B3: 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.
B3
Largest movements
- Receivables within one year +€4,968
up €4,968 (+112.3%), from €4,423 to €9,392
of which Trade receivables: +€2,685
- Cash +€748
up €748 (+24.5%), from €3,054 to €3,802
mainly Net result for the year (+€7,341) and Depreciation (+€196)
- Deferred charges and accrued income +€722
new in 2025: €722
- Tangible fixed assets -€196
down €196 (-8.2%), from €2,388 to €2,192
- Profit (loss) carried forward +€7,341
up €7,341 (+15.5%), from -€47,243 to -€39,902
- Tax, wage and social debts -€972
down €972 (-22.2%), from €4,380 to €3,408
of which Taxes: -€2,520
- Gross operating margin +€25,982
up €25,982 (+255.5%), from €10,169 to €36,151
- Staff costs +€428
up €428 (+1.6%), from €27,419 to €27,847
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 | €9,865 | €16,107 | +€6,242 | +63.3% |
| Fixed assets | 21/28 | €2,388 | €2,192 | -€196 | -8.2% |
| Tangible fixed assets | 22/27 | €2,388 | €2,192 | -€196 | -8.2% |
| Land and buildings | 22 | €2,388 | €2,192 | -€196 | -8.2% |
| Current assets | 29/58 | €7,478 | €13,915 | +€6,438 | +86.1% |
| Amounts receivable within one year | 40/41 | €4,423 | €9,392 | +€4,968 | +112.3% |
| Trade receivables | 40 | €3,649 | €6,334 | +€2,685 | +73.6% |
| Other amounts receivable | 41 | €774 | €3,057 | +€2,283 | +294.9% |
| Cash at bank and in hand | 54/58 | €3,054 | €3,802 | +€748 | +24.5% |
| Deferred charges and accrued income | 490/1 | - | €722 | +€722 | |
| Total equity and liabilities | 10/49 | €9,865 | €16,107 | +€6,242 | +63.3% |
| Equity | 10/15 | -€26,743 | -€19,402 | +€7,341 | +27.5% |
| Contributions | 10/11 | €20,500 | €20,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,243 | -€39,902 | +€7,341 | +15.5% |
| Amounts payable | 17/49 | €36,608 | €35,509 | -€1,099 | -3.0% |
| Amounts payable within one year | 42/48 | €36,608 | €35,509 | -€1,099 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €25,376 | €25,376 | = | 0.0% |
| Trade debts | 44 | €3,986 | €3,990 | +€5 | +0.1% |
| Suppliers | 440/4 | €3,986 | €3,990 | +€5 | +0.1% |
| Taxes, remuneration and social security | 45 | €4,380 | €3,408 | -€972 | -22.2% |
| Taxes | 450/3 | €2,520 | - | -€2,520 | |
| Remuneration and social security | 454/9 | €1,860 | €3,408 | +€1,548 | +83.2% |
| Other amounts payable | 47/48 | €2,866 | €2,734 | -€132 | -4.6% |
| Remuneration, social security and pensions | 62 | €27,419 | €27,847 | +€428 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221 | €196 | -€26 | -11.6% |
| Other operating charges | 640/8 | €485 | €500 | +€15 | +3.2% |
| Gross operating margin | 9900 | €10,169 | €36,151 | +€25,982 | +255.5% |
| Operating profit (loss) | 9901 | -€17,956 | €7,608 | +€25,564 | |
| Financial charges | 65/66B | €62 | €267 | +€206 | +333.5% |
| Recurring financial charges | 65 | €62 | €267 | +€206 | +333.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,018 | €7,341 | +€25,359 | |
| Profit (loss) for the period | 9904 | -€18,018 | €7,341 | +€25,359 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,018 | €7,341 | +€25,359 |
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.