PARTNER CONSTRUCT: 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.
PARTNER CONSTRUCT
Largest movements
- Receivables within one year -€21,503
down €21,503 (-23.0%), from €93,535 to €72,032
of which Trade receivables: -€27,227
- Cash -€18,696
no longer reported in 2025 (was €18,696)
mainly Debts after one year (-€23,778) and Trade debts (-€14,936)
- Tangible fixed assets -€11,865
down €11,865 (-14.4%), from €82,174 to €70,309
of which Furniture and vehicles: -€11,107
- Debts after one year -€23,778
down €23,778 (-30.9%), from €76,892 to €53,114
- Trade debts -€14,936
down €14,936 (-36.6%), from €40,790 to €25,854
- Profit (loss) carried forward -€14,730
down €14,730 (-77.0%), from -€19,126 to -€33,856
- Gross operating margin -€5,701
down €5,701 (-80.3%), from €7,096 to €1,395
- Financial charges -€651
down €651 (-19.5%), from €3,334 to €2,683
- Financial income +€313
up €313 (+3470.0%), from €9 to €322
- Other operating charges +€80
up €80 (+4.9%), from €1,638 to €1,718
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 | €199,649 | €147,586 | -€52,064 | -26.1% |
| Fixed assets | 21/28 | €82,419 | €70,554 | -€11,865 | -14.4% |
| Tangible fixed assets | 22/27 | €82,174 | €70,309 | -€11,865 | -14.4% |
| Plant, machinery and equipment | 23 | €1,474 | €716 | -€758 | -51.4% |
| Furniture and vehicles | 24 | €80,700 | €69,593 | -€11,107 | -13.8% |
| Financial fixed assets | 28 | €245 | €245 | = | 0.0% |
| Current assets | 29/58 | €117,230 | €77,032 | -€40,199 | -34.3% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €93,535 | €72,032 | -€21,503 | -23.0% |
| Trade receivables | 40 | €85,217 | €57,990 | -€27,227 | -32.0% |
| Other amounts receivable | 41 | €8,318 | €14,042 | +€5,724 | +68.8% |
| Cash at bank and in hand | 54/58 | €18,696 | - | -€18,696 | |
| Total equity and liabilities | 10/49 | €199,649 | €147,586 | -€52,064 | -26.1% |
| Equity | 10/15 | €64,153 | €49,423 | -€14,730 | -23.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €21,278 | €21,278 | = | 0.0% |
| Distributable reserves | 133 | €21,278 | €21,278 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,126 | -€33,856 | -€14,730 | -77.0% |
| Amounts payable | 17/49 | €135,497 | €98,163 | -€37,334 | -27.6% |
| Amounts payable after more than one year | 17 | €76,892 | €53,114 | -€23,778 | -30.9% |
| Financial debts | 170/4 | €76,892 | €53,114 | -€23,778 | -30.9% |
| Amounts payable within one year | 42/48 | €58,604 | €45,049 | -€13,556 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €17,708 | €18,494 | +€786 | +4.4% |
| Financial debts | 43 | - | €701 | +€701 | |
| Credit institutions | 430/8 | - | €701 | +€701 | |
| Trade debts | 44 | €40,790 | €25,854 | -€14,936 | -36.6% |
| Suppliers | 440/4 | €40,790 | €25,854 | -€14,936 | -36.6% |
| Taxes, remuneration and social security | 45 | €106 | - | -€106 | |
| Taxes | 450/3 | €106 | - | -€106 | |
| Remuneration, social security and pensions | 62 | €165 | €180 | +€15 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,865 | €11,865 | = | 0.0% |
| Other operating charges | 640/8 | €1,638 | €1,718 | +€80 | +4.9% |
| Gross operating margin | 9900 | €7,096 | €1,395 | -€5,701 | -80.3% |
| Operating profit (loss) | 9901 | -€6,572 | -€12,368 | -€5,796 | -88.2% |
| Financial income | 75/76B | €9 | €322 | +€313 | +3470.0% |
| Recurring financial income | 75 | €9 | €322 | +€313 | +3470.0% |
| Financial charges | 65/66B | €3,334 | €2,683 | -€651 | -19.5% |
| Recurring financial charges | 65 | €3,334 | €2,683 | -€651 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,897 | -€14,730 | -€4,833 | -48.8% |
| Profit (loss) for the period | 9904 | -€9,897 | -€14,730 | -€4,833 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,897 | -€14,730 | -€4,833 | -48.8% |
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 10 October 2026 via checked.be.