3 SQUARE: 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 SQUARE
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+38.0%), from €3.8m to €5.2m
of which Other amounts receivable: +€1.3m
- Cash +€795,975
up €795,975 (+377%), from €211,279 to €1.0m
mainly Other debts (+€1.2m) and Net result for the year (+€1.1m)
- Tangible fixed assets -€644,370
down €644,370 (-4.8%), from €13.5m to €12.8m
of which Land and buildings: -€640,514
- Other debts +€1.2m
up €1.2m (+134%), from €902,021 to €2.1m
- Debts after one year -€973,385
down €973,385 (-10.1%), from €9.7m to €8.7m
- Profit (loss) carried forward +€960,388
up €960,388 (+130%), from €738,790 to €1.7m
- Tax, wage and social debts +€204,952
up €204,952 (+119%), from €172,112 to €377,064
of which Taxes: +€207,008
- Financial income +€890,376
up €890,376 (+16,415%), from €5,424 to €895,800
- Turnover -€210,776
down €210,776 (-9.3%), from €2.3m to €2.1m
- Taxes +€194,165
up €194,165 (+153%), from €127,157 to €321,323
- Purchases and services +€182,719
up €182,719 (+24.7%), from €738,800 to €921,518
- Gross operating margin +€82,040
up €82,040 (+4.6%), from €1.8m to €1.8m
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 | €17,486,801 | €19,073,927 | +€1.6m | +9.1% |
| Fixed assets | 21/28 | €13,485,969 | €12,841,599 | -€644,370 | -4.8% |
| Tangible fixed assets | 22/27 | €13,485,969 | €12,841,599 | -€644,370 | -4.8% |
| Land and buildings | 22 | €13,106,992 | €12,466,478 | -€640,514 | -4.9% |
| Plant, machinery and equipment | 23 | €2,255 | €1,920 | -€335 | -14.9% |
| Furniture and vehicles | 24 | €376,723 | €373,202 | -€3,521 | -0.9% |
| Current assets | 29/58 | €4,000,832 | €6,232,328 | +€2.2m | +55.8% |
| Amounts receivable within one year | 40/41 | €3,774,208 | €5,207,588 | +€1.4m | +38.0% |
| Trade receivables | 40 | €647,080 | €761,022 | +€113,942 | +17.6% |
| Other amounts receivable | 41 | €3,127,128 | €4,446,565 | +€1.3m | +42.2% |
| Cash at bank and in hand | 54/58 | €211,279 | €1,007,253 | +€795,975 | +377% |
| Deferred charges and accrued income | 490/1 | €15,345 | €17,487 | +€2,142 | +14.0% |
| Total equity and liabilities | 10/49 | €17,486,801 | €19,073,927 | +€1.6m | +9.1% |
| Equity | 10/15 | €5,599,533 | €6,559,922 | +€960,388 | +17.2% |
| Contributions | 10/11 | €4,860,743 | €4,860,743 | = | 0.0% |
| Capital | 10 | €4,860,743 | €4,860,743 | = | 0.0% |
| Issued capital | 100 | €4,860,743 | €4,860,743 | = | 0.0% |
| Profit (loss) carried forward | 14 | €738,790 | €1,699,178 | +€960,388 | +130% |
| Amounts payable | 17/49 | €11,887,267 | €12,514,005 | +€626,738 | +5.3% |
| Amounts payable after more than one year | 17 | €9,655,610 | €8,682,225 | -€973,385 | -10.1% |
| Financial debts | 170/4 | €9,655,610 | €8,682,225 | -€973,385 | -10.1% |
| Amounts payable within one year | 42/48 | €2,231,657 | €3,828,289 | +€1.6m | +71.5% |
| Current portion of amounts payable after more than one year | 42 | €992,454 | €983,385 | -€9,069 | -0.9% |
| Trade debts | 44 | €165,070 | €354,710 | +€189,640 | +115% |
| Suppliers | 440/4 | €165,070 | €354,710 | +€189,640 | +115% |
| Taxes, remuneration and social security | 45 | €172,112 | €377,064 | +€204,952 | +119% |
| Taxes | 450/3 | €146,252 | €353,259 | +€207,008 | +142% |
| Remuneration and social security | 454/9 | €25,861 | €23,804 | -€2,056 | -8.0% |
| Other amounts payable | 47/48 | €902,021 | €2,113,130 | +€1.2m | +134% |
| Accrued charges and deferred income | 492/3 | - | €3,491 | +€3,491 | |
| Turnover | 70 | €2,263,098 | €2,052,322 | -€210,776 | -9.3% |
| Non-recurring operating income | 76A | - | €718,853 | +€718,853 | |
| Goods, raw materials, services and sundry goods | 60/61 | €738,800 | €921,518 | +€182,719 | +24.7% |
| Remuneration, social security and pensions | 62 | €195,116 | €206,172 | +€11,056 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €691,481 | €750,691 | +€59,210 | +8.6% |
| Other operating charges | 640/8 | €148,868 | €153,230 | +€4,362 | +2.9% |
| Gross operating margin | 9900 | €1,767,617 | €1,849,657 | +€82,040 | +4.6% |
| Operating profit (loss) | 9901 | €732,153 | €739,564 | +€7,411 | +1.0% |
| Financial income | 75/76B | €5,424 | €895,800 | +€890,376 | +16,415% |
| Recurring financial income | 75 | €5,424 | €895,800 | +€890,376 | +16,415% |
| Financial charges | 65/66B | €223,943 | €233,654 | +€9,710 | +4.3% |
| Recurring financial charges | 65 | €223,943 | €233,654 | +€9,710 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €513,634 | €1,401,711 | +€888,077 | +173% |
| Income taxes | 67/77 | €127,157 | €321,323 | +€194,165 | +153% |
| Profit (loss) for the period | 9904 | €386,477 | €1,080,388 | +€693,912 | +180% |
| Profit (loss) for the period to be appropriated | 9905 | €386,477 | €1,080,388 | +€693,912 | +180% |
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 23 October 2026 via checked.be.