3M2E: 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.
3M2E
Largest movements
- Tangible fixed assets -€47,552
down €47,552 (-5.4%), from €875,535 to €827,983
of which Other tangible fixed assets: -€799,827
- Cash -€31,578
down €31,578 (-77.9%), from €40,540 to €8,962
mainly Debts after one year (-€114,567) and Other debts (-€15,000)
- Receivables within one year -€22,219
down €22,219 (-6.8%), from €326,076 to €303,857
of which Other amounts receivable: -€22,219
- Debts after one year -€114,567
down €114,567 (-15.9%), from €722,481 to €607,914
- Profit (loss) carried forward +€44,765
up €44,765 (+9.0%), from €498,340 to €543,105
- Gross operating margin -€102,078
down €102,078 (-43.4%), from €235,155 to €133,077
- Provisions +€30,511
no longer reported in 2023 (was -€30,511)
- Taxes +€14,338
new in 2023: €14,338
- Depreciation +€9,211
up €9,211 (+24.0%), from €38,341 to €47,552
- Financial charges -€5,964
down €5,964 (-26.5%), from €22,477 to €16,513
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,513,337 | €1,411,587 | -€101,750 | -6.7% |
| Fixed assets | 21/28 | €1,144,939 | €1,097,352 | -€47,587 | -4.2% |
| Tangible fixed assets | 22/27 | €875,535 | €827,983 | -€47,552 | -5.4% |
| Land and buildings | 22 | €3,573 | €771,475 | +€767,902 | +21490.5% |
| Plant, machinery and equipment | 23 | €5,171 | €4,007 | -€1,164 | -22.5% |
| Leasing and similar rights | 25 | €66,964 | €52,501 | -€14,463 | -21.6% |
| Other tangible fixed assets | 26 | €799,827 | - | -€799,827 | |
| Financial fixed assets | 28 | €269,404 | €269,369 | -€35 | 0.0% |
| Current assets | 29/58 | €368,398 | €314,235 | -€54,163 | -14.7% |
| Amounts receivable within one year | 40/41 | €326,076 | €303,857 | -€22,219 | -6.8% |
| Trade receivables | 40 | €15,031 | €15,031 | = | 0.0% |
| Other amounts receivable | 41 | €311,045 | €288,826 | -€22,219 | -7.1% |
| Cash at bank and in hand | 54/58 | €40,540 | €8,962 | -€31,578 | -77.9% |
| Deferred charges and accrued income | 490/1 | €1,783 | €1,417 | -€366 | -20.5% |
| Total equity and liabilities | 10/49 | €1,513,337 | €1,411,587 | -€101,750 | -6.7% |
| Equity | 10/15 | €518,800 | €563,565 | +€44,765 | +8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €498,340 | €543,105 | +€44,765 | +9.0% |
| Amounts payable | 17/49 | €994,538 | €848,022 | -€146,515 | -14.7% |
| Amounts payable after more than one year | 17 | €722,481 | €607,914 | -€114,567 | -15.9% |
| Financial debts | 170/4 | €722,481 | €607,914 | -€114,567 | -15.9% |
| Amounts payable within one year | 42/48 | €258,909 | €240,108 | -€18,800 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €112,021 | €114,567 | +€2,546 | +2.3% |
| Trade debts | 44 | €4,491 | €3,482 | -€1,009 | -22.5% |
| Suppliers | 440/4 | €4,491 | €3,482 | -€1,009 | -22.5% |
| Taxes, remuneration and social security | 45 | €7,397 | €2,059 | -€5,337 | -72.2% |
| Taxes | 450/3 | €7,397 | €2,059 | -€5,337 | -72.2% |
| Other amounts payable | 47/48 | €135,000 | €120,000 | -€15,000 | -11.1% |
| Accrued charges and deferred income | 492/3 | €13,148 | - | -€13,148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,341 | €47,552 | +€9,211 | +24.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€30,511 | - | +€30,511 | |
| Other operating charges | 640/8 | €7,952 | €9,874 | +€1,922 | +24.2% |
| Non-recurring operating charges | 66A | - | €35 | +€35 | |
| Gross operating margin | 9900 | €235,155 | €133,077 | -€102,078 | -43.4% |
| Operating profit (loss) | 9901 | €219,373 | €75,616 | -€143,757 | -65.5% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €22,477 | €16,513 | -€5,964 | -26.5% |
| Recurring financial charges | 65 | €22,477 | €16,513 | -€5,964 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €196,908 | €59,103 | -€137,804 | -70.0% |
| Income taxes | 67/77 | - | €14,338 | +€14,338 | |
| Profit (loss) for the period | 9904 | €196,908 | €44,765 | -€152,142 | -77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €196,908 | €44,765 | -€152,142 | -77.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.