PATRISO: 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
PATRISO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€993,381
2024 · €901,026+€92,355
Equity
€22.6m
2024 · €15.2m+€7.4m
Cash
€224,437
2024 · €274,966-€50,529
Balance sheet total
€63.6m
2024 · €53.0m+€10.6m
Largest movements
Assets
- Tangible fixed assets +€10.3m
up €10.3m (+49.6%), from €20.7m to €31.0m
- Receivables within one year +€926,163
up €926,163 (+1,780%), from €52,040 to €978,203
of which Other amounts receivable: +€908,350
Equity and liabilities
- Reserves +€10.3m
up €10.3m (+208%), from €4.9m to €15.2m
of which Distributable reserves: +€9.7m
- Profit (loss) carried forward -€9.3m
down €9.3m (-100%), from €9.3m to €0
- Other debts -€6.7m
down €6.7m (-97.1%), from €6.9m to €200,601
- Contributions +€6.4m
up €6.4m (+635%), from €1.0m to €7.4m
- Debts after one year +€5.0m
up €5.0m (+41.9%), from €12.0m to €17.1m
Income statement
- Gross operating margin +€196,205
up €196,205 (+5.8%), from €3.4m to €3.6m
- Depreciation +€121,114
up €121,114 (+16.7%), from €723,233 to €844,347
- Financial charges -€117,887
down €117,887 (-10.0%), from €1.2m to €1.1m
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
€901,026
Gross operating margin
+€196,205
Staff costs
-€26,499
Depreciation
-€121,114
Write-downs
-€9,037
Other operating charges
-€29,469
Financial income
+€2,753
Financial charges
+€117,887
Taxes
-€27,895
Deferred taxes and other
-€10,475
Result 2025
€993,381
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
-€5.3m
Investment
-€11.1m
Financing
+€16.4m
Cash 2024
€274,966
From operations (derived)
-€5.3m
Net result for the year
+€993,381
Depreciation
+€844,347
Stocks and contracts
+€581,803
Receivables within one year
-€926,163
Provisions
-€17,706
Trade debts
-€98,886
Tax, wage and social debts
+€66,767
Advances received
+€111,332
Other debts
-€6.7m
Accrued charges and deferred income
-€130,921
Investment (derived)
-€11.1m
Investment in fixed assets (net)
-€11.1m
Financing
+€16.4m
Debts after one year
+€5.0m
Current portion of long-term debt
+€241,208
Short-term financial debts
+€4.7m
Contributions, distributions and other
+€6.4m
Cash 2025
€224,437
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,984,996 | €63,559,936 | +€10.6m | +20.0% |
| Fixed assets | 21/28 | €21,295,099 | €31,576,207 | +€10.3m | +48.3% |
| Tangible fixed assets | 22/27 | €20,725,099 | €31,006,207 | +€10.3m | +49.6% |
| Land and buildings | 22 | €20,725,099 | €31,006,207 | +€10.3m | +49.6% |
| Financial fixed assets | 28 | €570,000 | €570,000 | = | 0.0% |
| Current assets | 29/58 | €31,689,897 | €31,983,728 | +€293,831 | +0.9% |
| Stocks and contracts in progress | 3 | €31,362,891 | €30,781,088 | -€581,803 | -1.9% |
| Stocks | 30/36 | €31,362,891 | €30,781,088 | -€581,803 | -1.9% |
| Amounts receivable within one year | 40/41 | €52,040 | €978,203 | +€926,163 | +1,780% |
| Trade receivables | 40 | €40,649 | €58,462 | +€17,813 | +43.8% |
| Other amounts receivable | 41 | €11,391 | €919,741 | +€908,350 | +7,974% |
| Cash at bank and in hand | 54/58 | €274,966 | €224,437 | -€50,529 | -18.4% |
| Total equity and liabilities | 10/49 | €52,984,996 | €63,559,936 | +€10.6m | +20.0% |
| Equity | 10/15 | €15,198,591 | €22,556,972 | +€7.4m | +48.4% |
| Contributions | 10/11 | €1,002,278 | €7,367,278 | +€6.4m | +635% |
| Capital | 10 | €1,002,278 | €7,367,278 | +€6.4m | +635% |
| Issued capital | 100 | €1,002,278 | €7,367,278 | +€6.4m | +635% |
