DOC3: 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.
DOC3
Largest movements
- Tangible fixed assets +€409,737
up €409,737 (+113%), from €363,083 to €772,820
of which Land and buildings: +€369,930
- Financial fixed assets -€37,916
down €37,916 (-72.5%), from €52,300 to €14,384
- Short-term financial debts +€385,000
new in 2025: €385,000
- Other debts +€43,958
up €43,958 (+47.5%), from €92,550 to €136,508
- Profit (loss) carried forward -€37,892
new in 2025: -€37,892
- Debts after one year -€20,508
down €20,508 (-7.2%), from €284,765 to €264,257
- Depreciation +€39,620
up €39,620 (+226%), from €17,563 to €57,183
- Financial charges +€4,323
up €4,323 (+46.4%), from €9,309 to €13,632
- Taxes -€2,241
down €2,241 (-100%), from €2,241 to €0
- Gross operating margin -€892
down €892 (-2.5%), from €35,199 to €34,307
- Financial income +€507
up €507 (+187,789%), from €0 to €507
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 | €421,153 | €792,250 | +€371,098 | +88.1% |
| Fixed assets | 21/28 | €415,383 | €787,204 | +€371,821 | +89.5% |
| Tangible fixed assets | 22/27 | €363,083 | €772,820 | +€409,737 | +113% |
| Land and buildings | 22 | €356,900 | €726,830 | +€369,930 | +104% |
| Plant, machinery and equipment | 23 | €6,183 | €3,151 | -€3,032 | -49.0% |
| Assets under construction and advance payments | 27 | - | €42,838 | +€42,838 | |
| Financial fixed assets | 28 | €52,300 | €14,384 | -€37,916 | -72.5% |
| Current assets | 29/58 | €5,770 | €5,046 | -€724 | -12.5% |
| Cash at bank and in hand | 54/58 | €5,770 | €5,046 | -€724 | -12.5% |
| Total equity and liabilities | 10/49 | €421,153 | €792,250 | +€371,098 | +88.1% |
| Equity | 10/15 | €20,947 | -€16,944 | -€37,892 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,747 | €14,747 | = | 0.0% |
| Distributable reserves | 133 | €14,747 | €14,747 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€37,892 | -€37,892 | |
| Amounts payable | 17/49 | €400,205 | €809,195 | +€408,989 | +102% |
| Amounts payable after more than one year | 17 | €284,765 | €264,257 | -€20,508 | -7.2% |
| Financial debts | 170/4 | €284,765 | €264,257 | -€20,508 | -7.2% |
| Amounts payable within one year | 42/48 | €115,441 | €542,016 | +€426,575 | +370% |
| Current portion of amounts payable after more than one year | 42 | €20,217 | €20,508 | +€291 | +1.4% |
| Financial debts | 43 | - | €385,000 | +€385,000 | |
| Credit institutions | 430/8 | - | €385,000 | +€385,000 | |
| Trade debts | 44 | €433 | €0 | -€433 | -100% |
| Suppliers | 440/4 | €433 | €0 | -€433 | -100% |
| Taxes, remuneration and social security | 45 | €2,241 | €0 | -€2,241 | -100% |
| Taxes | 450/3 | €2,241 | €0 | -€2,241 | -100% |
| Other amounts payable | 47/48 | €92,550 | €136,508 | +€43,958 | +47.5% |
| Accrued charges and deferred income | 492/3 | - | €2,922 | +€2,922 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,563 | €57,183 | +€39,620 | +226% |
| Other operating charges | 640/8 | €1,710 | €1,891 | +€181 | +10.6% |
| Gross operating margin | 9900 | €35,199 | €34,307 | -€892 | -2.5% |
| Operating profit (loss) | 9901 | €15,926 | -€24,767 | -€40,693 | |
| Financial income | 75/76B | €0 | €507 | +€507 | +187,789% |
| Recurring financial income | 75 | €0 | €507 | +€507 | +187,789% |
| Financial charges | 65/66B | €9,309 | €13,632 | +€4,323 | +46.4% |
| Recurring financial charges | 65 | €9,309 | €13,632 | +€4,323 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | €6,617 | -€37,892 | -€44,509 | |
| Income taxes | 67/77 | €2,241 | €0 | -€2,241 | -100% |
| Profit (loss) for the period | 9904 | €4,376 | -€37,892 | -€42,268 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,376 | -€37,892 | -€42,268 |
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 15 October 2026 via checked.be.