E3-Invest: what changed
E3-Invest
Largest movements
- Receivables after one year -€300,000
down €300,000 (-100%), from €300,000 to €0
- Cash +€150,785
up €150,785 (+641%), from €23,533 to €174,317
mainly Receivables after one year (+€300,000) and Stocks and contracts (+€114,118)
- Stocks and contracts -€114,118
down €114,118 (-4.5%), from €2.6m to €2.4m
- Debts after one year -€295,000
down €295,000 (-18.8%), from €1.6m to €1.3m
of which Financial debts: -€300,000
- Accrued charges and deferred income +€86,475
new in 2025: €86,475
- Profit (loss) carried forward -€54,809
down €54,809 (-379%), from -€14,447 to -€69,256
- Financial charges +€99,928
up €99,928 (+10,281%), from €972 to €100,900
of which Financial charges: +€98,026
- Gross operating margin +€51,112
up €51,112, from -€3,902 to €47,210
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,885,553 | €2,622,220 | -€263,334 | -9.1% |
| Current assets | 29/58 | €2,885,553 | €2,622,220 | -€263,334 | -9.1% |
| Amounts receivable after more than one year | 29 | €300,000 | €0 | -€300,000 | -100% |
| Other amounts receivable | 291 | €300,000 | €0 | -€300,000 | -100% |
| Stocks and contracts in progress | 3 | €2,562,020 | €2,447,902 | -€114,118 | -4.5% |
| Stocks | 30/36 | €2,562,020 | €2,447,902 | -€114,118 | -4.5% |
| Cash at bank and in hand | 54/58 | €23,533 | €174,317 | +€150,785 | +641% |
| Total equity and liabilities | 10/49 | €2,885,553 | €2,622,220 | -€263,334 | -9.1% |
| Equity | 10/15 | €1,315,553 | €1,260,744 | -€54,809 | -4.2% |
| Contributions | 10/11 | €1,330,000 | €1,330,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,447 | -€69,256 | -€54,809 | -379% |
| Amounts payable | 17/49 | €1,570,000 | €1,361,475 | -€208,525 | -13.3% |
| Amounts payable after more than one year | 17 | €1,570,000 | €1,275,000 | -€295,000 | -18.8% |
| Financial debts | 170/4 | €300,000 | €0 | -€300,000 | -100% |
| Other amounts payable | 178/9 | €1,270,000 | €1,275,000 | +€5,000 | +0.4% |
| Accrued charges and deferred income | 492/3 | - | €86,475 | +€86,475 | |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€3,902 | €47,210 | +€51,112 | |
| Operating profit (loss) | 9901 | -€4,988 | €46,092 | +€51,079 | |
| Financial charges | 65/66B | €972 | €100,900 | +€99,928 | +10,281% |
| Recurring financial charges | 65 | €972 | €98,998 | +€98,026 | +10,085% |
| Non-recurring financial charges | 66B | €972 | €1,902 | +€930 | +95.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,960 | -€54,809 | -€48,849 | -820% |
| Profit (loss) for the period | 9904 | -€5,960 | -€54,809 | -€48,849 | -820% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,960 | -€54,809 | -€48,849 | -820% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.