3DEF: 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.
3DEF
Largest movements
- Tangible fixed assets -€42,935
down €42,935 (-6.5%), from €661,547 to €618,613
of which Furniture and vehicles: -€23,302
- Cash +€12,292
up €12,292 (+177.7%), from €6,915 to €19,207
mainly Depreciation (+€42,935) and Other debts (+€32,180)
- Tax, wage and social debts -€55,110
down €55,110 (-84.1%), from €65,534 to €10,424
- Other debts +€32,180
up €32,180 (+77.4%), from €41,556 to €73,737
- Debts after one year -€23,926
down €23,926 (-5.1%), from €470,265 to €446,339
- Reserves +€16,891
up €16,891 (+16.6%), from €101,558 to €118,450
- Gross operating margin -€72,807
down €72,807 (-46.0%), from €158,139 to €85,333
- Taxes -€19,314
down €19,314 (-72.8%), from €26,521 to €7,207
- Financial income -€2,059
down €2,059 (-90.0%), from €2,287 to €228
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 | €713,720 | €684,494 | -€29,226 | -4.1% |
| Fixed assets | 21/28 | €661,547 | €618,613 | -€42,935 | -6.5% |
| Tangible fixed assets | 22/27 | €661,547 | €618,613 | -€42,935 | -6.5% |
| Land and buildings | 22 | €585,863 | €569,386 | -€16,477 | -2.8% |
| Plant, machinery and equipment | 23 | €3,284 | €2,934 | -€350 | -10.7% |
| Furniture and vehicles | 24 | €49,326 | €26,025 | -€23,302 | -47.2% |
| Other tangible fixed assets | 26 | €23,074 | €20,268 | -€2,806 | -12.2% |
| Current assets | 29/58 | €52,173 | €65,881 | +€13,709 | +26.3% |
| Amounts receivable within one year | 40/41 | €7,937 | €13,522 | +€5,586 | +70.4% |
| Trade receivables | 40 | €593 | €1,897 | +€1,304 | +219.9% |
| Other amounts receivable | 41 | €7,344 | €11,625 | +€4,282 | +58.3% |
| Current investments | 50/53 | €35,000 | €30,000 | -€5,000 | -14.3% |
| Cash at bank and in hand | 54/58 | €6,915 | €19,207 | +€12,292 | +177.7% |
| Deferred charges and accrued income | 490/1 | €2,321 | €3,152 | +€831 | +35.8% |
| Total equity and liabilities | 10/49 | €713,720 | €684,494 | -€29,226 | -4.1% |
| Equity | 10/15 | €104,558 | €121,450 | +€16,891 | +16.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €101,558 | €118,450 | +€16,891 | +16.6% |
| Distributable reserves | 133 | €101,558 | €118,450 | +€16,891 | +16.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €609,162 | €563,045 | -€46,117 | -7.6% |
| Amounts payable after more than one year | 17 | €470,265 | €446,339 | -€23,926 | -5.1% |
| Financial debts | 170/4 | €470,265 | €446,339 | -€23,926 | -5.1% |
| Amounts payable within one year | 42/48 | €133,908 | €110,074 | -€23,834 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €23,408 | €23,926 | +€518 | +2.2% |
| Financial debts | 43 | €11 | €0 | -€11 | -100.0% |
| Credit institutions | 430/8 | €11 | €0 | -€11 | -100.0% |
| Trade debts | 44 | €3,399 | €1,289 | -€2,110 | -62.1% |
| Suppliers | 440/4 | €3,399 | €1,289 | -€2,110 | -62.1% |
| Advances received on contracts in progress | 46 | - | €699 | +€699 | |
| Taxes, remuneration and social security | 45 | €65,534 | €10,424 | -€55,110 | -84.1% |
| Taxes | 450/3 | €65,534 | €10,424 | -€55,110 | -84.1% |
| Other amounts payable | 47/48 | €41,556 | €73,737 | +€32,180 | +77.4% |
| Accrued charges and deferred income | 492/3 | €4,989 | €6,631 | +€1,642 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,417 | €42,935 | +€517 | +1.2% |
| Other operating charges | 640/8 | €4,598 | €3,436 | -€1,163 | -25.3% |
| Gross operating margin | 9900 | €158,139 | €85,333 | -€72,807 | -46.0% |
| Operating profit (loss) | 9901 | €111,124 | €38,962 | -€72,161 | -64.9% |
| Financial income | 75/76B | €2,287 | €228 | -€2,059 | -90.0% |
| Recurring financial income | 75 | €2,287 | €228 | -€2,059 | -90.0% |
| Financial charges | 65/66B | €14,437 | €15,092 | +€655 | +4.5% |
| Recurring financial charges | 65 | €14,437 | €15,092 | +€655 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €98,974 | €24,098 | -€74,875 | -75.7% |
| Income taxes | 67/77 | €26,521 | €7,207 | -€19,314 | -72.8% |
| Profit (loss) for the period | 9904 | €72,452 | €16,891 | -€55,561 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €72,452 | €16,891 | -€55,561 | -76.7% |
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 2 October 2026 via checked.be.