See3D.be: 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.
See3D.be
Largest movements
- Cash -€18,946
down €18,946 (-9.6%), from €198,265 to €179,320
mainly Investment in fixed assets (net) (-€45,491) and Trade debts (-€31,153)
- Receivables within one year -€13,440
down €13,440 (-14.5%), from €92,766 to €79,326
of which Trade receivables: -€11,117
- Tangible fixed assets +€11,277
up €11,277 (+6.5%), from €172,770 to €184,047
of which Leasing and similar rights: +€31,729
- Trade debts -€31,153
down €31,153 (-19.8%), from €157,181 to €126,029
- Profit (loss) carried forward -€27,699
down €27,699, from €3,149 to -€24,550
- Current portion of long-term debt +€22,787
up €22,787 (+153%), from €14,931 to €37,718
- Tax, wage and social debts +€15,719
up €15,719 (+19.1%), from €82,201 to €97,921
- Gross operating margin -€44,987
down €44,987 (-66.2%), from €67,915 to €22,928
- Taxes -€7,463
down €7,463 (-94.3%), from €7,913 to €449
- Depreciation +€6,549
up €6,549 (+23.6%), from €27,715 to €34,264
- Other operating charges -€1,687
down €1,687 (-34.2%), from €4,929 to €3,242
- Financial charges +€873
up €873 (+7.4%), from €11,799 to €12,672
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 | €482,199 | €456,451 | -€25,748 | -5.3% |
| Fixed assets | 21/28 | €172,820 | €184,047 | +€11,227 | +6.5% |
| Intangible fixed assets | 21 | €50 | €0 | -€50 | -100% |
| Tangible fixed assets | 22/27 | €172,770 | €184,047 | +€11,277 | +6.5% |
| Land and buildings | 22 | €113,062 | €106,175 | -€6,887 | -6.1% |
| Plant, machinery and equipment | 23 | €39,697 | €33,662 | -€6,035 | -15.2% |
| Furniture and vehicles | 24 | €13,972 | €6,442 | -€7,530 | -53.9% |
| Leasing and similar rights | 25 | €6,039 | €37,769 | +€31,729 | +525% |
| Current assets | 29/58 | €309,379 | €272,403 | -€36,976 | -12.0% |
| Amounts receivable within one year | 40/41 | €92,766 | €79,326 | -€13,440 | -14.5% |
| Trade receivables | 40 | €79,286 | €68,168 | -€11,117 | -14.0% |
| Other amounts receivable | 41 | €13,481 | €11,158 | -€2,323 | -17.2% |
| Cash at bank and in hand | 54/58 | €198,265 | €179,320 | -€18,946 | -9.6% |
| Deferred charges and accrued income | 490/1 | €18,347 | €13,757 | -€4,590 | -25.0% |
| Total equity and liabilities | 10/49 | €482,199 | €456,451 | -€25,748 | -5.3% |
| Equity | 10/15 | €81,879 | €54,180 | -€27,699 | -33.8% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Reserves | 13 | €77,480 | €77,480 | = | 0.0% |
| Distributable reserves | 133 | €77,480 | €77,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,149 | -€24,550 | -€27,699 | |
| Amounts payable | 17/49 | €400,320 | €402,271 | +€1,951 | +0.5% |
| Amounts payable after more than one year | 17 | €144,152 | €140,603 | -€3,549 | -2.5% |
| Financial debts | 170/4 | €144,152 | €140,603 | -€3,549 | -2.5% |
| Amounts payable within one year | 42/48 | €256,168 | €261,668 | +€5,500 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €14,931 | €37,718 | +€22,787 | +153% |
| Trade debts | 44 | €157,181 | €126,029 | -€31,153 | -19.8% |
| Suppliers | 440/4 | €157,181 | €126,029 | -€31,153 | -19.8% |
| Taxes, remuneration and social security | 45 | €82,201 | €97,921 | +€15,719 | +19.1% |
| Taxes | 450/3 | €82,201 | €97,921 | +€15,719 | +19.1% |
| Other amounts payable | 47/48 | €1,854 | - | -€1,854 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,715 | €34,264 | +€6,549 | +23.6% |
| Other operating charges | 640/8 | €4,929 | €3,242 | -€1,687 | -34.2% |
| Gross operating margin | 9900 | €67,915 | €22,928 | -€44,987 | -66.2% |
| Operating profit (loss) | 9901 | €35,271 | -€14,578 | -€49,849 | |
| Financial charges | 65/66B | €11,799 | €12,672 | +€873 | +7.4% |
| Recurring financial charges | 65 | €11,799 | €12,672 | +€873 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €23,472 | -€27,250 | -€50,722 | |
| Income taxes | 67/77 | €7,913 | €449 | -€7,463 | -94.3% |
| Profit (loss) for the period | 9904 | €15,560 | -€27,699 | -€43,259 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,560 | -€27,699 | -€43,259 |
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 19 October 2026 via checked.be.