3 & L: 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 & L
Largest movements
- Financial fixed assets -€516,000
down €516,000 (-99.7%), from €517,375 to €1,375
- Tangible fixed assets -€315,092
down €315,092 (-12.8%), from €2.5m to €2.1m
of which Land and buildings: -€291,113
- Cash +€213,527
up €213,527 (+328%), from €65,120 to €278,647
mainly Investment in fixed assets (net) (+€617,411) and Depreciation (+€213,681)
- Receivables after one year -€205,950
down €205,950 (-100%), from €205,950 to €0
- Receivables within one year -€94,735
down €94,735 (-63.4%), from €149,520 to €54,785
of which Trade receivables: -€114,228
- Other debts -€630,988
down €630,988 (-40.4%), from €1.6m to €930,733
- Reserves -€230,154
down €230,154 (-35.6%), from €646,621 to €416,468
- Profit (loss) carried forward -€137,241
new in 2025: -€137,241
- Tax, wage and social debts +€124,950
up €124,950 (+915%), from €13,659 to €138,609
- Debts after one year -€54,345
down €54,345 (-9.2%), from €590,060 to €535,715
- Financial charges +€174,451
up €174,451 (+359%), from €48,580 to €223,031
of which Non-recurring financial charges: +€174,901
- Taxes +€93,954
up €93,954 (+373%), from €25,187 to €119,141
- Other operating charges +€80,463
up €80,463 (+372%), from €21,632 to €102,094
- Gross operating margin -€64,944
down €64,944 (-18.3%), from €355,491 to €290,547
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 | €3,408,790 | €2,486,153 | -€922,636 | -27.1% |
| Fixed assets | 21/28 | €2,978,985 | €2,147,893 | -€831,092 | -27.9% |
| Tangible fixed assets | 22/27 | €2,461,610 | €2,146,518 | -€315,092 | -12.8% |
| Land and buildings | 22 | €2,378,617 | €2,087,505 | -€291,113 | -12.2% |
| Plant, machinery and equipment | 23 | €14,754 | €6,726 | -€8,028 | -54.4% |
| Furniture and vehicles | 24 | €68,238 | €52,287 | -€15,951 | -23.4% |
| Financial fixed assets | 28 | €517,375 | €1,375 | -€516,000 | -99.7% |
| Current assets | 29/58 | €429,805 | €338,261 | -€91,544 | -21.3% |
| Amounts receivable after more than one year | 29 | €205,950 | €0 | -€205,950 | -100% |
| Other amounts receivable | 291 | €205,950 | €0 | -€205,950 | -100% |
| Amounts receivable within one year | 40/41 | €149,520 | €54,785 | -€94,735 | -63.4% |
| Trade receivables | 40 | €142,793 | €28,565 | -€114,228 | -80.0% |
| Other amounts receivable | 41 | €6,728 | €26,220 | +€19,492 | +290% |
| Cash at bank and in hand | 54/58 | €65,120 | €278,647 | +€213,527 | +328% |
| Deferred charges and accrued income | 490/1 | €9,215 | €4,829 | -€4,386 | -47.6% |
| Total equity and liabilities | 10/49 | €3,408,790 | €2,486,153 | -€922,636 | -27.1% |
| Equity | 10/15 | €1,181,221 | €813,827 | -€367,395 | -31.1% |
| Contributions | 10/11 | €534,600 | €534,600 | = | 0.0% |
| Reserves | 13 | €646,621 | €416,468 | -€230,154 | -35.6% |
| Distributable reserves | 133 | €646,621 | €416,468 | -€230,154 | -35.6% |
| Profit (loss) carried forward | 14 | - | -€137,241 | -€137,241 | |
| Amounts payable | 17/49 | €2,227,568 | €1,672,327 | -€555,242 | -24.9% |
| Amounts payable after more than one year | 17 | €590,060 | €535,715 | -€54,345 | -9.2% |
| Financial debts | 170/4 | €590,060 | €535,715 | -€54,345 | -9.2% |
| Amounts payable within one year | 42/48 | €1,636,843 | €1,136,612 | -€500,231 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €58,777 | €56,956 | -€1,821 | -3.1% |
| Trade debts | 44 | €2,685 | €4,893 | +€2,208 | +82.3% |
| Suppliers | 440/4 | €2,685 | €4,893 | +€2,208 | +82.3% |
| Advances received on contracts in progress | 46 | €0 | €5,421 | +€5,421 | |
| Taxes, remuneration and social security | 45 | €13,659 | €138,609 | +€124,950 | +915% |
| Taxes | 450/3 | €13,659 | €138,609 | +€124,950 | +915% |
| Other amounts payable | 47/48 | €1,561,721 | €930,733 | -€630,988 | -40.4% |
| Accrued charges and deferred income | 492/3 | €666 | €0 | -€666 | -100% |
| Non-recurring operating income | 76A | €184,150 | €0 | -€184,150 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211,133 | €213,681 | +€2,548 | +1.2% |
| Other operating charges | 640/8 | €21,632 | €102,094 | +€80,463 | +372% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €355,491 | €290,547 | -€64,944 | -18.3% |
| Operating profit (loss) | 9901 | €122,726 | -€25,228 | -€147,955 | |
| Financial income | 75/76B | €82 | €5 | -€77 | -93.8% |
| Recurring financial income | 75 | €82 | €5 | -€77 | -93.8% |
| Financial charges | 65/66B | €48,580 | €223,031 | +€174,451 | +359% |
| Recurring financial charges | 65 | €48,580 | €48,130 | -€450 | -0.9% |
| Non-recurring financial charges | 66B | - | €174,901 | +€174,901 | |
| Profit (loss) for the period before taxes | 9903 | €74,229 | -€248,254 | -€322,483 | |
| Income taxes | 67/77 | €25,187 | €119,141 | +€93,954 | +373% |
| Profit (loss) for the period | 9904 | €49,042 | -€367,395 | -€416,437 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,042 | -€367,395 | -€416,437 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.