PARTNERS-PROJECT: 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-PROJECT
Largest movements
- Cash -€33,561
down €33,561 (-88.1%), from €38,075 to €4,514
mainly Other debts (-€19,465) and Tax, wage and social debts (-€8,156)
- Receivables within one year +€741
up €741 (+24.5%), from €3,018 to €3,759
of which Other amounts receivable: +€741
- Other debts -€19,465
down €19,465 (-77.9%), from €25,000 to €5,535
- Tax, wage and social debts -€8,156
no longer reported in 2025 (was €8,156)
- Profit (loss) carried forward -€5,238
down €5,238, from €2,926 to -€2,311
- Taxes -€2,652
no longer reported in 2025 (was €2,652)
- Gross operating margin -€1,831
down €1,831 (-65.7%), from -€2,786 to -€4,616
- Financial charges -€348
down €348 (-59.8%), from €581 to €234
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 | €41,191 | €8,469 | -€32,722 | -79.4% |
| Fixed assets | 21/28 | €98 | €98 | = | 0.0% |
| Financial fixed assets | 28 | €98 | €98 | = | 0.0% |
| Current assets | 29/58 | €41,093 | €8,371 | -€32,722 | -79.6% |
| Amounts receivable within one year | 40/41 | €3,018 | €3,759 | +€741 | +24.5% |
| Trade receivables | 40 | €2,270 | €2,270 | = | 0.0% |
| Other amounts receivable | 41 | €748 | €1,489 | +€741 | +99.0% |
| Cash at bank and in hand | 54/58 | €38,075 | €4,514 | -€33,561 | -88.1% |
| Deferred charges and accrued income | 490/1 | - | €98 | +€98 | |
| Total equity and liabilities | 10/49 | €41,191 | €8,469 | -€32,722 | -79.4% |
| Equity | 10/15 | €7,926 | €2,689 | -€5,238 | -66.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,926 | -€2,311 | -€5,238 | |
| Amounts payable | 17/49 | €33,265 | €5,780 | -€27,485 | -82.6% |
| Amounts payable within one year | 42/48 | €33,265 | €5,780 | -€27,485 | -82.6% |
| Trade debts | 44 | €109 | €246 | +€137 | +126.1% |
| Suppliers | 440/4 | €109 | €246 | +€137 | +126.1% |
| Taxes, remuneration and social security | 45 | €8,156 | - | -€8,156 | |
| Taxes | 450/3 | €8,156 | - | -€8,156 | |
| Other amounts payable | 47/48 | €25,000 | €5,535 | -€19,465 | -77.9% |
| Other operating charges | 640/8 | €389 | €387 | -€1 | -0.4% |
| Gross operating margin | 9900 | -€2,786 | -€4,616 | -€1,831 | -65.7% |
| Operating profit (loss) | 9901 | -€3,175 | -€5,004 | -€1,829 | -57.6% |
| Financial charges | 65/66B | €581 | €234 | -€348 | -59.8% |
| Recurring financial charges | 65 | €581 | €234 | -€348 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,756 | -€5,238 | -€1,482 | -39.4% |
| Income taxes | 67/77 | €2,652 | - | -€2,652 | |
| Profit (loss) for the period | 9904 | -€6,408 | -€5,238 | +€1,170 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,408 | -€5,238 | +€1,170 | +18.3% |
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 7 October 2026 via checked.be.