A3 Projects: 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.
A3 Projects
Largest movements
- Cash -€35,364
down €35,364 (-16.0%), from €221,331 to €185,968
mainly Contributions, distributions and other (-€100,541) and Other debts (-€20,920)
- Other debts -€20,920
down €20,920 (-17.3%), from €121,266 to €100,346
- Profit (loss) carried forward -€8,868
down €8,868 (-10.9%), from €80,994 to €72,126
- Tax, wage and social debts -€3,867
down €3,867 (-37.0%), from €10,446 to €6,579
- Gross operating margin -€76,619
down €76,619 (-38.3%), from €199,979 to €123,360
- Taxes -€19,872
down €19,872 (-39.4%), from €50,439 to €30,567
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 | €222,561 | €189,146 | -€33,415 | -15.0% |
| Fixed assets | 21/28 | €600 | €1,828 | +€1,228 | +204.7% |
| Tangible fixed assets | 22/27 | €600 | €1,828 | +€1,228 | +204.7% |
| Furniture and vehicles | 24 | €600 | €1,828 | +€1,228 | +204.7% |
| Current assets | 29/58 | €221,961 | €187,318 | -€34,643 | -15.6% |
| Amounts receivable within one year | 40/41 | €629 | €1,350 | +€721 | +114.5% |
| Other amounts receivable | 41 | €629 | €1,350 | +€721 | +114.5% |
| Cash at bank and in hand | 54/58 | €221,331 | €185,968 | -€35,364 | -16.0% |
| Total equity and liabilities | 10/49 | €222,561 | €189,146 | -€33,415 | -15.0% |
| Equity | 10/15 | €90,849 | €81,981 | -€8,868 | -9.8% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,994 | €72,126 | -€8,868 | -10.9% |
| Amounts payable | 17/49 | €131,712 | €107,165 | -€24,547 | -18.6% |
| Amounts payable within one year | 42/48 | €131,712 | €107,165 | -€24,547 | -18.6% |
| Trade debts | 44 | - | €240 | +€240 | |
| Suppliers | 440/4 | - | €240 | +€240 | |
| Taxes, remuneration and social security | 45 | €10,446 | €6,579 | -€3,867 | -37.0% |
| Taxes | 450/3 | €10,446 | €6,579 | -€3,867 | -37.0% |
| Other amounts payable | 47/48 | €121,266 | €100,346 | -€20,920 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €559 | €1,246 | +€687 | +123.1% |
| Other operating charges | 640/8 | €400 | €200 | -€200 | -50.0% |
| Gross operating margin | 9900 | €199,979 | €123,360 | -€76,619 | -38.3% |
| Operating profit (loss) | 9901 | €199,020 | €121,914 | -€77,106 | -38.7% |
| Financial income | 75/76B | €2,652 | €679 | -€1,973 | -74.4% |
| Recurring financial income | 75 | €2,652 | €679 | -€1,973 | -74.4% |
| Financial charges | 65/66B | €328 | €353 | +€25 | +7.7% |
| Recurring financial charges | 65 | €328 | €353 | +€25 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €201,345 | €122,240 | -€79,105 | -39.3% |
| Income taxes | 67/77 | €50,439 | €30,567 | -€19,872 | -39.4% |
| Profit (loss) for the period | 9904 | €150,905 | €91,673 | -€59,232 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €150,905 | €91,673 | -€59,232 | -39.3% |
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 29 September 2026 via checked.be.