3P CONCEPT: 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.
3P CONCEPT
Largest movements
- Receivables within one year -€62,869
down €62,869 (-98.5%), from €63,853 to €984
of which Other amounts receivable: -€62,869
- Debts after one year -€169,487
down €169,487 (-33.0%), from €513,189 to €343,702
- Profit (loss) carried forward +€87,613
up €87,613 (+5.2%), from €1.7m to €1.8m
- Financial charges -€7,168
down €7,168 (-24.7%), from €29,034 to €21,866
- Gross operating margin -€5,182
down €5,182 (-3.6%), from €145,752 to €140,570
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 | €2,395,020 | €2,319,411 | -€75,609 | -3.2% |
| Fixed assets | 21/28 | €2,315,377 | €2,315,377 | = | 0.0% |
| Financial fixed assets | 28 | €2,315,377 | €2,315,377 | = | 0.0% |
| Current assets | 29/58 | €79,643 | €4,034 | -€75,609 | -94.9% |
| Amounts receivable within one year | 40/41 | €63,853 | €984 | -€62,869 | -98.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €63,853 | €984 | -€62,869 | -98.5% |
| Current investments | 50/53 | €1,500 | €0 | -€1,500 | -100% |
| Cash at bank and in hand | 54/58 | €13,688 | €2,448 | -€11,240 | -82.1% |
| Deferred charges and accrued income | 490/1 | €602 | €602 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,395,020 | €2,319,411 | -€75,609 | -3.2% |
| Equity | 10/15 | €1,715,005 | €1,802,618 | +€87,613 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,695,785 | €1,783,398 | +€87,613 | +5.2% |
| Amounts payable | 17/49 | €680,015 | €516,793 | -€163,222 | -24.0% |
| Amounts payable after more than one year | 17 | €513,189 | €343,702 | -€169,487 | -33.0% |
| Financial debts | 170/4 | €513,189 | €343,702 | -€169,487 | -33.0% |
| Amounts payable within one year | 42/48 | €142,914 | €154,791 | +€11,877 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €80,062 | €81,224 | +€1,162 | +1.5% |
| Financial debts | 43 | €27,555 | €27,550 | -€4 | 0.0% |
| Credit institutions | 430/8 | €27,555 | €27,550 | -€4 | 0.0% |
| Trade debts | 44 | €1,602 | €2,540 | +€938 | +58.5% |
| Suppliers | 440/4 | €1,602 | €2,540 | +€938 | +58.5% |
| Taxes, remuneration and social security | 45 | €0 | €105 | +€105 | |
| Taxes | 450/3 | €0 | €105 | +€105 | |
| Other amounts payable | 47/48 | €33,695 | €43,372 | +€9,677 | +28.7% |
| Accrued charges and deferred income | 492/3 | €23,913 | €18,300 | -€5,613 | -23.5% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €145,752 | €140,570 | -€5,182 | -3.6% |
| Operating profit (loss) | 9901 | €144,784 | €139,571 | -€5,213 | -3.6% |
| Financial income | 75/76B | €273 | €13 | -€261 | -95.4% |
| Recurring financial income | 75 | €273 | €13 | -€261 | -95.4% |
| Financial charges | 65/66B | €29,034 | €21,866 | -€7,168 | -24.7% |
| Recurring financial charges | 65 | €29,034 | €21,866 | -€7,168 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €116,024 | €117,718 | +€1,693 | +1.5% |
| Income taxes | 67/77 | €29,016 | €30,105 | +€1,089 | +3.8% |
| Profit (loss) for the period | 9904 | €87,009 | €87,613 | +€604 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €87,009 | €87,613 | +€604 | +0.7% |
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 24 October 2026 via checked.be.