PARTEM: 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.
PARTEM
Largest movements
- Cash -€7,738
down €7,738 (-99.8%), from €7,757 to €19
mainly Net result for the year (-€12,483) and Tax, wage and social debts (-€8,617)
- Receivables within one year -€3,956
down €3,956 (-58.2%), from €6,800 to €2,843
of which Other amounts receivable: -€3,956
- Tangible fixed assets -€751
down €751 (-49.9%), from €1,505 to €755
- Formation expenses -€569
down €569 (-79.3%), from €718 to €148
- Profit (loss) carried forward -€12,483
down €12,483 (-17.5%), from -€71,160 to -€83,643
- Tax, wage and social debts -€8,617
down €8,617 (-100%), from €8,617 to €0
- Other debts +€8,317
new in 2025: €8,317
- Trade debts -€231
down €231 (-10.8%), from €2,138 to €1,907
- Gross operating margin +€58,828
up €58,828 (+84.8%), from -€69,381 to -€10,553
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 | €16,779 | €3,765 | -€13,014 | -77.6% |
| Formation expenses | 20 | €718 | €148 | -€569 | -79.3% |
| Fixed assets | 21/28 | €1,505 | €755 | -€751 | -49.9% |
| Tangible fixed assets | 22/27 | €1,505 | €755 | -€751 | -49.9% |
| Furniture and vehicles | 24 | €1,505 | €755 | -€751 | -49.9% |
| Current assets | 29/58 | €14,556 | €2,862 | -€11,694 | -80.3% |
| Amounts receivable within one year | 40/41 | €6,800 | €2,843 | -€3,956 | -58.2% |
| Trade receivables | 40 | €1,554 | €1,554 | = | 0.0% |
| Other amounts receivable | 41 | €5,246 | €1,289 | -€3,956 | -75.4% |
| Cash at bank and in hand | 54/58 | €7,757 | €19 | -€7,738 | -99.8% |
| Total equity and liabilities | 10/49 | €16,779 | €3,765 | -€13,014 | -77.6% |
| Equity | 10/15 | €6,024 | -€6,459 | -€12,483 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €75,184 | €75,184 | = | 0.0% |
| Distributable reserves | 133 | €75,184 | €75,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,160 | -€83,643 | -€12,483 | -17.5% |
| Amounts payable | 17/49 | €10,755 | €10,224 | -€531 | -4.9% |
| Amounts payable within one year | 42/48 | €10,755 | €10,224 | -€531 | -4.9% |
| Trade debts | 44 | €2,138 | €1,907 | -€231 | -10.8% |
| Suppliers | 440/4 | €2,138 | €1,907 | -€231 | -10.8% |
| Taxes, remuneration and social security | 45 | €8,617 | €0 | -€8,617 | -100% |
| Taxes | 450/3 | €8,617 | €0 | -€8,617 | -100% |
| Other amounts payable | 47/48 | - | €8,317 | +€8,317 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,556 | €1,320 | -€236 | -15.2% |
| Other operating charges | 640/8 | - | €460 | +€460 | |
| Gross operating margin | 9900 | -€69,381 | -€10,553 | +€58,828 | +84.8% |
| Operating profit (loss) | 9901 | -€70,938 | -€12,333 | +€58,605 | +82.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €222 | €150 | -€72 | -32.5% |
| Recurring financial charges | 65 | €222 | €150 | -€72 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | -€71,160 | -€12,483 | +€58,677 | +82.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€71,160 | -€12,483 | +€58,677 | +82.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,160 | -€12,483 | +€58,677 | +82.5% |
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 25 October 2026 via checked.be.