211 | -86.6% |
| Taxes | 450/3 | €18,711 | - | -€18,711 | |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €36,064 | €31,616 | -€4,448 | -12.3% |
| Remuneration, social security and pensions | 62 | €316 | - | -€316 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,621 | €102,459 | +€7,839 | +8.3% |
| Other operating charges | 640/8 | €3,579 | €4,179 | +€600 | +16.8% |
| Non-recurring operating charges | 66A | - | €64,465 | +€64,465 | |
| Gross operating margin | 9900 | €292,317 | €309,643 | +€17,326 | +5.9% |
| Operating profit (loss) | 9901 | €193,802 | €138,540 | -€55,261 | -28.5% |
| Financial income | 75/76B | €66 | €108 | +€42 | +63.7% |
| Recurring financial income | 75 | €66 | €108 | +€42 | +63.7% |
| Financial charges | 65/66B | €18,619 | €34,767 | +€16,148 | +86.7% |
| Recurring financial charges | 65 | €18,619 | €34,767 | +€16,148 | +86.7% |
| Profit (loss) for the period before taxes | 9903 | €175,249 | €103,881 | -€71,368 | -40.7% |
| Income taxes | 67/77 | €46,720 | €49,046 | +€2,326 | +5.0% |
| Profit (loss) for the period | 9904 | €128,528 | €54,835 | -€73,693 | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €128,528 | €54,835 | -€73,693 | -57.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.