THIRD UNCLE: what changed
What changed
THIRD UNCLE
filed annual accounts (NBB)
Net result for the year
-€2,090
2025 · €20,614-€22,704
Equity
€228,750
2025 · €230,841-€2,091
Cash
€6,803
2025 · €11,305-€4,502
Balance sheet total
€710,961
2025 · €752,911-€41,950
Largest movements
Assets
- Tangible fixed assets -€36,959
down €36,959 (-5.0%), from €737,025 to €700,066
of which Land and buildings: -€26,587
Equity and liabilities
- Debts after one year -€50,594
down €50,594 (-18.2%), from €277,558 to €226,964
- Other debts +€8,781
up €8,781 (+6.3%), from €140,470 to €149,251
Income statement
- Gross operating margin -€49,148
down €49,148 (-45.7%), from €107,567 to €58,419
- Financial charges -€22,842
down €22,842 (-60.4%), from €37,818 to €14,976
- Taxes -€2,000
no longer reported in 2026 (was €2,000)
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€20,614
Gross operating margin
-€49,148
Depreciation
+€659
Other operating charges
+€943
Financial charges
+€22,842
Taxes
+€2,000
Result 2026
-€2,090
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€42,812
Investment
+€81
Financing
-€47,396
Cash 2025
€11,305
From operations (derived)
+€42,812
Net result for the year
-€2,090
Depreciation
+€36,958
Receivables within one year
+€0
Deferred charges and accrued income
+€409
Trade debts
-€189
Tax, wage and social debts
-€2,000
Other debts
+€8,781
Accrued charges and deferred income
+€943
Investment (derived)
+€81
Investment in fixed assets (net)
+€81
Financing
-€47,396
Debts after one year
-€50,594
Current portion of long-term debt
+€3,200
Contributions, distributions and other
-€1
Cash 2026
€6,803
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €752,911 | €710,961 | -€41,950 | -5.6% |
| Fixed assets | 21/28 | €737,105 | €700,066 | -€37,039 | -5.0% |
| Tangible fixed assets | 22/27 | €737,025 | €700,066 | -€36,959 | -5.0% |
| Land and buildings | 22 | €695,686 | €669,099 | -€26,587 | -3.8% |
| Furniture and vehicles | 24 | €6,555 | €5,650 | -€905 | -13.8% |
| Other tangible fixed assets | 26 | €34,783 | €25,317 | -€9,466 | -27.2% |
| Financial fixed assets | 28 | €80 | - | -€80 | |
| Current assets | 29/58 | €15,806 | €10,895 | -€4,911 | -31.1% |
| Amounts receivable within one year | 40/41 | €1,102 | €1,102 | -€0 | 0.0% |
| Other amounts receivable | 41 | €1,102 | €1,102 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €11,305 | €6,803 | -€4,502 | -39.8% |
| Deferred charges and accrued income | 490/1 | €3,399 | €2,990 | -€409 | -12.0% |
| Total equity and liabilities | 10/49 | €752,911 | €710,961 | -€41,950 | -5.6% |
| Equity | 10/15 | €230,841 | €228,750 | -€2,091 | -0.9% |
| Contributions | 10/11 | €87,500 | €87,500 | = | 0.0% |
| Reserves | 13 | €78,400 | €78,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,750 | €8,750 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,750 | €8,750 | = | 0.0% |
| Distributable reserves | 133 | €69,650 | €69,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,941 | €62,850 | -€2,091 | -3.2% |
| Amounts payable | 17/49 | €522,070 | €482,211 | -€39,859 | -7.6% |
| Amounts payable after more than one year | 17 | €277,558 | €226,964 | -€50,594 | -18.2% |
| Financial debts | 170/4 | €277,558 | €226,964 | -€50,594 | -18.2% |
| Amounts payable within one year | 42/48 | €192,644 | €202,436 | +€9,792 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €47,394 | €50,594 | +€3,200 | +6.8% |
| Trade debts | 44 | €2,780 | €2,591 | -€189 | -6.8% |
| Suppliers | 440/4 | €2,780 | €2,591 | -€189 | -6.8% |
| Taxes, remuneration and social security | 45 | €2,000 | - | -€2,000 | |
| Taxes | 450/3 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €140,470 | €149,251 | +€8,781 | +6.3% |
| Accrued charges and deferred income | 492/3 | €51,868 | €52,811 | +€943 | +1.8% |
| Non-recurring operating income | 76A | €72,512 | - | -€72,512 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,617 | €36,958 | -€659 | -1.8% |
| Other operating charges | 640/8 | €9,518 | €8,575 | -€943 | -9.9% |
| Gross operating margin | 9900 | €107,567 | €58,419 | -€49,148 | -45.7% |
| Operating profit (loss) | 9901 | €60,432 | €12,886 | -€47,546 | -78.7% |
| Financial charges | 65/66B | €37,818 | €14,976 | -€22,842 | -60.4% |
| Recurring financial charges | 65 | €37,818 | €14,976 | -€22,842 | -60.4% |
| Profit (loss) for the period before taxes | 9903 | €22,614 | -€2,090 | -€24,704 | |
| Income taxes | 67/77 | €2,000 | - | -€2,000 | |
| Profit (loss) for the period | 9904 | €20,614 | -€2,090 | -€22,704 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,614 | -€2,090 | -€22,704 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.