V3 Finance: 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.
V3 Finance
Largest movements
- Financial fixed assets +€5.2m
up €5.2m (+13.5%), from €38.7m to €43.9m
- Debts after one year +€6.2m
up €6.2m (+16.6%), from €37.4m to €43.6m
- Current portion of long-term debt -€1.1m
down €1.1m (-72.7%), from €1.6m to €428,707
- Financial income +€295,235
up €295,235 (+11.1%), from €2.7m to €3.0m
- Financial charges +€174,273
up €174,273 (+6.7%), from €2.6m to €2.8m
- Taxes +€29,907
up €29,907 (+202%), from €14,821 to €44,728
- Gross operating margin -€204
down €204 (-15.4%), from -€1,323 to -€1,527
- Other operating charges +€31
up €31 (+3.2%), from €968 to €998
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 | €39,058,819 | €44,240,200 | +€5.2m | +13.3% |
| Fixed assets | 21/28 | €38,695,769 | €43,905,099 | +€5.2m | +13.5% |
| Financial fixed assets | 28 | €38,695,769 | €43,905,099 | +€5.2m | +13.5% |
| Current assets | 29/58 | €363,050 | €335,101 | -€27,949 | -7.7% |
| Amounts receivable within one year | 40/41 | €299,405 | €323,314 | +€23,909 | +8.0% |
| Other amounts receivable | 41 | €299,405 | €323,314 | +€23,909 | +8.0% |
| Current investments | 50/53 | €60,000 | - | -€60,000 | |
| Cash at bank and in hand | 54/58 | €3,645 | €11,788 | +€8,142 | +223% |
| Total equity and liabilities | 10/49 | €39,058,819 | €44,240,200 | +€5.2m | +13.3% |
| Equity | 10/15 | €87,277 | €221,461 | +€134,184 | +154% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,277 | €218,461 | +€134,184 | +159% |
| Amounts payable | 17/49 | €38,971,542 | €44,018,739 | +€5.0m | +13.0% |
| Amounts payable after more than one year | 17 | €37,394,229 | €43,589,687 | +€6.2m | +16.6% |
| Financial debts | 170/4 | €37,394,229 | €43,589,687 | +€6.2m | +16.6% |
| Amounts payable within one year | 42/48 | €1,577,313 | €429,052 | -€1.1m | -72.8% |
| Current portion of amounts payable after more than one year | 42 | €1,572,550 | €428,707 | -€1.1m | -72.7% |
| Trade debts | 44 | €323 | €145 | -€178 | -55.1% |
| Suppliers | 440/4 | €323 | €145 | -€178 | -55.1% |
| Taxes, remuneration and social security | 45 | €4,440 | €200 | -€4,240 | -95.5% |
| Taxes | 450/3 | €4,440 | €200 | -€4,240 | -95.5% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€1,323 | -€1,527 | -€204 | -15.4% |
| Operating profit (loss) | 9901 | -€2,291 | -€2,525 | -€235 | -10.2% |
| Financial income | 75/76B | €2,664,089 | €2,959,324 | +€295,235 | +11.1% |
| Recurring financial income | 75 | €2,664,089 | €2,959,324 | +€295,235 | +11.1% |
| Financial charges | 65/66B | €2,603,614 | €2,777,887 | +€174,273 | +6.7% |
| Recurring financial charges | 65 | €2,603,614 | €2,777,887 | +€174,273 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €58,185 | €178,912 | +€120,727 | +207% |
| Income taxes | 67/77 | €14,821 | €44,728 | +€29,907 | +202% |
| Profit (loss) for the period | 9904 | €43,364 | €134,184 | +€90,820 | +209% |
| Profit (loss) for the period to be appropriated | 9905 | €43,364 | €134,184 | +€90,820 | +209% |
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 28 October 2026 via checked.be.