D-fool 3F: 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.
D-fool 3F
Largest movements
- Cash -€224,017
down €224,017 (-86.4%), from €259,278 to €35,261
mainly Net result for the year (-€151,289) and Investment in fixed assets (net) (-€97,377)
- Intangible fixed assets +€58,897
up €58,897 (+51.4%), from €114,667 to €173,564
- Receivables within one year +€18,648
up €18,648 (+131%), from €14,187 to €32,835
of which Trade receivables: +€20,545
- Profit (loss) carried forward -€151,289
down €151,289 (-42.6%), from -€354,909 to -€506,198
- Turnover +€147,929
new in 2025: €147,929
- Purchases and services +€111,277
up €111,277 (+64.6%), from €172,330 to €283,607
- Other operating charges -€30,050
no longer reported in 2025 (was €30,050)
- Gross operating margin +€29,387
up €29,387 (+20.7%), from -€141,766 to -€112,378
- Depreciation +€23,546
up €23,546 (+143%), from €16,411 to €39,957
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 | €745,909 | €599,859 | -€146,050 | -19.6% |
| Formation expenses | 20 | €3,978 | €3,044 | -€935 | -23.5% |
| Fixed assets | 21/28 | €467,686 | €526,040 | +€58,354 | +12.5% |
| Intangible fixed assets | 21 | €114,667 | €173,564 | +€58,897 | +51.4% |
| Tangible fixed assets | 22/27 | €935 | €392 | -€543 | -58.1% |
| Furniture and vehicles | 24 | €935 | €392 | -€543 | -58.1% |
| Financial fixed assets | 28 | €352,084 | €352,084 | = | 0.0% |
| Current assets | 29/58 | €274,245 | €70,776 | -€203,469 | -74.2% |
| Amounts receivable within one year | 40/41 | €14,187 | €32,835 | +€18,648 | +131% |
| Trade receivables | 40 | €3,938 | €24,483 | +€20,545 | +522% |
| Other amounts receivable | 41 | €10,249 | €8,352 | -€1,897 | -18.5% |
| Cash at bank and in hand | 54/58 | €259,278 | €35,261 | -€224,017 | -86.4% |
| Deferred charges and accrued income | 490/1 | €780 | €2,680 | +€1,900 | +244% |
| Total equity and liabilities | 10/49 | €745,909 | €599,859 | -€146,050 | -19.6% |
| Equity | 10/15 | €733,291 | €582,002 | -€151,289 | -20.6% |
| Contributions | 10/11 | €1,088,200 | €1,088,200 | = | 0.0% |
| Capital | 10 | €1,088,200 | €1,088,200 | = | 0.0% |
| Issued capital | 100 | €1,088,200 | €1,088,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€354,909 | -€506,198 | -€151,289 | -42.6% |
| Amounts payable | 17/49 | €12,619 | €17,857 | +€5,239 | +41.5% |
| Amounts payable within one year | 42/48 | €12,619 | €17,857 | +€5,239 | +41.5% |
| Financial debts | 43 | €1,163 | €3,164 | +€2,001 | +172% |
| Credit institutions | 430/8 | €1,163 | €3,164 | +€2,001 | +172% |
| Trade debts | 44 | €11,456 | €10,428 | -€1,028 | -9.0% |
| Suppliers | 440/4 | €11,456 | €10,428 | -€1,028 | -9.0% |
| Taxes, remuneration and social security | 45 | €0 | €30 | +€30 | |
| Taxes | 450/3 | €0 | €30 | +€30 | |
| Other amounts payable | 47/48 | - | €4,235 | +€4,235 | |
| Turnover | 70 | - | €147,929 | +€147,929 | |
| Goods, raw materials, services and sundry goods | 60/61 | €172,330 | €283,607 | +€111,277 | +64.6% |
| Remuneration, social security and pensions | 62 | €3,861 | - | -€3,861 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,411 | €39,957 | +€23,546 | +143% |
| Other operating charges | 640/8 | €30,050 | - | -€30,050 | |
| Gross operating margin | 9900 | -€141,766 | -€112,378 | +€29,387 | +20.7% |
| Operating profit (loss) | 9901 | -€192,087 | -€152,336 | +€39,752 | +20.7% |
| Financial income | 75/76B | €7 | €1,247 | +€1,240 | +16,960% |
| Recurring financial income | 75 | €7 | €1,247 | +€1,240 | +16,960% |
| Financial charges | 65/66B | €161 | €200 | +€40 | +24.7% |
| Recurring financial charges | 65 | €161 | €200 | +€40 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | -€192,241 | -€151,289 | +€40,952 | +21.3% |
| Income taxes | 67/77 | €2 | - | -€2 | |
| Profit (loss) for the period | 9904 | -€192,243 | -€151,289 | +€40,954 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€192,243 | -€151,289 | +€40,954 | +21.3% |
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 16 October 2026 via checked.be.