THREE MOUSQUETAIRES: 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.
THREE MOUSQUETAIRES
Largest movements
- Receivables within one year +€24,900
up €24,900 (+798%), from €3,121 to €28,021
of which Other amounts receivable: +€23,207
- Financial fixed assets -€6,000
down €6,000 (-100%), from €6,000 to €0
- Cash +€5,506
up €5,506 (+106%), from €5,218 to €10,724
mainly Net result for the year (+€24,400) and Tax, wage and social debts (+€12,122)
- Profit (loss) carried forward +€24,400
up €24,400 (+786%), from €3,103 to €27,503
- Tax, wage and social debts +€12,122
up €12,122 (+10,548%), from €115 to €12,237
- Other debts -€11,635
no longer reported in 2025 (was €11,635)
- Trade debts -€492
down €492 (-47.5%), from €1,036 to €544
- Gross operating margin +€19,418
up €19,418 (+99.5%), from €19,516 to €38,934
- Taxes +€11,924
up €11,924 (+10,376%), from €115 to €12,039
- Financial charges +€911
up €911 (+115%), from €792 to €1,703
- Financial income +€536
up €536 (+489%), from €110 to €646
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 | €16,188 | €40,584 | +€24,396 | +151% |
| Fixed assets | 21/28 | €7,850 | €1,840 | -€6,011 | -76.6% |
| Tangible fixed assets | 22/27 | €1,850 | €1,840 | -€11 | -0.6% |
| Plant, machinery and equipment | 23 | €424 | - | -€424 | |
| Furniture and vehicles | 24 | €1,426 | €1,840 | +€413 | +29.0% |
| Financial fixed assets | 28 | €6,000 | €0 | -€6,000 | -100% |
| Current assets | 29/58 | €8,338 | €38,744 | +€30,406 | +365% |
| Amounts receivable within one year | 40/41 | €3,121 | €28,021 | +€24,900 | +798% |
| Trade receivables | 40 | - | €1,693 | +€1,693 | |
| Other amounts receivable | 41 | €3,121 | €26,328 | +€23,207 | +744% |
| Cash at bank and in hand | 54/58 | €5,218 | €10,724 | +€5,506 | +106% |
| Total equity and liabilities | 10/49 | €16,188 | €40,584 | +€24,396 | +151% |
| Equity | 10/15 | €3,403 | €27,803 | +€24,400 | +717% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,103 | €27,503 | +€24,400 | +786% |
| Amounts payable | 17/49 | €12,786 | €12,781 | -€5 | 0.0% |
| Amounts payable within one year | 42/48 | €12,786 | €12,781 | -€5 | 0.0% |
| Trade debts | 44 | €1,036 | €544 | -€492 | -47.5% |
| Suppliers | 440/4 | €1,036 | €544 | -€492 | -47.5% |
| Taxes, remuneration and social security | 45 | €115 | €12,237 | +€12,122 | +10,548% |
| Taxes | 450/3 | €115 | €12,237 | +€12,122 | +10,548% |
| Other amounts payable | 47/48 | €11,635 | - | -€11,635 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,402 | €1,038 | -€364 | -26.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €19,516 | €38,934 | +€19,418 | +99.5% |
| Operating profit (loss) | 9901 | €17,727 | €37,496 | +€19,769 | +112% |
| Financial income | 75/76B | €110 | €646 | +€536 | +489% |
| Recurring financial income | 75 | €110 | €646 | +€536 | +489% |
| Financial charges | 65/66B | €792 | €1,703 | +€911 | +115% |
| Recurring financial charges | 65 | €792 | €1,703 | +€911 | +115% |
| Profit (loss) for the period before taxes | 9903 | €17,044 | €36,439 | +€19,395 | +114% |
| Income taxes | 67/77 | €115 | €12,039 | +€11,924 | +10,376% |
| Profit (loss) for the period | 9904 | €16,929 | €24,400 | +€7,471 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,929 | €24,400 | +€7,471 | +44.1% |
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 24 October 2026 via checked.be.