PATRIMONIALE ASSET: 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.
PATRIMONIALE ASSET
Largest movements
- Stocks and contracts -€197,396
down €197,396 (-21.2%), from €931,884 to €734,488
- Cash +€70,758
up €70,758 (+192%), from €36,900 to €107,658
mainly Stocks and contracts (+€197,396) and Other debts (+€18,857)
- Receivables within one year +€10,974
up €10,974 (+562%), from €1,953 to €12,927
- Debts after one year -€136,001
down €136,001 (-100%), from €136,001 to €0
- Other debts +€18,857
up €18,857 (+5.3%), from €357,848 to €376,705
- Trade debts +€16,099
up €16,099 (+329%), from €4,900 to €20,999
- Current portion of long-term debt -€9,969
down €9,969 (-100%), from €9,969 to €0
- Gross operating margin -€30,133
down €30,133 (-55.7%), from €54,124 to €23,991
- Financial charges -€26,617
down €26,617 (-49.6%), from €53,620 to €27,003
- Other operating charges -€1,416
down €1,416 (-46.4%), from €3,056 to €1,639
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 | €973,818 | €857,213 | -€116,605 | -12.0% |
| Fixed assets | 21/28 | €3,060 | €2,102 | -€957 | -31.3% |
| Tangible fixed assets | 22/27 | €2,025 | €1,067 | -€957 | -47.3% |
| Furniture and vehicles | 24 | €2,025 | €1,067 | -€957 | -47.3% |
| Financial fixed assets | 28 | €1,035 | €1,035 | = | 0.0% |
| Current assets | 29/58 | €970,759 | €855,111 | -€115,648 | -11.9% |
| Stocks and contracts in progress | 3 | €931,884 | €734,488 | -€197,396 | -21.2% |
| Stocks | 30/36 | €931,884 | €734,488 | -€197,396 | -21.2% |
| Amounts receivable within one year | 40/41 | €1,953 | €12,927 | +€10,974 | +562% |
| Trade receivables | 40 | €1,953 | €12,927 | +€10,974 | +562% |
| Cash at bank and in hand | 54/58 | €36,900 | €107,658 | +€70,758 | +192% |
| Deferred charges and accrued income | 490/1 | €23 | €39 | +€16 | +71.1% |
| Total equity and liabilities | 10/49 | €973,818 | €857,213 | -€116,605 | -12.0% |
| Equity | 10/15 | €6,601 | €993 | -€5,608 | -85.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,399 | -€9,007 | -€5,608 | -165% |
| Amounts payable | 17/49 | €967,218 | €856,221 | -€110,997 | -11.5% |
| Amounts payable after more than one year | 17 | €136,001 | €0 | -€136,001 | -100% |
| Financial debts | 170/4 | €136,001 | €0 | -€136,001 | -100% |
| Amounts payable within one year | 42/48 | €831,217 | €856,204 | +€24,987 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €9,969 | €0 | -€9,969 | -100% |
| Financial debts | 43 | €458,500 | €458,500 | = | 0.0% |
| Credit institutions | 430/8 | €458,500 | €458,500 | = | 0.0% |
| Trade debts | 44 | €4,900 | €20,999 | +€16,099 | +329% |
| Suppliers | 440/4 | €4,900 | €20,999 | +€16,099 | +329% |
| Other amounts payable | 47/48 | €357,848 | €376,705 | +€18,857 | +5.3% |
| Accrued charges and deferred income | 492/3 | - | €17 | +€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €847 | €957 | +€110 | +13.0% |
| Other operating charges | 640/8 | €3,056 | €1,639 | -€1,416 | -46.4% |
| Gross operating margin | 9900 | €54,124 | €23,991 | -€30,133 | -55.7% |
| Operating profit (loss) | 9901 | €50,221 | €21,394 | -€28,827 | -57.4% |
| Financial charges | 65/66B | €53,620 | €27,003 | -€26,617 | -49.6% |
| Recurring financial charges | 65 | €53,620 | €27,003 | -€26,617 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,399 | -€5,608 | -€2,209 | -65.0% |
| Profit (loss) for the period | 9904 | -€3,399 | -€5,608 | -€2,209 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,399 | -€5,608 | -€2,209 | -65.0% |
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 23 October 2026 via checked.be.