3LEFS: 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.
3LEFS
Largest movements
- Current investments -€15,000
down €15,000 (-60.0%), from €25,000 to €10,000
- Tangible fixed assets -€13,071
down €13,071 (-21.2%), from €61,590 to €48,519
- Cash +€2,363
up €2,363 (+9.1%), from €25,934 to €28,297
mainly Net result for the year (+€42,967) and Other debts (+€20,413)
- Reserves -€44,203
down €44,203 (-50.7%), from €87,170 to €42,967
- Other debts +€20,413
up €20,413 (+80.1%), from €25,500 to €45,913
- Tax, wage and social debts -€2,642
down €2,642 (-31.3%), from €8,451 to €5,808
- Gross operating margin -€14,065
down €14,065 (-15.8%), from €89,051 to €74,986
- Depreciation +€4,562
up €4,562 (+47.0%), from €9,706 to €14,268
- Taxes -€1,609
down €1,609 (-8.5%), from €18,953 to €17,345
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 | €125,533 | €99,588 | -€25,945 | -20.7% |
| Fixed assets | 21/28 | €61,590 | €48,519 | -€13,071 | -21.2% |
| Tangible fixed assets | 22/27 | €61,590 | €48,519 | -€13,071 | -21.2% |
| Furniture and vehicles | 24 | €61,590 | €48,519 | -€13,071 | -21.2% |
| Current assets | 29/58 | €63,943 | €51,069 | -€12,874 | -20.1% |
| Amounts receivable within one year | 40/41 | €13,009 | €12,351 | -€658 | -5.1% |
| Trade receivables | 40 | €3,429 | €12,308 | +€8,879 | +258.9% |
| Other amounts receivable | 41 | €9,580 | €43 | -€9,537 | -99.5% |
| Current investments | 50/53 | €25,000 | €10,000 | -€15,000 | -60.0% |
| Cash at bank and in hand | 54/58 | €25,934 | €28,297 | +€2,363 | +9.1% |
| Deferred charges and accrued income | 490/1 | - | €421 | +€421 | |
| Total equity and liabilities | 10/49 | €125,533 | €99,588 | -€25,945 | -20.7% |
| Equity | 10/15 | €89,670 | €45,467 | -€44,203 | -49.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €87,170 | €42,967 | -€44,203 | -50.7% |
| Distributable reserves | 133 | €87,170 | €42,967 | -€44,203 | -50.7% |
| Amounts payable | 17/49 | €35,863 | €54,121 | +€18,258 | +50.9% |
| Amounts payable within one year | 42/48 | €35,452 | €54,033 | +€18,581 | +52.4% |
| Trade debts | 44 | €1,501 | €2,312 | +€811 | +54.0% |
| Suppliers | 440/4 | €1,501 | €2,312 | +€811 | +54.0% |
| Taxes, remuneration and social security | 45 | €8,451 | €5,808 | -€2,642 | -31.3% |
| Taxes | 450/3 | €8,451 | €5,808 | -€2,642 | -31.3% |
| Other amounts payable | 47/48 | €25,500 | €45,913 | +€20,413 | +80.1% |
| Accrued charges and deferred income | 492/3 | €411 | €88 | -€323 | -78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,706 | €14,268 | +€4,562 | +47.0% |
| Other operating charges | 640/8 | €260 | €651 | +€391 | +150.2% |
| Gross operating margin | 9900 | €89,051 | €74,986 | -€14,065 | -15.8% |
| Operating profit (loss) | 9901 | €79,084 | €60,067 | -€19,017 | -24.0% |
| Financial income | 75/76B | €1,050 | €900 | -€150 | -14.3% |
| Recurring financial income | 75 | €1,050 | €900 | -€150 | -14.3% |
| Financial charges | 65/66B | €128 | €655 | +€527 | +412.4% |
| Recurring financial charges | 65 | €128 | €655 | +€527 | +412.4% |
| Profit (loss) for the period before taxes | 9903 | €80,007 | €60,312 | -€19,695 | -24.6% |
| Income taxes | 67/77 | €18,953 | €17,345 | -€1,609 | -8.5% |
| Profit (loss) for the period | 9904 | €61,053 | €42,967 | -€18,086 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €61,053 | €42,967 | -€18,086 | -29.6% |
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 5 October 2026 via checked.be.