Partners in Development: 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 in Development
Largest movements
- Stocks and contracts +€2.1m
up €2.1m (+131.6%), from €1.6m to €3.8m
- Cash +€403,023
up €403,023 (+53.0%), from €759,895 to €1.2m
mainly Advances received (+€2.3m) and Trade debts (+€157,078)
- Receivables within one year -€57,579
down €57,579 (-43.7%), from €131,860 to €74,280
of which Trade receivables: -€59,145
- Advances received +€2.3m
up €2.3m (+124.8%), from €1.9m to €4.2m
- Trade debts +€157,078
up €157,078 (+121.3%), from €129,458 to €286,537
- Financial income +€7,699
up €7,699 (+1201.3%), from €641 to €8,340
- Gross operating margin +€2,499
up €2,499, from -€2,432 to €67
- Depreciation -€1,011
down €1,011 (-100.0%), from €1,011 to €0
- Other operating charges -€674
down €674 (-63.5%), from €1,061 to €387
- Taxes +€552
up €552 (+287.0%), from €192 to €744
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 | €2,512,109 | €4,989,737 | +€2.5m | +98.6% |
| Fixed assets | 21/28 | - | €150 | +€150 | |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €2,512,109 | €4,989,587 | +€2.5m | +98.6% |
| Stocks and contracts in progress | 3 | €1,619,719 | €3,751,753 | +€2.1m | +131.6% |
| Contracts in progress | 37 | €1,619,719 | €3,751,753 | +€2.1m | +131.6% |
| Amounts receivable within one year | 40/41 | €131,860 | €74,280 | -€57,579 | -43.7% |
| Trade receivables | 40 | €131,860 | €72,715 | -€59,145 | -44.9% |
| Other amounts receivable | 41 | - | €1,566 | +€1,566 | |
| Cash at bank and in hand | 54/58 | €759,895 | €1,162,918 | +€403,023 | +53.0% |
| Deferred charges and accrued income | 490/1 | €635 | €635 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,512,109 | €4,989,737 | +€2.5m | +98.6% |
| Equity | 10/15 | €195,770 | €202,777 | +€7,007 | +3.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,230 | €2,777 | +€7,007 | |
| Amounts payable | 17/49 | €2,316,340 | €4,786,960 | +€2.5m | +106.7% |
| Amounts payable within one year | 42/48 | €2,316,340 | €4,786,960 | +€2.5m | +106.7% |
| Financial debts | 43 | €261,464 | €261,464 | = | 0.0% |
| Credit institutions | 430/8 | €261,464 | €261,464 | = | 0.0% |
| Trade debts | 44 | €129,458 | €286,537 | +€157,078 | +121.3% |
| Suppliers | 440/4 | €129,458 | €286,537 | +€157,078 | +121.3% |
| Advances received on contracts in progress | 46 | €1,850,542 | €4,159,345 | +€2.3m | +124.8% |
| Taxes, remuneration and social security | 45 | €44,875 | €26,211 | -€18,664 | -41.6% |
| Taxes | 450/3 | €44,875 | €26,211 | -€18,664 | -41.6% |
| Other amounts payable | 47/48 | €30,000 | €53,404 | +€23,404 | +78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,011 | €0 | -€1,011 | -100.0% |
| Other operating charges | 640/8 | €1,061 | €387 | -€674 | -63.5% |
| Gross operating margin | 9900 | -€2,432 | €67 | +€2,499 | |
| Operating profit (loss) | 9901 | -€4,504 | -€320 | +€4,184 | +92.9% |
| Financial income | 75/76B | €641 | €8,340 | +€7,699 | +1201.3% |
| Recurring financial income | 75 | €641 | €8,340 | +€7,699 | +1201.3% |
| Financial charges | 65/66B | €175 | €268 | +€93 | +53.2% |
| Recurring financial charges | 65 | €175 | €268 | +€93 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,038 | €7,751 | +€11,790 | |
| Income taxes | 67/77 | €192 | €744 | +€552 | +287.0% |
| Profit (loss) for the period | 9904 | -€4,230 | €7,007 | +€11,238 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,230 | €7,007 | +€11,238 |
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 2 October 2026 via checked.be.