PARTNERS FOR DESIGN: 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 FOR DESIGN
Largest movements
- Receivables within one year +€26,751
up €26,751 (+26.3%), from €101,828 to €128,580
of which Trade receivables: +€31,510
- Deferred charges and accrued income -€3,963
down €3,963 (-81.2%), from €4,881 to €918
- Tangible fixed assets +€2,813
up €2,813 (+93.1%), from €3,021 to €5,833
of which Plant, machinery and equipment: +€3,945
- Cash +€1,653
up €1,653 (+25.7%), from €6,427 to €8,080
mainly Debts after one year (+€28,412) and Net result for the year (+€27,171)
- Short-term financial debts -€29,667
down €29,667 (-54.9%), from €53,991 to €24,325
- Debts after one year +€28,412
new in 2025: €28,412
- Profit (loss) carried forward +€27,171
up €27,171 (+416%), from €6,530 to €33,700
- Tax, wage and social debts -€14,132
down €14,132 (-35.5%), from €39,802 to €25,670
of which Remuneration and social security: -€11,884
- Trade debts +€8,441
up €8,441 (+68.8%), from €12,269 to €20,711
- Staff costs -€43,623
down €43,623 (-85.3%), from €51,139 to €7,516
- Gross operating margin -€32,941
down €32,941 (-43.2%), from €76,168 to €43,227
- Financial charges -€1,932
down €1,932 (-38.0%), from €5,079 to €3,148
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 | €126,618 | €152,952 | +€26,334 | +20.8% |
| Fixed assets | 21/28 | €13,481 | €15,375 | +€1,894 | +14.0% |
| Intangible fixed assets | 21 | €4,651 | €3,732 | -€919 | -19.8% |
| Tangible fixed assets | 22/27 | €3,021 | €5,833 | +€2,813 | +93.1% |
| Plant, machinery and equipment | 23 | €498 | €4,442 | +€3,945 | +792% |
| Furniture and vehicles | 24 | €402 | €0 | -€402 | -100% |
| Other tangible fixed assets | 26 | €2,121 | €1,391 | -€730 | -34.4% |
| Financial fixed assets | 28 | €5,810 | €5,810 | = | 0.0% |
| Current assets | 29/58 | €113,137 | €137,577 | +€24,441 | +21.6% |
| Amounts receivable within one year | 40/41 | €101,828 | €128,580 | +€26,751 | +26.3% |
| Trade receivables | 40 | €97,069 | €128,580 | +€31,510 | +32.5% |
| Other amounts receivable | 41 | €4,759 | €0 | -€4,759 | -100% |
| Cash at bank and in hand | 54/58 | €6,427 | €8,080 | +€1,653 | +25.7% |
| Deferred charges and accrued income | 490/1 | €4,881 | €918 | -€3,963 | -81.2% |
| Total equity and liabilities | 10/49 | €126,618 | €152,952 | +€26,334 | +20.8% |
| Equity | 10/15 | €14,590 | €41,760 | +€27,171 | +186% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €6,530 | €33,700 | +€27,171 | +416% |
| Amounts payable | 17/49 | €112,028 | €111,192 | -€837 | -0.7% |
| Amounts payable after more than one year | 17 | - | €28,412 | +€28,412 | |
| Financial debts | 170/4 | - | €28,412 | +€28,412 | |
| Amounts payable within one year | 42/48 | €111,994 | €82,340 | -€29,654 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €6,588 | +€6,588 | |
| Financial debts | 43 | €53,991 | €24,325 | -€29,667 | -54.9% |
| Credit institutions | 430/8 | €53,991 | €24,325 | -€29,667 | -54.9% |
| Trade debts | 44 | €12,269 | €20,711 | +€8,441 | +68.8% |
| Suppliers | 440/4 | €12,269 | €20,711 | +€8,441 | +68.8% |
| Taxes, remuneration and social security | 45 | €39,802 | €25,670 | -€14,132 | -35.5% |
| Taxes | 450/3 | €22,860 | €20,612 | -€2,248 | -9.8% |
| Remuneration and social security | 454/9 | €16,942 | €5,058 | -€11,884 | -70.1% |
| Other amounts payable | 47/48 | €5,932 | €5,047 | -€885 | -14.9% |
| Accrued charges and deferred income | 492/3 | €34 | €440 | +€406 | +1,190% |
| Remuneration, social security and pensions | 62 | €51,139 | €7,516 | -€43,623 | -85.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,537 | €3,129 | +€592 | +23.3% |
| Other operating charges | 640/8 | €1,871 | €1,991 | +€120 | +6.4% |
| Gross operating margin | 9900 | €76,168 | €43,227 | -€32,941 | -43.2% |
| Operating profit (loss) | 9901 | €20,620 | €30,591 | +€9,971 | +48.4% |
| Financial income | 75/76B | €47 | €4 | -€43 | -91.2% |
| Recurring financial income | 75 | €47 | €4 | -€43 | -91.2% |
| Financial charges | 65/66B | €5,079 | €3,148 | -€1,932 | -38.0% |
| Recurring financial charges | 65 | €5,079 | €3,148 | -€1,932 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €15,587 | €27,448 | +€11,860 | +76.1% |
| Income taxes | 67/77 | €0 | €277 | +€277 | |
| Profit (loss) for the period | 9904 | €15,587 | €27,171 | +€11,583 | +74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,587 | €27,171 | +€11,583 | +74.3% |
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 29 October 2026 via checked.be.