PATRINOX: 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.
PATRINOX
Largest movements
- Receivables within one year +€226,923
up €226,923 (+65.7%), from €345,572 to €572,495
of which Other amounts receivable: +€240,475
- Tangible fixed assets -€162,409
down €162,409 (-7.6%), from €2.1m to €2.0m
of which Land and buildings: -€157,844
- Financial fixed assets +€156,000
up €156,000 (+51.9%), from €300,817 to €456,817
- Other debts +€285,940
up €285,940 (+41.8%), from €684,559 to €970,499
- Debts after one year -€79,077
down €79,077 (-10.9%), from €722,892 to €643,815
- Gross operating margin +€40,530
up €40,530 (+14.6%), from €276,815 to €317,345
- Depreciation +€6,746
up €6,746 (+3.1%), from €216,727 to €223,472
- Financial charges +€3,568
up €3,568 (+15.2%), from €23,475 to €27,044
- Financial income +€3,491
up €3,491 (+21.8%), from €15,984 to €19,475
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,800,153 | €3,014,799 | +€214,646 | +7.7% |
| Fixed assets | 21/28 | €2,438,793 | €2,432,384 | -€6,409 | -0.3% |
| Tangible fixed assets | 22/27 | €2,137,976 | €1,975,566 | -€162,409 | -7.6% |
| Land and buildings | 22 | €2,122,293 | €1,964,450 | -€157,844 | -7.4% |
| Plant, machinery and equipment | 23 | €15,683 | €11,117 | -€4,566 | -29.1% |
| Financial fixed assets | 28 | €300,817 | €456,817 | +€156,000 | +51.9% |
| Current assets | 29/58 | €361,360 | €582,416 | +€221,055 | +61.2% |
| Amounts receivable within one year | 40/41 | €345,572 | €572,495 | +€226,923 | +65.7% |
| Trade receivables | 40 | €23,019 | €9,467 | -€13,552 | -58.9% |
| Other amounts receivable | 41 | €322,553 | €563,027 | +€240,475 | +74.6% |
| Cash at bank and in hand | 54/58 | €12,888 | €6,852 | -€6,036 | -46.8% |
| Deferred charges and accrued income | 490/1 | €2,901 | €3,069 | +€169 | +5.8% |
| Total equity and liabilities | 10/49 | €2,800,153 | €3,014,799 | +€214,646 | +7.7% |
| Equity | 10/15 | €1,297,522 | €1,314,524 | +€17,002 | +1.3% |
| Contributions | 10/11 | €1,285,000 | €1,285,000 | = | 0.0% |
| Reserves | 13 | €12,522 | €29,524 | +€17,002 | +135.8% |
| Distributable reserves | 133 | €12,522 | €29,524 | +€17,002 | +135.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,502,632 | €1,700,275 | +€197,644 | +13.2% |
| Amounts payable after more than one year | 17 | €722,892 | €643,815 | -€79,077 | -10.9% |
| Financial debts | 170/4 | €722,892 | €643,815 | -€79,077 | -10.9% |
| Amounts payable within one year | 42/48 | €779,740 | €1,056,460 | +€276,720 | +35.5% |
| Current portion of amounts payable after more than one year | 42 | €78,494 | €79,077 | +€582 | +0.7% |
| Trade debts | 44 | €16,687 | €5,506 | -€11,181 | -67.0% |
| Suppliers | 440/4 | €16,687 | €5,506 | -€11,181 | -67.0% |
| Taxes, remuneration and social security | 45 | - | €1,379 | +€1,379 | |
| Taxes | 450/3 | - | €1,379 | +€1,379 | |
| Other amounts payable | 47/48 | €684,559 | €970,499 | +€285,940 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,727 | €223,472 | +€6,746 | +3.1% |
| Other operating charges | 640/8 | €26,081 | €27,302 | +€1,221 | +4.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €276,815 | €317,345 | +€40,530 | +14.6% |
| Operating profit (loss) | 9901 | €34,008 | €66,571 | +€32,563 | +95.8% |
| Financial income | 75/76B | €15,984 | €19,475 | +€3,491 | +21.8% |
| Recurring financial income | 75 | €15,984 | €19,475 | +€3,491 | +21.8% |
| Financial charges | 65/66B | €23,475 | €27,044 | +€3,568 | +15.2% |
| Recurring financial charges | 65 | €23,475 | €27,044 | +€3,568 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €26,516 | €59,002 | +€32,486 | +122.5% |
| Income taxes | 67/77 | €84 | €0 | -€84 | -100.0% |
| Profit (loss) for the period | 9904 | €26,433 | €59,002 | +€32,569 | +123.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,433 | €59,002 | +€32,569 | +123.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.