Three Tree Town: 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 Tree Town
Largest movements
- Cash -€53,353
down €53,353 (-42.5%), from €125,669 to €72,316
mainly Investment in fixed assets (net) (-€35,881) and Contributions, distributions and other (-€33,176)
- Tangible fixed assets -€12,951
down €12,951 (-2.6%), from €507,266 to €494,315
of which Land and buildings: -€76,708
- Receivables within one year +€9,178
up €9,178 (+163.3%), from €5,620 to €14,798
of which Other amounts receivable: +€5,184
- Reserves -€33,176
down €33,176 (-12.6%), from €264,125 to €230,950
of which Distributable reserves: -€33,176
- Profit (loss) carried forward -€31,253
down €31,253, from €22,407 to -€8,846
- Other debts +€27,064
up €27,064 (+121.8%), from €22,225 to €49,289
- Debts after one year -€21,186
down €21,186 (-8.0%), from €266,347 to €245,162
- Gross operating margin -€118,305
down €118,305 (-79.2%), from €149,290 to €30,986
- Taxes -€27,125
down €27,125 (-99.5%), from €27,253 to €128
- Staff costs -€10,819
down €10,819, from €10,728 to -€91
- Other operating charges -€2,256
down €2,256 (-65.2%), from €3,458 to €1,202
- Depreciation +€1,903
up €1,903 (+4.1%), from €46,930 to €48,832
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 | €642,327 | €585,276 | -€57,052 | -8.9% |
| Fixed assets | 21/28 | €507,266 | €494,315 | -€12,951 | -2.6% |
| Tangible fixed assets | 22/27 | €507,266 | €494,315 | -€12,951 | -2.6% |
| Land and buildings | 22 | €476,465 | €399,757 | -€76,708 | -16.1% |
| Plant, machinery and equipment | 23 | €4,285 | €7,299 | +€3,013 | +70.3% |
| Furniture and vehicles | 24 | €26,516 | €87,259 | +€60,743 | +229.1% |
| Current assets | 29/58 | €135,061 | €90,960 | -€44,101 | -32.7% |
| Amounts receivable within one year | 40/41 | €5,620 | €14,798 | +€9,178 | +163.3% |
| Trade receivables | 40 | €5,215 | €9,209 | +€3,994 | +76.6% |
| Other amounts receivable | 41 | €405 | €5,589 | +€5,184 | +1278.6% |
| Cash at bank and in hand | 54/58 | €125,669 | €72,316 | -€53,353 | -42.5% |
| Deferred charges and accrued income | 490/1 | €3,771 | €3,846 | +€75 | +2.0% |
| Total equity and liabilities | 10/49 | €642,327 | €585,276 | -€57,052 | -8.9% |
| Equity | 10/15 | €287,533 | €223,104 | -€64,429 | -22.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €264,125 | €230,950 | -€33,176 | -12.6% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €264,025 | €230,850 | -€33,176 | -12.6% |
| Profit (loss) carried forward | 14 | €22,407 | -€8,846 | -€31,253 | |
| Amounts payable | 17/49 | €354,795 | €362,172 | +€7,377 | +2.1% |
| Amounts payable after more than one year | 17 | €266,347 | €245,162 | -€21,186 | -8.0% |
| Financial debts | 170/4 | €266,347 | €245,162 | -€21,186 | -8.0% |
| Amounts payable within one year | 42/48 | €65,288 | €90,457 | +€25,169 | +38.6% |
| Current portion of amounts payable after more than one year | 42 | €21,376 | €21,182 | -€194 | -0.9% |
| Trade debts | 44 | €4,335 | €4,104 | -€231 | -5.3% |
| Suppliers | 440/4 | €4,335 | €4,104 | -€231 | -5.3% |
| Taxes, remuneration and social security | 45 | €17,352 | €15,881 | -€1,471 | -8.5% |
| Taxes | 450/3 | €17,223 | €15,881 | -€1,342 | -7.8% |
| Remuneration and social security | 454/9 | €129 | - | -€129 | |
| Other amounts payable | 47/48 | €22,225 | €49,289 | +€27,064 | +121.8% |
| Accrued charges and deferred income | 492/3 | €23,159 | €26,553 | +€3,394 | +14.7% |
| Non-recurring operating income | 76A | €11,157 | €200 | -€10,957 | -98.2% |
| Remuneration, social security and pensions | 62 | €10,728 | -€91 | -€10,819 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,930 | €48,832 | +€1,903 | +4.1% |
| Other operating charges | 640/8 | €3,458 | €1,202 | -€2,256 | -65.2% |
| Non-recurring operating charges | 66A | - | €6,934 | +€6,934 | |
| Gross operating margin | 9900 | €149,290 | €30,986 | -€118,305 | -79.2% |
| Operating profit (loss) | 9901 | €88,175 | -€25,891 | -€114,066 | |
| Financial income | 75/76B | €7 | €102 | +€96 | +1405.0% |
| Recurring financial income | 75 | €7 | €102 | +€96 | +1405.0% |
| Financial charges | 65/66B | €5,768 | €5,336 | -€432 | -7.5% |
| Recurring financial charges | 65 | €5,768 | €5,336 | -€432 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €82,413 | -€31,125 | -€113,538 | |
| Income taxes | 67/77 | €27,253 | €128 | -€27,125 | -99.5% |
| Profit (loss) for the period | 9904 | €55,161 | -€31,253 | -€86,414 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,161 | -€31,253 | -€86,414 |
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 10 October 2026 via checked.be.