PATRIS: 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
PATRIS
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.5m
2024 · -€73,941+€3.5m
Equity
€6.9m
2024 · €3.9m+€3.0m
Cash
€23,390
2024 · €15,080+€8,310
Balance sheet total
€8.3m
2024 · €5.1m+€3.2m
Largest movements
Assets
- Current investments +€5.0m
new in 2025: €5.0m
- Tangible fixed assets -€1.8m
down €1.8m (-41.3%), from €4.5m to €2.6m
of which Land and buildings: -€1.8m
Equity and liabilities
- Reserves +€3.2m
up €3.2m (+356.6%), from €889,079 to €4.1m
of which Tax-exempt reserves: +€3.4m
- Provisions +€1.1m
up €1.1m (+815.2%), from €140,818 to €1.3m
- Other debts -€457,043
down €457,043 (-98.9%), from €462,000 to €4,957
- Trade debts -€285,653
down €285,653 (-94.6%), from €301,921 to €16,268
- Profit (loss) carried forward -€207,865
down €207,865 (-99.6%), from €208,670 to €806
Income statement
- Gross operating margin +€4.6m
up €4.6m (+8480.7%), from €54,740 to €4.7m
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
-€73,941
Gross operating margin
+€4.6m
Depreciation
+€12,378
Other operating charges
+€28,583
Financial income
+€27,497
Financial charges
+€1,493
Taxes
-€9,793
Deferred taxes and other
-€1.2m
Result 2025
€3.5m
Cash bridge derived
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
+€3.9m
Investment
-€3.2m
Financing
-€641,231
Cash 2024
€15,080
From operations (derived)
+€3.9m
Net result for the year
+€3.5m
Depreciation
+€63,076
Receivables within one year
-€60,044
Deferred charges and accrued income
+€4,695
Provisions
+€1.1m
Trade debts
-€285,653
Tax, wage and social debts
-€19,445
Other debts
-€457,043
Investment (derived)
-€3.2m
Investment in fixed assets (net)
+€1.8m
Current investments
-€5.0m
Financing
-€641,231
Debts after one year
-€76,493
Current portion of long-term debt
-€51,738
Contributions, distributions and other
-€513,000
Cash 2025
€23,390
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,083,824 | €8,304,001 | +€3.2m | +63.3% |
| Fixed assets | 21/28 | €4,460,314 | €2,616,833 | -€1.8m | -41.3% |
| Tangible fixed assets | 22/27 | €4,460,314 | €2,616,833 | -€1.8m | -41.3% |
| Land and buildings | 22 | €4,164,990 | €2,352,117 | -€1.8m | -43.5% |
| Plant, machinery and equipment | 23 | €295,324 | €264,716 | -€30,608 | -10.4% |
| Current assets | 29/58 | €623,509 | €5,687,168 | +€5.1m | +812.1% |
| Amounts receivable within one year | 40/41 | €596,945 | €656,989 | +€60,044 | +10.1% |
| Trade receivables | 40 | €9,548 | €11,050 | +€1,502 | +15.7% |
| Other amounts receivable | 41 | €587,396 | €645,939 | +€58,543 | +10.0% |
| Current investments | 50/53 | - | €5,000,000 | +€5.0m | |
| Cash at bank and in hand | 54/58 | €15,080 | €23,390 | +€8,310 | +55.1% |
| Deferred charges and accrued income | 490/1 | €11,485 | €6,790 | -€4,695 | -40.9% |
| Total equity and liabilities | 10/49 | €5,083,824 | €8,304,001 | +€3.2m | +63.3% |
| Equity | 10/15 | €3,947,749 | €6,910,316 | +€3.0m | +75.0% |
| Contributions | 10/11 | €2,850,000 | €2,850,000 | = | 0.0% |
| Capital | 10 | €2,850,000 | €2,850,000 | = | 0.0% |
| Issued capital | 100 | €2,850,000 | €2,850,000 | = | 0.0% |
| Reserves | 13 | €889,079 | €4,059,511 | +€3.2m | +356.6% |
| Non-distributable reserves | 130/1 | €44,008 | €45,589 | +€1,581 | +3.6% |
| Legal reserve | 130 | €44,008 | €45,589 | +€1,581 | +3.6% |
| Tax-exempt reserves | 132 | €569,975 | €4,013,922 | +€3.4m | +604.2% |
| Distributable reserves | 133 | €275,096 | - | -€275,096 | |
| Profit (loss) carried forward | 14 | €208,670 | €806 | -€207,865 | -99.6% |
| Provisions and deferred taxes | 16 | €140,818 | €1,288,800 | +€1.1m | +815.2% |
| Deferred taxes | 168 | €140,818 | €1,288,800 | +€1.1m | +815.2% |
| Amounts payable | 17/49 | €995,257 | €104,885 | -€890,372 | -89.5% |
| Amounts payable after more than one year | 17 | €76,493 | - | -€76,493 | |
| Financial debts | 170/4 | €76,493 | - | -€76,493 | |
| Amounts payable within one year | 42/48 | €918,764 | €104,885 | -€813,879 | -88.6% |
| Current portion of amounts payable after more than one year | 42 | €128,230 | €76,492 | -€51,738 | -40.3% |
| Trade debts | 44 | €301,921 | €16,268 | -€285,653 | -94.6% |
| Suppliers | 440/4 | €301,921 | €16,268 | -€285,653 | -94.6% |
| Taxes, remuneration and social security | 45 | €26,613 | €7,168 | -€19,445 | -73.1% |
| Taxes | 450/3 | €26,613 | €7,168 | -€19,445 | -73.1% |
| Other amounts payable | 47/48 | €462,000 | €4,957 | -€457,043 | -98.9% |
| Non-recurring operating income | 76A | - | €4,654,983 | +€4.7m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,455 | €63,076 | -€12,378 | -16.4% |
| Other operating charges | 640/8 | €59,456 | €30,873 | -€28,583 | -48.1% |
| Gross operating margin | 9900 | €54,740 | €4,697,077 | +€4.6m | +8480.7% |
| Operating profit (loss) | 9901 | -€80,171 | €4,603,128 | +€4.7m | |
| Financial income | 75/76B | €9,128 | €36,625 | +€27,497 | +301.2% |
| Recurring financial income | 75 | €9,128 | €36,625 | +€27,497 | +301.2% |
| Financial charges | 65/66B | €7,902 | €6,410 | -€1,493 | -18.9% |
| Recurring financial charges | 65 | €7,902 | €6,410 | -€1,493 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€78,945 | €4,633,343 | +€4.7m | |
| Transfer from deferred taxes | 780 | €5,004 | €15,764 | +€10,759 | +215.0% |
| Transfer to deferred taxes | 680 | - | €1,163,746 | +€1.2m | |
| Income taxes | 67/77 | - | €9,793 | +€9,793 | |
| Profit (loss) for the period | 9904 | -€73,941 | €3,475,567 | +€3.5m | |
| Transfer from tax-exempt reserves | 789 | €15,013 | €47,291 | +€32,277 | +215.0% |
| Transfer to tax-exempt reserves | 689 | - | €3,491,238 | +€3.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,927 | €31,620 | +€90,548 |
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 9 October 2026 via checked.be.