3W: what changed
3W
Largest movements
- Current investments +€98,720
up €98,720 (+1,523%), from €6,480 to €105,200
- Receivables within one year -€82,164
down €82,164 (-77.6%), from €105,948 to €23,784
of which Other amounts receivable: -€91,494
- Cash +€31,647
up €31,647 (+96.7%), from €32,733 to €64,380
mainly Receivables within one year (+€82,164) and Net result for the year (+€40,879)
- Tangible fixed assets +€3,491
up €3,491 (+26.5%), from €13,152 to €16,644
of which Plant, machinery and equipment: +€6,593
- Reserves +€105,000
up €105,000 (+5,645%), from €1,860 to €106,860
- Profit (loss) carried forward -€64,121
down €64,121 (-54.1%), from €118,625 to €54,505
- Accrued charges and deferred income +€10,000
up €10,000 (+66.7%), from €15,000 to €25,000
- Gross operating margin -€23,635
down €23,635 (-26.9%), from €87,984 to €64,349
- Taxes -€21,615
down €21,615 (-58.9%), from €36,707 to €15,092
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,614 | €210,308 | +€51,694 | +32.6% |
| Fixed assets | 21/28 | €13,452 | €16,944 | +€3,491 | +26.0% |
| Tangible fixed assets | 22/27 | €13,152 | €16,644 | +€3,491 | +26.5% |
| Plant, machinery and equipment | 23 | €1,035 | €7,628 | +€6,593 | +637% |
| Furniture and vehicles | 24 | €12,117 | €9,016 | -€3,101 | -25.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €145,162 | €193,364 | +€48,202 | +33.2% |
| Amounts receivable within one year | 40/41 | €105,948 | €23,784 | -€82,164 | -77.6% |
| Trade receivables | 40 | €7,003 | €16,333 | +€9,329 | +133% |
| Other amounts receivable | 41 | €98,945 | €7,451 | -€91,494 | -92.5% |
| Current investments | 50/53 | €6,480 | €105,200 | +€98,720 | +1,523% |
| Cash at bank and in hand | 54/58 | €32,733 | €64,380 | +€31,647 | +96.7% |
| Total equity and liabilities | 10/49 | €158,614 | €210,308 | +€51,694 | +32.6% |
| Equity | 10/15 | €126,685 | €167,565 | +€40,879 | +32.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €106,860 | +€105,000 | +5,645% |
| Non-distributable reserves | 130/1 | €1,860 | €106,860 | +€105,000 | +5,645% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | - | €105,000 | +€105,000 | |
| Profit (loss) carried forward | 14 | €118,625 | €54,505 | -€64,121 | -54.1% |
| Amounts payable | 17/49 | €31,929 | €42,743 | +€10,814 | +33.9% |
| Amounts payable within one year | 42/48 | €16,929 | €17,743 | +€814 | +4.8% |
| Trade debts | 44 | €11,425 | €12,277 | +€852 | +7.5% |
| Suppliers | 440/4 | €11,425 | €12,277 | +€852 | +7.5% |
| Taxes, remuneration and social security | 45 | €5,504 | €5,466 | -€37 | -0.7% |
| Taxes | 450/3 | €5,504 | €5,466 | -€37 | -0.7% |
| Accrued charges and deferred income | 492/3 | €15,000 | €25,000 | +€10,000 | +66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,436 | €8,891 | +€455 | +5.4% |
| Other operating charges | 640/8 | €1,214 | €1,175 | -€39 | -3.2% |
| Gross operating margin | 9900 | €87,984 | €64,349 | -€23,635 | -26.9% |
| Operating profit (loss) | 9901 | €78,335 | €54,283 | -€24,052 | -30.7% |
| Financial income | 75/76B | €1,497 | €1,928 | +€430 | +28.7% |
| Recurring financial income | 75 | €1,497 | €1,928 | +€430 | +28.7% |
| Financial charges | 65/66B | €138 | €240 | +€102 | +73.8% |
| Recurring financial charges | 65 | €138 | €240 | +€102 | +73.8% |
| Profit (loss) for the period before taxes | 9903 | €79,694 | €55,971 | -€23,723 | -29.8% |
| Income taxes | 67/77 | €36,707 | €15,092 | -€21,615 | -58.9% |
| Profit (loss) for the period | 9904 | €42,987 | €40,879 | -€2,108 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,987 | €40,879 | -€2,108 | -4.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.