PATRIMOSA: 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.
What changed
PATRIMOSA
financial year 2023 compared with 2022filed annual accounts (NBB)
Net result for the year
€46,675
2022 · -€29,044+€75,720
Equity
€1.5m
2022 · €1.4m+€46,675
Cash
€94,005
2022 · €17,350+€76,655
Balance sheet total
€7.1m
2022 · €7.2m-€134,736
Largest movements
Assets
- Tangible fixed assets -€211,698
down €211,698 (-3.0%), from €7.2m to €6.9m
of which Land and buildings: -€195,288
- Cash +€76,655
up €76,655 (+442%), from €17,350 to €94,005
mainly Depreciation (+€274,432) and Other debts (+€83,727)
Equity and liabilities
- Debts after one year -€295,061
down €295,061 (-6.3%), from €4.7m to €4.4m
of which Financial debts: -€291,551
- Other debts +€83,727
up €83,727 (+25.0%), from €335,349 to €419,076
Income statement
- Gross operating margin +€73,745
up €73,745 (+17.7%), from €417,585 to €491,330
- Depreciation -€60,081
down €60,081 (-18.0%), from €334,513 to €274,432
- Taxes +€32,971
up €32,971 (+2,382%), from €1,384 to €34,355
- Other operating charges +€24,669
up €24,669 (+49.2%), from €50,096 to €74,765
From the 2022 result to the 2023 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.
Result 2022
-€29,044
Gross operating margin
+€73,745
Depreciation
+€60,081
Other operating charges
-€24,669
Financial income
-€2,052
Financial charges
-€1,197
Taxes
-€32,971
Deferred taxes and other
+€2,782
Result 2023
€46,675
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€445,192
Investment
-€62,734
Financing
-€305,803
Cash 2022
€17,350
From operations (derived)
+€445,192
Net result for the year
+€46,675
Depreciation
+€274,432
Smaller working-capital items
-€308
Provisions
-€10,871
Trade debts
+€14,260
Tax, wage and social debts
+€32,971
Other debts
+€83,727
Accrued charges and deferred income
+€4,306
Investment (derived)
-€62,734
Investment in fixed assets (net)
-€62,734
Financing
-€305,803
Debts after one year
-€295,061
Current portion of long-term debt
-€10,742
Cash 2023
€94,005
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,184,755 | €7,050,019 | -€134,736 | -1.9% |
| Fixed assets | 21/28 | €7,156,036 | €6,944,338 | -€211,698 | -3.0% |
| Tangible fixed assets | 22/27 | €7,156,036 | €6,944,338 | -€211,698 | -3.0% |
| Land and buildings | 22 | €7,128,012 | €6,932,723 | -€195,288 | -2.7% |
| Plant, machinery and equipment | 23 | €255 | - | -€255 | |
| Furniture and vehicles | 24 | €27,769 | €11,614 | -€16,155 | -58.2% |
| Current assets | 29/58 | €28,719 | €105,682 | +€76,962 | +268% |
| Amounts receivable within one year | 40/41 | - | €553 | +€553 | |
| Trade receivables | 40 | - | €553 | +€553 | |
| Cash at bank and in hand | 54/58 | €17,350 | €94,005 | +€76,655 | +442% |
| Deferred charges and accrued income | 490/1 | €11,369 | €11,124 | -€245 | -2.2% |
| Total equity and liabilities | 10/49 | €7,184,755 | €7,050,019 | -€134,736 | -1.9% |
| Equity | 10/15 | €1,410,033 | €1,456,708 | +€46,675 | +3.3% |
| Contributions | 10/11 | €624,357 | €624,357 | = | 0.0% |
| Capital | 10 | €624,357 | €624,357 | = | 0.0% |
| Issued capital | 100 | €624,357 | €624,357 | = | 0.0% |
| Reserves | 13 | €709,504 | €702,510 | -€6,994 | -1.0% |
| Non-distributable reserves | 130/1 | €44,947 | €62,436 | +€17,489 | +38.9% |
| Legal reserve | 130 | €44,947 | €62,436 | +€17,489 | +38.9% |
| Tax-exempt reserves | 132 | €658,651 | €634,167 | -€24,483 | -3.7% |
| Distributable reserves | 133 | €5,907 | €5,907 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,172 | €129,841 | +€53,670 | +70.5% |
| Provisions and deferred taxes | 16 | €290,521 | €279,650 | -€10,871 | -3.7% |
| Deferred taxes | 168 | €290,521 | €279,650 | -€10,871 | -3.7% |
| Amounts payable | 17/49 | €5,484,202 | €5,313,662 | -€170,540 | -3.1% |
| Amounts payable after more than one year | 17 | €4,660,754 | €4,365,693 | -€295,061 | -6.3% |
| Financial debts | 170/4 | €4,641,628 | €4,350,077 | -€291,551 | -6.3% |
| Other amounts payable | 178/9 | €19,126 | €15,616 | -€3,510 | -18.4% |
| Amounts payable within one year | 42/48 | €702,885 | €823,100 | +€120,215 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €300,914 | €290,173 | -€10,742 | -3.6% |
| Trade debts | 44 | €57,493 | €71,752 | +€14,260 | +24.8% |
| Suppliers | 440/4 | €57,493 | €71,752 | +€14,260 | +24.8% |
| Taxes, remuneration and social security | 45 | €9,129 | €42,099 | +€32,971 | +361% |
| Taxes | 450/3 | €9,129 | €42,099 | +€32,971 | +361% |
| Other amounts payable | 47/48 | €335,349 | €419,076 | +€83,727 | +25.0% |
| Accrued charges and deferred income | 492/3 | €120,563 | €124,869 | +€4,306 | +3.6% |
| Non-recurring operating income | 76A | - | €81,000 | +€81,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334,513 | €274,432 | -€60,081 | -18.0% |
| Other operating charges | 640/8 | €50,096 | €74,765 | +€24,669 | +49.2% |
| Gross operating margin | 9900 | €417,585 | €491,330 | +€73,745 | +17.7% |
| Operating profit (loss) | 9901 | €32,976 | €142,133 | +€109,157 | +331% |
| Financial income | 75/76B | €2,052 | €0 | -€2,052 | -100.0% |
| Recurring financial income | 75 | €2,052 | €0 | -€2,052 | -100.0% |
| Financial charges | 65/66B | €70,777 | €71,974 | +€1,197 | +1.7% |
| Recurring financial charges | 65 | €70,777 | €71,974 | +€1,197 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€35,749 | €70,159 | +€105,908 | |
| Transfer from deferred taxes | 780 | €8,089 | €10,871 | +€2,782 | +34.4% |
| Income taxes | 67/77 | €1,384 | €34,355 | +€32,971 | +2,382% |
| Profit (loss) for the period | 9904 | -€29,044 | €46,675 | +€75,720 | |
| Transfer from tax-exempt reserves | 789 | €17,860 | €24,483 | +€6,624 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,184 | €71,159 | +€82,343 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.