3CO: 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.
3CO
Largest movements
- Financial fixed assets +€3.4m
new in 2025: €3.4m
- Stocks and contracts -€581,419
down €581,419 (-46.6%), from €1.2m to €667,284
- Cash +€103,599
up €103,599 (+366%), from €28,331 to €131,929
mainly Debts after one year (+€3.4m) and Stocks and contracts (+€581,419)
- Debts after one year +€3.4m
new in 2025: €3.4m
- Short-term financial debts -€384,000
down €384,000 (-44.5%), from €862,000 to €478,000
- Other debts -€118,906
down €118,906 (-30.8%), from €385,659 to €266,752
- Reserves -€67,534
down €67,534 (-46.8%), from €144,260 to €76,726
- Profit (loss) carried forward +€48,068
up €48,068, from -€48,068 to €0
- Gross operating margin +€28,332
up €28,332 (+71.1%), from -€39,838 to -€11,506
- Financial charges -€527
down €527 (-42.1%), from €1,253 to €726
- Other operating charges +€424
up €424 (+32.5%), from €1,305 to €1,729
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 | €1,354,725 | €4,317,566 | +€3.0m | +219% |
| Fixed assets | 21/28 | €63,351 | €3,507,389 | +€3.4m | +5,436% |
| Tangible fixed assets | 22/27 | €63,351 | €58,690 | -€4,660 | -7.4% |
| Land and buildings | 22 | €61,112 | €56,785 | -€4,327 | -7.1% |
| Plant, machinery and equipment | 23 | €589 | €259 | -€330 | -56.1% |
| Furniture and vehicles | 24 | €1,650 | €1,647 | -€3 | -0.2% |
| Financial fixed assets | 28 | - | €3,448,699 | +€3.4m | |
| Current assets | 29/58 | €1,291,374 | €810,177 | -€481,197 | -37.3% |
| Stocks and contracts in progress | 3 | €1,248,702 | €667,284 | -€581,419 | -46.6% |
| Stocks | 30/36 | €1,248,702 | €667,284 | -€581,419 | -46.6% |
| Amounts receivable within one year | 40/41 | €11,404 | €9,524 | -€1,880 | -16.5% |
| Trade receivables | 40 | - | €317 | +€317 | |
| Other amounts receivable | 41 | €11,404 | €9,207 | -€2,197 | -19.3% |
| Cash at bank and in hand | 54/58 | €28,331 | €131,929 | +€103,599 | +366% |
| Deferred charges and accrued income | 490/1 | €2,937 | €1,440 | -€1,497 | -51.0% |
| Total equity and liabilities | 10/49 | €1,354,725 | €4,317,566 | +€3.0m | +219% |
| Equity | 10/15 | €102,392 | €82,926 | -€19,465 | -19.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €144,260 | €76,726 | -€67,534 | -46.8% |
| Distributable reserves | 133 | €144,260 | €76,726 | -€67,534 | -46.8% |
| Profit (loss) carried forward | 14 | -€48,068 | €0 | +€48,068 | |
| Amounts payable | 17/49 | €1,252,333 | €4,234,640 | +€3.0m | +238% |
| Amounts payable after more than one year | 17 | - | €3,448,699 | +€3.4m | |
| Financial debts | 170/4 | - | €3,448,699 | +€3.4m | |
| Amounts payable within one year | 42/48 | €1,252,333 | €785,924 | -€466,409 | -37.2% |
| Financial debts | 43 | €862,000 | €478,000 | -€384,000 | -44.5% |
| Credit institutions | 430/8 | €862,000 | €478,000 | -€384,000 | -44.5% |
| Trade debts | 44 | €3,968 | €34,622 | +€30,653 | +772% |
| Suppliers | 440/4 | €3,968 | €34,622 | +€30,653 | +772% |
| Taxes, remuneration and social security | 45 | €706 | €6,550 | +€5,845 | +828% |
| Taxes | 450/3 | €706 | €6,550 | +€5,845 | +828% |
| Other amounts payable | 47/48 | €385,659 | €266,752 | -€118,906 | -30.8% |
| Accrued charges and deferred income | 492/3 | €0 | €17 | +€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,545 | €5,340 | -€205 | -3.7% |
| Other operating charges | 640/8 | €1,305 | €1,729 | +€424 | +32.5% |
| Gross operating margin | 9900 | -€39,838 | -€11,506 | +€28,332 | +71.1% |
| Operating profit (loss) | 9901 | -€46,687 | -€18,574 | +€28,113 | +60.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -85.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -85.7% |
| Financial charges | 65/66B | €1,253 | €726 | -€527 | -42.1% |
| Recurring financial charges | 65 | €1,253 | €726 | -€527 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | -€47,940 | -€19,300 | +€28,640 | +59.7% |
| Income taxes | 67/77 | €128 | €165 | +€37 | +28.9% |
| Profit (loss) for the period | 9904 | -€48,068 | -€19,465 | +€28,603 | +59.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,068 | -€19,465 | +€28,603 | +59.5% |
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 14 October 2026 via checked.be.