PARTNERS TEAM: 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 TEAM
Largest movements
- Deferred charges and accrued income +€10,812
new in 2025: €10,812
- Receivables within one year -€6,049
down €6,049 (-48.5%), from €12,483 to €6,433
of which Trade receivables: -€7,019
- Cash -€1,168
down €1,168 (-66.3%), from €1,761 to €593
mainly Deferred charges and accrued income (-€10,812) and Accrued charges and deferred income (-€2,186)
- Tangible fixed assets -€394
down €394 (-26.3%), from €1,498 to €1,104
- Other debts +€2,801
up €2,801 (+46.3%), from €6,049 to €8,851
- Trade debts +€2,541
new in 2025: €2,541
- Accrued charges and deferred income -€2,186
down €2,186 (-84.5%), from €2,586 to €400
- Profit (loss) carried forward +€409
up €409 (+22.2%), from €1,846 to €2,255
- Tax, wage and social debts -€365
down €365 (-16.1%), from €2,260 to €1,895
of which Taxes: -€1,821
- Other operating charges -€18,508
no longer reported in 2025 (was €18,508)
- Gross operating margin -€4,475
down €4,475 (-56.5%), from €7,924 to €3,449
- Taxes -€613
down €613 (-58.3%), from €1,052 to €439
- Financial charges -€525
down €525 (-20.1%), from €2,620 to €2,094
- Depreciation +€395
up €395 (+155%), from €254 to €649
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 | €15,742 | €18,942 | +€3,200 | +20.3% |
| Fixed assets | 21/28 | €1,498 | €1,104 | -€394 | -26.3% |
| Tangible fixed assets | 22/27 | €1,498 | €1,104 | -€394 | -26.3% |
| Plant, machinery and equipment | 23 | €1,498 | €1,104 | -€394 | -26.3% |
| Current assets | 29/58 | €14,243 | €17,838 | +€3,594 | +25.2% |
| Amounts receivable within one year | 40/41 | €12,483 | €6,433 | -€6,049 | -48.5% |
| Trade receivables | 40 | €11,960 | €4,941 | -€7,019 | -58.7% |
| Other amounts receivable | 41 | €523 | €1,492 | +€970 | +186% |
| Cash at bank and in hand | 54/58 | €1,761 | €593 | -€1,168 | -66.3% |
| Deferred charges and accrued income | 490/1 | - | €10,812 | +€10,812 | |
| Total equity and liabilities | 10/49 | €15,742 | €18,942 | +€3,200 | +20.3% |
| Equity | 10/15 | €4,846 | €5,255 | +€409 | +8.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,846 | €2,255 | +€409 | +22.2% |
| Amounts payable | 17/49 | €10,895 | €13,687 | +€2,791 | +25.6% |
| Amounts payable within one year | 42/48 | €8,309 | €13,287 | +€4,978 | +59.9% |
| Trade debts | 44 | - | €2,541 | +€2,541 | |
| Suppliers | 440/4 | - | €2,541 | +€2,541 | |
| Taxes, remuneration and social security | 45 | €2,260 | €1,895 | -€365 | -16.1% |
| Taxes | 450/3 | €2,260 | €439 | -€1,821 | -80.6% |
| Remuneration and social security | 454/9 | - | €1,456 | +€1,456 | |
| Other amounts payable | 47/48 | €6,049 | €8,851 | +€2,801 | +46.3% |
| Accrued charges and deferred income | 492/3 | €2,586 | €400 | -€2,186 | -84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254 | €649 | +€395 | +155% |
| Other operating charges | 640/8 | €18,508 | - | -€18,508 | |
| Gross operating margin | 9900 | €7,924 | €3,449 | -€4,475 | -56.5% |
| Operating profit (loss) | 9901 | -€10,839 | €2,799 | +€13,638 | |
| Financial income | 75/76B | €268 | €143 | -€125 | -46.8% |
| Recurring financial income | 75 | €268 | €143 | -€125 | -46.8% |
| Financial charges | 65/66B | €2,620 | €2,094 | -€525 | -20.1% |
| Recurring financial charges | 65 | €2,620 | €2,094 | -€525 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,190 | €848 | +€14,038 | |
| Income taxes | 67/77 | €1,052 | €439 | -€613 | -58.3% |
| Profit (loss) for the period | 9904 | -€14,242 | €409 | +€14,651 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,242 | €409 | +€14,651 |
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 16 October 2026 via checked.be.