PATRINVEST: 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.
PATRINVEST
Largest movements
- Tangible fixed assets -€55,229
down €55,229 (-6.8%), from €814,202 to €758,973
of which Land and buildings: -€38,747
- Cash +€16,505
up €16,505 (+20.4%), from €80,986 to €97,491
mainly Depreciation (+€61,837) and Current investments (+€5,177)
- Reserves -€13,307
down €13,307 (-2.4%), from €559,517 to €546,210
of which Tax-exempt reserves: -€13,307
- Gross operating margin -€42,125
down €42,125 (-45.8%), from €92,047 to €49,922
- Financial income +€9,129
up €9,129 (+625%), from €1,460 to €10,588
- Taxes -€6,013
down €6,013, from €4,831 to -€1,182
- Other operating charges +€2,078
up €2,078 (+24.1%), from €8,640 to €10,718
- Financial charges +€2,028
up €2,028 (+138%), from €1,468 to €3,496
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.
Derived cash bridge
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 | €1,228,669 | €1,196,357 | -€32,312 | -2.6% |
| Fixed assets | 21/28 | €814,424 | €759,195 | -€55,229 | -6.8% |
| Tangible fixed assets | 22/27 | €814,202 | €758,973 | -€55,229 | -6.8% |
| Land and buildings | 22 | €780,261 | €741,514 | -€38,747 | -5.0% |
| Plant, machinery and equipment | 23 | €6,028 | €5,219 | -€809 | -13.4% |
| Furniture and vehicles | 24 | €4,623 | €331 | -€4,292 | -92.8% |
| Leasing and similar rights | 25 | €23,290 | €11,910 | -€11,380 | -48.9% |
| Financial fixed assets | 28 | €222 | €222 | = | 0.0% |
| Current assets | 29/58 | €414,245 | €437,162 | +€22,917 | +5.5% |
| Amounts receivable within one year | 40/41 | €25,411 | €36,934 | +€11,523 | +45.3% |
| Trade receivables | 40 | €6,474 | €8,240 | +€1,767 | +27.3% |
| Other amounts receivable | 41 | €18,937 | €28,694 | +€9,756 | +51.5% |
| Current investments | 50/53 | €305,177 | €300,000 | -€5,177 | -1.7% |
| Cash at bank and in hand | 54/58 | €80,986 | €97,491 | +€16,505 | +20.4% |
| Deferred charges and accrued income | 490/1 | €2,670 | €2,737 | +€67 | +2.5% |
| Total equity and liabilities | 10/49 | €1,228,669 | €1,196,357 | -€32,312 | -2.6% |
| Equity | 10/15 | €1,188,164 | €1,173,807 | -€14,358 | -1.2% |
| Contributions | 10/11 | €359,987 | €359,987 | = | 0.0% |
| Reserves | 13 | €559,517 | €546,210 | -€13,307 | -2.4% |
| Non-distributable reserves | 130/1 | €7,038 | €7,038 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,038 | €7,038 | = | 0.0% |
| Tax-exempt reserves | 132 | €273,224 | €259,917 | -€13,307 | -4.9% |
| Distributable reserves | 133 | €279,255 | €279,255 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,661 | €267,610 | -€1,051 | -0.4% |
| Amounts payable | 17/49 | €40,504 | €22,551 | -€17,954 | -44.3% |
| Amounts payable after more than one year | 17 | €11,835 | €0 | -€11,835 | -100% |
| Financial debts | 170/4 | €11,835 | €0 | -€11,835 | -100% |
| Amounts payable within one year | 42/48 | €28,372 | €22,254 | -€6,118 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €12,779 | €11,835 | -€944 | -7.4% |
| Trade debts | 44 | €820 | €517 | -€303 | -37.0% |
| Suppliers | 440/4 | €820 | €517 | -€303 | -37.0% |
| Taxes, remuneration and social security | 45 | €14,773 | €9,902 | -€4,871 | -33.0% |
| Taxes | 450/3 | €13,053 | €9,902 | -€3,151 | -24.1% |
| Remuneration and social security | 454/9 | €1,720 | €0 | -€1,720 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €296 | €296 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,309 | €61,837 | +€528 | +0.9% |
| Other operating charges | 640/8 | €8,640 | €10,718 | +€2,078 | +24.1% |
| Gross operating margin | 9900 | €92,047 | €49,922 | -€42,125 | -45.8% |
| Operating profit (loss) | 9901 | €22,098 | -€22,633 | -€44,731 | |
| Financial income | 75/76B | €1,460 | €10,588 | +€9,129 | +625% |
| Recurring financial income | 75 | €1,460 | €10,588 | +€9,129 | +625% |
| Financial charges | 65/66B | €1,468 | €3,496 | +€2,028 | +138% |
| Recurring financial charges | 65 | €1,468 | €3,496 | +€2,028 | +138% |
| Profit (loss) for the period before taxes | 9903 | €22,090 | -€15,540 | -€37,630 | |
| Income taxes | 67/77 | €4,831 | -€1,182 | -€6,013 | |
| Profit (loss) for the period | 9904 | €17,259 | -€14,358 | -€31,617 | |
| Transfer from tax-exempt reserves | 789 | €13,307 | €13,307 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,566 | -€1,051 | -€31,617 |
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 16 October 2026 via checked.be.