LE 3EME ELEMENT: 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.
LE 3EME ELEMENT
Largest movements
- Cash +€14,795
up €14,795 (+155247.5%), from €10 to €14,805
mainly Net result for the year (+€7,373) and Tax, wage and social debts (+€6,665)
- Tangible fixed assets -€1,304
down €1,304 (-34.0%), from €3,833 to €2,529
of which Furniture and vehicles: -€886
- Stocks and contracts +€887
up €887 (+6.8%), from €13,139 to €14,026
- Reserves +€7,350
new in 2025: €7,350
- Tax, wage and social debts +€6,665
up €6,665 (+67.5%), from €9,867 to €16,533
of which Remuneration and social security: +€3,580
- Trade debts +€5,053
up €5,053 (+400.4%), from €1,262 to €6,315
- Short-term financial debts -€3,171
no longer reported in 2025 (was €3,171)
- Debts after one year -€2,088
down €2,088 (-1.2%), from €167,133 to €165,045
- Gross operating margin +€44,331
up €44,331 (+56.9%), from €77,955 to €122,286
- Staff costs +€28,485
up €28,485 (+35.4%), from €80,395 to €108,880
- Financial income -€5,110
down €5,110 (-91.9%), from €5,563 to €453
of which Non-recurring financial income: -€4,316
- Other operating charges +€2,549
up €2,549 (+321.7%), from €792 to €3,341
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €19,287 | €33,119 | +€13,832 | +71.7% |
| Fixed assets | 21/28 | €4,358 | €3,054 | -€1,304 | -29.9% |
| Tangible fixed assets | 22/27 | €3,833 | €2,529 | -€1,304 | -34.0% |
| Plant, machinery and equipment | 23 | €1,941 | €1,523 | -€418 | -21.5% |
| Furniture and vehicles | 24 | €1,892 | €1,006 | -€886 | -46.8% |
| Financial fixed assets | 28 | €525 | €525 | = | 0.0% |
| Current assets | 29/58 | €14,929 | €30,065 | +€15,136 | +101.4% |
| Stocks and contracts in progress | 3 | €13,139 | €14,026 | +€887 | +6.8% |
| Stocks | 30/36 | €13,139 | €14,026 | +€887 | +6.8% |
| Amounts receivable within one year | 40/41 | €1,183 | €927 | -€256 | -21.7% |
| Trade receivables | 40 | €968 | €762 | -€206 | -21.3% |
| Other amounts receivable | 41 | €215 | €165 | -€50 | -23.4% |
| Cash at bank and in hand | 54/58 | €10 | €14,805 | +€14,795 | +155247.5% |
| Deferred charges and accrued income | 490/1 | €598 | €309 | -€290 | -48.4% |
| Total equity and liabilities | 10/49 | €19,287 | €33,119 | +€13,832 | +71.7% |
| Equity | 10/15 | -€162,146 | -€154,773 | +€7,373 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €7,350 | +€7,350 | |
| Distributable reserves | 133 | - | €7,350 | +€7,350 | |
| Profit (loss) carried forward | 14 | -€180,746 | -€180,723 | +€23 | 0.0% |
| Amounts payable | 17/49 | €181,433 | €187,892 | +€6,459 | +3.6% |
| Amounts payable after more than one year | 17 | €167,133 | €165,045 | -€2,088 | -1.2% |
| Financial debts | 170/4 | €167,133 | €165,045 | -€2,088 | -1.2% |
| Amounts payable within one year | 42/48 | €14,300 | €22,847 | +€8,547 | +59.8% |
| Financial debts | 43 | €3,171 | - | -€3,171 | |
| Other loans | 439 | €3,171 | - | -€3,171 | |
| Trade debts | 44 | €1,262 | €6,315 | +€5,053 | +400.4% |
| Suppliers | 440/4 | €1,262 | €6,315 | +€5,053 | +400.4% |
| Taxes, remuneration and social security | 45 | €9,867 | €16,533 | +€6,665 | +67.5% |
| Taxes | 450/3 | €7,113 | €10,198 | +€3,085 | +43.4% |
| Remuneration and social security | 454/9 | €2,754 | €6,334 | +€3,580 | +130.0% |
| Remuneration, social security and pensions | 62 | €80,395 | €108,880 | +€28,485 | +35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,015 | €1,304 | +€289 | +28.5% |
| Other operating charges | 640/8 | €792 | €3,341 | +€2,549 | +321.7% |
| Gross operating margin | 9900 | €77,955 | €122,286 | +€44,331 | +56.9% |
| Operating profit (loss) | 9901 | -€4,247 | €8,761 | +€13,008 | |
| Financial income | 75/76B | €5,563 | €453 | -€5,110 | -91.9% |
| Recurring financial income | 75 | €1,246 | €453 | -€793 | -63.6% |
| Non-recurring financial income | 76B | €4,316 | - | -€4,316 | |
| Financial charges | 65/66B | €1,115 | €740 | -€375 | -33.6% |
| Recurring financial charges | 65 | €1,115 | €740 | -€375 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €201 | €8,474 | +€8,274 | +4121.3% |
| Income taxes | 67/77 | €201 | €1,101 | +€900 | +448.5% |
| Profit (loss) for the period | 9904 | - | €7,373 | +€7,373 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €7,373 | +€7,373 |
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 10 October 2026 via checked.be.