M.A. TRANS: 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.
M.A. TRANS
Largest movements
- Cash -€4,830
down €4,830 (-4.7%), from €103,738 to €98,909
mainly Other debts (-€8,890) and Deferred charges and accrued income (-€455)
- Other debts -€8,890
down €8,890 (-46.2%), from €19,228 to €10,338
- Profit (loss) carried forward +€4,381
up €4,381 (+5.9%), from €74,852 to €79,233
- Gross operating margin +€2,306
up €2,306 (+110%), from €2,102 to €4,408
- Financial income +€639
up €639 (+254%), from €252 to €890
- Depreciation +€218
up €218 (+197%), from €111 to €329
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 | €104,737 | €100,226 | -€4,512 | -4.3% |
| Fixed assets | 21/28 | €875 | €547 | -€329 | -37.5% |
| Tangible fixed assets | 22/27 | €875 | €547 | -€329 | -37.5% |
| Plant, machinery and equipment | 23 | €875 | €547 | -€329 | -37.5% |
| Current assets | 29/58 | €103,862 | €99,679 | -€4,183 | -4.0% |
| Amounts receivable within one year | 40/41 | €124 | €316 | +€192 | +155% |
| Other amounts receivable | 41 | €124 | €316 | +€192 | +155% |
| Cash at bank and in hand | 54/58 | €103,738 | €98,909 | -€4,830 | -4.7% |
| Deferred charges and accrued income | 490/1 | - | €455 | +€455 | |
| Total equity and liabilities | 10/49 | €104,737 | €100,226 | -€4,512 | -4.3% |
| Equity | 10/15 | €85,388 | €89,769 | +€4,381 | +5.1% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,852 | €79,233 | +€4,381 | +5.9% |
| Amounts payable | 17/49 | €19,350 | €10,457 | -€8,893 | -46.0% |
| Amounts payable within one year | 42/48 | €19,350 | €10,370 | -€8,979 | -46.4% |
| Trade debts | 44 | €122 | €32 | -€90 | -73.6% |
| Suppliers | 440/4 | €122 | €32 | -€90 | -73.6% |
| Other amounts payable | 47/48 | €19,228 | €10,338 | -€8,890 | -46.2% |
| Accrued charges and deferred income | 492/3 | - | €87 | +€87 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111 | €329 | +€218 | +197% |
| Other operating charges | 640/8 | €515 | €516 | +€2 | +0.3% |
| Gross operating margin | 9900 | €2,102 | €4,408 | +€2,306 | +110% |
| Operating profit (loss) | 9901 | €1,476 | €3,563 | +€2,087 | +141% |
| Financial income | 75/76B | €252 | €890 | +€639 | +254% |
| Recurring financial income | 75 | €252 | €890 | +€639 | +254% |
| Financial charges | 65/66B | €69 | €72 | +€3 | +4.6% |
| Recurring financial charges | 65 | €69 | €72 | +€3 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €1,659 | €4,381 | +€2,722 | +164% |
| Profit (loss) for the period | 9904 | €1,659 | €4,381 | +€2,722 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €1,659 | €4,381 | +€2,722 | +164% |
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 16 October 2026 via checked.be.