Partnership, Risk & Services: 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.
Partnership, Risk & Services
Largest movements
- Receivables within one year -€15,978
down €15,978 (-7.7%), from €207,554 to €191,576
- Tangible fixed assets -€15,348
down €15,348 (-3.7%), from €417,200 to €401,852
- Deferred charges and accrued income +€13,036
new in 2025: €13,036
- Reserves -€11,700
down €11,700 (-4.2%), from €277,397 to €265,697
of which Tax-exempt reserves: -€11,700
- Profit (loss) carried forward -€7,190
down €7,190 (-3.0%), from €240,806 to €233,616
- Gross operating margin +€17,192
up €17,192, from -€16,810 to €382
- Other operating charges +€992
up €992 (+16.3%), from €6,088 to €7,080
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 | €627,643 | €607,363 | -€20,280 | -3.2% |
| Fixed assets | 21/28 | €417,200 | €401,852 | -€15,348 | -3.7% |
| Tangible fixed assets | 22/27 | €417,200 | €401,852 | -€15,348 | -3.7% |
| Land and buildings | 22 | €417,200 | €401,852 | -€15,348 | -3.7% |
| Current assets | 29/58 | €210,443 | €205,511 | -€4,933 | -2.3% |
| Amounts receivable within one year | 40/41 | €207,554 | €191,576 | -€15,978 | -7.7% |
| Other amounts receivable | 41 | €207,554 | €191,576 | -€15,978 | -7.7% |
| Cash at bank and in hand | 54/58 | €2,889 | €898 | -€1,991 | -68.9% |
| Deferred charges and accrued income | 490/1 | - | €13,036 | +€13,036 | |
| Total equity and liabilities | 10/49 | €627,643 | €607,363 | -€20,280 | -3.2% |
| Equity | 10/15 | €542,950 | €524,060 | -€18,890 | -3.5% |
| Contributions | 10/11 | €24,747 | €24,747 | = | 0.0% |
| Reserves | 13 | €277,397 | €265,697 | -€11,700 | -4.2% |
| Tax-exempt reserves | 132 | €245,795 | €234,095 | -€11,700 | -4.8% |
| Distributable reserves | 133 | €31,602 | €31,602 | = | 0.0% |
| Profit (loss) carried forward | 14 | €240,806 | €233,616 | -€7,190 | -3.0% |
| Provisions and deferred taxes | 16 | €75,682 | €71,782 | -€3,900 | -5.2% |
| Deferred taxes | 168 | €75,682 | €71,782 | -€3,900 | -5.2% |
| Amounts payable | 17/49 | €9,011 | €11,521 | +€2,510 | +27.8% |
| Amounts payable within one year | 42/48 | €9,011 | €11,121 | +€2,110 | +23.4% |
| Trade debts | 44 | €8,892 | €11,121 | +€2,229 | +25.1% |
| Suppliers | 440/4 | €8,892 | €11,121 | +€2,229 | +25.1% |
| Taxes, remuneration and social security | 45 | €119 | - | -€119 | |
| Taxes | 450/3 | €119 | - | -€119 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,600 | €15,692 | +€92 | +0.6% |
| Other operating charges | 640/8 | €6,088 | €7,080 | +€992 | +16.3% |
| Non-recurring operating charges | 66A | €6,960 | €50 | -€6,910 | -99.3% |
| Gross operating margin | 9900 | -€16,810 | €382 | +€17,192 | |
| Operating profit (loss) | 9901 | -€45,458 | -€22,441 | +€23,017 | +50.6% |
| Financial charges | 65/66B | €483 | €349 | -€134 | -27.7% |
| Recurring financial charges | 65 | €483 | €349 | -€134 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | -€45,941 | -€22,790 | +€23,151 | +50.4% |
| Transfer from deferred taxes | 780 | €3,900 | €3,900 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€42,041 | -€18,890 | +€23,151 | +55.1% |
| Transfer from tax-exempt reserves | 789 | €11,700 | €11,700 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,341 | -€7,190 | +€23,151 | +76.3% |
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 31 October 2026 via checked.be.