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Partshouse: 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

Partshouse

BE 0846.371.817
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€44,558
2024 · -€19,720-€24,838
Equity
€35,330
2024 · €79,889-€44,558
Cash
€134,348
2024 · €117,957+€16,390
Balance sheet total
€272,417
2024 · €222,311+€50,106

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€53,226

    up €53,226 (+147.2%), from €36,148 to €89,373

    of which Trade receivables: +€29,853

  • Cash +€16,390

    up €16,390 (+13.9%), from €117,957 to €134,348

    mainly Trade debts (+€120,599) and Depreciation (+€15,998)

  • Tangible fixed assets -€13,001

    down €13,001 (-52.9%), from €24,584 to €11,583

    of which Leasing and similar rights: -€10,519

  • Intangible fixed assets -€2,997

    down €2,997 (-90.8%), from €3,300 to €304

Equity and liabilities
  • Trade debts +€120,599

    up €120,599 (+299.5%), from €40,271 to €160,870

  • Profit (loss) carried forward -€39,540

    new in 2025: -€39,540

  • Debts after one year -€8,982

    no longer reported in 2025 (was €8,982)

  • Tax, wage and social debts -€7,708

    down €7,708 (-49.7%), from €15,497 to €7,789

    of which Remuneration and social security: -€4,651

  • Reserves -€5,019

    down €5,019 (-7.4%), from €67,489 to €62,470

Income statement
  • Gross operating margin -€21,310

    down €21,310 (-34.7%), from €61,483 to €40,173

  • Staff costs +€2,800

    up €2,800 (+4.5%), from €62,080 to €64,880

  • Financial charges +€1,445

    up €1,445 (+156.5%), from €924 to €2,369

  • Financial income -€901

    down €901 (-58.3%), from €1,546 to €645

  • Other operating charges -€894

    down €894 (-32.9%), from €2,715 to €1,821

From the 2024 result to the 2025 result

effect on the 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 -€19,720
Gross operating margin -€21,310
Staff costs -€2,800
Depreciation +€715
Other operating charges +€894
Financial income -€901
Financial charges -€1,445
Taxes +€9
Result 2025 -€44,558

Cash bridge derived

cash 2024 to 2025

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 +€27,053
Investment €0
Financing -€10,663
Cash 2024 €117,957
Net result for the year -€44,558
Depreciation +€15,998
Stocks and contracts +€1,762
Receivables within one year -€53,226
Deferred charges and accrued income +€1,751
Trade debts +€120,599
Tax, wage and social debts -€7,708
Advances received -€3,916
Other debts -€3,675
Accrued charges and deferred income +€26
Debts after one year -€8,982
Current portion of long-term debt -€1,681
Cash 2025 €134,348
Every line side by side 48 lines
Line Code 2024 2025 Change %
Total assets 20/58 €222,311 €272,417 +€50,106 +22.5%
Fixed assets 21/28 €31,837 €15,839 -€15,998 -50.2%
Intangible fixed assets 21 €3,300 €304 -€2,997 -90.8%
Tangible fixed assets 22/27 €24,584 €11,583 -€13,001 -52.9%
Plant, machinery and equipment 23 €4,641 €2,159 -€2,482 -53.5%
Furniture and vehicles 24 €0 €0 =
Leasing and similar rights 25 €19,943 €9,424 -€10,519 -52.7%
Financial fixed assets 28 €3,953 €3,953 = 0.0%
Current assets 29/58 €190,474 €256,577 +€66,103 +34.7%
Stocks and contracts in progress 3 €26,486 €24,725 -€1,762 -6.7%
Stocks 30/36 €26,486 €24,725 -€1,762 -6.7%
Amounts receivable within one year 40/41 €36,148 €89,373 +€53,226 +147.2%
Trade receivables 40 €3,050 €32,903 +€29,853 +978.7%
Other amounts receivable 41 €33,098 €56,471 +€23,373 +70.6%
Cash at bank and in hand 54/58 €117,957 €134,348 +€16,390 +13.9%
Deferred charges and accrued income 490/1 €9,882 €8,132 -€1,751 -17.7%
Total equity and liabilities 10/49 €222,311 €272,417 +€50,106 +22.5%
Equity 10/15 €79,889 €35,330 -€44,558 -55.8%
Contributions 10/11 €12,400 €12,400 = 0.0%
Reserves 13 €67,489 €62,470 -€5,019 -7.4%
Distributable reserves 133 €67,489 €62,470 -€5,019 -7.4%
Profit (loss) carried forward 14 - -€39,540 -€39,540
Amounts payable 17/49 €142,422 €237,086 +€94,664 +66.5%
Amounts payable after more than one year 17 €8,982 - -€8,982
Financial debts 170/4 €8,982 - -€8,982
Amounts payable within one year 42/48 €133,441 €237,061 +€103,620 +77.7%
Current portion of amounts payable after more than one year 42 €10,663 €8,982 -€1,681 -15.8%
Trade debts 44 €40,271 €160,870 +€120,599 +299.5%
Suppliers 440/4 €40,271 €160,870 +€120,599 +299.5%
Advances received on contracts in progress 46 €3,916 - -€3,916
Taxes, remuneration and social security 45 €15,497 €7,789 -€7,708 -49.7%
Taxes 450/3 €3,056 - -€3,056
Remuneration and social security 454/9 €12,441 €7,789 -€4,651 -37.4%
Other amounts payable 47/48 €63,094 €59,420 -€3,675 -5.8%
Accrued charges and deferred income 492/3 - €26 +€26
Remuneration, social security and pensions 62 €62,080 €64,880 +€2,800 +4.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €16,713 €15,998 -€715 -4.3%
Other operating charges 640/8 €2,715 €1,821 -€894 -32.9%
Gross operating margin 9900 €61,483 €40,173 -€21,310 -34.7%
Operating profit (loss) 9901 -€20,025 -€42,526 -€22,501 -112.4%
Financial income 75/76B €1,546 €645 -€901 -58.3%
Recurring financial income 75 €1,546 €645 -€901 -58.3%
Financial charges 65/66B €924 €2,369 +€1,445 +156.5%
Recurring financial charges 65 €924 €2,369 +€1,445 +156.5%
Profit (loss) for the period before taxes 9903 -€19,403 -€44,250 -€24,847 -128.1%
Income taxes 67/77 €317 €308 -€9 -2.9%
Profit (loss) for the period 9904 -€19,720 -€44,558 -€24,838 -126.0%
Profit (loss) for the period to be appropriated 9905 -€19,720 -€44,558 -€24,838 -126.0%

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.