3F MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€65,756
up €65,756 (+737.1%), from €8,920 to €74,676
mainly Net result for the year (+€62,179) and Trade debts (+€59,342)
- Tangible fixed assets +€48,608
up €48,608 (+13.5%), from €359,213 to €407,821
of which Furniture and vehicles: +€58,044
- Reserves +€60,319
up €60,319 (+104.8%), from €57,529 to €117,849
of which Distributable reserves: +€62,179
- Trade debts +€59,342
up €59,342 (+22349.5%), from €266 to €59,608
- Tax, wage and social debts +€30,388
up €30,388 (+1427.0%), from €2,129 to €32,517
- Debts after one year -€24,739
down €24,739 (-10.3%), from €239,863 to €215,125
- Contributions -€6,200
no longer reported in 2025 (was €6,200)
- Gross operating margin +€92,171
up €92,171 (+367.6%), from €25,075 to €117,246
- Taxes +€31,328
up €31,328 (+2867.8%), from €1,092 to €32,421
- Depreciation +€2,916
up €2,916 (+22.4%), from €13,035 to €15,951
- Financial charges -€2,678
down €2,678 (-38.5%), from €6,953 to €4,274
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 | €369,028 | €489,599 | +€120,572 | +32.7% |
| Fixed assets | 21/28 | €359,288 | €407,895 | +€48,608 | +13.5% |
| Tangible fixed assets | 22/27 | €359,213 | €407,821 | +€48,608 | +13.5% |
| Land and buildings | 22 | €351,434 | €342,590 | -€8,844 | -2.5% |
| Furniture and vehicles | 24 | €7,186 | €65,231 | +€58,044 | +807.7% |
| Other tangible fixed assets | 26 | €593 | €0 | -€593 | -100.0% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €9,740 | €81,704 | +€71,964 | +738.9% |
| Amounts receivable within one year | 40/41 | - | €4,780 | +€4,780 | |
| Trade receivables | 40 | - | €908 | +€908 | |
| Other amounts receivable | 41 | - | €3,873 | +€3,873 | |
| Cash at bank and in hand | 54/58 | €8,920 | €74,676 | +€65,756 | +737.1% |
| Deferred charges and accrued income | 490/1 | €819 | €2,247 | +€1,428 | +174.3% |
| Total equity and liabilities | 10/49 | €369,028 | €489,599 | +€120,572 | +32.7% |
| Equity | 10/15 | €66,272 | €122,251 | +€55,979 | +84.5% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €57,529 | €117,849 | +€60,319 | +104.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €55,669 | €117,849 | +€62,179 | +111.7% |
| Profit (loss) carried forward | 14 | €2,543 | €4,403 | +€1,860 | +73.2% |
| Amounts payable | 17/49 | €302,756 | €367,348 | +€64,592 | +21.3% |
| Amounts payable after more than one year | 17 | €239,863 | €215,125 | -€24,739 | -10.3% |
| Financial debts | 170/4 | €239,863 | €215,125 | -€24,739 | -10.3% |
| Amounts payable within one year | 42/48 | €62,892 | €151,403 | +€88,511 | +140.7% |
| Current portion of amounts payable after more than one year | 42 | €26,724 | €24,739 | -€1,985 | -7.4% |
| Trade debts | 44 | €266 | €59,608 | +€59,342 | +22349.5% |
| Suppliers | 440/4 | €266 | €59,608 | +€59,342 | +22349.5% |
| Taxes, remuneration and social security | 45 | €2,129 | €32,517 | +€30,388 | +1427.0% |
| Taxes | 450/3 | €2,129 | €32,517 | +€30,388 | +1427.0% |
| Other amounts payable | 47/48 | €33,773 | €34,539 | +€765 | +2.3% |
| Accrued charges and deferred income | 492/3 | - | €821 | +€821 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,035 | €15,951 | +€2,916 | +22.4% |
| Other operating charges | 640/8 | €2,240 | €2,421 | +€181 | +8.1% |
| Gross operating margin | 9900 | €25,075 | €117,246 | +€92,171 | +367.6% |
| Operating profit (loss) | 9901 | €9,800 | €98,874 | +€89,074 | +908.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,953 | €4,274 | -€2,678 | -38.5% |
| Recurring financial charges | 65 | €6,953 | €4,274 | -€2,678 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €2,847 | €94,600 | +€91,753 | +3222.5% |
| Income taxes | 67/77 | €1,092 | €32,421 | +€31,328 | +2867.8% |
| Profit (loss) for the period | 9904 | €1,755 | €62,179 | +€60,424 | +3443.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,755 | €62,179 | +€60,424 | +3443.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.