3N Invest: what changed
What changed
3N Invest
filed annual accounts (NBB)
Net result for the year
€175,540
2024 · €459,826-€284,286
Equity
€8.3m
2024 · €8.1m+€175,540
Cash
€58,749
2024 · €676,108-€617,359
Balance sheet total
€9.7m
2024 · €9.9m-€211,361
Largest movements
Assets
- Cash -€617,359
down €617,359 (-91.3%), from €676,108 to €58,749
mainly Receivables after one year (-€328,358) and Current portion of long-term debt (-€300,000)
- Receivables after one year +€328,358
up €328,358 (+3.8%), from €8.6m to €9.0m
of which Other amounts receivable: +€328,358
Equity and liabilities
- Current portion of long-term debt -€300,000
down €300,000 (-85.7%), from €350,000 to €50,000
- Profit (loss) carried forward +€175,540
up €175,540 (+8.2%), from €2.1m to €2.3m
- Other debts -€100,000
down €100,000 (-25.0%), from €400,000 to €300,000
Income statement
- Financial income -€291,714
down €291,714 (-44.9%), from €649,959 to €358,245
of which Non-recurring financial income: -€362,872
- Taxes +€45,145
up €45,145 (+115%), from €39,277 to €84,422
- Financial charges -€44,535
down €44,535 (-51.8%), from €85,896 to €41,361
- Gross operating margin +€8,297
up €8,297 (+14.4%), from -€57,545 to -€49,248
- Other operating charges +€722
up €722 (+93.9%), from €768 to €1,490
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
€459,826
Gross operating margin
+€8,297
Depreciation
+€463
Other operating charges
-€722
Financial income
-€291,714
Financial charges
+€44,535
Taxes
-€45,145
Result 2025
€175,540
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
-€276,496
Investment
+€9,136
Financing
-€350,000
Cash 2024
€676,108
From operations (derived)
-€276,496
Net result for the year
+€175,540
Depreciation
+€6,184
Receivables after one year
-€328,358
Receivables within one year
-€98,006
Deferred charges and accrued income
+€5,046
Trade debts
+€576
Tax, wage and social debts
+€91,509
Other debts
-€100,000
Accrued charges and deferred income
-€28,987
Investment (derived)
+€9,136
Investment in fixed assets (net)
-€939
Current investments
+€10,075
Financing
-€350,000
Debts after one year
-€50,000
Current portion of long-term debt
-€300,000
Cash 2025
€58,749
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,908,069 | €9,696,708 | -€211,361 | -2.1% |
| Fixed assets | 21/28 | €454,029 | €448,784 | -€5,245 | -1.2% |
| Tangible fixed assets | 22/27 | €437,329 | €432,084 | -€5,245 | -1.2% |
| Land and buildings | 22 | €424,343 | €424,343 | = | 0.0% |
| Furniture and vehicles | 24 | €12,986 | €7,741 | -€5,245 | -40.4% |
| Financial fixed assets | 28 | €16,700 | €16,700 | = | 0.0% |
| Current assets | 29/58 | €9,454,040 | €9,247,924 | -€206,116 | -2.2% |
| Amounts receivable after more than one year | 29 | €8,636,198 | €8,964,556 | +€328,358 | +3.8% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €8,636,198 | €8,964,556 | +€328,358 | +3.8% |
| Amounts receivable within one year | 40/41 | €126,055 | €224,061 | +€98,006 | +77.7% |
| Other amounts receivable | 41 | €126,055 | €224,061 | +€98,006 | +77.7% |
| Current investments | 50/53 | €10,075 | €0 | -€10,075 | -100% |
| Cash at bank and in hand | 54/58 | €676,108 | €58,749 | -€617,359 | -91.3% |
| Deferred charges and accrued income | 490/1 | €5,604 | €558 | -€5,046 | -90.0% |
| Total equity and liabilities | 10/49 | €9,908,069 | €9,696,708 | -€211,361 | -2.1% |
| Equity | 10/15 | €8,091,889 | €8,267,429 | +€175,540 | +2.2% |
| Contributions | 10/11 | €587,748 | €587,748 | = | 0.0% |
| Reserves | 13 | €5,376,062 | €5,376,062 | = | 0.0% |
| Distributable reserves | 133 | €5,376,062 | €5,376,062 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,128,079 | €2,303,619 | +€175,540 | +8.2% |
| Amounts payable | 17/49 | €1,816,180 | €1,429,279 | -€386,901 | -21.3% |
| Amounts payable after more than one year | 17 | €1,000,000 | €950,000 | -€50,000 | -5.0% |
| Financial debts | 170/4 | €1,000,000 | €950,000 | -€50,000 | -5.0% |
| Amounts payable within one year | 42/48 | €781,990 | €474,075 | -€307,915 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €350,000 | €50,000 | -€300,000 | -85.7% |
| Trade debts | 44 | €2,208 | €2,785 | +€576 | +26.1% |
| Suppliers | 440/4 | €2,208 | €2,785 | +€576 | +26.1% |
| Taxes, remuneration and social security | 45 | €29,781 | €121,290 | +€91,509 | +307% |
| Taxes | 450/3 | €29,781 | €121,290 | +€91,509 | +307% |
| Other amounts payable | 47/48 | €400,000 | €300,000 | -€100,000 | -25.0% |
| Accrued charges and deferred income | 492/3 | €34,190 | €5,203 | -€28,987 | -84.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,647 | €6,184 | -€463 | -7.0% |
| Other operating charges | 640/8 | €768 | €1,490 | +€722 | +93.9% |
| Gross operating margin | 9900 | -€57,545 | -€49,248 | +€8,297 | +14.4% |
| Operating profit (loss) | 9901 | -€64,960 | -€56,922 | +€8,038 | +12.4% |
| Financial income | 75/76B | €649,959 | €358,245 | -€291,714 | -44.9% |
| Recurring financial income | 75 | €287,087 | €358,245 | +€71,158 | +24.8% |
| Non-recurring financial income | 76B | €362,872 | €0 | -€362,872 | -100% |
| Financial charges | 65/66B | €85,896 | €41,361 | -€44,535 | -51.8% |
| Recurring financial charges | 65 | €85,896 | €41,361 | -€44,535 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | €499,103 | €259,962 | -€239,141 | -47.9% |
| Income taxes | 67/77 | €39,277 | €84,422 | +€45,145 | +115% |
| Profit (loss) for the period | 9904 | €459,826 | €175,540 | -€284,286 | -61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €459,826 | €175,540 | -€284,286 | -61.8% |
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.