DE 3 B'S: 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.
DE 3 B'S
Largest movements
- Cash -€251,820
down €251,820 (-84.0%), from €299,916 to €48,096
mainly Current investments (-€168,724) and Contributions, distributions and other (-€41,000)
- Current investments +€168,724
new in 2025: €168,724
- Receivables within one year +€19,190
up €19,190 (+40.1%), from €47,871 to €67,061
of which Other amounts receivable: +€23,257
- Tangible fixed assets -€16,883
down €16,883 (-10.0%), from €169,623 to €152,739
of which Other tangible fixed assets: -€8,918
- Reserves -€41,000
down €41,000 (-9.4%), from €435,027 to €394,027
- Profit (loss) carried forward -€35,722
down €35,722 (-63.4%), from €56,319 to €20,598
- Gross operating margin -€148,091
down €148,091, from €120,990 to -€27,101
- Taxes -€33,590
no longer reported in 2025 (was €33,590)
- Financial income +€6,413
up €6,413 (+109%), from €5,881 to €12,295
- Financial charges -€1,306
down €1,306 (-47.4%), from €2,753 to €1,447
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 | €517,874 | €436,657 | -€81,216 | -15.7% |
| Fixed assets | 21/28 | €169,660 | €152,776 | -€16,883 | -10.0% |
| Tangible fixed assets | 22/27 | €169,623 | €152,739 | -€16,883 | -10.0% |
| Land and buildings | 22 | €38,397 | €36,799 | -€1,598 | -4.2% |
| Plant, machinery and equipment | 23 | €13,879 | €13,033 | -€847 | -6.1% |
| Furniture and vehicles | 24 | €8,654 | €3,133 | -€5,521 | -63.8% |
| Other tangible fixed assets | 26 | €108,693 | €99,774 | -€8,918 | -8.2% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €348,214 | €283,881 | -€64,333 | -18.5% |
| Stocks and contracts in progress | 3 | €427 | - | -€427 | |
| Stocks | 30/36 | €427 | - | -€427 | |
| Amounts receivable within one year | 40/41 | €47,871 | €67,061 | +€19,190 | +40.1% |
| Trade receivables | 40 | €4,389 | €322 | -€4,067 | -92.7% |
| Other amounts receivable | 41 | €43,482 | €66,739 | +€23,257 | +53.5% |
| Current investments | 50/53 | - | €168,724 | +€168,724 | |
| Cash at bank and in hand | 54/58 | €299,916 | €48,096 | -€251,820 | -84.0% |
| Total equity and liabilities | 10/49 | €517,874 | €436,657 | -€81,216 | -15.7% |
| Equity | 10/15 | €509,939 | €433,217 | -€76,722 | -15.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €435,027 | €394,027 | -€41,000 | -9.4% |
| Distributable reserves | 133 | €435,027 | €394,027 | -€41,000 | -9.4% |
| Profit (loss) carried forward | 14 | €56,319 | €20,598 | -€35,722 | -63.4% |
| Amounts payable | 17/49 | €7,935 | €3,441 | -€4,494 | -56.6% |
| Amounts payable after more than one year | 17 | €1,697 | - | -€1,697 | |
| Financial debts | 170/4 | €1,697 | - | -€1,697 | |
| Amounts payable within one year | 42/48 | €6,238 | €3,441 | -€2,797 | -44.8% |
| Current portion of amounts payable after more than one year | 42 | €4,039 | €1,697 | -€2,342 | -58.0% |
| Trade debts | 44 | €307 | €1,744 | +€1,436 | +468% |
| Suppliers | 440/4 | €307 | €1,744 | +€1,436 | +468% |
| Taxes, remuneration and social security | 45 | €1,891 | - | -€1,891 | |
| Taxes | 450/3 | €1,891 | - | -€1,891 | |
| Non-recurring operating income | 76A | €164,575 | - | -€164,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,223 | €18,777 | +€554 | +3.0% |
| Other operating charges | 640/8 | €743 | €692 | -€51 | -6.9% |
| Gross operating margin | 9900 | €120,990 | -€27,101 | -€148,091 | |
| Operating profit (loss) | 9901 | €102,025 | -€46,570 | -€148,594 | |
| Financial income | 75/76B | €5,881 | €12,295 | +€6,413 | +109% |
| Recurring financial income | 75 | €5,881 | €12,295 | +€6,413 | +109% |
| Financial charges | 65/66B | €2,753 | €1,447 | -€1,306 | -47.4% |
| Recurring financial charges | 65 | €2,753 | €1,447 | -€1,306 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €105,154 | -€35,722 | -€140,875 | |
| Income taxes | 67/77 | €33,590 | - | -€33,590 | |
| Profit (loss) for the period | 9904 | €71,564 | -€35,722 | -€107,286 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,564 | -€35,722 | -€107,286 |
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 14 October 2026 via checked.be.