3HI: 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.
3HI
Largest movements
- Tangible fixed assets +€2.3m
up €2.3m (+72.3%), from €3.2m to €5.6m
of which Assets under construction and advance payments: +€1.5m
- Financial fixed assets +€642,542
up €642,542 (+6.7%), from €9.6m to €10.3m
- Cash -€368,280
down €368,280 (-89.2%), from €412,897 to €44,617
mainly Investment in fixed assets (net) (-€3.1m) and Net result for the year (-€109,880)
- Current portion of long-term debt +€1.2m
up €1.2m (+25125.7%), from €4,814 to €1.2m
- Debts after one year +€1.1m
up €1.1m (+14.7%), from €7.3m to €8.4m
of which Other amounts payable: +€1.4m
- Trade debts +€199,291
up €199,291 (+85.6%), from €232,778 to €432,069
- Gross operating margin -€316,085
down €316,085 (-77.6%), from €407,284 to €91,200
- Financial income +€179,431
up €179,431 (+168.3%), from €106,635 to €286,066
- Depreciation +€45,683
up €45,683 (+41.8%), from €109,371 to €155,053
- Staff costs -€15,148
down €15,148 (-7.6%), from €198,463 to €183,315
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 | €13,504,672 | €16,004,752 | +€2.5m | +18.5% |
| Fixed assets | 21/28 | €12,843,684 | €15,822,338 | +€3.0m | +23.2% |
| Intangible fixed assets | 21 | €367 | €7,230 | +€6,863 | +1867.8% |
| Tangible fixed assets | 22/27 | €3,221,212 | €5,550,463 | +€2.3m | +72.3% |
| Land and buildings | 22 | €3,183,857 | €3,809,933 | +€626,076 | +19.7% |
| Plant, machinery and equipment | 23 | €8,189 | €6,994 | -€1,196 | -14.6% |
| Furniture and vehicles | 24 | €29,166 | €184,676 | +€155,510 | +533.2% |
| Assets under construction and advance payments | 27 | €0 | €1,548,860 | +€1.5m | |
| Financial fixed assets | 28 | €9,622,104 | €10,264,646 | +€642,542 | +6.7% |
| Current assets | 29/58 | €660,989 | €182,414 | -€478,575 | -72.4% |
| Amounts receivable within one year | 40/41 | €245,160 | €137,796 | -€107,364 | -43.8% |
| Trade receivables | 40 | €239,016 | €104,450 | -€134,566 | -56.3% |
| Other amounts receivable | 41 | €6,144 | €33,346 | +€27,202 | +442.7% |
| Cash at bank and in hand | 54/58 | €412,897 | €44,617 | -€368,280 | -89.2% |
| Deferred charges and accrued income | 490/1 | €2,931 | €0 | -€2,931 | -100.0% |
| Total equity and liabilities | 10/49 | €13,504,672 | €16,004,752 | +€2.5m | +18.5% |
| Equity | 10/15 | €5,815,755 | €5,705,875 | -€109,880 | -1.9% |
| Contributions | 10/11 | €6,050,000 | €6,050,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€234,245 | -€344,125 | -€109,880 | -46.9% |
| Amounts payable | 17/49 | €7,688,917 | €10,298,877 | +€2.6m | +33.9% |
| Amounts payable after more than one year | 17 | €7,333,045 | €8,410,987 | +€1.1m | +14.7% |
| Financial debts | 170/4 | €2,021,189 | €1,660,182 | -€361,008 | -17.9% |
| Other amounts payable | 178/9 | €5,311,856 | €6,750,805 | +€1.4m | +27.1% |
| Amounts payable within one year | 42/48 | €248,943 | €1,680,426 | +€1.4m | +575.0% |
| Current portion of amounts payable after more than one year | 42 | €4,814 | €1,214,448 | +€1.2m | +25125.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €232,778 | €432,069 | +€199,291 | +85.6% |
| Suppliers | 440/4 | €232,778 | €432,069 | +€199,291 | +85.6% |
| Taxes, remuneration and social security | 45 | €11,351 | €33,909 | +€22,558 | +198.7% |
| Taxes | 450/3 | €3,783 | €2,936 | -€848 | -22.4% |
| Remuneration and social security | 454/9 | €7,568 | €30,973 | +€23,405 | +309.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €106,929 | €207,465 | +€100,536 | +94.0% |
| Remuneration, social security and pensions | 62 | €198,463 | €183,315 | -€15,148 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,371 | €155,053 | +€45,683 | +41.8% |
| Other operating charges | 640/8 | €6,143 | €6,571 | +€428 | +7.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €407,284 | €91,200 | -€316,085 | -77.6% |
| Operating profit (loss) | 9901 | €93,308 | -€253,740 | -€347,048 | |
| Financial income | 75/76B | €106,635 | €286,066 | +€179,431 | +168.3% |
| Recurring financial income | 75 | €106,635 | €286,066 | +€179,431 | +168.3% |
| Financial charges | 65/66B | €140,729 | €141,907 | +€1,179 | +0.8% |
| Recurring financial charges | 65 | €140,729 | €141,907 | +€1,179 | +0.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €59,214 | -€109,581 | -€168,795 | |
| Income taxes | 67/77 | €271 | €299 | +€29 | +10.5% |
| Profit (loss) for the period | 9904 | €58,943 | -€109,880 | -€168,824 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,943 | -€109,880 | -€168,824 |
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.