M3 makelaars: 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 makelaars
Largest movements
- Receivables within one year +€9,501
up €9,501 (+96.3%), from €9,869 to €19,370
of which Trade receivables: +€8,511
- Deferred charges and accrued income +€4,352
up €4,352 (+264.7%), from €1,644 to €5,996
- Cash +€2,604
up €2,604 (+544.7%), from €478 to €3,082
mainly Accrued charges and deferred income (+€6,941) and Trade debts (+€6,647)
- Tangible fixed assets -€341
down €341 (-43.2%), from €789 to €448
- Accrued charges and deferred income +€6,941
up €6,941 (+5537.9%), from €125 to €7,066
- Trade debts +€6,647
up €6,647 (+75.6%), from €8,795 to €15,442
- Reserves +€2,901
up €2,901 (+115.9%), from €2,503 to €5,404
- Tax, wage and social debts -€373
down €373 (-27.5%), from €1,356 to €983
- Financial charges -€1,396
down €1,396 (-81.7%), from €1,708 to €312
- Gross operating margin +€1,269
up €1,269 (+27.1%), from €4,681 to €5,950
- Other operating charges -€1,113
down €1,113 (-42.5%), from €2,619 to €1,506
- Taxes +€983
new in 2025: €983
- Depreciation +€107
up €107 (+45.6%), from €234 to €341
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 | €12,780 | €28,895 | +€16,116 | +126.1% |
| Fixed assets | 21/28 | €789 | €448 | -€341 | -43.2% |
| Tangible fixed assets | 22/27 | €789 | €448 | -€341 | -43.2% |
| Plant, machinery and equipment | 23 | €789 | €448 | -€341 | -43.2% |
| Current assets | 29/58 | €11,991 | €28,447 | +€16,457 | +137.2% |
| Amounts receivable within one year | 40/41 | €9,869 | €19,370 | +€9,501 | +96.3% |
| Trade receivables | 40 | €9,869 | €18,379 | +€8,511 | +86.2% |
| Other amounts receivable | 41 | - | €990 | +€990 | |
| Cash at bank and in hand | 54/58 | €478 | €3,082 | +€2,604 | +544.7% |
| Deferred charges and accrued income | 490/1 | €1,644 | €5,996 | +€4,352 | +264.7% |
| Total equity and liabilities | 10/49 | €12,780 | €28,895 | +€16,116 | +126.1% |
| Equity | 10/15 | €2,503 | €5,404 | +€2,901 | +115.9% |
| Reserves | 13 | €2,503 | €5,404 | +€2,901 | +115.9% |
| Distributable reserves | 133 | €2,503 | €5,404 | +€2,901 | +115.9% |
| Amounts payable | 17/49 | €10,276 | €23,491 | +€13,215 | +128.6% |
| Amounts payable within one year | 42/48 | €10,151 | €16,425 | +€6,274 | +61.8% |
| Trade debts | 44 | €8,795 | €15,442 | +€6,647 | +75.6% |
| Suppliers | 440/4 | €8,795 | €15,442 | +€6,647 | +75.6% |
| Taxes, remuneration and social security | 45 | €1,356 | €983 | -€373 | -27.5% |
| Taxes | 450/3 | €1,356 | €983 | -€373 | -27.5% |
| Accrued charges and deferred income | 492/3 | €125 | €7,066 | +€6,941 | +5537.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234 | €341 | +€107 | +45.6% |
| Other operating charges | 640/8 | €2,619 | €1,506 | -€1,113 | -42.5% |
| Gross operating margin | 9900 | €4,681 | €5,950 | +€1,269 | +27.1% |
| Operating profit (loss) | 9901 | €1,828 | €4,103 | +€2,275 | +124.4% |
| Financial income | 75/76B | €2 | €93 | +€91 | +5164.4% |
| Recurring financial income | 75 | €2 | €93 | +€91 | +5164.4% |
| Financial charges | 65/66B | €1,708 | €312 | -€1,396 | -81.7% |
| Recurring financial charges | 65 | €1,708 | €312 | -€1,396 | -81.7% |
| Profit (loss) for the period before taxes | 9903 | €122 | €3,884 | +€3,762 | +3079.5% |
| Income taxes | 67/77 | - | €983 | +€983 | |
| Profit (loss) for the period | 9904 | €122 | €2,901 | +€2,779 | +2274.7% |
| Profit (loss) for the period to be appropriated | 9905 | €122 | €2,901 | +€2,779 | +2274.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.