3 Grâces: 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 Grâces
Largest movements
- Stocks and contracts +€23,143
up €23,143 (+42.0%), from €55,137 to €78,280
- Receivables within one year -€3,956
down €3,956 (-25.9%), from €15,287 to €11,331
of which Trade receivables: -€5,184
- Cash -€3,521
down €3,521 (-19.5%), from €18,036 to €14,515
mainly Stocks and contracts (-€23,143) and Tax, wage and social debts (-€11,048)
- Reserves +€19,481
up €19,481 (+42.1%), from €46,276 to €65,757
- Tax, wage and social debts -€11,048
down €11,048 (-69.4%), from €15,924 to €4,876
of which Taxes: -€9,428
- Trade debts +€7,123
up €7,123 (+3,158%), from €226 to €7,348
- Taxes -€3,202
down €3,202 (-53.6%), from €5,974 to €2,772
- Gross operating margin +€1,707
up €1,707 (+7.8%), from €21,978 to €23,685
- Financial charges +€261
up €261 (+1,004%), from €26 to €287
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 | €90,269 | €105,313 | +€15,044 | +16.7% |
| Fixed assets | 21/28 | €1,810 | €1,065 | -€745 | -41.2% |
| Tangible fixed assets | 22/27 | €1,810 | €1,065 | -€745 | -41.2% |
| Furniture and vehicles | 24 | €1,810 | €1,065 | -€745 | -41.2% |
| Current assets | 29/58 | €88,460 | €104,249 | +€15,789 | +17.8% |
| Stocks and contracts in progress | 3 | €55,137 | €78,280 | +€23,143 | +42.0% |
| Stocks | 30/36 | €55,137 | €78,280 | +€23,143 | +42.0% |
| Amounts receivable within one year | 40/41 | €15,287 | €11,331 | -€3,956 | -25.9% |
| Trade receivables | 40 | €12,080 | €6,896 | -€5,184 | -42.9% |
| Other amounts receivable | 41 | €3,207 | €4,434 | +€1,228 | +38.3% |
| Cash at bank and in hand | 54/58 | €18,036 | €14,515 | -€3,521 | -19.5% |
| Deferred charges and accrued income | 490/1 | - | €123 | +€123 | |
| Total equity and liabilities | 10/49 | €90,269 | €105,313 | +€15,044 | +16.7% |
| Equity | 10/15 | €61,276 | €80,757 | +€19,481 | +31.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €46,276 | €65,757 | +€19,481 | +42.1% |
| Distributable reserves | 133 | €46,276 | €65,757 | +€19,481 | +42.1% |
| Amounts payable | 17/49 | €28,993 | €24,556 | -€4,437 | -15.3% |
| Amounts payable after more than one year | 17 | €12,542 | €11,922 | -€620 | -4.9% |
| Financial debts | 170/4 | €12,542 | €11,922 | -€620 | -4.9% |
| Amounts payable within one year | 42/48 | €16,451 | €12,634 | -€3,817 | -23.2% |
| Trade debts | 44 | €226 | €7,348 | +€7,123 | +3,158% |
| Suppliers | 440/4 | €226 | €7,348 | +€7,123 | +3,158% |
| Taxes, remuneration and social security | 45 | €15,924 | €4,876 | -€11,048 | -69.4% |
| Taxes | 450/3 | €11,064 | €1,636 | -€9,428 | -85.2% |
| Remuneration and social security | 454/9 | €4,860 | €3,240 | -€1,620 | -33.3% |
| Other amounts payable | 47/48 | €301 | €410 | +€109 | +36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €602 | €745 | +€143 | +23.8% |
| Other operating charges | 640/8 | €437 | €400 | -€38 | -8.6% |
| Gross operating margin | 9900 | €21,978 | €23,685 | +€1,707 | +7.8% |
| Operating profit (loss) | 9901 | €20,939 | €22,540 | +€1,601 | +7.6% |
| Financial charges | 65/66B | €26 | €287 | +€261 | +1,004% |
| Recurring financial charges | 65 | €26 | €287 | +€261 | +1,004% |
| Profit (loss) for the period before taxes | 9903 | €20,913 | €22,253 | +€1,340 | +6.4% |
| Income taxes | 67/77 | €5,974 | €2,772 | -€3,202 | -53.6% |
| Profit (loss) for the period | 9904 | €14,939 | €19,481 | +€4,542 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,939 | €19,481 | +€4,542 | +30.4% |
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 31 October 2026 via checked.be.