PARTOOL: 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.
What changed
PARTOOL
NACE 46.649, Wholesale of other machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€90,661
2024 · €81,155+€9,505
Equity
€3.9m
2024 · €3.8m+€90,661
Cash
€77,704
2024 · €87,552-€9,847
Balance sheet total
€7.4m
2024 · €7.7m-€294,204
Largest movements
Assets
- Receivables within one year -€394,420
down €394,420 (-19.7%), from €2.0m to €1.6m
of which Trade receivables: -€392,186
- Stocks and contracts +€215,428
up €215,428 (+4.0%), from €5.4m to €5.6m
- Tangible fixed assets -€100,860
down €100,860 (-42.2%), from €238,787 to €137,927
of which Other tangible fixed assets: -€69,591
Equity and liabilities
- Trade debts -€513,859
down €513,859 (-42.1%), from €1.2m to €707,757
- Short-term financial debts +€280,647
up €280,647 (+33.4%), from €839,178 to €1.1m
- Reserves +€90,661
up €90,661 (+2.6%), from €3.5m to €3.6m
of which Distributable reserves: +€90,661
Income statement
- Turnover -€11.6m
no longer reported in 2025 (was €11.6m)
- Goods and materials -€8.7m
no longer reported in 2025 (was €8.7m)
of which Purchases: -€8.8m
- Services and other goods -€1.5m
no longer reported in 2025 (was €1.5m)
- Gross operating margin +€1.4m
new in 2025: €1.4m
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
€81,155
Turnover
-€11.6m
Other operating income
-€55,313
Goods and materials
+€8.7m
Services and other goods
+€1.5m
Staff costs
+€54,307
Depreciation
-€24,799
Other operating charges
+€4,936
Other operating items
+€1.3m
Financial income
-€6,093
Financial charges
+€14,430
Taxes
-€1,210
Result 2025
€90,661
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.
From operations
-€239,529
Investment
-€17,524
Financing
+€247,205
Cash 2024
€87,552
From operations (derived)
-€239,529
Net result for the year
+€90,661
Depreciation
+€120,975
Stocks and contracts
-€215,428
Receivables within one year
+€394,420
Deferred charges and accrued income
+€1,913
Trade debts
-€513,859
Tax, wage and social debts
-€54,448
Other debts
-€74,671
Accrued charges and deferred income
+€10,908
Investment (derived)
-€17,524
Investment in fixed assets (net)
-€17,524
Financing
+€247,205
Debts after one year
-€32,106
Current portion of long-term debt
-€1,336
Short-term financial debts
+€280,647
Cash 2025
€77,704
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,713,659 | €7,419,455 | -€294,204 | -3.8% |
| Fixed assets | 21/28 | €241,527 | €138,075 | -€103,452 | -42.8% |
| Intangible fixed assets | 21 | €2,592 | €0 | -€2,592 | -100.0% |
| Tangible fixed assets | 22/27 | €238,787 | €137,927 | -€100,860 | -42.2% |
| Plant, machinery and equipment | 23 | €84,675 | €56,225 | -€28,450 | -33.6% |
| Furniture and vehicles | 24 | €25,808 | €22,989 | -€2,819 | -10.9% |
| Other tangible fixed assets | 26 | €128,304 | €58,713 | -€69,591 | -54.2% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Other financial fixed assets | 284/8 | €149 | - | -€149 | |
| Amounts receivable and cash guarantees | 285/8 | €149 | - | -€149 | |
| Current assets | 29/58 | €7,472,132 | €7,281,379 | -€190,752 | -2.6% |
| Stocks and contracts in progress | 3 | €5,375,577 | €5,591,005 | +€215,428 | +4.0% |
| Stocks | 30/36 | €5,375,577 | €5,591,005 | +€215,428 | +4.0% |
| Goods purchased for resale | 34 | €5,375,577 | - | -€5.4m | |
| Amounts receivable within one year | 40/41 | €2,007,090 | €1,612,670 | -€394,420 | -19.7% |
| Trade receivables | 40 | €1,996,573 | €1,604,388 | -€392,186 | -19.6% |
| Other amounts receivable | 41 | €10,517 | €8,282 | -€2,234 | -21.2% |
| Cash at bank and in hand | 54/58 | €87,552 | €77,704 | -€9,847 | -11.2% |
| Deferred charges and accrued income | 490/1 | €1,913 | €0 | -€1,913 | -100.0% |
