THREE PEAKS MANAGEMENT: 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 PEAKS MANAGEMENT
Largest movements
- Tangible fixed assets +€364,762
up €364,762 (+1057.2%), from €34,503 to €399,265
of which Land and buildings: +€356,653
- Cash -€77,907
down €77,907 (-98.6%), from €78,981 to €1,075
mainly Investment in fixed assets (net) (-€376,438) and Other debts (-€30,711)
- Receivables within one year -€11,934
down €11,934 (-100.0%), from €11,934 to €0
of which Trade receivables: -€11,934
- Debts after one year +€279,406
up €279,406 (+1153.3%), from €24,226 to €303,632
- Other debts -€30,711
down €30,711 (-58.2%), from €52,757 to €22,046
- Current portion of long-term debt +€14,131
up €14,131 (+158.1%), from €8,936 to €23,067
- Profit (loss) carried forward +€12,250
up €12,250 (+54.0%), from €22,687 to €34,937
- Tax, wage and social debts +€4,531
up €4,531 (+57.1%), from €7,940 to €12,471
- Financial charges +€6,443
up €6,443 (+149.0%), from €4,325 to €10,768
- Other operating charges -€3,472
down €3,472 (-72.1%), from €4,816 to €1,344
- Taxes -€2,836
down €2,836 (-38.9%), from €7,288 to €4,451
- Gross operating margin -€1,942
down €1,942 (-4.0%), from €48,805 to €46,862
- Depreciation +€1,662
up €1,662 (+16.6%), from €10,014 to €11,675
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 | €125,418 | €400,811 | +€275,393 | +219.6% |
| Fixed assets | 21/28 | €34,503 | €399,265 | +€364,762 | +1057.2% |
| Tangible fixed assets | 22/27 | €34,503 | €399,265 | +€364,762 | +1057.2% |
| Land and buildings | 22 | - | €356,653 | +€356,653 | |
| Plant, machinery and equipment | 23 | €2,016 | €1,009 | -€1,008 | -50.0% |
| Furniture and vehicles | 24 | - | €41,604 | +€41,604 | |
| Leasing and similar rights | 25 | €32,486 | €0 | -€32,486 | -100.0% |
| Current assets | 29/58 | €90,915 | €1,546 | -€89,369 | -98.3% |
| Amounts receivable within one year | 40/41 | €11,934 | €0 | -€11,934 | -100.0% |
| Trade receivables | 40 | €11,934 | €0 | -€11,934 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €78,981 | €1,075 | -€77,907 | -98.6% |
| Deferred charges and accrued income | 490/1 | - | €471 | +€471 | |
| Total equity and liabilities | 10/49 | €125,418 | €400,811 | +€275,393 | +219.6% |
| Equity | 10/15 | €25,687 | €37,937 | +€12,250 | +47.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,687 | €34,937 | +€12,250 | +54.0% |
| Amounts payable | 17/49 | €99,731 | €362,874 | +€263,143 | +263.9% |
| Amounts payable after more than one year | 17 | €24,226 | €303,632 | +€279,406 | +1153.3% |
| Financial debts | 170/4 | €24,226 | €303,632 | +€279,406 | +1153.3% |
| Amounts payable within one year | 42/48 | €75,505 | €59,242 | -€16,263 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €8,936 | €23,067 | +€14,131 | +158.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,872 | €1,657 | -€4,214 | -71.8% |
| Suppliers | 440/4 | €5,872 | €1,657 | -€4,214 | -71.8% |
| Taxes, remuneration and social security | 45 | €7,940 | €12,471 | +€4,531 | +57.1% |
| Taxes | 450/3 | €7,940 | €12,471 | +€4,531 | +57.1% |
| Other amounts payable | 47/48 | €52,757 | €22,046 | -€30,711 | -58.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,014 | €11,675 | +€1,662 | +16.6% |
| Other operating charges | 640/8 | €4,816 | €1,344 | -€3,472 | -72.1% |
| Non-recurring operating charges | 66A | - | €6,375 | +€6,375 | |
| Gross operating margin | 9900 | €48,805 | €46,862 | -€1,942 | -4.0% |
| Operating profit (loss) | 9901 | €33,975 | €27,468 | -€6,506 | -19.2% |
| Financial income | 75/76B | €301 | €1 | -€299 | -99.6% |
| Recurring financial income | 75 | €301 | €1 | -€299 | -99.6% |
| Financial charges | 65/66B | €4,325 | €10,768 | +€6,443 | +149.0% |
| Recurring financial charges | 65 | €4,325 | €10,768 | +€6,443 | +149.0% |
| Profit (loss) for the period before taxes | 9903 | €29,951 | €16,702 | -€13,249 | -44.2% |
| Income taxes | 67/77 | €7,288 | €4,451 | -€2,836 | -38.9% |
| Profit (loss) for the period | 9904 | €22,663 | €12,250 | -€10,413 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,663 | €12,250 | -€10,413 | -45.9% |
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 9 October 2026 via checked.be.