M.D. TRANSPORT: 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. TRANSPORT
Largest movements
- Receivables within one year -€3,230
down €3,230 (-41.7%), from €7,743 to €4,513
of which Trade receivables: -€3,375
- Tangible fixed assets -€2,697
down €2,697 (-4.0%), from €68,184 to €65,487
of which Furniture and vehicles: -€1,813
- Cash +€2,671
up €2,671 (+6.7%), from €39,985 to €42,655
mainly Depreciation (+€14,607) and Net result for the year (+€7,992)
- Other debts -€15,000
down €15,000 (-23.3%), from €64,358 to €49,358
- Profit (loss) carried forward +€7,992
up €7,992 (+21.5%), from €37,115 to €45,107
- Tax, wage and social debts +€4,309
up €4,309 (+36.7%), from €11,730 to €16,039
of which Remuneration and social security: +€3,921
- Turnover -€232,333
no longer reported in 2025 (was €232,333)
- Purchases and services -€105,435
no longer reported in 2025 (was €105,435)
- Gross operating margin +€17,221
up €17,221 (+12.9%), from €133,698 to €150,919
- Staff costs +€14,888
up €14,888 (+15.0%), from €99,072 to €113,960
- Other operating charges +€5,352
up €5,352 (+68.7%), from €7,794 to €13,146
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 | €115,912 | €112,656 | -€3,256 | -2.8% |
| Fixed assets | 21/28 | €68,184 | €65,487 | -€2,697 | -4.0% |
| Tangible fixed assets | 22/27 | €68,184 | €65,487 | -€2,697 | -4.0% |
| Furniture and vehicles | 24 | €53,678 | €51,865 | -€1,813 | -3.4% |
| Leasing and similar rights | 25 | €14,506 | €13,622 | -€884 | -6.1% |
| Current assets | 29/58 | €47,728 | €47,169 | -€559 | -1.2% |
| Amounts receivable within one year | 40/41 | €7,743 | €4,513 | -€3,230 | -41.7% |
| Trade receivables | 40 | €3,375 | - | -€3,375 | |
| Other amounts receivable | 41 | €4,368 | €4,513 | +€145 | +3.3% |
| Cash at bank and in hand | 54/58 | €39,985 | €42,655 | +€2,671 | +6.7% |
| Total equity and liabilities | 10/49 | €115,912 | €112,656 | -€3,256 | -2.8% |
| Equity | 10/15 | €37,953 | €45,945 | +€7,992 | +21.1% |
| Reserves | 13 | €838 | €838 | = | 0.0% |
| Non-distributable reserves | 130/1 | €838 | €838 | = | 0.0% |
| Reserves not available under the articles | 1311 | €838 | €838 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,115 | €45,107 | +€7,992 | +21.5% |
| Amounts payable | 17/49 | €77,959 | €66,711 | -€11,248 | -14.4% |
| Amounts payable within one year | 42/48 | €77,959 | €66,711 | -€11,248 | -14.4% |
| Trade debts | 44 | €1,871 | €1,314 | -€557 | -29.8% |
| Suppliers | 440/4 | €1,871 | €1,314 | -€557 | -29.8% |
| Taxes, remuneration and social security | 45 | €11,730 | €16,039 | +€4,309 | +36.7% |
| Taxes | 450/3 | - | €388 | +€388 | |
| Remuneration and social security | 454/9 | €11,730 | €15,652 | +€3,921 | +33.4% |
| Other amounts payable | 47/48 | €64,358 | €49,358 | -€15,000 | -23.3% |
| Turnover | 70 | €232,333 | - | -€232,333 | |
| Non-recurring operating income | 76A | €6,800 | - | -€6,800 | |
| Goods, raw materials, services and sundry goods | 60/61 | €105,435 | - | -€105,435 | |
| Remuneration, social security and pensions | 62 | €99,072 | €113,960 | +€14,888 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,620 | €14,607 | -€13 | -0.1% |
| Other operating charges | 640/8 | €7,794 | €13,146 | +€5,352 | +68.7% |
| Gross operating margin | 9900 | €133,698 | €150,919 | +€17,221 | +12.9% |
| Operating profit (loss) | 9901 | €12,211 | €9,204 | -€3,007 | -24.6% |
| Financial income | 75/76B | €1 | €2 | +€1 | +186% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +186% |
| Financial charges | 65/66B | €2,116 | €1,215 | -€901 | -42.6% |
| Recurring financial charges | 65 | €2,116 | €1,215 | -€901 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €10,096 | €7,992 | -€2,104 | -20.8% |
| Profit (loss) for the period | 9904 | €10,096 | €7,992 | -€2,104 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,096 | €7,992 | -€2,104 | -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 26 October 2026 via checked.be.