3 CORNERS: 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.
3 CORNERS
Largest movements
- Tangible fixed assets +€40,792
up €40,792 (+4,500%), from €907 to €41,699
of which Furniture and vehicles: +€40,268
- Receivables after one year -€34,286
down €34,286 (-22.4%), from €152,976 to €118,690
of which Other amounts receivable: -€25,000
- Receivables within one year +€14,369
up €14,369 (+41.6%), from €34,507 to €48,875
of which Trade receivables: +€14,369
- Cash -€7,496
down €7,496 (-44.0%), from €17,028 to €9,533
mainly Investment in fixed assets (net) (-€43,482) and Other debts (-€29,440)
- Stocks and contracts -€2,489
down €2,489 (-20.9%), from €11,913 to €9,424
- Debts after one year +€29,593
new in 2025: €29,593
- Other debts -€29,440
down €29,440 (-76.0%), from €38,746 to €9,305
- Trade debts +€9,954
up €9,954 (+13.9%), from €71,537 to €81,491
- Tax, wage and social debts -€9,227
down €9,227 (-23.1%), from €39,885 to €30,658
of which Taxes: -€5,156
- Profit (loss) carried forward +€6,338
up €6,338 (+50.1%), from -€12,645 to -€6,307
- Gross operating margin -€63,714
down €63,714 (-37.2%), from €171,270 to €107,556
- Staff costs -€10,848
down €10,848 (-12.3%), from €87,882 to €77,035
- Taxes +€4,345
up €4,345 (+189%), from €2,296 to €6,641
- Other operating charges +€4,165
up €4,165 (+44.9%), from €9,271 to €13,436
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 | €217,331 | €228,221 | +€10,890 | +5.0% |
| Fixed assets | 21/28 | €907 | €41,699 | +€40,792 | +4,500% |
| Tangible fixed assets | 22/27 | €907 | €41,699 | +€40,792 | +4,500% |
| Plant, machinery and equipment | 23 | €709 | €1,233 | +€524 | +73.8% |
| Furniture and vehicles | 24 | €197 | €40,465 | +€40,268 | +20,431% |
| Current assets | 29/58 | €216,424 | €186,522 | -€29,902 | -13.8% |
| Amounts receivable after more than one year | 29 | €152,976 | €118,690 | -€34,286 | -22.4% |
| Trade receivables | 290 | €47,976 | €38,690 | -€9,286 | -19.4% |
| Other amounts receivable | 291 | €105,000 | €80,000 | -€25,000 | -23.8% |
| Stocks and contracts in progress | 3 | €11,913 | €9,424 | -€2,489 | -20.9% |
| Stocks | 30/36 | €11,913 | €9,424 | -€2,489 | -20.9% |
| Amounts receivable within one year | 40/41 | €34,507 | €48,875 | +€14,369 | +41.6% |
| Trade receivables | 40 | €1,739 | €16,107 | +€14,369 | +826% |
| Other amounts receivable | 41 | €32,768 | €32,768 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €17,028 | €9,533 | -€7,496 | -44.0% |
| Total equity and liabilities | 10/49 | €217,331 | €228,221 | +€10,890 | +5.0% |
| Equity | 10/15 | €63,975 | €70,313 | +€6,338 | +9.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €56,160 | €56,160 | = | 0.0% |
| Distributable reserves | 133 | €56,160 | €56,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,645 | -€6,307 | +€6,338 | +50.1% |
| Amounts payable | 17/49 | €153,356 | €157,908 | +€4,552 | +3.0% |
| Amounts payable after more than one year | 17 | - | €29,593 | +€29,593 | |
| Financial debts | 170/4 | - | €29,593 | +€29,593 | |
| Amounts payable within one year | 42/48 | €153,356 | €128,315 | -€25,041 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €3,188 | €6,860 | +€3,672 | +115% |
| Trade debts | 44 | €71,537 | €81,491 | +€9,954 | +13.9% |
| Suppliers | 440/4 | €71,537 | €81,491 | +€9,954 | +13.9% |
| Taxes, remuneration and social security | 45 | €39,885 | €30,658 | -€9,227 | -23.1% |
| Taxes | 450/3 | €26,809 | €21,652 | -€5,156 | -19.2% |
| Remuneration and social security | 454/9 | €13,076 | €9,005 | -€4,071 | -31.1% |
| Other amounts payable | 47/48 | €38,746 | €9,305 | -€29,440 | -76.0% |
| Non-recurring operating income | 76A | €127,557 | - | -€127,557 | |
| Remuneration, social security and pensions | 62 | €87,882 | €77,035 | -€10,848 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,023 | €2,690 | +€1,667 | +163% |
| Other operating charges | 640/8 | €9,271 | €13,436 | +€4,165 | +44.9% |
| Non-recurring operating charges | 66A | €1,198 | - | -€1,198 | |
| Gross operating margin | 9900 | €171,270 | €107,556 | -€63,714 | -37.2% |
| Operating profit (loss) | 9901 | €71,896 | €14,395 | -€57,501 | -80.0% |
| Financial income | 75/76B | €3,891 | €3,453 | -€437 | -11.2% |
| Recurring financial income | 75 | €3,891 | €3,453 | -€437 | -11.2% |
| Financial charges | 65/66B | €4,630 | €4,869 | +€239 | +5.2% |
| Recurring financial charges | 65 | €4,630 | €4,869 | +€239 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €71,157 | €12,979 | -€58,178 | -81.8% |
| Income taxes | 67/77 | €2,296 | €6,641 | +€4,345 | +189% |
| Profit (loss) for the period | 9904 | €68,861 | €6,338 | -€62,523 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,861 | €6,338 | -€62,523 | -90.8% |
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 18 October 2026 via checked.be.