LES TROIS B: 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 TROIS B
Largest movements
- Receivables within one year +€222,611
up €222,611 (+85.3%), from €260,903 to €483,514
of which Trade receivables: +€222,395
- Tangible fixed assets -€180,157
down €180,157 (-7.0%), from €2.6m to €2.4m
of which Leasing and similar rights: -€99,159
- Trade debts +€131,762
up €131,762 (+25.9%), from €507,949 to €639,711
- Debts after one year -€131,140
down €131,140 (-4.0%), from €3.3m to €3.2m
- Short-term financial debts +€62,465
up €62,465 (+40.4%), from €154,597 to €217,062
- Other debts -€34,438
down €34,438 (-15.0%), from €230,099 to €195,660
- Gross operating margin +€264,974
up €264,974 (+25.9%), from €1.0m to €1.3m
- Other operating charges -€41,745
down €41,745 (-53.7%), from €77,785 to €36,040
- Financial charges -€22,995
down €22,995 (-13.9%), from €165,175 to €142,180
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,891,240 | €2,943,644 | +€52,403 | +1.8% |
| Fixed assets | 21/28 | €2,590,912 | €2,410,194 | -€180,717 | -7.0% |
| Intangible fixed assets | 21 | €7,836 | €7,276 | -€560 | -7.1% |
| Tangible fixed assets | 22/27 | €2,583,076 | €2,402,919 | -€180,157 | -7.0% |
| Plant, machinery and equipment | 23 | €8,354 | €6,678 | -€1,676 | -20.1% |
| Furniture and vehicles | 24 | €70,256 | €56,366 | -€13,890 | -19.8% |
| Leasing and similar rights | 25 | €2,048,449 | €1,949,290 | -€99,159 | -4.8% |
| Other tangible fixed assets | 26 | €456,017 | €390,585 | -€65,432 | -14.3% |
| Current assets | 29/58 | €300,328 | €533,449 | +€233,121 | +77.6% |
| Stocks and contracts in progress | 3 | €10,835 | €17,116 | +€6,281 | +58.0% |
| Stocks | 30/36 | €10,835 | €17,116 | +€6,281 | +58.0% |
| Amounts receivable within one year | 40/41 | €260,903 | €483,514 | +€222,611 | +85.3% |
| Trade receivables | 40 | €260,603 | €482,998 | +€222,395 | +85.3% |
| Other amounts receivable | 41 | €300 | €516 | +€216 | +71.9% |
| Deferred charges and accrued income | 490/1 | €28,590 | €32,819 | +€4,229 | +14.8% |
| Total equity and liabilities | 10/49 | €2,891,240 | €2,943,644 | +€52,403 | +1.8% |
| Equity | 10/15 | -€1,543,370 | -€1,537,219 | +€6,151 | +0.4% |
| Contributions | 10/11 | €246,000 | €246,000 | = | 0.0% |
| Capital | 10 | €246,000 | €246,000 | = | 0.0% |
| Issued capital | 100 | €246,000 | €246,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,810,094 | -€1,793,581 | +€16,514 | +0.9% |
| Investment grants | 15 | €20,724 | €10,362 | -€10,362 | -50.0% |
| Amounts payable | 17/49 | €4,434,610 | €4,480,862 | +€46,252 | +1.0% |
| Amounts payable after more than one year | 17 | €3,299,653 | €3,168,513 | -€131,140 | -4.0% |
| Financial debts | 170/4 | €3,299,653 | €3,168,513 | -€131,140 | -4.0% |
| Amounts payable within one year | 42/48 | €1,123,467 | €1,302,149 | +€178,682 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €126,718 | €130,853 | +€4,135 | +3.3% |
| Financial debts | 43 | €154,597 | €217,062 | +€62,465 | +40.4% |
| Credit institutions | 430/8 | €154,597 | €217,062 | +€62,465 | +40.4% |
| Trade debts | 44 | €507,949 | €639,711 | +€131,762 | +25.9% |
| Suppliers | 440/4 | €507,949 | €639,711 | +€131,762 | +25.9% |
| Taxes, remuneration and social security | 45 | €104,105 | €118,863 | +€14,758 | +14.2% |
| Taxes | 450/3 | €34,000 | €49,002 | +€15,002 | +44.1% |
| Remuneration and social security | 454/9 | €70,105 | €69,861 | -€244 | -0.3% |
| Other amounts payable | 47/48 | €230,099 | €195,660 | -€34,438 | -15.0% |
| Accrued charges and deferred income | 492/3 | €11,490 | €10,200 | -€1,290 | -11.2% |
| Non-recurring operating income | 76A | - | €210,750 | +€210,750 | |
| Remuneration, social security and pensions | 62 | €858,049 | €855,032 | -€3,016 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241,187 | €248,543 | +€7,356 | +3.0% |
| Other operating charges | 640/8 | €77,785 | €36,040 | -€41,745 | -53.7% |
| Gross operating margin | 9900 | €1,023,689 | €1,288,663 | +€264,974 | +25.9% |
| Operating profit (loss) | 9901 | -€153,331 | €149,048 | +€302,379 | |
| Financial income | 75/76B | €10,391 | €10,363 | -€27 | -0.3% |
| Recurring financial income | 75 | €10,391 | €10,363 | -€27 | -0.3% |
| Financial charges | 65/66B | €165,175 | €142,180 | -€22,995 | -13.9% |
| Recurring financial charges | 65 | €165,175 | €142,180 | -€22,995 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€308,115 | €17,232 | +€325,347 | |
| Income taxes | 67/77 | €734 | €718 | -€16 | -2.1% |
| Profit (loss) for the period | 9904 | -€308,849 | €16,514 | +€325,363 | |
| Profit (loss) for the period to be appropriated | 9905 | -€308,849 | €16,514 | +€325,363 |
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 27 October 2026 via checked.be.