NR 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.
NR Partners
Largest movements
- Receivables within one year +€7,162
up €7,162 (+17.4%), from €41,202 to €48,364
of which Other amounts receivable: +€14,134
- Tangible fixed assets -€5,513
down €5,513 (-22.5%), from €24,505 to €18,991
of which Furniture and vehicles: -€3,768
- Reserves +€3,938
up €3,938 (+5.9%), from €66,862 to €70,800
- Short-term financial debts -€2,373
no longer reported in 2025 (was €2,373)
- Gross operating margin +€3,448
up €3,448 (+34.7%), from €9,939 to €13,387
- Depreciation +€1,865
up €1,865 (+34.0%), from €5,480 to €7,345
- Financial charges +€1,308
up €1,308 (+477%), from €274 to €1,582
- Taxes -€1,155
down €1,155 (-43.0%), from €2,687 to €1,532
- Other operating charges -€833
down €833 (-51.0%), from €1,633 to €800
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 | €76,213 | €77,182 | +€969 | +1.3% |
| Fixed assets | 21/28 | €24,505 | €18,991 | -€5,513 | -22.5% |
| Tangible fixed assets | 22/27 | €24,505 | €18,991 | -€5,513 | -22.5% |
| Land and buildings | 22 | €1,176 | €940 | -€235 | -20.0% |
| Plant, machinery and equipment | 23 | €4,786 | €4,017 | -€769 | -16.1% |
| Furniture and vehicles | 24 | €15,241 | €11,472 | -€3,768 | -24.7% |
| Other tangible fixed assets | 26 | €3,303 | €2,562 | -€741 | -22.4% |
| Current assets | 29/58 | €51,709 | €58,191 | +€6,482 | +12.5% |
| Amounts receivable within one year | 40/41 | €41,202 | €48,364 | +€7,162 | +17.4% |
| Trade receivables | 40 | €11,798 | €4,826 | -€6,972 | -59.1% |
| Other amounts receivable | 41 | €29,405 | €43,539 | +€14,134 | +48.1% |
| Cash at bank and in hand | 54/58 | €10,507 | €9,826 | -€680 | -6.5% |
| Total equity and liabilities | 10/49 | €76,213 | €77,182 | +€969 | +1.3% |
| Equity | 10/15 | €73,062 | €77,000 | +€3,938 | +5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,862 | €70,800 | +€3,938 | +5.9% |
| Distributable reserves | 133 | €66,862 | €70,800 | +€3,938 | +5.9% |
| Amounts payable | 17/49 | €3,151 | €182 | -€2,969 | -94.2% |
| Amounts payable within one year | 42/48 | €3,151 | €182 | -€2,969 | -94.2% |
| Financial debts | 43 | €2,373 | - | -€2,373 | |
| Credit institutions | 430/8 | €2,373 | - | -€2,373 | |
| Trade debts | 44 | €91 | €182 | +€91 | +99.4% |
| Suppliers | 440/4 | €91 | €182 | +€91 | +99.4% |
| Taxes, remuneration and social security | 45 | €687 | - | -€687 | |
| Taxes | 450/3 | €687 | - | -€687 | |
| Non-recurring operating income | 76A | - | €6,404 | +€6,404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,480 | €7,345 | +€1,865 | +34.0% |
| Other operating charges | 640/8 | €1,633 | €800 | -€833 | -51.0% |
| Gross operating margin | 9900 | €9,939 | €13,387 | +€3,448 | +34.7% |
| Operating profit (loss) | 9901 | €2,826 | €5,242 | +€2,416 | +85.5% |
| Financial income | 75/76B | €1,904 | €1,810 | -€94 | -4.9% |
| Recurring financial income | 75 | €1,904 | €1,810 | -€94 | -4.9% |
| Financial charges | 65/66B | €274 | €1,582 | +€1,308 | +477% |
| Recurring financial charges | 65 | €274 | €1,582 | +€1,308 | +477% |
| Profit (loss) for the period before taxes | 9903 | €4,456 | €5,470 | +€1,014 | +22.8% |
| Income taxes | 67/77 | €2,687 | €1,532 | -€1,155 | -43.0% |
| Profit (loss) for the period | 9904 | €1,769 | €3,938 | +€2,169 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €1,769 | €3,938 | +€2,169 | +123% |
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 24 October 2026 via checked.be.