Partner4HR: 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.
Partner4HR
Largest movements
- Receivables within one year -€38,955
down €38,955 (-18.5%), from €210,276 to €171,321
of which Other amounts receivable: -€49,647
- Tangible fixed assets +€20,331
up €20,331 (+981%), from €2,072 to €22,403
- Cash +€13,037
up €13,037 (+125%), from €10,398 to €23,435
mainly Debts after one year (+€95,880) and Receivables within one year (+€38,955)
- Other debts -€117,671
no longer reported in 2025 (was €117,671)
- Debts after one year +€95,880
new in 2025: €95,880
- Tax, wage and social debts -€17,733
down €17,733 (-66.7%), from €26,579 to €8,846
- Current portion of long-term debt +€17,626
up €17,626 (+140%), from €12,557 to €30,183
- Trade debts +€15,151
up €15,151 (+256%), from €5,922 to €21,073
- Gross operating margin -€78,066
down €78,066 (-85.6%), from €91,179 to €13,112
- Taxes -€16,346
down €16,346 (-73.1%), from €22,360 to €6,015
- Financial charges +€5,376
up €5,376 (+471%), from €1,143 to €6,518
- Financial income +€1,729
up €1,729 (+19.5%), from €8,867 to €10,596
of which Financial income: +€1,869
- Other operating charges +€1,500
up €1,500 (+3,000%), from €50 to €1,550
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.
Derived cash bridge
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 | €223,836 | €217,159 | -€6,677 | -3.0% |
| Fixed assets | 21/28 | €2,072 | €22,403 | +€20,331 | +981% |
| Tangible fixed assets | 22/27 | €2,072 | €22,403 | +€20,331 | +981% |
| Furniture and vehicles | 24 | €2,072 | €22,403 | +€20,331 | +981% |
| Current assets | 29/58 | €221,764 | €194,755 | -€27,008 | -12.2% |
| Amounts receivable within one year | 40/41 | €210,276 | €171,321 | -€38,955 | -18.5% |
| Trade receivables | 40 | €15,023 | €25,714 | +€10,692 | +71.2% |
| Other amounts receivable | 41 | €195,253 | €145,607 | -€49,647 | -25.4% |
| Cash at bank and in hand | 54/58 | €10,398 | €23,435 | +€13,037 | +125% |
| Deferred charges and accrued income | 490/1 | €1,090 | - | -€1,090 | |
| Total equity and liabilities | 10/49 | €223,836 | €217,159 | -€6,677 | -3.0% |
| Equity | 10/15 | €61,107 | €61,177 | +€70 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,507 | €42,507 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €40,647 | €40,647 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €70 | +€70 | |
| Amounts payable | 17/49 | €162,729 | €155,982 | -€6,747 | -4.1% |
| Amounts payable after more than one year | 17 | - | €95,880 | +€95,880 | |
| Financial debts | 170/4 | - | €95,880 | +€95,880 | |
| Amounts payable within one year | 42/48 | €162,729 | €60,102 | -€102,627 | -63.1% |
| Current portion of amounts payable after more than one year | 42 | €12,557 | €30,183 | +€17,626 | +140% |
| Trade debts | 44 | €5,922 | €21,073 | +€15,151 | +256% |
| Suppliers | 440/4 | €5,922 | €21,073 | +€15,151 | +256% |
| Taxes, remuneration and social security | 45 | €26,579 | €8,846 | -€17,733 | -66.7% |
| Taxes | 450/3 | €26,579 | €8,846 | -€17,733 | -66.7% |
| Other amounts payable | 47/48 | €117,671 | - | -€117,671 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,196 | €2,556 | +€1,360 | +114% |
| Other operating charges | 640/8 | €50 | €1,550 | +€1,500 | +3,000% |
| Gross operating margin | 9900 | €91,179 | €13,112 | -€78,066 | -85.6% |
| Operating profit (loss) | 9901 | €89,933 | €9,007 | -€80,926 | -90.0% |
| Financial income | 75/76B | €8,867 | €10,596 | +€1,729 | +19.5% |
| Recurring financial income | 75 | €8,727 | €10,596 | +€1,869 | +21.4% |
| Non-recurring financial income | 76B | €140 | - | -€140 | |
| Financial charges | 65/66B | €1,143 | €6,518 | +€5,376 | +471% |
| Recurring financial charges | 65 | €1,143 | €6,518 | +€5,376 | +471% |
| Profit (loss) for the period before taxes | 9903 | €97,657 | €13,084 | -€84,573 | -86.6% |
| Income taxes | 67/77 | €22,360 | €6,015 | -€16,346 | -73.1% |
| Profit (loss) for the period | 9904 | €75,297 | €7,070 | -€68,227 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,297 | €7,070 | -€68,227 | -90.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.