PARTNERS METAL: 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 METAL
NACE 46.820, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€37,315
2024 · €334,907-€297,592
Equity
€3.5m
2024 · €3.5m+€37,315
Cash
€985,800
2024 · €3.3m-€2.3m
Balance sheet total
€40.5m
2024 · €36.5m+€4.0m
Largest movements
Assets
- Receivables within one year +€7.0m
up €7.0m (+23.5%), from €29.6m to €36.5m
of which Trade receivables: +€7.8m
- Cash -€2.3m
down €2.3m (-70.3%), from €3.3m to €985,800
mainly Receivables within one year (-€7.0m) and Short-term financial debts (-€3.4m)
- Stocks and contracts -€609,488
down €609,488 (-19.8%), from €3.1m to €2.5m
Equity and liabilities
- Advances received +€7.3m
up €7.3m (+406%), from €1.8m to €9.2m
- Short-term financial debts -€3.4m
down €3.4m (-21.0%), from €16.3m to €12.9m
Income statement
- Turnover -€682,350
down €682,350 (-1.0%), from €67.5m to €66.8m
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
€334,907
Turnover
-€682,350
Other operating income
+€179,365
Goods and materials
+€33,481
Services and other goods
-€141,448
Staff costs
-€45,252
Depreciation
+€22,165
Other operating charges
+€24,555
Financial income
+€43,524
Financial charges
+€165,367
Taxes
+€103,002
Result 2025
€37,315
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
+€1.2m
Investment
-€61,361
Financing
-€3.4m
Cash 2024
€3.3m
From operations (derived)
+€1.2m
Net result for the year
+€37,315
Depreciation
+€93,297
Stocks and contracts
+€609,488
Receivables within one year
-€7.0m
Deferred charges and accrued income
-€59,562
Trade debts
+€264,993
Tax, wage and social debts
+€33,315
Advances received
+€7.3m
Other debts
-€67,126
Accrued charges and deferred income
-€152,942
Investment (derived)
-€61,361
Investment in fixed assets (net)
-€61,361
Financing
-€3.4m
Short-term financial debts
-€3.4m
Cash 2025
€985,800
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,481,484 | €40,522,048 | +€4.0m | +11.1% |
| Fixed assets | 21/28 | €435,662 | €403,726 | -€31,936 | -7.3% |
| Tangible fixed assets | 22/27 | €434,184 | €402,247 | -€31,936 | -7.4% |
| Land and buildings | 22 | €278,855 | €313,048 | +€34,193 | +12.3% |
| Plant, machinery and equipment | 23 | €98,186 | €51,169 | -€47,017 | -47.9% |
| Furniture and vehicles | 24 | €57,143 | €38,031 | -€19,112 | -33.4% |
| Financial fixed assets | 28 | €1,479 | €1,479 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,479 | €1,479 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,479 | €1,479 | = | 0.0% |
| Current assets | 29/58 | €36,045,822 | €40,118,322 | +€4.1m | +11.3% |
| Stocks and contracts in progress | 3 | €3,081,227 | €2,471,739 | -€609,488 | -19.8% |
| Stocks | 30/36 | €3,081,227 | €2,471,739 | -€609,488 | -19.8% |
| Goods purchased for resale | 34 | €3,081,227 | €2,471,739 | -€609,488 | -19.8% |
| Amounts receivable within one year | 40/41 | €29,556,101 | €36,506,442 | +€7.0m | +23.5% |
| Trade receivables | 40 | €25,423,706 | €33,256,650 | +€7.8m | +30.8% |
| Other amounts receivable | 41 | €4,132,395 | €3,249,793 | -€882,602 | -21.4% |
| Cash at bank and in hand | 54/58 | €3,313,715 | €985,800 | -€2.3m | -70.3% |
| Deferred charges and accrued income | 490/1 | €94,779 | €154,341 | +€59,562 | +62.8% |
