3-FOLIA: 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-FOLIA
Largest movements
- Stocks and contracts +€30,522
up €30,522 (+10.8%), from €282,834 to €313,355
- Cash +€24,005
up €24,005 (+23.8%), from €100,928 to €124,932
mainly Net result for the year (+€156,896) and Depreciation (+€31,205)
- Intangible fixed assets -€10,128
down €10,128 (-10.4%), from €97,100 to €86,972
- Tangible fixed assets -€8,649
down €8,649 (-11.6%), from €74,376 to €65,728
of which Other tangible fixed assets: -€13,630
- Receivables within one year +€7,306
up €7,306 (+8.6%), from €84,969 to €92,274
of which Other amounts receivable: +€4,244
- Reserves +€116,222
new in 2025: €116,222
- Other debts -€99,190
down €99,190 (-66.6%), from €148,854 to €49,664
- Debts after one year -€46,260
down €46,260 (-17.2%), from €268,502 to €222,242
of which Other amounts payable: -€24,000
- Profit (loss) carried forward +€40,674
up €40,674, from -€40,674 to €0
- Trade debts +€29,873
up €29,873 (+25.8%), from €115,792 to €145,666
- Taxes +€41,954
new in 2025: €41,954
- Depreciation -€14,333
down €14,333 (-31.5%), from €45,538 to €31,205
- Staff costs -€11,596
down €11,596 (-19.9%), from €58,170 to €46,573
- Gross operating margin -€6,384
down €6,384 (-2.2%), from €294,799 to €288,415
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €654,412 | €696,291 | +€41,879 | +6.4% |
| Fixed assets | 21/28 | €183,940 | €165,163 | -€18,776 | -10.2% |
| Intangible fixed assets | 21 | €97,100 | €86,972 | -€10,128 | -10.4% |
| Tangible fixed assets | 22/27 | €74,376 | €65,728 | -€8,649 | -11.6% |
| Plant, machinery and equipment | 23 | €1,980 | €13,561 | +€11,581 | +584.9% |
| Leasing and similar rights | 25 | €6,600 | €0 | -€6,600 | -100.0% |
| Other tangible fixed assets | 26 | €65,796 | €52,167 | -€13,630 | -20.7% |
| Financial fixed assets | 28 | €12,463 | €12,463 | = | 0.0% |
| Current assets | 29/58 | €470,472 | €531,127 | +€60,655 | +12.9% |
| Stocks and contracts in progress | 3 | €282,834 | €313,355 | +€30,522 | +10.8% |
| Stocks | 30/36 | €282,834 | €313,355 | +€30,522 | +10.8% |
| Amounts receivable within one year | 40/41 | €84,969 | €92,274 | +€7,306 | +8.6% |
| Trade receivables | 40 | €75,000 | €78,061 | +€3,062 | +4.1% |
| Other amounts receivable | 41 | €9,969 | €14,213 | +€4,244 | +42.6% |
| Cash at bank and in hand | 54/58 | €100,928 | €124,932 | +€24,005 | +23.8% |
| Deferred charges and accrued income | 490/1 | €1,742 | €565 | -€1,177 | -67.6% |
| Total equity and liabilities | 10/49 | €654,412 | €696,291 | +€41,879 | +6.4% |
| Equity | 10/15 | €59,326 | €216,222 | +€156,896 | +264.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | - | €116,222 | +€116,222 | |
| Distributable reserves | 133 | - | €116,222 | +€116,222 | |
| Profit (loss) carried forward | 14 | -€40,674 | €0 | +€40,674 | |
| Amounts payable | 17/49 | €595,086 | €480,069 | -€115,017 | -19.3% |
| Amounts payable after more than one year | 17 | €268,502 | €222,242 | -€46,260 | -17.2% |
| Financial debts | 170/4 | €33,502 | €11,242 | -€22,260 | -66.4% |
| Other amounts payable | 178/9 | €235,000 | €211,000 | -€24,000 | -10.2% |
| Amounts payable within one year | 42/48 | €323,418 | €249,692 | -€73,725 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €52,012 | €46,260 | -€5,752 | -11.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €115,792 | €145,666 | +€29,873 | +25.8% |
| Suppliers | 440/4 | €115,792 | €145,666 | +€29,873 | +25.8% |
| Taxes, remuneration and social security | 45 | €6,759 | €8,102 | +€1,343 | +19.9% |
| Taxes | 450/3 | €810 | €1,954 | +€1,144 | +141.2% |
| Remuneration and social security | 454/9 | €5,949 | €6,148 | +€199 | +3.3% |
| Other amounts payable | 47/48 | €148,854 | €49,664 | -€99,190 | -66.6% |
| Accrued charges and deferred income | 492/3 | €3,166 | €8,135 | +€4,969 | +156.9% |
| Remuneration, social security and pensions | 62 | €58,170 | €46,573 | -€11,596 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,538 | €31,205 | -€14,333 | -31.5% |
| Other operating charges | 640/8 | €672 | €861 | +€189 | +28.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €294,799 | €288,415 | -€6,384 | -2.2% |
| Operating profit (loss) | 9901 | €190,420 | €209,776 | +€19,356 | +10.2% |
| Financial income | 75/76B | €1,804 | €1,820 | +€17 | +0.9% |
| Recurring financial income | 75 | €1,804 | €1,820 | +€17 | +0.9% |
| Financial charges | 65/66B | €12,066 | €12,746 | +€680 | +5.6% |
| Recurring financial charges | 65 | €12,066 | €12,746 | +€680 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €180,157 | €198,850 | +€18,693 | +10.4% |
| Income taxes | 67/77 | - | €41,954 | +€41,954 | |
| Profit (loss) for the period | 9904 | €180,157 | €156,896 | -€23,261 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €180,157 | €156,896 | -€23,261 | -12.9% |
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 11 October 2026 via checked.be.