Les 3 Chênes: 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.
Les 3 Chênes
Largest movements
- Cash -€217,566
down €217,566 (-93.2%), from €233,560 to €15,994
mainly Tax, wage and social debts (-€226,978) and Debts after one year (-€180,676)
- Tangible fixed assets -€97,329
down €97,329 (-7.7%), from €1.3m to €1.2m
- Tax, wage and social debts -€226,978
down €226,978 (-99.6%), from €227,960 to €982
- Debts after one year -€180,676
down €180,676 (-17.6%), from €1.0m to €846,874
of which Financial debts: -€174,766
- Reserves +€75,957
up €75,957 (+128%), from €59,473 to €135,430
of which Tax-exempt reserves: +€75,957
- Profit (loss) carried forward +€26,157
up €26,157 (+201%), from €13,005 to €39,162
- Provisions +€25,319
new in 2025: €25,319
- Financial income -€189,908
down €189,908 (-99.2%), from €191,407 to €1,498
of which Non-recurring financial income: -€191,362
- Gross operating margin -€57,368
down €57,368 (-19.3%), from €296,496 to €239,128
- Other operating charges -€28,022
down €28,022 (-65.8%), from €42,571 to €14,548
- Financial charges +€10,438
up €10,438 (+59.3%), from €17,597 to €28,035
- Depreciation -€5,620
down €5,620 (-7.4%), from €76,224 to €70,605
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 | €1,506,226 | €1,189,235 | -€316,991 | -21.0% |
| Fixed assets | 21/28 | €1,260,277 | €1,162,948 | -€97,329 | -7.7% |
| Tangible fixed assets | 22/27 | €1,260,277 | €1,162,948 | -€97,329 | -7.7% |
| Land and buildings | 22 | €1,260,277 | €1,162,948 | -€97,329 | -7.7% |
| Current assets | 29/58 | €245,949 | €26,287 | -€219,662 | -89.3% |
| Amounts receivable within one year | 40/41 | €10,559 | €10,293 | -€266 | -2.5% |
| Trade receivables | 40 | €8,242 | €0 | -€8,242 | -100% |
| Other amounts receivable | 41 | €2,317 | €10,293 | +€7,976 | +344% |
| Cash at bank and in hand | 54/58 | €233,560 | €15,994 | -€217,566 | -93.2% |
| Deferred charges and accrued income | 490/1 | €1,831 | €0 | -€1,831 | -100% |
| Total equity and liabilities | 10/49 | €1,506,226 | €1,189,235 | -€316,991 | -21.0% |
| Equity | 10/15 | €91,478 | €193,592 | +€102,114 | +112% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €59,473 | €135,430 | +€75,957 | +128% |
| Non-distributable reserves | 130/1 | €798 | €798 | = | 0.0% |
| Reserves not available under the articles | 1311 | €798 | €0 | -€798 | -100% |
| Other | 1319 | - | €798 | +€798 | |
| Tax-exempt reserves | 132 | - | €75,957 | +€75,957 | |
| Distributable reserves | 133 | €58,675 | €58,675 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,005 | €39,162 | +€26,157 | +201% |
| Provisions and deferred taxes | 16 | - | €25,319 | +€25,319 | |
| Deferred taxes | 168 | - | €25,319 | +€25,319 | |
| Amounts payable | 17/49 | €1,414,748 | €970,324 | -€444,424 | -31.4% |
| Amounts payable after more than one year | 17 | €1,027,550 | €846,874 | -€180,676 | -17.6% |
| Financial debts | 170/4 | €922,415 | €747,649 | -€174,766 | -18.9% |
| Other amounts payable | 178/9 | €105,135 | €99,225 | -€5,910 | -5.6% |
| Amounts payable within one year | 42/48 | €387,198 | €123,450 | -€263,748 | -68.1% |
| Current portion of amounts payable after more than one year | 42 | €136,488 | €120,433 | -€16,055 | -11.8% |
| Trade debts | 44 | - | €2,035 | +€2,035 | |
| Suppliers | 440/4 | - | €2,035 | +€2,035 | |
| Taxes, remuneration and social security | 45 | €227,960 | €982 | -€226,978 | -99.6% |
| Taxes | 450/3 | €227,960 | €982 | -€226,978 | -99.6% |
| Other amounts payable | 47/48 | €22,750 | €0 | -€22,750 | -100% |
| Non-recurring operating income | 76A | €132,994 | €101,276 | -€31,717 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,224 | €70,605 | -€5,620 | -7.4% |
| Other operating charges | 640/8 | €42,571 | €14,548 | -€28,022 | -65.8% |
| Non-recurring operating charges | 66A | €324,356 | €0 | -€324,356 | -100% |
| Gross operating margin | 9900 | €296,496 | €239,128 | -€57,368 | -19.3% |
| Operating profit (loss) | 9901 | -€146,655 | €153,974 | +€300,630 | |
| Financial income | 75/76B | €191,407 | €1,498 | -€189,908 | -99.2% |
| Recurring financial income | 75 | €45 | €1,498 | +€1,454 | +3,242% |
| Non-recurring financial income | 76B | €191,362 | €0 | -€191,362 | -100% |
| Financial charges | 65/66B | €17,597 | €28,035 | +€10,438 | +59.3% |
| Recurring financial charges | 65 | €17,597 | €28,035 | +€10,438 | +59.3% |
| Profit (loss) for the period before taxes | 9903 | €27,155 | €127,438 | +€100,284 | +369% |
| Transfer to deferred taxes | 680 | - | €25,319 | +€25,319 | |
| Income taxes | 67/77 | €995 | €5 | -€991 | -99.5% |
| Profit (loss) for the period | 9904 | €26,159 | €102,114 | +€75,955 | +290% |
| Transfer from tax-exempt reserves | 789 | €9,400 | €0 | -€9,400 | -100% |
| Transfer to tax-exempt reserves | 689 | - | €75,957 | +€75,957 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,559 | €26,157 | -€9,402 | -26.4% |
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 19 October 2026 via checked.be.