3SEN: 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.
3SEN
Largest movements
- Cash +€250,675
up €250,675 (+229.9%), from €109,019 to €359,694
mainly Current investments (+€220,500) and Net result for the year (+€32,004)
- Current investments -€220,500
down €220,500 (-40.1%), from €550,000 to €329,500
- Receivables within one year -€17,590
down €17,590 (-70.5%), from €24,933 to €7,344
of which Trade receivables: -€24,933
- Reserves +€30,338
up €30,338 (+5.0%), from €607,124 to €637,461
- Tax, wage and social debts -€19,751
down €19,751 (-97.0%), from €20,365 to €614
- Gross operating margin -€66,133
down €66,133 (-63.6%), from €103,983 to €37,849
- Taxes -€20,273
down €20,273 (-53.8%), from €37,691 to €17,419
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 | €691,131 | €702,936 | +€11,805 | +1.7% |
| Fixed assets | 21/28 | €5,492 | €4,497 | -€995 | -18.1% |
| Tangible fixed assets | 22/27 | €5,492 | €4,497 | -€995 | -18.1% |
| Plant, machinery and equipment | 23 | €1,918 | €2,032 | +€114 | +5.9% |
| Furniture and vehicles | 24 | €3,575 | €2,465 | -€1,109 | -31.0% |
| Current assets | 29/58 | €685,638 | €698,438 | +€12,800 | +1.9% |
| Amounts receivable within one year | 40/41 | €24,933 | €7,344 | -€17,590 | -70.5% |
| Trade receivables | 40 | €24,933 | - | -€24,933 | |
| Other amounts receivable | 41 | - | €7,344 | +€7,344 | |
| Current investments | 50/53 | €550,000 | €329,500 | -€220,500 | -40.1% |
| Cash at bank and in hand | 54/58 | €109,019 | €359,694 | +€250,675 | +229.9% |
| Deferred charges and accrued income | 490/1 | €1,686 | €1,901 | +€214 | +12.7% |
| Total equity and liabilities | 10/49 | €691,131 | €702,936 | +€11,805 | +1.7% |
| Equity | 10/15 | €667,124 | €697,461 | +€30,338 | +4.5% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €607,124 | €637,461 | +€30,338 | +5.0% |
| Distributable reserves | 133 | €607,124 | €637,461 | +€30,338 | +5.0% |
| Amounts payable | 17/49 | €24,007 | €5,474 | -€18,533 | -77.2% |
| Amounts payable within one year | 42/48 | €24,007 | €5,474 | -€18,533 | -77.2% |
| Trade debts | 44 | €191 | €1,390 | +€1,199 | +627.2% |
| Suppliers | 440/4 | €191 | €1,390 | +€1,199 | +627.2% |
| Taxes, remuneration and social security | 45 | €20,365 | €614 | -€19,751 | -97.0% |
| Taxes | 450/3 | €20,365 | €614 | -€19,751 | -97.0% |
| Other amounts payable | 47/48 | €3,451 | €3,470 | +€19 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,407 | €2,003 | +€595 | +42.3% |
| Other operating charges | 640/8 | €920 | €941 | +€21 | +2.3% |
| Gross operating margin | 9900 | €103,983 | €37,849 | -€66,133 | -63.6% |
| Operating profit (loss) | 9901 | €101,655 | €34,906 | -€66,750 | -65.7% |
| Financial income | 75/76B | €14,483 | €14,743 | +€260 | +1.8% |
| Recurring financial income | 75 | €14,483 | €14,743 | +€260 | +1.8% |
| Financial charges | 65/66B | €324 | €226 | -€97 | -30.1% |
| Recurring financial charges | 65 | €324 | €226 | -€97 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €115,815 | €49,422 | -€66,393 | -57.3% |
| Income taxes | 67/77 | €37,691 | €17,419 | -€20,273 | -53.8% |
| Profit (loss) for the period | 9904 | €78,124 | €32,004 | -€46,120 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,124 | €32,004 | -€46,120 | -59.0% |
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 4 October 2026 via checked.be.