PATRONUS: 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.
PATRONUS
Largest movements
- Tangible fixed assets -€16,362
down €16,362 (-12.3%), from €132,854 to €116,492
of which Land and buildings: -€12,029
- Receivables after one year +€10,156
up €10,156 (+41.2%), from €24,624 to €34,780
- Debts after one year -€22,009
down €22,009 (-22.4%), from €98,278 to €76,270
- Reserves +€7,442
up €7,442 (+65.0%), from €11,451 to €18,893
- Tax, wage and social debts +€4,873
up €4,873 (+81.5%), from €5,982 to €10,855
- Trade debts +€3,061
up €3,061 (+76.8%), from €3,986 to €7,047
- Gross operating margin -€6,031
down €6,031 (-14.2%), from €42,322 to €36,291
- Depreciation -€1,108
down €1,108 (-6.3%), from €17,470 to €16,362
- Taxes -€770
down €770 (-13.6%), from €5,665 to €4,896
- Financial charges +€452
up €452 (+7.6%), from €5,970 to €6,422
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,024 | €167,378 | -€5,645 | -3.3% |
| Fixed assets | 21/28 | €132,854 | €116,492 | -€16,362 | -12.3% |
| Tangible fixed assets | 22/27 | €132,854 | €116,492 | -€16,362 | -12.3% |
| Land and buildings | 22 | €121,121 | €109,092 | -€12,029 | -9.9% |
| Furniture and vehicles | 24 | €11,733 | €7,400 | -€4,333 | -36.9% |
| Current assets | 29/58 | €40,170 | €50,887 | +€10,717 | +26.7% |
| Amounts receivable after more than one year | 29 | €24,624 | €34,780 | +€10,156 | +41.2% |
| Other amounts receivable | 291 | €24,624 | €34,780 | +€10,156 | +41.2% |
| Amounts receivable within one year | 40/41 | €14,001 | €14,472 | +€471 | +3.4% |
| Trade receivables | 40 | €5,483 | €6,256 | +€774 | +14.1% |
| Other amounts receivable | 41 | €8,519 | €8,215 | -€303 | -3.6% |
| Deferred charges and accrued income | 490/1 | €1,545 | €1,635 | +€90 | +5.8% |
| Total equity and liabilities | 10/49 | €173,024 | €167,378 | -€5,645 | -3.3% |
| Equity | 10/15 | €39,222 | €46,664 | +€7,442 | +19.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,451 | €18,893 | +€7,442 | +65.0% |
| Distributable reserves | 133 | €11,451 | €18,893 | +€7,442 | +65.0% |
| Profit (loss) carried forward | 14 | €15,370 | €15,370 | = | 0.0% |
| Amounts payable | 17/49 | €133,802 | €120,714 | -€13,088 | -9.8% |
| Amounts payable after more than one year | 17 | €98,278 | €76,270 | -€22,009 | -22.4% |
| Financial debts | 170/4 | €98,278 | €76,270 | -€22,009 | -22.4% |
| Amounts payable within one year | 42/48 | €35,524 | €44,445 | +€8,921 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €21,570 | €22,009 | +€439 | +2.0% |
| Financial debts | 43 | €3,987 | €4,534 | +€548 | +13.7% |
| Credit institutions | 430/8 | €3,987 | €4,534 | +€548 | +13.7% |
| Trade debts | 44 | €3,986 | €7,047 | +€3,061 | +76.8% |
| Suppliers | 440/4 | €3,986 | €7,047 | +€3,061 | +76.8% |
| Taxes, remuneration and social security | 45 | €5,982 | €10,855 | +€4,873 | +81.5% |
| Taxes | 450/3 | €5,982 | €10,855 | +€4,873 | +81.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,470 | €16,362 | -€1,108 | -6.3% |
| Other operating charges | 640/8 | €2,690 | €2,395 | -€296 | -11.0% |
| Gross operating margin | 9900 | €42,322 | €36,291 | -€6,031 | -14.2% |
| Operating profit (loss) | 9901 | €22,162 | €17,535 | -€4,628 | -20.9% |
| Financial income | 75/76B | €925 | €1,225 | +€301 | +32.5% |
| Recurring financial income | 75 | €925 | €1,225 | +€301 | +32.5% |
| Financial charges | 65/66B | €5,970 | €6,422 | +€452 | +7.6% |
| Recurring financial charges | 65 | €5,970 | €6,422 | +€452 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €17,117 | €12,338 | -€4,779 | -27.9% |
| Income taxes | 67/77 | €5,665 | €4,896 | -€770 | -13.6% |
| Profit (loss) for the period | 9904 | €11,451 | €7,442 | -€4,009 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,451 | €7,442 | -€4,009 | -35.0% |
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 10 October 2026 via checked.be.