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.
PATRISO
Largest movements
- Tangible fixed assets +€171,554
up €171,554 (+69.8%), from €245,745 to €417,299
of which Other tangible fixed assets: +€166,282
- Cash -€154,488
down €154,488 (-26.9%), from €574,138 to €419,650
mainly Investment in fixed assets (net) (-€210,255) and Trade debts (-€45,090)
- Receivables within one year +€36,300
new in 2025: €36,300
- Reserves +€137,151
up €137,151 (+22.7%), from €605,506 to €742,657
of which Distributable reserves: +€143,250
- Trade debts -€45,090
down €45,090 (-97.7%), from €46,158 to €1,068
- Tax, wage and social debts -€37,945
down €37,945 (-62.6%), from €60,621 to €22,676
- Gross operating margin -€51,320
down €51,320 (-18.3%), from €280,545 to €229,226
- Depreciation +€30,628
up €30,628 (+379%), from €8,073 to €38,701
- Taxes -€4,388
down €4,388 (-7.6%), from €57,953 to €53,565
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €820,458 | €875,050 | +€54,593 | +6.7% |
| Fixed assets | 21/28 | €245,745 | €417,299 | +€171,554 | +69.8% |
| Tangible fixed assets | 22/27 | €245,745 | €417,299 | +€171,554 | +69.8% |
| Plant, machinery and equipment | 23 | €33,236 | €33,021 | -€215 | -0.6% |
| Furniture and vehicles | 24 | €11,577 | €17,064 | +€5,487 | +47.4% |
| Other tangible fixed assets | 26 | €200,931 | €367,214 | +€166,282 | +82.8% |
| Current assets | 29/58 | €574,713 | €457,751 | -€116,962 | -20.4% |
| Amounts receivable within one year | 40/41 | - | €36,300 | +€36,300 | |
| Trade receivables | 40 | - | €36,300 | +€36,300 | |
| Cash at bank and in hand | 54/58 | €574,138 | €419,650 | -€154,488 | -26.9% |
| Deferred charges and accrued income | 490/1 | €575 | €1,801 | +€1,227 | +214% |
| Total equity and liabilities | 10/49 | €820,458 | €875,050 | +€54,593 | +6.7% |
| Equity | 10/15 | €617,906 | €755,057 | +€137,151 | +22.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €605,506 | €742,657 | +€137,151 | +22.7% |
| Tax-exempt reserves | 132 | €54,895 | €48,796 | -€6,099 | -11.1% |
| Distributable reserves | 133 | €550,611 | €693,862 | +€143,250 | +26.0% |
| Provisions and deferred taxes | 16 | €18,298 | €16,265 | -€2,033 | -11.1% |
| Deferred taxes | 168 | €18,298 | €16,265 | -€2,033 | -11.1% |
| Amounts payable | 17/49 | €184,253 | €103,728 | -€80,525 | -43.7% |
| Amounts payable within one year | 42/48 | €184,253 | €103,728 | -€80,525 | -43.7% |
| Trade debts | 44 | €46,158 | €1,068 | -€45,090 | -97.7% |
| Suppliers | 440/4 | €46,158 | €1,068 | -€45,090 | -97.7% |
| Taxes, remuneration and social security | 45 | €60,621 | €22,676 | -€37,945 | -62.6% |
| Taxes | 450/3 | €60,621 | €22,676 | -€37,945 | -62.6% |
| Other amounts payable | 47/48 | €77,474 | €79,983 | +€2,509 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,073 | €38,701 | +€30,628 | +379% |
| Other operating charges | 640/8 | €1,313 | €1,711 | +€399 | +30.4% |
| Gross operating margin | 9900 | €280,545 | €229,226 | -€51,320 | -18.3% |
| Operating profit (loss) | 9901 | €271,160 | €188,814 | -€82,346 | -30.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,308 | €131 | -€2,177 | -94.3% |
| Recurring financial charges | 65 | €2,308 | €131 | -€2,177 | -94.3% |
| Profit (loss) for the period before taxes | 9903 | €268,852 | €188,683 | -€80,169 | -29.8% |
| Transfer from deferred taxes | 780 | €2,033 | €2,033 | = | 0.0% |
| Transfer to deferred taxes | 680 | €20,332 | €0 | -€20,332 | -100% |
| Income taxes | 67/77 | €57,953 | €53,565 | -€4,388 | -7.6% |
| Profit (loss) for the period | 9904 | €192,600 | €137,151 | -€55,449 | -28.8% |
| Transfer from tax-exempt reserves | 789 | €6,099 | €6,099 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €60,995 | €0 | -€60,995 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €137,705 | €143,250 | +€5,545 | +4.0% |
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 26 October 2026 via checked.be.