R4E Partners Holding: 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.
R4E Partners Holding
Largest movements
- Cash -€987
down €987 (-21.2%), from €4,652 to €3,666
mainly Net result for the year (-€1,257) and Trade debts (-€423)
- Receivables within one year -€693
down €693 (-30.8%), from €2,246 to €1,553
of which Trade receivables: -€968
- Profit (loss) carried forward -€1,257
down €1,257 (-15.7%), from -€8,005 to -€9,262
- Trade debts -€423
down €423 (-52.8%), from €800 to €377
- Gross operating margin +€4,097
up €4,097 (+79.1%), from -€5,181 to -€1,085
- Financial charges -€153
down €153 (-74.5%), from €205 to €52
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 | €31,899 | €30,219 | -€1,680 | -5.3% |
| Fixed assets | 21/28 | €25,000 | €25,000 | = | 0.0% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €6,899 | €5,219 | -€1,680 | -24.3% |
| Amounts receivable within one year | 40/41 | €2,246 | €1,553 | -€693 | -30.8% |
| Trade receivables | 40 | €968 | - | -€968 | |
| Other amounts receivable | 41 | €1,278 | €1,553 | +€275 | +21.5% |
| Cash at bank and in hand | 54/58 | €4,652 | €3,666 | -€987 | -21.2% |
| Total equity and liabilities | 10/49 | €31,899 | €30,219 | -€1,680 | -5.3% |
| Equity | 10/15 | €11,995 | €10,738 | -€1,257 | -10.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,005 | -€9,262 | -€1,257 | -15.7% |
| Amounts payable | 17/49 | €19,904 | €19,481 | -€423 | -2.1% |
| Amounts payable within one year | 42/48 | €19,904 | €19,481 | -€423 | -2.1% |
| Trade debts | 44 | €800 | €377 | -€423 | -52.8% |
| Suppliers | 440/4 | €800 | €377 | -€423 | -52.8% |
| Other amounts payable | 47/48 | €19,104 | €19,104 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€5,181 | -€1,085 | +€4,097 | +79.1% |
| Operating profit (loss) | 9901 | -€5,299 | -€1,205 | +€4,095 | +77.3% |
| Financial charges | 65/66B | €205 | €52 | -€153 | -74.5% |
| Recurring financial charges | 65 | €205 | €52 | -€153 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,504 | -€1,257 | +€4,247 | +77.2% |
| Profit (loss) for the period | 9904 | -€5,504 | -€1,257 | +€4,247 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,504 | -€1,257 | +€4,247 | +77.2% |
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 23 October 2026 via checked.be.