M & C 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 & C TRANS
Largest movements
- Tangible fixed assets -€28,825
down €28,825 (-22.2%), from €130,132 to €101,306
of which Furniture and vehicles: -€29,908
- Cash +€16,930
up €16,930 (+19.9%), from €85,229 to €102,160
mainly Depreciation (+€32,672) and Trade debts (+€10,446)
- Reserves -€17,657
down €17,657 (-9.1%), from €193,503 to €175,846
of which Distributable reserves: -€12,850
- Debts after one year -€13,891
down €13,891 (-30.3%), from €45,874 to €31,983
- Trade debts +€10,446
up €10,446 (+168%), from €6,203 to €16,649
- Other debts +€5,753
new in 2025: €5,753
- Tax, wage and social debts +€3,873
up €3,873 (+370%), from €1,046 to €4,919
- Gross operating margin +€8,320
up €8,320 (+16.4%), from €50,662 to €58,983
- Depreciation +€4,641
up €4,641 (+16.6%), from €28,032 to €32,672
- Taxes +€3,737
up €3,737 (+101%), from €3,697 to €7,434
- Financial charges +€3,182
up €3,182 (+129%), from €2,476 to €5,658
- Other operating charges +€880
up €880 (+17.8%), from €4,938 to €5,818
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 | €271,027 | €258,861 | -€12,166 | -4.5% |
| Fixed assets | 21/28 | €134,808 | €105,983 | -€28,825 | -21.4% |
| Tangible fixed assets | 22/27 | €130,132 | €101,306 | -€28,825 | -22.2% |
| Land and buildings | 22 | €1,474 | €2,556 | +€1,083 | +73.5% |
| Furniture and vehicles | 24 | €128,658 | €98,750 | -€29,908 | -23.2% |
| Financial fixed assets | 28 | €4,676 | €4,676 | = | 0.0% |
| Current assets | 29/58 | €136,219 | €152,878 | +€16,659 | +12.2% |
| Amounts receivable within one year | 40/41 | €38,673 | €38,003 | -€670 | -1.7% |
| Trade receivables | 40 | €25,905 | €37,447 | +€11,543 | +44.6% |
| Other amounts receivable | 41 | €12,769 | €556 | -€12,213 | -95.6% |
| Cash at bank and in hand | 54/58 | €85,229 | €102,160 | +€16,930 | +19.9% |
| Deferred charges and accrued income | 490/1 | €12,316 | €12,715 | +€399 | +3.2% |
| Total equity and liabilities | 10/49 | €271,027 | €258,861 | -€12,166 | -4.5% |
| Equity | 10/15 | €199,703 | €182,046 | -€17,657 | -8.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €193,503 | €175,846 | -€17,657 | -9.1% |
| Tax-exempt reserves | 132 | €38,149 | €33,343 | -€4,806 | -12.6% |
| Distributable reserves | 133 | €155,354 | €142,503 | -€12,850 | -8.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €4,806 | €3,605 | -€1,202 | -25.0% |
| Deferred taxes | 168 | €4,806 | €3,605 | -€1,202 | -25.0% |
| Amounts payable | 17/49 | €66,518 | €73,210 | +€6,692 | +10.1% |
| Amounts payable after more than one year | 17 | €45,874 | €31,983 | -€13,891 | -30.3% |
| Financial debts | 170/4 | €45,874 | €31,983 | -€13,891 | -30.3% |
| Amounts payable within one year | 42/48 | €20,644 | €41,227 | +€20,583 | +99.7% |
| Current portion of amounts payable after more than one year | 42 | €13,369 | €13,891 | +€521 | +3.9% |
| Financial debts | 43 | €25 | €15 | -€10 | -40.9% |
| Credit institutions | 430/8 | €25 | €15 | -€10 | -40.9% |
| Trade debts | 44 | €6,203 | €16,649 | +€10,446 | +168% |
| Suppliers | 440/4 | €6,203 | €16,649 | +€10,446 | +168% |
| Taxes, remuneration and social security | 45 | €1,046 | €4,919 | +€3,873 | +370% |
| Taxes | 450/3 | €1,046 | €4,919 | +€3,873 | +370% |
| Other amounts payable | 47/48 | - | €5,753 | +€5,753 | |
| Non-recurring operating income | 76A | €11,570 | €0 | -€11,570 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,032 | €32,672 | +€4,641 | +16.6% |
| Other operating charges | 640/8 | €4,938 | €5,818 | +€880 | +17.8% |
| Gross operating margin | 9900 | €50,662 | €58,983 | +€8,320 | +16.4% |
| Operating profit (loss) | 9901 | €17,693 | €20,492 | +€2,799 | +15.8% |
| Financial income | 75/76B | €16 | €493 | +€477 | +3,070% |
| Recurring financial income | 75 | €16 | €493 | +€477 | +3,070% |
| Financial charges | 65/66B | €2,476 | €5,658 | +€3,182 | +129% |
| Recurring financial charges | 65 | €2,476 | €5,658 | +€3,182 | +129% |
| Profit (loss) for the period before taxes | 9903 | €15,233 | €15,327 | +€95 | +0.6% |
| Transfer from deferred taxes | 780 | €1,202 | €1,202 | = | 0.0% |
| Income taxes | 67/77 | €3,697 | €7,434 | +€3,737 | +101% |
| Profit (loss) for the period | 9904 | €12,737 | €9,095 | -€3,642 | -28.6% |
| Transfer from tax-exempt reserves | 789 | €4,806 | €4,806 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,543 | €13,901 | -€3,642 | -20.8% |
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.