M3W Conseil: 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.
M3W Conseil
Largest movements
- Cash -€347,921
down €347,921 (-83.2%), from €417,945 to €70,024
mainly Other debts (-€400,000) and Contributions, distributions and other (-€197,000)
- Receivables within one year -€12,417
down €12,417 (-79.7%), from €15,584 to €3,167
- Other debts -€400,000
down €400,000 (-66.7%), from €600,000 to €200,000
- Reserves +€25,816
up €25,816 (+88.8%), from €29,064 to €54,881
- Tax, wage and social debts +€19,068
up €19,068 (+12.7%), from €150,254 to €169,322
of which Remuneration and social security: +€11,430
- Gross operating margin -€463,004
down €463,004 (-27.3%), from €1.7m to €1.2m
- Taxes -€134,487
down €134,487 (-59.2%), from €227,204 to €92,717
- Staff costs +€59,934
up €59,934 (+7.2%), from €833,154 to €893,088
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 | €807,060 | €447,202 | -€359,858 | -44.6% |
| Fixed assets | 21/28 | €14,796 | €10,055 | -€4,741 | -32.0% |
| Tangible fixed assets | 22/27 | €14,796 | €10,055 | -€4,741 | -32.0% |
| Furniture and vehicles | 24 | €14,796 | €10,055 | -€4,741 | -32.0% |
| Current assets | 29/58 | €792,263 | €437,147 | -€355,116 | -44.8% |
| Amounts receivable within one year | 40/41 | €15,584 | €3,167 | -€12,417 | -79.7% |
| Other amounts receivable | 41 | €15,584 | €3,167 | -€12,417 | -79.7% |
| Current investments | 50/53 | €42,293 | €48,934 | +€6,641 | +15.7% |
| Cash at bank and in hand | 54/58 | €417,945 | €70,024 | -€347,921 | -83.2% |
| Deferred charges and accrued income | 490/1 | €316,442 | €315,022 | -€1,420 | -0.4% |
| Total equity and liabilities | 10/49 | €807,060 | €447,202 | -€359,858 | -44.6% |
| Equity | 10/15 | €38,064 | €66,881 | +€28,816 | +75.7% |
| Contributions | 10/11 | €9,000 | €12,000 | +€3,000 | +33.3% |
| Reserves | 13 | €29,064 | €54,881 | +€25,816 | +88.8% |
| Distributable reserves | 133 | €29,064 | €54,881 | +€25,816 | +88.8% |
| Amounts payable | 17/49 | €768,995 | €380,321 | -€388,674 | -50.5% |
| Amounts payable within one year | 42/48 | €768,995 | €380,321 | -€388,674 | -50.5% |
| Trade debts | 44 | €18,741 | €10,999 | -€7,742 | -41.3% |
| Suppliers | 440/4 | €18,741 | €10,999 | -€7,742 | -41.3% |
| Taxes, remuneration and social security | 45 | €150,254 | €169,322 | +€19,068 | +12.7% |
| Taxes | 450/3 | - | €7,638 | +€7,638 | |
| Remuneration and social security | 454/9 | €150,254 | €161,685 | +€11,430 | +7.6% |
| Other amounts payable | 47/48 | €600,000 | €200,000 | -€400,000 | -66.7% |
| Remuneration, social security and pensions | 62 | €833,154 | €893,088 | +€59,934 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,741 | €4,741 | = | 0.0% |
| Other operating charges | 640/8 | €1,057 | €737 | -€320 | -30.3% |
| Gross operating margin | 9900 | €1,694,558 | €1,231,554 | -€463,004 | -27.3% |
| Operating profit (loss) | 9901 | €855,606 | €332,988 | -€522,618 | -61.1% |
| Financial income | 75/76B | €1,914 | €1,191 | -€723 | -37.8% |
| Recurring financial income | 75 | €1,914 | €1,191 | -€723 | -37.8% |
| Financial charges | 65/66B | €11,803 | €15,646 | +€3,843 | +32.6% |
| Recurring financial charges | 65 | €11,803 | €15,646 | +€3,843 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €845,717 | €318,533 | -€527,184 | -62.3% |
| Income taxes | 67/77 | €227,204 | €92,717 | -€134,487 | -59.2% |
| Profit (loss) for the period | 9904 | €618,513 | €225,816 | -€392,697 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €618,513 | €225,816 | -€392,697 | -63.5% |
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 20 October 2026 via checked.be.