Area 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.
Area Partners
Largest movements
- Cash +€45,624
up €45,624 (+233.0%), from €19,582 to €65,205
mainly Net result for the year (+€32,318) and Tax, wage and social debts (+€20,717)
- Tangible fixed assets -€11,930
down €11,930 (-4.2%), from €284,479 to €272,548
of which Land and buildings: -€12,236
- Profit (loss) carried forward +€23,186
no longer reported in 2025 (was -€23,186)
- Tax, wage and social debts +€20,717
up €20,717 (+116.4%), from €17,806 to €38,522
of which Taxes: +€23,207
- Debts after one year -€13,371
down €13,371 (-5.7%), from €233,314 to €219,943
- Reserves +€9,132
up €9,132 (+19.3%), from €47,390 to €56,522
- Trade debts -€4,982
down €4,982 (-47.0%), from €10,606 to €5,624
- Gross operating margin +€60,521
up €60,521 (+56.8%), from €106,525 to €167,046
- Taxes +€9,325
new in 2025: €9,325
- Staff costs +€7,111
up €7,111 (+7.4%), from €96,588 to €103,699
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
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 | €339,589 | €373,983 | +€34,394 | +10.1% |
| Fixed assets | 21/28 | €284,479 | €272,548 | -€11,930 | -4.2% |
| Tangible fixed assets | 22/27 | €284,479 | €272,548 | -€11,930 | -4.2% |
| Land and buildings | 22 | €282,594 | €270,358 | -€12,236 | -4.3% |
| Plant, machinery and equipment | 23 | €1,885 | €2,190 | +€305 | +16.2% |
| Current assets | 29/58 | €55,110 | €101,435 | +€46,324 | +84.1% |
| Amounts receivable after more than one year | 29 | €13,230 | €10,748 | -€2,482 | -18.8% |
| Other amounts receivable | 291 | €13,230 | €10,748 | -€2,482 | -18.8% |
| Amounts receivable within one year | 40/41 | €22,298 | €25,482 | +€3,183 | +14.3% |
| Trade receivables | 40 | €22,298 | €25,482 | +€3,183 | +14.3% |
| Cash at bank and in hand | 54/58 | €19,582 | €65,205 | +€45,624 | +233.0% |
| Total equity and liabilities | 10/49 | €339,589 | €373,983 | +€34,394 | +10.1% |
| Equity | 10/15 | €64,204 | €96,522 | +€32,318 | +50.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €47,390 | €56,522 | +€9,132 | +19.3% |
| Distributable reserves | 133 | €47,390 | €56,522 | +€9,132 | +19.3% |
| Profit (loss) carried forward | 14 | -€23,186 | - | +€23,186 | |
| Amounts payable | 17/49 | €275,385 | €277,461 | +€2,076 | +0.8% |
| Amounts payable after more than one year | 17 | €233,314 | €219,943 | -€13,371 | -5.7% |
| Financial debts | 170/4 | €233,314 | €219,943 | -€13,371 | -5.7% |
| Amounts payable within one year | 42/48 | €42,070 | €57,517 | +€15,447 | +36.7% |
| Current portion of amounts payable after more than one year | 42 | €13,170 | €13,371 | +€202 | +1.5% |
| Trade debts | 44 | €10,606 | €5,624 | -€4,982 | -47.0% |
| Suppliers | 440/4 | €10,606 | €5,624 | -€4,982 | -47.0% |
| Taxes, remuneration and social security | 45 | €17,806 | €38,522 | +€20,717 | +116.4% |
| Taxes | 450/3 | €3,560 | €26,767 | +€23,207 | +651.9% |
| Remuneration and social security | 454/9 | €14,245 | €11,755 | -€2,490 | -17.5% |
| Other amounts payable | 47/48 | €489 | - | -€489 | |
| Remuneration, social security and pensions | 62 | €96,588 | €103,699 | +€7,111 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,417 | €13,217 | +€800 | +6.4% |
| Other operating charges | 640/8 | €5,977 | €5,800 | -€177 | -3.0% |
| Gross operating margin | 9900 | €106,525 | €167,046 | +€60,521 | +56.8% |
| Operating profit (loss) | 9901 | -€8,457 | €44,330 | +€52,788 | |
| Financial income | 75/76B | €462 | €1,913 | +€1,450 | +313.7% |
| Recurring financial income | 75 | €462 | €1,913 | +€1,450 | +313.7% |
| Financial charges | 65/66B | €4,939 | €4,601 | -€338 | -6.9% |
| Recurring financial charges | 65 | €4,939 | €4,601 | -€338 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,934 | €41,642 | +€54,576 | |
| Income taxes | 67/77 | - | €9,325 | +€9,325 | |
| Profit (loss) for the period | 9904 | -€12,934 | €32,318 | +€45,252 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,934 | €32,318 | +€45,252 |
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 12 October 2026 via checked.be.