| Reserves | 13 | €4,933,803 | €15,189,694 | +€10.3m | +208% |
| Non-distributable reserves | 130/1 | €100,228 | €736,728 | +€636,500 | +635% |
| Legal reserve | 130 | €100,228 | €736,728 | +€636,500 | +635% |
| Tax-exempt reserves | 132 | €3,996,576 | €3,943,458 | -€53,117 | -1.3% |
| Distributable reserves | 133 | €837,000 | €10,509,508 | +€9.7m | +1,156% |
| Profit (loss) carried forward | 14 | €9,262,510 | €0 | -€9.3m | -100% |
| Provisions and deferred taxes | 16 | €1,316,858 | €1,299,153 | -€17,706 | -1.3% |
| Deferred taxes | 168 | €1,316,858 | €1,299,153 | -€17,706 | -1.3% |
| Amounts payable | 17/49 | €36,469,547 | €39,703,811 | +€3.2m | +8.9% |
| Amounts payable after more than one year | 17 | €12,032,252 | €17,068,714 | +€5.0m | +41.9% |
| Financial debts | 170/4 | €12,032,252 | €17,068,714 | +€5.0m | +41.9% |
| Amounts payable within one year | 42/48 | €24,275,026 | €22,603,751 | -€1.7m | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €1,088,049 | €1,329,257 | +€241,208 | +22.2% |
| Financial debts | 43 | €15,891,215 | €20,617,365 | +€4.7m | +29.7% |
| Credit institutions | 430/8 | €15,683,650 | €20,550,000 | +€4.9m | +31.0% |
| Other loans | 439 | €207,565 | €67,365 | -€140,200 | -67.5% |
| Trade debts | 44 | €269,494 | €170,608 | -€98,886 | -36.7% |
| Suppliers | 440/4 | €269,494 | €170,608 | -€98,886 | -36.7% |
| Advances received on contracts in progress | 46 | - | €111,332 | +€111,332 | |
| Taxes, remuneration and social security | 45 | €107,820 | €174,588 | +€66,767 | +61.9% |
| Taxes | 450/3 | €102,115 | €164,822 | +€62,707 | +61.4% |
| Remuneration and social security | 454/9 | €5,706 | €9,766 | +€4,060 | +71.2% |
| Other amounts payable | 47/48 | €6,918,447 | €200,601 | -€6.7m | -97.1% |
| Accrued charges and deferred income | 492/3 | €162,268 | €31,347 | -€130,921 | -80.7% |
| Non-recurring operating income | 76A | €0 | €653,140 | +€653,140 | |
| Remuneration, social security and pensions | 62 | €14,792 | €41,291 | +€26,499 | +179% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €723,233 | €844,347 | +€121,114 | +16.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €141,800 | €150,837 | +€9,037 | +6.4% |
| Other operating charges | 640/8 | €107,655 | €137,124 | +€29,469 | +27.4% |
| Gross operating margin | 9900 | €3,373,468 | €3,569,673 | +€196,205 | +5.8% |
| Operating profit (loss) | 9901 | €2,385,988 | €2,396,073 | +€10,085 | +0.4% |
| Financial income | 75/76B | €1 | €2,754 | +€2,753 | +275,272% |
| Recurring financial income | 75 | €1 | €2,754 | +€2,753 | +275,272% |
| Financial charges | 65/66B | €1,184,534 | €1,066,648 | -€117,887 | -10.0% |
| Recurring financial charges | 65 | €1,184,534 | €1,066,648 | -€117,887 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €1,201,455 | €1,332,179 | +€130,725 | +10.9% |
| Transfer from deferred taxes | 780 | €28,180 | €91,988 | +€63,808 | +226% |
| Transfer to deferred taxes | 680 | €0 | €74,283 | +€74,283 | |
| Income taxes | 67/77 | €328,609 | €356,504 | +€27,895 | +8.5% |
| Profit (loss) for the period | 9904 | €901,026 | €993,381 | +€92,355 | +10.2% |
| Transfer from tax-exempt reserves | 789 | €84,541 | €275,965 | +€191,424 | +226% |
| Transfer to tax-exempt reserves | 689 | €0 | €222,848 | +€222,848 | |
| Profit (loss) for the period to be appropriated | 9905 | €985,567 | €1,046,498 | +€60,931 | +6.2% |
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.