LES 3 SIRENES: 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.
LES 3 SIRENES
Largest movements
- Cash +€4,201
up €4,201 (+20.3%), from €20,662 to €24,863
- Receivables within one year -€2,040
down €2,040 (-26.4%), from €7,742 to €5,702
of which Other amounts receivable: -€3,596
- Stocks and contracts -€1,971
down €1,971 (-20.1%), from €9,795 to €7,824
- Tangible fixed assets -€1,062
no longer reported in 2025 (was €1,062)
- Trade debts -€3,685
down €3,685 (-96.8%), from €3,807 to €122
- Profit (loss) carried forward +€1,755
up €1,755 (+11.1%), from €15,810 to €17,566
- Tax, wage and social debts +€1,057
up €1,057 (+101%), from €1,045 to €2,102
- Gross operating margin +€9,739
up €9,739, from -€8,191 to €1,548
- Depreciation -€2,124
no longer reported in 2025 (was €2,124)
- Taxes -€937
down €937 (-52.5%), from €1,785 to €848
- Other operating charges -€316
down €316 (-60.7%), from €522 to €205
- Financial income +€90
up €90 (+124%), from €73 to €163
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,262 | €38,390 | -€873 | -2.2% |
| Fixed assets | 21/28 | €1,062 | - | -€1,062 | |
| Tangible fixed assets | 22/27 | €1,062 | - | -€1,062 | |
| Furniture and vehicles | 24 | €1,062 | - | -€1,062 | |
| Current assets | 29/58 | €38,200 | €38,390 | +€190 | +0.5% |
| Stocks and contracts in progress | 3 | €9,795 | €7,824 | -€1,971 | -20.1% |
| Stocks | 30/36 | €9,795 | €7,824 | -€1,971 | -20.1% |
| Amounts receivable within one year | 40/41 | €7,742 | €5,702 | -€2,040 | -26.4% |
| Trade receivables | 40 | €230 | €1,787 | +€1,556 | +676% |
| Other amounts receivable | 41 | €7,512 | €3,916 | -€3,596 | -47.9% |
| Cash at bank and in hand | 54/58 | €20,662 | €24,863 | +€4,201 | +20.3% |
| Total equity and liabilities | 10/49 | €39,262 | €38,390 | -€873 | -2.2% |
| Equity | 10/15 | €34,410 | €36,166 | +€1,755 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,810 | €17,566 | +€1,755 | +11.1% |
| Amounts payable | 17/49 | €4,852 | €2,224 | -€2,628 | -54.2% |
| Amounts payable within one year | 42/48 | €4,852 | €2,224 | -€2,628 | -54.2% |
| Trade debts | 44 | €3,807 | €122 | -€3,685 | -96.8% |
| Suppliers | 440/4 | €3,807 | €122 | -€3,685 | -96.8% |
| Taxes, remuneration and social security | 45 | €1,045 | €2,102 | +€1,057 | +101% |
| Taxes | 450/3 | €1,045 | €2,102 | +€1,057 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,124 | - | -€2,124 | |
| Other operating charges | 640/8 | €522 | €205 | -€316 | -60.7% |
| Gross operating margin | 9900 | -€8,191 | €1,548 | +€9,739 | |
| Operating profit (loss) | 9901 | -€10,837 | €1,343 | +€12,179 | |
| Financial income | 75/76B | €73 | €163 | +€90 | +124% |
| Recurring financial income | 75 | €73 | €163 | +€90 | +124% |
| Financial charges | 65/66B | €176 | €163 | -€13 | -7.1% |
| Recurring financial charges | 65 | €176 | €163 | -€13 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,939 | €1,343 | +€12,282 | |
| Income taxes | 67/77 | €1,785 | €848 | -€937 | -52.5% |
| Profit (loss) for the period | 9904 | -€12,724 | €495 | +€13,219 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,724 | €495 | +€13,219 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.