3's-PROJECTS: 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's-PROJECTS
Largest movements
- Tangible fixed assets -€19,237
down €19,237 (-22.5%), from €85,387 to €66,150
of which Land and buildings: -€12,345
- Current investments -€13,405
down €13,405 (-5.4%), from €246,169 to €232,764
- Receivables within one year +€12,792
up €12,792 (+56.1%), from €22,821 to €35,613
of which Trade receivables: +€11,830
- Other debts +€55,944
up €55,944 (+1,324%), from €4,224 to €60,168
- Reserves -€41,900
down €41,900 (-12.6%), from €332,160 to €290,260
of which Distributable reserves: -€41,900
- Trade debts -€17,458
down €17,458 (-64.5%), from €27,066 to €9,608
- Current portion of long-term debt -€13,937
down €13,937 (-80.5%), from €17,310 to €3,373
- Tax, wage and social debts -€5,287
down €5,287 (-29.5%), from €17,904 to €12,617
of which Taxes: -€8,388
- Gross operating margin -€6,497
down €6,497 (-5.7%), from €114,653 to €108,156
- Taxes -€3,245
down €3,245 (-11.7%), from €27,836 to €24,591
- Depreciation +€1,625
up €1,625 (+8.9%), from €18,272 to €19,897
- Other operating charges +€1,408
up €1,408 (+61.4%), from €2,295 to €3,704
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 | €417,711 | €395,377 | -€22,334 | -5.3% |
| Fixed assets | 21/28 | €85,387 | €66,150 | -€19,237 | -22.5% |
| Tangible fixed assets | 22/27 | €85,387 | €66,150 | -€19,237 | -22.5% |
| Land and buildings | 22 | €77,878 | €65,533 | -€12,345 | -15.9% |
| Plant, machinery and equipment | 23 | - | €616 | +€616 | |
| Furniture and vehicles | 24 | €7,509 | €0 | -€7,509 | -100% |
| Current assets | 29/58 | €332,325 | €329,228 | -€3,097 | -0.9% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,821 | €35,613 | +€12,792 | +56.1% |
| Trade receivables | 40 | €22,821 | €34,652 | +€11,830 | +51.8% |
| Other amounts receivable | 41 | €0 | €961 | +€961 | |
| Current investments | 50/53 | €246,169 | €232,764 | -€13,405 | -5.4% |
| Cash at bank and in hand | 54/58 | €20,521 | €17,831 | -€2,690 | -13.1% |
| Deferred charges and accrued income | 490/1 | €2,814 | €3,021 | +€207 | +7.3% |
| Total equity and liabilities | 10/49 | €417,711 | €395,377 | -€22,334 | -5.3% |
| Equity | 10/15 | €350,865 | €309,077 | -€41,788 | -11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €332,160 | €290,260 | -€41,900 | -12.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €332,160 | €290,260 | -€41,900 | -12.6% |
| Profit (loss) carried forward | 14 | €105 | €217 | +€112 | +106% |
| Amounts payable | 17/49 | €66,846 | €86,300 | +€19,454 | +29.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €66,507 | €85,918 | +€19,410 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €17,310 | €3,373 | -€13,937 | -80.5% |
| Financial debts | 43 | €3 | €151 | +€148 | +4,939% |
| Credit institutions | 430/8 | €3 | €151 | +€148 | +4,939% |
| Trade debts | 44 | €27,066 | €9,608 | -€17,458 | -64.5% |
| Suppliers | 440/4 | €27,066 | €9,608 | -€17,458 | -64.5% |
| Taxes, remuneration and social security | 45 | €17,904 | €12,617 | -€5,287 | -29.5% |
| Taxes | 450/3 | €17,904 | €9,516 | -€8,388 | -46.8% |
| Remuneration and social security | 454/9 | - | €3,101 | +€3,101 | |
| Other amounts payable | 47/48 | €4,224 | €60,168 | +€55,944 | +1,324% |
| Accrued charges and deferred income | 492/3 | €338 | €383 | +€44 | +13.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,272 | €19,897 | +€1,625 | +8.9% |
| Other operating charges | 640/8 | €2,295 | €3,704 | +€1,408 | +61.4% |
| Gross operating margin | 9900 | €114,653 | €108,156 | -€6,497 | -5.7% |
| Operating profit (loss) | 9901 | €94,085 | €84,555 | -€9,531 | -10.1% |
| Financial income | 75/76B | €1,723 | €1,421 | -€302 | -17.5% |
| Recurring financial income | 75 | €1,723 | €1,421 | -€302 | -17.5% |
| Financial charges | 65/66B | €1,683 | €1,272 | -€410 | -24.4% |
| Recurring financial charges | 65 | €1,683 | €1,272 | -€410 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €94,125 | €84,703 | -€9,422 | -10.0% |
| Income taxes | 67/77 | €27,836 | €24,591 | -€3,245 | -11.7% |
| Profit (loss) for the period | 9904 | €66,289 | €60,112 | -€6,178 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,289 | €60,112 | -€6,178 | -9.3% |
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 13 October 2026 via checked.be.