3W: 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.
3W
Largest movements
- Current investments +€98,720
up €98,720 (+1,523%), from €6,480 to €105,200
- Receivables within one year -€82,164
down €82,164 (-77.6%), from €105,948 to €23,784
of which Other amounts receivable: -€91,494
- Cash +€31,647
up €31,647 (+96.7%), from €32,733 to €64,380
mainly Receivables within one year (+€82,164) and Net result for the year (+€40,879)
- Tangible fixed assets +€3,491
up €3,491 (+26.5%), from €13,152 to €16,644
of which Plant, machinery and equipment: +€6,593
- Reserves +€105,000
up €105,000 (+5,645%), from €1,860 to €106,860
- Profit (loss) carried forward -€64,121
down €64,121 (-54.1%), from €118,625 to €54,505
- Accrued charges and deferred income +€10,000
up €10,000 (+66.7%), from €15,000 to €25,000
- Gross operating margin -€23,635
down €23,635 (-26.9%), from €87,984 to €64,349
- Taxes -€21,615
down €21,615 (-58.9%), from €36,707 to €15,092
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 | €158,614 | €210,308 | +€51,694 | +32.6% |
| Fixed assets | 21/28 | €13,452 | €16,944 | +€3,491 | +26.0% |
| Tangible fixed assets | 22/27 | €13,152 | €16,644 | +€3,491 | +26.5% |
| Plant, machinery and equipment | 23 | €1,035 | €7,628 | +€6,593 | +637% |
| Furniture and vehicles | 24 | €12,117 | €9,016 | -€3,101 | -25.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €145,162 | €193,364 | +€48,202 | +33.2% |
| Amounts receivable within one year | 40/41 | €105,948 | €23,784 | -€82,164 | -77.6% |
| Trade receivables | 40 | €7,003 | €16,333 | +€9,329 | +133% |
| Other amounts receivable | 41 | €98,945 | €7,451 | -€91,494 | -92.5% |
| Current investments | 50/53 | €6,480 | €105,200 | +€98,720 | +1,523% |
| Cash at bank and in hand | 54/58 | €32,733 | €64,380 | +€31,647 | +96.7% |
| Total equity and liabilities | 10/49 | €158,614 | €210,308 | +€51,694 | +32.6% |
| Equity | 10/15 | €126,685 | €167,565 | +€40,879 | +32.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €106,860 | +€105,000 | +5,645% |
| Non-distributable reserves | 130/1 | €1,860 | €106,860 | +€105,000 | +5,645% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | - | €105,000 | +€105,000 | |
| Profit (loss) carried forward | 14 | €118,625 | €54,505 | -€64,121 | -54.1% |
| Amounts payable | 17/49 | €31,929 | €42,743 | +€10,814 | +33.9% |
| Amounts payable within one year | 42/48 | €16,929 | €17,743 | +€814 | +4.8% |
| Trade debts | 44 | €11,425 | €12,277 | +€852 | +7.5% |
| Suppliers | 440/4 | €11,425 | €12,277 | +€852 | +7.5% |
| Taxes, remuneration and social security | 45 | €5,504 | €5,466 | -€37 | -0.7% |
| Taxes | 450/3 | €5,504 | €5,466 | -€37 | -0.7% |
| Accrued charges and deferred income | 492/3 | €15,000 | €25,000 | +€10,000 | +66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,436 | €8,891 | +€455 | +5.4% |
| Other operating charges | 640/8 | €1,214 | €1,175 | -€39 | -3.2% |
| Gross operating margin | 9900 | €87,984 | €64,349 | -€23,635 | -26.9% |
| Operating profit (loss) | 9901 | €78,335 | €54,283 | -€24,052 | -30.7% |
| Financial income | 75/76B | €1,497 | €1,928 | +€430 | +28.7% |
| Recurring financial income | 75 | €1,497 | €1,928 | +€430 | +28.7% |
| Financial charges | 65/66B | €138 | €240 | +€102 | +73.8% |
| Recurring financial charges | 65 | €138 | €240 | +€102 | +73.8% |
| Profit (loss) for the period before taxes | 9903 | €79,694 | €55,971 | -€23,723 | -29.8% |
| Income taxes | 67/77 | €36,707 | €15,092 | -€21,615 | -58.9% |
| Profit (loss) for the period | 9904 | €42,987 | €40,879 | -€2,108 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,987 | €40,879 | -€2,108 | -4.9% |
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 15 October 2026 via checked.be.