T-3S: 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.
T-3S
Largest movements
- Receivables within one year +€3,858
up €3,858 (+301.8%), from €1,279 to €5,137
of which Trade receivables: +€3,754
- Tangible fixed assets -€3,848
down €3,848 (-40.6%), from €9,484 to €5,635
of which Furniture and vehicles: -€2,284
- Stocks and contracts -€2,381
down €2,381 (-29.0%), from €8,216 to €5,835
- Other debts -€11,675
down €11,675 (-44.1%), from €26,457 to €14,782
- Profit (loss) carried forward +€9,930
up €9,930 (+27.7%), from -€35,872 to -€25,942
- Trade debts -€429
down €429 (-30.1%), from €1,428 to €999
- Staff costs -€19,630
no longer reported in 2025 (was €19,630)
- Gross operating margin +€7,420
up €7,420 (+98.6%), from €7,523 to €14,943
- Depreciation -€3,179
down €3,179 (-34.6%), from €9,195 to €6,017
- Financial income +€1,422
up €1,422 (+4741100.0%), from €0 to €1,422
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 | €40,160 | €37,661 | -€2,499 | -6.2% |
| Fixed assets | 21/28 | €9,516 | €5,668 | -€3,848 | -40.4% |
| Tangible fixed assets | 22/27 | €9,484 | €5,635 | -€3,848 | -40.6% |
| Plant, machinery and equipment | 23 | €6,201 | €4,637 | -€1,564 | -25.2% |
| Furniture and vehicles | 24 | €3,283 | €999 | -€2,284 | -69.6% |
| Financial fixed assets | 28 | €33 | €33 | = | 0.0% |
| Current assets | 29/58 | €30,643 | €31,993 | +€1,350 | +4.4% |
| Stocks and contracts in progress | 3 | €8,216 | €5,835 | -€2,381 | -29.0% |
| Stocks | 30/36 | €8,216 | €5,835 | -€2,381 | -29.0% |
| Amounts receivable within one year | 40/41 | €1,279 | €5,137 | +€3,858 | +301.8% |
| Trade receivables | 40 | €1,279 | €5,033 | +€3,754 | +293.6% |
| Other amounts receivable | 41 | - | €104 | +€104 | |
| Cash at bank and in hand | 54/58 | €21,149 | €21,021 | -€128 | -0.6% |
| Total equity and liabilities | 10/49 | €40,160 | €37,661 | -€2,499 | -6.2% |
| Equity | 10/15 | €10,008 | €19,938 | +€9,930 | +99.2% |
| Contributions | 10/11 | €38,220 | €38,220 | = | 0.0% |
| Reserves | 13 | €7,660 | €7,660 | = | 0.0% |
| Distributable reserves | 133 | €7,660 | €7,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,872 | -€25,942 | +€9,930 | +27.7% |
| Amounts payable | 17/49 | €30,152 | €17,723 | -€12,429 | -41.2% |
| Amounts payable within one year | 42/48 | €30,152 | €17,723 | -€12,429 | -41.2% |
| Trade debts | 44 | €1,428 | €999 | -€429 | -30.1% |
| Suppliers | 440/4 | €1,428 | €999 | -€429 | -30.1% |
| Taxes, remuneration and social security | 45 | €2,267 | €1,942 | -€325 | -14.3% |
| Taxes | 450/3 | €2,267 | €1,942 | -€325 | -14.3% |
| Other amounts payable | 47/48 | €26,457 | €14,782 | -€11,675 | -44.1% |
| Remuneration, social security and pensions | 62 | €19,630 | - | -€19,630 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,195 | €6,017 | -€3,179 | -34.6% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €7,523 | €14,943 | +€7,420 | +98.6% |
| Operating profit (loss) | 9901 | -€21,443 | €8,783 | +€30,226 | |
| Financial income | 75/76B | €0 | €1,422 | +€1,422 | +4741100.0% |
| Recurring financial income | 75 | €0 | €1,422 | +€1,422 | +4741100.0% |
| Financial charges | 65/66B | €188 | €46 | -€142 | -75.6% |
| Recurring financial charges | 65 | €188 | €46 | -€142 | -75.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,631 | €10,159 | +€31,790 | |
| Income taxes | 67/77 | €250 | €229 | -€21 | -8.3% |
| Profit (loss) for the period | 9904 | -€21,881 | €9,930 | +€31,810 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,881 | €9,930 | +€31,810 |
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 11 October 2026 via checked.be.