3TH PARTY: 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.
3TH PARTY
Largest movements
- Receivables within one year -€65,187
down €65,187 (-37.0%), from €176,356 to €111,169
of which Trade receivables: -€67,271
- Cash -€49,821
down €49,821 (-96.1%), from €51,861 to €2,039
mainly Net result for the year (-€101,695) and Other debts (-€11,117)
- Profit (loss) carried forward -€101,695
down €101,695 (-39.7%), from -€256,068 to -€357,762
- Other debts -€11,117
down €11,117 (-5.4%), from €206,958 to €195,841
- Tax, wage and social debts -€4,510
no longer reported in 2025 (was €4,510)
- Financial charges +€69,974
up €69,974 (+267%), from €26,174 to €96,149
of which Non-recurring financial charges: +€94,800
- Staff costs -€9,750
no longer reported in 2025 (was €9,750)
- Gross operating margin -€5,426
down €5,426, from €1,510 to -€3,915
- Depreciation -€2,963
down €2,963 (-75.0%), from €3,950 to €988
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 | €273,429 | €157,433 | -€115,996 | -42.4% |
| Fixed assets | 21/28 | €45,213 | €44,225 | -€988 | -2.2% |
| Tangible fixed assets | 22/27 | €45,213 | €44,225 | -€988 | -2.2% |
| Furniture and vehicles | 24 | €988 | - | -€988 | |
| Assets under construction and advance payments | 27 | €44,225 | €44,225 | = | 0.0% |
| Current assets | 29/58 | €228,216 | €113,208 | -€115,008 | -50.4% |
| Amounts receivable within one year | 40/41 | €176,356 | €111,169 | -€65,187 | -37.0% |
| Trade receivables | 40 | €174,656 | €107,385 | -€67,271 | -38.5% |
| Other amounts receivable | 41 | €1,700 | €3,784 | +€2,084 | +123% |
| Cash at bank and in hand | 54/58 | €51,861 | €2,039 | -€49,821 | -96.1% |
| Total equity and liabilities | 10/49 | €273,429 | €157,433 | -€115,996 | -42.4% |
| Equity | 10/15 | €59,932 | -€41,762 | -€101,695 | |
| Contributions | 10/11 | €310,000 | €310,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€256,068 | -€357,762 | -€101,695 | -39.7% |
| Amounts payable | 17/49 | €213,497 | €199,196 | -€14,301 | -6.7% |
| Amounts payable within one year | 42/48 | €213,497 | €199,196 | -€14,301 | -6.7% |
| Trade debts | 44 | €2,029 | €3,354 | +€1,326 | +65.4% |
| Suppliers | 440/4 | €2,029 | €3,354 | +€1,326 | +65.4% |
| Taxes, remuneration and social security | 45 | €4,510 | - | -€4,510 | |
| Taxes | 450/3 | €4,510 | - | -€4,510 | |
| Other amounts payable | 47/48 | €206,958 | €195,841 | -€11,117 | -5.4% |
| Remuneration, social security and pensions | 62 | €9,750 | - | -€9,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,950 | €988 | -€2,963 | -75.0% |
| Other operating charges | 640/8 | €675 | €647 | -€28 | -4.1% |
| Gross operating margin | 9900 | €1,510 | -€3,915 | -€5,426 | |
| Operating profit (loss) | 9901 | -€12,865 | -€5,550 | +€7,315 | +56.9% |
| Financial income | 75/76B | €6 | €4 | -€2 | -34.7% |
| Recurring financial income | 75 | €6 | €4 | -€2 | -34.7% |
| Financial charges | 65/66B | €26,174 | €96,149 | +€69,974 | +267% |
| Recurring financial charges | 65 | €26,174 | €1,349 | -€24,826 | -94.8% |
| Non-recurring financial charges | 66B | - | €94,800 | +€94,800 | |
| Profit (loss) for the period before taxes | 9903 | -€39,033 | -€101,695 | -€62,662 | -161% |
| Profit (loss) for the period | 9904 | -€39,033 | -€101,695 | -€62,662 | -161% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,033 | -€101,695 | -€62,662 | -161% |
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 20 October 2026 via checked.be.