THREES ENTREPRISES: 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.
THREES ENTREPRISES
Largest movements
- Receivables within one year -€58,821
down €58,821 (-46.1%), from €127,577 to €68,756
of which Other amounts receivable: -€58,821
- Tangible fixed assets +€17,061
up €17,061 (+4.9%), from €345,653 to €362,714
of which Furniture and vehicles: +€20,693
- Cash -€12,036
down €12,036 (-37.2%), from €32,394 to €20,359
mainly Investment in fixed assets (net) (-€54,639) and Contributions, distributions and other (-€47,125)
- Debts after one year -€36,493
down €36,493 (-21.5%), from €169,890 to €133,398
- Reserves -€26,710
down €26,710 (-10.2%), from €262,869 to €236,159
of which Distributable reserves: -€26,710
- Current portion of long-term debt +€11,918
up €11,918 (+26.2%), from €45,556 to €57,475
- Short-term financial debts -€6,544
no longer reported in 2025 (was €6,544)
- Gross operating margin +€11,543
up €11,543 (+17.6%), from €65,677 to €77,220
- Other operating charges -€7,243
down €7,243 (-77.0%), from €9,401 to €2,158
- Depreciation +€4,171
up €4,171 (+12.5%), from €33,407 to €37,577
- Taxes -€1,650
down €1,650 (-13.3%), from €12,444 to €10,794
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 | €511,020 | €455,829 | -€55,191 | -10.8% |
| Fixed assets | 21/28 | €345,653 | €362,714 | +€17,061 | +4.9% |
| Tangible fixed assets | 22/27 | €345,653 | €362,714 | +€17,061 | +4.9% |
| Land and buildings | 22 | €262,377 | €258,745 | -€3,632 | -1.4% |
| Furniture and vehicles | 24 | €83,276 | €103,969 | +€20,693 | +24.8% |
| Current assets | 29/58 | €165,367 | €93,114 | -€72,253 | -43.7% |
| Amounts receivable within one year | 40/41 | €127,577 | €68,756 | -€58,821 | -46.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €127,577 | €68,756 | -€58,821 | -46.1% |
| Cash at bank and in hand | 54/58 | €32,394 | €20,359 | -€12,036 | -37.2% |
| Deferred charges and accrued income | 490/1 | €5,396 | €4,000 | -€1,396 | -25.9% |
| Total equity and liabilities | 10/49 | €511,020 | €455,829 | -€55,191 | -10.8% |
| Equity | 10/15 | €269,069 | €242,359 | -€26,710 | -9.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €262,869 | €236,159 | -€26,710 | -10.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €261,009 | €234,299 | -€26,710 | -10.2% |
| Amounts payable | 17/49 | €241,950 | €213,470 | -€28,481 | -11.8% |
| Amounts payable after more than one year | 17 | €169,890 | €133,398 | -€36,493 | -21.5% |
| Financial debts | 170/4 | €169,890 | €133,398 | -€36,493 | -21.5% |
| Amounts payable within one year | 42/48 | €72,060 | €80,072 | +€8,012 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €45,556 | €57,475 | +€11,918 | +26.2% |
| Financial debts | 43 | €6,544 | - | -€6,544 | |
| Other loans | 439 | €6,544 | - | -€6,544 | |
| Trade debts | 44 | €3,581 | €3,239 | -€341 | -9.5% |
| Suppliers | 440/4 | €3,581 | €3,239 | -€341 | -9.5% |
| Taxes, remuneration and social security | 45 | €16,379 | €18,458 | +€2,079 | +12.7% |
| Taxes | 450/3 | €16,379 | €18,458 | +€2,079 | +12.7% |
| Other amounts payable | 47/48 | - | €900 | +€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,407 | €37,577 | +€4,171 | +12.5% |
| Other operating charges | 640/8 | €9,401 | €2,158 | -€7,243 | -77.0% |
| Gross operating margin | 9900 | €65,677 | €77,220 | +€11,543 | +17.6% |
| Operating profit (loss) | 9901 | €22,869 | €37,485 | +€14,616 | +63.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,261 | €6,277 | +€16 | +0.3% |
| Recurring financial charges | 65 | €6,261 | €6,277 | +€16 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €16,608 | €31,208 | +€14,600 | +87.9% |
| Income taxes | 67/77 | €12,444 | €10,794 | -€1,650 | -13.3% |
| Profit (loss) for the period | 9904 | €4,165 | €20,415 | +€16,250 | +390% |
| Profit (loss) for the period to be appropriated | 9905 | €4,165 | €20,415 | +€16,250 | +390% |
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 17 October 2026 via checked.be.