3S MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€103,329
up €103,329 (+106.0%), from €97,503 to €200,832
mainly Net result for the year (+€84,880) and Depreciation (+€47,237)
- Tangible fixed assets -€47,237
down €47,237 (-15.2%), from €309,826 to €262,589
of which Land and buildings: -€23,764
- Profit (loss) carried forward +€84,880
up €84,880 (+95.7%), from €88,684 to €173,563
- Financial charges +€5,346
up €5,346 (+53.1%), from €10,067 to €15,413
- Gross operating margin +€4,247
up €4,247 (+2.4%), from €175,280 to €179,527
- Other operating charges +€3,997
up €3,997 (+72.5%), from €5,511 to €9,507
- Financial income +€3,455
up €3,455 (+88.5%), from €3,904 to €7,358
- Taxes +€1,993
up €1,993 (+7.2%), from €27,855 to €29,848
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 | €3,476,570 | €3,505,091 | +€28,521 | +0.8% |
| Fixed assets | 21/28 | €3,208,076 | €3,175,839 | -€32,237 | -1.0% |
| Tangible fixed assets | 22/27 | €309,826 | €262,589 | -€47,237 | -15.2% |
| Land and buildings | 22 | €216,119 | €192,356 | -€23,764 | -11.0% |
| Furniture and vehicles | 24 | €44,326 | €27,085 | -€17,241 | -38.9% |
| Other tangible fixed assets | 26 | €49,381 | €43,148 | -€6,233 | -12.6% |
| Financial fixed assets | 28 | €2,898,250 | €2,913,250 | +€15,000 | +0.5% |
| Current assets | 29/58 | €268,494 | €329,253 | +€60,759 | +22.6% |
| Amounts receivable after more than one year | 29 | €125,906 | €116,975 | -€8,931 | -7.1% |
| Other amounts receivable | 291 | €125,906 | €116,975 | -€8,931 | -7.1% |
| Amounts receivable within one year | 40/41 | €15,952 | €8,931 | -€7,021 | -44.0% |
| Other amounts receivable | 41 | €15,952 | €8,931 | -€7,021 | -44.0% |
| Current investments | 50/53 | €27,623 | - | -€27,623 | |
| Cash at bank and in hand | 54/58 | €97,503 | €200,832 | +€103,329 | +106.0% |
| Deferred charges and accrued income | 490/1 | €1,511 | €2,515 | +€1,004 | +66.5% |
| Total equity and liabilities | 10/49 | €3,476,570 | €3,505,091 | +€28,521 | +0.8% |
| Equity | 10/15 | €3,160,273 | €3,233,152 | +€72,880 | +2.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,059,189 | €3,047,189 | -€12,000 | -0.4% |
| Distributable reserves | 133 | €3,059,189 | €3,047,189 | -€12,000 | -0.4% |
| Profit (loss) carried forward | 14 | €88,684 | €173,563 | +€84,880 | +95.7% |
| Amounts payable | 17/49 | €316,298 | €271,939 | -€44,358 | -14.0% |
| Amounts payable after more than one year | 17 | €235,051 | €217,291 | -€17,760 | -7.6% |
| Financial debts | 170/4 | €235,051 | €217,291 | -€17,760 | -7.6% |
| Amounts payable within one year | 42/48 | €81,181 | €54,582 | -€26,600 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €52,657 | €17,760 | -€34,898 | -66.3% |
| Trade debts | 44 | €2,168 | €3,290 | +€1,122 | +51.7% |
| Suppliers | 440/4 | €2,168 | €3,290 | +€1,122 | +51.7% |
| Taxes, remuneration and social security | 45 | €5,328 | €13,378 | +€8,050 | +151.1% |
| Taxes | 450/3 | €5,328 | €13,378 | +€8,050 | +151.1% |
| Other amounts payable | 47/48 | €21,028 | €20,154 | -€874 | -4.2% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Non-recurring operating income | 76A | €727 | - | -€727 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,066 | €47,237 | +€171 | +0.4% |
| Other operating charges | 640/8 | €5,511 | €9,507 | +€3,997 | +72.5% |
| Gross operating margin | 9900 | €175,280 | €179,527 | +€4,247 | +2.4% |
| Operating profit (loss) | 9901 | €122,702 | €122,782 | +€80 | +0.1% |
| Financial income | 75/76B | €3,904 | €7,358 | +€3,455 | +88.5% |
| Recurring financial income | 75 | €3,904 | €7,358 | +€3,455 | +88.5% |
| Financial charges | 65/66B | €10,067 | €15,413 | +€5,346 | +53.1% |
| Recurring financial charges | 65 | €10,067 | €15,413 | +€5,346 | +53.1% |
| Profit (loss) for the period before taxes | 9903 | €116,539 | €114,727 | -€1,811 | -1.6% |
| Income taxes | 67/77 | €27,855 | €29,848 | +€1,993 | +7.2% |
| Profit (loss) for the period | 9904 | €88,684 | €84,880 | -€3,804 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €88,684 | €84,880 | -€3,804 | -4.3% |
Source: filed annual accounts (NBB), fiscal years ended 15 October 2024 and 15 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.