THREE3: 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.
THREE3
Largest movements
- Current investments +€199,159
up €199,159 (+55876.2%), from €356 to €199,516
- Tangible fixed assets -€43,151
down €43,151 (-4.2%), from €1.0m to €986,651
of which Land and buildings: -€42,618
- Intangible fixed assets +€31,691
new in 2025: €31,691
- Receivables within one year +€19,835
up €19,835 (+139.2%), from €14,245 to €34,080
- Reserves +€208,743
up €208,743 (+48.6%), from €429,477 to €638,220
- Tax, wage and social debts +€54,012
up €54,012 (+293.6%), from €18,397 to €72,408
- Debts after one year -€46,453
down €46,453 (-8.7%), from €531,214 to €484,761
- Gross operating margin +€216,729
up €216,729 (+123.4%), from €175,634 to €392,363
- Taxes +€41,599
up €41,599 (+204.0%), from €20,392 to €61,991
- Financial charges +€19,724
up €19,724 (+77.3%), from €25,509 to €45,233
- Other operating charges -€13,302
down €13,302 (-39.1%), from €34,058 to €20,756
- Depreciation +€11,004
up €11,004 (+23.4%), from €47,046 to €58,050
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 | €1,101,317 | €1,321,118 | +€219,801 | +20.0% |
| Fixed assets | 21/28 | €1,030,026 | €1,018,566 | -€11,460 | -1.1% |
| Intangible fixed assets | 21 | - | €31,691 | +€31,691 | |
| Tangible fixed assets | 22/27 | €1,029,801 | €986,651 | -€43,151 | -4.2% |
| Land and buildings | 22 | €1,027,672 | €985,054 | -€42,618 | -4.1% |
| Furniture and vehicles | 24 | €2,129 | €1,597 | -€532 | -25.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €71,290 | €302,552 | +€231,261 | +324.4% |
| Amounts receivable within one year | 40/41 | €14,245 | €34,080 | +€19,835 | +139.2% |
| Trade receivables | 40 | €14,245 | €34,080 | +€19,835 | +139.2% |
| Current investments | 50/53 | €356 | €199,516 | +€199,159 | +55876.2% |
| Cash at bank and in hand | 54/58 | €54,946 | €67,769 | +€12,823 | +23.3% |
| Deferred charges and accrued income | 490/1 | €1,743 | €1,186 | -€557 | -31.9% |
| Total equity and liabilities | 10/49 | €1,101,317 | €1,321,118 | +€219,801 | +20.0% |
| Equity | 10/15 | €448,077 | €656,820 | +€208,743 | +46.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €429,477 | €638,220 | +€208,743 | +48.6% |
| Distributable reserves | 133 | €429,477 | €638,220 | +€208,743 | +48.6% |
| Amounts payable | 17/49 | €653,240 | €664,298 | +€11,058 | +1.7% |
| Amounts payable after more than one year | 17 | €531,214 | €484,761 | -€46,453 | -8.7% |
| Financial debts | 170/4 | €531,214 | €484,761 | -€46,453 | -8.7% |
| Amounts payable within one year | 42/48 | €122,026 | €177,564 | +€55,538 | +45.5% |
| Current portion of amounts payable after more than one year | 42 | €46,796 | €47,838 | +€1,042 | +2.2% |
| Financial debts | 43 | €1,528 | €1,518 | -€10 | -0.6% |
| Credit institutions | 430/8 | €1,528 | €1,518 | -€10 | -0.6% |
| Trade debts | 44 | €8,167 | €9,704 | +€1,537 | +18.8% |
| Suppliers | 440/4 | €8,167 | €9,704 | +€1,537 | +18.8% |
| Taxes, remuneration and social security | 45 | €18,397 | €72,408 | +€54,012 | +293.6% |
| Taxes | 450/3 | €18,397 | €72,408 | +€54,012 | +293.6% |
| Other amounts payable | 47/48 | €47,139 | €46,095 | -€1,044 | -2.2% |
| Accrued charges and deferred income | 492/3 | - | €1,973 | +€1,973 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,046 | €58,050 | +€11,004 | +23.4% |
| Other operating charges | 640/8 | €34,058 | €20,756 | -€13,302 | -39.1% |
| Gross operating margin | 9900 | €175,634 | €392,363 | +€216,729 | +123.4% |
| Operating profit (loss) | 9901 | €94,530 | €313,558 | +€219,027 | +231.7% |
| Financial income | 75/76B | €505 | €2,409 | +€1,904 | +376.7% |
| Recurring financial income | 75 | €505 | €2,409 | +€1,904 | +376.7% |
| Financial charges | 65/66B | €25,509 | €45,233 | +€19,724 | +77.3% |
| Recurring financial charges | 65 | €25,509 | €45,233 | +€19,724 | +77.3% |
| Profit (loss) for the period before taxes | 9903 | €69,527 | €270,734 | +€201,207 | +289.4% |
| Income taxes | 67/77 | €20,392 | €61,991 | +€41,599 | +204.0% |
| Profit (loss) for the period | 9904 | €49,135 | €208,743 | +€159,608 | +324.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,135 | €208,743 | +€159,608 | +324.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.