PARTNER LOGISTIC: 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 LOGISTIC
Largest movements
- Tangible fixed assets -€61,619
down €61,619 (-28.3%), from €217,480 to €155,861
of which Furniture and vehicles: -€48,849
- Receivables within one year +€50,267
up €50,267 (+45.3%), from €110,916 to €161,183
of which Trade receivables: +€49,217
- Cash +€32,871
up €32,871 (+16832.6%), from €195 to €33,066
mainly Depreciation (+€61,619) and Short-term financial debts (+€40,662)
- Short-term financial debts +€40,662
up €40,662 (+74.8%), from €54,338 to €95,000
- Profit (loss) carried forward -€16,101
down €16,101, from €5,158 to -€10,943
- Trade debts +€15,956
up €15,956 (+22.8%), from €69,882 to €85,838
- Tax, wage and social debts -€11,252
down €11,252 (-20.0%), from €56,250 to €44,998
of which Taxes: -€7,861
- Debts after one year -€7,808
down €7,808 (-27.2%), from €28,682 to €20,874
- Gross operating margin -€40,353
down €40,353 (-9.4%), from €428,507 to €388,154
- Staff costs -€20,964
down €20,964 (-5.9%), from €357,293 to €336,329
- Provisions -€7,928
down €7,928, from €4,536 to -€3,392
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 | €331,857 | €353,574 | +€21,718 | +6.5% |
| Fixed assets | 21/28 | €217,480 | €155,861 | -€61,619 | -28.3% |
| Tangible fixed assets | 22/27 | €217,480 | €155,861 | -€61,619 | -28.3% |
| Furniture and vehicles | 24 | €159,997 | €111,148 | -€48,849 | -30.5% |
| Leasing and similar rights | 25 | €49,609 | €38,102 | -€11,506 | -23.2% |
| Other tangible fixed assets | 26 | €7,875 | €6,611 | -€1,263 | -16.0% |
| Current assets | 29/58 | €114,376 | €197,713 | +€83,337 | +72.9% |
| Amounts receivable within one year | 40/41 | €110,916 | €161,183 | +€50,267 | +45.3% |
| Trade receivables | 40 | €110,916 | €160,133 | +€49,217 | +44.4% |
| Other amounts receivable | 41 | - | €1,050 | +€1,050 | |
| Cash at bank and in hand | 54/58 | €195 | €33,066 | +€32,871 | +16832.6% |
| Deferred charges and accrued income | 490/1 | €3,265 | €3,464 | +€199 | +6.1% |
| Total equity and liabilities | 10/49 | €331,857 | €353,574 | +€21,718 | +6.5% |
| Equity | 10/15 | €115,158 | €99,057 | -€16,101 | -14.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,158 | -€10,943 | -€16,101 | |
| Amounts payable | 17/49 | €216,698 | €254,517 | +€37,819 | +17.5% |
| Amounts payable after more than one year | 17 | €28,682 | €20,874 | -€7,808 | -27.2% |
| Financial debts | 170/4 | €28,682 | €20,874 | -€7,808 | -27.2% |
| Amounts payable within one year | 42/48 | €188,017 | €233,643 | +€45,627 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €7,546 | €7,808 | +€262 | +3.5% |
| Financial debts | 43 | €54,338 | €95,000 | +€40,662 | +74.8% |
| Credit institutions | 430/8 | €54,338 | €95,000 | +€40,662 | +74.8% |
| Trade debts | 44 | €69,882 | €85,838 | +€15,956 | +22.8% |
| Suppliers | 440/4 | €69,882 | €85,838 | +€15,956 | +22.8% |
| Taxes, remuneration and social security | 45 | €56,250 | €44,998 | -€11,252 | -20.0% |
| Taxes | 450/3 | €14,409 | €6,549 | -€7,861 | -54.6% |
| Remuneration and social security | 454/9 | €41,841 | €38,449 | -€3,392 | -8.1% |
| Remuneration, social security and pensions | 62 | €357,293 | €336,329 | -€20,964 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,035 | €61,619 | +€3,584 | +6.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,536 | -€3,392 | -€7,928 | |
| Other operating charges | 640/8 | €2,798 | €1,386 | -€1,412 | -50.5% |
| Gross operating margin | 9900 | €428,507 | €388,154 | -€40,353 | -9.4% |
| Operating profit (loss) | 9901 | €5,845 | -€7,787 | -€13,632 | |
| Financial income | 75/76B | €6 | €0 | -€6 | -93.7% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -93.7% |
| Financial charges | 65/66B | €4,335 | €8,044 | +€3,709 | +85.6% |
| Recurring financial charges | 65 | €4,335 | €8,044 | +€3,709 | +85.6% |
| Profit (loss) for the period before taxes | 9903 | €1,517 | -€15,831 | -€17,348 | |
| Income taxes | 67/77 | €222 | €270 | +€48 | +21.5% |
| Profit (loss) for the period | 9904 | €1,294 | -€16,101 | -€17,396 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,294 | -€16,101 | -€17,396 |
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 11 October 2026 via checked.be.