Three Crowns: 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.
Three Crowns
Largest movements
- Tangible fixed assets -€12,248
down €12,248 (-23.1%), from €53,030 to €40,781
- Profit (loss) carried forward -€10,951
down €10,951 (-6.3%), from -€175,090 to -€186,041
- Trade debts -€1,092
no longer reported in 2025 (was €1,092)
- Gross operating margin -€346
down €346 (-4.4%), from €7,822 to €7,476
- Other operating charges +€188
up €188 (+3.1%), from €5,990 to €6,178
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 | €80,164 | €68,120 | -€12,044 | -15.0% |
| Fixed assets | 21/28 | €54,955 | €42,706 | -€12,248 | -22.3% |
| Tangible fixed assets | 22/27 | €53,030 | €40,781 | -€12,248 | -23.1% |
| Land and buildings | 22 | €53,030 | €40,781 | -€12,248 | -23.1% |
| Financial fixed assets | 28 | €1,925 | €1,925 | = | 0.0% |
| Current assets | 29/58 | €25,209 | €25,414 | +€205 | +0.8% |
| Amounts receivable within one year | 40/41 | €19,929 | €19,929 | = | 0.0% |
| Trade receivables | 40 | €19,929 | €19,929 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,280 | €5,485 | +€205 | +3.9% |
| Total equity and liabilities | 10/49 | €80,164 | €68,120 | -€12,044 | -15.0% |
| Equity | 10/15 | €79,072 | €68,120 | -€10,951 | -13.8% |
| Contributions | 10/11 | €254,091 | €254,091 | = | 0.0% |
| Capital | 10 | €254,091 | €254,091 | = | 0.0% |
| Issued capital | 100 | €254,091 | €254,091 | = | 0.0% |
| Reserves | 13 | €70 | €70 | = | 0.0% |
| Non-distributable reserves | 130/1 | €70 | €70 | = | 0.0% |
| Other | 1319 | €70 | €70 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,090 | -€186,041 | -€10,951 | -6.3% |
| Amounts payable | 17/49 | €1,092 | - | -€1,092 | |
| Amounts payable within one year | 42/48 | €1,092 | - | -€1,092 | |
| Trade debts | 44 | €1,092 | - | -€1,092 | |
| Suppliers | 440/4 | €1,092 | - | -€1,092 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,248 | €12,248 | = | 0.0% |
| Other operating charges | 640/8 | €5,990 | €6,178 | +€188 | +3.1% |
| Gross operating margin | 9900 | €7,822 | €7,476 | -€346 | -4.4% |
| Operating profit (loss) | 9901 | -€10,417 | -€10,951 | -€534 | -5.1% |
| Financial charges | 65/66B | €18 | €0 | -€18 | -98.4% |
| Recurring financial charges | 65 | €18 | €0 | -€18 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,435 | -€10,951 | -€516 | -4.9% |
| Profit (loss) for the period | 9904 | -€10,435 | -€10,951 | -€516 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,435 | -€10,951 | -€516 | -4.9% |
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 30 September 2026 via checked.be.