3MF-Projects: 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.
3MF-Projects
Largest movements
- Stocks and contracts +€275,663
up €275,663 (+2554.6%), from €10,791 to €286,455
- Tangible fixed assets -€39,794
down €39,794 (-3.6%), from €1.1m to €1.1m
of which Land and buildings: -€29,206
- Other debts +€237,968
up €237,968 (+26.4%), from €902,755 to €1.1m
- Trade debts +€23,699
up €23,699 (+813.9%), from €2,912 to €26,611
- Debts after one year -€21,560
down €21,560 (-6.0%), from €357,773 to €336,213
- Tax, wage and social debts -€16,170
down €16,170 (-99.9%), from €16,180 to €11
- Gross operating margin +€54,335
up €54,335, from -€931 to €53,405
- Other operating charges -€47,087
down €47,087 (-91.6%), from €51,387 to €4,300
- Depreciation +€9,832
up €9,832 (+42.9%), from €22,924 to €32,757
- Financial charges -€831
down €831 (-5.2%), from €15,973 to €15,142
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 | €1,140,890 | €1,368,075 | +€227,185 | +19.9% |
| Fixed assets | 21/28 | €1,111,692 | €1,071,898 | -€39,794 | -3.6% |
| Tangible fixed assets | 22/27 | €1,111,692 | €1,071,898 | -€39,794 | -3.6% |
| Land and buildings | 22 | €1,089,929 | €1,060,723 | -€29,206 | -2.7% |
| Plant, machinery and equipment | 23 | €11,001 | - | -€11,001 | |
| Furniture and vehicles | 24 | €10,762 | €11,174 | +€413 | +3.8% |
| Current assets | 29/58 | €29,198 | €296,177 | +€266,979 | +914.4% |
| Stocks and contracts in progress | 3 | €10,791 | €286,455 | +€275,663 | +2554.6% |
| Contracts in progress | 37 | €10,791 | €286,455 | +€275,663 | +2554.6% |
| Amounts receivable within one year | 40/41 | €38 | €788 | +€751 | +2001.9% |
| Other amounts receivable | 41 | €38 | €788 | +€751 | +2001.9% |
| Cash at bank and in hand | 54/58 | €17,703 | €8,331 | -€9,371 | -52.9% |
| Deferred charges and accrued income | 490/1 | €667 | €603 | -€64 | -9.6% |
| Total equity and liabilities | 10/49 | €1,140,890 | €1,368,075 | +€227,185 | +19.9% |
| Equity | 10/15 | -€159,441 | -€158,118 | +€1,323 | +0.8% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€171,441 | -€170,118 | +€1,323 | +0.8% |
| Amounts payable | 17/49 | €1,300,331 | €1,526,193 | +€225,862 | +17.4% |
| Amounts payable after more than one year | 17 | €357,773 | €336,213 | -€21,560 | -6.0% |
| Financial debts | 170/4 | €357,773 | €336,213 | -€21,560 | -6.0% |
| Amounts payable within one year | 42/48 | €942,558 | €1,188,904 | +€246,347 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €20,710 | €21,560 | +€849 | +4.1% |
| Trade debts | 44 | €2,912 | €26,611 | +€23,699 | +813.9% |
| Suppliers | 440/4 | €2,912 | €26,611 | +€23,699 | +813.9% |
| Taxes, remuneration and social security | 45 | €16,180 | €11 | -€16,170 | -99.9% |
| Taxes | 450/3 | €16,180 | €11 | -€16,170 | -99.9% |
| Other amounts payable | 47/48 | €902,755 | €1,140,723 | +€237,968 | +26.4% |
| Accrued charges and deferred income | 492/3 | - | €1,075 | +€1,075 | |
| Non-recurring operating income | 76A | - | €8,999 | +€8,999 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,924 | €32,757 | +€9,832 | +42.9% |
| Other operating charges | 640/8 | €51,387 | €4,300 | -€47,087 | -91.6% |
| Gross operating margin | 9900 | -€931 | €53,405 | +€54,335 | |
| Operating profit (loss) | 9901 | -€75,243 | €16,348 | +€91,591 | |
| Financial income | 75/76B | €424 | €116 | -€308 | -72.5% |
| Recurring financial income | 75 | €424 | €116 | -€308 | -72.5% |
| Financial charges | 65/66B | €15,973 | €15,142 | -€831 | -5.2% |
| Recurring financial charges | 65 | €15,973 | €15,142 | -€831 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€90,791 | €1,323 | +€92,114 | |
| Profit (loss) for the period | 9904 | -€90,791 | €1,323 | +€92,114 | |
| Profit (loss) for the period to be appropriated | 9905 | -€90,791 | €1,323 | +€92,114 |
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 6 October 2026 via checked.be.