| Total equity and liabilities | 10/49 | €7,713,659 | €7,419,455 | -€294,204 | -3.8% |
| Equity | 10/15 | €3,816,877 | €3,907,537 | +€90,661 | +2.4% |
| Contributions | 10/11 | €277,740 | €277,740 | = | 0.0% |
| Capital | 10 | €277,740 | €277,740 | = | 0.0% |
| Issued capital | 100 | €277,740 | €277,740 | = | 0.0% |
| Reserves | 13 | €3,539,137 | €3,629,798 | +€90,661 | +2.6% |
| Non-distributable reserves | 130/1 | €27,774 | €27,774 | = | 0.0% |
| Legal reserve | 130 | €27,774 | €27,774 | = | 0.0% |
| Tax-exempt reserves | 132 | €60,133 | €60,133 | = | 0.0% |
| Distributable reserves | 133 | €3,451,230 | €3,541,890 | +€90,661 | +2.6% |
| Amounts payable | 17/49 | €3,896,782 | €3,511,917 | -€384,865 | -9.9% |
| Amounts payable after more than one year | 17 | €120,106 | €88,000 | -€32,106 | -26.7% |
| Financial debts | 170/4 | €32,106 | €0 | -€32,106 | -100.0% |
| Credit institutions | 173 | €32,106 | - | -€32,106 | |
| Other amounts payable | 178/9 | €88,000 | €88,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,775,512 | €3,411,845 | -€363,667 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €33,442 | €32,106 | -€1,336 | -4.0% |
| Financial debts | 43 | €839,178 | €1,119,824 | +€280,647 | +33.4% |
| Credit institutions | 430/8 | €839,178 | €1,119,824 | +€280,647 | +33.4% |
| Trade debts | 44 | €1,221,616 | €707,757 | -€513,859 | -42.1% |
| Suppliers | 440/4 | €1,221,616 | €707,757 | -€513,859 | -42.1% |
| Taxes, remuneration and social security | 45 | €248,758 | €194,310 | -€54,448 | -21.9% |
| Taxes | 450/3 | €110,122 | €72,664 | -€37,457 | -34.0% |
| Remuneration and social security | 454/9 | €138,636 | €121,645 | -€16,991 | -12.3% |
| Other amounts payable | 47/48 | €1,432,520 | €1,357,848 | -€74,671 | -5.2% |
| Accrued charges and deferred income | 492/3 | €1,164 | €12,072 | +€10,908 | +937.1% |
| Operating income | 70/76A | €11,622,782 | - | -€11.6m | |
| Turnover | 70 | €11,562,069 | - | -€11.6m | |
| Own construction capitalised | 72 | €5,400 | - | -€5,400 | |
| Other operating income | 74 | €55,313 | - | -€55,313 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €11,497,217 | - | -€11.5m | |
| Goods for resale, raw materials and consumables | 60 | €8,690,390 | - | -€8.7m | |
| Purchases | 600/8 | €8,837,612 | - | -€8.8m | |
| Change in stocks: decrease (increase) | 609 | -€147,222 | - | +€147,222 | |
| Services and other goods | 61 | €1,546,504 | - | -€1.5m | |
| Remuneration, social security and pensions | 62 | €1,144,374 | €1,090,068 | -€54,307 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,176 | €120,975 | +€24,799 | +25.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €19,774 | €14,838 | -€4,936 | -25.0% |
| Non-recurring operating charges | 66A | €0 | €355 | +€355 | |
| Gross operating margin | 9900 | - | €1,354,179 | +€1.4m | |
| Operating profit (loss) | 9901 | €125,564 | €127,943 | +€2,379 | +1.9% |
| Financial income | 75/76B | €98,763 | €92,670 | -€6,093 | -6.2% |
| Recurring financial income | 75 | €98,763 | €92,670 | -€6,093 | -6.2% |
| Other financial income | 752/9 | €98,763 | - | -€98,763 | |
| Financial charges | 65/66B | €92,589 | €78,160 | -€14,430 | -15.6% |
| Recurring financial charges | 65 | €92,589 | €78,160 | -€14,430 | -15.6% |
| Debt charges | 650 | €65,387 | - | -€65,387 | |
| Other financial charges | 652/9 | €27,203 | - | -€27,203 | |
| Profit (loss) for the period before taxes | 9903 | €131,738 | €142,453 | +€10,715 | +8.1% |
| Income taxes | 67/77 | €50,583 | €51,793 | +€1,210 | +2.4% |
| Taxes | 670/3 | €50,583 | - | -€50,583 | |
| Profit (loss) for the period | 9904 | €81,155 | €90,661 | +€9,505 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €81,155 | €90,661 | +€9,505 | +11.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.