D3S: 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.
D3S
Largest movements
- Cash +€39,872
up €39,872 (+29.3%), from €136,011 to €175,883
mainly Net result for the year (+€39,330) and Receivables within one year (+€7,109)
- Receivables within one year -€7,109
down €7,109 (-35.9%), from €19,807 to €12,698
of which Other amounts receivable: -€19,753
- Reserves +€86,153
up €86,153 (+131.4%), from €65,551 to €151,704
- Profit (loss) carried forward -€46,823
no longer reported in 2025 (was €46,823)
- Tax, wage and social debts -€7,750
down €7,750 (-23.3%), from €33,273 to €25,523
of which Taxes: -€13,676
- Other debts +€2,089
new in 2025: €2,089
- Turnover +€130,103
new in 2025: €130,103
- Purchases and services +€54,885
new in 2025: €54,885
- Staff costs +€11,480
up €11,480 (+94.3%), from €12,169 to €23,649
- Gross operating margin +€2,815
up €2,815 (+3.9%), from €72,403 to €75,218
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 | €160,186 | €192,134 | +€31,948 | +19.9% |
| Formation expenses | 20 | - | €67 | +€67 | |
| Fixed assets | 21/28 | €4,368 | €3,486 | -€882 | -20.2% |
| Intangible fixed assets | 21 | €338 | - | -€338 | |
| Tangible fixed assets | 22/27 | €4,030 | €3,486 | -€544 | -13.5% |
| Plant, machinery and equipment | 23 | €1,383 | €1,024 | -€359 | -26.0% |
| Furniture and vehicles | 24 | €2,647 | €2,462 | -€185 | -7.0% |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €155,818 | €188,581 | +€32,763 | +21.0% |
| Amounts receivable within one year | 40/41 | €19,807 | €12,698 | -€7,109 | -35.9% |
| Trade receivables | 40 | - | €12,644 | +€12,644 | |
| Other amounts receivable | 41 | €19,807 | €54 | -€19,753 | -99.7% |
| Cash at bank and in hand | 54/58 | €136,011 | €175,883 | +€39,872 | +29.3% |
| Total equity and liabilities | 10/49 | €160,186 | €192,134 | +€31,948 | +19.9% |
| Equity | 10/15 | €122,374 | €161,704 | +€39,330 | +32.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €65,551 | €151,704 | +€86,153 | +131.4% |
| Distributable reserves | 133 | €65,551 | €151,704 | +€86,153 | +131.4% |
| Profit (loss) carried forward | 14 | €46,823 | - | -€46,823 | |
| Amounts payable | 17/49 | €37,812 | €30,430 | -€7,382 | -19.5% |
| Amounts payable within one year | 42/48 | €37,812 | €30,430 | -€7,382 | -19.5% |
| Trade debts | 44 | €4,539 | €2,818 | -€1,721 | -37.9% |
| Suppliers | 440/4 | €4,539 | €2,818 | -€1,721 | -37.9% |
| Taxes, remuneration and social security | 45 | €33,273 | €25,523 | -€7,750 | -23.3% |
| Taxes | 450/3 | €30,329 | €16,653 | -€13,676 | -45.1% |
| Remuneration and social security | 454/9 | €2,944 | €8,870 | +€5,926 | +201.3% |
| Other amounts payable | 47/48 | - | €2,089 | +€2,089 | |
| Turnover | 70 | - | €130,103 | +€130,103 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €54,885 | +€54,885 | |
| Remuneration, social security and pensions | 62 | €12,169 | €23,649 | +€11,480 | +94.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,117 | €1,560 | +€443 | +39.7% |
| Gross operating margin | 9900 | €72,403 | €75,218 | +€2,815 | +3.9% |
| Operating profit (loss) | 9901 | €59,117 | €50,009 | -€9,108 | -15.4% |
| Financial income | 75/76B | - | €358 | +€358 | |
| Recurring financial income | 75 | - | €358 | +€358 | |
| Financial charges | 65/66B | €153 | €163 | +€10 | +6.5% |
| Recurring financial charges | 65 | €153 | €163 | +€10 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €58,964 | €50,204 | -€8,760 | -14.9% |
| Income taxes | 67/77 | €12,141 | €10,874 | -€1,267 | -10.4% |
| Profit (loss) for the period | 9904 | €46,823 | €39,330 | -€7,493 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,823 | €39,330 | -€7,493 | -16.0% |
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 11 October 2026 via checked.be.