Partners & Profit: 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 & Profit
Largest movements
- Tangible fixed assets +€1,258
new in 2025: €1,258
- Receivables within one year -€590
down €590 (-91.7%), from €643 to €54
- Deferred charges and accrued income -€538
no longer reported in 2025 (was €538)
- Cash -€533
down €533 (-97.5%), from €547 to €14
mainly Net result for the year (-€3,104) and Investment in fixed assets (net) (-€1,573)
- Formation expenses -€391
down €391 (-21.4%), from €1,824 to €1,433
- Profit (loss) carried forward -€3,104
down €3,104 (-263%), from -€1,181 to -€4,285
- Other debts +€2,410
up €2,410 (+102%), from €2,364 to €4,775
- Tax, wage and social debts -€163
no longer reported in 2025 (was €163)
- Trade debts -€80
no longer reported in 2025 (was €80)
- Debts after one year +€63
new in 2025: €63
- Gross operating margin -€1,509
down €1,509 (-219%), from -€690 to -€2,199
- Purchases and services -€690
no longer reported in 2025 (was €690)
- Depreciation +€575
up €575 (+441%), from €130 to €705
- Turnover +€500
new in 2025: €500
- Other operating charges -€225
down €225 (-65.2%), from €345 to €120
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 | €5,062 | €4,189 | -€874 | -17.3% |
| Formation expenses | 20 | €1,824 | €1,433 | -€391 | -21.4% |
| Fixed assets | 21/28 | - | €1,258 | +€1,258 | |
| Tangible fixed assets | 22/27 | - | €1,258 | +€1,258 | |
| Furniture and vehicles | 24 | - | €1,258 | +€1,258 | |
| Current assets | 29/58 | €3,239 | €1,498 | -€1,741 | -53.8% |
| Stocks and contracts in progress | 3 | €1,510 | €1,430 | -€80 | -5.3% |
| Stocks | 30/36 | €1,510 | €1,430 | -€80 | -5.3% |
| Amounts receivable within one year | 40/41 | €643 | €54 | -€590 | -91.7% |
| Other amounts receivable | 41 | €643 | €54 | -€590 | -91.7% |
| Cash at bank and in hand | 54/58 | €547 | €14 | -€533 | -97.5% |
| Deferred charges and accrued income | 490/1 | €538 | - | -€538 | |
| Total equity and liabilities | 10/49 | €5,062 | €4,189 | -€874 | -17.3% |
| Equity | 10/15 | €2,455 | -€649 | -€3,104 | |
| Contributions | 10/11 | €3,636 | €3,636 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,181 | -€4,285 | -€3,104 | -263% |
| Amounts payable | 17/49 | €2,607 | €4,838 | +€2,231 | +85.5% |
| Amounts payable after more than one year | 17 | - | €63 | +€63 | |
| Trade debts | 175 | - | €63 | +€63 | |
| Amounts payable within one year | 42/48 | €2,607 | €4,775 | +€2,168 | +83.1% |
| Trade debts | 44 | €80 | - | -€80 | |
| Suppliers | 440/4 | €80 | - | -€80 | |
| Taxes, remuneration and social security | 45 | €163 | - | -€163 | |
| Taxes | 450/3 | €163 | - | -€163 | |
| Other amounts payable | 47/48 | €2,364 | €4,775 | +€2,410 | +102% |
| Turnover | 70 | - | €500 | +€500 | |
| Goods, raw materials, services and sundry goods | 60/61 | €690 | - | -€690 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130 | €705 | +€575 | +441% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €80 | +€80 | |
| Other operating charges | 640/8 | €345 | €120 | -€225 | -65.2% |
| Gross operating margin | 9900 | -€690 | -€2,199 | -€1,509 | -219% |
| Operating profit (loss) | 9901 | -€1,165 | -€3,104 | -€1,939 | -166% |
| Financial charges | 65/66B | €16 | - | -€16 | |
| Recurring financial charges | 65 | €16 | - | -€16 | |
| Profit (loss) for the period before taxes | 9903 | -€1,181 | -€3,104 | -€1,924 | -163% |
| Profit (loss) for the period | 9904 | -€1,181 | -€3,104 | -€1,924 | -163% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,181 | -€3,104 | -€1,924 | -163% |
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 28 October 2026 via checked.be.