Projet-MC3: 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.
Projet-MC3
Largest movements
- Cash +€39,013
up €39,013 (+187.8%), from €20,778 to €59,792
mainly Net result for the year (+€20,198) and Receivables within one year (+€14,969)
- Receivables within one year -€14,969
down €14,969 (-46.2%), from €32,418 to €17,449
of which Trade receivables: -€15,378
- Tangible fixed assets +€3,819
new in 2025: €3,819
- Deferred charges and accrued income +€915
up €915 (+1900.0%), from €48 to €963
- Reserves +€20,198
new in 2025: €20,198
- Tax, wage and social debts +€3,865
up €3,865 (+31.5%), from €12,279 to €16,144
of which Taxes: +€6,365
- Trade debts +€3,112
up €3,112 (+412.9%), from €754 to €3,866
- Current portion of long-term debt +€2,316
new in 2025: €2,316
- Profit (loss) carried forward -€833
down €833 (-2.9%), from €28,853 to €28,020
- Gross operating margin -€8,628
down €8,628 (-21.0%), from €41,032 to €32,404
- Depreciation +€1,794
new in 2025: €1,794
- Taxes +€1,139
up €1,139 (+15.2%), from €7,513 to €8,653
- Other operating charges +€838
up €838 (+216.3%), from €387 to €1,225
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 | €53,245 | €82,023 | +€28,778 | +54.0% |
| Fixed assets | 21/28 | €0 | €3,819 | +€3,819 | |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | - | €3,819 | +€3,819 | |
| Furniture and vehicles | 24 | - | €3,819 | +€3,819 | |
| Current assets | 29/58 | €53,245 | €78,204 | +€24,959 | +46.9% |
| Amounts receivable within one year | 40/41 | €32,418 | €17,449 | -€14,969 | -46.2% |
| Trade receivables | 40 | €32,418 | €17,040 | -€15,378 | -47.4% |
| Other amounts receivable | 41 | - | €409 | +€409 | |
| Cash at bank and in hand | 54/58 | €20,778 | €59,792 | +€39,013 | +187.8% |
| Deferred charges and accrued income | 490/1 | €48 | €963 | +€915 | +1900.0% |
| Total equity and liabilities | 10/49 | €53,245 | €82,023 | +€28,778 | +54.0% |
| Equity | 10/15 | €38,853 | €58,218 | +€19,365 | +49.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €20,198 | +€20,198 | |
| Distributable reserves | 133 | - | €20,198 | +€20,198 | |
| Profit (loss) carried forward | 14 | €28,853 | €28,020 | -€833 | -2.9% |
| Amounts payable | 17/49 | €14,392 | €23,805 | +€9,413 | +65.4% |
| Amounts payable after more than one year | 17 | - | €646 | +€646 | |
| Financial debts | 170/4 | - | €646 | +€646 | |
| Amounts payable within one year | 42/48 | €14,392 | €23,159 | +€8,767 | +60.9% |
| Current portion of amounts payable after more than one year | 42 | - | €2,316 | +€2,316 | |
| Trade debts | 44 | €754 | €3,866 | +€3,112 | +412.9% |
| Suppliers | 440/4 | €754 | €3,866 | +€3,112 | +412.9% |
| Taxes, remuneration and social security | 45 | €12,279 | €16,144 | +€3,865 | +31.5% |
| Taxes | 450/3 | €9,779 | €16,144 | +€6,365 | +65.1% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €1,359 | €833 | -€526 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,794 | +€1,794 | |
| Other operating charges | 640/8 | €387 | €1,225 | +€838 | +216.3% |
| Non-recurring operating charges | 66A | €3,303 | €81 | -€3,222 | -97.5% |
| Gross operating margin | 9900 | €41,032 | €32,404 | -€8,628 | -21.0% |
| Operating profit (loss) | 9901 | €37,342 | €29,304 | -€8,038 | -21.5% |
| Financial charges | 65/66B | €117 | €453 | +€337 | +288.4% |
| Recurring financial charges | 65 | €117 | €453 | +€337 | +288.4% |
| Profit (loss) for the period before taxes | 9903 | €37,225 | €28,850 | -€8,375 | -22.5% |
| Income taxes | 67/77 | €7,513 | €8,653 | +€1,139 | +15.2% |
| Profit (loss) for the period | 9904 | €29,712 | €20,198 | -€9,514 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,712 | €20,198 | -€9,514 | -32.0% |
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.