Partner: what changed
What changed
Partner
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€647,893
2024 · €641,562+€6,330
Equity
€4.7m
2024 · €4.1m+€647,893
Cash
€171,304
2024 · €158,591+€12,713
Balance sheet total
€15.1m
2024 · €17.2m-€2.1m
Largest movements
Assets
- Stocks and contracts -€1.0m
down €1.0m (-16.7%), from €6.3m to €5.2m
- Tangible fixed assets -€669,800
down €669,800 (-11.2%), from €6.0m to €5.3m
of which Land and buildings: -€569,281
- Receivables within one year -€439,288
down €439,288 (-56.5%), from €776,959 to €337,672
of which Other amounts receivable: -€473,080
Equity and liabilities
- Other debts -€1.5m
down €1.5m (-33.1%), from €4.6m to €3.1m
- Short-term financial debts -€1.2m
down €1.2m (-43.8%), from €2.7m to €1.5m
- Reserves +€450,179
up €450,179 (+20.9%), from €2.2m to €2.6m
of which Tax-exempt reserves: +€450,179
- Debts after one year -€347,547
down €347,547 (-6.7%), from €5.2m to €4.8m
of which Financial debts: -€347,547
- Profit (loss) carried forward +€197,713
up €197,713 (+17.1%), from €1.2m to €1.4m
Income statement
- Gross operating margin +€196,710
up €196,710 (+12.7%), from €1.6m to €1.7m
- Financial charges +€124,208
up €124,208 (+37.4%), from €332,097 to €456,305
of which Financial charges: +€125,594
- Provisions +€103,627
up €103,627, from -€103,627 to €0
- Taxes -€94,698
down €94,698 (-52.2%), from €181,478 to €86,780
- Other operating charges -€38,440
down €38,440 (-25.1%), from €153,208 to €114,769
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€641,562
Gross operating margin
+€196,710
Depreciation
-€12,574
Provisions
-€103,627
Other operating charges
+€38,440
Financial income
+€7,738
Financial charges
-€124,208
Taxes
+€94,698
Deferred taxes and other
-€90,847
Result 2025
€647,893
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.2m
Investment
+€357,866
Financing
-€1.6m
Cash 2024
€158,591
From operations (derived)
+€1.2m
Net result for the year
+€647,893
Depreciation
+€311,933
Smaller working-capital items
+€1,814
Stocks and contracts
+€1.0m
Receivables within one year
+€439,288
Provisions
+€148,909
Trade debts
+€98,970
Tax, wage and social debts
+€37,696
Other debts
-€1.5m
Investment (derived)
+€357,866
Investment in fixed assets (net)
+€357,866
Financing
-€1.6m
Debts after one year
-€347,547
Current portion of long-term debt
-€13,141
Short-term financial debts
-€1.2m
Cash 2025
€171,304
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,244,054 | €15,094,244 | -€2.1m | -12.5% |
| Fixed assets | 21/28 | €9,970,559 | €9,300,760 | -€669,800 | -6.7% |
| Tangible fixed assets | 22/27 | €5,970,559 | €5,300,760 | -€669,800 | -11.2% |
| Land and buildings | 22 | €5,454,274 | €4,884,993 | -€569,281 | -10.4% |
| Furniture and vehicles | 24 | €332,718 | €232,199 | -€100,519 | -30.2% |
| Other tangible fixed assets | 26 | €183,567 | €183,567 | = | 0.0% |
| Financial fixed assets | 28 | €4,000,000 | €4,000,000 | = | 0.0% |
| Current assets | 29/58 | €7,273,495 | €5,793,484 | -€1.5m | -20.3% |
| Amounts receivable after more than one year | 29 | €14,378 | €11,403 | -€2,975 | -20.7% |
| Trade receivables | 290 | €14,378 | €11,403 | -€2,975 | -20.7% |
| Stocks and contracts in progress | 3 | €6,289,955 | €5,241,974 | -€1.0m | -16.7% |
| Stocks | 30/36 | €6,289,955 | €5,241,974 | -€1.0m | -16.7% |
| Amounts receivable within one year | 40/41 | €776,959 | €337,672 | -€439,288 | -56.5% |
| Trade receivables | 40 | €3,006 | €36,798 | +€33,792 | +1,124% |
| Other amounts receivable | 41 | €773,953 | €300,874 | -€473,080 | -61.1% |
| Current investments | 50/53 | €14,018 | €14,018 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €158,591 | €171,304 | +€12,713 | +8.0% |
