PARTNER'S: 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.
PARTNER'S
Largest movements
- Tangible fixed assets +€41,960
up €41,960 (+161.3%), from €26,006 to €67,966
of which Furniture and vehicles: +€42,900
- Cash +€25,192
up €25,192 (+465.2%), from €5,415 to €30,607
mainly Short-term financial debts (+€22,610) and Depreciation (+€22,139)
- Receivables within one year -€19,301
down €19,301 (-49.1%), from €39,341 to €20,040
of which Trade receivables: -€21,267
- Stocks and contracts -€18,250
down €18,250 (-34.7%), from €52,550 to €34,300
- Short-term financial debts +€22,610
up €22,610 (+81.5%), from €27,755 to €50,365
- Trade debts -€18,217
down €18,217 (-47.4%), from €38,406 to €20,189
- Debts after one year +€13,131
up €13,131 (+91.7%), from €14,322 to €27,454
- Profit (loss) carried forward +€9,807
up €9,807 (+47.1%), from €20,810 to €30,617
- Other debts -€4,544
no longer reported in 2025 (was €4,544)
- Turnover -€408,047
no longer reported in 2025 (was €408,047)
- Purchases and services -€315,835
no longer reported in 2025 (was €315,835)
- Staff costs -€14,461
down €14,461 (-19.2%), from €75,135 to €60,674
- Depreciation +€11,041
up €11,041 (+99.5%), from €11,098 to €22,139
- Other operating charges +€7,766
up €7,766 (+214.1%), from €3,628 to €11,393
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 | €124,430 | €153,201 | +€28,770 | +23.1% |
| Fixed assets | 21/28 | €26,006 | €67,966 | +€41,960 | +161.3% |
| Tangible fixed assets | 22/27 | €26,006 | €67,966 | +€41,960 | +161.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €24,888 | €67,788 | +€42,900 | +172.4% |
| Other tangible fixed assets | 26 | €1,118 | €178 | -€940 | -84.1% |
| Current assets | 29/58 | €98,424 | €85,235 | -€13,189 | -13.4% |
| Stocks and contracts in progress | 3 | €52,550 | €34,300 | -€18,250 | -34.7% |
| Stocks | 30/36 | €52,550 | €34,300 | -€18,250 | -34.7% |
| Amounts receivable within one year | 40/41 | €39,341 | €20,040 | -€19,301 | -49.1% |
| Trade receivables | 40 | €34,233 | €12,966 | -€21,267 | -62.1% |
| Other amounts receivable | 41 | €5,108 | €7,073 | +€1,966 | +38.5% |
| Cash at bank and in hand | 54/58 | €5,415 | €30,607 | +€25,192 | +465.2% |
| Deferred charges and accrued income | 490/1 | €1,119 | €289 | -€830 | -74.2% |
| Total equity and liabilities | 10/49 | €124,430 | €153,201 | +€28,770 | +23.1% |
| Equity | 10/15 | €35,810 | €45,617 | +€9,807 | +27.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,810 | €30,617 | +€9,807 | +47.1% |
| Amounts payable | 17/49 | €88,621 | €107,584 | +€18,964 | +21.4% |
| Amounts payable after more than one year | 17 | €14,322 | €27,454 | +€13,131 | +91.7% |
| Financial debts | 170/4 | €14,322 | €27,454 | +€13,131 | +91.7% |
| Amounts payable within one year | 42/48 | €74,298 | €80,130 | +€5,832 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | - | €4,368 | +€4,368 | |
| Financial debts | 43 | €27,755 | €50,365 | +€22,610 | +81.5% |
| Credit institutions | 430/8 | €27,755 | €50,365 | +€22,610 | +81.5% |
| Trade debts | 44 | €38,406 | €20,189 | -€18,217 | -47.4% |
| Suppliers | 440/4 | €38,406 | €20,189 | -€18,217 | -47.4% |
| Taxes, remuneration and social security | 45 | €3,593 | €5,208 | +€1,615 | +45.0% |
| Taxes | 450/3 | €0 | €227 | +€227 | |
| Remuneration and social security | 454/9 | €3,593 | €4,981 | +€1,388 | +38.6% |
| Other amounts payable | 47/48 | €4,544 | - | -€4,544 | |
| Turnover | 70 | €408,047 | - | -€408,047 | |
| Goods, raw materials, services and sundry goods | 60/61 | €315,835 | - | -€315,835 | |
| Remuneration, social security and pensions | 62 | €75,135 | €60,674 | -€14,461 | -19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,098 | €22,139 | +€11,041 | +99.5% |
| Other operating charges | 640/8 | €3,628 | €11,393 | +€7,766 | +214.1% |
| Gross operating margin | 9900 | €114,910 | €113,073 | -€1,837 | -1.6% |
| Operating profit (loss) | 9901 | €25,050 | €18,867 | -€6,183 | -24.7% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €9,722 | €6,980 | -€2,742 | -28.2% |
| Recurring financial charges | 65 | €9,722 | €6,980 | -€2,742 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €15,328 | €11,928 | -€3,401 | -22.2% |
| Income taxes | 67/77 | - | €2,121 | +€2,121 | |
| Profit (loss) for the period | 9904 | €15,328 | €9,807 | -€5,521 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,328 | €9,807 | -€5,521 | -36.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.