Partner4Growth: 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.
Partner4Growth
Largest movements
- Receivables within one year -€4,133
down €4,133 (-11.9%), from €34,856 to €30,724
of which Other amounts receivable: -€4,133
- Formation expenses -€422
down €422 (-31.6%), from €1,338 to €915
- Profit (loss) carried forward -€2,635
down €2,635 (-6.8%), from -€38,954 to -€41,589
- Trade debts -€2,136
down €2,136 (-18.6%), from €11,500 to €9,364
- Staff costs -€24,566
down €24,566 (-100.0%), from €24,566 to €0
- Gross operating margin -€18,966
down €18,966, from €17,100 to -€1,866
- Financial charges -€7,828
down €7,828 (-97.3%), from €8,047 to €219
- Financial income -€881
down €881 (-100.0%), from €881 to €0
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 | €36,302 | €31,659 | -€4,643 | -12.8% |
| Formation expenses | 20 | €1,338 | €915 | -€422 | -31.6% |
| Current assets | 29/58 | €34,964 | €30,744 | -€4,220 | -12.1% |
| Amounts receivable within one year | 40/41 | €34,856 | €30,724 | -€4,133 | -11.9% |
| Trade receivables | 40 | €3,348 | €3,348 | = | 0.0% |
| Other amounts receivable | 41 | €31,508 | €27,376 | -€4,133 | -13.1% |
| Cash at bank and in hand | 54/58 | €108 | €20 | -€88 | -81.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €36,302 | €31,659 | -€4,643 | -12.8% |
| Equity | 10/15 | €23,546 | €20,911 | -€2,635 | -11.2% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,954 | -€41,589 | -€2,635 | -6.8% |
| Amounts payable | 17/49 | €12,756 | €10,749 | -€2,008 | -15.7% |
| Amounts payable within one year | 42/48 | €12,756 | €10,749 | -€2,008 | -15.7% |
| Trade debts | 44 | €11,500 | €9,364 | -€2,136 | -18.6% |
| Suppliers | 440/4 | €11,500 | €9,364 | -€2,136 | -18.6% |
| Taxes, remuneration and social security | 45 | €72 | €201 | +€129 | +179.2% |
| Taxes | 450/3 | €72 | €201 | +€129 | +179.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,185 | €1,185 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €24,566 | €0 | -€24,566 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €422 | €422 | = | 0.0% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €17,100 | -€1,866 | -€18,966 | |
| Operating profit (loss) | 9901 | -€8,014 | -€2,416 | +€5,598 | +69.9% |
| Financial income | 75/76B | €881 | €0 | -€881 | -100.0% |
| Recurring financial income | 75 | €881 | €0 | -€881 | -100.0% |
| Financial charges | 65/66B | €8,047 | €219 | -€7,828 | -97.3% |
| Recurring financial charges | 65 | €8,047 | €219 | -€7,828 | -97.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,181 | -€2,635 | +€12,546 | +82.6% |
| Income taxes | 67/77 | €25 | €0 | -€25 | -100.0% |
| Profit (loss) for the period | 9904 | -€15,206 | -€2,635 | +€12,571 | +82.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,206 | -€2,635 | +€12,571 | +82.7% |
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 12 October 2026 via checked.be.