3 TO ONE: 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 TO ONE
Largest movements
- Receivables within one year -€18,251
down €18,251 (-25.0%), from €73,101 to €54,850
- Tangible fixed assets +€12,154
up €12,154 (+191%), from €6,360 to €18,514
- Receivables after one year +€11,207
up €11,207 (+13.7%), from €81,844 to €93,051
- Current portion of long-term debt -€22,595
down €22,595 (-71.2%), from €31,715 to €9,120
- Tax, wage and social debts +€13,368
up €13,368 (+77.9%), from €17,161 to €30,528
of which Taxes: +€10,578
- Reserves +€11,271
up €11,271 (+21.8%), from €51,598 to €62,869
of which Distributable reserves: +€11,271
- Trade debts +€10,821
up €10,821 (+92.2%), from €11,739 to €22,560
- Debts after one year -€6,756
down €6,756 (-61.8%), from €10,924 to €4,168
- Gross operating margin +€14,316
up €14,316 (+27.5%), from €52,150 to €66,466
- Taxes +€4,676
up €4,676 (+178%), from €2,626 to €7,302
- Financial charges +€1,849
up €1,849 (+30.2%), from €6,127 to €7,976
- Financial income -€939
down €939 (-15.4%), from €6,095 to €5,156
- Staff costs -€931
down €931 (-2.2%), from €42,256 to €41,325
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 | €172,769 | €177,971 | +€5,202 | +3.0% |
| Fixed assets | 21/28 | €6,760 | €18,914 | +€12,154 | +180% |
| Tangible fixed assets | 22/27 | €6,360 | €18,514 | +€12,154 | +191% |
| Furniture and vehicles | 24 | €6,360 | €18,514 | +€12,154 | +191% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €166,009 | €159,057 | -€6,952 | -4.2% |
| Amounts receivable after more than one year | 29 | €81,844 | €93,051 | +€11,207 | +13.7% |
| Trade receivables | 290 | €81,844 | €93,051 | +€11,207 | +13.7% |
| Amounts receivable within one year | 40/41 | €73,101 | €54,850 | -€18,251 | -25.0% |
| Trade receivables | 40 | €73,101 | €54,850 | -€18,251 | -25.0% |
| Cash at bank and in hand | 54/58 | €3,900 | €5,228 | +€1,328 | +34.0% |
| Deferred charges and accrued income | 490/1 | €7,164 | €5,928 | -€1,236 | -17.2% |
| Total equity and liabilities | 10/49 | €172,769 | €177,971 | +€5,202 | +3.0% |
| Equity | 10/15 | €92,828 | €104,099 | +€11,271 | +12.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,598 | €62,869 | +€11,271 | +21.8% |
| Non-distributable reserves | 130/1 | €738 | €738 | = | 0.0% |
| Reserves not available under the articles | 1311 | €738 | €738 | = | 0.0% |
| Distributable reserves | 133 | €50,860 | €62,131 | +€11,271 | +22.2% |
| Profit (loss) carried forward | 14 | €35,031 | €35,031 | = | 0.0% |
| Amounts payable | 17/49 | €79,940 | €73,872 | -€6,069 | -7.6% |
| Amounts payable after more than one year | 17 | €10,924 | €4,168 | -€6,756 | -61.8% |
| Financial debts | 170/4 | €10,924 | €4,168 | -€6,756 | -61.8% |
| Amounts payable within one year | 42/48 | €69,016 | €69,704 | +€688 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €31,715 | €9,120 | -€22,595 | -71.2% |
| Financial debts | 43 | €8,402 | €7,495 | -€906 | -10.8% |
| Credit institutions | 430/8 | €8,402 | €7,495 | -€906 | -10.8% |
| Trade debts | 44 | €11,739 | €22,560 | +€10,821 | +92.2% |
| Suppliers | 440/4 | €11,739 | €22,560 | +€10,821 | +92.2% |
| Taxes, remuneration and social security | 45 | €17,161 | €30,528 | +€13,368 | +77.9% |
| Taxes | 450/3 | €9,744 | €20,321 | +€10,578 | +109% |
| Remuneration and social security | 454/9 | €7,417 | €10,207 | +€2,790 | +37.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €42,256 | €41,325 | -€931 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,380 | €2,090 | -€290 | -12.2% |
| Other operating charges | 640/8 | €2,217 | €1,659 | -€558 | -25.2% |
| Gross operating margin | 9900 | €52,150 | €66,466 | +€14,316 | +27.5% |
| Operating profit (loss) | 9901 | €5,298 | €21,393 | +€16,095 | +304% |
| Financial income | 75/76B | €6,095 | €5,156 | -€939 | -15.4% |
| Recurring financial income | 75 | €6,095 | €5,156 | -€939 | -15.4% |
| Financial charges | 65/66B | €6,127 | €7,976 | +€1,849 | +30.2% |
| Recurring financial charges | 65 | €6,127 | €7,976 | +€1,849 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €5,266 | €18,573 | +€13,306 | +253% |
| Income taxes | 67/77 | €2,626 | €7,302 | +€4,676 | +178% |
| Profit (loss) for the period | 9904 | €2,641 | €11,271 | +€8,630 | +327% |
| Profit (loss) for the period to be appropriated | 9905 | €2,641 | €11,271 | +€8,630 | +327% |
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 31 October 2026 via checked.be.