3D recht: 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 recht
Largest movements
- Receivables within one year -€357,086
down €357,086 (-99.3%), from €359,425 to €2,338
- Cash +€24,486
up €24,486 (+65.5%), from €37,406 to €61,893
mainly Receivables within one year (+€357,086) and Depreciation (+€16,748)
- Tangible fixed assets -€16,748
down €16,748 (-3.5%), from €471,783 to €455,036
of which Land and buildings: -€9,171
- Advances received -€318,381
down €318,381 (-100%), from €318,381 to €0
- Debts after one year -€23,303
down €23,303 (-5.9%), from €396,910 to €373,606
- Gross operating margin +€30,849
up €30,849, from -€1,099 to €29,750
- Financial charges +€7,860
up €7,860 (+134%), from €5,850 to €13,710
- Depreciation -€4,707
down €4,707 (-21.9%), from €21,455 to €16,748
- Other operating charges +€786
up €786 (+126%), from €625 to €1,411
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 | €868,614 | €522,202 | -€346,412 | -39.9% |
| Fixed assets | 21/28 | €471,783 | €455,036 | -€16,748 | -3.5% |
| Tangible fixed assets | 22/27 | €471,783 | €455,036 | -€16,748 | -3.5% |
| Land and buildings | 22 | €429,961 | €420,790 | -€9,171 | -2.1% |
| Plant, machinery and equipment | 23 | €32,691 | €28,434 | -€4,257 | -13.0% |
| Furniture and vehicles | 24 | €9,131 | €5,811 | -€3,320 | -36.4% |
| Current assets | 29/58 | €396,831 | €67,167 | -€329,664 | -83.1% |
| Amounts receivable within one year | 40/41 | €359,425 | €2,338 | -€357,086 | -99.3% |
| Trade receivables | 40 | €359,425 | €2,338 | -€357,086 | -99.3% |
| Cash at bank and in hand | 54/58 | €37,406 | €61,893 | +€24,486 | +65.5% |
| Deferred charges and accrued income | 490/1 | - | €2,936 | +€2,936 | |
| Total equity and liabilities | 10/49 | €868,614 | €522,202 | -€346,412 | -39.9% |
| Equity | 10/15 | €45,971 | €43,852 | -€2,119 | -4.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,029 | -€31,148 | -€2,119 | -7.3% |
| Amounts payable | 17/49 | €822,644 | €478,351 | -€344,293 | -41.9% |
| Amounts payable after more than one year | 17 | €396,910 | €373,606 | -€23,303 | -5.9% |
| Financial debts | 170/4 | €396,910 | €373,606 | -€23,303 | -5.9% |
| Amounts payable within one year | 42/48 | €417,767 | €103,527 | -€314,241 | -75.2% |
| Current portion of amounts payable after more than one year | 42 | €22,563 | €23,303 | +€741 | +3.3% |
| Trade debts | 44 | €411 | €1,899 | +€1,488 | +362% |
| Suppliers | 440/4 | €411 | €1,899 | +€1,488 | +362% |
| Advances received on contracts in progress | 46 | €318,381 | €0 | -€318,381 | -100% |
| Taxes, remuneration and social security | 45 | €1,413 | €3,324 | +€1,911 | +135% |
| Taxes | 450/3 | €1,413 | €3,324 | +€1,911 | +135% |
| Other amounts payable | 47/48 | €75,000 | €75,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,967 | €1,218 | -€6,749 | -84.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,455 | €16,748 | -€4,707 | -21.9% |
| Other operating charges | 640/8 | €625 | €1,411 | +€786 | +126% |
| Gross operating margin | 9900 | -€1,099 | €29,750 | +€30,849 | |
| Operating profit (loss) | 9901 | -€23,180 | €11,591 | +€34,770 | |
| Financial income | 75/76B | €1 | €0 | -€0 | -88.9% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -88.9% |
| Financial charges | 65/66B | €5,850 | €13,710 | +€7,860 | +134% |
| Recurring financial charges | 65 | €5,850 | €13,710 | +€7,860 | +134% |
| Profit (loss) for the period before taxes | 9903 | -€29,029 | -€2,119 | +€26,910 | +92.7% |
| Profit (loss) for the period | 9904 | -€29,029 | -€2,119 | +€26,910 | +92.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,029 | -€2,119 | +€26,910 | +92.7% |
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 19 October 2026 via checked.be.