THREE OAKS: 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 OAKS
Largest movements
- Receivables within one year +€885,173
up €885,173 (+10081.1%), from €8,781 to €893,953
of which Trade receivables: +€891,085
- Tangible fixed assets -€459,727
down €459,727 (-100.0%), from €459,727 to €0
of which Land and buildings: -€454,552
- Cash -€11,318
down €11,318 (-55.9%), from €20,259 to €8,941
mainly Receivables within one year (-€885,173) and Accrued charges and deferred income (-€8,890)
- Reserves +€361,344
up €361,344 (+124.3%), from €290,747 to €652,091
- Tax, wage and social debts +€32,587
up €32,587 (+4191.2%), from €778 to €33,364
of which Taxes: +€32,587
- Trade debts +€18,161
up €18,161 (+1675.9%), from €1,084 to €19,244
- Other debts +€9,438
up €9,438 (+45.4%), from €20,805 to €30,243
- Gross operating margin +€539,887
up €539,887, from -€9,459 to €530,428
- Taxes +€159,516
up €159,516 (+20111.2%), from €793 to €160,309
- Depreciation -€16,672
down €16,672 (-100.0%), from €16,672 to €0
- Financial charges -€8,687
down €8,687 (-96.5%), from €9,006 to €318
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 | €493,903 | €906,542 | +€412,639 | +83.5% |
| Fixed assets | 21/28 | €459,727 | €0 | -€459,727 | -100.0% |
| Tangible fixed assets | 22/27 | €459,727 | €0 | -€459,727 | -100.0% |
| Land and buildings | 22 | €454,552 | €0 | -€454,552 | -100.0% |
| Plant, machinery and equipment | 23 | €174 | €0 | -€174 | -100.0% |
| Furniture and vehicles | 24 | €277 | €0 | -€277 | -100.0% |
| Other tangible fixed assets | 26 | €4,724 | €0 | -€4,724 | -100.0% |
| Current assets | 29/58 | €34,176 | €906,542 | +€872,366 | +2552.6% |
| Amounts receivable within one year | 40/41 | €8,781 | €893,953 | +€885,173 | +10081.1% |
| Trade receivables | 40 | €2,869 | €893,953 | +€891,085 | +31060.3% |
| Other amounts receivable | 41 | €5,912 | €0 | -€5,912 | -100.0% |
| Current investments | 50/53 | €2,887 | €2,899 | +€12 | +0.4% |
| Cash at bank and in hand | 54/58 | €20,259 | €8,941 | -€11,318 | -55.9% |
| Deferred charges and accrued income | 490/1 | €2,249 | €748 | -€1,501 | -66.7% |
| Total equity and liabilities | 10/49 | €493,903 | €906,542 | +€412,639 | +83.5% |
| Equity | 10/15 | €309,347 | €670,691 | +€361,344 | +116.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €290,747 | €652,091 | +€361,344 | +124.3% |
| Distributable reserves | 133 | €290,747 | €652,091 | +€361,344 | +124.3% |
| Amounts payable | 17/49 | €184,556 | €235,851 | +€51,295 | +27.8% |
| Amounts payable after more than one year | 17 | €153,000 | €153,000 | = | 0.0% |
| Financial debts | 170/4 | €153,000 | €153,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,666 | €82,851 | +€60,185 | +265.5% |
| Trade debts | 44 | €1,084 | €19,244 | +€18,161 | +1675.9% |
| Suppliers | 440/4 | €1,084 | €19,244 | +€18,161 | +1675.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €778 | €33,364 | +€32,587 | +4191.2% |
| Taxes | 450/3 | €778 | €33,364 | +€32,587 | +4191.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €20,805 | €30,243 | +€9,438 | +45.4% |
| Accrued charges and deferred income | 492/3 | €8,890 | €0 | -€8,890 | -100.0% |
| Non-recurring operating income | 76A | €17,658 | €555,895 | +€538,237 | +3048.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,672 | €0 | -€16,672 | -100.0% |
| Other operating charges | 640/8 | €3,195 | €8,304 | +€5,109 | +159.9% |
| Non-recurring operating charges | 66A | - | €174 | +€174 | |
| Gross operating margin | 9900 | -€9,459 | €530,428 | +€539,887 | |
| Operating profit (loss) | 9901 | -€29,325 | €521,951 | +€551,276 | |
| Financial income | 75/76B | €17 | €21 | +€3 | +19.2% |
| Recurring financial income | 75 | €17 | €21 | +€3 | +19.2% |
| Financial charges | 65/66B | €9,006 | €318 | -€8,687 | -96.5% |
| Recurring financial charges | 65 | €9,006 | €318 | -€8,687 | -96.5% |
| Profit (loss) for the period before taxes | 9903 | -€38,314 | €521,653 | +€559,967 | |
| Income taxes | 67/77 | €793 | €160,309 | +€159,516 | +20111.2% |
| Profit (loss) for the period | 9904 | -€39,107 | €361,344 | +€400,451 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,107 | €361,344 | +€400,451 |
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 12 October 2026 via checked.be.