PARTNERS IMMO: 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 IMMO
Largest movements
- Receivables after one year +€286,511
new in 2025: €286,511
- Receivables within one year -€78,919
down €78,919 (-73.8%), from €106,962 to €28,043
of which Trade receivables: -€72,593
- Tangible fixed assets +€68,775
up €68,775 (+14.7%), from €468,614 to €537,389
of which Land and buildings: +€71,118
- Cash -€13,529
down €13,529 (-8.8%), from €153,978 to €140,449
mainly Receivables after one year (-€286,511) and Investment in fixed assets (net) (-€90,245)
- Profit (loss) carried forward +€166,086
up €166,086 (+553.7%), from €29,996 to €196,081
- Reserves +€125,536
up €125,536 (+152.3%), from €82,429 to €207,965
of which Tax-exempt reserves: +€125,536
- Accrued charges and deferred income -€47,952
down €47,952 (-94.8%), from €50,572 to €2,619
- Tax, wage and social debts +€14,897
up €14,897 (+814.7%), from €1,829 to €16,726
- Trade debts -€12,632
down €12,632 (-38.3%), from €33,025 to €20,393
- Gross operating margin +€344,676
up €344,676 (+288.6%), from €119,412 to €464,087
- Taxes +€86,165
up €86,165 (+805.3%), from €10,700 to €96,864
- Staff costs -€19,126
down €19,126 (-40.7%), from €47,040 to €27,914
- Other operating charges +€13,132
up €13,132 (+447.2%), from €2,937 to €16,069
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 | €735,976 | €993,185 | +€257,209 | +34.9% |
| Fixed assets | 21/28 | €469,271 | €537,564 | +€68,293 | +14.6% |
| Intangible fixed assets | 21 | €482 | €0 | -€482 | -100.0% |
| Tangible fixed assets | 22/27 | €468,614 | €537,389 | +€68,775 | +14.7% |
| Land and buildings | 22 | €461,533 | €532,651 | +€71,118 | +15.4% |
| Plant, machinery and equipment | 23 | €2,919 | €2,626 | -€293 | -10.0% |
| Furniture and vehicles | 24 | €4,162 | €2,112 | -€2,050 | -49.3% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €266,704 | €455,621 | +€188,916 | +70.8% |
| Amounts receivable after more than one year | 29 | - | €286,511 | +€286,511 | |
| Other amounts receivable | 291 | - | €286,511 | +€286,511 | |
| Amounts receivable within one year | 40/41 | €106,962 | €28,043 | -€78,919 | -73.8% |
| Trade receivables | 40 | €97,825 | €25,232 | -€72,593 | -74.2% |
| Other amounts receivable | 41 | €9,137 | €2,811 | -€6,326 | -69.2% |
| Cash at bank and in hand | 54/58 | €153,978 | €140,449 | -€13,529 | -8.8% |
| Deferred charges and accrued income | 490/1 | €5,765 | €618 | -€5,147 | -89.3% |
| Total equity and liabilities | 10/49 | €735,976 | €993,185 | +€257,209 | +34.9% |
| Equity | 10/15 | €122,425 | €414,046 | +€291,621 | +238.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €82,429 | €207,965 | +€125,536 | +152.3% |
| Tax-exempt reserves | 132 | €77,914 | €203,450 | +€125,536 | +161.1% |
| Distributable reserves | 133 | €4,515 | €4,515 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,996 | €196,081 | +€166,086 | +553.7% |
| Provisions and deferred taxes | 16 | €7,728 | €7,473 | -€255 | -3.3% |
| Deferred taxes | 168 | €7,728 | €7,473 | -€255 | -3.3% |
| Amounts payable | 17/49 | €605,822 | €571,665 | -€34,158 | -5.6% |
| Amounts payable after more than one year | 17 | €480,893 | €489,816 | +€8,923 | +1.9% |
| Financial debts | 170/4 | €340,354 | €379,278 | +€38,923 | +11.4% |
| Other amounts payable | 178/9 | €140,539 | €110,539 | -€30,000 | -21.3% |
| Amounts payable within one year | 42/48 | €74,357 | €79,229 | +€4,872 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €33,499 | €38,198 | +€4,699 | +14.0% |
| Trade debts | 44 | €33,025 | €20,393 | -€12,632 | -38.3% |
| Suppliers | 440/4 | €33,025 | €20,393 | -€12,632 | -38.3% |
| Taxes, remuneration and social security | 45 | €1,829 | €16,726 | +€14,897 | +814.7% |
| Taxes | 450/3 | €1,829 | €16,726 | +€14,897 | +814.7% |
| Other amounts payable | 47/48 | €6,005 | €3,913 | -€2,093 | -34.8% |
| Accrued charges and deferred income | 492/3 | €50,572 | €2,619 | -€47,952 | -94.8% |
| Remuneration, social security and pensions | 62 | €47,040 | €27,914 | -€19,126 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,878 | €21,952 | +€74 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €438 | +€438 | |
| Other operating charges | 640/8 | €2,937 | €16,069 | +€13,132 | +447.2% |
| Gross operating margin | 9900 | €119,412 | €464,087 | +€344,676 | +288.6% |
| Operating profit (loss) | 9901 | €47,557 | €397,714 | +€350,157 | +736.3% |
| Financial income | 75/76B | €974 | €1 | -€973 | -99.9% |
| Recurring financial income | 75 | €974 | €1 | -€973 | -99.9% |
| Financial charges | 65/66B | €7,860 | €9,484 | +€1,624 | +20.7% |
| Recurring financial charges | 65 | €7,860 | €9,484 | +€1,624 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €40,670 | €388,231 | +€347,560 | +854.6% |
| Transfer from deferred taxes | 780 | €255 | €255 | = | 0.0% |
| Income taxes | 67/77 | €10,700 | €96,864 | +€86,165 | +805.3% |
| Profit (loss) for the period | 9904 | €30,226 | €291,621 | +€261,396 | +864.8% |
| Transfer from tax-exempt reserves | 789 | €764 | €764 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €14,735 | €126,300 | +€111,565 | +757.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,255 | €166,086 | +€149,831 | +921.8% |
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 11 October 2026 via checked.be.