3MJ: what changed
3MJ
Largest movements
- Tangible fixed assets +€344,432
up €344,432 (+1,056%), from €32,613 to €377,045
of which Land and buildings: +€350,739
- Cash -€26,269
down €26,269 (-35.4%), from €74,225 to €47,956
mainly Investment in fixed assets (net) (-€367,099) and Contributions, distributions and other (-€50,000)
- Receivables within one year +€14,324
up €14,324 (+14.8%), from €96,730 to €111,054
of which Other amounts receivable: +€18,452
- Stocks and contracts +€8,531
up €8,531 (+21.3%), from €40,000 to €48,531
- Debts after one year +€278,027
up €278,027 (+1,417%), from €19,615 to €297,642
- Profit (loss) carried forward +€37,352
new in 2025: €37,352
- Current portion of long-term debt +€18,936
up €18,936 (+167%), from €11,313 to €30,249
- Other debts +€15,048
up €15,048 (+14.3%), from €104,975 to €120,023
- Trade debts -€9,937
down €9,937 (-36.4%), from €27,294 to €17,357
- Gross operating margin +€38,945
up €38,945 (+36.0%), from €108,158 to €147,103
- Depreciation +€10,943
up €10,943 (+93.3%), from €11,724 to €22,667
- Financial charges +€9,790
up €9,790 (+720%), from €1,360 to €11,150
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €246,998 | €585,181 | +€338,183 | +137% |
| Fixed assets | 21/28 | €32,613 | €377,045 | +€344,432 | +1,056% |
| Tangible fixed assets | 22/27 | €32,613 | €377,045 | +€344,432 | +1,056% |
| Land and buildings | 22 | - | €350,739 | +€350,739 | |
| Plant, machinery and equipment | 23 | €32,026 | €18,846 | -€13,180 | -41.2% |
| Furniture and vehicles | 24 | €588 | €7,460 | +€6,872 | +1,169% |
| Current assets | 29/58 | €214,385 | €208,136 | -€6,249 | -2.9% |
| Stocks and contracts in progress | 3 | €40,000 | €48,531 | +€8,531 | +21.3% |
| Stocks | 30/36 | €40,000 | €48,531 | +€8,531 | +21.3% |
| Amounts receivable within one year | 40/41 | €96,730 | €111,054 | +€14,324 | +14.8% |
| Trade receivables | 40 | €81,979 | €77,852 | -€4,127 | -5.0% |
| Other amounts receivable | 41 | €14,750 | €33,202 | +€18,452 | +125% |
| Cash at bank and in hand | 54/58 | €74,225 | €47,956 | -€26,269 | -35.4% |
| Deferred charges and accrued income | 490/1 | €3,430 | €595 | -€2,835 | -82.7% |
| Total equity and liabilities | 10/49 | €246,998 | €585,181 | +€338,183 | +137% |
| Equity | 10/15 | €20,461 | €57,813 | +€37,352 | +183% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,861 | €1,861 | -€0 | 0.0% |
| Distributable reserves | 133 | €1,861 | €1,861 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | €37,352 | +€37,352 | |
| Amounts payable | 17/49 | €226,537 | €527,368 | +€300,831 | +133% |
| Amounts payable after more than one year | 17 | €19,615 | €297,642 | +€278,027 | +1,417% |
| Financial debts | 170/4 | €19,615 | €297,642 | +€278,027 | +1,417% |
| Amounts payable within one year | 42/48 | €200,461 | €229,726 | +€29,265 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €11,313 | €30,249 | +€18,936 | +167% |
| Trade debts | 44 | €27,294 | €17,357 | -€9,937 | -36.4% |
| Suppliers | 440/4 | €27,294 | €17,357 | -€9,937 | -36.4% |
| Taxes, remuneration and social security | 45 | €56,879 | €62,097 | +€5,218 | +9.2% |
| Taxes | 450/3 | €56,879 | €58,182 | +€1,303 | +2.3% |
| Remuneration and social security | 454/9 | - | €3,915 | +€3,915 | |
| Other amounts payable | 47/48 | €104,975 | €120,023 | +€15,048 | +14.3% |
| Accrued charges and deferred income | 492/3 | €6,460 | - | -€6,460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,724 | €22,667 | +€10,943 | +93.3% |
| Other operating charges | 640/8 | €2,765 | €2,606 | -€159 | -5.7% |
| Gross operating margin | 9900 | €108,158 | €147,103 | +€38,945 | +36.0% |
| Operating profit (loss) | 9901 | €93,670 | €121,830 | +€28,160 | +30.1% |
| Financial income | 75/76B | €643 | €401 | -€242 | -37.7% |
| Recurring financial income | 75 | €643 | €401 | -€242 | -37.7% |
| Financial charges | 65/66B | €1,360 | €11,150 | +€9,790 | +720% |
| Recurring financial charges | 65 | €1,360 | €11,150 | +€9,790 | +720% |
| Profit (loss) for the period before taxes | 9903 | €92,953 | €111,081 | +€18,128 | +19.5% |
| Income taxes | 67/77 | €25,067 | €23,729 | -€1,338 | -5.3% |
| Profit (loss) for the period | 9904 | €67,885 | €87,352 | +€19,467 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,885 | €87,352 | +€19,467 | +28.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.