3VS: 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.
3VS
Largest movements
- Cash +€18,321
up €18,321 (+43.5%), from €42,112 to €60,434
mainly Net result for the year (+€31,612) and Depreciation (+€8,023)
- Receivables within one year +€6,314
up €6,314 (+36.0%), from €17,564 to €23,878
of which Trade receivables: +€3,995
- Tangible fixed assets -€3,998
down €3,998 (-6.2%), from €64,552 to €60,555
of which Land and buildings: -€3,433
- Stocks and contracts +€2,171
up €2,171 (+28.5%), from €7,626 to €9,796
- Reserves +€31,612
up €31,612 (+33.9%), from €93,166 to €124,778
- Tax, wage and social debts -€11,155
down €11,155 (-82.3%), from €13,549 to €2,394
- Trade debts +€2,354
up €2,354 (+22.9%), from €10,284 to €12,638
- Gross operating margin +€2,802
up €2,802 (+1.9%), from €147,511 to €150,314
- Staff costs +€2,463
up €2,463 (+2.6%), from €95,132 to €97,595
- Depreciation +€1,681
up €1,681 (+26.5%), from €6,342 to €8,023
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 | €131,998 | €154,810 | +€22,812 | +17.3% |
| Fixed assets | 21/28 | €64,590 | €60,593 | -€3,998 | -6.2% |
| Tangible fixed assets | 22/27 | €64,552 | €60,555 | -€3,998 | -6.2% |
| Land and buildings | 22 | €61,147 | €57,714 | -€3,433 | -5.6% |
| Plant, machinery and equipment | 23 | €3,251 | €2,796 | -€455 | -14.0% |
| Furniture and vehicles | 24 | €154 | €44 | -€110 | -71.4% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €67,408 | €94,217 | +€26,810 | +39.8% |
| Stocks and contracts in progress | 3 | €7,626 | €9,796 | +€2,171 | +28.5% |
| Stocks | 30/36 | €7,626 | €9,796 | +€2,171 | +28.5% |
| Amounts receivable within one year | 40/41 | €17,564 | €23,878 | +€6,314 | +36.0% |
| Trade receivables | 40 | €14,355 | €18,350 | +€3,995 | +27.8% |
| Other amounts receivable | 41 | €3,209 | €5,528 | +€2,320 | +72.3% |
| Cash at bank and in hand | 54/58 | €42,112 | €60,434 | +€18,321 | +43.5% |
| Deferred charges and accrued income | 490/1 | €106 | €109 | +€3 | +3.1% |
| Total equity and liabilities | 10/49 | €131,998 | €154,810 | +€22,812 | +17.3% |
| Equity | 10/15 | €108,166 | €139,778 | +€31,612 | +29.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €93,166 | €124,778 | +€31,612 | +33.9% |
| Distributable reserves | 133 | €93,166 | €124,778 | +€31,612 | +33.9% |
| Amounts payable | 17/49 | €23,832 | €15,032 | -€8,801 | -36.9% |
| Amounts payable within one year | 42/48 | €23,832 | €15,032 | -€8,801 | -36.9% |
| Trade debts | 44 | €10,284 | €12,638 | +€2,354 | +22.9% |
| Suppliers | 440/4 | €10,284 | €12,638 | +€2,354 | +22.9% |
| Taxes, remuneration and social security | 45 | €13,549 | €2,394 | -€11,155 | -82.3% |
| Taxes | 450/3 | €13,549 | €2,394 | -€11,155 | -82.3% |
| Remuneration, social security and pensions | 62 | €95,132 | €97,595 | +€2,463 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,342 | €8,023 | +€1,681 | +26.5% |
| Other operating charges | 640/8 | €1,514 | €1,560 | +€46 | +3.1% |
| Non-recurring operating charges | 66A | - | €2,000 | +€2,000 | |
| Gross operating margin | 9900 | €147,511 | €150,314 | +€2,802 | +1.9% |
| Operating profit (loss) | 9901 | €44,524 | €41,137 | -€3,387 | -7.6% |
| Financial income | 75/76B | €31 | €170 | +€138 | +443.8% |
| Recurring financial income | 75 | €31 | €170 | +€138 | +443.8% |
| Financial charges | 65/66B | €2,002 | €1,601 | -€401 | -20.0% |
| Recurring financial charges | 65 | €2,002 | €1,601 | -€401 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €42,553 | €39,705 | -€2,848 | -6.7% |
| Income taxes | 67/77 | €8,656 | €8,093 | -€563 | -6.5% |
| Profit (loss) for the period | 9904 | €33,898 | €31,612 | -€2,285 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,898 | €31,612 | -€2,285 | -6.7% |
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 6 October 2026 via checked.be.