PATRIVIN: 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
PATRIVIN
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.9m
2024 · -€22,668-€1.8m
Equity
€18.1m
2024 · €20.0m-€1.9m
Cash
€1.7m
2024 · €448,947+€1.3m
Balance sheet total
€47.9m
2024 · €48.1m-€146,883
Largest movements
Assets
- Tangible fixed assets -€1.3m
down €1.3m (-2.8%), from €46.4m to €45.1m
of which Assets under construction and advance payments: -€7.7m
- Cash +€1.3m
up €1.3m (+286.9%), from €448,947 to €1.7m
mainly Debts after one year (+€2.2m) and Depreciation (+€1.3m)
Equity and liabilities
- Debts after one year +€2.2m
up €2.2m (+8.7%), from €25.4m to €27.6m
- Profit (loss) carried forward -€1.9m
down €1.9m, from €1.0m to -€833,506
- Trade debts -€932,888
down €932,888 (-64.9%), from €1.4m to €504,533
- Short-term financial debts +€655,000
new in 2025: €655,000
Income statement
- Other operating income -€487,713
down €487,713 (-26.6%), from €1.8m to €1.3m
- Depreciation +€194,618
up €194,618 (+18.1%), from €1.1m to €1.3m
- Other operating charges -€101,670
down €101,670 (-90.5%), from €112,283 to €10,613
- Financial charges +€93,076
up €93,076 (+68.3%), from €136,294 to €229,370
- Services and other goods +€68,239
up €68,239 (+94.6%), from €72,156 to €140,395
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
-€22,668
Turnover
+€980
Other operating income
-€487,713
Goods and materials
-€180
Services and other goods
-€68,239
Staff costs
-€2,902
Depreciation
-€194,618
Other operating charges
+€101,670
Other operating items
-€1.1m
Financial income
-€3,692
Financial charges
-€93,076
Taxes
+€3,011
Result 2025
-€1.9m
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
-€1.4m
Investment
+€34,106
Financing
+€2.7m
Cash 2024
€448,947
From operations (derived)
-€1.4m
Net result for the year
-€1.9m
Depreciation
+€1.3m
Receivables within one year
+€189,445
Deferred charges and accrued income
-€55,927
Trade debts
-€932,888
Tax, wage and social debts
-€41,010
Accrued charges and deferred income
-€13,070
Investment (derived)
+€34,106
Investment in fixed assets (net)
+€34,106
Financing
+€2.7m
Debts after one year
+€2.2m
Current portion of long-term debt
-€159,500
Short-term financial debts
+€655,000
Cash 2025
€1.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,052,763 | €47,905,879 | -€146,883 | -0.3% |
| Formation expenses | 20 | €16,551 | €15,969 | -€582 | -3.5% |
| Fixed assets | 21/28 | €47,293,139 | €45,992,169 | -€1.3m | -2.8% |
| Tangible fixed assets | 22/27 | €46,434,139 | €45,133,169 | -€1.3m | -2.8% |
| Land and buildings | 22 | €32,901,374 | €41,528,622 | +€8.6m | +26.2% |
| Plant, machinery and equipment | 23 | €576,230 | €439,845 | -€136,385 | -23.7% |
| Other tangible fixed assets | 26 | €5,178,324 | €3,132,940 | -€2.0m | -39.5% |
| Assets under construction and advance payments | 27 | €7,778,211 | €31,761 | -€7.7m | -99.6% |
| Financial fixed assets | 28 | €859,000 | €859,000 | = | 0.0% |
| Affiliated companies | 280/1 | €859,000 | €859,000 | = | 0.0% |
| Amounts receivable | 281 | €859,000 | €859,000 | = | 0.0% |
| Current assets | 29/58 | €743,073 | €1,897,742 | +€1.2m | +155.4% |
| Amounts receivable within one year | 40/41 | €293,026 | €103,580 | -€189,445 | -64.7% |
| Trade receivables | 40 | €293,026 | €83,241 | -€209,785 | -71.6% |
| Other amounts receivable | 41 | - | €20,340 | +€20,340 | |
| Cash at bank and in hand | 54/58 | €448,947 | €1,737,135 | +€1.3m | +286.9% |
