Partners in Coating: 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.
What changed
Partners in Coating
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€37,702
2024 · €39,749-€2,047
Equity
€7.5m
2024 · €7.4m+€37,702
Cash
€4,748
2024 · €3,472+€1,276
Balance sheet total
€20.7m
2024 · €20.7m+€1,276
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Current portion of long-term debt -€774,495
down €774,495 (-33.4%), from €2.3m to €1.5m
- Debts after one year +€479,983
up €479,983 (+5.6%), from €8.6m to €9.1m
- Other debts +€344,625
up €344,625 (+17.8%), from €1.9m to €2.3m
Income statement
- Other operating charges -€22,647
down €22,647 (-98.9%), from €22,900 to €254
- Staff costs +€16,741
up €16,741 (+12.9%), from €129,767 to €146,507
- Taxes -€14,322
no longer reported in 2025 (was €14,322)
of which Taxes: -€19,227
- Services and other goods +€12,237
up €12,237 (+9.7%), from €125,674 to €137,911
- Financial charges +€10,057
up €10,057 (+1.6%), from €643,821 to €653,878
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.
Result 2024
€39,749
Other operating income
+€19
Services and other goods
-€12,237
Staff costs
-€16,741
Other operating charges
+€22,647
Financial income
-€0
Financial charges
-€10,057
Taxes
+€14,322
Result 2025
€37,702
raises the resultlowers the result
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.
From operations
+€295,788
Investment
€0
Financing
-€294,512
Cash 2024
€3,472
From operations (derived)
+€295,788
Net result for the year
+€37,702
Trade debts
-€43,711
Tax, wage and social debts
-€42,829
Other debts
+€344,625
Financing
-€294,512
Debts after one year
+€479,983
Current portion of long-term debt
-€774,495
Cash 2025
€4,748
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,651,020 | €20,652,295 | +€1,276 | 0.0% |
| Fixed assets | 21/28 | €20,644,850 | €20,644,850 | = | 0.0% |
| Financial fixed assets | 28 | €20,644,850 | €20,644,850 | = | 0.0% |
| Affiliated companies | 280/1 | €20,644,487 | €20,644,487 | = | 0.0% |
| Participating interests | 280 | €20,644,487 | €20,644,487 | = | 0.0% |
| Other financial fixed assets | 284/8 | €363 | €363 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €6,169 | €7,445 | +€1,276 | +20.7% |
| Amounts receivable within one year | 40/41 | €2,697 | €2,697 | = | 0.0% |
| Trade receivables | 40 | €1,018 | €1,018 | = | 0.0% |
| Other amounts receivable | 41 | €1,679 | €1,679 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,472 | €4,748 | +€1,276 | +36.7% |
| Total equity and liabilities | 10/49 | €20,651,020 | €20,652,295 | +€1,276 | 0.0% |
| Equity | 10/15 | €7,417,043 | €7,454,745 | +€37,702 | +0.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €7,355,543 | €7,393,245 | +€37,702 | +0.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €7,349,393 | €7,387,095 | +€37,702 | +0.5% |
| Amounts payable | 17/49 | €13,233,976 | €13,197,550 | -€36,427 | -0.3% |
| Amounts payable after more than one year | 17 | €8,631,514 | €9,111,498 | +€479,983 | +5.6% |
| Financial debts | 170/4 | €8,631,514 | €9,111,498 | +€479,983 | +5.6% |
| Other loans | 174 | €8,631,514 | €9,111,498 | +€479,983 | +5.6% |
| Amounts payable within one year | 42/48 | €4,594,658 | €4,078,248 | -€516,410 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €2,317,137 | €1,542,642 | -€774,495 | -33.4% |
| Trade debts | 44 | €100,199 | €56,488 | -€43,711 | -43.6% |
| Suppliers | 440/4 | €100,199 | €56,488 | -€43,711 | -43.6% |
| Taxes, remuneration and social security | 45 | €237,492 | €194,663 | -€42,829 | -18.0% |
| Taxes | 450/3 | €182,473 | €137,508 | -€44,965 | -24.6% |
| Remuneration and social security | 454/9 | €55,019 | €57,155 | +€2,136 | +3.9% |
| Other amounts payable | 47/48 | €1,939,830 | €2,284,455 | +€344,625 | +17.8% |
| Accrued charges and deferred income | 492/3 | €7,804 | €7,804 | = | 0.0% |
| Operating income | 70/76A | €976,233 | €976,252 | +€19 | 0.0% |
| Turnover | 70 | €976,000 | €976,000 | = | 0.0% |
| Other operating income | 74 | €233 | €252 | +€19 | +8.2% |
| Operating charges | 60/66A | €278,341 | €284,672 | +€6,331 | +2.3% |
| Services and other goods | 61 | €125,674 | €137,911 | +€12,237 | +9.7% |
| Remuneration, social security and pensions | 62 | €129,767 | €146,507 | +€16,741 | +12.9% |
| Other operating charges | 640/8 | €22,900 | €254 | -€22,647 | -98.9% |
| Operating profit (loss) | 9901 | €697,892 | €691,580 | -€6,312 | -0.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €643,821 | €653,878 | +€10,057 | +1.6% |
| Recurring financial charges | 65 | €643,821 | €653,878 | +€10,057 | +1.6% |
| Debt charges | 650 | €630,036 | €649,718 | +€19,682 | +3.1% |
| Other financial charges | 652/9 | €13,786 | €4,160 | -€9,626 | -69.8% |
| Profit (loss) for the period before taxes | 9903 | €54,071 | €37,702 | -€16,369 | -30.3% |
| Income taxes | 67/77 | €14,322 | - | -€14,322 | |
| Taxes | 670/3 | €19,227 | - | -€19,227 | |
| Tax adjustments and reversals of tax provisions | 77 | €4,905 | - | -€4,905 | |
| Profit (loss) for the period | 9904 | €39,749 | €37,702 | -€2,047 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,749 | €37,702 | -€2,047 | -5.1% |
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.