A3-construct: 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.
A3-construct
Largest movements
- Receivables within one year -€7,084
down €7,084 (-67.8%), from €10,450 to €3,366
of which Trade receivables: -€7,084
- Tangible fixed assets -€3,312
down €3,312 (-1.3%), from €259,766 to €256,454
of which Plant, machinery and equipment: -€4,170
- Stocks and contracts +€2,901
up €2,901 (+29.1%), from €9,985 to €12,886
- Debts after one year +€49,596
up €49,596 (+47.2%), from €104,990 to €154,586
- Other debts -€20,643
down €20,643 (-86.7%), from €23,807 to €3,164
- Profit (loss) carried forward -€17,119
down €17,119, from €11,724 to -€5,395
- Short-term financial debts -€14,923
down €14,923 (-44.0%), from €33,908 to €18,985
- Trade debts -€4,247
down €4,247 (-6.1%), from €69,758 to €65,511
- Other operating charges -€6,657
down €6,657 (-81.4%), from €8,174 to €1,517
- Gross operating margin -€6,434
down €6,434 (-54.9%), from €11,715 to €5,281
- Depreciation -€4,986
down €4,986 (-28.3%), from €17,621 to €12,635
- Financial charges -€2,047
down €2,047 (-19.5%), from €10,477 to €8,430
- Taxes -€1,283
down €1,283 (-74.0%), from €1,734 to €451
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 | €287,000 | €283,941 | -€3,059 | -1.1% |
| Fixed assets | 21/28 | €265,952 | €262,890 | -€3,062 | -1.2% |
| Tangible fixed assets | 22/27 | €259,766 | €256,454 | -€3,312 | -1.3% |
| Plant, machinery and equipment | 23 | €138,102 | €133,932 | -€4,170 | -3.0% |
| Furniture and vehicles | 24 | €121,664 | €122,522 | +€858 | +0.7% |
| Financial fixed assets | 28 | €6,186 | €6,436 | +€250 | +4.0% |
| Current assets | 29/58 | €21,048 | €21,051 | +€3 | 0.0% |
| Stocks and contracts in progress | 3 | €9,985 | €12,886 | +€2,901 | +29.1% |
| Stocks | 30/36 | €9,985 | €12,886 | +€2,901 | +29.1% |
| Amounts receivable within one year | 40/41 | €10,450 | €3,366 | -€7,084 | -67.8% |
| Trade receivables | 40 | €10,423 | €3,339 | -€7,084 | -68.0% |
| Other amounts receivable | 41 | €27 | €27 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €613 | €2,321 | +€1,708 | +279% |
| Deferred charges and accrued income | 490/1 | - | €2,478 | +€2,478 | |
| Total equity and liabilities | 10/49 | €287,000 | €283,941 | -€3,059 | -1.1% |
| Equity | 10/15 | €19,784 | €2,665 | -€17,119 | -86.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,724 | -€5,395 | -€17,119 | |
| Amounts payable | 17/49 | €267,216 | €281,276 | +€14,060 | +5.3% |
| Amounts payable after more than one year | 17 | €104,990 | €154,586 | +€49,596 | +47.2% |
| Financial debts | 170/4 | €104,990 | €154,586 | +€49,596 | +47.2% |
| Amounts payable within one year | 42/48 | €162,226 | €124,777 | -€37,449 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €30,675 | €29,545 | -€1,130 | -3.7% |
| Financial debts | 43 | €33,908 | €18,985 | -€14,923 | -44.0% |
| Credit institutions | 430/8 | €33,908 | €18,985 | -€14,923 | -44.0% |
| Trade debts | 44 | €69,758 | €65,511 | -€4,247 | -6.1% |
| Suppliers | 440/4 | €69,758 | €65,511 | -€4,247 | -6.1% |
| Taxes, remuneration and social security | 45 | €4,078 | €7,572 | +€3,494 | +85.7% |
| Taxes | 450/3 | €4,078 | €7,572 | +€3,494 | +85.7% |
| Other amounts payable | 47/48 | €23,807 | €3,164 | -€20,643 | -86.7% |
| Accrued charges and deferred income | 492/3 | - | €1,913 | +€1,913 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,621 | €12,635 | -€4,986 | -28.3% |
| Other operating charges | 640/8 | €8,174 | €1,517 | -€6,657 | -81.4% |
| Gross operating margin | 9900 | €11,715 | €5,281 | -€6,434 | -54.9% |
| Operating profit (loss) | 9901 | -€14,080 | -€8,871 | +€5,209 | +37.0% |
| Financial income | 75/76B | - | €633 | +€633 | |
| Recurring financial income | 75 | - | €633 | +€633 | |
| Financial charges | 65/66B | €10,477 | €8,430 | -€2,047 | -19.5% |
| Recurring financial charges | 65 | €10,477 | €8,430 | -€2,047 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,557 | -€16,668 | +€7,889 | +32.1% |
| Income taxes | 67/77 | €1,734 | €451 | -€1,283 | -74.0% |
| Profit (loss) for the period | 9904 | -€26,291 | -€17,119 | +€9,172 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,291 | -€17,119 | +€9,172 | +34.9% |
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 21 October 2026 via checked.be.