M3 INVEST: what changed
M3 INVEST
Largest movements
- Receivables within one year +€21,648
up €21,648 (+106%), from €20,405 to €42,053
of which Other amounts receivable: +€21,648
- Cash -€18,566
down €18,566 (-79.3%), from €23,402 to €4,836
mainly Receivables within one year (-€21,648) and Trade debts (-€12,202)
- Tangible fixed assets -€949
down €949 (-26.8%), from €3,541 to €2,592
- Trade debts -€12,202
down €12,202 (-66.1%), from €18,460 to €6,258
- Other debts +€11,000
up €11,000 (+2,450%), from €449 to €11,449
- Profit (loss) carried forward +€6,910
up €6,910 (+61.4%), from €11,254 to €18,164
- Tax, wage and social debts -€3,576
down €3,576 (-24.4%), from €14,685 to €11,110
- Gross operating margin -€28,507
down €28,507 (-74.6%), from €38,228 to €9,721
- Taxes -€7,689
down €7,689 (-81.9%), from €9,389 to €1,700
- Depreciation +€443
up €443 (+87.5%), from €506 to €949
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,348 | €49,480 | +€2,133 | +4.5% |
| Fixed assets | 21/28 | €3,541 | €2,592 | -€949 | -26.8% |
| Tangible fixed assets | 22/27 | €3,541 | €2,592 | -€949 | -26.8% |
| Furniture and vehicles | 24 | €3,541 | €2,592 | -€949 | -26.8% |
| Current assets | 29/58 | €43,807 | €46,889 | +€3,082 | +7.0% |
| Amounts receivable within one year | 40/41 | €20,405 | €42,053 | +€21,648 | +106% |
| Trade receivables | 40 | €20,200 | €20,200 | = | 0.0% |
| Other amounts receivable | 41 | €205 | €21,853 | +€21,648 | +10,561% |
| Cash at bank and in hand | 54/58 | €23,402 | €4,836 | -€18,566 | -79.3% |
| Total equity and liabilities | 10/49 | €47,348 | €49,480 | +€2,133 | +4.5% |
| Equity | 10/15 | €13,754 | €20,664 | +€6,910 | +50.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,254 | €18,164 | +€6,910 | +61.4% |
| Amounts payable | 17/49 | €33,594 | €28,816 | -€4,778 | -14.2% |
| Amounts payable within one year | 42/48 | €33,594 | €28,816 | -€4,778 | -14.2% |
| Trade debts | 44 | €18,460 | €6,258 | -€12,202 | -66.1% |
| Suppliers | 440/4 | €18,460 | €6,258 | -€12,202 | -66.1% |
| Taxes, remuneration and social security | 45 | €14,685 | €11,110 | -€3,576 | -24.4% |
| Taxes | 450/3 | €14,685 | €11,110 | -€3,576 | -24.4% |
| Other amounts payable | 47/48 | €449 | €11,449 | +€11,000 | +2,450% |
| Remuneration, social security and pensions | 62 | - | €15 | +€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €506 | €949 | +€443 | +87.5% |
| Gross operating margin | 9900 | €38,228 | €9,721 | -€28,507 | -74.6% |
| Operating profit (loss) | 9901 | €37,722 | €8,757 | -€28,965 | -76.8% |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €240 | €146 | -€94 | -39.0% |
| Recurring financial charges | 65 | €240 | €146 | -€94 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €37,500 | €8,611 | -€28,889 | -77.0% |
| Income taxes | 67/77 | €9,389 | €1,700 | -€7,689 | -81.9% |
| Profit (loss) for the period | 9904 | €28,111 | €6,910 | -€21,200 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,111 | €6,910 | -€21,200 | -75.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.