B3A: 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.
B3A
Largest movements
- Tangible fixed assets -€36,650
down €36,650 (-6.8%), from €541,369 to €504,719
of which Land and buildings: -€32,233
- Cash -€30,870
down €30,870 (-10.2%), from €303,336 to €272,466
mainly Contributions, distributions and other (-€567,666) and Receivables within one year (-€24,926)
- Reserves -€581,812
down €581,812 (-23.8%), from €2.4m to €1.9m
of which Distributable reserves: -€581,812
- Other debts +€566,307
up €566,307 (+41,653%), from €1,360 to €567,666
- Gross operating margin -€182,725
down €182,725 (-89.5%), from €204,161 to €21,437
- Taxes -€75,523
down €75,523 (-99.6%), from €75,856 to €333
- Financial charges +€34,072
up €34,072, from -€20,830 to €13,243
- Financial income -€32,983
down €32,983 (-52.1%), from €63,314 to €30,332
- Depreciation -€9,665
down €9,665 (-20.9%), from €46,315 to €36,650
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 | €2,586,375 | €2,552,420 | -€33,955 | -1.3% |
| Fixed assets | 21/28 | €541,369 | €504,719 | -€36,650 | -6.8% |
| Tangible fixed assets | 22/27 | €541,369 | €504,719 | -€36,650 | -6.8% |
| Land and buildings | 22 | €525,170 | €492,937 | -€32,233 | -6.1% |
| Furniture and vehicles | 24 | €16,199 | €11,781 | -€4,418 | -27.3% |
| Current assets | 29/58 | €2,045,006 | €2,047,701 | +€2,695 | +0.1% |
| Amounts receivable within one year | 40/41 | €11,421 | €36,347 | +€24,926 | +218% |
| Trade receivables | 40 | €8,652 | €0 | -€8,652 | -100% |
| Other amounts receivable | 41 | €2,769 | €36,347 | +€33,578 | +1,213% |
| Current investments | 50/53 | €1,730,250 | €1,738,399 | +€8,149 | +0.5% |
| Cash at bank and in hand | 54/58 | €303,336 | €272,466 | -€30,870 | -10.2% |
| Deferred charges and accrued income | 490/1 | - | €490 | +€490 | |
| Total equity and liabilities | 10/49 | €2,586,375 | €2,552,420 | -€33,955 | -1.3% |
| Equity | 10/15 | €2,503,605 | €1,921,793 | -€581,812 | -23.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,442,105 | €1,860,293 | -€581,812 | -23.8% |
| Non-distributable reserves | 130/1 | €280,650 | €280,650 | = | 0.0% |
| Legal reserve | 130 | €280,650 | €280,650 | = | 0.0% |
| Distributable reserves | 133 | €2,161,455 | €1,579,643 | -€581,812 | -26.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €82,771 | €630,628 | +€547,857 | +662% |
| Amounts payable within one year | 42/48 | €82,771 | €630,628 | +€547,857 | +662% |
| Trade debts | 44 | €3,781 | €3,245 | -€536 | -14.2% |
| Suppliers | 440/4 | €3,781 | €3,245 | -€536 | -14.2% |
| Taxes, remuneration and social security | 45 | €77,630 | €59,716 | -€17,913 | -23.1% |
| Taxes | 450/3 | €77,630 | €59,716 | -€17,913 | -23.1% |
| Other amounts payable | 47/48 | €1,360 | €567,666 | +€566,307 | +41,653% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,315 | €36,650 | -€9,665 | -20.9% |
| Other operating charges | 640/8 | €15,382 | €15,688 | +€306 | +2.0% |
| Gross operating margin | 9900 | €204,161 | €21,437 | -€182,725 | -89.5% |
| Operating profit (loss) | 9901 | €142,464 | -€30,902 | -€173,366 | |
| Financial income | 75/76B | €63,314 | €30,332 | -€32,983 | -52.1% |
| Recurring financial income | 75 | €63,314 | €30,332 | -€32,983 | -52.1% |
| Financial charges | 65/66B | -€20,830 | €13,243 | +€34,072 | |
| Recurring financial charges | 65 | -€20,830 | €13,243 | +€34,072 | |
| Profit (loss) for the period before taxes | 9903 | €226,608 | -€13,813 | -€240,421 | |
| Income taxes | 67/77 | €75,856 | €333 | -€75,523 | -99.6% |
| Profit (loss) for the period | 9904 | €150,752 | -€14,146 | -€164,898 | |
| Profit (loss) for the period to be appropriated | 9905 | €150,752 | -€14,146 | -€164,898 |
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 17 October 2026 via checked.be.