3BT: 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.
3BT
Largest movements
- Tangible fixed assets +€109,195
up €109,195 (+128%), from €85,320 to €194,515
of which Land and buildings: +€104,257
- Receivables within one year -€41,928
down €41,928 (-67.1%), from €62,498 to €20,571
of which Trade receivables: -€29,391
- Cash +€9,916
up €9,916 (+10.4%), from €95,687 to €105,603
mainly Debts after one year (+€56,432) and Receivables within one year (+€41,928)
- Receivables after one year -€9,236
down €9,236 (-100%), from €9,236 to €0
- Deferred charges and accrued income -€4,011
down €4,011 (-33.8%), from €11,873 to €7,862
- Debts after one year +€56,432
up €56,432 (+941%), from €6,000 to €62,432
of which Financial debts: +€55,692
- Other debts -€18,190
down €18,190 (-26.7%), from €68,048 to €49,858
- Trade debts +€15,281
up €15,281 (+66.3%), from €23,038 to €38,318
- Reserves +€8,327
up €8,327 (+15.0%), from €55,469 to €63,795
of which Distributable reserves: +€8,324
- Gross operating margin -€14,319
down €14,319 (-13.5%), from €106,333 to €92,014
- Staff costs +€9,557
up €9,557 (+27.5%), from €34,782 to €44,339
- Financial charges +€7,318
up €7,318 (+166%), from €4,411 to €11,729
- Taxes -€5,905
down €5,905 (-42.6%), from €13,864 to €7,959
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 | €282,895 | €344,773 | +€61,878 | +21.9% |
| Fixed assets | 21/28 | €101,058 | €208,753 | +€107,695 | +107% |
| Intangible fixed assets | 21 | €13,016 | €11,516 | -€1,500 | -11.5% |
| Tangible fixed assets | 22/27 | €85,320 | €194,515 | +€109,195 | +128% |
| Land and buildings | 22 | €69,932 | €174,189 | +€104,257 | +149% |
| Plant, machinery and equipment | 23 | €13,739 | €12,152 | -€1,587 | -11.6% |
| Furniture and vehicles | 24 | €1,649 | €8,174 | +€6,525 | +396% |
| Financial fixed assets | 28 | €2,722 | €2,722 | = | 0.0% |
| Current assets | 29/58 | €181,837 | €136,020 | -€45,817 | -25.2% |
| Amounts receivable after more than one year | 29 | €9,236 | €0 | -€9,236 | -100% |
| Other amounts receivable | 291 | €9,236 | €0 | -€9,236 | -100% |
| Stocks and contracts in progress | 3 | €2,543 | €1,984 | -€558 | -22.0% |
| Stocks | 30/36 | €2,543 | €1,984 | -€558 | -22.0% |
| Amounts receivable within one year | 40/41 | €62,498 | €20,571 | -€41,928 | -67.1% |
| Trade receivables | 40 | €37,824 | €8,433 | -€29,391 | -77.7% |
| Other amounts receivable | 41 | €24,675 | €12,138 | -€12,537 | -50.8% |
| Cash at bank and in hand | 54/58 | €95,687 | €105,603 | +€9,916 | +10.4% |
| Deferred charges and accrued income | 490/1 | €11,873 | €7,862 | -€4,011 | -33.8% |
| Total equity and liabilities | 10/49 | €282,895 | €344,773 | +€61,878 | +21.9% |
| Equity | 10/15 | €179,469 | €187,795 | +€8,327 | +4.6% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €55,469 | €63,795 | +€8,327 | +15.0% |
| Non-distributable reserves | 130/1 | €12,397 | €12,400 | +€3 | 0.0% |
| Legal reserve | 130 | €12,397 | €12,400 | +€3 | 0.0% |
| Tax-exempt reserves | 132 | €24,800 | €24,800 | = | 0.0% |
| Distributable reserves | 133 | €18,272 | €26,595 | +€8,324 | +45.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €103,427 | €156,978 | +€53,551 | +51.8% |
| Amounts payable after more than one year | 17 | €6,000 | €62,432 | +€56,432 | +941% |
| Financial debts | 170/4 | - | €55,692 | +€55,692 | |
| Other amounts payable | 178/9 | €6,000 | €6,740 | +€740 | +12.3% |
| Amounts payable within one year | 42/48 | €94,219 | €91,434 | -€2,785 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €23,038 | €38,318 | +€15,281 | +66.3% |
| Suppliers | 440/4 | €23,038 | €38,318 | +€15,281 | +66.3% |
| Taxes, remuneration and social security | 45 | €3,134 | €3,258 | +€124 | +4.0% |
| Taxes | 450/3 | €3,134 | €1,567 | -€1,567 | -50.0% |
| Remuneration and social security | 454/9 | €0 | €1,691 | +€1,691 | |
| Other amounts payable | 47/48 | €68,048 | €49,858 | -€18,190 | -26.7% |
| Accrued charges and deferred income | 492/3 | €3,207 | €3,111 | -€96 | -3.0% |
| Remuneration, social security and pensions | 62 | €34,782 | €44,339 | +€9,557 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,220 | €10,118 | +€898 | +9.7% |
| Other operating charges | 640/8 | €10,124 | €10,170 | +€46 | +0.5% |
| Gross operating margin | 9900 | €106,333 | €92,014 | -€14,319 | -13.5% |
| Operating profit (loss) | 9901 | €52,207 | €27,387 | -€24,820 | -47.5% |
| Financial income | 75/76B | €3,073 | €2,294 | -€780 | -25.4% |
| Recurring financial income | 75 | €3,073 | €2,294 | -€780 | -25.4% |
| Financial charges | 65/66B | €4,411 | €11,729 | +€7,318 | +166% |
| Recurring financial charges | 65 | €4,411 | €11,729 | +€7,318 | +166% |
| Profit (loss) for the period before taxes | 9903 | €50,869 | €17,952 | -€32,918 | -64.7% |
| Income taxes | 67/77 | €13,864 | €7,959 | -€5,905 | -42.6% |
| Profit (loss) for the period | 9904 | €37,005 | €9,993 | -€27,012 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,005 | €9,993 | -€27,012 | -73.0% |
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 30 October 2026 via checked.be.