3CONCEPTS: what changed
Two fiscal 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.
3CONCEPTS
Largest movements
- Tangible fixed assets -€9,857
down €9,857 (-15.9%), from €62,055 to €52,199
of which Leasing and similar rights: -€5,000
- Cash +€7,479
up €7,479 (+39.7%), from €18,829 to €26,309
mainly Depreciation (+€25,626) and Net result for the year (+€15,518)
- Receivables within one year +€5,877
up €5,877 (+27.9%), from €21,031 to €26,908
of which Trade receivables: +€4,124
- Stocks and contracts +€4,766
up €4,766 (+30.9%), from €15,418 to €20,184
- Reserves +€13,812
up €13,812 (+44.4%), from €31,143 to €44,955
- Current portion of long-term debt -€7,502
down €7,502 (-37.7%), from €19,915 to €12,413
- Debts after one year -€5,215
down €5,215 (-15.8%), from €33,066 to €27,851
of which Financial debts: -€5,215
- Tax, wage and social debts +€5,057
up €5,057 (+272.4%), from €1,856 to €6,913
- Other debts -€2,040
down €2,040 (-11.9%), from €17,172 to €15,131
- Gross operating margin +€22,130
up €22,130 (+76.0%), from €29,102 to €51,232
- Taxes +€5,413
new in 2025: €5,413
- Financial charges +€1,890
up €1,890 (+103.7%), from €1,823 to €3,713
- Depreciation -€1,274
down €1,274 (-4.7%), from €26,900 to €25,626
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 | €117,651 | €126,176 | +€8,524 | +7.2% |
| Fixed assets | 21/28 | €62,055 | €52,199 | -€9,857 | -15.9% |
| Tangible fixed assets | 22/27 | €62,055 | €52,199 | -€9,857 | -15.9% |
| Plant, machinery and equipment | 23 | €22,776 | €19,622 | -€3,154 | -13.8% |
| Furniture and vehicles | 24 | €28,266 | €26,563 | -€1,703 | -6.0% |
| Leasing and similar rights | 25 | €11,014 | €6,014 | -€5,000 | -45.4% |
| Current assets | 29/58 | €55,596 | €73,977 | +€18,381 | +33.1% |
| Stocks and contracts in progress | 3 | €15,418 | €20,184 | +€4,766 | +30.9% |
| Stocks | 30/36 | €15,418 | €20,184 | +€4,766 | +30.9% |
| Amounts receivable within one year | 40/41 | €21,031 | €26,908 | +€5,877 | +27.9% |
| Trade receivables | 40 | €17,554 | €21,679 | +€4,124 | +23.5% |
| Other amounts receivable | 41 | €3,477 | €5,229 | +€1,753 | +50.4% |
| Cash at bank and in hand | 54/58 | €18,829 | €26,309 | +€7,479 | +39.7% |
| Deferred charges and accrued income | 490/1 | €319 | €577 | +€258 | +81.0% |
| Total equity and liabilities | 10/49 | €117,651 | €126,176 | +€8,524 | +7.2% |
| Equity | 10/15 | €35,269 | €49,955 | +€14,685 | +41.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,143 | €44,955 | +€13,812 | +44.4% |
| Distributable reserves | 133 | €31,143 | €44,955 | +€13,812 | +44.4% |
| Profit (loss) carried forward | 14 | -€874 | - | +€874 | |
| Amounts payable | 17/49 | €82,382 | €76,221 | -€6,161 | -7.5% |
| Amounts payable after more than one year | 17 | €33,066 | €27,851 | -€5,215 | -15.8% |
| Financial debts | 170/4 | €23,066 | €17,851 | -€5,215 | -22.6% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €49,316 | €46,689 | -€2,627 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €19,915 | €12,413 | -€7,502 | -37.7% |
| Trade debts | 44 | €10,373 | €12,232 | +€1,858 | +17.9% |
| Suppliers | 440/4 | €10,373 | €12,232 | +€1,858 | +17.9% |
| Taxes, remuneration and social security | 45 | €1,856 | €6,913 | +€5,057 | +272.4% |
| Taxes | 450/3 | €1,856 | €6,913 | +€5,057 | +272.4% |
| Other amounts payable | 47/48 | €17,172 | €15,131 | -€2,040 | -11.9% |
| Accrued charges and deferred income | 492/3 | - | €1,681 | +€1,681 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,900 | €25,626 | -€1,274 | -4.7% |
| Other operating charges | 640/8 | €1,302 | €1,267 | -€35 | -2.7% |
| Gross operating margin | 9900 | €29,102 | €51,232 | +€22,130 | +76.0% |
| Operating profit (loss) | 9901 | €901 | €24,340 | +€23,439 | +2602.4% |
| Financial income | 75/76B | €49 | €305 | +€256 | +525.0% |
| Recurring financial income | 75 | €49 | €305 | +€256 | +525.0% |
| Financial charges | 65/66B | €1,823 | €3,713 | +€1,890 | +103.7% |
| Recurring financial charges | 65 | €1,823 | €3,713 | +€1,890 | +103.7% |
| Profit (loss) for the period before taxes | 9903 | -€874 | €20,932 | +€21,805 | |
| Income taxes | 67/77 | - | €5,413 | +€5,413 | |
| Profit (loss) for the period | 9904 | -€874 | €15,518 | +€16,392 | |
| Profit (loss) for the period to be appropriated | 9905 | -€874 | €15,518 | +€16,392 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.