A3M Investment: 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.
A3M Investment
Largest movements
- Financial fixed assets -€50,274
down €50,274 (-27.5%), from €182,958 to €132,684
- Profit (loss) carried forward -€63,031
down €63,031 (-6.2%), from €1.0m to €950,545
- Gross operating margin -€64,859
down €64,859, from €53,063 to -€11,797
- Financial charges +€50,342
up €50,342 (+34,948%), from €144 to €50,486
of which Non-recurring financial charges: +€50,274
- Financial income -€1,529
down €1,529 (-77.2%), from €1,980 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 | €3,392,896 | €3,329,961 | -€62,935 | -1.9% |
| Fixed assets | 21/28 | €182,958 | €132,684 | -€50,274 | -27.5% |
| Financial fixed assets | 28 | €182,958 | €132,684 | -€50,274 | -27.5% |
| Current assets | 29/58 | €3,209,938 | €3,197,277 | -€12,661 | -0.4% |
| Amounts receivable within one year | 40/41 | €3,187,848 | €3,194,939 | +€7,091 | +0.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,187,848 | €3,194,939 | +€7,091 | +0.2% |
| Cash at bank and in hand | 54/58 | €22,090 | €2,338 | -€19,752 | -89.4% |
| Total equity and liabilities | 10/49 | €3,392,896 | €3,329,961 | -€62,935 | -1.9% |
| Equity | 10/15 | €2,963,576 | €2,900,545 | -€63,031 | -2.1% |
| Contributions | 10/11 | €1,950,000 | €1,950,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,013,576 | €950,545 | -€63,031 | -6.2% |
| Amounts payable | 17/49 | €429,320 | €429,416 | +€96 | 0.0% |
| Amounts payable within one year | 42/48 | €420,208 | €420,304 | +€96 | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,360 | €1,328 | -€31 | -2.3% |
| Suppliers | 440/4 | €1,360 | €1,328 | -€31 | -2.3% |
| Taxes, remuneration and social security | 45 | €287 | €413 | +€127 | +44.2% |
| Taxes | 450/3 | €287 | €413 | +€127 | +44.2% |
| Other amounts payable | 47/48 | €418,562 | €418,562 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,112 | €9,112 | = | 0.0% |
| Other operating charges | 640/8 | €1,055 | €1,198 | +€143 | +13.6% |
| Gross operating margin | 9900 | €53,063 | -€11,797 | -€64,859 | |
| Operating profit (loss) | 9901 | €52,007 | -€12,995 | -€65,002 | |
| Financial income | 75/76B | €1,980 | €451 | -€1,529 | -77.2% |
| Recurring financial income | 75 | €1,980 | €451 | -€1,529 | -77.2% |
| Financial charges | 65/66B | €144 | €50,486 | +€50,342 | +34,948% |
| Recurring financial charges | 65 | €144 | €212 | +€68 | +47.5% |
| Non-recurring financial charges | 66B | - | €50,274 | +€50,274 | |
| Profit (loss) for the period before taxes | 9903 | €53,843 | -€63,031 | -€116,874 | |
| Profit (loss) for the period | 9904 | €53,843 | -€63,031 | -€116,874 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,843 | -€63,031 | -€116,874 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.