3D-R: 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-R
Largest movements
- Receivables within one year +€34,106
up €34,106 (+183.5%), from €18,591 to €52,697
of which Trade receivables: +€21,515
- Receivables after one year -€26,000
down €26,000 (-26.8%), from €97,000 to €71,000
- Current investments -€22,085
down €22,085 (-98.2%), from €22,500 to €415
- Cash -€6,127
down €6,127 (-50.8%), from €12,058 to €5,931
mainly Receivables within one year (-€34,106) and Contributions, distributions and other (-€26,000)
- Tangible fixed assets -€1,954
down €1,954 (-83.1%), from €2,350 to €396
- Reserves -€25,596
down €25,596 (-20.0%), from €128,137 to €102,541
- Trade debts +€2,105
new in 2025: €2,105
- Gross operating margin -€24,918
down €24,918 (-88.9%), from €28,026 to €3,108
- Taxes -€4,295
down €4,295 (-73.9%), from €5,815 to €1,520
- Other operating charges +€1,327
up €1,327 (+177.9%), from €746 to €2,073
- Financial income +€309
up €309 (+9.6%), from €3,212 to €3,521
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 | €152,499 | €130,439 | -€22,060 | -14.5% |
| Fixed assets | 21/28 | €2,350 | €396 | -€1,954 | -83.1% |
| Tangible fixed assets | 22/27 | €2,350 | €396 | -€1,954 | -83.1% |
| Furniture and vehicles | 24 | €2,350 | €396 | -€1,954 | -83.1% |
| Current assets | 29/58 | €150,149 | €130,043 | -€20,106 | -13.4% |
| Amounts receivable after more than one year | 29 | €97,000 | €71,000 | -€26,000 | -26.8% |
| Other amounts receivable | 291 | €97,000 | €71,000 | -€26,000 | -26.8% |
| Amounts receivable within one year | 40/41 | €18,591 | €52,697 | +€34,106 | +183.5% |
| Trade receivables | 40 | €8,843 | €30,358 | +€21,515 | +243.3% |
| Other amounts receivable | 41 | €9,748 | €22,339 | +€12,591 | +129.2% |
| Current investments | 50/53 | €22,500 | €415 | -€22,085 | -98.2% |
| Cash at bank and in hand | 54/58 | €12,058 | €5,931 | -€6,127 | -50.8% |
| Total equity and liabilities | 10/49 | €152,499 | €130,439 | -€22,060 | -14.5% |
| Equity | 10/15 | €134,337 | €108,741 | -€25,596 | -19.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €128,137 | €102,541 | -€25,596 | -20.0% |
| Distributable reserves | 133 | €128,137 | €102,541 | -€25,596 | -20.0% |
| Amounts payable | 17/49 | €18,162 | €21,698 | +€3,536 | +19.5% |
| Amounts payable within one year | 42/48 | €18,162 | €21,698 | +€3,536 | +19.5% |
| Trade debts | 44 | - | €2,105 | +€2,105 | |
| Suppliers | 440/4 | - | €2,105 | +€2,105 | |
| Taxes, remuneration and social security | 45 | €18,162 | €19,593 | +€1,431 | +7.9% |
| Taxes | 450/3 | €18,162 | €19,593 | +€1,431 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,954 | €1,954 | = | 0.0% |
| Other operating charges | 640/8 | €746 | €2,073 | +€1,327 | +177.9% |
| Gross operating margin | 9900 | €28,026 | €3,108 | -€24,918 | -88.9% |
| Operating profit (loss) | 9901 | €25,326 | -€919 | -€26,245 | |
| Financial income | 75/76B | €3,212 | €3,521 | +€309 | +9.6% |
| Recurring financial income | 75 | €3,212 | €3,521 | +€309 | +9.6% |
| Financial charges | 65/66B | €726 | €678 | -€48 | -6.6% |
| Recurring financial charges | 65 | €726 | €678 | -€48 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €27,812 | €1,924 | -€25,888 | -93.1% |
| Income taxes | 67/77 | €5,815 | €1,520 | -€4,295 | -73.9% |
| Profit (loss) for the period | 9904 | €21,997 | €404 | -€21,593 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,997 | €404 | -€21,593 | -98.2% |
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 11 October 2026 via checked.be.