PARTENOS: what changed
Two fiscal 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.
PARTENOS
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€11,521
down €11,521 (-17.3%), from €66,610 to €55,089
- Trade debts +€7,196
new in 2025: €7,196
- Reserves +€5,068
new in 2025: €5,068
- Current portion of long-term debt +€2,086
up €2,086 (+55.7%), from €3,744 to €5,830
- Contributions -€2,000
down €2,000 (-9.1%), from €22,000 to €20,000
- Gross operating margin +€6,043
up €6,043 (+102.5%), from €5,896 to €11,939
- Financial charges +€1,550
up €1,550 (+378.4%), from €410 to €1,959
- Taxes +€1,488
up €1,488 (+1432.6%), from €104 to €1,592
- Other operating charges -€572
down €572 (-23.7%), from €2,418 to €1,846
- Depreciation +€237
up €237 (+7.3%), from €3,237 to €3,474
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.
Cash bridge derived
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 | €107,626 | €109,588 | +€1,962 | +1.8% |
| Fixed assets | 21/28 | €88,079 | €88,625 | +€546 | +0.6% |
| Tangible fixed assets | 22/27 | €88,079 | €88,625 | +€546 | +0.6% |
| Land and buildings | 22 | €87,410 | €87,083 | -€326 | -0.4% |
| Plant, machinery and equipment | 23 | €669 | €1,541 | +€872 | +130.2% |
| Current assets | 29/58 | €19,547 | €20,964 | +€1,416 | +7.2% |
| Stocks and contracts in progress | 3 | - | €715 | +€715 | |
| Stocks | 30/36 | - | €715 | +€715 | |
| Amounts receivable within one year | 40/41 | €19,277 | €19,745 | +€469 | +2.4% |
| Trade receivables | 40 | - | €5,890 | +€5,890 | |
| Other amounts receivable | 41 | €19,277 | €13,855 | -€5,422 | -28.1% |
| Cash at bank and in hand | 54/58 | €271 | €504 | +€233 | +85.9% |
| Total equity and liabilities | 10/49 | €107,626 | €109,588 | +€1,962 | +1.8% |
| Equity | 10/15 | €36,642 | €39,710 | +€3,068 | +8.4% |
| Contributions | 10/11 | €22,000 | €20,000 | -€2,000 | -9.1% |
| Reserves | 13 | - | €5,068 | +€5,068 | |
| Distributable reserves | 133 | - | €5,068 | +€5,068 | |
| Profit (loss) carried forward | 14 | €14,642 | €14,642 | = | 0.0% |
| Amounts payable | 17/49 | €70,984 | €69,878 | -€1,106 | -1.6% |
| Amounts payable after more than one year | 17 | €66,610 | €55,089 | -€11,521 | -17.3% |
| Financial debts | 170/4 | €66,610 | €55,089 | -€11,521 | -17.3% |
| Amounts payable within one year | 42/48 | €4,375 | €14,790 | +€10,415 | +238.1% |
| Current portion of amounts payable after more than one year | 42 | €3,744 | €5,830 | +€2,086 | +55.7% |
| Trade debts | 44 | - | €7,196 | +€7,196 | |
| Suppliers | 440/4 | - | €7,196 | +€7,196 | |
| Taxes, remuneration and social security | 45 | €630 | €1,763 | +€1,133 | +179.7% |
| Taxes | 450/3 | €630 | €1,763 | +€1,133 | +179.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,237 | €3,474 | +€237 | +7.3% |
| Other operating charges | 640/8 | €2,418 | €1,846 | -€572 | -23.7% |
| Gross operating margin | 9900 | €5,896 | €11,939 | +€6,043 | +102.5% |
| Operating profit (loss) | 9901 | €241 | €6,619 | +€6,378 | +2650.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €410 | €1,959 | +€1,550 | +378.4% |
| Recurring financial charges | 65 | €410 | €1,959 | +€1,550 | +378.4% |
| Profit (loss) for the period before taxes | 9903 | -€169 | €4,660 | +€4,829 | |
| Income taxes | 67/77 | €104 | €1,592 | +€1,488 | +1432.6% |
| Profit (loss) for the period | 9904 | -€273 | €3,068 | +€3,341 | |
| Profit (loss) for the period to be appropriated | 9905 | -€273 | €3,068 | +€3,341 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.