F3S BELGIUM: 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.
F3S BELGIUM
Largest movements
- Cash +€14,263
up €14,263 (+143%), from €9,962 to €24,225
mainly Net result for the year (+€24,056) and Receivables within one year (+€10,630)
- Receivables within one year -€10,630
down €10,630 (-29.9%), from €35,606 to €24,977
of which Trade receivables: -€13,826
- Tangible fixed assets +€2,564
up €2,564 (+227%), from €1,131 to €3,695
- Intangible fixed assets -€2,025
down €2,025 (-28.9%), from €7,010 to €4,985
- Deferred charges and accrued income +€819
new in 2025: €819
- Profit (loss) carried forward +€24,056
up €24,056 (+225%), from €10,690 to €34,746
- Trade debts -€19,858
down €19,858 (-89.6%), from €22,170 to €2,313
- Tax, wage and social debts +€955
up €955 (+11.5%), from €8,295 to €9,250
- Gross operating margin +€26,974
up €26,974 (+308%), from €8,765 to €35,740
- Taxes +€7,316
up €7,316 (+742%), from €986 to €8,303
- Depreciation +€1,648
up €1,648 (+120%), from €1,377 to €3,025
- Financial charges -€547
down €547 (-81.3%), from €672 to €125
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 | €54,181 | €59,173 | +€4,992 | +9.2% |
| Fixed assets | 21/28 | €8,613 | €9,152 | +€539 | +6.3% |
| Intangible fixed assets | 21 | €7,010 | €4,985 | -€2,025 | -28.9% |
| Tangible fixed assets | 22/27 | €1,131 | €3,695 | +€2,564 | +227% |
| Furniture and vehicles | 24 | €1,131 | €3,695 | +€2,564 | +227% |
| Financial fixed assets | 28 | €472 | €472 | = | 0.0% |
| Current assets | 29/58 | €45,568 | €50,021 | +€4,452 | +9.8% |
| Amounts receivable within one year | 40/41 | €35,606 | €24,977 | -€10,630 | -29.9% |
| Trade receivables | 40 | €35,606 | €21,780 | -€13,826 | -38.8% |
| Other amounts receivable | 41 | - | €3,196 | +€3,196 | |
| Cash at bank and in hand | 54/58 | €9,962 | €24,225 | +€14,263 | +143% |
| Deferred charges and accrued income | 490/1 | - | €819 | +€819 | |
| Total equity and liabilities | 10/49 | €54,181 | €59,173 | +€4,992 | +9.2% |
| Equity | 10/15 | €22,690 | €46,746 | +€24,056 | +106% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,690 | €34,746 | +€24,056 | +225% |
| Amounts payable | 17/49 | €31,491 | €12,427 | -€19,064 | -60.5% |
| Amounts payable within one year | 42/48 | €31,491 | €12,427 | -€19,064 | -60.5% |
| Trade debts | 44 | €22,170 | €2,313 | -€19,858 | -89.6% |
| Suppliers | 440/4 | €22,170 | €2,313 | -€19,858 | -89.6% |
| Taxes, remuneration and social security | 45 | €8,295 | €9,250 | +€955 | +11.5% |
| Taxes | 450/3 | €8,295 | €9,250 | +€955 | +11.5% |
| Other amounts payable | 47/48 | €1,026 | €864 | -€162 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,377 | €3,025 | +€1,648 | +120% |
| Other operating charges | 640/8 | €247 | €246 | -€0 | -0.1% |
| Gross operating margin | 9900 | €8,765 | €35,740 | +€26,974 | +308% |
| Operating profit (loss) | 9901 | €7,142 | €32,468 | +€25,327 | +355% |
| Financial income | 75/76B | €44 | €16 | -€28 | -64.2% |
| Recurring financial income | 75 | €44 | €16 | -€28 | -64.2% |
| Financial charges | 65/66B | €672 | €125 | -€547 | -81.3% |
| Recurring financial charges | 65 | €672 | €125 | -€547 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | €6,513 | €32,359 | +€25,845 | +397% |
| Income taxes | 67/77 | €986 | €8,303 | +€7,316 | +742% |
| Profit (loss) for the period | 9904 | €5,527 | €24,056 | +€18,529 | +335% |
| Profit (loss) for the period to be appropriated | 9905 | €5,527 | €24,056 | +€18,529 | +335% |
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 25 October 2026 via checked.be.