3PS: 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.
3PS
Largest movements
- Tangible fixed assets -€23,502
down €23,502 (-8.7%), from €270,272 to €246,769
of which Land and buildings: -€22,494
- Receivables within one year +€11,940
up €11,940 (+7.4%), from €161,978 to €173,918
of which Trade receivables: +€11,970
- Cash +€5,442
up €5,442 (+113.7%), from €4,788 to €10,230
mainly Depreciation (+€23,502) and Trade debts (+€11,724)
- Debts after one year -€21,266
down €21,266 (-79.8%), from €26,638 to €5,372
- Trade debts +€11,724
up €11,724 (+7.7%), from €152,232 to €163,956
- Current portion of long-term debt -€8,543
down €8,543 (-28.7%), from €29,809 to €21,266
- Other debts +€7,510
up €7,510 (+14.5%), from €51,838 to €59,348
- Reserves -€5,746
down €5,746 (-6.1%), from €94,911 to €89,165
of which Distributable reserves: -€5,746
- Gross operating margin +€12,124
up €12,124 (+86.0%), from €14,099 to €26,223
- Financial charges -€593
down €593 (-10.9%), from €5,433 to €4,840
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 | €441,091 | €433,358 | -€7,734 | -1.8% |
| Fixed assets | 21/28 | €270,520 | €247,017 | -€23,502 | -8.7% |
| Tangible fixed assets | 22/27 | €270,272 | €246,769 | -€23,502 | -8.7% |
| Land and buildings | 22 | €268,365 | €245,871 | -€22,494 | -8.4% |
| Plant, machinery and equipment | 23 | €1,326 | €806 | -€520 | -39.2% |
| Furniture and vehicles | 24 | €581 | €93 | -€489 | -84.1% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €170,572 | €186,340 | +€15,769 | +9.2% |
| Amounts receivable within one year | 40/41 | €161,978 | €173,918 | +€11,940 | +7.4% |
| Trade receivables | 40 | €161,948 | €173,918 | +€11,970 | +7.4% |
| Other amounts receivable | 41 | €30 | €0 | -€30 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,788 | €10,230 | +€5,442 | +113.7% |
| Deferred charges and accrued income | 490/1 | €3,805 | €2,192 | -€1,613 | -42.4% |
| Total equity and liabilities | 10/49 | €441,091 | €433,358 | -€7,734 | -1.8% |
| Equity | 10/15 | €166,911 | €161,165 | -€5,746 | -3.4% |
| Contributions | 10/11 | €72,000 | €72,000 | = | 0.0% |
| Reserves | 13 | €94,911 | €89,165 | -€5,746 | -6.1% |
| Non-distributable reserves | 130/1 | €7,200 | €7,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,200 | €7,200 | = | 0.0% |
| Distributable reserves | 133 | €87,711 | €81,965 | -€5,746 | -6.6% |
| Amounts payable | 17/49 | €274,180 | €272,192 | -€1,988 | -0.7% |
| Amounts payable after more than one year | 17 | €26,638 | €5,372 | -€21,266 | -79.8% |
| Financial debts | 170/4 | €26,638 | €5,372 | -€21,266 | -79.8% |
| Amounts payable within one year | 42/48 | €240,641 | €256,364 | +€15,723 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €29,809 | €21,266 | -€8,543 | -28.7% |
| Trade debts | 44 | €152,232 | €163,956 | +€11,724 | +7.7% |
| Suppliers | 440/4 | €152,232 | €163,956 | +€11,724 | +7.7% |
| Taxes, remuneration and social security | 45 | €6,762 | €11,794 | +€5,032 | +74.4% |
| Taxes | 450/3 | €6,762 | €4,566 | -€2,197 | -32.5% |
| Remuneration and social security | 454/9 | - | €7,229 | +€7,229 | |
| Other amounts payable | 47/48 | €51,838 | €59,348 | +€7,510 | +14.5% |
| Accrued charges and deferred income | 492/3 | €6,901 | €10,456 | +€3,555 | +51.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,610 | €23,502 | -€107 | -0.5% |
| Other operating charges | 640/8 | €3,580 | €3,627 | +€47 | +1.3% |
| Gross operating margin | 9900 | €14,099 | €26,223 | +€12,124 | +86.0% |
| Operating profit (loss) | 9901 | -€13,091 | -€906 | +€12,185 | +93.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,433 | €4,840 | -€593 | -10.9% |
| Recurring financial charges | 65 | €5,433 | €4,840 | -€593 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,524 | -€5,746 | +€12,778 | +69.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€18,524 | -€5,746 | +€12,778 | +69.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,524 | -€5,746 | +€12,778 | +69.0% |
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 9 October 2026 via checked.be.