3S+: 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.
3S+
Largest movements
- Tangible fixed assets -€55,207
down €55,207 (-13.1%), from €422,975 to €367,767
of which Land and buildings: -€37,125
- Cash +€28,444
up €28,444 (+70.9%), from €40,144 to €68,588
mainly Depreciation (+€63,134) and Net result for the year (+€19,152)
- Trade debts -€12,844
down €12,844 (-93.8%), from €13,697 to €853
- Tax, wage and social debts -€7,416
down €7,416 (-50.2%), from €14,781 to €7,366
- Reserves -€6,400
down €6,400 (-1.6%), from €390,341 to €383,942
of which Distributable reserves: -€6,400
- Gross operating margin +€12,516
up €12,516 (+15.6%), from €80,229 to €92,745
- Depreciation +€6,563
up €6,563 (+11.6%), from €56,571 to €63,134
- Financial income +€5,342
up €5,342 (+35994.9%), from €15 to €5,356
of which Non-recurring financial income: +€4,467
- Taxes +€2,579
up €2,579 (+33.3%), from €7,733 to €10,311
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 | €488,271 | €463,435 | -€24,837 | -5.1% |
| Fixed assets | 21/28 | €422,975 | €367,767 | -€55,207 | -13.1% |
| Tangible fixed assets | 22/27 | €422,975 | €367,767 | -€55,207 | -13.1% |
| Land and buildings | 22 | €362,087 | €324,962 | -€37,125 | -10.3% |
| Plant, machinery and equipment | 23 | €4,129 | €7,203 | +€3,075 | +74.5% |
| Furniture and vehicles | 24 | €56,759 | €35,602 | -€21,157 | -37.3% |
| Current assets | 29/58 | €65,297 | €95,667 | +€30,371 | +46.5% |
| Amounts receivable within one year | 40/41 | €21,775 | €20,420 | -€1,355 | -6.2% |
| Trade receivables | 40 | €17,825 | €18,430 | +€605 | +3.4% |
| Other amounts receivable | 41 | €3,950 | €1,990 | -€1,960 | -49.6% |
| Current investments | 50/53 | €1,940 | €5,189 | +€3,249 | +167.4% |
| Cash at bank and in hand | 54/58 | €40,144 | €68,588 | +€28,444 | +70.9% |
| Deferred charges and accrued income | 490/1 | €1,437 | €1,470 | +€33 | +2.3% |
| Total equity and liabilities | 10/49 | €488,271 | €463,435 | -€24,837 | -5.1% |
| Equity | 10/15 | €410,141 | €403,916 | -€6,225 | -1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €747 | €747 | = | 0.0% |
| Reserves | 13 | €390,341 | €383,942 | -€6,400 | -1.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,700 | €9,700 | = | 0.0% |
| Distributable reserves | 133 | €378,781 | €372,382 | -€6,400 | -1.7% |
| Profit (loss) carried forward | 14 | €453 | €627 | +€174 | +38.5% |
| Provisions and deferred taxes | 16 | €5,833 | €5,833 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,833 | €5,833 | = | 0.0% |
| Pensions and similar obligations | 160 | €5,833 | €5,833 | = | 0.0% |
| Amounts payable | 17/49 | €72,297 | €53,685 | -€18,611 | -25.7% |
| Amounts payable within one year | 42/48 | €72,181 | €53,685 | -€18,496 | -25.6% |
| Trade debts | 44 | €13,697 | €853 | -€12,844 | -93.8% |
| Suppliers | 440/4 | €13,697 | €853 | -€12,844 | -93.8% |
| Taxes, remuneration and social security | 45 | €14,781 | €7,366 | -€7,416 | -50.2% |
| Taxes | 450/3 | €14,781 | €7,366 | -€7,416 | -50.2% |
| Other amounts payable | 47/48 | €43,703 | €45,466 | +€1,763 | +4.0% |
| Accrued charges and deferred income | 492/3 | €116 | - | -€116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,571 | €63,134 | +€6,563 | +11.6% |
| Other operating charges | 640/8 | €2,142 | €2,866 | +€724 | +33.8% |
| Gross operating margin | 9900 | €80,229 | €92,745 | +€12,516 | +15.6% |
| Operating profit (loss) | 9901 | €21,516 | €26,745 | +€5,229 | +24.3% |
| Financial income | 75/76B | €15 | €5,356 | +€5,342 | +35994.9% |
| Recurring financial income | 75 | €15 | €889 | +€874 | +5892.2% |
| Non-recurring financial income | 76B | - | €4,467 | +€4,467 | |
| Financial charges | 65/66B | €3,109 | €2,638 | -€470 | -15.1% |
| Recurring financial charges | 65 | €3,109 | €2,638 | -€470 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €18,422 | €29,463 | +€11,041 | +59.9% |
| Income taxes | 67/77 | €7,733 | €10,311 | +€2,579 | +33.3% |
| Profit (loss) for the period | 9904 | €10,689 | €19,152 | +€8,463 | +79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,689 | €19,152 | +€8,463 | +79.2% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.