M-D Logistique.com: 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-D Logistique.com
Largest movements
- Receivables within one year -€53,100
down €53,100 (-25.8%), from €205,512 to €152,413
of which Trade receivables: -€58,534
- Tangible fixed assets -€44,260
down €44,260 (-9.2%), from €482,710 to €438,450
of which Leasing and similar rights: -€127,584
- Other debts -€140,509
down €140,509 (-92.9%), from €151,269 to €10,760
- Tax, wage and social debts +€57,803
up €57,803 (+106%), from €54,706 to €112,509
of which Remuneration and social security: +€54,706
- Debts after one year -€28,136
down €28,136 (-15.3%), from €184,060 to €155,924
- Profit (loss) carried forward +€18,550
up €18,550 (+10.8%), from €171,971 to €190,522
- Trade debts -€13,626
down €13,626 (-9.7%), from €140,816 to €127,190
- Gross operating margin +€175,671
up €175,671 (+18.6%), from €945,276 to €1.1m
- Staff costs +€129,792
up €129,792 (+18.1%), from €716,639 to €846,432
- Depreciation +€20,097
up €20,097 (+9.8%), from €205,231 to €225,327
- Financial charges +€18,591
up €18,591 (+208%), from €8,940 to €27,531
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €831,976 | €734,882 | -€97,094 | -11.7% |
| Fixed assets | 21/28 | €544,565 | €502,075 | -€42,490 | -7.8% |
| Tangible fixed assets | 22/27 | €482,710 | €438,450 | -€44,260 | -9.2% |
| Plant, machinery and equipment | 23 | €11,434 | €46,778 | +€35,344 | +309% |
| Furniture and vehicles | 24 | €106,651 | €154,631 | +€47,980 | +45.0% |
| Leasing and similar rights | 25 | €364,625 | €237,041 | -€127,584 | -35.0% |
| Financial fixed assets | 28 | €61,855 | €63,625 | +€1,770 | +2.9% |
| Current assets | 29/58 | €287,411 | €232,807 | -€54,603 | -19.0% |
| Amounts receivable within one year | 40/41 | €205,512 | €152,413 | -€53,100 | -25.8% |
| Trade receivables | 40 | €169,063 | €110,529 | -€58,534 | -34.6% |
| Other amounts receivable | 41 | €36,449 | €41,884 | +€5,434 | +14.9% |
| Cash at bank and in hand | 54/58 | €78,253 | €79,581 | +€1,328 | +1.7% |
| Deferred charges and accrued income | 490/1 | €3,645 | €813 | -€2,831 | -77.7% |
| Total equity and liabilities | 10/49 | €831,976 | €734,882 | -€97,094 | -11.7% |
| Equity | 10/15 | €192,431 | €210,982 | +€18,550 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,971 | €190,522 | +€18,550 | +10.8% |
| Amounts payable | 17/49 | €639,544 | €523,901 | -€115,644 | -18.1% |
| Amounts payable after more than one year | 17 | €184,060 | €155,924 | -€28,136 | -15.3% |
| Financial debts | 170/4 | €184,060 | €155,924 | -€28,136 | -15.3% |
| Amounts payable within one year | 42/48 | €455,484 | €367,976 | -€87,508 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €108,693 | €117,517 | +€8,824 | +8.1% |
| Trade debts | 44 | €140,816 | €127,190 | -€13,626 | -9.7% |
| Suppliers | 440/4 | €140,816 | €127,190 | -€13,626 | -9.7% |
| Taxes, remuneration and social security | 45 | €54,706 | €112,509 | +€57,803 | +106% |
| Taxes | 450/3 | €54,706 | €57,803 | +€3,097 | +5.7% |
| Remuneration and social security | 454/9 | - | €54,706 | +€54,706 | |
| Other amounts payable | 47/48 | €151,269 | €10,760 | -€140,509 | -92.9% |
| Remuneration, social security and pensions | 62 | €716,639 | €846,432 | +€129,792 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,231 | €225,327 | +€20,097 | +9.8% |
| Other operating charges | 640/8 | €424 | - | -€424 | |
| Gross operating margin | 9900 | €945,276 | €1,120,948 | +€175,671 | +18.6% |
| Operating profit (loss) | 9901 | €22,982 | €49,189 | +€26,207 | +114% |
| Financial income | 75/76B | €4 | €173 | +€168 | +3,881% |
| Recurring financial income | 75 | €4 | €173 | +€168 | +3,881% |
| Financial charges | 65/66B | €8,940 | €27,531 | +€18,591 | +208% |
| Recurring financial charges | 65 | €8,940 | €27,531 | +€18,591 | +208% |
| Profit (loss) for the period before taxes | 9903 | €14,046 | €21,830 | +€7,784 | +55.4% |
| Income taxes | 67/77 | - | €3,280 | +€3,280 | |
| Profit (loss) for the period | 9904 | €14,046 | €18,550 | +€4,504 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,046 | €18,550 | +€4,504 | +32.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.