3B INVEST: 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.
What changed
3B INVEST
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€752,260
2024 · -€301,737-€450,524
Equity
€12.5m
2024 · €13.3m-€762,568
Cash
€60,382
2024 · €119,794-€59,412
Balance sheet total
€36.3m
2024 · €37.7m-€1.4m
Largest movements
Assets
- Tangible fixed assets -€1.1m
down €1.1m (-3.3%), from €34.1m to €32.9m
Equity and liabilities
- Current portion of long-term debt -€8.2m
down €8.2m (-89.1%), from €9.2m to €999,637
- Debts after one year +€7.7m
up €7.7m (+52.6%), from €14.7m to €22.4m
of which Financial debts: +€7.7m
- Profit (loss) carried forward -€752,260
down €752,260 (-108%), from -€698,503 to -€1.5m
Income statement
- Depreciation +€434,157
up €434,157 (+35.8%), from €1.2m to €1.6m
- Financial charges +€29,955
up €29,955 (+3.7%), from €800,270 to €830,225
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.
Result 2024
-€301,737
Gross operating margin
+€13,174
Depreciation
-€434,157
Other operating charges
-€6,136
Financial income
-€543
Financial charges
-€29,955
Taxes
+€7,094
Result 2025
-€752,260
raises the resultlowers the result
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.
From operations
+€888,791
Investment
-€201,464
Financing
-€746,738
Cash 2024
€119,794
From operations (derived)
+€888,791
Net result for the year
-€752,260
Depreciation
+€1.6m
Receivables within one year
-€122,010
Smaller working-capital items
+€6,738
Trade debts
+€66,469
Accrued charges and deferred income
+€44,303
Investment (derived)
-€201,464
Investment in fixed assets (net)
-€201,464
Financing
-€746,738
Debts after one year
+€7.7m
Current portion of long-term debt
-€8.2m
Short-term financial debts
-€274,281
Contributions, distributions and other
-€10,308
Cash 2025
€60,382
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,674,449 | €36,292,303 | -€1.4m | -3.7% |
| Fixed assets | 21/28 | €36,844,220 | €35,400,132 | -€1.4m | -3.9% |
| Intangible fixed assets | 21 | €1,676,714 | €1,352,961 | -€323,753 | -19.3% |
| Tangible fixed assets | 22/27 | €34,064,971 | €32,944,637 | -€1.1m | -3.3% |
| Land and buildings | 22 | €34,064,971 | €32,944,637 | -€1.1m | -3.3% |
| Financial fixed assets | 28 | €1,102,534 | €1,102,534 | = | 0.0% |
| Current assets | 29/58 | €830,229 | €892,171 | +€61,941 | +7.5% |
| Amounts receivable within one year | 40/41 | €692,959 | €814,970 | +€122,010 | +17.6% |
| Trade receivables | 40 | €43,194 | €149,427 | +€106,232 | +246% |
| Other amounts receivable | 41 | €649,765 | €665,543 | +€15,778 | +2.4% |
| Cash at bank and in hand | 54/58 | €119,794 | €60,382 | -€59,412 | -49.6% |
| Deferred charges and accrued income | 490/1 | €17,476 | €16,819 | -€657 | -3.8% |
| Total equity and liabilities | 10/49 | €37,674,449 | €36,292,303 | -€1.4m | -3.7% |
| Equity | 10/15 | €13,263,293 | €12,500,725 | -€762,568 | -5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €13,700,000 | €13,700,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€698,503 | -€1,450,763 | -€752,260 | -108% |
| Investment grants | 15 | €241,336 | €231,028 | -€10,308 | -4.3% |
| Amounts payable | 17/49 | €24,411,156 | €23,791,578 | -€619,578 | -2.5% |
| Amounts payable after more than one year | 17 | €14,660,196 | €22,371,629 | +€7.7m | +52.6% |
| Financial debts | 170/4 | €14,633,517 | €22,335,870 | +€7.7m | +52.6% |
| Other amounts payable | 178/9 | €26,679 | €35,759 | +€9,080 | +34.0% |
| Amounts payable within one year | 42/48 | €9,718,420 | €1,343,105 | -€8.4m | -86.2% |
| Current portion of amounts payable after more than one year | 42 | €9,173,219 | €999,637 | -€8.2m | -89.1% |
| Financial debts | 43 | €383,287 | €109,005 | -€274,281 | -71.6% |
| Credit institutions | 430/8 | €383,287 | - | -€383,287 | |
| Other loans | 439 | - | €109,005 | +€109,005 | |
| Trade debts | 44 | €155,425 | €221,894 | +€66,469 | +42.8% |
| Suppliers | 440/4 | €155,425 | €221,894 | +€66,469 | +42.8% |
| Taxes, remuneration and social security | 45 | €6,489 | €12,569 | +€6,080 | +93.7% |
| Taxes | 450/3 | €6,489 | €12,569 | +€6,080 | +93.7% |
| Accrued charges and deferred income | 492/3 | €32,541 | €76,844 | +€44,303 | +136% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,211,395 | €1,645,552 | +€434,157 | +35.8% |
| Other operating charges | 640/8 | €158,623 | €164,760 | +€6,136 | +3.9% |
| Gross operating margin | 9900 | €1,864,698 | €1,877,872 | +€13,174 | +0.7% |
| Operating profit (loss) | 9901 | €494,679 | €67,560 | -€427,119 | -86.3% |
| Financial income | 75/76B | €10,948 | €10,404 | -€543 | -5.0% |
| Recurring financial income | 75 | €10,948 | €10,404 | -€543 | -5.0% |
| Financial charges | 65/66B | €800,270 | €830,225 | +€29,955 | +3.7% |
| Recurring financial charges | 65 | €800,270 | €830,225 | +€29,955 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | -€294,643 | -€752,260 | -€457,618 | -155% |
| Income taxes | 67/77 | €7,094 | - | -€7,094 | |
| Profit (loss) for the period | 9904 | -€301,737 | -€752,260 | -€450,524 | -149% |
| Profit (loss) for the period to be appropriated | 9905 | -€301,737 | -€752,260 | -€450,524 | -149% |
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.