PROCUREMENT PARTNERS: 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.
PROCUREMENT PARTNERS
Largest movements
- Current investments +€3.0m
new in 2025: €3.0m
- Cash +€1.9m
up €1.9m (+19,094%), from €9,863 to €1.9m
mainly Net result for the year (+€4.8m) and Trade debts (+€837,139)
- Receivables within one year +€326,061
up €326,061 (+177%), from €184,286 to €510,347
of which Other amounts receivable: +€397,401
- Reserves +€4.8m
up €4.8m (+3,874%), from €123,950 to €4.9m
of which Distributable reserves: +€4.8m
- Trade debts +€837,139
up €837,139 (+676%), from €123,922 to €961,061
- Debts after one year -€548,077
down €548,077 (-75.7%), from €724,290 to €176,213
- Tax, wage and social debts +€388,606
up €388,606 (+28,213%), from €1,377 to €389,983
- Other debts -€171,160
down €171,160 (-74.6%), from €229,322 to €58,162
- Financial income +€5.6m
up €5.6m (+86,724,707%), from €6 to €5.6m
of which Non-recurring financial income: +€5.5m
- Gross operating margin -€649,454
down €649,454, from €590,009 to -€59,445
- Taxes +€431,826
up €431,826 (+428%), from €100,997 to €532,823
- Depreciation -€77,771
down €77,771 (-41.0%), from €189,844 to €112,073
- Financial charges +€32,571
up €32,571 (+111%), from €29,432 to €62,003
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 | €2,976,360 | €8,115,190 | +€5.1m | +173% |
| Fixed assets | 21/28 | €2,774,853 | €2,698,236 | -€76,617 | -2.8% |
| Tangible fixed assets | 22/27 | €2,754,668 | €2,690,902 | -€63,766 | -2.3% |
| Land and buildings | 22 | €2,698,563 | €2,620,917 | -€77,646 | -2.9% |
| Plant, machinery and equipment | 23 | €520 | €313 | -€206 | -39.7% |
| Furniture and vehicles | 24 | €54,901 | €64,134 | +€9,233 | +16.8% |
| Other tangible fixed assets | 26 | €685 | €5,538 | +€4,853 | +708% |
| Financial fixed assets | 28 | €20,185 | €7,334 | -€12,851 | -63.7% |
| Current assets | 29/58 | €201,507 | €5,416,955 | +€5.2m | +2,588% |
| Amounts receivable within one year | 40/41 | €184,286 | €510,347 | +€326,061 | +177% |
| Trade receivables | 40 | €128,283 | €56,943 | -€71,340 | -55.6% |
| Other amounts receivable | 41 | €56,003 | €453,404 | +€397,401 | +710% |
| Current investments | 50/53 | - | €3,000,000 | +€3.0m | |
| Cash at bank and in hand | 54/58 | €9,863 | €1,893,178 | +€1.9m | +19,094% |
| Deferred charges and accrued income | 490/1 | €7,358 | €13,430 | +€6,072 | +82.5% |
| Total equity and liabilities | 10/49 | €2,976,360 | €8,115,190 | +€5.1m | +173% |
| Equity | 10/15 | €1,632,957 | €6,434,894 | +€4.8m | +294% |
| Contributions | 10/11 | €142,105 | €142,105 | = | 0.0% |
| Reserves | 13 | €123,950 | €4,925,887 | +€4.8m | +3,874% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €108,500 | €147,350 | +€38,850 | +35.8% |
| Distributable reserves | 133 | €15,450 | €4,778,537 | +€4.8m | +30,829% |
| Profit (loss) carried forward | 14 | €1,366,902 | €1,366,902 | = | 0.0% |
| Amounts payable | 17/49 | €1,343,403 | €1,680,297 | +€336,894 | +25.1% |
| Amounts payable after more than one year | 17 | €724,290 | €176,213 | -€548,077 | -75.7% |
| Financial debts | 170/4 | €724,290 | €176,213 | -€548,077 | -75.7% |
| Amounts payable within one year | 42/48 | €606,645 | €1,491,521 | +€884,876 | +146% |
| Current portion of amounts payable after more than one year | 42 | €252,024 | €82,315 | -€169,709 | -67.3% |
| Trade debts | 44 | €123,922 | €961,061 | +€837,139 | +676% |
| Suppliers | 440/4 | €123,922 | €961,061 | +€837,139 | +676% |
| Taxes, remuneration and social security | 45 | €1,377 | €389,983 | +€388,606 | +28,213% |
| Taxes | 450/3 | €1,377 | €389,983 | +€388,606 | +28,213% |
| Other amounts payable | 47/48 | €229,322 | €58,162 | -€171,160 | -74.6% |
| Accrued charges and deferred income | 492/3 | €12,468 | €12,562 | +€94 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189,844 | €112,073 | -€77,771 | -41.0% |
| Other operating charges | 640/8 | €11,252 | €8,889 | -€2,363 | -21.0% |
| Non-recurring operating charges | 66A | €224 | €16,580 | +€16,356 | +7,295% |
| Gross operating margin | 9900 | €590,009 | -€59,445 | -€649,454 | |
| Operating profit (loss) | 9901 | €388,688 | -€196,987 | -€585,675 | |
| Financial income | 75/76B | €6 | €5,593,750 | +€5.6m | +86,724,707% |
| Recurring financial income | 75 | €6 | €49,411 | +€49,405 | +765,969% |
| Non-recurring financial income | 76B | - | €5,544,339 | +€5.5m | |
| Financial charges | 65/66B | €29,432 | €62,003 | +€32,571 | +111% |
| Recurring financial charges | 65 | €29,432 | €62,003 | +€32,571 | +111% |
| Profit (loss) for the period before taxes | 9903 | €359,262 | €5,334,760 | +€5.0m | +1,385% |
| Income taxes | 67/77 | €100,997 | €532,823 | +€431,826 | +428% |
| Profit (loss) for the period | 9904 | €258,265 | €4,801,937 | +€4.5m | +1,759% |
| Transfer to tax-exempt reserves | 689 | €108,500 | €38,850 | -€69,650 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €149,765 | €4,763,087 | +€4.6m | +3,080% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.