THREE SUN: what changed
Two fiscal 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 SUN
Largest movements
- Receivables within one year -€67,149
down €67,149 (-72.7%), from €92,376 to €25,227
of which Trade receivables: -€72,327
- Cash -€26,355
down €26,355 (-64.3%), from €40,991 to €14,636
mainly Trade debts (-€63,994) and Net result for the year (-€42,414)
- Tangible fixed assets +€17,055
up €17,055 (+110.8%), from €15,395 to €32,450
of which Furniture and vehicles: +€18,546
- Deferred charges and accrued income -€3,284
down €3,284 (-31.3%), from €10,475 to €7,191
- Financial fixed assets -€2,500
down €2,500 (-50.0%), from €5,000 to €2,500
- Trade debts -€63,994
down €63,994 (-72.3%), from €88,517 to €24,523
- Profit (loss) carried forward -€42,414
down €42,414, from €36,664 to -€5,750
- Other debts +€14,893
up €14,893 (+62.9%), from €23,673 to €38,566
- Accrued charges and deferred income +€14,795
up €14,795 (+816.5%), from €1,812 to €16,607
- Tax, wage and social debts -€5,512
no longer reported in 2025 (was €5,512)
- Gross operating margin -€58,111
down €58,111, from €22,469 to -€35,642
- Financial charges -€5,948
down €5,948 (-92.9%), from €6,403 to €456
of which Non-recurring financial charges: -€5,445
- Taxes -€5,512
no longer reported in 2025 (was €5,512)
- Depreciation +€1,903
up €1,903 (+59.2%), from €3,212 to €5,115
- Other operating charges -€992
down €992 (-45.2%), from €2,195 to €1,203
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 | €164,237 | €82,004 | -€82,232 | -50.1% |
| Fixed assets | 21/28 | €20,395 | €34,950 | +€14,555 | +71.4% |
| Tangible fixed assets | 22/27 | €15,395 | €32,450 | +€17,055 | +110.8% |
| Plant, machinery and equipment | 23 | €5,888 | €4,397 | -€1,491 | -25.3% |
| Furniture and vehicles | 24 | €9,507 | €28,053 | +€18,546 | +195.1% |
| Financial fixed assets | 28 | €5,000 | €2,500 | -€2,500 | -50.0% |
| Current assets | 29/58 | €143,842 | €47,054 | -€96,788 | -67.3% |
| Amounts receivable within one year | 40/41 | €92,376 | €25,227 | -€67,149 | -72.7% |
| Trade receivables | 40 | €82,918 | €10,591 | -€72,327 | -87.2% |
| Other amounts receivable | 41 | €9,458 | €14,636 | +€5,178 | +54.7% |
| Cash at bank and in hand | 54/58 | €40,991 | €14,636 | -€26,355 | -64.3% |
| Deferred charges and accrued income | 490/1 | €10,475 | €7,191 | -€3,284 | -31.3% |
| Total equity and liabilities | 10/49 | €164,237 | €82,004 | -€82,232 | -50.1% |
| Equity | 10/15 | €44,723 | €2,309 | -€42,414 | -94.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,664 | -€5,750 | -€42,414 | |
| Amounts payable | 17/49 | €119,513 | €79,695 | -€39,818 | -33.3% |
| Amounts payable within one year | 42/48 | €117,701 | €63,088 | -€54,613 | -46.4% |
| Trade debts | 44 | €88,517 | €24,523 | -€63,994 | -72.3% |
| Suppliers | 440/4 | €88,517 | €24,523 | -€63,994 | -72.3% |
| Taxes, remuneration and social security | 45 | €5,512 | - | -€5,512 | |
| Taxes | 450/3 | €5,512 | - | -€5,512 | |
| Other amounts payable | 47/48 | €23,673 | €38,566 | +€14,893 | +62.9% |
| Accrued charges and deferred income | 492/3 | €1,812 | €16,607 | +€14,795 | +816.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,212 | €5,115 | +€1,903 | +59.2% |
| Other operating charges | 640/8 | €2,195 | €1,203 | -€992 | -45.2% |
| Gross operating margin | 9900 | €22,469 | -€35,642 | -€58,111 | |
| Operating profit (loss) | 9901 | €17,062 | -€41,959 | -€59,021 | |
| Financial income | 75/76B | €460 | - | -€460 | |
| Recurring financial income | 75 | €460 | - | -€460 | |
| Financial charges | 65/66B | €6,403 | €456 | -€5,948 | -92.9% |
| Recurring financial charges | 65 | €958 | €456 | -€503 | -52.5% |
| Non-recurring financial charges | 66B | €5,445 | - | -€5,445 | |
| Profit (loss) for the period before taxes | 9903 | €11,119 | -€42,414 | -€53,533 | |
| Income taxes | 67/77 | €5,512 | - | -€5,512 | |
| Profit (loss) for the period | 9904 | €5,608 | -€42,414 | -€48,022 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,608 | -€42,414 | -€48,022 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.