| Total equity and liabilities | 10/49 | €36,481,484 | €40,522,048 | +€4.0m | +11.1% |
| Equity | 10/15 | €3,491,853 | €3,529,168 | +€37,315 | +1.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €550,000 | €550,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,441,853 | €2,479,168 | +€37,315 | +1.5% |
| Amounts payable | 17/49 | €32,989,631 | €36,992,880 | +€4.0m | +12.1% |
| Amounts payable within one year | 42/48 | €32,812,977 | €36,969,168 | +€4.2m | +12.7% |
| Financial debts | 43 | €16,319,689 | €12,896,693 | -€3.4m | -21.0% |
| Credit institutions | 430/8 | €16,319,689 | €12,896,693 | -€3.4m | -21.0% |
| Trade debts | 44 | €14,509,515 | €14,774,509 | +€264,993 | +1.8% |
| Suppliers | 440/4 | €14,509,515 | €14,774,509 | +€264,993 | +1.8% |
| Advances received on contracts in progress | 46 | €1,808,178 | €9,156,181 | +€7.3m | +406% |
| Taxes, remuneration and social security | 45 | €108,470 | €141,785 | +€33,315 | +30.7% |
| Taxes | 450/3 | €16,730 | €41,586 | +€24,857 | +149% |
| Remuneration and social security | 454/9 | €91,740 | €100,198 | +€8,458 | +9.2% |
| Other amounts payable | 47/48 | €67,126 | €0 | -€67,126 | -100% |
| Accrued charges and deferred income | 492/3 | €176,654 | €23,712 | -€152,942 | -86.6% |
| Operating income | 70/76A | €67,532,876 | €67,029,891 | -€502,985 | -0.7% |
| Turnover | 70 | €67,512,269 | €66,829,919 | -€682,350 | -1.0% |
| Other operating income | 74 | €20,607 | €199,972 | +€179,365 | +870% |
| Operating charges | 60/66A | €66,223,374 | €66,329,874 | +€106,500 | +0.2% |
| Goods for resale, raw materials and consumables | 60 | €63,785,416 | €63,751,935 | -€33,481 | -0.1% |
| Purchases | 600/8 | €64,173,723 | €63,142,447 | -€1.0m | -1.6% |
| Change in stocks: decrease (increase) | 609 | -€388,307 | €609,488 | +€997,794 | |
| Services and other goods | 61 | €1,720,886 | €1,862,334 | +€141,448 | +8.2% |
| Remuneration, social security and pensions | 62 | €568,322 | €613,575 | +€45,252 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,462 | €93,297 | -€22,165 | -19.2% |
| Other operating charges | 640/8 | €33,287 | €8,733 | -€24,555 | -73.8% |
| Operating profit (loss) | 9901 | €1,309,502 | €700,017 | -€609,485 | -46.5% |
| Financial income | 75/76B | €105,207 | €148,731 | +€43,524 | +41.4% |
| Recurring financial income | 75 | €105,207 | €148,731 | +€43,524 | +41.4% |
| Income from current assets | 751 | €105,161 | €148,731 | +€43,570 | +41.4% |
| Other financial income | 752/9 | €46 | €0 | -€46 | -100% |
| Financial charges | 65/66B | €953,799 | €788,432 | -€165,367 | -17.3% |
| Recurring financial charges | 65 | €953,799 | €788,432 | -€165,367 | -17.3% |
| Debt charges | 650 | €918,000 | €756,147 | -€161,853 | -17.6% |
| Other financial charges | 652/9 | €35,798 | €32,285 | -€3,513 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €460,910 | €60,316 | -€400,594 | -86.9% |
| Income taxes | 67/77 | €126,003 | €23,001 | -€103,002 | -81.7% |
| Taxes | 670/3 | €126,005 | €23,005 | -€103,000 | -81.7% |
| Tax adjustments and reversals of tax provisions | 77 | €2 | €4 | +€2 | +104% |
| Profit (loss) for the period | 9904 | €334,907 | €37,315 | -€297,592 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €334,907 | €37,315 | -€297,592 | -88.9% |
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.