Third Bridge Belgium: 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.
Third Bridge Belgium
Largest movements
- Receivables within one year +€184,244
up €184,244 (+52.1%), from €353,593 to €537,837
- Cash -€106,666
down €106,666 (-61.1%), from €174,675 to €68,009
mainly Receivables within one year (-€184,244) and Trade debts (-€2,711)
- Profit (loss) carried forward +€49,473
up €49,473 (+40.9%), from €121,010 to €170,484
- Tax, wage and social debts +€28,211
up €28,211 (+12.8%), from €221,256 to €249,468
of which Taxes: +€15,262
- Staff costs -€29,150
down €29,150 (-37.9%), from €76,982 to €47,832
- Taxes +€9,449
up €9,449 (+103%), from €9,213 to €18,662
- Gross operating margin +€5,902
up €5,902 (+5.0%), from €118,228 to €124,131
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 | €528,268 | €605,846 | +€77,578 | +14.7% |
| Current assets | 29/58 | €528,268 | €605,846 | +€77,578 | +14.7% |
| Amounts receivable within one year | 40/41 | €353,593 | €537,837 | +€184,244 | +52.1% |
| Other amounts receivable | 41 | €353,593 | €537,837 | +€184,244 | +52.1% |
| Cash at bank and in hand | 54/58 | €174,675 | €68,009 | -€106,666 | -61.1% |
| Total equity and liabilities | 10/49 | €528,268 | €605,846 | +€77,578 | +14.7% |
| Equity | 10/15 | €297,379 | €349,457 | +€52,077 | +17.5% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Capital | 10 | €170,000 | €170,000 | = | 0.0% |
| Issued capital | 100 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €6,369 | €8,973 | +€2,604 | +40.9% |
| Non-distributable reserves | 130/1 | €6,369 | €8,973 | +€2,604 | +40.9% |
| Legal reserve | 130 | €6,369 | €8,973 | +€2,604 | +40.9% |
| Profit (loss) carried forward | 14 | €121,010 | €170,484 | +€49,473 | +40.9% |
| Amounts payable | 17/49 | €230,889 | €256,389 | +€25,501 | +11.0% |
| Amounts payable within one year | 42/48 | €230,889 | €256,389 | +€25,501 | +11.0% |
| Trade debts | 44 | €9,632 | €6,922 | -€2,711 | -28.1% |
| Suppliers | 440/4 | €9,632 | €6,922 | -€2,711 | -28.1% |
| Taxes, remuneration and social security | 45 | €221,256 | €249,468 | +€28,211 | +12.8% |
| Taxes | 450/3 | €0 | €15,262 | +€15,262 | |
| Remuneration and social security | 454/9 | €221,256 | €234,205 | +€12,949 | +5.9% |
| Remuneration, social security and pensions | 62 | €76,982 | €47,832 | -€29,150 | -37.9% |
| Other operating charges | 640/8 | €544 | €475 | -€69 | -12.7% |
| Gross operating margin | 9900 | €118,228 | €124,131 | +€5,902 | +5.0% |
| Operating profit (loss) | 9901 | €40,702 | €75,824 | +€35,122 | +86.3% |
| Financial charges | 65/66B | €4,112 | €5,085 | +€973 | +23.7% |
| Recurring financial charges | 65 | €4,112 | €5,085 | +€973 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €36,590 | €70,739 | +€34,149 | +93.3% |
| Income taxes | 67/77 | €9,213 | €18,662 | +€9,449 | +103% |
| Profit (loss) for the period | 9904 | €27,377 | €52,077 | +€24,700 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,377 | €52,077 | +€24,700 | +90.2% |
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 23 October 2026 via checked.be.