ML³ PROJECT: 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.
ML³ PROJECT
Largest movements
- Cash -€20,820
down €20,820 (-87.4%), from €23,815 to €2,996
mainly Trade debts (-€21,847) and Net result for the year (-€4,769)
- Receivables within one year -€5,722
down €5,722 (-90.8%), from €6,298 to €577
of which Other amounts receivable: -€5,722
- Trade debts -€21,847
down €21,847 (-99.7%), from €21,919 to €73
- Profit (loss) carried forward -€4,769
down €4,769 (-8.1%), from €59,179 to €54,409
- Gross operating margin -€1,729
down €1,729 (-70.8%), from -€2,443 to -€4,173
- Purchases and services +€1,729
up €1,729 (+70.8%), from €2,443 to €4,173
- Financial charges -€68
down €68 (-25.6%), from €265 to €197
- Taxes +€48
no longer reported in 2025 (was -€48)
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 | €196,148 | €169,607 | -€26,541 | -13.5% |
| Current assets | 29/58 | €196,148 | €169,607 | -€26,541 | -13.5% |
| Stocks and contracts in progress | 3 | €166,035 | €166,035 | = | 0.0% |
| Stocks | 30/36 | €166,035 | €166,035 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,298 | €577 | -€5,722 | -90.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €6,298 | €577 | -€5,722 | -90.8% |
| Cash at bank and in hand | 54/58 | €23,815 | €2,996 | -€20,820 | -87.4% |
| Total equity and liabilities | 10/49 | €196,148 | €169,607 | -€26,541 | -13.5% |
| Equity | 10/15 | €79,179 | €74,409 | -€4,769 | -6.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | - | -€20,000 | |
| Share premium | 1100/10 | €20,000 | - | -€20,000 | |
| Profit (loss) carried forward | 14 | €59,179 | €54,409 | -€4,769 | -8.1% |
| Amounts payable | 17/49 | €116,969 | €95,198 | -€21,772 | -18.6% |
| Amounts payable within one year | 42/48 | €116,969 | €95,198 | -€21,772 | -18.6% |
| Trade debts | 44 | €21,919 | €73 | -€21,847 | -99.7% |
| Suppliers | 440/4 | €21,919 | €73 | -€21,847 | -99.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €95,050 | €95,125 | +€75 | +0.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,443 | €4,173 | +€1,729 | +70.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€2,443 | -€4,173 | -€1,729 | -70.8% |
| Operating profit (loss) | 9901 | -€2,830 | -€4,572 | -€1,742 | -61.5% |
| Financial charges | 65/66B | €265 | €197 | -€68 | -25.6% |
| Recurring financial charges | 65 | €265 | €197 | -€68 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,096 | -€4,769 | -€1,674 | -54.1% |
| Income taxes | 67/77 | -€48 | - | +€48 | |
| Profit (loss) for the period | 9904 | -€3,048 | -€4,769 | -€1,721 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,048 | -€4,769 | -€1,721 | -56.5% |
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 10 October 2026 via checked.be.