PATRIMONIALE DE WINTER: what changed
What changed
PATRIMONIALE DE WINTER
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€172,508
2024 · €91,387+€81,121
Equity
-€73,902
2024 · -€246,410+€172,508
Cash
€88,566
2024 · €77,884+€10,682
Balance sheet total
€4.4m
2024 · €4.5m-€24,777
Largest movements
Assets
- Tangible fixed assets -€91,357
down €91,357 (-6.7%), from €1.4m to €1.3m
- Receivables after one year +€55,626
up €55,626 (+2.8%), from €2.0m to €2.0m
Equity and liabilities
- Debts after one year -€190,299
down €190,299 (-4.4%), from €4.3m to €4.1m
of which Financial debts: -€190,299
- Profit (loss) carried forward +€172,508
up €172,508 (+10.3%), from -€1.7m to -€1.5m
Income statement
- Gross operating margin +€69,041
up €69,041 (+21.5%), from €320,675 to €389,716
- Financial income +€34,893
up €34,893 (+67.4%), from €51,779 to €86,672
- Financial charges +€25,675
up €25,675 (+19.4%), from €132,193 to €157,868
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
€91,387
Gross operating margin
+€69,041
Depreciation
-€99
Other operating charges
+€2,962
Financial income
+€34,893
Financial charges
-€25,675
Result 2025
€172,508
raises the resultlowers the result
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
+€201,516
Investment
-€5,649
Financing
-€185,184
Cash 2024
€77,884
From operations (derived)
+€201,516
Net result for the year
+€172,508
Depreciation
+€97,006
Receivables after one year
-€55,626
Receivables within one year
+€1,227
Deferred charges and accrued income
-€1,500
Trade debts
-€29,420
Tax, wage and social debts
+€17,319
Other debts
+€1
Investment (derived)
-€5,649
Investment in fixed assets (net)
-€5,649
Financing
-€185,184
Debts after one year
-€190,299
Current portion of long-term debt
+€5,115
Cash 2025
€88,566
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,470,720 | €4,445,943 | -€24,777 | -0.6% |
| Fixed assets | 21/28 | €1,360,508 | €1,269,151 | -€91,357 | -6.7% |
| Tangible fixed assets | 22/27 | €1,360,508 | €1,269,151 | -€91,357 | -6.7% |
| Land and buildings | 22 | €1,360,508 | €1,269,151 | -€91,357 | -6.7% |
| Current assets | 29/58 | €3,110,212 | €3,176,792 | +€66,581 | +2.1% |
| Amounts receivable after more than one year | 29 | €1,952,427 | €2,008,053 | +€55,626 | +2.8% |
| Other amounts receivable | 291 | €1,952,427 | €2,008,053 | +€55,626 | +2.8% |
| Amounts receivable within one year | 40/41 | €104,901 | €103,674 | -€1,227 | -1.2% |
| Trade receivables | 40 | €23,406 | €11,666 | -€11,740 | -50.2% |
| Other amounts receivable | 41 | €81,495 | €92,007 | +€10,513 | +12.9% |
| Current investments | 50/53 | €975,000 | €975,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €77,884 | €88,566 | +€10,682 | +13.7% |
| Deferred charges and accrued income | 490/1 | - | €1,500 | +€1,500 | |
| Total equity and liabilities | 10/49 | €4,470,720 | €4,445,943 | -€24,777 | -0.6% |
| Equity | 10/15 | -€246,410 | -€73,902 | +€172,508 | +70.0% |
| Contributions | 10/11 | €416,000 | €416,000 | = | 0.0% |
| Capital | 10 | €416,000 | €416,000 | = | 0.0% |
| Issued capital | 100 | €416,000 | €416,000 | = | 0.0% |
| Reserves | 13 | €1,016,600 | €1,016,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,016,600 | €1,016,600 | = | 0.0% |
| Legal reserve | 130 | €41,600 | €41,600 | = | 0.0% |
| Own shares acquired | 1312 | €975,000 | €975,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,679,010 | -€1,506,502 | +€172,508 | +10.3% |
| Amounts payable | 17/49 | €4,717,130 | €4,519,846 | -€197,284 | -4.2% |
| Amounts payable after more than one year | 17 | €4,321,403 | €4,131,104 | -€190,299 | -4.4% |
| Financial debts | 170/4 | €2,553,903 | €2,363,604 | -€190,299 | -7.5% |
| Other amounts payable | 178/9 | €1,767,500 | €1,767,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €395,727 | €388,742 | -€6,985 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €185,184 | €190,299 | +€5,115 | +2.8% |
| Trade debts | 44 | €106,977 | €77,557 | -€29,420 | -27.5% |
| Suppliers | 440/4 | €106,977 | €77,557 | -€29,420 | -27.5% |
| Taxes, remuneration and social security | 45 | €47,891 | €65,210 | +€17,319 | +36.2% |
| Taxes | 450/3 | €47,891 | €65,210 | +€17,319 | +36.2% |
| Other amounts payable | 47/48 | €55,675 | €55,676 | +€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,907 | €97,006 | +€99 | +0.1% |
| Other operating charges | 640/8 | €51,967 | €49,006 | -€2,962 | -5.7% |
| Gross operating margin | 9900 | €320,675 | €389,716 | +€69,041 | +21.5% |
| Operating profit (loss) | 9901 | €171,800 | €243,704 | +€71,904 | +41.9% |
| Financial income | 75/76B | €51,779 | €86,672 | +€34,893 | +67.4% |
| Recurring financial income | 75 | €51,779 | €86,672 | +€34,893 | +67.4% |
| Financial charges | 65/66B | €132,193 | €157,868 | +€25,675 | +19.4% |
| Recurring financial charges | 65 | €132,193 | €157,868 | +€25,675 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €91,387 | €172,508 | +€81,121 | +88.8% |
| Profit (loss) for the period | 9904 | €91,387 | €172,508 | +€81,121 | +88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €91,387 | €172,508 | +€81,121 | +88.8% |
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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 3 November 2026 via checked.be.