3F ADVISORY: 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.
3F ADVISORY
Largest movements
- Cash -€96,350
down €96,350 (-62.4%), from €154,492 to €58,142
mainly Contributions, distributions and other (-€68,825) and Receivables within one year (-€40,056)
- Receivables within one year +€40,056
up €40,056 (+258.2%), from €15,511 to €55,567
of which Other amounts receivable: +€21,906
- Deferred charges and accrued income +€2,969
up €2,969 (+112.6%), from €2,637 to €5,605
- Reserves -€57,999
down €57,999 (-40.3%), from €143,866 to €85,867
- Other debts +€10,475
up €10,475 (+2459.1%), from €426 to €10,901
- Tax, wage and social debts -€8,550
down €8,550 (-48.2%), from €17,741 to €9,190
- Trade debts +€1,955
up €1,955 (+74.5%), from €2,623 to €4,578
- Gross operating margin -€59,059
down €59,059 (-80.0%), from €73,815 to €14,756
- Taxes -€11,523
down €11,523 (-77.2%), from €14,920 to €3,397
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 | €183,762 | €129,423 | -€54,338 | -29.6% |
| Fixed assets | 21/28 | €11,122 | €10,109 | -€1,013 | -9.1% |
| Tangible fixed assets | 22/27 | €11,122 | €10,109 | -€1,013 | -9.1% |
| Furniture and vehicles | 24 | €1,522 | €509 | -€1,013 | -66.6% |
| Other tangible fixed assets | 26 | €9,600 | €9,600 | = | 0.0% |
| Current assets | 29/58 | €172,640 | €119,314 | -€53,326 | -30.9% |
| Amounts receivable within one year | 40/41 | €15,511 | €55,567 | +€40,056 | +258.2% |
| Trade receivables | 40 | - | €18,150 | +€18,150 | |
| Other amounts receivable | 41 | €15,511 | €37,417 | +€21,906 | +141.2% |
| Cash at bank and in hand | 54/58 | €154,492 | €58,142 | -€96,350 | -62.4% |
| Deferred charges and accrued income | 490/1 | €2,637 | €5,605 | +€2,969 | +112.6% |
| Total equity and liabilities | 10/49 | €183,762 | €129,423 | -€54,338 | -29.6% |
| Equity | 10/15 | €162,466 | €104,467 | -€57,999 | -35.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €143,866 | €85,867 | -€57,999 | -40.3% |
| Distributable reserves | 133 | €143,866 | €85,867 | -€57,999 | -40.3% |
| Amounts payable | 17/49 | €21,296 | €24,956 | +€3,660 | +17.2% |
| Amounts payable within one year | 42/48 | €21,296 | €24,956 | +€3,660 | +17.2% |
| Financial debts | 43 | €506 | €287 | -€219 | -43.3% |
| Credit institutions | 430/8 | €506 | €287 | -€219 | -43.3% |
| Trade debts | 44 | €2,623 | €4,578 | +€1,955 | +74.5% |
| Suppliers | 440/4 | €2,623 | €4,578 | +€1,955 | +74.5% |
| Taxes, remuneration and social security | 45 | €17,741 | €9,190 | -€8,550 | -48.2% |
| Taxes | 450/3 | €17,741 | €9,190 | -€8,550 | -48.2% |
| Other amounts payable | 47/48 | €426 | €10,901 | +€10,475 | +2459.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,473 | €1,013 | -€460 | -31.2% |
| Other operating charges | 640/8 | €451 | €466 | +€15 | +3.3% |
| Gross operating margin | 9900 | €73,815 | €14,756 | -€59,059 | -80.0% |
| Operating profit (loss) | 9901 | €71,891 | €13,277 | -€58,614 | -81.5% |
| Financial income | 75/76B | €1,437 | €1,009 | -€429 | -29.8% |
| Recurring financial income | 75 | €1,437 | €1,009 | -€429 | -29.8% |
| Financial charges | 65/66B | €74 | €63 | -€11 | -15.4% |
| Recurring financial charges | 65 | €74 | €63 | -€11 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €73,255 | €14,223 | -€59,031 | -80.6% |
| Income taxes | 67/77 | €14,920 | €3,397 | -€11,523 | -77.2% |
| Profit (loss) for the period | 9904 | €58,334 | €10,826 | -€47,508 | -81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,334 | €10,826 | -€47,508 | -81.4% |
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 3 October 2026 via checked.be.