Dedicated Partner: 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.
Dedicated Partner
Largest movements
- Cash +€60,262
up €60,262 (+112%), from €53,635 to €113,897
mainly Net result for the year (+€84,835) and Other debts (+€36,100)
- Receivables after one year -€28,226
down €28,226 (-18.4%), from €153,400 to €125,174
- Receivables within one year +€23,361
up €23,361 (+26.3%), from €88,931 to €112,291
of which Trade receivables: +€74,422
- Tangible fixed assets -€13,734
down €13,734 (-24.0%), from €57,265 to €43,531
of which Furniture and vehicles: -€14,103
- Other debts +€36,100
new in 2025: €36,100
- Tax, wage and social debts +€22,673
up €22,673 (+205%), from €11,041 to €33,714
- Reserves -€15,200
down €15,200 (-9.8%), from €155,260 to €140,060
of which Distributable reserves: -€15,200
- Debts after one year -€10,053
down €10,053 (-33.9%), from €29,631 to €19,578
- Profit (loss) carried forward +€7,735
up €7,735 (+5.7%), from €136,773 to €144,507
- Gross operating margin +€62,849
up €62,849 (+79.5%), from €79,048 to €141,897
- Taxes +€22,047
up €22,047 (+132%), from €16,703 to €38,750
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 | €354,800 | €396,520 | +€41,721 | +11.8% |
| Fixed assets | 21/28 | €57,290 | €43,556 | -€13,734 | -24.0% |
| Tangible fixed assets | 22/27 | €57,265 | €43,531 | -€13,734 | -24.0% |
| Plant, machinery and equipment | 23 | €1,278 | €1,647 | +€369 | +28.9% |
| Furniture and vehicles | 24 | €55,987 | €41,883 | -€14,103 | -25.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €297,509 | €352,965 | +€55,455 | +18.6% |
| Amounts receivable after more than one year | 29 | €153,400 | €125,174 | -€28,226 | -18.4% |
| Other amounts receivable | 291 | €153,400 | €125,174 | -€28,226 | -18.4% |
| Amounts receivable within one year | 40/41 | €88,931 | €112,291 | +€23,361 | +26.3% |
| Trade receivables | 40 | €37,869 | €112,291 | +€74,422 | +197% |
| Other amounts receivable | 41 | €51,061 | - | -€51,061 | |
| Cash at bank and in hand | 54/58 | €53,635 | €113,897 | +€60,262 | +112% |
| Deferred charges and accrued income | 490/1 | €1,544 | €1,602 | +€58 | +3.8% |
| Total equity and liabilities | 10/49 | €354,800 | €396,520 | +€41,721 | +11.8% |
| Equity | 10/15 | €304,433 | €296,967 | -€7,465 | -2.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €155,260 | €140,060 | -€15,200 | -9.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €153,400 | €138,200 | -€15,200 | -9.9% |
| Profit (loss) carried forward | 14 | €136,773 | €144,507 | +€7,735 | +5.7% |
| Amounts payable | 17/49 | €50,367 | €99,553 | +€49,186 | +97.7% |
| Amounts payable after more than one year | 17 | €29,631 | €19,578 | -€10,053 | -33.9% |
| Financial debts | 170/4 | €29,631 | €19,578 | -€10,053 | -33.9% |
| Amounts payable within one year | 42/48 | €20,735 | €79,975 | +€59,239 | +286% |
| Current portion of amounts payable after more than one year | 42 | €9,634 | €10,053 | +€419 | +4.3% |
| Trade debts | 44 | €60 | €108 | +€48 | +79.6% |
| Suppliers | 440/4 | €60 | €108 | +€48 | +79.6% |
| Taxes, remuneration and social security | 45 | €11,041 | €33,714 | +€22,673 | +205% |
| Taxes | 450/3 | €11,041 | €33,714 | +€22,673 | +205% |
| Other amounts payable | 47/48 | - | €36,100 | +€36,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,099 | €15,696 | -€403 | -2.5% |
| Other operating charges | 640/8 | €1,787 | €1,599 | -€188 | -10.5% |
| Non-recurring operating charges | 66A | €224 | - | -€224 | |
| Gross operating margin | 9900 | €79,048 | €141,897 | +€62,849 | +79.5% |
| Operating profit (loss) | 9901 | €60,938 | €124,601 | +€63,664 | +104% |
| Financial income | 75/76B | €393 | €534 | +€142 | +36.1% |
| Recurring financial income | 75 | €393 | €534 | +€142 | +36.1% |
| Financial charges | 65/66B | €2,136 | €1,551 | -€584 | -27.4% |
| Recurring financial charges | 65 | €2,136 | €1,551 | -€584 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €59,195 | €123,585 | +€64,390 | +109% |
| Income taxes | 67/77 | €16,703 | €38,750 | +€22,047 | +132% |
| Profit (loss) for the period | 9904 | €42,491 | €84,835 | +€42,343 | +99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,491 | €84,835 | +€42,343 | +99.7% |
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 14 October 2026 via checked.be.