MX3: 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.
MX3
Largest movements
- Tangible fixed assets -€11,990
down €11,990 (-5.8%), from €206,098 to €194,108
of which Land and buildings: -€10,709
- Cash +€3,298
new in 2025: €3,298
mainly Depreciation (+€11,992) and Net result for the year (+€10,812)
- Debts after one year -€16,841
down €16,841 (-22.8%), from €73,923 to €57,082
- Profit (loss) carried forward +€10,812
up €10,812 (+61.2%), from -€17,656 to -€6,844
- Trade debts -€3,136
down €3,136 (-23.6%), from €13,281 to €10,145
- Gross operating margin +€14,560
up €14,560 (+129%), from €11,317 to €25,877
- Other operating charges -€2,370
no longer reported in 2025 (was €2,370)
- Financial charges -€1,741
down €1,741 (-35.3%), from €4,927 to €3,186
- Depreciation -€594
down €594 (-4.7%), from €12,586 to €11,992
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 | €215,918 | €208,162 | -€7,756 | -3.6% |
| Fixed assets | 21/28 | €206,098 | €194,108 | -€11,990 | -5.8% |
| Tangible fixed assets | 22/27 | €206,098 | €194,108 | -€11,990 | -5.8% |
| Land and buildings | 22 | €200,894 | €190,185 | -€10,709 | -5.3% |
| Plant, machinery and equipment | 23 | €106 | €13 | -€94 | -88.2% |
| Furniture and vehicles | 24 | €5,098 | €3,911 | -€1,187 | -23.3% |
| Current assets | 29/58 | €9,820 | €14,054 | +€4,234 | +43.1% |
| Amounts receivable within one year | 40/41 | €9,818 | €10,756 | +€939 | +9.6% |
| Trade receivables | 40 | €9,818 | €10,756 | +€939 | +9.6% |
| Cash at bank and in hand | 54/58 | - | €3,298 | +€3,298 | |
| Deferred charges and accrued income | 490/1 | €3 | - | -€3 | |
| Total equity and liabilities | 10/49 | €215,918 | €208,162 | -€7,756 | -3.6% |
| Equity | 10/15 | €87,344 | €98,156 | +€10,812 | +12.4% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,656 | -€6,844 | +€10,812 | +61.2% |
| Amounts payable | 17/49 | €128,574 | €110,006 | -€18,568 | -14.4% |
| Amounts payable after more than one year | 17 | €73,923 | €57,082 | -€16,841 | -22.8% |
| Financial debts | 170/4 | €73,923 | €57,082 | -€16,841 | -22.8% |
| Amounts payable within one year | 42/48 | €54,651 | €52,924 | -€1,727 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €16,335 | €16,874 | +€539 | +3.3% |
| Financial debts | 43 | €98 | - | -€98 | |
| Credit institutions | 430/8 | €98 | - | -€98 | |
| Trade debts | 44 | €13,281 | €10,145 | -€3,136 | -23.6% |
| Suppliers | 440/4 | €13,281 | €10,145 | -€3,136 | -23.6% |
| Other amounts payable | 47/48 | €24,936 | €25,905 | +€969 | +3.9% |
| Non-recurring operating income | 76A | €3 | - | -€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,586 | €11,992 | -€594 | -4.7% |
| Other operating charges | 640/8 | €2,370 | - | -€2,370 | |
| Gross operating margin | 9900 | €11,317 | €25,877 | +€14,560 | +129% |
| Operating profit (loss) | 9901 | -€3,639 | €13,885 | +€17,523 | |
| Financial income | 75/76B | - | €113 | +€113 | |
| Recurring financial income | 75 | - | €113 | +€113 | |
| Financial charges | 65/66B | €4,927 | €3,186 | -€1,741 | -35.3% |
| Recurring financial charges | 65 | €4,927 | €3,186 | -€1,741 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,565 | €10,812 | +€19,377 | |
| Profit (loss) for the period | 9904 | -€8,565 | €10,812 | +€19,377 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,565 | €10,812 | +€19,377 |
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 15 October 2026 via checked.be.