PATRIMONING IMMO: 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 IMMO
Largest movements
- Cash +€18,354
up €18,354 (+49.4%), from €37,127 to €55,481
mainly Net result for the year (+€40,922) and Depreciation (+€24,611)
- Tangible fixed assets -€11,663
down €11,663 (-1.8%), from €651,209 to €639,546
of which Land and buildings: -€13,929
- Receivables within one year -€9,665
down €9,665 (-90.8%), from €10,650 to €985
- Profit (loss) carried forward +€40,922
up €40,922 (+226%), from €18,144 to €59,066
- Debts after one year -€38,879
down €38,879 (-8.0%), from €487,439 to €448,559
of which Financial debts: -€38,879
- Other debts -€17,559
down €17,559 (-12.8%), from €137,299 to €119,740
- Tax, wage and social debts +€12,272
new in 2025: €12,272
- Depreciation -€57,691
down €57,691 (-70.1%), from €82,302 to €24,611
- Taxes +€9,358
new in 2025: €9,358
- Other operating charges -€2,831
down €2,831 (-51.9%), from €5,456 to €2,625
- Gross operating margin +€2,506
up €2,506 (+2.5%), from €99,767 to €102,273
- Financial charges -€1,201
down €1,201 (-8.1%), from €14,793 to €13,592
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 | €698,986 | €696,477 | -€2,508 | -0.4% |
| Fixed assets | 21/28 | €651,209 | €639,546 | -€11,663 | -1.8% |
| Tangible fixed assets | 22/27 | €651,209 | €639,546 | -€11,663 | -1.8% |
| Land and buildings | 22 | €486,270 | €472,341 | -€13,929 | -2.9% |
| Furniture and vehicles | 24 | €1,574 | €384 | -€1,190 | -75.6% |
| Other tangible fixed assets | 26 | €163,365 | €166,821 | +€3,456 | +2.1% |
| Current assets | 29/58 | €47,777 | €56,932 | +€9,155 | +19.2% |
| Amounts receivable within one year | 40/41 | €10,650 | €985 | -€9,665 | -90.8% |
| Trade receivables | 40 | €10,650 | €985 | -€9,665 | -90.8% |
| Cash at bank and in hand | 54/58 | €37,127 | €55,481 | +€18,354 | +49.4% |
| Deferred charges and accrued income | 490/1 | - | €466 | +€466 | |
| Total equity and liabilities | 10/49 | €698,986 | €696,477 | -€2,508 | -0.4% |
| Equity | 10/15 | €24,344 | €65,266 | +€40,922 | +168% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,144 | €59,066 | +€40,922 | +226% |
| Amounts payable | 17/49 | €674,642 | €631,212 | -€43,430 | -6.4% |
| Amounts payable after more than one year | 17 | €487,439 | €448,559 | -€38,879 | -8.0% |
| Financial debts | 170/4 | €470,939 | €432,059 | -€38,879 | -8.3% |
| Other amounts payable | 178/9 | €16,500 | €16,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €187,203 | €182,652 | -€4,551 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €38,630 | €38,879 | +€250 | +0.6% |
| Financial debts | 43 | €150 | - | -€150 | |
| Credit institutions | 430/8 | €150 | - | -€150 | |
| Trade debts | 44 | €11,124 | €6,397 | -€4,727 | -42.5% |
| Suppliers | 440/4 | €11,124 | €6,397 | -€4,727 | -42.5% |
| Advances received on contracts in progress | 46 | - | €5,364 | +€5,364 | |
| Taxes, remuneration and social security | 45 | - | €12,272 | +€12,272 | |
| Taxes | 450/3 | - | €12,272 | +€12,272 | |
| Other amounts payable | 47/48 | €137,299 | €119,740 | -€17,559 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,302 | €24,611 | -€57,691 | -70.1% |
| Other operating charges | 640/8 | €5,456 | €2,625 | -€2,831 | -51.9% |
| Non-recurring operating charges | 66A | €357 | €11,165 | +€10,808 | +3,023% |
| Gross operating margin | 9900 | €99,767 | €102,273 | +€2,506 | +2.5% |
| Operating profit (loss) | 9901 | €11,651 | €63,871 | +€52,220 | +448% |
| Financial charges | 65/66B | €14,793 | €13,592 | -€1,201 | -8.1% |
| Recurring financial charges | 65 | €14,793 | €13,592 | -€1,201 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,142 | €50,280 | +€53,421 | |
| Income taxes | 67/77 | - | €9,358 | +€9,358 | |
| Profit (loss) for the period | 9904 | -€3,142 | €40,922 | +€44,064 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,142 | €40,922 | +€44,064 |
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.