PARTNERS FINANCES: 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.
PARTNERS FINANCES
Largest movements
- Receivables within one year -€656,111
down €656,111 (-85.2%), from €769,774 to €113,663
of which Other amounts receivable: -€439,127
- Cash -€98,868
down €98,868 (-34.5%), from €286,736 to €187,867
mainly Contributions, distributions and other (-€700,000) and Net result for the year (-€146,821)
- Receivables after one year +€20,669
up €20,669 (+4.6%), from €448,039 to €468,708
- Profit (loss) carried forward -€846,821
down €846,821 (-83.7%), from €1.0m to €165,512
- Tax, wage and social debts +€79,081
up €79,081 (+20.3%), from €390,015 to €469,097
of which Remuneration and social security: +€57,300
- Other debts +€62,023
new in 2025: €62,023
- Gross operating margin -€155,959
down €155,959 (-7.2%), from €2.2m to €2.0m
- Taxes -€40,277
down €40,277 (-95.9%), from €41,983 to €1,706
- Staff costs +€39,537
up €39,537 (+1.9%), from €2.1m to €2.1m
- Financial income -€22,040
down €22,040 (-51.5%), from €42,821 to €20,781
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 | €1,823,811 | €1,115,140 | -€708,671 | -38.9% |
| Fixed assets | 21/28 | €58,706 | €68,806 | +€10,100 | +17.2% |
| Intangible fixed assets | 21 | - | €14,558 | +€14,558 | |
| Tangible fixed assets | 22/27 | €34,467 | €27,245 | -€7,222 | -21.0% |
| Land and buildings | 22 | €15,176 | €10,359 | -€4,817 | -31.7% |
| Plant, machinery and equipment | 23 | €2,412 | €1,608 | -€804 | -33.3% |
| Furniture and vehicles | 24 | €16,879 | €15,277 | -€1,602 | -9.5% |
| Financial fixed assets | 28 | €24,239 | €27,003 | +€2,764 | +11.4% |
| Current assets | 29/58 | €1,765,105 | €1,046,334 | -€718,771 | -40.7% |
| Amounts receivable after more than one year | 29 | €448,039 | €468,708 | +€20,669 | +4.6% |
| Other amounts receivable | 291 | €448,039 | €468,708 | +€20,669 | +4.6% |
| Amounts receivable within one year | 40/41 | €769,774 | €113,663 | -€656,111 | -85.2% |
| Trade receivables | 40 | €216,984 | €0 | -€216,984 | -100% |
| Other amounts receivable | 41 | €552,790 | €113,663 | -€439,127 | -79.4% |
| Cash at bank and in hand | 54/58 | €286,736 | €187,867 | -€98,868 | -34.5% |
| Deferred charges and accrued income | 490/1 | €260,556 | €276,096 | +€15,539 | +6.0% |
| Total equity and liabilities | 10/49 | €1,823,811 | €1,115,140 | -€708,671 | -38.9% |
| Equity | 10/15 | €1,268,539 | €421,718 | -€846,821 | -66.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €6,206 | €6,206 | = | 0.0% |
| Distributable reserves | 133 | €6,206 | €6,206 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,012,333 | €165,512 | -€846,821 | -83.7% |
| Amounts payable | 17/49 | €555,271 | €693,421 | +€138,150 | +24.9% |
| Amounts payable within one year | 42/48 | €555,271 | €693,421 | +€138,150 | +24.9% |
| Trade debts | 44 | €162,182 | €162,301 | +€119 | +0.1% |
| Suppliers | 440/4 | €162,182 | €162,301 | +€119 | +0.1% |
| Advances received on contracts in progress | 46 | €3,074 | €0 | -€3,074 | -100% |
| Taxes, remuneration and social security | 45 | €390,015 | €469,097 | +€79,081 | +20.3% |
| Taxes | 450/3 | €30,886 | €52,667 | +€21,781 | +70.5% |
| Remuneration and social security | 454/9 | €359,130 | €416,430 | +€57,300 | +16.0% |
| Other amounts payable | 47/48 | - | €62,023 | +€62,023 | |
| Remuneration, social security and pensions | 62 | €2,075,022 | €2,114,559 | +€39,537 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,126 | €15,779 | -€4,346 | -21.6% |
| Other operating charges | 640/8 | €16,618 | €24,314 | +€7,696 | +46.3% |
| Gross operating margin | 9900 | €2,159,717 | €2,003,758 | -€155,959 | -7.2% |
| Operating profit (loss) | 9901 | €47,951 | -€150,894 | -€198,845 | |
| Financial income | 75/76B | €42,821 | €20,781 | -€22,040 | -51.5% |
| Recurring financial income | 75 | €42,821 | €20,781 | -€22,040 | -51.5% |
| Financial charges | 65/66B | €10,439 | €15,001 | +€4,562 | +43.7% |
| Recurring financial charges | 65 | €10,439 | €15,001 | +€4,562 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €80,333 | -€145,114 | -€225,447 | |
| Income taxes | 67/77 | €41,983 | €1,706 | -€40,277 | -95.9% |
| Profit (loss) for the period | 9904 | €38,350 | -€146,821 | -€185,170 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,350 | -€146,821 | -€185,170 |
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 23 October 2026 via checked.be.