MK3 PARTNERS: 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.
MK3 PARTNERS
Largest movements
- Financial fixed assets +€300,100
up €300,100 (+100.0%), from €300,100 to €600,200
- Receivables after one year +€106,435
new in 2025: €106,435
- Cash +€14,335
up €14,335 (+1662.8%), from €862 to €15,197
mainly Contributions, distributions and other (+€300,000) and Debts after one year (+€184,623)
- Receivables within one year +€11,143
up €11,143 (+22.5%), from €49,509 to €60,651
of which Trade receivables: +€15,355
- Deferred charges and accrued income +€9,976
up €9,976 (+113.8%), from €8,766 to €18,743
- Contributions +€300,000
up €300,000 (+90.9%), from €330,000 to €630,000
- Debts after one year +€184,623
up €184,623 (+75.3%), from €245,257 to €429,880
- Profit (loss) carried forward -€37,952
down €37,952 (-13.2%), from -€286,432 to -€324,384
- Other debts -€22,000
down €22,000 (-100.0%), from €22,000 to €0
- Tax, wage and social debts +€13,210
up €13,210 (+793.2%), from €1,665 to €14,875
of which Remuneration and social security: +€10,432
- Gross operating margin +€316,491
up €316,491, from -€279,182 to €37,309
- Staff costs +€67,527
new in 2025: €67,527
- Financial charges +€3,056
up €3,056 (+45.9%), from €6,659 to €9,715
- Financial income +€2,856
new in 2025: €2,856
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 | €360,892 | €803,488 | +€442,596 | +122.6% |
| Fixed assets | 21/28 | €301,755 | €602,462 | +€300,707 | +99.7% |
| Tangible fixed assets | 22/27 | €1,655 | €2,262 | +€607 | +36.7% |
| Furniture and vehicles | 24 | €1,655 | €2,262 | +€607 | +36.7% |
| Financial fixed assets | 28 | €300,100 | €600,200 | +€300,100 | +100.0% |
| Current assets | 29/58 | €59,137 | €201,026 | +€141,889 | +239.9% |
| Amounts receivable after more than one year | 29 | - | €106,435 | +€106,435 | |
| Other amounts receivable | 291 | - | €106,435 | +€106,435 | |
| Amounts receivable within one year | 40/41 | €49,509 | €60,651 | +€11,143 | +22.5% |
| Trade receivables | 40 | €33,275 | €48,630 | +€15,355 | +46.1% |
| Other amounts receivable | 41 | €16,234 | €12,021 | -€4,213 | -26.0% |
| Cash at bank and in hand | 54/58 | €862 | €15,197 | +€14,335 | +1662.8% |
| Deferred charges and accrued income | 490/1 | €8,766 | €18,743 | +€9,976 | +113.8% |
| Total equity and liabilities | 10/49 | €360,892 | €803,488 | +€442,596 | +122.6% |
| Equity | 10/15 | €43,568 | €305,616 | +€262,048 | +601.5% |
| Contributions | 10/11 | €330,000 | €630,000 | +€300,000 | +90.9% |
| Profit (loss) carried forward | 14 | -€286,432 | -€324,384 | -€37,952 | -13.2% |
| Amounts payable | 17/49 | €317,324 | €497,872 | +€180,548 | +56.9% |
| Amounts payable after more than one year | 17 | €245,257 | €429,880 | +€184,623 | +75.3% |
| Financial debts | 170/4 | €245,257 | €429,880 | +€184,623 | +75.3% |
| Amounts payable within one year | 42/48 | €72,067 | €67,992 | -€4,075 | -5.7% |
| Trade debts | 44 | €48,402 | €53,116 | +€4,714 | +9.7% |
| Suppliers | 440/4 | €48,402 | €53,116 | +€4,714 | +9.7% |
| Taxes, remuneration and social security | 45 | €1,665 | €14,875 | +€13,210 | +793.2% |
| Taxes | 450/3 | €1,665 | €4,444 | +€2,778 | +166.8% |
| Remuneration and social security | 454/9 | - | €10,432 | +€10,432 | |
| Other amounts payable | 47/48 | €22,000 | €0 | -€22,000 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €67,527 | +€67,527 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €415 | €680 | +€265 | +63.8% |
| Other operating charges | 640/8 | €176 | €0 | -€176 | -100.0% |
| Gross operating margin | 9900 | -€279,182 | €37,309 | +€316,491 | |
| Operating profit (loss) | 9901 | -€279,773 | -€30,897 | +€248,875 | +89.0% |
| Financial income | 75/76B | - | €2,856 | +€2,856 | |
| Recurring financial income | 75 | - | €2,856 | +€2,856 | |
| Financial charges | 65/66B | €6,659 | €9,715 | +€3,056 | +45.9% |
| Recurring financial charges | 65 | €6,659 | €9,715 | +€3,056 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | -€286,432 | -€37,756 | +€248,676 | +86.8% |
| Income taxes | 67/77 | - | €196 | +€196 | |
| Profit (loss) for the period | 9904 | -€286,432 | -€37,952 | +€248,479 | +86.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€286,432 | -€37,952 | +€248,479 | +86.8% |
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 7 October 2026 via checked.be.