E3V & PARTNERS: 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.
E3V & PARTNERS
Largest movements
- Tangible fixed assets +€1.9m
up €1.9m (+61.6%), from €3.2m to €5.1m
of which Land and buildings: +€2.0m
- Receivables after one year -€1.4m
down €1.4m (-63.8%), from €2.2m to €800,622
- Receivables within one year -€150,583
down €150,583 (-20.0%), from €751,194 to €600,611
of which Other amounts receivable: -€135,277
- Current investments -€95,803
down €95,803 (-16.7%), from €572,861 to €477,057
- Revaluation surpluses +€2.1m
up €2.1m (+716%), from €290,000 to €2.4m
- Other debts -€1.7m
down €1.7m (-89.4%), from €1.9m to €200,000
- Debts after one year -€196,078
down €196,078 (-10.6%), from €1.8m to €1.6m
- Financial income -€809,927
down €809,927 (-93.3%), from €868,033 to €58,106
of which Non-recurring financial income: -€753,214
- Gross operating margin +€79,915
up €79,915 (+75.4%), from €106,000 to €185,916
- Financial charges -€9,268
down €9,268 (-23.4%), from €39,654 to €30,386
- Depreciation -€5,065
down €5,065 (-2.9%), from €175,316 to €170,252
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 | €7,147,005 | €7,344,641 | +€197,636 | +2.8% |
| Fixed assets | 21/28 | €3,449,700 | €5,370,849 | +€1.9m | +55.7% |
| Tangible fixed assets | 22/27 | €3,152,231 | €5,093,380 | +€1.9m | +61.6% |
| Land and buildings | 22 | €2,399,427 | €4,415,782 | +€2.0m | +84.0% |
| Plant, machinery and equipment | 23 | €226,367 | €207,516 | -€18,852 | -8.3% |
| Furniture and vehicles | 24 | €40,100 | €29,541 | -€10,558 | -26.3% |
| Leasing and similar rights | 25 | €486,338 | €440,541 | -€45,797 | -9.4% |
| Financial fixed assets | 28 | €297,469 | €277,469 | -€20,000 | -6.7% |
| Current assets | 29/58 | €3,697,305 | €1,973,792 | -€1.7m | -46.6% |
| Amounts receivable after more than one year | 29 | €2,211,792 | €800,622 | -€1.4m | -63.8% |
| Other amounts receivable | 291 | €2,211,792 | €800,622 | -€1.4m | -63.8% |
| Stocks and contracts in progress | 3 | €25,871 | €9,656 | -€16,214 | -62.7% |
| Stocks | 30/36 | €25,871 | €9,656 | -€16,214 | -62.7% |
| Amounts receivable within one year | 40/41 | €751,194 | €600,611 | -€150,583 | -20.0% |
| Trade receivables | 40 | €59,273 | €43,967 | -€15,306 | -25.8% |
| Other amounts receivable | 41 | €691,921 | €556,644 | -€135,277 | -19.6% |
| Current investments | 50/53 | €572,861 | €477,057 | -€95,803 | -16.7% |
| Cash at bank and in hand | 54/58 | €130,804 | €78,854 | -€51,950 | -39.7% |
| Deferred charges and accrued income | 490/1 | €4,784 | €6,992 | +€2,208 | +46.2% |
| Total equity and liabilities | 10/49 | €7,147,005 | €7,344,641 | +€197,636 | +2.8% |
| Equity | 10/15 | €3,137,468 | €5,231,763 | +€2.1m | +66.8% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Revaluation surpluses | 12 | €290,000 | €2,366,000 | +€2.1m | +716% |
| Reserves | 13 | €640,981 | €658,981 | +€18,000 | +2.8% |
| Non-distributable reserves | 130/1 | €115,207 | €115,207 | = | 0.0% |
| Reserves not available under the articles | 1311 | €115,207 | €115,207 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,774 | €50,774 | = | 0.0% |
| Distributable reserves | 133 | €475,000 | €493,000 | +€18,000 | +3.8% |
| Profit (loss) carried forward | 14 | €2,192,227 | €2,192,522 | +€296 | 0.0% |
| Amounts payable | 17/49 | €4,009,538 | €2,112,878 | -€1.9m | -47.3% |
| Amounts payable after more than one year | 17 | €1,845,388 | €1,649,310 | -€196,078 | -10.6% |
| Financial debts | 170/4 | €1,845,388 | €1,649,310 | -€196,078 | -10.6% |
| Amounts payable within one year | 42/48 | €2,163,839 | €463,567 | -€1.7m | -78.6% |
| Current portion of amounts payable after more than one year | 42 | €195,073 | €199,503 | +€4,429 | +2.3% |
| Trade debts | 44 | €75,028 | €32,038 | -€42,990 | -57.3% |
| Suppliers | 440/4 | €75,028 | €32,038 | -€42,990 | -57.3% |
| Taxes, remuneration and social security | 45 | €15,738 | €32,027 | +€16,290 | +104% |
| Taxes | 450/3 | €15,738 | €32,027 | +€16,290 | +104% |
| Other amounts payable | 47/48 | €1,878,000 | €200,000 | -€1.7m | -89.4% |
| Accrued charges and deferred income | 492/3 | €310 | - | -€310 | |
| Non-recurring operating income | 76A | - | €3,908 | +€3,908 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,316 | €170,252 | -€5,065 | -2.9% |
| Other operating charges | 640/8 | €15,602 | €15,151 | -€451 | -2.9% |
| Gross operating margin | 9900 | €106,000 | €185,916 | +€79,915 | +75.4% |
| Operating profit (loss) | 9901 | -€84,918 | €513 | +€85,431 | |
| Financial income | 75/76B | €868,033 | €58,106 | -€809,927 | -93.3% |
| Recurring financial income | 75 | €114,819 | €58,106 | -€56,713 | -49.4% |
| Non-recurring financial income | 76B | €753,214 | - | -€753,214 | |
| Financial charges | 65/66B | €39,654 | €30,386 | -€9,268 | -23.4% |
| Recurring financial charges | 65 | €39,654 | €30,386 | -€9,268 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €743,460 | €28,233 | -€715,228 | -96.2% |
| Income taxes | 67/77 | €10,687 | €9,937 | -€750 | -7.0% |
| Profit (loss) for the period | 9904 | €732,773 | €18,296 | -€714,478 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €732,773 | €18,296 | -€714,478 | -97.5% |
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.