3S: 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.
3S
Largest movements
- Tangible fixed assets +€73,822
up €73,822 (+1875.1%), from €3,937 to €77,759
of which Furniture and vehicles: +€74,162
- Cash +€39,644
up €39,644 (+15.0%), from €265,070 to €304,714
mainly Accrued charges and deferred income (+€98,467) and Net result for the year (+€56,400)
- Current investments +€17,240
new in 2025: €17,240
- Receivables within one year -€6,695
down €6,695 (-11.5%), from €57,978 to €51,283
of which Trade receivables: -€6,720
- Accrued charges and deferred income +€98,467
new in 2025: €98,467
- Reserves +€56,401
up €56,401 (+3033.9%), from €1,859 to €58,260
of which Distributable reserves: +€58,260
- Other debts -€43,474
down €43,474 (-75.3%), from €57,745 to €14,271
- Tax, wage and social debts +€26,138
up €26,138 (+297.2%), from €8,794 to €34,932
- Trade debts -€9,841
down €9,841 (-67.6%), from €14,549 to €4,708
- Gross operating margin +€28,973
up €28,973 (+64.6%), from €44,840 to €73,813
- Taxes +€4,378
up €4,378 (+35.7%), from €12,274 to €16,652
- Depreciation -€2,941
down €2,941 (-45.7%), from €6,430 to €3,489
- Financial income +€2,005
up €2,005 (+122.4%), from €1,639 to €3,644
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 | €326,985 | €454,676 | +€127,691 | +39.1% |
| Fixed assets | 21/28 | €3,937 | €77,759 | +€73,822 | +1875.1% |
| Tangible fixed assets | 22/27 | €3,937 | €77,759 | +€73,822 | +1875.1% |
| Plant, machinery and equipment | 23 | €680 | €340 | -€340 | -50.0% |
| Furniture and vehicles | 24 | €3,257 | €77,419 | +€74,162 | +2277.0% |
| Current assets | 29/58 | €323,048 | €376,917 | +€53,869 | +16.7% |
| Amounts receivable within one year | 40/41 | €57,978 | €51,283 | -€6,695 | -11.5% |
| Trade receivables | 40 | €57,978 | €51,258 | -€6,720 | -11.6% |
| Other amounts receivable | 41 | - | €25 | +€25 | |
| Current investments | 50/53 | - | €17,240 | +€17,240 | |
| Cash at bank and in hand | 54/58 | €265,070 | €304,714 | +€39,644 | +15.0% |
| Deferred charges and accrued income | 490/1 | - | €3,679 | +€3,679 | |
| Total equity and liabilities | 10/49 | €326,985 | €454,676 | +€127,691 | +39.1% |
| Equity | 10/15 | €245,897 | €302,298 | +€56,401 | +22.9% |
| Contributions | 10/11 | €62,605 | €62,605 | +€0 | 0.0% |
| Capital | 10 | €62,605 | - | -€62,605 | |
| Issued capital | 100 | €75,000 | - | -€75,000 | |
| Uncalled capital | 101 | €12,395 | - | -€12,395 | |
| Reserves | 13 | €1,859 | €58,260 | +€56,401 | +3033.9% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | - | €58,260 | +€58,260 | |
| Profit (loss) carried forward | 14 | €181,433 | €181,433 | -€0 | 0.0% |
| Amounts payable | 17/49 | €81,088 | €152,378 | +€71,290 | +87.9% |
| Amounts payable within one year | 42/48 | €81,088 | €53,911 | -€27,177 | -33.5% |
| Trade debts | 44 | €14,549 | €4,708 | -€9,841 | -67.6% |
| Suppliers | 440/4 | €14,549 | €4,708 | -€9,841 | -67.6% |
| Taxes, remuneration and social security | 45 | €8,794 | €34,932 | +€26,138 | +297.2% |
| Taxes | 450/3 | €8,794 | €34,932 | +€26,138 | +297.2% |
| Other amounts payable | 47/48 | €57,745 | €14,271 | -€43,474 | -75.3% |
| Accrued charges and deferred income | 492/3 | - | €98,467 | +€98,467 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,430 | €3,489 | -€2,941 | -45.7% |
| Other operating charges | 640/8 | €851 | €759 | -€92 | -10.8% |
| Gross operating margin | 9900 | €44,840 | €73,813 | +€28,973 | +64.6% |
| Operating profit (loss) | 9901 | €37,559 | €69,566 | +€32,007 | +85.2% |
| Financial income | 75/76B | €1,639 | €3,644 | +€2,005 | +122.4% |
| Recurring financial income | 75 | €1,639 | €3,644 | +€2,005 | +122.4% |
| Financial charges | 65/66B | €180 | €158 | -€22 | -12.5% |
| Recurring financial charges | 65 | €180 | €158 | -€22 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €39,018 | €73,052 | +€34,034 | +87.2% |
| Income taxes | 67/77 | €12,274 | €16,652 | +€4,378 | +35.7% |
| Profit (loss) for the period | 9904 | €26,744 | €56,400 | +€29,656 | +110.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,744 | €56,400 | +€29,656 | +110.9% |
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 7 October 2026 via checked.be.