PATRITIUS: 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.
PATRITIUS
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash +€55,172
up €55,172 (+43.3%), from €127,365 to €182,537
mainly Current investments (+€100,000) and Net result for the year (+€85,514)
- Receivables within one year -€46,036
down €46,036 (-66.0%), from €69,724 to €23,688
of which Trade receivables: -€40,395
- Tangible fixed assets -€23,716
down €23,716 (-14.2%), from €167,134 to €143,418
- Deferred charges and accrued income +€15,306
up €15,306 (+192%), from €7,971 to €23,276
- Trade debts -€118,967
down €118,967 (-60.5%), from €196,535 to €77,567
- Profit (loss) carried forward +€85,514
up €85,514 (+63.7%), from -€134,168 to -€48,654
- Debts after one year -€34,741
down €34,741 (-36.4%), from €95,355 to €60,613
- Tax, wage and social debts -€14,580
down €14,580 (-33.4%), from €43,637 to €29,057
of which Taxes: -€14,190
- Advances received -€8,647
down €8,647 (-66.6%), from €12,985 to €4,338
- Other operating charges -€34,754
down €34,754 (-51.4%), from €67,660 to €32,906
- Staff costs +€27,011
up €27,011 (+19.8%), from €136,744 to €163,755
- Gross operating margin -€26,812
down €26,812 (-7.1%), from €378,333 to €351,521
- Taxes +€12,246
up €12,246 (+2,862%), from €428 to €12,674
- Depreciation +€11,789
up €11,789 (+36.0%), from €32,785 to €44,574
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 | €595,263 | €495,801 | -€99,462 | -16.7% |
| Fixed assets | 21/28 | €167,634 | €143,918 | -€23,716 | -14.1% |
| Tangible fixed assets | 22/27 | €167,134 | €143,418 | -€23,716 | -14.2% |
| Plant, machinery and equipment | 23 | €97,322 | €87,979 | -€9,343 | -9.6% |
| Furniture and vehicles | 24 | €18,448 | €15,499 | -€2,949 | -16.0% |
| Leasing and similar rights | 25 | €51,364 | €39,940 | -€11,424 | -22.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €427,629 | €351,883 | -€75,746 | -17.7% |
| Amounts receivable after more than one year | 29 | €121,600 | €121,600 | = | 0.0% |
| Other amounts receivable | 291 | €121,600 | €121,600 | = | 0.0% |
| Stocks and contracts in progress | 3 | €970 | €782 | -€188 | -19.4% |
| Stocks | 30/36 | €970 | €782 | -€188 | -19.4% |
| Amounts receivable within one year | 40/41 | €69,724 | €23,688 | -€46,036 | -66.0% |
| Trade receivables | 40 | €58,034 | €17,639 | -€40,395 | -69.6% |
| Other amounts receivable | 41 | €11,689 | €6,049 | -€5,641 | -48.3% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €127,365 | €182,537 | +€55,172 | +43.3% |
| Deferred charges and accrued income | 490/1 | €7,971 | €23,276 | +€15,306 | +192% |
| Total equity and liabilities | 10/49 | €595,263 | €495,801 | -€99,462 | -16.7% |
| Equity | 10/15 | €85,231 | €170,745 | +€85,514 | +100% |
| Contributions | 10/11 | €202,099 | €202,099 | = | 0.0% |
| Reserves | 13 | €17,300 | €17,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,300 | €17,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,168 | -€48,654 | +€85,514 | +63.7% |
| Amounts payable | 17/49 | €510,032 | €325,056 | -€184,976 | -36.3% |
| Amounts payable after more than one year | 17 | €95,355 | €60,613 | -€34,741 | -36.4% |
| Financial debts | 170/4 | €95,355 | €60,613 | -€34,741 | -36.4% |
| Amounts payable within one year | 42/48 | €287,407 | €145,704 | -€141,703 | -49.3% |
| Current portion of amounts payable after more than one year | 42 | €34,250 | €34,741 | +€492 | +1.4% |
| Trade debts | 44 | €196,535 | €77,567 | -€118,967 | -60.5% |
| Suppliers | 440/4 | €196,535 | €77,567 | -€118,967 | -60.5% |
| Advances received on contracts in progress | 46 | €12,985 | €4,338 | -€8,647 | -66.6% |
| Taxes, remuneration and social security | 45 | €43,637 | €29,057 | -€14,580 | -33.4% |
| Taxes | 450/3 | €27,390 | €13,200 | -€14,190 | -51.8% |
| Remuneration and social security | 454/9 | €16,247 | €15,857 | -€390 | -2.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €127,270 | €118,739 | -€8,531 | -6.7% |
| Remuneration, social security and pensions | 62 | €136,744 | €163,755 | +€27,011 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,785 | €44,574 | +€11,789 | +36.0% |
| Other operating charges | 640/8 | €67,660 | €32,906 | -€34,754 | -51.4% |
| Gross operating margin | 9900 | €378,333 | €351,521 | -€26,812 | -7.1% |
| Operating profit (loss) | 9901 | €141,144 | €110,286 | -€30,858 | -21.9% |
| Financial income | 75/76B | €3,509 | €4,243 | +€734 | +20.9% |
| Recurring financial income | 75 | €3,509 | €4,243 | +€734 | +20.9% |
| Financial charges | 65/66B | €12,922 | €16,340 | +€3,418 | +26.5% |
| Recurring financial charges | 65 | €12,922 | €16,340 | +€3,418 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €131,731 | €98,188 | -€33,543 | -25.5% |
| Income taxes | 67/77 | €428 | €12,674 | +€12,246 | +2,862% |
| Profit (loss) for the period | 9904 | €131,303 | €85,514 | -€45,789 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €131,303 | €85,514 | -€45,789 | -34.9% |
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 14 October 2026 via checked.be.