ThreePower: 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.
ThreePower
Largest movements
- Current investments +€650,000
new in 2025: €650,000
- Cash -€620,303
down €620,303 (-77.7%), from €798,191 to €177,888
mainly Current investments (-€650,000) and Net result for the year (-€90,387)
- Tangible fixed assets -€181,524
down €181,524 (-17.7%), from €1.0m to €842,522
of which Plant, machinery and equipment: -€163,881
- Profit (loss) carried forward -€90,387
down €90,387 (-79.5%), from -€113,678 to -€204,065
- Debts after one year -€56,839
down €56,839 (-3.1%), from €1.8m to €1.8m
- Tax, wage and social debts -€28,384
down €28,384 (-97.5%), from €29,126 to €742
- Financial income -€400,380
down €400,380 (-97.5%), from €410,500 to €10,121
- Gross operating margin +€122,292
up €122,292 (+182.0%), from €67,185 to €189,477
- Financial charges -€113,694
down €113,694 (-51.2%), from €222,014 to €108,320
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 | €2,177,026 | €2,016,889 | -€160,137 | -7.4% |
| Fixed assets | 21/28 | €1,024,046 | €842,522 | -€181,524 | -17.7% |
| Tangible fixed assets | 22/27 | €1,024,046 | €842,522 | -€181,524 | -17.7% |
| Plant, machinery and equipment | 23 | €829,976 | €666,095 | -€163,881 | -19.7% |
| Leasing and similar rights | 25 | €194,070 | €176,427 | -€17,643 | -9.1% |
| Current assets | 29/58 | €1,152,980 | €1,174,367 | +€21,387 | +1.9% |
| Amounts receivable within one year | 40/41 | €348,441 | €341,087 | -€7,354 | -2.1% |
| Trade receivables | 40 | €294,069 | €237,789 | -€56,280 | -19.1% |
| Other amounts receivable | 41 | €54,372 | €103,298 | +€48,926 | +90.0% |
| Current investments | 50/53 | - | €650,000 | +€650,000 | |
| Cash at bank and in hand | 54/58 | €798,191 | €177,888 | -€620,303 | -77.7% |
| Deferred charges and accrued income | 490/1 | €6,348 | €5,392 | -€956 | -15.1% |
| Total equity and liabilities | 10/49 | €2,177,026 | €2,016,889 | -€160,137 | -7.4% |
| Equity | 10/15 | -€35,000 | -€125,387 | -€90,387 | -258.2% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,678 | -€204,065 | -€90,387 | -79.5% |
| Investment grants | 15 | €15,678 | €15,678 | = | 0.0% |
| Amounts payable | 17/49 | €2,212,026 | €2,142,276 | -€69,750 | -3.2% |
| Amounts payable after more than one year | 17 | €1,811,553 | €1,754,714 | -€56,839 | -3.1% |
| Financial debts | 170/4 | €1,811,553 | €1,754,714 | -€56,839 | -3.1% |
| Amounts payable within one year | 42/48 | €400,474 | €387,562 | -€12,911 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €142,663 | €143,543 | +€879 | +0.6% |
| Trade debts | 44 | €28,649 | €35,209 | +€6,561 | +22.9% |
| Suppliers | 440/4 | €28,649 | €35,209 | +€6,561 | +22.9% |
| Taxes, remuneration and social security | 45 | €29,126 | €742 | -€28,384 | -97.5% |
| Taxes | 450/3 | €29,126 | €742 | -€28,384 | -97.5% |
| Other amounts payable | 47/48 | €200,035 | €208,068 | +€8,033 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,524 | €181,524 | = | 0.0% |
| Other operating charges | 640/8 | €307 | €141 | -€167 | -54.2% |
| Gross operating margin | 9900 | €67,185 | €189,477 | +€122,292 | +182.0% |
| Operating profit (loss) | 9901 | -€114,646 | €7,812 | +€122,458 | |
| Financial income | 75/76B | €410,500 | €10,121 | -€400,380 | -97.5% |
| Recurring financial income | 75 | €410,500 | €10,121 | -€400,380 | -97.5% |
| Financial charges | 65/66B | €222,014 | €108,320 | -€113,694 | -51.2% |
| Recurring financial charges | 65 | €222,014 | €108,320 | -€113,694 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €73,841 | -€90,387 | -€164,228 | |
| Profit (loss) for the period | 9904 | €73,841 | -€90,387 | -€164,228 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,841 | -€90,387 | -€164,228 |
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 29 September 2026 via checked.be.