3J: what changed
3J
Largest movements
- Cash -€16,121
down €16,121 (-41.4%), from €38,920 to €22,799
mainly Debts after one year (-€13,482) and Receivables within one year (-€8,607)
- Receivables within one year +€8,607
up €8,607 (+699%), from €1,232 to €9,839
of which Other amounts receivable: +€5,272
- Intangible fixed assets -€5,451
down €5,451 (-11.7%), from €46,438 to €40,988
- Tangible fixed assets -€3,172
down €3,172 (-19.0%), from €16,676 to €13,503
of which Plant, machinery and equipment: -€4,876
- Stocks and contracts +€2,874
up €2,874 (+52.0%), from €5,521 to €8,395
- Debts after one year -€13,482
down €13,482 (-25.4%), from €53,088 to €39,605
- Other debts -€8,336
no longer reported in 2025 (was €8,336)
- Trade debts +€5,846
up €5,846 (+61.5%), from €9,504 to €15,351
- Tax, wage and social debts +€2,403
up €2,403 (+32.8%), from €7,316 to €9,719
of which Taxes: +€1,456
- Profit (loss) carried forward -€1,321
down €1,321 (-7.7%), from €17,234 to €15,913
- Gross operating margin -€32,604
down €32,604 (-41.7%), from €78,158 to €45,554
- Staff costs -€11,798
down €11,798 (-33.8%), from €34,866 to €23,067
- Other operating charges -€10,677
down €10,677 (-91.8%), from €11,632 to €955
- Depreciation +€7,862
up €7,862 (+100%), from €7,852 to €15,713
- Taxes -€3,580
down €3,580 (-77.6%), from €4,616 to €1,035
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 | €111,272 | €97,070 | -€14,202 | -12.8% |
| Formation expenses | 20 | €966 | - | -€966 | |
| Fixed assets | 21/28 | €63,114 | €54,491 | -€8,623 | -13.7% |
| Intangible fixed assets | 21 | €46,438 | €40,988 | -€5,451 | -11.7% |
| Tangible fixed assets | 22/27 | €16,676 | €13,503 | -€3,172 | -19.0% |
| Plant, machinery and equipment | 23 | €16,676 | €11,800 | -€4,876 | -29.2% |
| Furniture and vehicles | 24 | - | €1,704 | +€1,704 | |
| Current assets | 29/58 | €47,192 | €42,579 | -€4,613 | -9.8% |
| Stocks and contracts in progress | 3 | €5,521 | €8,395 | +€2,874 | +52.0% |
| Stocks | 30/36 | €5,521 | €8,395 | +€2,874 | +52.0% |
| Amounts receivable within one year | 40/41 | €1,232 | €9,839 | +€8,607 | +699% |
| Trade receivables | 40 | €624 | €3,959 | +€3,335 | +534% |
| Other amounts receivable | 41 | €608 | €5,880 | +€5,272 | +867% |
| Cash at bank and in hand | 54/58 | €38,920 | €22,799 | -€16,121 | -41.4% |
| Deferred charges and accrued income | 490/1 | €1,519 | €1,545 | +€27 | +1.8% |
| Total equity and liabilities | 10/49 | €111,272 | €97,070 | -€14,202 | -12.8% |
| Equity | 10/15 | €20,234 | €18,913 | -€1,321 | -6.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,234 | €15,913 | -€1,321 | -7.7% |
| Amounts payable | 17/49 | €91,038 | €78,157 | -€12,881 | -14.1% |
| Amounts payable after more than one year | 17 | €53,088 | €39,605 | -€13,482 | -25.4% |
| Financial debts | 170/4 | €53,088 | €39,605 | -€13,482 | -25.4% |
| Amounts payable within one year | 42/48 | €37,950 | €38,552 | +€601 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €12,794 | €13,482 | +€688 | +5.4% |
| Trade debts | 44 | €9,504 | €15,351 | +€5,846 | +61.5% |
| Suppliers | 440/4 | €9,504 | €15,351 | +€5,846 | +61.5% |
| Taxes, remuneration and social security | 45 | €7,316 | €9,719 | +€2,403 | +32.8% |
| Taxes | 450/3 | €5,091 | €6,548 | +€1,456 | +28.6% |
| Remuneration and social security | 454/9 | €2,225 | €3,171 | +€946 | +42.5% |
| Other amounts payable | 47/48 | €8,336 | - | -€8,336 | |
| Remuneration, social security and pensions | 62 | €34,866 | €23,067 | -€11,798 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,852 | €15,713 | +€7,862 | +100% |
| Other operating charges | 640/8 | €11,632 | €955 | -€10,677 | -91.8% |
| Gross operating margin | 9900 | €78,158 | €45,554 | -€32,604 | -41.7% |
| Operating profit (loss) | 9901 | €23,808 | €5,818 | -€17,990 | -75.6% |
| Financial income | 75/76B | - | €160 | +€160 | |
| Recurring financial income | 75 | - | €160 | +€160 | |
| Financial charges | 65/66B | €1,958 | €4,546 | +€2,588 | +132% |
| Recurring financial charges | 65 | €1,958 | €4,546 | +€2,588 | +132% |
| Profit (loss) for the period before taxes | 9903 | €21,850 | €1,432 | -€20,418 | -93.4% |
| Income taxes | 67/77 | €4,616 | €1,035 | -€3,580 | -77.6% |
| Profit (loss) for the period | 9904 | €17,234 | €397 | -€16,837 | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,234 | €397 | -€16,837 | -97.7% |
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.