PATRIVAN: what changed
Two fiscal 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
PATRIVAN
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€30,405
2024 · €41,671-€11,267
Equity
€7.7m
2024 · €7.7m+€30,405
Cash
€79,497
2024 · €171,727-€92,230
Balance sheet total
€14.3m
2024 · €14.4m-€176,890
Largest movements
Assets
- Stocks and contracts -€208,000
down €208,000 (-24.4%), from €852,800 to €644,800
- Tangible fixed assets +€151,548
up €151,548 (+1.2%), from €13.1m to €13.2m
of which Land and buildings: +€151,814
Equity and liabilities
- Debts after one year -€267,224
down €267,224 (-8.8%), from €3.1m to €2.8m
- Trade debts +€210,041
up €210,041 (+731.5%), from €28,715 to €238,756
- Short-term financial debts -€154,000
down €154,000 (-43.5%), from €354,000 to €200,000
Income statement
- Other operating charges +€107,149
up €107,149 (+125.0%), from €85,709 to €192,858
- Gross operating margin +€102,527
up €102,527 (+15.1%), from €680,408 to €782,936
- Depreciation +€21,142
up €21,142 (+4.7%), from €448,191 to €469,332
- Financial charges -€9,600
down €9,600 (-10.7%), from €89,943 to €80,343
of which Financial charges: -€10,460
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
€41,671
Gross operating margin
+€102,527
Depreciation
-€21,142
Write-downs
+€2,496
Other operating charges
-€107,149
Financial income
+€0
Financial charges
+€9,600
Taxes
-€3,172
Deferred taxes and other
+€5,573
Result 2025
€30,405
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
+€909,911
Investment
-€592,380
Financing
-€409,761
Cash 2024
€171,727
From operations (derived)
+€909,911
Net result for the year
+€30,405
Depreciation
+€469,332
Stocks and contracts
+€208,000
Smaller working-capital items
-€361
Provisions
-€31,167
Trade debts
+€210,041
Tax, wage and social debts
+€43,661
Other debts
-€20,000
Investment (derived)
-€592,380
Investment in fixed assets (net)
-€592,380
Financing
-€409,761
Debts after one year
-€267,224
Current portion of long-term debt
+€11,463
Short-term financial debts
-€154,000
Cash 2025
€79,497
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,448,013 | €14,271,123 | -€176,890 | -1.2% |
| Fixed assets | 21/28 | €13,141,722 | €13,264,770 | +€123,048 | +0.9% |
| Intangible fixed assets | 21 | €57,000 | €28,500 | -€28,500 | -50.0% |
| Tangible fixed assets | 22/27 | €13,084,722 | €13,236,270 | +€151,548 | +1.2% |
| Land and buildings | 22 | €13,083,621 | €13,235,435 | +€151,814 | +1.2% |
| Plant, machinery and equipment | 23 | €795 | €795 | = | 0.0% |
| Furniture and vehicles | 24 | €306 | €39 | -€267 | -87.1% |
| Current assets | 29/58 | €1,306,291 | €1,006,353 | -€299,938 | -23.0% |
| Stocks and contracts in progress | 3 | €852,800 | €644,800 | -€208,000 | -24.4% |
| Stocks | 30/36 | €852,800 | €644,800 | -€208,000 | -24.4% |
| Amounts receivable within one year | 40/41 | €268,845 | €268,878 | +€32 | 0.0% |
| Trade receivables | 40 | €226,426 | €226,459 | +€32 | 0.0% |
| Other amounts receivable | 41 | €42,419 | €42,419 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €171,727 | €79,497 | -€92,230 | -53.7% |
| Deferred charges and accrued income | 490/1 | €12,918 | €13,179 | +€260 | +2.0% |
| Total equity and liabilities | 10/49 | €14,448,013 | €14,271,123 | -€176,890 | -1.2% |
| Equity | 10/15 | €7,665,162 | €7,695,567 | +€30,405 | +0.4% |
| Contributions | 10/11 | €4,281,251 | €4,281,251 | = | 0.0% |
| Capital | 10 | €4,281,251 | €4,281,251 | = | 0.0% |
| Issued capital | 100 | €4,281,251 | €4,281,251 | = | 0.0% |
| Reserves | 13 | €3,362,078 | €3,392,483 | +€30,405 | +0.9% |
| Non-distributable reserves | 130/1 | €428,125 | €428,125 | = | 0.0% |
| Legal reserve | 130 | €428,125 | €428,125 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,654,709 | €2,566,061 | -€88,648 | -3.3% |
| Distributable reserves | 133 | €279,244 | €398,297 | +€119,053 | +42.6% |
| Profit (loss) carried forward | 14 | €21,833 | €21,833 | = | 0.0% |
| Provisions and deferred taxes | 16 | €836,543 | €805,376 | -€31,167 | -3.7% |
| Deferred taxes | 168 | €836,543 | €805,376 | -€31,167 | -3.7% |
| Amounts payable | 17/49 | €5,946,308 | €5,770,181 | -€176,127 | -3.0% |
| Amounts payable after more than one year | 17 | €3,052,040 | €2,784,817 | -€267,224 | -8.8% |
| Financial debts | 170/4 | €3,052,040 | €2,784,817 | -€267,224 | -8.8% |
| Amounts payable within one year | 42/48 | €2,892,886 | €2,984,051 | +€91,165 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €285,496 | €296,959 | +€11,463 | +4.0% |
| Financial debts | 43 | €354,000 | €200,000 | -€154,000 | -43.5% |
| Credit institutions | 430/8 | €354,000 | €200,000 | -€154,000 | -43.5% |
| Trade debts | 44 | €28,715 | €238,756 | +€210,041 | +731.5% |
| Suppliers | 440/4 | €28,715 | €238,756 | +€210,041 | +731.5% |
| Taxes, remuneration and social security | 45 | €40,489 | €84,149 | +€43,661 | +107.8% |
| Taxes | 450/3 | €40,489 | €84,149 | +€43,661 | +107.8% |
| Other amounts payable | 47/48 | €2,184,187 | €2,164,187 | -€20,000 | -0.9% |
| Accrued charges and deferred income | 492/3 | €1,382 | €1,313 | -€68 | -4.9% |
| Non-recurring operating income | 76A | €100,477 | €194,071 | +€93,595 | +93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €448,191 | €469,332 | +€21,142 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,496 | -€2,496 | |
| Other operating charges | 640/8 | €85,709 | €192,858 | +€107,149 | +125.0% |
| Gross operating margin | 9900 | €680,408 | €782,936 | +€102,527 | +15.1% |
| Operating profit (loss) | 9901 | €146,509 | €123,241 | -€23,268 | -15.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €89,943 | €80,343 | -€9,600 | -10.7% |
| Recurring financial charges | 65 | €89,943 | €79,483 | -€10,460 | -11.6% |
| Non-recurring financial charges | 66B | - | €860 | +€860 | |
| Profit (loss) for the period before taxes | 9903 | €56,565 | €42,898 | -€13,667 | -24.2% |
| Transfer from deferred taxes | 780 | €25,595 | €31,167 | +€5,573 | +21.8% |
| Income taxes | 67/77 | €40,489 | €43,661 | +€3,172 | +7.8% |
| Profit (loss) for the period | 9904 | €41,671 | €30,405 | -€11,267 | -27.0% |
| Transfer from tax-exempt reserves | 789 | €66,358 | €88,648 | +€22,290 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €108,029 | €119,053 | +€11,024 | +10.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.