3SAG: 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.
3SAG
Largest movements
- Stocks and contracts -€500,952
down €500,952 (-31.1%), from €1.6m to €1.1m
- Receivables within one year -€313,152
down €313,152 (-43.1%), from €726,141 to €412,989
of which Other amounts receivable: -€204,270
- Cash -€188,796
down €188,796 (-96.2%), from €196,350 to €7,553
mainly Other debts (-€700,000) and Contributions, distributions and other (-€300,000)
- Current investments +€100,000
up €100,000 (+20.0%), from €500,000 to €600,000
- Other debts -€700,000
down €700,000 (-70.0%), from €1.0m to €300,000
- Trade debts -€180,782
down €180,782 (-17.7%), from €1.0m to €841,548
- Profit (loss) carried forward -€33,093
down €33,093 (-32.5%), from €101,934 to €68,840
- Turnover -€3.2m
down €3.2m (-80.1%), from €4.0m to €801,750
- Gross operating margin -€953,695
down €953,695 (-73.4%), from €1.3m to €345,053
- Taxes -€265,948
down €265,948 (-74.6%), from €356,551 to €90,604
- Purchases and services -€225,124
down €225,124 (-100.0%), from €225,124 to €0
- Financial income -€133,851
down €133,851 (-91.2%), from €146,734 to €12,882
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 | €3,138,859 | €2,249,109 | -€889,750 | -28.3% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €3,138,859 | €2,249,109 | -€889,750 | -28.3% |
| Stocks and contracts in progress | 3 | €1,608,972 | €1,108,020 | -€500,952 | -31.1% |
| Stocks | 30/36 | €1,608,972 | €1,108,020 | -€500,952 | -31.1% |
| Amounts receivable within one year | 40/41 | €726,141 | €412,989 | -€313,152 | -43.1% |
| Trade receivables | 40 | €121,872 | €12,989 | -€108,883 | -89.3% |
| Other amounts receivable | 41 | €604,270 | €400,000 | -€204,270 | -33.8% |
| Current investments | 50/53 | €500,000 | €600,000 | +€100,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €196,350 | €7,553 | -€188,796 | -96.2% |
| Deferred charges and accrued income | 490/1 | €107,396 | €120,547 | +€13,151 | +12.2% |
| Total equity and liabilities | 10/49 | €3,138,859 | €2,249,109 | -€889,750 | -28.3% |
| Equity | 10/15 | €1,091,934 | €1,058,840 | -€33,093 | -3.0% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Capital | 10 | €900,000 | €900,000 | = | 0.0% |
| Issued capital | 100 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €90,000 | €90,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €90,000 | €90,000 | = | 0.0% |
| Legal reserve | 130 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,934 | €68,840 | -€33,093 | -32.5% |
| Amounts payable | 17/49 | €2,046,925 | €1,190,269 | -€856,657 | -41.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,046,775 | €1,190,155 | -€856,620 | -41.9% |
| Trade debts | 44 | €1,022,330 | €841,548 | -€180,782 | -17.7% |
| Suppliers | 440/4 | €1,022,330 | €841,548 | -€180,782 | -17.7% |
| Taxes, remuneration and social security | 45 | €24,445 | €48,607 | +€24,162 | +98.8% |
| Taxes | 450/3 | €24,445 | €48,607 | +€24,162 | +98.8% |
| Other amounts payable | 47/48 | €1,000,000 | €300,000 | -€700,000 | -70.0% |
| Accrued charges and deferred income | 492/3 | €150 | €114 | -€36 | -24.3% |
| Turnover | 70 | €4,024,576 | €801,750 | -€3.2m | -80.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €225,124 | €0 | -€225,124 | -100.0% |
| Other operating charges | 640/8 | €18,545 | €0 | -€18,545 | -100.0% |
| Gross operating margin | 9900 | €1,298,749 | €345,053 | -€953,695 | -73.4% |
| Operating profit (loss) | 9901 | €1,280,203 | €345,053 | -€935,150 | -73.0% |
| Financial income | 75/76B | €146,734 | €12,882 | -€133,851 | -91.2% |
| Recurring financial income | 75 | €146,734 | €12,882 | -€133,851 | -91.2% |
| Financial charges | 65/66B | €373 | €425 | +€52 | +13.8% |
| Recurring financial charges | 65 | €373 | €425 | +€52 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €1,426,563 | €357,511 | -€1.1m | -74.9% |
| Income taxes | 67/77 | €356,551 | €90,604 | -€265,948 | -74.6% |
| Profit (loss) for the period | 9904 | €1,070,012 | €266,907 | -€803,105 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,070,012 | €266,907 | -€803,105 | -75.1% |
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 10 October 2026 via checked.be.