GROWING THREES: what changed
Two fiscal 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.
GROWING THREES
Largest movements
- Receivables within one year +€3,838
up €3,838, from €0 to €3,838
of which Trade receivables: +€2,752
- Tangible fixed assets -€3,262
down €3,262 (-25.9%), from €12,597 to €9,335
of which Other tangible fixed assets: -€2,805
- Deferred charges and accrued income +€205
up €205, from €0 to €205
- Debts after one year -€12,870
down €12,870 (-100.0%), from €12,870 to €0
- Other debts +€11,983
up €11,983 (+337.3%), from €3,553 to €15,536
- Trade debts +€7,353
up €7,353 (+249.6%), from €2,946 to €10,298
- Profit (loss) carried forward -€2,732
down €2,732 (-4.6%), from -€59,937 to -€62,669
- Current portion of long-term debt -€2,379
down €2,379 (-15.6%), from €15,249 to €12,870
- Gross operating margin +€3,745
up €3,745, from -€2,007 to €1,738
- Other operating charges +€387
up €387, from €0 to €387
- Depreciation -€215
down €215 (-6.2%), from €3,477 to €3,262
- Financial charges -€186
down €186 (-18.5%), from €1,008 to €821
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.
Cash bridge derived
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 | €12,599 | €13,461 | +€861 | +6.8% |
| Fixed assets | 21/28 | €12,597 | €9,335 | -€3,262 | -25.9% |
| Tangible fixed assets | 22/27 | €12,597 | €9,335 | -€3,262 | -25.9% |
| Furniture and vehicles | 24 | €779 | €322 | -€457 | -58.7% |
| Other tangible fixed assets | 26 | €11,818 | €9,013 | -€2,805 | -23.7% |
| Current assets | 29/58 | €3 | €4,126 | +€4,123 | +164263.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €0 | €3,838 | +€3,838 | |
| Trade receivables | 40 | €0 | €2,752 | +€2,752 | |
| Other amounts receivable | 41 | €0 | €1,086 | +€1,086 | |
| Current investments | 50/53 | €2 | €2 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1 | €80 | +€80 | +15652.9% |
| Deferred charges and accrued income | 490/1 | €0 | €205 | +€205 | |
| Total equity and liabilities | 10/49 | €12,599 | €13,461 | +€861 | +6.8% |
| Equity | 10/15 | -€26,038 | -€28,770 | -€2,732 | -10.5% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €19,639 | €19,639 | = | 0.0% |
| Distributable reserves | 133 | €19,639 | €19,639 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,937 | -€62,669 | -€2,732 | -4.6% |
| Amounts payable | 17/49 | €38,638 | €42,231 | +€3,594 | +9.3% |
| Amounts payable after more than one year | 17 | €12,870 | €0 | -€12,870 | -100.0% |
| Financial debts | 170/4 | €12,870 | €0 | -€12,870 | -100.0% |
| Amounts payable within one year | 42/48 | €25,768 | €42,231 | +€16,464 | +63.9% |
| Current portion of amounts payable after more than one year | 42 | €15,249 | €12,870 | -€2,379 | -15.6% |
| Financial debts | 43 | €3,457 | €3,523 | +€67 | +1.9% |
| Credit institutions | 430/8 | €3,457 | €3,523 | +€67 | +1.9% |
| Trade debts | 44 | €2,946 | €10,298 | +€7,353 | +249.6% |
| Suppliers | 440/4 | €2,946 | €10,298 | +€7,353 | +249.6% |
| Taxes, remuneration and social security | 45 | €563 | €3 | -€560 | -99.5% |
| Taxes | 450/3 | €563 | €3 | -€560 | -99.5% |
| Other amounts payable | 47/48 | €3,553 | €15,536 | +€11,983 | +337.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,477 | €3,262 | -€215 | -6.2% |
| Other operating charges | 640/8 | €0 | €387 | +€387 | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€2,007 | €1,738 | +€3,745 | |
| Operating profit (loss) | 9901 | -€5,484 | -€1,911 | +€3,573 | +65.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,008 | €821 | -€186 | -18.5% |
| Recurring financial charges | 65 | €1,008 | €821 | -€186 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,491 | -€2,732 | +€3,759 | +57.9% |
| Profit (loss) for the period | 9904 | -€6,491 | -€2,732 | +€3,759 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,491 | -€2,732 | +€3,759 | +57.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.