3W&D INTERNATIONAL: what changed
3W&D INTERNATIONAL
Largest movements
- Receivables within one year -€56,541
down €56,541 (-46.2%), from €122,494 to €65,953
of which Trade receivables: -€56,629
- Cash -€16,201
down €16,201 (-4.9%), from €328,738 to €312,537
mainly Trade debts (-€46,464) and Debts after one year (-€36,000)
- Trade debts -€46,464
down €46,464 (-94.6%), from €49,123 to €2,659
- Debts after one year -€36,000
down €36,000 (-17.6%), from €205,000 to €169,000
- Reserves +€16,162
up €16,162 (+19.3%), from €83,761 to €99,924
- Tax, wage and social debts -€12,149
down €12,149 (-16.0%), from €75,788 to €63,639
- Other debts +€7,746
up €7,746 (+38.9%), from €19,900 to €27,645
- Depreciation -€9,319
down €9,319 (-90.4%), from €10,312 to €993
- Gross operating margin +€8,117
up €8,117 (+22.5%), from €36,142 to €44,259
- Taxes +€6,657
up €6,657 (+168%), from €3,964 to €10,621
- Financial charges -€2,867
down €2,867 (-15.4%), from €18,634 to €15,767
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 | €504,267 | €433,562 | -€70,705 | -14.0% |
| Fixed assets | 21/28 | €51,399 | €53,215 | +€1,816 | +3.5% |
| Tangible fixed assets | 22/27 | €494 | €2,093 | +€1,600 | +324% |
| Furniture and vehicles | 24 | €494 | €2,093 | +€1,600 | +324% |
| Financial fixed assets | 28 | €50,905 | €51,121 | +€216 | +0.4% |
| Current assets | 29/58 | €452,868 | €380,347 | -€72,521 | -16.0% |
| Amounts receivable within one year | 40/41 | €122,494 | €65,953 | -€56,541 | -46.2% |
| Trade receivables | 40 | €122,494 | €65,865 | -€56,629 | -46.2% |
| Other amounts receivable | 41 | - | €88 | +€88 | |
| Cash at bank and in hand | 54/58 | €328,738 | €312,537 | -€16,201 | -4.9% |
| Deferred charges and accrued income | 490/1 | €1,636 | €1,857 | +€221 | +13.5% |
| Total equity and liabilities | 10/49 | €504,267 | €433,562 | -€70,705 | -14.0% |
| Equity | 10/15 | €154,456 | €170,619 | +€16,162 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,761 | €99,924 | +€16,162 | +19.3% |
| Distributable reserves | 133 | €83,761 | €99,924 | +€16,162 | +19.3% |
| Profit (loss) carried forward | 14 | €52,095 | €52,095 | = | 0.0% |
| Amounts payable | 17/49 | €349,811 | €262,943 | -€86,868 | -24.8% |
| Amounts payable after more than one year | 17 | €205,000 | €169,000 | -€36,000 | -17.6% |
| Other amounts payable | 178/9 | €205,000 | €169,000 | -€36,000 | -17.6% |
| Amounts payable within one year | 42/48 | €144,811 | €93,943 | -€50,868 | -35.1% |
| Trade debts | 44 | €49,123 | €2,659 | -€46,464 | -94.6% |
| Suppliers | 440/4 | €49,123 | €2,659 | -€46,464 | -94.6% |
| Taxes, remuneration and social security | 45 | €75,788 | €63,639 | -€12,149 | -16.0% |
| Taxes | 450/3 | €75,788 | €63,639 | -€12,149 | -16.0% |
| Other amounts payable | 47/48 | €19,900 | €27,645 | +€7,746 | +38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,312 | €993 | -€9,319 | -90.4% |
| Other operating charges | 640/8 | €1,160 | €1,115 | -€45 | -3.8% |
| Gross operating margin | 9900 | €36,142 | €44,259 | +€8,117 | +22.5% |
| Operating profit (loss) | 9901 | €24,670 | €42,151 | +€17,480 | +70.9% |
| Financial income | 75/76B | €380 | €400 | +€20 | +5.2% |
| Recurring financial income | 75 | €380 | €400 | +€20 | +5.2% |
| Financial charges | 65/66B | €18,634 | €15,767 | -€2,867 | -15.4% |
| Recurring financial charges | 65 | €18,634 | €15,767 | -€2,867 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €6,416 | €26,783 | +€20,368 | +317% |
| Income taxes | 67/77 | €3,964 | €10,621 | +€6,657 | +168% |
| Profit (loss) for the period | 9904 | €2,452 | €16,162 | +€13,710 | +559% |
| Profit (loss) for the period to be appropriated | 9905 | €2,452 | €16,162 | +€13,710 | +559% |
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 2 November 2026 via checked.be.