PATRINOMA: 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
PATRINOMA
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€67,488
2024 · €52,085+€15,403
Equity
€1.3m
2024 · €1.3m-€57,293
Cash
€153,261
2024 · €134,197+€19,064
Balance sheet total
€1.4m
2024 · €1.4m+€60,142
Largest movements
Assets
- Current investments +€40,843
up €40,843 (+6.7%), from €611,875 to €652,718
- Cash +€19,064
up €19,064 (+14.2%), from €134,197 to €153,261
mainly Other debts (+€118,007) and Net result for the year (+€67,488)
Equity and liabilities
- Other debts +€118,007
up €118,007 (+6,233%), from €1,893 to €119,900
- Reserves -€57,293
down €57,293 (-5.4%), from €1.1m to €1.0m
of which Distributable reserves: -€72,028
Income statement
- Gross operating margin +€22,563
up €22,563 (+27.8%), from €81,052 to €103,614
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.
Result 2024
€52,085
Gross operating margin
+€22,563
Depreciation
-€532
Other operating charges
-€174
Financial income
-€336
Financial charges
+€21
Taxes
-€375
Deferred taxes and other
-€5,763
Result 2025
€67,488
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€200,326
Investment
-€56,481
Financing
-€124,781
Cash 2024
€134,197
From operations (derived)
+€200,326
Net result for the year
+€67,488
Depreciation
+€15,496
Smaller working-capital items
-€175
Provisions
+€4,912
Trade debts
-€5,901
Tax, wage and social debts
+€500
Other debts
+€118,007
Investment (derived)
-€56,481
Investment in fixed assets (net)
-€15,638
Current investments
-€40,843
Financing
-€124,781
Contributions, distributions and other
-€124,781
Cash 2025
€153,261
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,354,336 | €1,414,479 | +€60,142 | +4.4% |
| Fixed assets | 21/28 | €603,906 | €604,048 | +€142 | 0.0% |
| Tangible fixed assets | 22/27 | €603,906 | €604,048 | +€142 | 0.0% |
| Land and buildings | 22 | €603,906 | €604,048 | +€142 | 0.0% |
| Current assets | 29/58 | €750,430 | €810,431 | +€60,001 | +8.0% |
| Current investments | 50/53 | €611,875 | €652,718 | +€40,843 | +6.7% |
| Cash at bank and in hand | 54/58 | €134,197 | €153,261 | +€19,064 | +14.2% |
| Deferred charges and accrued income | 490/1 | €4,358 | €4,452 | +€93 | +2.1% |
| Total equity and liabilities | 10/49 | €1,354,336 | €1,414,479 | +€60,142 | +4.4% |
| Equity | 10/15 | €1,318,771 | €1,261,478 | -€57,293 | -4.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,068,771 | €1,011,478 | -€57,293 | -5.4% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €66,933 | €81,668 | +€14,735 | +22.0% |
| Distributable reserves | 133 | €976,839 | €904,811 | -€72,028 | -7.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €22,311 | €27,223 | +€4,912 | +22.0% |
| Deferred taxes | 168 | €22,311 | €27,223 | +€4,912 | +22.0% |
| Amounts payable | 17/49 | €13,254 | €125,778 | +€112,524 | +849% |
| Amounts payable within one year | 42/48 | €12,348 | €124,953 | +€112,605 | +912% |
| Trade debts | 44 | €5,954 | €53 | -€5,901 | -99.1% |
| Suppliers | 440/4 | €5,954 | €53 | -€5,901 | -99.1% |
| Taxes, remuneration and social security | 45 | €4,500 | €5,000 | +€500 | +11.1% |
| Taxes | 450/3 | €4,500 | €5,000 | +€500 | +11.1% |
| Other amounts payable | 47/48 | €1,893 | €119,900 | +€118,007 | +6,233% |
| Accrued charges and deferred income | 492/3 | €906 | €825 | -€81 | -9.0% |
| Non-recurring operating income | 76A | - | €25,013 | +€25,013 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,965 | €15,496 | +€532 | +3.6% |
| Other operating charges | 640/8 | €7,238 | €7,412 | +€174 | +2.4% |
| Gross operating margin | 9900 | €81,052 | €103,614 | +€22,563 | +27.8% |
| Operating profit (loss) | 9901 | €58,849 | €80,706 | +€21,857 | +37.1% |
| Financial income | 75/76B | €17,499 | €17,163 | -€336 | -1.9% |
| Recurring financial income | 75 | €17,499 | €17,163 | -€336 | -1.9% |
| Financial charges | 65/66B | €443 | €422 | -€21 | -4.7% |
| Recurring financial charges | 65 | €443 | €422 | -€21 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €75,905 | €97,446 | +€21,541 | +28.4% |
| Transfer from deferred taxes | 780 | €851 | €1,342 | +€490 | +57.6% |
| Transfer to deferred taxes | 680 | - | €6,253 | +€6,253 | |
| Income taxes | 67/77 | €24,671 | €25,047 | +€375 | +1.5% |
| Profit (loss) for the period | 9904 | €52,085 | €67,488 | +€15,403 | +29.6% |
| Transfer from tax-exempt reserves | 789 | €2,554 | €4,025 | +€1,471 | +57.6% |
| Transfer to tax-exempt reserves | 689 | - | €18,760 | +€18,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,639 | €52,753 | -€1,886 | -3.5% |
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 18 October 2026 via checked.be.