Three Headed Giant: what changed
What changed
Three Headed Giant
NACE 62.200, Computer consultancy and computer facilities management
filed annual accounts (NBB)
Net result for the year
-€258,637
2024 · -€316,351+€57,714
Equity
-€701,694
2024 · -€443,057-€258,637
Cash
€8,132
2024 · €6,205+€1,927
Balance sheet total
€503,210
2024 · €494,259+€8,952
Largest movements
Assets
- Receivables within one year +€10,323
up €10,323 (+2.2%), from €476,261 to €486,584
of which Trade receivables: +€34,629
Equity and liabilities
- Other debts +€261,962
up €261,962 (+48.2%), from €543,158 to €805,120
- Profit (loss) carried forward -€258,637
down €258,637 (-51.2%), from -€505,057 to -€763,694
- Trade debts +€31,087
up €31,087 (+10.9%), from €284,723 to €315,810
- Tax, wage and social debts -€27,797
down €27,797 (-25.8%), from €107,834 to €80,037
of which Remuneration and social security: -€34,648
Income statement
- Turnover -€431,077
down €431,077 (-30.7%), from €1.4m to €975,300
- Purchases and services -€309,586
down €309,586 (-25.2%), from €1.2m to €919,928
- Staff costs -€154,695
down €154,695 (-33.0%), from €468,102 to €313,407
- Gross operating margin -€96,221
down €96,221 (-49.5%), from €194,258 to €98,037
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.
Result 2024
-€316,351
Gross operating margin
-€96,221
Staff costs
+€154,695
Depreciation
+€1,824
Write-downs
+€242
Other operating charges
+€2,233
Other operating items
-€15
Financial income
+€26
Financial charges
-€5,656
Taxes
+€585
Result 2025
-€258,637
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3,616
Investment
-€1,689
Financing
€0
Cash 2024
€6,205
From operations (derived)
+€3,616
Net result for the year
-€258,637
Depreciation
+€3,324
Receivables within one year
-€10,323
Deferred charges and accrued income
+€1,663
Provisions
+€289
Trade debts
+€31,087
Tax, wage and social debts
-€27,797
Other debts
+€261,962
Accrued charges and deferred income
+€2,048
Investment (derived)
-€1,689
Investment in fixed assets (net)
-€1,689
Cash 2025
€8,132
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €494,259 | €503,210 | +€8,952 | +1.8% |
| Fixed assets | 21/28 | €5,458 | €3,823 | -€1,635 | -30.0% |
| Tangible fixed assets | 22/27 | €5,458 | €3,823 | -€1,635 | -30.0% |
| Plant, machinery and equipment | 23 | €5,458 | €3,823 | -€1,635 | -30.0% |
| Current assets | 29/58 | €488,800 | €499,387 | +€10,587 | +2.2% |
| Amounts receivable within one year | 40/41 | €476,261 | €486,584 | +€10,323 | +2.2% |
| Trade receivables | 40 | €442,703 | €477,332 | +€34,629 | +7.8% |
| Other amounts receivable | 41 | €33,558 | €9,252 | -€24,306 | -72.4% |
| Cash at bank and in hand | 54/58 | €6,205 | €8,132 | +€1,927 | +31.1% |
| Deferred charges and accrued income | 490/1 | €6,334 | €4,671 | -€1,663 | -26.3% |
| Total equity and liabilities | 10/49 | €494,259 | €503,210 | +€8,952 | +1.8% |
| Equity | 10/15 | -€443,057 | -€701,694 | -€258,637 | -58.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€505,057 | -€763,694 | -€258,637 | -51.2% |
| Provisions and deferred taxes | 16 | €531 | €821 | +€289 | +54.4% |
| Provisions for liabilities and charges | 160/5 | €531 | €821 | +€289 | +54.4% |
| Pensions and similar obligations | 160 | €531 | €821 | +€289 | +54.4% |
| Amounts payable | 17/49 | €936,784 | €1,204,084 | +€267,300 | +28.5% |
| Amounts payable within one year | 42/48 | €935,715 | €1,200,967 | +€265,251 | +28.3% |
| Trade debts | 44 | €284,723 | €315,810 | +€31,087 | +10.9% |
| Suppliers | 440/4 | €284,723 | €315,810 | +€31,087 | +10.9% |
| Taxes, remuneration and social security | 45 | €107,834 | €80,037 | -€27,797 | -25.8% |
| Taxes | 450/3 | €44,824 | €51,674 | +€6,850 | +15.3% |
| Remuneration and social security | 454/9 | €63,011 | €28,363 | -€34,648 | -55.0% |
| Other amounts payable | 47/48 | €543,158 | €805,120 | +€261,962 | +48.2% |
| Accrued charges and deferred income | 492/3 | €1,069 | €3,117 | +€2,048 | +192% |
| Turnover | 70 | €1,406,377 | €975,300 | -€431,077 | -30.7% |
| Non-recurring operating income | 76A | €447 | - | -€447 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,229,515 | €919,928 | -€309,586 | -25.2% |
| Remuneration, social security and pensions | 62 | €468,102 | €313,407 | -€154,695 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,148 | €3,324 | -€1,824 | -35.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €531 | €289 | -€242 | -45.6% |
| Other operating charges | 640/8 | €4,515 | €2,281 | -€2,233 | -49.5% |
| Non-recurring operating charges | 66A | - | €15 | +€15 | |
| Gross operating margin | 9900 | €194,258 | €98,037 | -€96,221 | -49.5% |
| Operating profit (loss) | 9901 | -€284,038 | -€221,279 | +€62,759 | +22.1% |
| Financial income | 75/76B | €9 | €35 | +€26 | +275% |
| Recurring financial income | 75 | €9 | €35 | +€26 | +275% |
| Financial charges | 65/66B | €31,012 | €36,668 | +€5,656 | +18.2% |
| Recurring financial charges | 65 | €31,012 | €36,668 | +€5,656 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | -€315,040 | -€257,912 | +€57,129 | +18.1% |
| Income taxes | 67/77 | €1,311 | €726 | -€585 | -44.6% |
| Profit (loss) for the period | 9904 | -€316,351 | -€258,637 | +€57,714 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€316,351 | -€258,637 | +€57,714 | +18.2% |
Next steps
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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 8 November 2026 via checked.be.