PARTNERS: 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.
PARTNERS
Largest movements
- Cash -€104,109
down €104,109 (-54.6%), from €190,571 to €86,462
mainly Net result for the year (-€143,145) and Deferred charges and accrued income (-€28,940)
- Deferred charges and accrued income +€28,940
up €28,940 (+2559.1%), from €1,131 to €30,071
- Tangible fixed assets -€23,347
down €23,347 (-28.5%), from €81,786 to €58,439
of which Furniture and vehicles: -€22,519
- Receivables within one year -€17,076
down €17,076 (-28.2%), from €60,555 to €43,479
of which Trade receivables: -€24,805
- Profit (loss) carried forward -€143,145
down €143,145 (-76.0%), from €188,365 to €45,220
- Trade debts +€36,246
up €36,246 (+513.8%), from €7,054 to €43,300
- Tax, wage and social debts +€21,203
up €21,203 (+134.2%), from €15,801 to €37,004
of which Remuneration and social security: +€14,686
- Other debts -€16,979
no longer reported in 2025 (was €16,979)
- Debts after one year -€13,536
down €13,536 (-25.6%), from €52,918 to €39,382
- Gross operating margin -€127,376
down €127,376 (-34.4%), from €370,036 to €242,660
- Financial charges +€36,516
up €36,516 (+2125.6%), from €1,718 to €38,234
of which Non-recurring financial charges: +€33,339
- Taxes -€12,295
down €12,295, from €12,047 to -€248
- Depreciation +€9,024
up €9,024 (+76.5%), from €11,792 to €20,816
- Staff costs +€8,959
up €8,959 (+2.8%), from €317,173 to €326,132
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 | €340,443 | €224,851 | -€115,592 | -34.0% |
| Fixed assets | 21/28 | €86,286 | €62,939 | -€23,347 | -27.1% |
| Tangible fixed assets | 22/27 | €81,786 | €58,439 | -€23,347 | -28.5% |
| Plant, machinery and equipment | 23 | €1,880 | €1,052 | -€828 | -44.1% |
| Furniture and vehicles | 24 | €79,906 | €57,387 | -€22,519 | -28.2% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €254,157 | €161,912 | -€92,245 | -36.3% |
| Amounts receivable after more than one year | 29 | €1,900 | €1,900 | = | 0.0% |
| Other amounts receivable | 291 | €1,900 | €1,900 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,555 | €43,479 | -€17,076 | -28.2% |
| Trade receivables | 40 | €59,272 | €34,467 | -€24,805 | -41.8% |
| Other amounts receivable | 41 | €1,283 | €9,012 | +€7,729 | +602.3% |
| Cash at bank and in hand | 54/58 | €190,571 | €86,462 | -€104,109 | -54.6% |
| Deferred charges and accrued income | 490/1 | €1,131 | €30,071 | +€28,940 | +2559.1% |
| Total equity and liabilities | 10/49 | €340,443 | €224,851 | -€115,592 | -34.0% |
| Equity | 10/15 | €234,775 | €91,630 | -€143,145 | -61.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,210 | €40,210 | = | 0.0% |
| Distributable reserves | 133 | €40,210 | €40,210 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,365 | €45,220 | -€143,145 | -76.0% |
| Amounts payable | 17/49 | €105,669 | €133,222 | +€27,553 | +26.1% |
| Amounts payable after more than one year | 17 | €52,918 | €39,382 | -€13,536 | -25.6% |
| Financial debts | 170/4 | €52,918 | €39,382 | -€13,536 | -25.6% |
| Amounts payable within one year | 42/48 | €52,746 | €93,840 | +€41,094 | +77.9% |
| Current portion of amounts payable after more than one year | 42 | €12,912 | €13,536 | +€624 | +4.8% |
| Trade debts | 44 | €7,054 | €43,300 | +€36,246 | +513.8% |
| Suppliers | 440/4 | €7,054 | €43,300 | +€36,246 | +513.8% |
| Taxes, remuneration and social security | 45 | €15,801 | €37,004 | +€21,203 | +134.2% |
| Taxes | 450/3 | €5,362 | €11,879 | +€6,517 | +121.5% |
| Remuneration and social security | 454/9 | €10,439 | €25,124 | +€14,686 | +140.7% |
| Other amounts payable | 47/48 | €16,979 | - | -€16,979 | |
| Accrued charges and deferred income | 492/3 | €5 | - | -€5 | |
| Remuneration, social security and pensions | 62 | €317,173 | €326,132 | +€8,959 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,792 | €20,816 | +€9,024 | +76.5% |
| Other operating charges | 640/8 | €743 | €334 | -€409 | -55.0% |
| Non-recurring operating charges | 66A | €1,679 | €537 | -€1,141 | -68.0% |
| Gross operating margin | 9900 | €370,036 | €242,660 | -€127,376 | -34.4% |
| Operating profit (loss) | 9901 | €38,649 | -€105,159 | -€143,808 | |
| Financial income | 75/76B | €0 | €1 | +€0 | +783.3% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +783.3% |
| Financial charges | 65/66B | €1,718 | €38,234 | +€36,516 | +2125.6% |
| Recurring financial charges | 65 | €1,718 | €4,895 | +€3,177 | +185.0% |
| Non-recurring financial charges | 66B | - | €33,339 | +€33,339 | |
| Profit (loss) for the period before taxes | 9903 | €36,931 | -€143,393 | -€180,324 | |
| Income taxes | 67/77 | €12,047 | -€248 | -€12,295 | |
| Profit (loss) for the period | 9904 | €24,884 | -€143,145 | -€168,029 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,884 | -€143,145 | -€168,029 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.