3L INTERNATIONAL: 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.
3L INTERNATIONAL
Largest movements
- Receivables within one year -€939,882
down €939,882 (-33.3%), from €2.8m to €1.9m
of which Trade receivables: -€939,346
- Cash -€516,937
down €516,937 (-64.9%), from €796,419 to €279,482
mainly Short-term financial debts (-€973,281) and Net result for the year (-€406,086)
- Stocks and contracts -€208,809
down €208,809 (-21.6%), from €968,202 to €759,393
of which Contracts in progress: -€481,609
- Short-term financial debts -€973,281
down €973,281 (-97.3%), from €1.0m to €26,719
- Profit (loss) carried forward -€406,086
down €406,086 (-209%), from -€194,725 to -€600,812
- Trade debts -€308,819
down €308,819 (-15.6%), from €2.0m to €1.7m
- Financial charges +€265,943
up €265,943 (+13.1%), from €2.0m to €2.3m
- Gross operating margin +€46,606
up €46,606 (+26.7%), from €174,621 to €221,227
- Financial income -€14,469
down €14,469 (-0.8%), from €1.7m to €1.7m
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 | €4,641,569 | €2,961,638 | -€1.7m | -36.2% |
| Fixed assets | 21/28 | €48,360 | €32,827 | -€15,533 | -32.1% |
| Tangible fixed assets | 22/27 | €43,420 | €27,887 | -€15,533 | -35.8% |
| Furniture and vehicles | 24 | €43,420 | €27,887 | -€15,533 | -35.8% |
| Financial fixed assets | 28 | €4,940 | €4,940 | = | 0.0% |
| Current assets | 29/58 | €4,593,208 | €2,928,811 | -€1.7m | -36.2% |
| Stocks and contracts in progress | 3 | €968,202 | €759,393 | -€208,809 | -21.6% |
| Stocks | 30/36 | €175,417 | €448,217 | +€272,800 | +156% |
| Contracts in progress | 37 | €792,785 | €311,177 | -€481,609 | -60.7% |
| Amounts receivable within one year | 40/41 | €2,825,379 | €1,885,496 | -€939,882 | -33.3% |
| Trade receivables | 40 | €2,819,899 | €1,880,553 | -€939,346 | -33.3% |
| Other amounts receivable | 41 | €5,479 | €4,943 | -€536 | -9.8% |
| Cash at bank and in hand | 54/58 | €796,419 | €279,482 | -€516,937 | -64.9% |
| Deferred charges and accrued income | 490/1 | €3,209 | €4,440 | +€1,231 | +38.3% |
| Total equity and liabilities | 10/49 | €4,641,569 | €2,961,638 | -€1.7m | -36.2% |
| Equity | 10/15 | €1,312,875 | €906,788 | -€406,086 | -30.9% |
| Contributions | 10/11 | €318,600 | €318,600 | = | 0.0% |
| Reserves | 13 | €1,189,000 | €1,189,000 | = | 0.0% |
| Distributable reserves | 133 | €1,189,000 | €1,189,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€194,725 | -€600,812 | -€406,086 | -209% |
| Amounts payable | 17/49 | €3,328,694 | €2,054,850 | -€1.3m | -38.3% |
| Amounts payable after more than one year | 17 | €300,000 | €300,000 | = | 0.0% |
| Other amounts payable | 178/9 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,028,694 | €1,754,850 | -€1.3m | -42.1% |
| Financial debts | 43 | €1,000,000 | €26,719 | -€973,281 | -97.3% |
| Credit institutions | 430/8 | €1,000,000 | €26,719 | -€973,281 | -97.3% |
| Trade debts | 44 | €1,978,916 | €1,670,097 | -€308,819 | -15.6% |
| Suppliers | 440/4 | €1,978,916 | €1,670,097 | -€308,819 | -15.6% |
| Taxes, remuneration and social security | 45 | €13,129 | €9,477 | -€3,652 | -27.8% |
| Taxes | 450/3 | €1,985 | €1,953 | -€32 | -1.6% |
| Remuneration and social security | 454/9 | €11,144 | €7,525 | -€3,620 | -32.5% |
| Other amounts payable | 47/48 | €36,649 | €48,556 | +€11,907 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,483 | €15,533 | -€949 | -5.8% |
| Other operating charges | 640/8 | €2,824 | €2,778 | -€46 | -1.6% |
| Gross operating margin | 9900 | €174,621 | €221,227 | +€46,606 | +26.7% |
| Operating profit (loss) | 9901 | €155,314 | €202,915 | +€47,601 | +30.6% |
| Financial income | 75/76B | €1,706,812 | €1,692,343 | -€14,469 | -0.8% |
| Recurring financial income | 75 | €1,706,812 | €1,692,343 | -€14,469 | -0.8% |
| Financial charges | 65/66B | €2,034,926 | €2,300,869 | +€265,943 | +13.1% |
| Recurring financial charges | 65 | €2,034,926 | €2,300,869 | +€265,943 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | -€172,800 | -€405,610 | -€232,811 | -135% |
| Income taxes | 67/77 | €499 | €476 | -€23 | -4.6% |
| Profit (loss) for the period | 9904 | -€173,299 | -€406,086 | -€232,788 | -134% |
| Profit (loss) for the period to be appropriated | 9905 | -€173,299 | -€406,086 | -€232,788 | -134% |
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 31 October 2026 via checked.be.