s3i: 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.
s3i
Largest movements
- Cash +€183,860
up €183,860 (+179.5%), from €102,409 to €286,268
mainly Net result for the year (+€165,188) and Depreciation (+€45,531)
- Tangible fixed assets -€40,515
down €40,515 (-2.6%), from €1.6m to €1.5m
of which Land and buildings: -€41,351
- Receivables within one year +€24,139
up €24,139 (+52.0%), from €46,434 to €70,573
of which Trade receivables: +€57,694
- Profit (loss) carried forward +€165,188
up €165,188 (+24.0%), from €686,995 to €852,184
- Turnover -€406,454
no longer reported in 2025 (was €406,454)
- Purchases and services -€137,188
no longer reported in 2025 (was €137,188)
- Depreciation -€60,769
down €60,769 (-57.2%), from €106,301 to €45,531
- Taxes +€13,162
up €13,162 (+36.0%), from €36,555 to €49,717
- Gross operating margin -€4,257
down €4,257 (-1.6%), from €274,464 to €270,206
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 | €1,705,210 | €1,872,041 | +€166,831 | +9.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,555,410 | €1,514,895 | -€40,515 | -2.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,555,410 | €1,514,895 | -€40,515 | -2.6% |
| Land and buildings | 22 | €1,526,327 | €1,484,976 | -€41,351 | -2.7% |
| Furniture and vehicles | 24 | €1,922 | €5,337 | +€3,415 | +177.7% |
| Other tangible fixed assets | 26 | €27,161 | €24,581 | -€2,580 | -9.5% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €149,800 | €357,146 | +€207,346 | +138.4% |
| Amounts receivable within one year | 40/41 | €46,434 | €70,573 | +€24,139 | +52.0% |
| Trade receivables | 40 | €12,596 | €70,290 | +€57,694 | +458.0% |
| Other amounts receivable | 41 | €33,839 | €283 | -€33,555 | -99.2% |
| Cash at bank and in hand | 54/58 | €102,409 | €286,268 | +€183,860 | +179.5% |
| Deferred charges and accrued income | 490/1 | €957 | €304 | -€652 | -68.2% |
| Total equity and liabilities | 10/49 | €1,705,210 | €1,872,041 | +€166,831 | +9.8% |
| Equity | 10/15 | €811,735 | €976,924 | +€165,188 | +20.4% |
| Contributions | 10/11 | €113,400 | €113,400 | = | 0.0% |
| Reserves | 13 | €11,340 | €11,340 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €11,340 | €11,340 | = | 0.0% |
| Profit (loss) carried forward | 14 | €686,995 | €852,184 | +€165,188 | +24.0% |
| Amounts payable | 17/49 | €893,474 | €895,117 | +€1,643 | +0.2% |
| Amounts payable within one year | 42/48 | €893,474 | €895,117 | +€1,643 | +0.2% |
| Financial debts | 43 | - | €1,400 | +€1,400 | |
| Credit institutions | 430/8 | - | €1,400 | +€1,400 | |
| Trade debts | 44 | €5,093 | €13,339 | +€8,246 | +161.9% |
| Suppliers | 440/4 | €5,093 | €13,339 | +€8,246 | +161.9% |
| Taxes, remuneration and social security | 45 | €14,649 | €19,278 | +€4,630 | +31.6% |
| Taxes | 450/3 | €11,949 | €16,578 | +€4,630 | +38.7% |
| Remuneration and social security | 454/9 | €2,700 | €2,700 | = | 0.0% |
| Other amounts payable | 47/48 | €873,733 | €861,100 | -€12,633 | -1.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €406,454 | - | -€406,454 | |
| Goods, raw materials, services and sundry goods | 60/61 | €137,188 | - | -€137,188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,301 | €45,531 | -€60,769 | -57.2% |
| Other operating charges | 640/8 | €9,138 | €9,770 | +€632 | +6.9% |
| Gross operating margin | 9900 | €274,464 | €270,206 | -€4,257 | -1.6% |
| Operating profit (loss) | 9901 | €159,025 | €214,905 | +€55,880 | +35.1% |
| Financial income | 75/76B | €53 | €0 | -€53 | -99.5% |
| Recurring financial income | 75 | €53 | €0 | -€53 | -99.5% |
| Financial charges | 65/66B | €35 | €0 | -€35 | -100.0% |
| Recurring financial charges | 65 | €35 | €0 | -€35 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €159,043 | €214,905 | +€55,862 | +35.1% |
| Income taxes | 67/77 | €36,555 | €49,717 | +€13,162 | +36.0% |
| Profit (loss) for the period | 9904 | €122,488 | €165,188 | +€42,701 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €122,488 | €165,188 | +€42,701 | +34.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.