Change 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.
Change Partners
Largest movements
- Receivables within one year -€8,820
down €8,820 (-29.8%), from €29,561 to €20,741
of which Trade receivables: -€6,877
- Tangible fixed assets -€8,494
down €8,494 (-20.3%), from €41,890 to €33,395
of which Furniture and vehicles: -€4,354
- Cash +€4,953
up €4,953 (+41.3%), from €12,005 to €16,958
mainly Depreciation (+€12,600) and Receivables within one year (+€8,820)
- Tax, wage and social debts -€5,784
down €5,784 (-50.5%), from €11,446 to €5,662
of which Taxes: -€3,484
- Debts after one year -€4,625
down €4,625 (-34.8%), from €13,279 to €8,654
- Other debts -€3,572
down €3,572 (-72.3%), from €4,942 to €1,370
- Reserves +€2,154
up €2,154 (+5.6%), from €38,221 to €40,375
of which Distributable reserves: +€2,154
- Accrued charges and deferred income -€910
no longer reported in 2025 (was €910)
- Gross operating margin +€14,778
up €14,778 (+284%), from €5,205 to €19,983
- Taxes +€1,943
up €1,943 (+846%), from €230 to €2,173
- Other operating charges +€778
up €778 (+61.9%), from €1,256 to €2,034
- Depreciation +€541
up €541 (+4.5%), from €12,059 to €12,600
- Financial charges -€239
down €239 (-18.9%), from €1,261 to €1,022
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 | €83,956 | €71,595 | -€12,361 | -14.7% |
| Fixed assets | 21/28 | €42,390 | €33,895 | -€8,494 | -20.0% |
| Tangible fixed assets | 22/27 | €41,890 | €33,395 | -€8,494 | -20.3% |
| Land and buildings | 22 | €9,050 | €6,303 | -€2,747 | -30.4% |
| Plant, machinery and equipment | 23 | €4,382 | €2,989 | -€1,393 | -31.8% |
| Furniture and vehicles | 24 | €28,457 | €24,103 | -€4,354 | -15.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €41,566 | €37,699 | -€3,867 | -9.3% |
| Amounts receivable within one year | 40/41 | €29,561 | €20,741 | -€8,820 | -29.8% |
| Trade receivables | 40 | €24,791 | €17,914 | -€6,877 | -27.7% |
| Other amounts receivable | 41 | €4,770 | €2,827 | -€1,943 | -40.7% |
| Cash at bank and in hand | 54/58 | €12,005 | €16,958 | +€4,953 | +41.3% |
| Total equity and liabilities | 10/49 | €83,956 | €71,595 | -€12,361 | -14.7% |
| Equity | 10/15 | €44,421 | €46,575 | +€2,154 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,221 | €40,375 | +€2,154 | +5.6% |
| Non-distributable reserves | 130/1 | €270 | €270 | = | 0.0% |
| Reserves not available under the articles | 1311 | €270 | €270 | = | 0.0% |
| Distributable reserves | 133 | €37,951 | €40,105 | +€2,154 | +5.7% |
| Amounts payable | 17/49 | €39,535 | €25,020 | -€14,515 | -36.7% |
| Amounts payable after more than one year | 17 | €13,279 | €8,654 | -€4,625 | -34.8% |
| Financial debts | 170/4 | €13,279 | €8,654 | -€4,625 | -34.8% |
| Amounts payable within one year | 42/48 | €25,346 | €16,366 | -€8,980 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €4,406 | €4,625 | +€219 | +5.0% |
| Financial debts | 43 | €2,952 | €2,940 | -€12 | -0.4% |
| Credit institutions | 430/8 | €2,952 | €2,940 | -€12 | -0.4% |
| Trade debts | 44 | €1,600 | €1,769 | +€169 | +10.6% |
| Suppliers | 440/4 | €1,600 | €1,769 | +€169 | +10.6% |
| Taxes, remuneration and social security | 45 | €11,446 | €5,662 | -€5,784 | -50.5% |
| Taxes | 450/3 | €9,146 | €5,662 | -€3,484 | -38.1% |
| Remuneration and social security | 454/9 | €2,300 | - | -€2,300 | |
| Other amounts payable | 47/48 | €4,942 | €1,370 | -€3,572 | -72.3% |
| Accrued charges and deferred income | 492/3 | €910 | - | -€910 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,059 | €12,600 | +€541 | +4.5% |
| Other operating charges | 640/8 | €1,256 | €2,034 | +€778 | +61.9% |
| Gross operating margin | 9900 | €5,205 | €19,983 | +€14,778 | +284% |
| Operating profit (loss) | 9901 | -€8,110 | €5,349 | +€13,460 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,261 | €1,022 | -€239 | -18.9% |
| Recurring financial charges | 65 | €1,261 | €1,022 | -€239 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,371 | €4,327 | +€13,698 | |
| Income taxes | 67/77 | €230 | €2,173 | +€1,943 | +846% |
| Profit (loss) for the period | 9904 | -€9,601 | €2,154 | +€11,755 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,601 | €2,154 | +€11,755 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.