THREECEE: 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.
THREECEE
Largest movements
- Cash +€25,617
up €25,617 (+100.1%), from €25,581 to €51,199
mainly Receivables within one year (+€15,067) and Net result for the year (+€13,577)
- Receivables within one year -€15,067
down €15,067 (-27.9%), from €53,963 to €38,895
of which Trade receivables: -€9,315
- Tangible fixed assets -€5,390
down €5,390 (-29.8%), from €18,075 to €12,685
of which Other tangible fixed assets: -€4,792
- Reserves +€13,577
up €13,577 (+17.7%), from €76,798 to €90,374
- Trade debts -€8,001
no longer reported in 2025 (was €8,001)
- Gross operating margin -€3,904
down €3,904 (-12.0%), from €32,452 to €28,549
- Depreciation -€1,880
down €1,880 (-25.9%), from €7,270 to €5,390
- Taxes -€741
down €741 (-9.0%), from €8,267 to €7,526
- Financial charges -€568
down €568 (-28.5%), from €1,989 to €1,421
- Financial income -€415
down €415 (-23.1%), from €1,798 to €1,383
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 | €98,369 | €103,529 | +€5,160 | +5.2% |
| Fixed assets | 21/28 | €18,375 | €12,985 | -€5,390 | -29.3% |
| Tangible fixed assets | 22/27 | €18,075 | €12,685 | -€5,390 | -29.8% |
| Furniture and vehicles | 24 | €1,531 | €933 | -€598 | -39.0% |
| Other tangible fixed assets | 26 | €16,544 | €11,752 | -€4,792 | -29.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €79,994 | €90,544 | +€10,550 | +13.2% |
| Amounts receivable within one year | 40/41 | €53,963 | €38,895 | -€15,067 | -27.9% |
| Trade receivables | 40 | €27,907 | €18,592 | -€9,315 | -33.4% |
| Other amounts receivable | 41 | €26,056 | €20,304 | -€5,752 | -22.1% |
| Cash at bank and in hand | 54/58 | €25,581 | €51,199 | +€25,617 | +100.1% |
| Deferred charges and accrued income | 490/1 | €450 | €450 | = | 0.0% |
| Total equity and liabilities | 10/49 | €98,369 | €103,529 | +€5,160 | +5.2% |
| Equity | 10/15 | €82,995 | €96,572 | +€13,577 | +16.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Contributions outside capital | 11 | €6,197 | €6,197 | = | 0.0% |
| Other | 1109/19 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €76,798 | €90,374 | +€13,577 | +17.7% |
| Distributable reserves | 133 | €76,798 | €90,374 | +€13,577 | +17.7% |
| Amounts payable | 17/49 | €15,374 | €6,958 | -€8,417 | -54.7% |
| Amounts payable within one year | 42/48 | €15,374 | €6,958 | -€8,417 | -54.7% |
| Trade debts | 44 | €8,001 | - | -€8,001 | |
| Suppliers | 440/4 | €8,001 | - | -€8,001 | |
| Taxes, remuneration and social security | 45 | €7,374 | €6,958 | -€416 | -5.6% |
| Taxes | 450/3 | €7,374 | €6,958 | -€416 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,270 | €5,390 | -€1,880 | -25.9% |
| Other operating charges | 640/8 | €1,881 | €2,018 | +€137 | +7.3% |
| Gross operating margin | 9900 | €32,452 | €28,549 | -€3,904 | -12.0% |
| Operating profit (loss) | 9901 | €23,302 | €21,141 | -€2,161 | -9.3% |
| Financial income | 75/76B | €1,798 | €1,383 | -€415 | -23.1% |
| Recurring financial income | 75 | €1,798 | €1,383 | -€415 | -23.1% |
| Financial charges | 65/66B | €1,989 | €1,421 | -€568 | -28.5% |
| Recurring financial charges | 65 | €1,989 | €1,421 | -€568 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €23,111 | €21,102 | -€2,009 | -8.7% |
| Income taxes | 67/77 | €8,267 | €7,526 | -€741 | -9.0% |
| Profit (loss) for the period | 9904 | €14,845 | €13,577 | -€1,268 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,845 | €13,577 | -€1,268 | -8.5% |
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.