3VE: 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.
3VE
Largest movements
- Financial fixed assets +€1.5m
up €1.5m (+32.7%), from €4.5m to €6.0m
- Other debts +€1.6m
up €1.6m (+84.3%), from €1.9m to €3.5m
- Debts after one year -€164,638
down €164,638 (-7.5%), from €2.2m to €2.0m
of which Financial debts: -€164,638
- Profit (loss) carried forward +€154,775
up €154,775 (+205%), from €75,553 to €230,328
- Current portion of long-term debt -€143,570
down €143,570 (-46.6%), from €308,208 to €164,638
- Financial income +€100,000
new in 2025: €100,000
- Gross operating margin +€89,085
up €89,085 (+155%), from €57,411 to €146,496
- Financial charges +€31,515
up €31,515 (+81.0%), from €38,923 to €70,438
- Taxes +€15,974
up €15,974 (+389%), from €4,102 to €20,076
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 | €4,543,088 | €6,035,933 | +€1.5m | +32.9% |
| Fixed assets | 21/28 | €4,507,877 | €5,981,773 | +€1.5m | +32.7% |
| Financial fixed assets | 28 | €4,507,877 | €5,981,773 | +€1.5m | +32.7% |
| Current assets | 29/58 | €35,211 | €54,160 | +€18,950 | +53.8% |
| Amounts receivable within one year | 40/41 | €898 | €1,096 | +€197 | +22.0% |
| Other amounts receivable | 41 | €898 | €1,096 | +€197 | +22.0% |
| Cash at bank and in hand | 54/58 | €34,312 | €53,065 | +€18,753 | +54.7% |
| Total equity and liabilities | 10/49 | €4,543,088 | €6,035,933 | +€1.5m | +32.9% |
| Equity | 10/15 | €97,930 | €252,705 | +€154,775 | +158% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,377 | €2,377 | = | 0.0% |
| Distributable reserves | 133 | €2,377 | €2,377 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,553 | €230,328 | +€154,775 | +205% |
| Amounts payable | 17/49 | €4,445,158 | €5,783,228 | +€1.3m | +30.1% |
| Amounts payable after more than one year | 17 | €2,207,612 | €2,042,974 | -€164,638 | -7.5% |
| Financial debts | 170/4 | €957,612 | €792,974 | -€164,638 | -17.2% |
| Other amounts payable | 178/9 | €1,250,000 | €1,250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,191,050 | €3,656,258 | +€1.5m | +66.9% |
| Current portion of amounts payable after more than one year | 42 | €308,208 | €164,638 | -€143,570 | -46.6% |
| Trade debts | 44 | - | €6,459 | +€6,459 | |
| Suppliers | 440/4 | - | €6,459 | +€6,459 | |
| Taxes, remuneration and social security | 45 | - | €14,178 | +€14,178 | |
| Taxes | 450/3 | - | €14,178 | +€14,178 | |
| Other amounts payable | 47/48 | €1,882,842 | €3,470,983 | +€1.6m | +84.3% |
| Accrued charges and deferred income | 492/3 | €46,495 | €83,995 | +€37,500 | +80.7% |
| Remuneration, social security and pensions | 62 | €836 | - | -€836 | |
| Other operating charges | 640/8 | €1,333 | €1,206 | -€127 | -9.5% |
| Gross operating margin | 9900 | €57,411 | €146,496 | +€89,085 | +155% |
| Operating profit (loss) | 9901 | €55,242 | €145,290 | +€90,048 | +163% |
| Financial income | 75/76B | - | €100,000 | +€100,000 | |
| Recurring financial income | 75 | - | €100,000 | +€100,000 | |
| Financial charges | 65/66B | €38,923 | €70,438 | +€31,515 | +81.0% |
| Recurring financial charges | 65 | €38,923 | €70,438 | +€31,515 | +81.0% |
| Profit (loss) for the period before taxes | 9903 | €16,319 | €174,852 | +€158,533 | +971% |
| Income taxes | 67/77 | €4,102 | €20,076 | +€15,974 | +389% |
| Profit (loss) for the period | 9904 | €12,217 | €154,775 | +€142,558 | +1,167% |
| Profit (loss) for the period to be appropriated | 9905 | €12,217 | €154,775 | +€142,558 | +1,167% |
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 16 October 2026 via checked.be.