AC3: 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.
AC3
Largest movements
- Tangible fixed assets +€31,246
up €31,246 (+1,512%), from €2,066 to €33,313
of which Furniture and vehicles: +€31,201
- Cash +€26,292
up €26,292 (+57.9%), from €45,387 to €71,679
mainly Net result for the year (+€48,368) and Other debts (+€17,057)
- Profit (loss) carried forward +€48,368
up €48,368 (+85.0%), from €56,919 to €105,287
- Debts after one year -€29,233
down €29,233 (-73.1%), from €40,000 to €10,767
of which Other amounts payable: -€40,000
- Other debts +€17,057
up €17,057 (+1,022%), from €1,668 to €18,725
- Tax, wage and social debts +€14,764
up €14,764 (+52.9%), from €27,885 to €42,648
of which Taxes: +€13,753
- Current portion of long-term debt +€6,556
new in 2025: €6,556
- Gross operating margin -€20,077
down €20,077 (-25.8%), from €77,781 to €57,704
- Financial income +€10,000
up €10,000 (+24,999,975%), from €0 to €10,000
- Taxes -€5,696
down €5,696 (-28.8%), from €19,763 to €14,067
- Depreciation +€2,781
up €2,781 (+433%), from €642 to €3,423
- Other operating charges +€788
up €788 (+228%), from €345 to €1,133
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 | €131,745 | €188,983 | +€57,238 | +43.4% |
| Formation expenses | 20 | €1,122 | €996 | -€125 | -11.2% |
| Fixed assets | 21/28 | €72,066 | €103,313 | +€31,246 | +43.4% |
| Tangible fixed assets | 22/27 | €2,066 | €33,313 | +€31,246 | +1,512% |
| Plant, machinery and equipment | 23 | €2,066 | €2,112 | +€46 | +2.2% |
| Furniture and vehicles | 24 | - | €31,201 | +€31,201 | |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €58,556 | €84,674 | +€26,118 | +44.6% |
| Amounts receivable within one year | 40/41 | €12,100 | €12,130 | +€30 | +0.2% |
| Trade receivables | 40 | €12,100 | €12,130 | +€30 | +0.2% |
| Cash at bank and in hand | 54/58 | €45,387 | €71,679 | +€26,292 | +57.9% |
| Deferred charges and accrued income | 490/1 | €1,069 | €865 | -€204 | -19.1% |
| Total equity and liabilities | 10/49 | €131,745 | €188,983 | +€57,238 | +43.4% |
| Equity | 10/15 | €61,919 | €110,287 | +€48,368 | +78.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,919 | €105,287 | +€48,368 | +85.0% |
| Amounts payable | 17/49 | €69,825 | €78,696 | +€8,870 | +12.7% |
| Amounts payable after more than one year | 17 | €40,000 | €10,767 | -€29,233 | -73.1% |
| Financial debts | 170/4 | - | €10,767 | +€10,767 | |
| Other amounts payable | 178/9 | €40,000 | - | -€40,000 | |
| Amounts payable within one year | 42/48 | €29,825 | €67,929 | +€38,104 | +128% |
| Current portion of amounts payable after more than one year | 42 | - | €6,556 | +€6,556 | |
| Trade debts | 44 | €272 | €0 | -€272 | -100% |
| Suppliers | 440/4 | €272 | €0 | -€272 | -100% |
| Taxes, remuneration and social security | 45 | €27,885 | €42,648 | +€14,764 | +52.9% |
| Taxes | 450/3 | €25,519 | €39,272 | +€13,753 | +53.9% |
| Remuneration and social security | 454/9 | €2,366 | €3,377 | +€1,011 | +42.7% |
| Other amounts payable | 47/48 | €1,668 | €18,725 | +€17,057 | +1,022% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €642 | €3,423 | +€2,781 | +433% |
| Other operating charges | 640/8 | €345 | €1,133 | +€788 | +228% |
| Gross operating margin | 9900 | €77,781 | €57,704 | -€20,077 | -25.8% |
| Operating profit (loss) | 9901 | €76,794 | €53,148 | -€23,646 | -30.8% |
| Financial income | 75/76B | €0 | €10,000 | +€10,000 | +24,999,975% |
| Recurring financial income | 75 | €0 | €10,000 | +€10,000 | +24,999,975% |
| Financial charges | 65/66B | €279 | €713 | +€434 | +155% |
| Recurring financial charges | 65 | €279 | €713 | +€434 | +155% |
| Profit (loss) for the period before taxes | 9903 | €76,515 | €62,435 | -€14,080 | -18.4% |
| Income taxes | 67/77 | €19,763 | €14,067 | -€5,696 | -28.8% |
| Profit (loss) for the period | 9904 | €56,752 | €48,368 | -€8,384 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,752 | €48,368 | -€8,384 | -14.8% |
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 29 October 2026 via checked.be.