M.N3.S.: 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.
M.N3.S.
Largest movements
- Cash +€2,799
up €2,799 (+18,710%), from €15 to €2,814
mainly Net result for the year (+€4,049) and Depreciation (+€1,060)
- Tangible fixed assets -€1,060
down €1,060 (-25.0%), from €4,240 to €3,180
- Profit (loss) carried forward +€4,049
up €4,049 (+120%), from €3,378 to €7,427
- Tax, wage and social debts -€1,700
no longer reported in 2025 (was €1,700)
- Trade debts -€730
no longer reported in 2025 (was €730)
- Gross operating margin +€12,045
up €12,045, from -€5,158 to €6,887
- Other operating charges +€434
up €434 (+41.4%), from €1,049 to €1,483
- Staff costs +€205
new in 2025: €205
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 | €34,331 | €36,254 | +€1,924 | +5.6% |
| Fixed assets | 21/28 | €34,240 | €33,180 | -€1,060 | -3.1% |
| Intangible fixed assets | 21 | €30,000 | €30,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €4,240 | €3,180 | -€1,060 | -25.0% |
| Furniture and vehicles | 24 | €4,240 | €3,180 | -€1,060 | -25.0% |
| Current assets | 29/58 | €91 | €3,074 | +€2,984 | +3,292% |
| Amounts receivable within one year | 40/41 | €76 | €260 | +€185 | +244% |
| Other amounts receivable | 41 | €76 | €260 | +€185 | +244% |
| Cash at bank and in hand | 54/58 | €15 | €2,814 | +€2,799 | +18,710% |
| Total equity and liabilities | 10/49 | €34,331 | €36,254 | +€1,924 | +5.6% |
| Equity | 10/15 | €23,829 | €27,878 | +€4,049 | +17.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,378 | €7,427 | +€4,049 | +120% |
| Amounts payable | 17/49 | €10,502 | €8,376 | -€2,126 | -20.2% |
| Amounts payable within one year | 42/48 | €10,502 | €8,376 | -€2,126 | -20.2% |
| Trade debts | 44 | €730 | - | -€730 | |
| Suppliers | 440/4 | €730 | - | -€730 | |
| Taxes, remuneration and social security | 45 | €1,700 | - | -€1,700 | |
| Remuneration and social security | 454/9 | €1,700 | - | -€1,700 | |
| Other amounts payable | 47/48 | €8,072 | €8,376 | +€304 | +3.8% |
| Remuneration, social security and pensions | 62 | - | €205 | +€205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,060 | €1,060 | = | 0.0% |
| Other operating charges | 640/8 | €1,049 | €1,483 | +€434 | +41.4% |
| Gross operating margin | 9900 | -€5,158 | €6,887 | +€12,045 | |
| Operating profit (loss) | 9901 | -€7,267 | €4,138 | +€11,405 | |
| Financial charges | 65/66B | €151 | €89 | -€61 | -40.8% |
| Recurring financial charges | 65 | €151 | €89 | -€61 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,417 | €4,049 | +€11,467 | |
| Profit (loss) for the period | 9904 | -€7,417 | €4,049 | +€11,467 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,417 | €4,049 | +€11,467 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.