| Deferred charges and accrued income | 490/1 | €19,593 | €17,113 | -€2,480 | -12.7% |
| Total equity and liabilities | 10/49 | €17,244,054 | €15,094,244 | -€2.1m | -12.5% |
| Equity | 10/15 | €4,089,391 | €4,737,283 | +€647,893 | +15.8% |
| Contributions | 10/11 | €785,908 | €785,908 | = | 0.0% |
| Reserves | 13 | €2,150,026 | €2,600,205 | +€450,179 | +20.9% |
| Tax-exempt reserves | 132 | €352,968 | €803,148 | +€450,179 | +128% |
| Distributable reserves | 133 | €1,797,058 | €1,797,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,153,457 | €1,351,170 | +€197,713 | +17.1% |
| Provisions and deferred taxes | 16 | €136,806 | €285,715 | +€148,909 | +109% |
| Provisions for liabilities and charges | 160/5 | €6,729 | €6,050 | -€679 | -10.1% |
| Taxes | 161 | €6,729 | €6,050 | -€679 | -10.1% |
| Environmental obligations | 163 | €0 | - | = | |
| Deferred taxes | 168 | €130,077 | €279,665 | +€149,587 | +115% |
| Amounts payable | 17/49 | €13,017,858 | €10,071,246 | -€2.9m | -22.6% |
| Amounts payable after more than one year | 17 | €5,180,606 | €4,833,058 | -€347,547 | -6.7% |
| Financial debts | 170/4 | €5,175,432 | €4,827,884 | -€347,547 | -6.7% |
| Other amounts payable | 178/9 | €5,174 | €5,174 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,822,722 | €5,227,299 | -€2.6m | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €349,624 | €336,483 | -€13,141 | -3.8% |
| Financial debts | 43 | €2,737,997 | €1,537,439 | -€1.2m | -43.8% |
| Credit institutions | 430/8 | €2,737,997 | €1,537,439 | -€1.2m | -43.8% |
| Trade debts | 44 | €139,029 | €237,999 | +€98,970 | +71.2% |
| Suppliers | 440/4 | €139,029 | €237,999 | +€98,970 | +71.2% |
| Taxes, remuneration and social security | 45 | €3,191 | €40,887 | +€37,696 | +1,181% |
| Taxes | 450/3 | €3,191 | €40,887 | +€37,696 | +1,181% |
| Other amounts payable | 47/48 | €4,592,882 | €3,074,492 | -€1.5m | -33.1% |
| Accrued charges and deferred income | 492/3 | €14,529 | €10,889 | -€3,641 | -25.1% |
| Non-recurring operating income | 76A | - | €641,272 | +€641,272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €299,360 | €311,933 | +€12,574 | +4.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€103,627 | €0 | +€103,627 | |
| Other operating charges | 640/8 | €153,208 | €114,769 | -€38,440 | -25.1% |
| Gross operating margin | 9900 | €1,552,922 | €1,749,632 | +€196,710 | +12.7% |
| Operating profit (loss) | 9901 | €1,203,981 | €1,322,930 | +€118,949 | +9.9% |
| Financial income | 75/76B | €9,218 | €16,956 | +€7,738 | +83.9% |
| Recurring financial income | 75 | €8,149 | €16,956 | +€8,807 | +108% |
| Non-recurring financial income | 76B | €1,069 | €0 | -€1,069 | -100% |
| Financial charges | 65/66B | €332,097 | €456,305 | +€124,208 | +37.4% |
| Recurring financial charges | 65 | €330,710 | €456,305 | +€125,594 | +38.0% |
| Non-recurring financial charges | 66B | €1,387 | €0 | -€1,387 | -100% |
| Profit (loss) for the period before taxes | 9903 | €881,102 | €883,581 | +€2,479 | +0.3% |
| Transfer from deferred taxes | 780 | €4,986 | €6,341 | +€1,355 | +27.2% |
| Transfer to deferred taxes | 680 | €63,048 | €155,250 | +€92,202 | +146% |
| Income taxes | 67/77 | €181,478 | €86,780 | -€94,698 | -52.2% |
| Profit (loss) for the period | 9904 | €641,562 | €647,893 | +€6,330 | +1.0% |
| Transfer from tax-exempt reserves | 789 | €11,506 | €15,570 | +€4,065 | +35.3% |
| Transfer to tax-exempt reserves | 689 | €189,145 | €465,750 | +€276,605 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €463,923 | €197,713 | -€266,210 | -57.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.