THREELOGIS: 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.
THREELOGIS
Largest movements
- Stocks and contracts +€62,381
up €62,381 (+48.5%), from €128,546 to €190,927
- Cash -€22,709
down €22,709 (-75.6%), from €30,038 to €7,329
mainly Stocks and contracts (-€62,381) and Tax, wage and social debts (-€16,818)
- Other debts +€61,635
up €61,635 (+78.1%), from €78,892 to €140,527
- Tax, wage and social debts -€16,818
down €16,818 (-95.9%), from €17,534 to €716
- Reserves -€5,067
down €5,067 (-10.8%), from €46,863 to €41,796
- Gross operating margin -€87,051
down €87,051, from €83,066 to -€3,985
- Taxes -€17,293
no longer reported in 2025 (was €17,293)
- Purchases and services +€3,985
new in 2025: €3,985
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 | €160,475 | €200,387 | +€39,912 | +24.9% |
| Fixed assets | 21/28 | €1,891 | €2,131 | +€240 | +12.7% |
| Tangible fixed assets | 22/27 | €1,891 | €2,131 | +€240 | +12.7% |
| Plant, machinery and equipment | 23 | €1,891 | €2,131 | +€240 | +12.7% |
| Current assets | 29/58 | €158,584 | €198,256 | +€39,672 | +25.0% |
| Stocks and contracts in progress | 3 | €128,546 | €190,927 | +€62,381 | +48.5% |
| Stocks | 30/36 | €128,546 | €190,927 | +€62,381 | +48.5% |
| Cash at bank and in hand | 54/58 | €30,038 | €7,329 | -€22,709 | -75.6% |
| Total equity and liabilities | 10/49 | €160,475 | €200,387 | +€39,912 | +24.9% |
| Equity | 10/15 | €61,863 | €56,796 | -€5,067 | -8.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €46,863 | €41,796 | -€5,067 | -10.8% |
| Distributable reserves | 133 | €46,863 | €41,796 | -€5,067 | -10.8% |
| Amounts payable | 17/49 | €98,612 | €143,591 | +€44,979 | +45.6% |
| Amounts payable within one year | 42/48 | €98,612 | €143,591 | +€44,979 | +45.6% |
| Financial debts | 43 | - | €250 | +€250 | |
| Credit institutions | 430/8 | - | €250 | +€250 | |
| Trade debts | 44 | €2,186 | €2,098 | -€88 | -4.0% |
| Suppliers | 440/4 | €2,186 | €2,098 | -€88 | -4.0% |
| Taxes, remuneration and social security | 45 | €17,534 | €716 | -€16,818 | -95.9% |
| Taxes | 450/3 | €17,534 | €716 | -€16,818 | -95.9% |
| Other amounts payable | 47/48 | €78,892 | €140,527 | +€61,635 | +78.1% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €3,985 | +€3,985 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €424 | €586 | +€162 | +38.2% |
| Other operating charges | 640/8 | €20 | - | -€20 | |
| Gross operating margin | 9900 | €83,066 | -€3,985 | -€87,051 | |
| Operating profit (loss) | 9901 | €82,622 | -€4,571 | -€87,193 | |
| Financial charges | 65/66B | €299 | €496 | +€197 | +65.9% |
| Recurring financial charges | 65 | €299 | €496 | +€197 | +65.9% |
| Profit (loss) for the period before taxes | 9903 | €82,323 | -€5,067 | -€87,390 | |
| Income taxes | 67/77 | €17,293 | - | -€17,293 | |
| Profit (loss) for the period | 9904 | €65,030 | -€5,067 | -€70,097 | |
| Profit (loss) for the period to be appropriated | 9905 | €65,030 | -€5,067 | -€70,097 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.