3 M. A Concept: 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 M. A Concept
Largest movements
- Cash +€28,380
up €28,380 (+388%), from €7,311 to €35,691
mainly Net result for the year (+€40,041) and Other debts (+€24,425)
- Stocks and contracts +€15,277
up €15,277 (+169%), from €9,058 to €24,335
- Tangible fixed assets +€6,659
up €6,659 (+586%), from €1,137 to €7,796
of which Furniture and vehicles: +€6,928
- Receivables within one year +€4,610
up €4,610 (+35.6%), from €12,941 to €17,551
of which Trade receivables: +€2,994
- Other debts +€24,425
new in 2025: €24,425
- Tax, wage and social debts +€12,331
up €12,331 (+997%), from €1,237 to €13,568
of which Taxes: +€11,828
- Profit (loss) carried forward +€5,041
up €5,041 (+1,619%), from €311 to €5,352
- Advances received +€4,131
up €4,131 (+17.6%), from €23,434 to €27,565
- Debts after one year +€3,724
new in 2025: €3,724
- Gross operating margin +€58,878
up €58,878 (+6,187%), from €952 to €59,830
- Taxes +€13,243
up €13,243 (+12,703%), from €104 to €13,347
- Depreciation +€3,104
up €3,104 (+595%), from €522 to €3,626
- Write-downs +€2,141
new in 2025: €2,141
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 | €31,919 | €86,476 | +€54,557 | +171% |
| Formation expenses | 20 | €1,101 | €731 | -€370 | -33.6% |
| Fixed assets | 21/28 | €1,137 | €7,796 | +€6,659 | +586% |
| Tangible fixed assets | 22/27 | €1,137 | €7,796 | +€6,659 | +586% |
| Plant, machinery and equipment | 23 | €1,137 | €868 | -€269 | -23.6% |
| Furniture and vehicles | 24 | - | €6,928 | +€6,928 | |
| Current assets | 29/58 | €29,682 | €77,949 | +€48,267 | +163% |
| Stocks and contracts in progress | 3 | €9,058 | €24,335 | +€15,277 | +169% |
| Contracts in progress | 37 | €9,058 | €24,335 | +€15,277 | +169% |
| Amounts receivable within one year | 40/41 | €12,941 | €17,551 | +€4,610 | +35.6% |
| Trade receivables | 40 | €12,823 | €15,817 | +€2,994 | +23.3% |
| Other amounts receivable | 41 | €118 | €1,734 | +€1,616 | +1,373% |
| Cash at bank and in hand | 54/58 | €7,311 | €35,691 | +€28,380 | +388% |
| Deferred charges and accrued income | 490/1 | €372 | €372 | = | 0.0% |
| Total equity and liabilities | 10/49 | €31,919 | €86,476 | +€54,557 | +171% |
| Equity | 10/15 | €6,311 | €11,352 | +€5,041 | +79.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €311 | €5,352 | +€5,041 | +1,619% |
| Amounts payable | 17/49 | €25,608 | €75,124 | +€49,516 | +193% |
| Amounts payable after more than one year | 17 | - | €3,724 | +€3,724 | |
| Financial debts | 170/4 | - | €3,724 | +€3,724 | |
| Amounts payable within one year | 42/48 | €25,608 | €71,400 | +€45,792 | +179% |
| Current portion of amounts payable after more than one year | 42 | - | €3,276 | +€3,276 | |
| Trade debts | 44 | €937 | €2,566 | +€1,629 | +174% |
| Suppliers | 440/4 | €937 | €2,566 | +€1,629 | +174% |
| Advances received on contracts in progress | 46 | €23,434 | €27,565 | +€4,131 | +17.6% |
| Taxes, remuneration and social security | 45 | €1,237 | €13,568 | +€12,331 | +997% |
| Taxes | 450/3 | €102 | €11,930 | +€11,828 | +11,596% |
| Remuneration and social security | 454/9 | €1,135 | €1,638 | +€503 | +44.3% |
| Other amounts payable | 47/48 | - | €24,425 | +€24,425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €522 | €3,626 | +€3,104 | +595% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,141 | +€2,141 | |
| Other operating charges | 640/8 | - | €357 | +€357 | |
| Gross operating margin | 9900 | €952 | €59,830 | +€58,878 | +6,187% |
| Operating profit (loss) | 9901 | €430 | €53,706 | +€53,276 | +12,391% |
| Financial income | 75/76B | €8 | €64 | +€56 | +752% |
| Recurring financial income | 75 | €8 | €64 | +€56 | +752% |
| Non-recurring financial income | 76B | €8 | - | -€8 | |
| Financial charges | 65/66B | €22 | €382 | +€360 | +1,653% |
| Recurring financial charges | 65 | €22 | €382 | +€360 | +1,653% |
| Profit (loss) for the period before taxes | 9903 | €416 | €53,388 | +€52,972 | +12,744% |
| Income taxes | 67/77 | €104 | €13,347 | +€13,243 | +12,703% |
| Profit (loss) for the period | 9904 | €311 | €40,041 | +€39,730 | +12,758% |
| Profit (loss) for the period to be appropriated | 9905 | €311 | €40,041 | +€39,730 | +12,758% |
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 25 October 2026 via checked.be.