PARTAM: 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.
PARTAM
Largest movements
- Current investments +€2.0m
up €2.0m (+4,626%), from €43,971 to €2.1m
- Receivables after one year +€2.0m
up €2.0m (+200%), from €1.0m to €3.0m
- Tangible fixed assets +€913,712
up €913,712 (+70.3%), from €1.3m to €2.2m
of which Land and buildings: +€918,715
- Cash -€754,641
down €754,641 (-80.5%), from €937,933 to €183,292
mainly Current investments (-€2.0m) and Receivables after one year (-€2.0m)
- Contributions +€1.4m
up €1.4m (+2,159%), from €62,700 to €1.4m
- Other debts +€1.2m
up €1.2m (+3,500%), from €34,971 to €1.3m
- Profit (loss) carried forward +€1.1m
up €1.1m, from -€87,461 to €1.0m
- Provisions +€205,931
up €205,931 (+64.9%), from €317,533 to €523,464
of which Provisions for liabilities and charges: +€215,642
- Debts after one year +€200,045
up €200,045 (+60.7%), from €329,680 to €529,725
- Financial income +€254,061
up €254,061 (+639%), from €39,754 to €293,815
- Depreciation +€40,278
up €40,278 (+76.2%), from €52,849 to €93,127
- Financial charges +€37,086
up €37,086 (+227%), from €16,356 to €53,442
- Gross operating margin -€17,650
down €17,650 (-34.4%), from €51,276 to €33,626
- Other operating charges +€7,421
up €7,421 (+81.7%), from €9,083 to €16,504
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,300,179 | €7,547,331 | +€4.2m | +129% |
| Fixed assets | 21/28 | €1,300,204 | €2,216,452 | +€916,248 | +70.5% |
| Tangible fixed assets | 22/27 | €1,300,204 | €2,213,916 | +€913,712 | +70.3% |
| Land and buildings | 22 | €1,290,198 | €2,208,913 | +€918,715 | +71.2% |
| Furniture and vehicles | 24 | €10,006 | €5,003 | -€5,003 | -50.0% |
| Financial fixed assets | 28 | - | €2,536 | +€2,536 | |
| Current assets | 29/58 | €1,999,975 | €5,330,879 | +€3.3m | +167% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €3,000,000 | +€2.0m | +200% |
| Other amounts receivable | 291 | €1,000,000 | €3,000,000 | +€2.0m | +200% |
| Amounts receivable within one year | 40/41 | €10,988 | €20,832 | +€9,844 | +89.6% |
| Trade receivables | 40 | €5,988 | €2,464 | -€3,524 | -58.8% |
| Other amounts receivable | 41 | €5,000 | €18,368 | +€13,368 | +267% |
| Current investments | 50/53 | €43,971 | €2,078,134 | +€2.0m | +4,626% |
| Cash at bank and in hand | 54/58 | €937,933 | €183,292 | -€754,641 | -80.5% |
| Deferred charges and accrued income | 490/1 | €7,083 | €48,621 | +€41,538 | +586% |
| Total equity and liabilities | 10/49 | €3,300,179 | €7,547,331 | +€4.2m | +129% |
| Equity | 10/15 | €2,520,383 | €5,081,170 | +€2.6m | +102% |
| Contributions | 10/11 | €62,700 | €1,416,696 | +€1.4m | +2,159% |
| Capital | 10 | €62,700 | €1,416,696 | +€1.4m | +2,159% |
| Issued capital | 100 | €62,700 | €1,416,696 | +€1.4m | +2,159% |
| Reserves | 13 | €2,545,144 | €2,651,389 | +€106,245 | +4.2% |
| Non-distributable reserves | 130/1 | €6,270 | €141,683 | +€135,413 | +2,160% |
| Legal reserve | 130 | €6,270 | €141,669 | +€135,399 | +2,159% |
| Financial assistance | 1313 | - | €14 | +€14 | |
| Tax-exempt reserves | 132 | €1,698,622 | €1,669,453 | -€29,169 | -1.7% |
| Distributable reserves | 133 | €840,252 | €840,252 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€87,461 | €1,013,086 | +€1.1m | |
| Provisions and deferred taxes | 16 | €317,533 | €523,464 | +€205,931 | +64.9% |
| Provisions for liabilities and charges | 160/5 | - | €215,642 | +€215,642 | |
| Environmental obligations | 163 | - | €215,642 | +€215,642 | |
| Deferred taxes | 168 | €317,533 | €307,822 | -€9,711 | -3.1% |
| Amounts payable | 17/49 | €462,263 | €1,942,697 | +€1.5m | +320% |
| Amounts payable after more than one year | 17 | €329,680 | €529,725 | +€200,045 | +60.7% |
| Financial debts | 170/4 | €329,680 | €529,725 | +€200,045 | +60.7% |
| Amounts payable within one year | 42/48 | €132,360 | €1,396,358 | +€1.3m | +955% |
| Current portion of amounts payable after more than one year | 42 | €64,973 | €123,996 | +€59,023 | +90.8% |
| Trade debts | 44 | €29,439 | €9,416 | -€20,023 | -68.0% |
| Suppliers | 440/4 | €29,439 | €9,416 | -€20,023 | -68.0% |
| Taxes, remuneration and social security | 45 | €2,977 | €3,872 | +€895 | +30.1% |
| Remuneration and social security | 454/9 | €2,977 | €3,872 | +€895 | +30.1% |
| Other amounts payable | 47/48 | €34,971 | €1,259,074 | +€1.2m | +3,500% |
| Accrued charges and deferred income | 492/3 | €223 | €16,614 | +€16,391 | +7,350% |
| Remuneration, social security and pensions | 62 | €28,525 | €30,534 | +€2,009 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,849 | €93,127 | +€40,278 | +76.2% |
| Other operating charges | 640/8 | €9,083 | €16,504 | +€7,421 | +81.7% |
| Non-recurring operating charges | 66A | - | €151,839 | +€151,839 | |
| Gross operating margin | 9900 | €51,276 | €33,626 | -€17,650 | -34.4% |
| Operating profit (loss) | 9901 | -€39,181 | -€258,378 | -€219,197 | -559% |
| Financial income | 75/76B | €39,754 | €293,815 | +€254,061 | +639% |
| Recurring financial income | 75 | €39,754 | €293,815 | +€254,061 | +639% |
| Financial charges | 65/66B | €16,356 | €53,442 | +€37,086 | +227% |
| Recurring financial charges | 65 | €16,356 | €53,442 | +€37,086 | +227% |
| Profit (loss) for the period before taxes | 9903 | -€15,783 | -€18,006 | -€2,223 | -14.1% |
| Transfer from deferred taxes | 780 | €9,711 | €9,711 | +€0 | 0.0% |
| Income taxes | 67/77 | -€3,370 | €673 | +€4,043 | |
| Profit (loss) for the period | 9904 | -€2,702 | -€8,967 | -€6,265 | -232% |
| Transfer from tax-exempt reserves | 789 | €29,168 | €29,169 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,466 | €20,202 | -€6,264 | -23.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.