PE3Q: 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.
PE3Q
Largest movements
- Cash -€79,837
down €79,837 (-99.7%), from €80,062 to €226
mainly Net result for the year (-€68,343) and Trade debts (-€36,984)
- Tangible fixed assets -€8,110
down €8,110 (-46.2%), from €17,541 to €9,431
- Deferred charges and accrued income +€3,544
up €3,544 (+80.4%), from €4,409 to €7,953
- Profit (loss) carried forward -€68,343
down €68,343, from €49,151 to -€19,192
- Other debts +€45,919
up €45,919, from €0 to €45,919
- Trade debts -€36,984
down €36,984 (-99.2%), from €37,291 to €307
- Short-term financial debts -€17,477
down €17,477 (-100%), from €17,477 to €0
- Tax, wage and social debts -€4,788
down €4,788 (-100%), from €4,788 to €0
- Gross operating margin -€51,638
down €51,638, from €2,120 to -€49,518
- Other operating charges +€8,496
new in 2025: €8,496
- Depreciation +€3,470
up €3,470 (+69.1%), from €5,026 to €8,496
- Financial charges +€1,460
up €1,460 (+389%), from €375 to €1,836
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 | €114,692 | €30,978 | -€83,714 | -73.0% |
| Fixed assets | 21/28 | €22,624 | €14,127 | -€8,496 | -37.6% |
| Intangible fixed assets | 21 | €1,673 | €1,287 | -€386 | -23.1% |
| Tangible fixed assets | 22/27 | €17,541 | €9,431 | -€8,110 | -46.2% |
| Furniture and vehicles | 24 | €17,541 | €9,431 | -€8,110 | -46.2% |
| Financial fixed assets | 28 | €3,410 | €3,410 | = | 0.0% |
| Current assets | 29/58 | €92,069 | €16,850 | -€75,218 | -81.7% |
| Amounts receivable within one year | 40/41 | €7,597 | €8,671 | +€1,075 | +14.1% |
| Trade receivables | 40 | €6,283 | €8,385 | +€2,102 | +33.5% |
| Other amounts receivable | 41 | €1,313 | €286 | -€1,027 | -78.2% |
| Cash at bank and in hand | 54/58 | €80,062 | €226 | -€79,837 | -99.7% |
| Deferred charges and accrued income | 490/1 | €4,409 | €7,953 | +€3,544 | +80.4% |
| Total equity and liabilities | 10/49 | €114,692 | €30,978 | -€83,714 | -73.0% |
| Equity | 10/15 | €51,651 | -€16,692 | -€68,343 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,151 | -€19,192 | -€68,343 | |
| Amounts payable | 17/49 | €63,041 | €47,670 | -€15,372 | -24.4% |
| Amounts payable within one year | 42/48 | €59,556 | €46,225 | -€13,330 | -22.4% |
| Financial debts | 43 | €17,477 | €0 | -€17,477 | -100% |
| Credit institutions | 430/8 | €17,477 | €0 | -€17,477 | -100% |
| Trade debts | 44 | €37,291 | €307 | -€36,984 | -99.2% |
| Suppliers | 440/4 | €37,291 | €307 | -€36,984 | -99.2% |
| Taxes, remuneration and social security | 45 | €4,788 | €0 | -€4,788 | -100% |
| Taxes | 450/3 | €4,788 | €0 | -€4,788 | -100% |
| Other amounts payable | 47/48 | €0 | €45,919 | +€45,919 | |
| Accrued charges and deferred income | 492/3 | €3,486 | €1,444 | -€2,042 | -58.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,026 | €8,496 | +€3,470 | +69.1% |
| Other operating charges | 640/8 | - | €8,496 | +€8,496 | |
| Gross operating margin | 9900 | €2,120 | -€49,518 | -€51,638 | |
| Operating profit (loss) | 9901 | -€2,906 | -€66,510 | -€63,604 | -2,189% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €375 | €1,836 | +€1,460 | +389% |
| Recurring financial charges | 65 | €375 | €1,836 | +€1,460 | +389% |
| Profit (loss) for the period before taxes | 9903 | -€3,281 | -€68,343 | -€65,062 | -1,983% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,281 | -€68,343 | -€65,062 | -1,983% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,281 | -€68,343 | -€65,062 | -1,983% |
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 22 October 2026 via checked.be.