M3 Consultancy: 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.
M3 Consultancy
Largest movements
- Cash +€6,148
up €6,148 (+95.6%), from €6,433 to €12,581
mainly Net result for the year (+€6,802) and Depreciation (+€1,506)
- Receivables within one year +€3,266
up €3,266 (+18.6%), from €17,584 to €20,850
of which Trade receivables: +€2,570
- Tangible fixed assets -€433
down €433 (-11.7%), from €3,705 to €3,272
of which Land and buildings: -€256
- Reserves +€6,802
up €6,802 (+33.4%), from €20,392 to €27,194
- Tax, wage and social debts +€1,208
up €1,208 (+46.6%), from €2,593 to €3,801
- Trade debts +€709
new in 2025: €709
- Gross operating margin +€5,925
up €5,925 (+159.6%), from €3,712 to €9,636
- Taxes +€2,035
up €2,035 (+310.4%), from €656 to €2,691
- Financial income +€1,437
up €1,437 (+47906.7%), from €3 to €1,440
of which Non-recurring financial income: +€1,440
- Depreciation +€322
up €322 (+27.1%), from €1,185 to €1,506
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 | €27,985 | €36,703 | +€8,718 | +31.2% |
| Fixed assets | 21/28 | €3,705 | €3,272 | -€433 | -11.7% |
| Tangible fixed assets | 22/27 | €3,705 | €3,272 | -€433 | -11.7% |
| Land and buildings | 22 | €1,382 | €1,126 | -€256 | -18.5% |
| Plant, machinery and equipment | 23 | €2,322 | €2,146 | -€176 | -7.6% |
| Current assets | 29/58 | €24,280 | €33,431 | +€9,151 | +37.7% |
| Amounts receivable within one year | 40/41 | €17,584 | €20,850 | +€3,266 | +18.6% |
| Trade receivables | 40 | €825 | €3,395 | +€2,570 | +311.4% |
| Other amounts receivable | 41 | €16,759 | €17,455 | +€696 | +4.2% |
| Cash at bank and in hand | 54/58 | €6,433 | €12,581 | +€6,148 | +95.6% |
| Deferred charges and accrued income | 490/1 | €263 | - | -€263 | |
| Total equity and liabilities | 10/49 | €27,985 | €36,703 | +€8,718 | +31.2% |
| Equity | 10/15 | €25,392 | €32,194 | +€6,802 | +26.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,392 | €27,194 | +€6,802 | +33.4% |
| Distributable reserves | 133 | €20,392 | €27,194 | +€6,802 | +33.4% |
| Amounts payable | 17/49 | €2,593 | €4,509 | +€1,917 | +73.9% |
| Amounts payable within one year | 42/48 | €2,593 | €4,509 | +€1,917 | +73.9% |
| Trade debts | 44 | - | €709 | +€709 | |
| Suppliers | 440/4 | - | €709 | +€709 | |
| Taxes, remuneration and social security | 45 | €2,593 | €3,801 | +€1,208 | +46.6% |
| Taxes | 450/3 | €2,593 | €3,801 | +€1,208 | +46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,185 | €1,506 | +€322 | +27.1% |
| Gross operating margin | 9900 | €3,712 | €9,636 | +€5,925 | +159.6% |
| Operating profit (loss) | 9901 | €2,527 | €8,130 | +€5,603 | +221.7% |
| Financial income | 75/76B | €3 | €1,440 | +€1,437 | +47906.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.3% |
| Non-recurring financial income | 76B | - | €1,440 | +€1,440 | |
| Financial charges | 65/66B | €93 | €78 | -€15 | -16.2% |
| Recurring financial charges | 65 | €93 | €78 | -€15 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €2,437 | €9,493 | +€7,056 | +289.5% |
| Income taxes | 67/77 | €656 | €2,691 | +€2,035 | +310.4% |
| Profit (loss) for the period | 9904 | €1,782 | €6,802 | +€5,020 | +281.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,782 | €6,802 | +€5,020 | +281.8% |
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 5 October 2026 via checked.be.