A en D PARTNERS: 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.
A en D PARTNERS
Largest movements
- Cash -€88,032
down €88,032 (-20.2%), from €436,804 to €348,772
mainly Investment in fixed assets (net) (-€50,789) and Tax, wage and social debts (-€50,049)
- Tangible fixed assets +€34,788
up €34,788 (+32.0%), from €108,827 to €143,614
of which Land and buildings: +€35,561
- Tax, wage and social debts -€50,049
down €50,049 (-96.0%), from €52,151 to €2,102
- Gross operating margin -€9,506
down €9,506 (-42.4%), from €22,420 to €12,914
- Taxes -€5,976
down €5,976, from €3,110 to -€2,866
- Depreciation +€3,962
up €3,962 (+32.9%), from €12,039 to €16,001
- Financial income -€838
down €838 (-100.0%), from €839 to €0
- Other operating charges -€815
down €815 (-36.5%), from €2,231 to €1,416
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 | €546,969 | €492,955 | -€54,014 | -9.9% |
| Fixed assets | 21/28 | €108,827 | €143,614 | +€34,788 | +32.0% |
| Tangible fixed assets | 22/27 | €108,827 | €143,614 | +€34,788 | +32.0% |
| Land and buildings | 22 | €82,647 | €118,207 | +€35,561 | +43.0% |
| Plant, machinery and equipment | 23 | €448 | - | -€448 | |
| Furniture and vehicles | 24 | €25,732 | €25,407 | -€325 | -1.3% |
| Current assets | 29/58 | €438,142 | €349,340 | -€88,802 | -20.3% |
| Amounts receivable within one year | 40/41 | €1,338 | €568 | -€770 | -57.5% |
| Trade receivables | 40 | €726 | - | -€726 | |
| Other amounts receivable | 41 | €612 | €568 | -€44 | -7.1% |
| Cash at bank and in hand | 54/58 | €436,804 | €348,772 | -€88,032 | -20.2% |
| Total equity and liabilities | 10/49 | €546,969 | €492,955 | -€54,014 | -9.9% |
| Equity | 10/15 | €488,799 | €486,615 | -€2,184 | -0.4% |
| Contributions | 10/11 | €166,567 | €166,567 | = | 0.0% |
| Capital | 10 | €166,567 | €166,567 | = | 0.0% |
| Issued capital | 100 | €166,567 | €166,567 | = | 0.0% |
| Reserves | 13 | €312,263 | €312,263 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,657 | €16,657 | = | 0.0% |
| Legal reserve | 130 | €16,657 | €16,657 | = | 0.0% |
| Distributable reserves | 133 | €295,606 | €295,606 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,969 | €7,785 | -€2,184 | -21.9% |
| Amounts payable | 17/49 | €58,170 | €6,340 | -€51,830 | -89.1% |
| Amounts payable within one year | 42/48 | €58,170 | €6,340 | -€51,830 | -89.1% |
| Financial debts | 43 | €5,649 | €3,952 | -€1,697 | -30.0% |
| Other loans | 439 | €5,649 | €3,952 | -€1,697 | -30.0% |
| Trade debts | 44 | €369 | €286 | -€84 | -22.7% |
| Suppliers | 440/4 | €369 | €286 | -€84 | -22.7% |
| Taxes, remuneration and social security | 45 | €52,151 | €2,102 | -€50,049 | -96.0% |
| Taxes | 450/3 | €52,151 | €2,102 | -€50,049 | -96.0% |
| Remuneration, social security and pensions | 62 | €5 | €169 | +€164 | +3,421% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,039 | €16,001 | +€3,962 | +32.9% |
| Other operating charges | 640/8 | €2,231 | €1,416 | -€815 | -36.5% |
| Gross operating margin | 9900 | €22,420 | €12,914 | -€9,506 | -42.4% |
| Operating profit (loss) | 9901 | €8,144 | -€4,673 | -€12,817 | |
| Financial income | 75/76B | €839 | €0 | -€838 | -100.0% |
| Recurring financial income | 75 | €839 | €0 | -€838 | -100.0% |
| Financial charges | 65/66B | €509 | €377 | -€131 | -25.8% |
| Recurring financial charges | 65 | €509 | €377 | -€131 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €8,474 | -€5,050 | -€13,524 | |
| Income taxes | 67/77 | €3,110 | -€2,866 | -€5,976 | |
| Profit (loss) for the period | 9904 | €5,364 | -€2,184 | -€7,548 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,364 | -€2,184 | -€7,548 |
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 1 November 2026 via checked.be.