PARTRAMAR: 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.
PARTRAMAR
Largest movements
- Tangible fixed assets -€146,362
down €146,362 (-9.2%), from €1.6m to €1.4m
of which Land and buildings: -€146,114
- Receivables within one year -€130,215
down €130,215 (-78.5%), from €165,857 to €35,642
of which Trade receivables: -€158,614
- Debts after one year -€316,881
down €316,881 (-14.5%), from €2.2m to €1.9m
of which Financial debts: -€317,421
- Current portion of long-term debt -€84,910
down €84,910 (-47.3%), from €179,396 to €94,486
- Reserves +€76,941
up €76,941 (+70.3%), from €109,501 to €186,443
of which Tax-exempt reserves: +€74,377
- Trade debts +€46,679
up €46,679 (+398.7%), from €11,708 to €58,386
- Other debts -€29,487
down €29,487 (-51.9%), from €56,776 to €27,289
- Financial income +€101,486
up €101,486 (+419.5%), from €24,193 to €125,679
of which Non-recurring financial income: +€100,467
- Gross operating margin -€68,445
down €68,445 (-20.2%), from €338,571 to €270,126
- Depreciation -€58,379
down €58,379 (-31.9%), from €183,046 to €124,667
- Other operating charges +€28,195
up €28,195 (+80.5%), from €35,009 to €63,204
- Financial charges +€3,886
up €3,886 (+6.5%), from €60,239 to €64,125
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 | €2,623,868 | €2,332,092 | -€291,777 | -11.1% |
| Fixed assets | 21/28 | €1,676,067 | €1,504,130 | -€171,937 | -10.3% |
| Intangible fixed assets | 21 | €76,727 | €51,151 | -€25,576 | -33.3% |
| Tangible fixed assets | 22/27 | €1,583,901 | €1,437,539 | -€146,362 | -9.2% |
| Land and buildings | 22 | €1,583,653 | €1,437,539 | -€146,114 | -9.2% |
| Furniture and vehicles | 24 | €248 | €0 | -€248 | -100.0% |
| Financial fixed assets | 28 | €15,439 | €15,439 | = | 0.0% |
| Current assets | 29/58 | €947,801 | €827,962 | -€119,839 | -12.6% |
| Amounts receivable after more than one year | 29 | €628,564 | €653,707 | +€25,143 | +4.0% |
| Trade receivables | 290 | €628,564 | €653,707 | +€25,143 | +4.0% |
| Amounts receivable within one year | 40/41 | €165,857 | €35,642 | -€130,215 | -78.5% |
| Trade receivables | 40 | €158,614 | €0 | -€158,614 | -100.0% |
| Other amounts receivable | 41 | €7,243 | €35,642 | +€28,399 | +392.1% |
| Cash at bank and in hand | 54/58 | €138,159 | €122,147 | -€16,013 | -11.6% |
| Deferred charges and accrued income | 490/1 | €15,221 | €16,467 | +€1,246 | +8.2% |
| Total equity and liabilities | 10/49 | €2,623,868 | €2,332,092 | -€291,777 | -11.1% |
| Equity | 10/15 | €170,890 | €247,832 | +€76,941 | +45.0% |
| Contributions | 10/11 | €61,389 | €61,389 | = | 0.0% |
| Reserves | 13 | €109,501 | €186,443 | +€76,941 | +70.3% |
| Non-distributable reserves | 130/1 | €12,292 | €12,292 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,292 | €12,292 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €74,377 | +€74,377 | |
| Distributable reserves | 133 | €97,210 | €99,774 | +€2,564 | +2.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €24,792 | +€24,792 | |
| Deferred taxes | 168 | - | €24,792 | +€24,792 | |
| Amounts payable | 17/49 | €2,452,978 | €2,059,468 | -€393,510 | -16.0% |
| Amounts payable after more than one year | 17 | €2,177,884 | €1,861,004 | -€316,881 | -14.5% |
| Financial debts | 170/4 | €2,145,608 | €1,828,187 | -€317,421 | -14.8% |
| Other amounts payable | 178/9 | €32,277 | €32,817 | +€540 | +1.7% |
| Amounts payable within one year | 42/48 | €262,175 | €193,236 | -€68,939 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €179,396 | €94,486 | -€84,910 | -47.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,708 | €58,386 | +€46,679 | +398.7% |
| Suppliers | 440/4 | €11,708 | €58,386 | +€46,679 | +398.7% |
| Taxes, remuneration and social security | 45 | €14,295 | €13,075 | -€1,221 | -8.5% |
| Taxes | 450/3 | €14,295 | €13,075 | -€1,221 | -8.5% |
| Other amounts payable | 47/48 | €56,776 | €27,289 | -€29,487 | -51.9% |
| Accrued charges and deferred income | 492/3 | €12,919 | €5,228 | -€7,691 | -59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,046 | €124,667 | -€58,379 | -31.9% |
| Other operating charges | 640/8 | €35,009 | €63,204 | +€28,195 | +80.5% |
| Non-recurring operating charges | 66A | €982 | €4,000 | +€3,018 | +307.5% |
| Gross operating margin | 9900 | €338,571 | €270,126 | -€68,445 | -20.2% |
| Operating profit (loss) | 9901 | €119,535 | €78,255 | -€41,280 | -34.5% |
| Financial income | 75/76B | €24,193 | €125,679 | +€101,486 | +419.5% |
| Recurring financial income | 75 | €24,193 | €25,212 | +€1,018 | +4.2% |
| Non-recurring financial income | 76B | - | €100,467 | +€100,467 | |
| Financial charges | 65/66B | €60,239 | €64,125 | +€3,886 | +6.5% |
| Recurring financial charges | 65 | €60,239 | €64,125 | +€3,886 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €83,488 | €139,808 | +€56,320 | +67.5% |
| Transfer from deferred taxes | 780 | - | €324 | +€324 | |
| Transfer to deferred taxes | 680 | - | €25,117 | +€25,117 | |
| Income taxes | 67/77 | €14,301 | €13,075 | -€1,226 | -8.6% |
| Profit (loss) for the period | 9904 | €69,188 | €101,941 | +€32,754 | +47.3% |
| Transfer from tax-exempt reserves | 789 | - | €973 | +€973 | |
| Transfer to tax-exempt reserves | 689 | - | €75,350 | +€75,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,188 | €27,564 | -€41,624 | -60.2% |
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 29 September 2026 via checked.be.