Threehouses: 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.
Threehouses
Largest movements
- Stocks and contracts -€126,467
down €126,467 (-20.8%), from €607,331 to €480,864
- Receivables within one year +€81,444
up €81,444 (+140%), from €58,303 to €139,747
of which Trade receivables: +€73,649
- Cash +€36,275
up €36,275 (+90.0%), from €40,304 to €76,579
mainly Net result for the year (+€150,171) and Stocks and contracts (+€126,467)
- Tangible fixed assets -€19,060
down €19,060 (-7.1%), from €269,675 to €250,615
of which Land and buildings: -€9,623
- Other debts -€254,260
down €254,260 (-85.7%), from €296,722 to €42,461
- Trade debts +€99,898
up €99,898 (+180%), from €55,609 to €155,507
- Tax, wage and social debts +€72,066
up €72,066 (+670%), from €10,753 to €82,819
of which Taxes: +€70,994
- Reserves +€57,961
up €57,961 (+9.7%), from €598,171 to €656,132
- Gross operating margin +€99,770
up €99,770 (+37.4%), from €266,851 to €366,621
- Financial charges +€26,150
up €26,150 (+362%), from €7,227 to €33,377
of which Financial charges: +€25,959
- Taxes +€21,146
up €21,146 (+44.2%), from €47,871 to €69,017
- Staff costs +€9,501
up €9,501 (+11.5%), from €82,526 to €92,027
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.
Derived cash bridge
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 | €984,082 | €955,580 | -€28,502 | -2.9% |
| Fixed assets | 21/28 | €270,465 | €251,405 | -€19,060 | -7.0% |
| Tangible fixed assets | 22/27 | €269,675 | €250,615 | -€19,060 | -7.1% |
| Land and buildings | 22 | €231,239 | €221,616 | -€9,623 | -4.2% |
| Furniture and vehicles | 24 | €35,936 | €27,198 | -€8,738 | -24.3% |
| Other tangible fixed assets | 26 | €2,500 | €1,801 | -€699 | -28.0% |
| Financial fixed assets | 28 | €790 | €790 | = | 0.0% |
| Current assets | 29/58 | €713,617 | €704,175 | -€9,442 | -1.3% |
| Stocks and contracts in progress | 3 | €607,331 | €480,864 | -€126,467 | -20.8% |
| Stocks | 30/36 | €607,331 | €480,864 | -€126,467 | -20.8% |
| Amounts receivable within one year | 40/41 | €58,303 | €139,747 | +€81,444 | +140% |
| Trade receivables | 40 | €41,763 | €115,412 | +€73,649 | +176% |
| Other amounts receivable | 41 | €16,540 | €24,334 | +€7,794 | +47.1% |
| Cash at bank and in hand | 54/58 | €40,304 | €76,579 | +€36,275 | +90.0% |
| Deferred charges and accrued income | 490/1 | €7,679 | €6,985 | -€694 | -9.0% |
| Total equity and liabilities | 10/49 | €984,082 | €955,580 | -€28,502 | -2.9% |
| Equity | 10/15 | €616,771 | €674,732 | +€57,961 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €598,171 | €656,132 | +€57,961 | +9.7% |
| Distributable reserves | 133 | €598,171 | €656,132 | +€57,961 | +9.7% |
| Amounts payable | 17/49 | €367,311 | €280,848 | -€86,462 | -23.5% |
| Amounts payable within one year | 42/48 | €367,251 | €280,787 | -€86,464 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €4,167 | - | -€4,167 | |
| Trade debts | 44 | €55,609 | €155,507 | +€99,898 | +180% |
| Suppliers | 440/4 | €55,609 | €155,507 | +€99,898 | +180% |
| Taxes, remuneration and social security | 45 | €10,753 | €82,819 | +€72,066 | +670% |
| Taxes | 450/3 | - | €70,994 | +€70,994 | |
| Remuneration and social security | 454/9 | €10,753 | €11,825 | +€1,072 | +10.0% |
| Other amounts payable | 47/48 | €296,722 | €42,461 | -€254,260 | -85.7% |
| Accrued charges and deferred income | 492/3 | €59 | €61 | +€2 | +3.4% |
| Remuneration, social security and pensions | 62 | €82,526 | €92,027 | +€9,501 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,659 | €18,869 | -€790 | -4.0% |
| Other operating charges | 640/8 | €1,781 | €3,296 | +€1,515 | +85.1% |
| Gross operating margin | 9900 | €266,851 | €366,621 | +€99,770 | +37.4% |
| Operating profit (loss) | 9901 | €162,885 | €252,429 | +€89,544 | +55.0% |
| Financial income | 75/76B | €1,042 | €135 | -€907 | -87.0% |
| Recurring financial income | 75 | €1,042 | €135 | -€907 | -87.0% |
| Financial charges | 65/66B | €7,227 | €33,377 | +€26,150 | +362% |
| Recurring financial charges | 65 | €7,227 | €33,185 | +€25,959 | +359% |
| Non-recurring financial charges | 66B | - | €191 | +€191 | |
| Profit (loss) for the period before taxes | 9903 | €156,700 | €219,188 | +€62,487 | +39.9% |
| Income taxes | 67/77 | €47,871 | €69,017 | +€21,146 | +44.2% |
| Profit (loss) for the period | 9904 | €108,829 | €150,171 | +€41,341 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,829 | €150,171 | +€41,341 | +38.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.