3D MANAGEMENT: 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.
3D MANAGEMENT
Largest movements
- Tangible fixed assets -€252,041
down €252,041 (-16.5%), from €1.5m to €1.3m
of which Other tangible fixed assets: -€131,235
- Deferred charges and accrued income +€63,395
up €63,395 (+510.6%), from €12,416 to €75,811
- Cash +€61,423
up €61,423 (+40.8%), from €150,450 to €211,873
mainly Short-term financial debts (+€300,000) and Depreciation (+€224,494)
- Stocks and contracts -€47,503
down €47,503 (-1.7%), from €2.8m to €2.8m
- Short-term financial debts +€300,000
up €300,000 (+75.0%), from €400,000 to €700,000
- Debts after one year -€194,114
down €194,114 (-25.1%), from €774,749 to €580,635
- Reserves -€126,300
down €126,300 (-6.8%), from €1.8m to €1.7m
of which Tax-exempt reserves: -€126,300
- Other debts -€95,819
down €95,819 (-38.1%), from €251,489 to €155,670
- Profit (loss) carried forward +€80,766
up €80,766 (+58.5%), from €138,134 to €218,899
- Gross operating margin -€277,482
down €277,482 (-11.7%), from €2.4m to €2.1m
- Taxes -€62,971
down €62,971 (-88.2%), from €71,431 to €8,460
- Staff costs -€58,003
down €58,003 (-3.2%), from €1.8m to €1.8m
- Other operating charges +€40,605
up €40,605 (+113.1%), from €35,888 to €76,493
- Depreciation -€34,343
down €34,343 (-13.3%), from €258,837 to €224,494
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 | €4,661,008 | €4,452,489 | -€208,519 | -4.5% |
| Fixed assets | 21/28 | €1,526,648 | €1,273,583 | -€253,065 | -16.6% |
| Intangible fixed assets | 21 | €900 | - | -€900 | |
| Tangible fixed assets | 22/27 | €1,525,624 | €1,273,583 | -€252,041 | -16.5% |
| Land and buildings | 22 | €590,051 | €556,378 | -€33,673 | -5.7% |
| Furniture and vehicles | 24 | €266,102 | €178,967 | -€87,134 | -32.7% |
| Other tangible fixed assets | 26 | €669,472 | €538,237 | -€131,235 | -19.6% |
| Financial fixed assets | 28 | €124 | - | -€124 | |
| Current assets | 29/58 | €3,134,360 | €3,178,906 | +€44,547 | +1.4% |
| Stocks and contracts in progress | 3 | €2,840,037 | €2,792,533 | -€47,503 | -1.7% |
| Stocks | 30/36 | €2,840,037 | €2,792,533 | -€47,503 | -1.7% |
| Amounts receivable within one year | 40/41 | €131,457 | €98,689 | -€32,768 | -24.9% |
| Trade receivables | 40 | €80,430 | €57,152 | -€23,279 | -28.9% |
| Other amounts receivable | 41 | €51,027 | €41,537 | -€9,489 | -18.6% |
| Cash at bank and in hand | 54/58 | €150,450 | €211,873 | +€61,423 | +40.8% |
| Deferred charges and accrued income | 490/1 | €12,416 | €75,811 | +€63,395 | +510.6% |
| Total equity and liabilities | 10/49 | €4,661,008 | €4,452,489 | -€208,519 | -4.5% |
| Equity | 10/15 | €2,077,584 | €2,032,049 | -€45,534 | -2.2% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €1,849,450 | €1,723,150 | -€126,300 | -6.8% |
| Tax-exempt reserves | 132 | €189,450 | €63,150 | -€126,300 | -66.7% |
| Distributable reserves | 133 | €1,660,000 | €1,660,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,134 | €218,899 | +€80,766 | +58.5% |
| Amounts payable | 17/49 | €2,583,424 | €2,420,439 | -€162,985 | -6.3% |
| Amounts payable after more than one year | 17 | €774,749 | €580,635 | -€194,114 | -25.1% |
| Financial debts | 170/4 | €774,749 | €580,635 | -€194,114 | -25.1% |
| Amounts payable within one year | 42/48 | €1,733,054 | €1,812,769 | +€79,715 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €250,252 | €194,114 | -€56,138 | -22.4% |
| Financial debts | 43 | €400,000 | €700,000 | +€300,000 | +75.0% |
| Credit institutions | 430/8 | €400,000 | €700,000 | +€300,000 | +75.0% |
| Trade debts | 44 | €412,420 | €410,929 | -€1,490 | -0.4% |
| Suppliers | 440/4 | €412,420 | €410,929 | -€1,490 | -0.4% |
| Taxes, remuneration and social security | 45 | €418,894 | €352,055 | -€66,838 | -16.0% |
| Taxes | 450/3 | €180,283 | €132,366 | -€47,917 | -26.6% |
| Remuneration and social security | 454/9 | €238,610 | €219,689 | -€18,922 | -7.9% |
| Other amounts payable | 47/48 | €251,489 | €155,670 | -€95,819 | -38.1% |
| Accrued charges and deferred income | 492/3 | €75,621 | €27,036 | -€48,586 | -64.2% |
| Remuneration, social security and pensions | 62 | €1,809,765 | €1,751,762 | -€58,003 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €258,837 | €224,494 | -€34,343 | -13.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,729 | €5,397 | -€5,332 | -49.7% |
| Other operating charges | 640/8 | €35,888 | €76,493 | +€40,605 | +113.1% |
| Gross operating margin | 9900 | €2,375,251 | €2,097,769 | -€277,482 | -11.7% |
| Operating profit (loss) | 9901 | €260,033 | €39,624 | -€220,409 | -84.8% |
| Financial income | 75/76B | €5,113 | €4,484 | -€629 | -12.3% |
| Recurring financial income | 75 | €5,113 | €4,484 | -€629 | -12.3% |
| Financial charges | 65/66B | €94,897 | €81,182 | -€13,715 | -14.5% |
| Recurring financial charges | 65 | €94,897 | €81,182 | -€13,715 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €170,249 | -€37,074 | -€207,323 | |
| Income taxes | 67/77 | €71,431 | €8,460 | -€62,971 | -88.2% |
| Profit (loss) for the period | 9904 | €98,818 | -€45,534 | -€144,352 | |
| Transfer from tax-exempt reserves | 789 | €42,100 | €126,300 | +€84,200 | +200.0% |
| Profit (loss) for the period to be appropriated | 9905 | €140,918 | €80,766 | -€60,152 | -42.7% |
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.