| Deferred charges and accrued income | 490/1 | €1,100 | €57,027 | +€55,927 | +5085.7% |
| Total equity and liabilities | 10/49 | €48,052,763 | €47,905,879 | -€146,883 | -0.3% |
| Equity | 10/15 | €19,985,934 | €18,130,163 | -€1.9m | -9.3% |
| Contributions | 10/11 | €18,963,669 | €18,963,669 | = | 0.0% |
| Capital | 10 | €18,963,669 | €18,963,669 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,022,265 | -€833,506 | -€1.9m | |
| Amounts payable | 17/49 | €28,066,828 | €29,775,716 | +€1.7m | +6.1% |
| Amounts payable after more than one year | 17 | €25,368,718 | €27,569,074 | +€2.2m | +8.7% |
| Financial debts | 170/4 | €25,368,718 | €27,569,074 | +€2.2m | +8.7% |
| Credit institutions | 173 | €13,675,538 | €16,247,074 | +€2.6m | +18.8% |
| Other loans | 174 | €11,693,180 | €11,322,000 | -€371,180 | -3.2% |
| Amounts payable within one year | 42/48 | €2,666,967 | €2,188,569 | -€478,398 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €1,164,900 | €1,005,400 | -€159,500 | -13.7% |
| Financial debts | 43 | - | €655,000 | +€655,000 | |
| Credit institutions | 430/8 | - | €655,000 | +€655,000 | |
| Trade debts | 44 | €1,437,422 | €504,533 | -€932,888 | -64.9% |
| Suppliers | 440/4 | €1,437,422 | €504,533 | -€932,888 | -64.9% |
| Taxes, remuneration and social security | 45 | €64,646 | €23,635 | -€41,010 | -63.4% |
| Taxes | 450/3 | €46,536 | €5,685 | -€40,851 | -87.8% |
| Remuneration and social security | 454/9 | €18,109 | €17,950 | -€159 | -0.9% |
| Accrued charges and deferred income | 492/3 | €31,143 | €18,073 | -€13,070 | -42.0% |
| Operating income | 70/76A | €1,830,118 | €2,185,932 | +€355,814 | +19.4% |
| Turnover | 70 | - | €980 | +€980 | |
| Other operating income | 74 | €1,830,118 | €1,342,405 | -€487,713 | -26.6% |
| Non-recurring operating income | 76A | - | €842,546 | +€842,546 | |
| Operating charges | 60/66A | €1,712,806 | €3,807,966 | +€2.1m | +122.3% |
| Goods for resale, raw materials and consumables | 60 | - | €180 | +€180 | |
| Purchases | 600/8 | - | €180 | +€180 | |
| Services and other goods | 61 | €72,156 | €140,395 | +€68,239 | +94.6% |
| Remuneration, social security and pensions | 62 | €123,727 | €126,629 | +€2,902 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,072,829 | €1,267,446 | +€194,618 | +18.1% |
| Other operating charges | 640/8 | €112,283 | €10,613 | -€101,670 | -90.5% |
| Non-recurring operating charges | 66A | €331,811 | €2,262,703 | +€1.9m | +581.9% |
| Operating profit (loss) | 9901 | €117,312 | -€1,622,035 | -€1.7m | |
| Financial income | 75/76B | €6,394 | €2,702 | -€3,692 | -57.7% |
| Recurring financial income | 75 | €6,394 | €2,702 | -€3,692 | -57.7% |
| Income from current assets | 751 | €6,394 | €2,702 | -€3,692 | -57.7% |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €136,294 | €229,370 | +€93,076 | +68.3% |
| Recurring financial charges | 65 | €136,294 | €229,370 | +€93,076 | +68.3% |
| Debt charges | 650 | €134,943 | €221,783 | +€86,841 | +64.4% |
| Other financial charges | 652/9 | €1,351 | €7,587 | +€6,236 | +461.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,588 | -€1,848,703 | -€1.8m | -14586.2% |
| Income taxes | 67/77 | €10,080 | €7,068 | -€3,011 | -29.9% |
| Taxes | 670/3 | €10,080 | €7,068 | -€3,011 | -29.9% |
| Profit (loss) for the period | 9904 | -€22,668 | -€1,855,771 | -€1.8m | -8086.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,668 | -€1,855,771 | -€1.8m | -8086.9% |
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 7 October 2026 via checked.be.