3A1: 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.
3A1
Largest movements
- Stocks and contracts -€104,437
down €104,437 (-43.6%), from €239,374 to €134,937
- Current investments +€10,000
up €10,000 (+5.9%), from €170,000 to €180,000
- Trade debts -€69,734
down €69,734 (-32.5%), from €214,671 to €144,937
- Tax, wage and social debts -€43,360
down €43,360 (-97.8%), from €44,321 to €961
- Profit (loss) carried forward +€11,781
up €11,781 (+7.2%), from €164,024 to €175,804
- Gross operating margin -€193,672
down €193,672 (-92.3%), from €209,734 to €16,063
- Taxes -€42,479
down €42,479 (-90.8%), from €46,763 to €4,284
- Financial charges -€23,930
down €23,930 (-90.2%), from €26,527 to €2,597
- Financial income -€5,621
down €5,621 (-67.2%), from €8,364 to €2,743
of which Financial income: -€5,490
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.
Cash bridge derived
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 | €433,266 | €331,702 | -€101,563 | -23.4% |
| Current assets | 29/58 | €433,266 | €331,702 | -€101,563 | -23.4% |
| Stocks and contracts in progress | 3 | €239,374 | €134,937 | -€104,437 | -43.6% |
| Stocks | 30/36 | €239,374 | €134,937 | -€104,437 | -43.6% |
| Amounts receivable within one year | 40/41 | €4,033 | €302 | -€3,732 | -92.5% |
| Other amounts receivable | 41 | €4,033 | €302 | -€3,732 | -92.5% |
| Current investments | 50/53 | €170,000 | €180,000 | +€10,000 | +5.9% |
| Cash at bank and in hand | 54/58 | €16,383 | €16,464 | +€80 | +0.5% |
| Deferred charges and accrued income | 490/1 | €3,475 | - | -€3,475 | |
| Total equity and liabilities | 10/49 | €433,266 | €331,702 | -€101,563 | -23.4% |
| Equity | 10/15 | €174,024 | €185,804 | +€11,781 | +6.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,024 | €175,804 | +€11,781 | +7.2% |
| Amounts payable | 17/49 | €259,242 | €145,898 | -€113,344 | -43.7% |
| Amounts payable after more than one year | 17 | €250 | €0 | -€250 | -100.0% |
| Financial debts | 170/4 | €250 | €0 | -€250 | -100.0% |
| Amounts payable within one year | 42/48 | €258,992 | €145,898 | -€113,094 | -43.7% |
| Trade debts | 44 | €214,671 | €144,937 | -€69,734 | -32.5% |
| Suppliers | 440/4 | €214,671 | €144,937 | -€69,734 | -32.5% |
| Taxes, remuneration and social security | 45 | €44,321 | €961 | -€43,360 | -97.8% |
| Taxes | 450/3 | €44,321 | €961 | -€43,360 | -97.8% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €209,734 | €16,063 | -€193,672 | -92.3% |
| Operating profit (loss) | 9901 | €209,594 | €15,918 | -€193,675 | -92.4% |
| Financial income | 75/76B | €8,364 | €2,743 | -€5,621 | -67.2% |
| Recurring financial income | 75 | €8,233 | €2,743 | -€5,490 | -66.7% |
| Non-recurring financial income | 76B | €131 | - | -€131 | |
| Financial charges | 65/66B | €26,527 | €2,597 | -€23,930 | -90.2% |
| Recurring financial charges | 65 | €26,527 | €2,597 | -€23,930 | -90.2% |
| Profit (loss) for the period before taxes | 9903 | €191,430 | €16,065 | -€175,366 | -91.6% |
| Income taxes | 67/77 | €46,763 | €4,284 | -€42,479 | -90.8% |
| Profit (loss) for the period | 9904 | €144,667 | €11,781 | -€132,886 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €144,667 | €11,781 | -€132,886 | -91.9% |
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 9 October 2026 via checked.be.