PARTNER SYSTEM: 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 SYSTEM
Largest movements
- Receivables within one year -€24,050
down €24,050 (-29.8%), from €80,714 to €56,664
of which Other amounts receivable: -€20,328
- Tangible fixed assets -€5,507
down €5,507 (-33.9%), from €16,226 to €10,720
of which Furniture and vehicles: -€5,500
- Cash -€3,255
down €3,255 (-7.9%), from €41,407 to €38,153
mainly Current portion of long-term debt (-€98,965) and Tax, wage and social debts (-€20,331)
- Current portion of long-term debt -€98,965
down €98,965 (-94.2%), from €105,076 to €6,111
- Short-term financial debts +€86,283
new in 2025: €86,283
- Tax, wage and social debts -€20,331
down €20,331 (-26.5%), from €76,628 to €56,298
of which Remuneration and social security: -€19,597
- Debts after one year -€6,111
down €6,111 (-100.0%), from €6,111 to €0
- Profit (loss) carried forward +€4,426
up €4,426 (+4.6%), from -€97,094 to -€92,668
- Staff costs -€283,968
down €283,968 (-39.5%), from €718,759 to €434,792
- Gross operating margin -€273,642
down €273,642 (-37.2%), from €735,366 to €461,724
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 | €139,017 | €105,867 | -€33,151 | -23.8% |
| Fixed assets | 21/28 | €16,226 | €10,720 | -€5,507 | -33.9% |
| Tangible fixed assets | 22/27 | €16,226 | €10,720 | -€5,507 | -33.9% |
| Plant, machinery and equipment | 23 | €1,168 | €1,161 | -€7 | -0.6% |
| Furniture and vehicles | 24 | €15,059 | €9,559 | -€5,500 | -36.5% |
| Current assets | 29/58 | €122,791 | €95,147 | -€27,644 | -22.5% |
| Amounts receivable within one year | 40/41 | €80,714 | €56,664 | -€24,050 | -29.8% |
| Trade receivables | 40 | €47,280 | €43,558 | -€3,722 | -7.9% |
| Other amounts receivable | 41 | €33,434 | €13,106 | -€20,328 | -60.8% |
| Cash at bank and in hand | 54/58 | €41,407 | €38,153 | -€3,255 | -7.9% |
| Deferred charges and accrued income | 490/1 | €670 | €330 | -€339 | -50.7% |
| Total equity and liabilities | 10/49 | €139,017 | €105,867 | -€33,151 | -23.8% |
| Equity | 10/15 | -€52,087 | -€47,661 | +€4,426 | +8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,407 | €26,407 | = | 0.0% |
| Distributable reserves | 133 | €26,407 | €26,407 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,094 | -€92,668 | +€4,426 | +4.6% |
| Amounts payable | 17/49 | €191,104 | €153,528 | -€37,576 | -19.7% |
| Amounts payable after more than one year | 17 | €6,111 | €0 | -€6,111 | -100.0% |
| Financial debts | 170/4 | €6,111 | €0 | -€6,111 | -100.0% |
| Amounts payable within one year | 42/48 | €184,993 | €153,528 | -€31,465 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €105,076 | €6,111 | -€98,965 | -94.2% |
| Financial debts | 43 | - | €86,283 | +€86,283 | |
| Credit institutions | 430/8 | - | €86,283 | +€86,283 | |
| Trade debts | 44 | €3,289 | €4,836 | +€1,547 | +47.0% |
| Suppliers | 440/4 | €3,289 | €4,836 | +€1,547 | +47.0% |
| Taxes, remuneration and social security | 45 | €76,628 | €56,298 | -€20,331 | -26.5% |
| Taxes | 450/3 | €5,255 | €4,521 | -€733 | -14.0% |
| Remuneration and social security | 454/9 | €71,374 | €51,776 | -€19,597 | -27.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €718,759 | €434,792 | -€283,968 | -39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,146 | €6,756 | -€390 | -5.5% |
| Other operating charges | 640/8 | €1,449 | €928 | -€521 | -36.0% |
| Gross operating margin | 9900 | €735,366 | €461,724 | -€273,642 | -37.2% |
| Operating profit (loss) | 9901 | €8,012 | €19,248 | +€11,236 | +140.2% |
| Financial income | 75/76B | €222 | €140 | -€82 | -36.9% |
| Recurring financial income | 75 | €222 | €140 | -€82 | -36.9% |
| Financial charges | 65/66B | €5,791 | €5,134 | -€657 | -11.4% |
| Recurring financial charges | 65 | €5,791 | €5,134 | -€657 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €2,442 | €14,254 | +€11,812 | +483.7% |
| Income taxes | 67/77 | €10,778 | €9,828 | -€950 | -8.8% |
| Profit (loss) for the period | 9904 | -€8,336 | €4,426 | +€12,762 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,336 | €4,426 | +€12,762 |
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 28 September 2026 via checked.be.