3 J: 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 J
Largest movements
- Receivables after one year -€100,000
down €100,000 (-50.0%), from €200,000 to €100,000
- Cash +€32,701
up €32,701 (+113.9%), from €28,716 to €61,416
mainly Receivables after one year (+€100,000) and Depreciation (+€58,101)
- Tangible fixed assets -€25,445
down €25,445 (-5.6%), from €451,579 to €426,133
of which Land and buildings: -€45,554
- Receivables within one year +€25,199
up €25,199 (+48.9%), from €51,482 to €76,680
of which Other amounts receivable: +€23,133
- Profit (loss) carried forward -€51,765
down €51,765 (-80.9%), from €63,980 to €12,215
- Debts after one year -€22,093
down €22,093 (-6.2%), from €357,173 to €335,080
- Gross operating margin -€76,521
down €76,521 (-78.3%), from €97,760 to €21,239
- Depreciation -€2,494
down €2,494 (-4.1%), from €60,595 to €58,101
- Other operating charges +€2,036
up €2,036 (+49.3%), from €4,128 to €6,165
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 | €763,852 | €692,743 | -€71,109 | -9.3% |
| Fixed assets | 21/28 | €469,251 | €436,857 | -€32,394 | -6.9% |
| Intangible fixed assets | 21 | €17,172 | €10,224 | -€6,949 | -40.5% |
| Tangible fixed assets | 22/27 | €451,579 | €426,133 | -€25,445 | -5.6% |
| Land and buildings | 22 | €428,403 | €382,849 | -€45,554 | -10.6% |
| Plant, machinery and equipment | 23 | €2,100 | €2,525 | +€425 | +20.3% |
| Furniture and vehicles | 24 | €10,582 | €30,266 | +€19,683 | +186.0% |
| Other tangible fixed assets | 26 | €10,494 | €10,494 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €294,601 | €255,886 | -€38,715 | -13.1% |
| Amounts receivable after more than one year | 29 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Other amounts receivable | 291 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €51,482 | €76,680 | +€25,199 | +48.9% |
| Trade receivables | 40 | - | €2,066 | +€2,066 | |
| Other amounts receivable | 41 | €51,482 | €74,615 | +€23,133 | +44.9% |
| Cash at bank and in hand | 54/58 | €28,716 | €61,416 | +€32,701 | +113.9% |
| Deferred charges and accrued income | 490/1 | €14,404 | €17,789 | +€3,386 | +23.5% |
| Total equity and liabilities | 10/49 | €763,852 | €692,743 | -€71,109 | -9.3% |
| Equity | 10/15 | €349,530 | €297,765 | -€51,765 | -14.8% |
| Contributions | 10/11 | €25,500 | €25,500 | = | 0.0% |
| Reserves | 13 | €260,050 | €260,050 | = | 0.0% |
| Distributable reserves | 133 | €260,050 | €260,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,980 | €12,215 | -€51,765 | -80.9% |
| Amounts payable | 17/49 | €414,322 | €394,977 | -€19,344 | -4.7% |
| Amounts payable after more than one year | 17 | €357,173 | €335,080 | -€22,093 | -6.2% |
| Financial debts | 170/4 | €357,173 | €335,080 | -€22,093 | -6.2% |
| Amounts payable within one year | 42/48 | €48,829 | €59,009 | +€10,181 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €39,691 | €46,356 | +€6,666 | +16.8% |
| Financial debts | 43 | €2,033 | - | -€2,033 | |
| Credit institutions | 430/8 | €2,033 | - | -€2,033 | |
| Trade debts | 44 | €5,456 | €8,548 | +€3,092 | +56.7% |
| Suppliers | 440/4 | €5,456 | €8,548 | +€3,092 | +56.7% |
| Taxes, remuneration and social security | 45 | €1,649 | €4,105 | +€2,456 | +149.0% |
| Taxes | 450/3 | €1,649 | €1,605 | -€44 | -2.6% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Accrued charges and deferred income | 492/3 | €8,320 | €888 | -€7,432 | -89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,595 | €58,101 | -€2,494 | -4.1% |
| Other operating charges | 640/8 | €4,128 | €6,165 | +€2,036 | +49.3% |
| Gross operating margin | 9900 | €97,760 | €21,239 | -€76,521 | -78.3% |
| Operating profit (loss) | 9901 | €33,037 | -€43,027 | -€76,064 | |
| Financial income | 75/76B | €3,504 | €2,729 | -€775 | -22.1% |
| Recurring financial income | 75 | €3,504 | €2,729 | -€775 | -22.1% |
| Financial charges | 65/66B | €10,760 | €11,261 | +€500 | +4.7% |
| Recurring financial charges | 65 | €10,760 | €11,261 | +€500 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €25,780 | -€51,559 | -€77,339 | |
| Income taxes | 67/77 | €284 | €206 | -€78 | -27.5% |
| Profit (loss) for the period | 9904 | €25,496 | -€51,765 | -€77,261 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,496 | -€51,765 | -€77,261 |
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 12 October 2026 via checked.be.