3S-BALANCE: 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-BALANCE
Largest movements
- Receivables within one year -€27,403
down €27,403 (-65.4%), from €41,892 to €14,489
of which Trade receivables: -€27,229
- Cash +€4,220
up €4,220 (+13.5%), from €31,218 to €35,438
mainly Receivables within one year (+€27,403) and Depreciation (+€1,176)
- Deferred charges and accrued income +€1,300
new in 2025: €1,300
- Reserves -€20,980
down €20,980 (-39.3%), from €53,428 to €32,448
- Tax, wage and social debts -€1,464
down €1,464 (-61.9%), from €2,366 to €902
- Gross operating margin -€28,190
down €28,190, from €8,490 to -€19,700
- Taxes -€1,110
no longer reported in 2025 (was €1,110)
- Depreciation -€508
down €508 (-30.2%), from €1,684 to €1,176
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 | €74,818 | €52,558 | -€22,260 | -29.8% |
| Fixed assets | 21/28 | €1,708 | €1,331 | -€377 | -22.1% |
| Tangible fixed assets | 22/27 | €1,708 | €1,331 | -€377 | -22.1% |
| Plant, machinery and equipment | 23 | €1,708 | €1,331 | -€377 | -22.1% |
| Current assets | 29/58 | €73,110 | €51,227 | -€21,883 | -29.9% |
| Amounts receivable within one year | 40/41 | €41,892 | €14,489 | -€27,403 | -65.4% |
| Trade receivables | 40 | €38,199 | €10,970 | -€27,229 | -71.3% |
| Other amounts receivable | 41 | €3,693 | €3,519 | -€174 | -4.7% |
| Cash at bank and in hand | 54/58 | €31,218 | €35,438 | +€4,220 | +13.5% |
| Deferred charges and accrued income | 490/1 | - | €1,300 | +€1,300 | |
| Total equity and liabilities | 10/49 | €74,818 | €52,558 | -€22,260 | -29.8% |
| Equity | 10/15 | €71,978 | €50,998 | -€20,980 | -29.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €53,428 | €32,448 | -€20,980 | -39.3% |
| Distributable reserves | 133 | €53,428 | €32,448 | -€20,980 | -39.3% |
| Amounts payable | 17/49 | €2,840 | €1,560 | -€1,280 | -45.1% |
| Amounts payable within one year | 42/48 | €2,840 | €1,560 | -€1,280 | -45.1% |
| Trade debts | 44 | €474 | €658 | +€184 | +38.8% |
| Suppliers | 440/4 | €474 | €658 | +€184 | +38.8% |
| Taxes, remuneration and social security | 45 | €2,366 | €902 | -€1,464 | -61.9% |
| Taxes | 450/3 | €2,366 | €902 | -€1,464 | -61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,684 | €1,176 | -€508 | -30.2% |
| Gross operating margin | 9900 | €8,490 | -€19,700 | -€28,190 | |
| Operating profit (loss) | 9901 | €6,806 | -€20,876 | -€27,682 | |
| Financial income | 75/76B | €161 | - | -€161 | |
| Recurring financial income | 75 | €161 | - | -€161 | |
| Financial charges | 65/66B | €242 | €103 | -€139 | -57.4% |
| Recurring financial charges | 65 | €242 | €103 | -€139 | -57.4% |
| Profit (loss) for the period before taxes | 9903 | €6,725 | -€20,979 | -€27,704 | |
| Income taxes | 67/77 | €1,110 | - | -€1,110 | |
| Profit (loss) for the period | 9904 | €5,615 | -€20,979 | -€26,594 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,615 | -€20,979 | -€26,594 |
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 30 October 2026 via checked.be.