PartenaiRH: 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.
PartenaiRH
Largest movements
- Cash +€34,207
up €34,207 (+62.9%), from €54,349 to €88,556
mainly Other debts (+€76,852) and Net result for the year (+€59,032)
- Receivables within one year -€9,515
down €9,515 (-100%), from €9,515 to €0
of which Trade receivables: -€8,331
- Deferred charges and accrued income +€1,031
up €1,031 (+63.3%), from €1,629 to €2,660
- Other debts +€76,852
up €76,852 (+2,413%), from €3,185 to €80,037
- Profit (loss) carried forward -€45,548
no longer reported in 2025 (was €45,548)
- Tax, wage and social debts -€5,568
down €5,568 (-31.6%), from €17,625 to €12,056
of which Taxes: -€3,268
- Gross operating margin +€34,103
up €34,103 (+76.1%), from €44,791 to €78,894
- Taxes +€6,862
up €6,862 (+73.7%), from €9,316 to €16,178
- Depreciation -€2,463
down €2,463 (-58.1%), from €4,238 to €1,776
- Financial charges +€902
up €902 (+427%), from €211 to €1,113
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 | €69,911 | €95,380 | +€25,469 | +36.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,418 | €4,163 | -€255 | -5.8% |
| Tangible fixed assets | 22/27 | €4,418 | €4,163 | -€255 | -5.8% |
| Furniture and vehicles | 24 | €1,423 | €212 | -€1,211 | -85.1% |
| Other tangible fixed assets | 26 | €2,995 | €3,951 | +€956 | +31.9% |
| Current assets | 29/58 | €65,493 | €91,217 | +€25,724 | +39.3% |
| Amounts receivable within one year | 40/41 | €9,515 | €0 | -€9,515 | -100% |
| Trade receivables | 40 | €8,331 | - | -€8,331 | |
| Other amounts receivable | 41 | €1,184 | €0 | -€1,184 | -100% |
| Cash at bank and in hand | 54/58 | €54,349 | €88,556 | +€34,207 | +62.9% |
| Deferred charges and accrued income | 490/1 | €1,629 | €2,660 | +€1,031 | +63.3% |
| Total equity and liabilities | 10/49 | €69,911 | €95,380 | +€25,469 | +36.4% |
| Equity | 10/15 | €47,548 | €2,000 | -€45,548 | -95.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,548 | - | -€45,548 | |
| Amounts payable | 17/49 | €22,363 | €93,380 | +€71,017 | +318% |
| Amounts payable within one year | 42/48 | €22,363 | €93,380 | +€71,017 | +318% |
| Trade debts | 44 | €1,553 | €1,286 | -€267 | -17.2% |
| Suppliers | 440/4 | €1,553 | €1,286 | -€267 | -17.2% |
| Taxes, remuneration and social security | 45 | €17,625 | €12,056 | -€5,568 | -31.6% |
| Taxes | 450/3 | €15,325 | €12,056 | -€3,268 | -21.3% |
| Remuneration and social security | 454/9 | €2,300 | - | -€2,300 | |
| Other amounts payable | 47/48 | €3,185 | €80,037 | +€76,852 | +2,413% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,238 | €1,776 | -€2,463 | -58.1% |
| Other operating charges | 640/8 | €852 | €798 | -€54 | -6.3% |
| Gross operating margin | 9900 | €44,791 | €78,894 | +€34,103 | +76.1% |
| Operating profit (loss) | 9901 | €39,700 | €76,320 | +€36,620 | +92.2% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €211 | €1,113 | +€902 | +427% |
| Recurring financial charges | 65 | €211 | €1,113 | +€902 | +427% |
| Profit (loss) for the period before taxes | 9903 | €39,489 | €75,209 | +€35,721 | +90.5% |
| Income taxes | 67/77 | €9,316 | €16,178 | +€6,862 | +73.7% |
| Profit (loss) for the period | 9904 | €30,173 | €59,032 | +€28,859 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,173 | €59,032 | +€28,859 | +95.6% |
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 21 October 2026 via checked.be.