3PINES: what changed
Two fiscal 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.
3PINES
Largest movements
- Cash -€58,151
down €58,151 (-20.7%), from €280,887 to €222,736
mainly Contributions, distributions and other (-€487,815) and Investment in fixed assets (net) (-€38,970)
- Tangible fixed assets +€23,151
up €23,151 (+33.6%), from €68,929 to €92,080
- Receivables within one year +€13,309
up €13,309 (+29.1%), from €45,782 to €59,092
of which Other amounts receivable: +€11,828
- Current investments +€13,279
up €13,279 (+6.9%), from €193,203 to €206,482
- Reserves -€162,612
down €162,612 (-28.7%), from €567,141 to €404,529
- Other debts +€126,397
new in 2025: €126,397
- Tax, wage and social debts +€29,789
up €29,789 (+181.9%), from €16,373 to €46,163
- Taxes +€37,336
up €37,336 (+35.8%), from €104,199 to €141,535
- Gross operating margin +€27,898
up €27,898 (+6.1%), from €458,103 to €486,001
- Depreciation +€13,448
up €13,448 (+567.3%), from €2,371 to €15,819
- Other operating charges -€8,677
down €8,677 (-25.9%), from €33,485 to €24,808
- Financial income -€7,321
down €7,321 (-25.0%), from €29,325 to €22,003
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 | €594,951 | €587,999 | -€6,952 | -1.2% |
| Fixed assets | 21/28 | €68,929 | €92,080 | +€23,151 | +33.6% |
| Tangible fixed assets | 22/27 | €68,929 | €92,080 | +€23,151 | +33.6% |
| Furniture and vehicles | 24 | €68,929 | €92,080 | +€23,151 | +33.6% |
| Current assets | 29/58 | €526,022 | €495,919 | -€30,104 | -5.7% |
| Amounts receivable within one year | 40/41 | €45,782 | €59,092 | +€13,309 | +29.1% |
| Trade receivables | 40 | €42,924 | €44,405 | +€1,481 | +3.5% |
| Other amounts receivable | 41 | €2,859 | €14,687 | +€11,828 | +413.8% |
| Current investments | 50/53 | €193,203 | €206,482 | +€13,279 | +6.9% |
| Cash at bank and in hand | 54/58 | €280,887 | €222,736 | -€58,151 | -20.7% |
| Deferred charges and accrued income | 490/1 | €6,150 | €7,609 | +€1,459 | +23.7% |
| Total equity and liabilities | 10/49 | €594,951 | €587,999 | -€6,952 | -1.2% |
| Equity | 10/15 | €577,141 | €414,529 | -€162,612 | -28.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €567,141 | €404,529 | -€162,612 | -28.7% |
| Distributable reserves | 133 | €567,141 | €404,529 | -€162,612 | -28.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,810 | €173,470 | +€155,660 | +874.0% |
| Amounts payable within one year | 42/48 | €17,210 | €172,870 | +€155,660 | +904.5% |
| Trade debts | 44 | €836 | €310 | -€527 | -63.0% |
| Suppliers | 440/4 | €836 | €310 | -€527 | -63.0% |
| Taxes, remuneration and social security | 45 | €16,373 | €46,163 | +€29,789 | +181.9% |
| Taxes | 450/3 | €16,373 | €46,163 | +€29,789 | +181.9% |
| Other amounts payable | 47/48 | - | €126,397 | +€126,397 | |
| Accrued charges and deferred income | 492/3 | €600 | €600 | = | 0.0% |
| Non-recurring operating income | 76A | €2,082 | €4,899 | +€2,817 | +135.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,371 | €15,819 | +€13,448 | +567.3% |
| Other operating charges | 640/8 | €33,485 | €24,808 | -€8,677 | -25.9% |
| Gross operating margin | 9900 | €458,103 | €486,001 | +€27,898 | +6.1% |
| Operating profit (loss) | 9901 | €422,248 | €445,374 | +€23,126 | +5.5% |
| Financial income | 75/76B | €29,325 | €22,003 | -€7,321 | -25.0% |
| Recurring financial income | 75 | €29,325 | €22,003 | -€7,321 | -25.0% |
| Financial charges | 65/66B | €954 | €639 | -€315 | -33.0% |
| Recurring financial charges | 65 | €954 | €639 | -€315 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €450,619 | €466,738 | +€16,119 | +3.6% |
| Income taxes | 67/77 | €104,199 | €141,535 | +€37,336 | +35.8% |
| Profit (loss) for the period | 9904 | €346,420 | €325,203 | -€21,217 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €346,420 | €325,203 | -€21,217 | -6.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.