PATRIVEST: 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.
PATRIVEST
Largest movements
- Current investments +€1.3m
new in 2025: €1.3m
- Tangible fixed assets -€206,739
down €206,739 (-6.3%), from €3.3m to €3.1m
of which Land and buildings: -€196,891
- Cash +€124,305
up €124,305 (+99.6%), from €124,853 to €249,158
mainly Net result for the year (+€1.2m) and Investment in fixed assets (net) (+€119,412)
- Profit (loss) carried forward +€770,861
up €770,861, from -€538,620 to €232,241
- Reserves +€475,052
up €475,052 (+63.8%), from €744,401 to €1.2m
of which Distributable reserves: +€500,000
- Gross operating margin +€1.8m
up €1.8m, from -€54,173 to €1.7m
- Taxes +€384,676
up €384,676 (+91,140%), from €422 to €385,099
- Financial income +€93,911
up €93,911 (+3,786,738%), from €2 to €93,914
of which Non-recurring financial income: +€90,718
- Write-downs +€41,230
up €41,230, from -€4,730 to €36,500
- Depreciation -€40,669
down €40,669 (-31.8%), from €127,997 to €87,327
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 | €3,460,700 | €4,696,583 | +€1.2m | +35.7% |
| Fixed assets | 21/28 | €3,292,707 | €3,085,968 | -€206,739 | -6.3% |
| Tangible fixed assets | 22/27 | €3,292,707 | €3,085,968 | -€206,739 | -6.3% |
| Land and buildings | 22 | €3,102,636 | €2,905,745 | -€196,891 | -6.3% |
| Plant, machinery and equipment | 23 | €3,490 | €1,927 | -€1,563 | -44.8% |
| Furniture and vehicles | 24 | €186,581 | €178,296 | -€8,285 | -4.4% |
| Current assets | 29/58 | €167,993 | €1,610,615 | +€1.4m | +859% |
| Amounts receivable within one year | 40/41 | €36,500 | €59,747 | +€23,247 | +63.7% |
| Other amounts receivable | 41 | €36,500 | €59,747 | +€23,247 | +63.7% |
| Current investments | 50/53 | - | €1,299,998 | +€1.3m | |
| Cash at bank and in hand | 54/58 | €124,853 | €249,158 | +€124,305 | +99.6% |
| Deferred charges and accrued income | 490/1 | €6,640 | €1,711 | -€4,928 | -74.2% |
| Total equity and liabilities | 10/49 | €3,460,700 | €4,696,583 | +€1.2m | +35.7% |
| Equity | 10/15 | €505,781 | €1,751,694 | +€1.2m | +246% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €744,401 | €1,219,453 | +€475,052 | +63.8% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €714,401 | €689,453 | -€24,948 | -3.5% |
| Distributable reserves | 133 | - | €500,000 | +€500,000 | |
| Profit (loss) carried forward | 14 | -€538,620 | €232,241 | +€770,861 | |
| Provisions and deferred taxes | 16 | €238,134 | €229,818 | -€8,316 | -3.5% |
| Deferred taxes | 168 | €238,134 | €229,818 | -€8,316 | -3.5% |
| Amounts payable | 17/49 | €2,716,786 | €2,715,071 | -€1,714 | -0.1% |
| Amounts payable after more than one year | 17 | €2,500,000 | €2,500,000 | = | 0.0% |
| Financial debts | 170/4 | €2,500,000 | €2,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €192,056 | €189,366 | -€2,690 | -1.4% |
| Trade debts | 44 | €2,741 | €2,660 | -€80 | -2.9% |
| Suppliers | 440/4 | €2,741 | €2,660 | -€80 | -2.9% |
| Taxes, remuneration and social security | 45 | €422 | €0 | -€422 | -100% |
| Taxes | 450/3 | €422 | €0 | -€422 | -100% |
| Other amounts payable | 47/48 | €188,893 | €186,705 | -€2,188 | -1.2% |
| Accrued charges and deferred income | 492/3 | €24,730 | €25,706 | +€976 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,997 | €87,327 | -€40,669 | -31.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,730 | €36,500 | +€41,230 | |
| Other operating charges | 640/8 | €16,717 | €21,900 | +€5,183 | +31.0% |
| Non-recurring operating charges | 66A | €4,730 | €0 | -€4,730 | -100% |
| Gross operating margin | 9900 | -€54,173 | €1,715,849 | +€1.8m | |
| Operating profit (loss) | 9901 | -€198,887 | €1,570,121 | +€1.8m | |
| Financial income | 75/76B | €2 | €93,914 | +€93,911 | +3,786,738% |
| Recurring financial income | 75 | €2 | €3,196 | +€3,193 | +128,754% |
| Non-recurring financial income | 76B | - | €90,718 | +€90,718 | |
| Financial charges | 65/66B | €40,331 | €41,339 | +€1,008 | +2.5% |
| Recurring financial charges | 65 | €40,331 | €41,339 | +€1,008 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | -€239,216 | €1,622,696 | +€1.9m | |
| Transfer from deferred taxes | 780 | €8,316 | €8,316 | = | 0.0% |
| Income taxes | 67/77 | €422 | €385,099 | +€384,676 | +91,140% |
| Profit (loss) for the period | 9904 | -€231,322 | €1,245,913 | +€1.5m | |
| Transfer from tax-exempt reserves | 789 | €24,948 | €24,948 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€206,374 | €1,270,861 | +€1.5m |
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 27 October 2026 via checked.be.