3MJ: 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.
3MJ
Largest movements
- Tangible fixed assets +€344,432
up €344,432 (+1056.1%), from €32,613 to €377,045
of which Land and buildings: +€350,739
- Cash -€26,269
down €26,269 (-35.4%), from €74,225 to €47,956
mainly Investment in fixed assets (net) (-€367,099) and Contributions, distributions and other (-€50,000)
- Receivables within one year +€14,324
up €14,324 (+14.8%), from €96,730 to €111,054
of which Other amounts receivable: +€18,452
- Stocks and contracts +€8,531
up €8,531 (+21.3%), from €40,000 to €48,531
- Debts after one year +€278,027
up €278,027 (+1417.4%), from €19,615 to €297,642
- Profit (loss) carried forward +€37,352
new in 2025: €37,352
- Current portion of long-term debt +€18,936
up €18,936 (+167.4%), from €11,313 to €30,249
- Other debts +€15,048
up €15,048 (+14.3%), from €104,975 to €120,023
- Trade debts -€9,937
down €9,937 (-36.4%), from €27,294 to €17,357
- Gross operating margin +€38,945
up €38,945 (+36.0%), from €108,158 to €147,103
- Depreciation +€10,943
up €10,943 (+93.3%), from €11,724 to €22,667
- Financial charges +€9,790
up €9,790 (+719.7%), from €1,360 to €11,150
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 | €246,998 | €585,181 | +€338,183 | +136.9% |
| Fixed assets | 21/28 | €32,613 | €377,045 | +€344,432 | +1056.1% |
| Tangible fixed assets | 22/27 | €32,613 | €377,045 | +€344,432 | +1056.1% |
| Land and buildings | 22 | - | €350,739 | +€350,739 | |
| Plant, machinery and equipment | 23 | €32,026 | €18,846 | -€13,180 | -41.2% |
| Furniture and vehicles | 24 | €588 | €7,460 | +€6,872 | +1169.3% |
| Current assets | 29/58 | €214,385 | €208,136 | -€6,249 | -2.9% |
| Stocks and contracts in progress | 3 | €40,000 | €48,531 | +€8,531 | +21.3% |
| Stocks | 30/36 | €40,000 | €48,531 | +€8,531 | +21.3% |
| Amounts receivable within one year | 40/41 | €96,730 | €111,054 | +€14,324 | +14.8% |
| Trade receivables | 40 | €81,979 | €77,852 | -€4,127 | -5.0% |
| Other amounts receivable | 41 | €14,750 | €33,202 | +€18,452 | +125.1% |
| Cash at bank and in hand | 54/58 | €74,225 | €47,956 | -€26,269 | -35.4% |
| Deferred charges and accrued income | 490/1 | €3,430 | €595 | -€2,835 | -82.7% |
| Total equity and liabilities | 10/49 | €246,998 | €585,181 | +€338,183 | +136.9% |
| Equity | 10/15 | €20,461 | €57,813 | +€37,352 | +182.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,861 | €1,861 | -€0 | 0.0% |
| Distributable reserves | 133 | €1,861 | €1,861 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | €37,352 | +€37,352 | |
| Amounts payable | 17/49 | €226,537 | €527,368 | +€300,831 | +132.8% |
| Amounts payable after more than one year | 17 | €19,615 | €297,642 | +€278,027 | +1417.4% |
| Financial debts | 170/4 | €19,615 | €297,642 | +€278,027 | +1417.4% |
| Amounts payable within one year | 42/48 | €200,461 | €229,726 | +€29,265 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €11,313 | €30,249 | +€18,936 | +167.4% |
| Trade debts | 44 | €27,294 | €17,357 | -€9,937 | -36.4% |
| Suppliers | 440/4 | €27,294 | €17,357 | -€9,937 | -36.4% |
| Taxes, remuneration and social security | 45 | €56,879 | €62,097 | +€5,218 | +9.2% |
| Taxes | 450/3 | €56,879 | €58,182 | +€1,303 | +2.3% |
| Remuneration and social security | 454/9 | - | €3,915 | +€3,915 | |
| Other amounts payable | 47/48 | €104,975 | €120,023 | +€15,048 | +14.3% |
| Accrued charges and deferred income | 492/3 | €6,460 | - | -€6,460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,724 | €22,667 | +€10,943 | +93.3% |
| Other operating charges | 640/8 | €2,765 | €2,606 | -€159 | -5.7% |
| Gross operating margin | 9900 | €108,158 | €147,103 | +€38,945 | +36.0% |
| Operating profit (loss) | 9901 | €93,670 | €121,830 | +€28,160 | +30.1% |
| Financial income | 75/76B | €643 | €401 | -€242 | -37.7% |
| Recurring financial income | 75 | €643 | €401 | -€242 | -37.7% |
| Financial charges | 65/66B | €1,360 | €11,150 | +€9,790 | +719.7% |
| Recurring financial charges | 65 | €1,360 | €11,150 | +€9,790 | +719.7% |
| Profit (loss) for the period before taxes | 9903 | €92,953 | €111,081 | +€18,128 | +19.5% |
| Income taxes | 67/77 | €25,067 | €23,729 | -€1,338 | -5.3% |
| Profit (loss) for the period | 9904 | €67,885 | €87,352 | +€19,467 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,885 | €87,352 | +€19,467 | +28.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.