Patriven: what changed
What changed
Patriven
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€132,762
2024 · €246,601-€113,839
Equity
€3.2m
2024 · €3.3m-€27,238
Cash
€182,849
2024 · €111,451+€71,398
Balance sheet total
€5.8m
2024 · €4.6m+€1.1m
Largest movements
Assets
- Receivables after one year +€1.1m
new in 2025: €1.1m
- Cash +€71,398
up €71,398 (+64.1%), from €111,451 to €182,849
mainly Debts after one year (+€945,137) and Other debts (+€160,000)
Equity and liabilities
- Debts after one year +€945,137
up €945,137 (+72.1%), from €1.3m to €2.3m
- Other debts +€160,000
new in 2025: €160,000
- Current portion of long-term debt +€68,710
up €68,710 (+109%), from €62,885 to €131,595
Income statement
- Financial income -€102,576
down €102,576 (-99.5%), from €103,105 to €529
- Gross operating margin -€69,427
down €69,427 (-19.4%), from €357,281 to €287,854
- Financial charges -€36,877
down €36,877 (-34.7%), from €106,310 to €69,433
- Other operating charges -€13,893
down €13,893 (-40.3%), from €34,505 to €20,612
- Depreciation -€8,461
down €8,461 (-30.2%), from €28,023 to €19,561
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€246,601
Gross operating margin
-€69,427
Depreciation
+€8,461
Other operating charges
+€13,893
Financial income
-€102,576
Financial charges
+€36,877
Taxes
-€1,066
Result 2025
€132,762
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€782,450
Investment
€0
Financing
+€853,847
Cash 2024
€111,451
From operations (derived)
-€782,450
Net result for the year
+€132,762
Depreciation
+€19,561
Receivables after one year
-€1.1m
Receivables within one year
+€6,804
Smaller working-capital items
-€1,577
Other debts
+€160,000
Financing
+€853,847
Debts after one year
+€945,137
Current portion of long-term debt
+€68,710
Contributions, distributions and other
-€160,000
Cash 2025
€182,849
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,645,922 | €5,791,483 | +€1.1m | +24.7% |
| Fixed assets | 21/28 | €4,485,697 | €4,466,136 | -€19,561 | -0.4% |
| Tangible fixed assets | 22/27 | €2,685,697 | €2,666,136 | -€19,561 | -0.7% |
| Land and buildings | 22 | €2,593,092 | €2,588,445 | -€4,647 | -0.2% |
| Plant, machinery and equipment | 23 | €92,605 | €77,691 | -€14,914 | -16.1% |
| Financial fixed assets | 28 | €1,800,000 | €1,800,000 | = | 0.0% |
| Current assets | 29/58 | €160,225 | €1,325,348 | +€1.2m | +727% |
| Amounts receivable after more than one year | 29 | - | €1,100,000 | +€1.1m | |
| Other amounts receivable | 291 | - | €1,100,000 | +€1.1m | |
| Amounts receivable within one year | 40/41 | €25,202 | €18,398 | -€6,804 | -27.0% |
| Trade receivables | 40 | €760 | €1,361 | +€601 | +79.1% |
| Other amounts receivable | 41 | €24,442 | €17,037 | -€7,405 | -30.3% |
| Cash at bank and in hand | 54/58 | €111,451 | €182,849 | +€71,398 | +64.1% |
| Deferred charges and accrued income | 490/1 | €23,571 | €24,100 | +€529 | +2.2% |
| Total equity and liabilities | 10/49 | €4,645,922 | €5,791,483 | +€1.1m | +24.7% |
| Equity | 10/15 | €3,269,778 | €3,242,540 | -€27,238 | -0.8% |
| Contributions | 10/11 | €850,000 | €850,000 | = | 0.0% |
| Capital | 10 | €850,000 | €850,000 | = | 0.0% |
| Issued capital | 100 | €850,000 | €850,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,173,177 | €2,173,177 | = | 0.0% |
| Reserves | 13 | €246,601 | €219,362 | -€27,238 | -11.0% |
| Non-distributable reserves | 130/1 | - | €18,969 | +€18,969 | |
| Legal reserve | 130 | - | €18,969 | +€18,969 | |
| Distributable reserves | 133 | €246,601 | €200,393 | -€46,207 | -18.7% |
| Amounts payable | 17/49 | €1,376,144 | €2,548,944 | +€1.2m | +85.2% |
| Amounts payable after more than one year | 17 | €1,310,747 | €2,255,885 | +€945,137 | +72.1% |
| Financial debts | 170/4 | €1,310,747 | €2,255,885 | +€945,137 | +72.1% |
| Amounts payable within one year | 42/48 | €65,397 | €293,059 | +€227,662 | +348% |
| Current portion of amounts payable after more than one year | 42 | €62,885 | €131,595 | +€68,710 | +109% |
| Trade debts | 44 | €2,492 | €449 | -€2,042 | -82.0% |
| Suppliers | 440/4 | €2,492 | €449 | -€2,042 | -82.0% |
| Advances received on contracts in progress | 46 | €20 | - | -€20 | |
| Taxes, remuneration and social security | 45 | - | €1,014 | +€1,014 | |
| Taxes | 450/3 | - | €1,014 | +€1,014 | |
| Other amounts payable | 47/48 | - | €160,000 | +€160,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,023 | €19,561 | -€8,461 | -30.2% |
| Other operating charges | 640/8 | €34,505 | €20,612 | -€13,893 | -40.3% |
| Gross operating margin | 9900 | €357,281 | €287,854 | -€69,427 | -19.4% |
| Operating profit (loss) | 9901 | €294,753 | €247,680 | -€47,073 | -16.0% |
| Financial income | 75/76B | €103,105 | €529 | -€102,576 | -99.5% |
| Recurring financial income | 75 | €103,105 | €529 | -€102,576 | -99.5% |
| Financial charges | 65/66B | €106,310 | €69,433 | -€36,877 | -34.7% |
| Recurring financial charges | 65 | €106,310 | €69,433 | -€36,877 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €291,549 | €178,776 | -€112,773 | -38.7% |
| Income taxes | 67/77 | €44,949 | €46,014 | +€1,066 | +2.4% |
| Profit (loss) for the period | 9904 | €246,601 | €132,762 | -€113,839 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €246,601 | €132,762 | -€113,839 | -46.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.