WORLD PARTNERS: 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
WORLD PARTNERS
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€19.1m
2024 · €4.9m+€14.2m
Equity
€1.22bn
2024 · €1.20bn+€19.1m
Cash
€3.9m
2024 · €6.8m-€2.8m
Balance sheet total
€1.22bn
2024 · €1.20bn+€19.2m
Largest movements
Assets
- Financial fixed assets +€17.1m
up €17.1m (+1.4%), from €1.18bn to €1.20bn
of which Other financial fixed assets: +€17.1m
Equity and liabilities
- Profit (loss) carried forward +€19.1m
up €19.1m (+1.6%), from €1.19bn to €1.21bn
Income statement
- Financial charges -€13.8m
down €13.8m (-76.7%), from €18.0m to €4.2m
of which Financial charges: -€7.1m
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
€4.9m
Other operating charges
+€49,652
Other operating items
+€184,936
Financial income
+€154,161
Financial charges
+€13.8m
Result 2025
€19.1m
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
+€19.5m
Investment
-€22.3m
Financing
€0
Cash 2024
€6.8m
From operations (derived)
+€19.5m
Net result for the year
+€19.1m
Receivables within one year
+€343,165
Smaller working-capital items
-€13,757
Investment (derived)
-€22.3m
Investment in fixed assets (net)
-€17.1m
Current investments
-€5.2m
Cash 2025
€3.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,197,570,364 | €1,216,731,032 | +€19.2m | +1.6% |
| Fixed assets | 21/28 | €1,181,279,461 | €1,198,395,131 | +€17.1m | +1.4% |
| Financial fixed assets | 28 | €1,181,279,461 | €1,198,395,131 | +€17.1m | +1.4% |
| Affiliated companies | 280/1 | €954,844,087 | €954,844,087 | = | 0.0% |
| Participating interests | 280 | €954,844,087 | €954,844,087 | = | 0.0% |
| Other financial fixed assets | 284/8 | €226,435,374 | €243,551,045 | +€17.1m | +7.6% |
| Shares | 284 | €215,061,716 | €243,550,589 | +€28.5m | +13.2% |
| Amounts receivable and cash guarantees | 285/8 | €11,373,658 | €456 | -€11.4m | -100.0% |
| Current assets | 29/58 | €16,290,903 | €18,335,901 | +€2.0m | +12.6% |
| Amounts receivable within one year | 40/41 | €1,119,967 | €776,802 | -€343,165 | -30.6% |
| Other amounts receivable | 41 | €1,119,967 | €776,802 | -€343,165 | -30.6% |
| Current investments | 50/53 | €8,407,778 | €13,572,789 | +€5.2m | +61.4% |
| Other investments | 51/53 | €8,407,778 | €13,572,789 | +€5.2m | +61.4% |
| Cash at bank and in hand | 54/58 | €6,752,520 | €3,938,731 | -€2.8m | -41.7% |
| Deferred charges and accrued income | 490/1 | €10,638 | €47,578 | +€36,940 | +347.2% |
| Total equity and liabilities | 10/49 | €1,197,570,364 | €1,216,731,032 | +€19.2m | +1.6% |
| Equity | 10/15 | €1,197,226,161 | €1,216,363,646 | +€19.1m | +1.6% |
| Contributions | 10/11 | €7,500,000 | €7,500,000 | = | 0.0% |
| Capital | 10 | €7,500,000 | €7,500,000 | = | 0.0% |
| Issued capital | 100 | €7,500,000 | €7,500,000 | = | 0.0% |
| Reserves | 13 | €750,000 | €750,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €750,000 | €750,000 | = | 0.0% |
| Legal reserve | 130 | €750,000 | €750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,188,976,161 | €1,208,113,646 | +€19.1m | +1.6% |
| Amounts payable | 17/49 | €344,203 | €367,386 | +€23,183 | +6.7% |
| Amounts payable within one year | 42/48 | €291,106 | €310,765 | +€19,660 | +6.8% |
| Trade debts | 44 | €268,606 | €280,765 | +€12,160 | +4.5% |
| Suppliers | 440/4 | €268,606 | €280,765 | +€12,160 | +4.5% |
| Taxes, remuneration and social security | 45 | €22,500 | €30,000 | +€7,500 | +33.3% |
| Taxes | 450/3 | €7,500 | €15,000 | +€7,500 | +100.0% |
| Remuneration and social security | 454/9 | €15,000 | €15,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €53,097 | €56,621 | +€3,524 | +6.6% |
| Operating charges | 60/66A | €1,406,228 | €1,171,639 | -€234,588 | -16.7% |
| Services and other goods | 61 | €887,541 | €702,605 | -€184,936 | -20.8% |
| Other operating charges | 640/8 | €518,687 | €469,035 | -€49,652 | -9.6% |
| Operating profit (loss) | 9901 | -€1,406,228 | -€1,171,639 | +€234,588 | +16.7% |
| Financial income | 75/76B | €24,346,048 | €24,500,209 | +€154,161 | +0.6% |
| Recurring financial income | 75 | €10,621,881 | €17,212,084 | +€6.6m | +62.0% |
| Income from financial fixed assets | 750 | €6,358,132 | €6,432,291 | +€74,159 | +1.2% |
| Income from current assets | 751 | €1,755,639 | €593,367 | -€1.2m | -66.2% |
| Other financial income | 752/9 | €2,508,110 | €10,186,427 | +€7.7m | +306.1% |
| Non-recurring financial income | 76B | €13,724,167 | €7,288,124 | -€6.4m | -46.9% |
| Financial charges | 65/66B | €18,010,709 | €4,191,085 | -€13.8m | -76.7% |
| Recurring financial charges | 65 | €8,614,342 | €1,531,975 | -€7.1m | -82.2% |
| Debt charges | 650 | €2,514,072 | - | -€2.5m | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €5,571 | - | -€5,571 | |
| Other financial charges | 652/9 | €6,094,699 | €1,531,975 | -€4.6m | -74.9% |
| Non-recurring financial charges | 66B | €9,396,367 | €2,659,109 | -€6.7m | -71.7% |
| Profit (loss) for the period before taxes | 9903 | €4,929,111 | €19,137,485 | +€14.2m | +288.3% |
| Profit (loss) for the period | 9904 | €4,929,111 | €19,137,485 | +€14.2m | +288.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,929,111 | €19,137,485 | +€14.2m | +288.3% |
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 7 October 2026 via checked.be.