3D1L: 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.
3D1L
Largest movements
- Deferred charges and accrued income +€451,291
up €451,291 (+72.2%), from €625,073 to €1.1m
- Intangible fixed assets -€278,883
down €278,883 (-12.6%), from €2.2m to €1.9m
- Current investments +€48,758
new in 2025: €48,758
- Tangible fixed assets -€36,089
down €36,089 (-73.8%), from €48,907 to €12,818
- Other debts +€430,807
up €430,807 (+95.6%), from €450,411 to €881,218
- Debts after one year -€203,455
down €203,455 (-12.0%), from €1.7m to €1.5m
- Profit (loss) carried forward +€194,103
up €194,103 (+500%), from €38,787 to €232,890
- Trade debts -€147,857
down €147,857 (-69.7%), from €212,160 to €64,303
- Short-term financial debts -€50,990
down €50,990 (-28.3%), from €180,115 to €129,125
of which Credit institutions: -€80,990
- Gross operating margin +€678,172
up €678,172 (+36.2%), from €1.9m to €2.6m
- Taxes +€44,665
up €44,665 (+127%), from €35,111 to €79,777
- Financial charges -€35,208
down €35,208 (-39.7%), from €88,651 to €53,443
- Other operating charges +€25,924
up €25,924 (+1,300%), from €1,995 to €27,919
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 | €2,887,513 | €3,087,691 | +€200,179 | +6.9% |
| Fixed assets | 21/28 | €2,262,423 | €1,947,451 | -€314,972 | -13.9% |
| Intangible fixed assets | 21 | €2,211,416 | €1,932,533 | -€278,883 | -12.6% |
| Tangible fixed assets | 22/27 | €48,907 | €12,818 | -€36,089 | -73.8% |
| Furniture and vehicles | 24 | €48,907 | €12,818 | -€36,089 | -73.8% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €625,089 | €1,140,240 | +€515,151 | +82.4% |
| Amounts receivable within one year | 40/41 | €16 | €3,422 | +€3,406 | +21,288% |
| Other amounts receivable | 41 | €16 | €3,422 | +€3,406 | +21,288% |
| Current investments | 50/53 | - | €48,758 | +€48,758 | |
| Cash at bank and in hand | 54/58 | €0 | €11,696 | +€11,696 | |
| Deferred charges and accrued income | 490/1 | €625,073 | €1,076,364 | +€451,291 | +72.2% |
| Total equity and liabilities | 10/49 | €2,887,513 | €3,087,691 | +€200,179 | +6.9% |
| Equity | 10/15 | €58,787 | €252,890 | +€194,103 | +330% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,787 | €232,890 | +€194,103 | +500% |
| Amounts payable | 17/49 | €2,828,726 | €2,834,802 | +€6,076 | +0.2% |
| Amounts payable after more than one year | 17 | €1,698,650 | €1,495,195 | -€203,455 | -12.0% |
| Financial debts | 170/4 | €1,698,650 | €1,495,195 | -€203,455 | -12.0% |
| Amounts payable within one year | 42/48 | €1,087,483 | €1,333,920 | +€246,437 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €209,686 | €203,455 | -€6,231 | -3.0% |
| Financial debts | 43 | €180,115 | €129,125 | -€50,990 | -28.3% |
| Credit institutions | 430/8 | €180,115 | €99,125 | -€80,990 | -45.0% |
| Other loans | 439 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €212,160 | €64,303 | -€147,857 | -69.7% |
| Suppliers | 440/4 | €212,160 | €64,303 | -€147,857 | -69.7% |
| Taxes, remuneration and social security | 45 | €35,111 | €55,819 | +€20,708 | +59.0% |
| Taxes | 450/3 | €35,111 | €54,777 | +€19,665 | +56.0% |
| Remuneration and social security | 454/9 | - | €1,042 | +€1,042 | |
| Other amounts payable | 47/48 | €450,411 | €881,218 | +€430,807 | +95.6% |
| Accrued charges and deferred income | 492/3 | €42,593 | €5,687 | -€36,906 | -86.6% |
| Remuneration, social security and pensions | 62 | €1,315,277 | €1,297,846 | -€17,431 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €310,032 | €300,772 | -€9,260 | -3.0% |
| Other operating charges | 640/8 | €1,995 | €27,919 | +€25,924 | +1,300% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,875,687 | €2,553,859 | +€678,172 | +36.2% |
| Operating profit (loss) | 9901 | €248,383 | €927,322 | +€678,939 | +273% |
| Financial income | 75/76B | €370 | €0 | -€370 | -100.0% |
| Recurring financial income | 75 | €370 | €0 | -€370 | -100.0% |
| Financial charges | 65/66B | €88,651 | €53,443 | -€35,208 | -39.7% |
| Recurring financial charges | 65 | €88,651 | €53,443 | -€35,208 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €160,102 | €873,879 | +€713,777 | +446% |
| Income taxes | 67/77 | €35,111 | €79,777 | +€44,665 | +127% |
| Profit (loss) for the period | 9904 | €124,991 | €794,103 | +€669,112 | +535% |
| Profit (loss) for the period to be appropriated | 9905 | €124,991 | €794,103 | +€669,112 | +535% |
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.