3smans: what changed
3smans
Largest movements
- Receivables within one year -€6,501
down €6,501 (-44.3%), from €14,664 to €8,162
of which Trade receivables: -€10,203
- Stocks and contracts +€4,428
new in 2025: €4,428
- Cash +€2,438
up €2,438 (+117%), from €2,087 to €4,525
mainly Trade debts (+€11,593) and Receivables within one year (+€6,501)
- Tangible fixed assets +€578
up €578 (+2.9%), from €19,870 to €20,448
of which Plant, machinery and equipment: +€5,261
- Trade debts +€11,593
up €11,593 (+175%), from €6,615 to €18,208
- Debts after one year -€6,247
down €6,247 (-100%), from €6,247 to €0
- Profit (loss) carried forward -€1,868
down €1,868 (-190%), from -€985 to -€2,853
- Other debts -€1,102
down €1,102 (-8.2%), from €13,490 to €12,388
- Current portion of long-term debt -€869
down €869 (-12.2%), from €7,116 to €6,247
- Gross operating margin -€1,467
down €1,467 (-13.0%), from €11,278 to €9,811
- Other operating charges -€1,192
down €1,192 (-38.4%), from €3,106 to €1,914
- Financial charges +€991
up €991 (+62.7%), from €1,580 to €2,571
- Depreciation -€202
down €202 (-3.1%), from €6,530 to €6,329
- Taxes -€180
down €180 (-17.2%), from €1,047 to €867
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,372 | €38,054 | +€682 | +1.8% |
| Fixed assets | 21/28 | €19,896 | €20,473 | +€578 | +2.9% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -26.7% |
| Tangible fixed assets | 22/27 | €19,870 | €20,448 | +€578 | +2.9% |
| Plant, machinery and equipment | 23 | €288 | €5,550 | +€5,261 | +1,825% |
| Furniture and vehicles | 24 | €19,581 | €14,898 | -€4,684 | -23.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €17,476 | €17,581 | +€105 | +0.6% |
| Stocks and contracts in progress | 3 | - | €4,428 | +€4,428 | |
| Contracts in progress | 37 | - | €4,428 | +€4,428 | |
| Amounts receivable within one year | 40/41 | €14,664 | €8,162 | -€6,501 | -44.3% |
| Trade receivables | 40 | €14,464 | €4,260 | -€10,203 | -70.5% |
| Other amounts receivable | 41 | €200 | €3,902 | +€3,702 | +1,851% |
| Cash at bank and in hand | 54/58 | €2,087 | €4,525 | +€2,438 | +117% |
| Deferred charges and accrued income | 490/1 | €726 | €466 | -€260 | -35.8% |
| Total equity and liabilities | 10/49 | €37,372 | €38,054 | +€682 | +1.8% |
| Equity | 10/15 | €1,015 | -€853 | -€1,868 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€985 | -€2,853 | -€1,868 | -190% |
| Amounts payable | 17/49 | €36,356 | €38,907 | +€2,550 | +7.0% |
| Amounts payable after more than one year | 17 | €6,247 | €0 | -€6,247 | -100% |
| Financial debts | 170/4 | €6,247 | €0 | -€6,247 | -100% |
| Amounts payable within one year | 42/48 | €30,109 | €38,907 | +€8,798 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €7,116 | €6,247 | -€869 | -12.2% |
| Trade debts | 44 | €6,615 | €18,208 | +€11,593 | +175% |
| Suppliers | 440/4 | €6,615 | €18,208 | +€11,593 | +175% |
| Taxes, remuneration and social security | 45 | €2,888 | €2,064 | -€824 | -28.5% |
| Taxes | 450/3 | €2,888 | €2,064 | -€824 | -28.5% |
| Other amounts payable | 47/48 | €13,490 | €12,388 | -€1,102 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,530 | €6,329 | -€202 | -3.1% |
| Other operating charges | 640/8 | €3,106 | €1,914 | -€1,192 | -38.4% |
| Gross operating margin | 9900 | €11,278 | €9,811 | -€1,467 | -13.0% |
| Operating profit (loss) | 9901 | €1,642 | €1,569 | -€73 | -4.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,580 | €2,571 | +€991 | +62.7% |
| Recurring financial charges | 65 | €1,580 | €2,571 | +€991 | +62.7% |
| Profit (loss) for the period before taxes | 9903 | €62 | -€1,001 | -€1,063 | |
| Income taxes | 67/77 | €1,047 | €867 | -€180 | -17.2% |
| Profit (loss) for the period | 9904 | -€985 | -€1,868 | -€883 | -89.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€985 | -€1,868 | -€883 | -89.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.