THREE PARALLEL RIVERS: 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 PARALLEL RIVERS
Largest movements
- Cash +€35,018
up €35,018 (+1,375%), from €2,547 to €37,565
mainly Net result for the year (+€18,147) and Tax, wage and social debts (+€10,196)
- Profit (loss) carried forward +€18,147
up €18,147 (+22.9%), from -€79,219 to -€61,072
- Tax, wage and social debts +€10,196
new in 2025: €10,196
- Trade debts +€3,254
up €3,254 (+2,337%), from €139 to €3,393
- Debts after one year +€2,725
up €2,725 (+21.0%), from €12,979 to €15,703
- Gross operating margin +€16,328
up €16,328 (+360%), from €4,531 to €20,858
- Depreciation -€639
down €639 (-48.5%), from €1,318 to €679
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 | €34,525 | €68,893 | +€34,369 | +99.5% |
| Fixed assets | 21/28 | €28,738 | €28,902 | +€164 | +0.6% |
| Tangible fixed assets | 22/27 | €25,093 | €25,257 | +€164 | +0.7% |
| Plant, machinery and equipment | 23 | - | €815 | +€815 | |
| Furniture and vehicles | 24 | €25,093 | €24,441 | -€651 | -2.6% |
| Financial fixed assets | 28 | €3,645 | €3,645 | = | 0.0% |
| Current assets | 29/58 | €5,787 | €39,992 | +€34,205 | +591% |
| Amounts receivable within one year | 40/41 | €2,836 | €2,425 | -€411 | -14.5% |
| Trade receivables | 40 | €2,673 | €2,411 | -€262 | -9.8% |
| Other amounts receivable | 41 | €162 | €14 | -€148 | -91.4% |
| Cash at bank and in hand | 54/58 | €2,547 | €37,565 | +€35,018 | +1,375% |
| Deferred charges and accrued income | 490/1 | €404 | €2 | -€402 | -99.5% |
| Total equity and liabilities | 10/49 | €34,525 | €68,893 | +€34,369 | +99.5% |
| Equity | 10/15 | €20,437 | €38,584 | +€18,147 | +88.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,057 | €81,057 | = | 0.0% |
| Distributable reserves | 133 | €81,057 | €81,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,219 | -€61,072 | +€18,147 | +22.9% |
| Amounts payable | 17/49 | €14,087 | €30,309 | +€16,222 | +115% |
| Amounts payable after more than one year | 17 | €12,979 | €15,703 | +€2,725 | +21.0% |
| Other amounts payable | 178/9 | €12,979 | €15,703 | +€2,725 | +21.0% |
| Amounts payable within one year | 42/48 | €139 | €13,590 | +€13,450 | +9,658% |
| Trade debts | 44 | €139 | €3,393 | +€3,254 | +2,337% |
| Suppliers | 440/4 | €139 | €3,393 | +€3,254 | +2,337% |
| Taxes, remuneration and social security | 45 | - | €10,196 | +€10,196 | |
| Taxes | 450/3 | - | €10,196 | +€10,196 | |
| Accrued charges and deferred income | 492/3 | €969 | €1,016 | +€47 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,318 | €679 | -€639 | -48.5% |
| Other operating charges | 640/8 | €758 | €878 | +€120 | +15.8% |
| Gross operating margin | 9900 | €4,531 | €20,858 | +€16,328 | +360% |
| Operating profit (loss) | 9901 | €2,455 | €19,302 | +€16,847 | +686% |
| Financial income | 75/76B | €15 | €2 | -€12 | -85.9% |
| Recurring financial income | 75 | €15 | €2 | -€12 | -85.9% |
| Financial charges | 65/66B | €1,070 | €1,156 | +€86 | +8.0% |
| Recurring financial charges | 65 | €1,070 | €1,156 | +€86 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €1,399 | €18,148 | +€16,749 | +1,197% |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | €1,399 | €18,147 | +€16,748 | +1,197% |
| Profit (loss) for the period to be appropriated | 9905 | €1,399 | €18,147 | +€16,748 | +1,197% |
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 13 October 2026 via checked.be.