3LV CONCEPTS: what changed
What changed
3LV CONCEPTS
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€29,869
2024 · €16,284+€13,585
Equity
€432,783
2024 · €403,414+€29,369
Cash
€9,455
2024 · €11,425-€1,970
Balance sheet total
€801,201
2024 · €826,199-€24,999
Largest movements
Assets
- Tangible fixed assets -€18,391
down €18,391 (-2.5%), from €737,438 to €719,047
of which Land and buildings: -€16,405
Equity and liabilities
- Debts after one year -€55,914
down €55,914 (-14.8%), from €378,563 to €322,649
- Reserves +€29,369
up €29,369 (+7.6%), from €384,814 to €414,183
of which Distributable reserves: +€29,369
Income statement
- Depreciation -€9,243
down €9,243 (-31.7%), from €29,112 to €19,870
- Gross operating margin +€7,966
up €7,966 (+13.3%), from €60,092 to €68,058
- Taxes +€2,770
up €2,770 (+54.4%), from €5,093 to €7,863
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€16,284
Gross operating margin
+€7,966
Depreciation
+€9,243
Other operating charges
-€351
Financial charges
-€503
Taxes
-€2,770
Result 2025
€29,869
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€55,434
Investment
-€1,479
Financing
-€55,926
Cash 2024
€11,425
From operations (derived)
+€55,434
Net result for the year
+€29,869
Depreciation
+€19,870
Receivables within one year
+€3,672
Deferred charges and accrued income
+€965
Trade debts
+€815
Tax, wage and social debts
+€243
Investment (derived)
-€1,479
Investment in fixed assets (net)
-€1,479
Financing
-€55,926
Debts after one year
-€55,914
Current portion of long-term debt
+€488
Contributions, distributions and other
-€500
Cash 2025
€9,455
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €826,199 | €801,201 | -€24,999 | -3.0% |
| Fixed assets | 21/28 | €802,438 | €784,047 | -€18,391 | -2.3% |
| Tangible fixed assets | 22/27 | €737,438 | €719,047 | -€18,391 | -2.5% |
| Land and buildings | 22 | €735,452 | €719,047 | -€16,405 | -2.2% |
| Furniture and vehicles | 24 | €1,986 | - | -€1,986 | |
| Financial fixed assets | 28 | €65,000 | €65,000 | = | 0.0% |
| Current assets | 29/58 | €23,761 | €17,154 | -€6,608 | -27.8% |
| Amounts receivable within one year | 40/41 | €11,371 | €7,699 | -€3,672 | -32.3% |
| Other amounts receivable | 41 | €11,371 | €7,699 | -€3,672 | -32.3% |
| Cash at bank and in hand | 54/58 | €11,425 | €9,455 | -€1,970 | -17.2% |
| Deferred charges and accrued income | 490/1 | €965 | - | -€965 | |
| Total equity and liabilities | 10/49 | €826,199 | €801,201 | -€24,999 | -3.0% |
| Equity | 10/15 | €403,414 | €432,783 | +€29,369 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €384,814 | €414,183 | +€29,369 | +7.6% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €366,064 | €395,433 | +€29,369 | +8.0% |
| Amounts payable | 17/49 | €422,786 | €368,418 | -€54,368 | -12.9% |
| Amounts payable after more than one year | 17 | €378,563 | €322,649 | -€55,914 | -14.8% |
| Financial debts | 170/4 | €378,563 | €322,649 | -€55,914 | -14.8% |
| Amounts payable within one year | 42/48 | €44,222 | €45,769 | +€1,546 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €40,962 | €41,450 | +€488 | +1.2% |
| Trade debts | 44 | €2,801 | €3,616 | +€815 | +29.1% |
| Suppliers | 440/4 | €2,801 | €3,616 | +€815 | +29.1% |
| Taxes, remuneration and social security | 45 | €459 | €702 | +€243 | +53.0% |
| Taxes | 450/3 | €459 | €702 | +€243 | +53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,112 | €19,870 | -€9,243 | -31.7% |
| Other operating charges | 640/8 | €3,872 | €4,223 | +€351 | +9.1% |
| Gross operating margin | 9900 | €60,092 | €68,058 | +€7,966 | +13.3% |
| Operating profit (loss) | 9901 | €27,108 | €43,965 | +€16,857 | +62.2% |
| Financial charges | 65/66B | €5,730 | €6,233 | +€503 | +8.8% |
| Recurring financial charges | 65 | €5,730 | €6,233 | +€503 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €21,378 | €37,732 | +€16,354 | +76.5% |
| Income taxes | 67/77 | €5,093 | €7,863 | +€2,770 | +54.4% |
| Profit (loss) for the period | 9904 | €16,284 | €29,869 | +€13,585 | +83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,284 | €29,869 | +€13,585 | +83.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.