PATRIMONING: 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.
PATRIMONING
Largest movements
- Intangible fixed assets -€107,378
down €107,378 (-14.3%), from €751,939 to €644,561
- Tangible fixed assets -€41,661
down €41,661 (-38.8%), from €107,453 to €65,792
of which Furniture and vehicles: -€21,525
- Receivables within one year +€37,415
up €37,415 (+16.1%), from €232,059 to €269,474
of which Trade receivables: +€47,743
- Profit (loss) carried forward +€170,188
up €170,188 (+591.7%), from €28,764 to €198,952
- Debts after one year -€166,627
down €166,627 (-43.3%), from €385,117 to €218,490
- Other debts -€50,931
down €50,931 (-34.6%), from €147,045 to €96,114
- Short-term financial debts -€45,631
down €45,631 (-31.8%), from €143,605 to €97,974
- Current portion of long-term debt -€44,026
down €44,026 (-21.6%), from €204,025 to €159,998
- Depreciation -€184,619
down €184,619 (-56.4%), from €327,577 to €142,958
- Staff costs -€95,831
down €95,831 (-12.7%), from €754,553 to €658,722
- Taxes +€63,072
up €63,072 (+142.6%), from €44,234 to €107,306
- Gross operating margin -€55,285
down €55,285 (-4.8%), from €1.1m to €1.1m
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.
Cash bridge derived
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 | €1,238,620 | €1,143,482 | -€95,138 | -7.7% |
| Fixed assets | 21/28 | €880,565 | €731,527 | -€149,038 | -16.9% |
| Intangible fixed assets | 21 | €751,939 | €644,561 | -€107,378 | -14.3% |
| Tangible fixed assets | 22/27 | €107,453 | €65,792 | -€41,661 | -38.8% |
| Land and buildings | 22 | €24,288 | €13,418 | -€10,870 | -44.8% |
| Furniture and vehicles | 24 | €35,725 | €14,201 | -€21,525 | -60.3% |
| Other tangible fixed assets | 26 | €47,439 | €38,173 | -€9,266 | -19.5% |
| Financial fixed assets | 28 | €21,174 | €21,174 | = | 0.0% |
| Current assets | 29/58 | €358,054 | €411,955 | +€53,900 | +15.1% |
| Amounts receivable within one year | 40/41 | €232,059 | €269,474 | +€37,415 | +16.1% |
| Trade receivables | 40 | €89,495 | €137,239 | +€47,743 | +53.3% |
| Other amounts receivable | 41 | €142,564 | €132,236 | -€10,328 | -7.2% |
| Current investments | 50/53 | €45,001 | €45,001 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €77,189 | €85,174 | +€7,985 | +10.3% |
| Deferred charges and accrued income | 490/1 | €3,806 | €12,306 | +€8,500 | +223.3% |
| Total equity and liabilities | 10/49 | €1,238,620 | €1,143,482 | -€95,138 | -7.7% |
| Equity | 10/15 | €214,764 | €384,952 | +€170,188 | +79.2% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,764 | €198,952 | +€170,188 | +591.7% |
| Amounts payable | 17/49 | €1,023,856 | €758,529 | -€265,327 | -25.9% |
| Amounts payable after more than one year | 17 | €385,117 | €218,490 | -€166,627 | -43.3% |
| Financial debts | 170/4 | €385,117 | €218,490 | -€166,627 | -43.3% |
| Amounts payable within one year | 42/48 | €638,739 | €538,719 | -€100,020 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €204,025 | €159,998 | -€44,026 | -21.6% |
| Financial debts | 43 | €143,605 | €97,974 | -€45,631 | -31.8% |
| Credit institutions | 430/8 | €143,605 | €97,974 | -€45,631 | -31.8% |
| Trade debts | 44 | €20,628 | €26,254 | +€5,626 | +27.3% |
| Suppliers | 440/4 | €20,628 | €26,254 | +€5,626 | +27.3% |
| Taxes, remuneration and social security | 45 | €123,436 | €158,378 | +€34,942 | +28.3% |
| Taxes | 450/3 | €24,379 | €86,973 | +€62,594 | +256.8% |
| Remuneration and social security | 454/9 | €99,057 | €71,405 | -€27,652 | -27.9% |
| Other amounts payable | 47/48 | €147,045 | €96,114 | -€50,931 | -34.6% |
| Accrued charges and deferred income | 492/3 | - | €1,320 | +€1,320 | |
| Non-recurring operating income | 76A | €8,865 | €12,850 | +€3,985 | +45.0% |
| Remuneration, social security and pensions | 62 | €754,553 | €658,722 | -€95,831 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €327,577 | €142,958 | -€184,619 | -56.4% |
| Other operating charges | 640/8 | €5,594 | €3,214 | -€2,380 | -42.5% |
| Non-recurring operating charges | 66A | - | €998 | +€998 | |
| Gross operating margin | 9900 | €1,143,533 | €1,088,248 | -€55,285 | -4.8% |
| Operating profit (loss) | 9901 | €55,809 | €282,356 | +€226,546 | +405.9% |
| Financial income | 75/76B | €830 | €4,766 | +€3,936 | +474.1% |
| Recurring financial income | 75 | €830 | €4,766 | +€3,936 | +474.1% |
| Financial charges | 65/66B | €13,921 | €9,628 | -€4,292 | -30.8% |
| Recurring financial charges | 65 | €13,921 | €9,628 | -€4,292 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €42,719 | €277,494 | +€234,775 | +549.6% |
| Income taxes | 67/77 | €44,234 | €107,306 | +€63,072 | +142.6% |
| Profit (loss) for the period | 9904 | -€1,515 | €170,188 | +€171,703 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,515 | €170,188 | +€171,703 |
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 12 October 2026 via checked.be.