M E 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 E TRANSPORT
Largest movements
- Tangible fixed assets +€378,171
up €378,171 (+164%), from €231,031 to €609,202
of which Land and buildings: +€431,114
- Receivables within one year -€42,019
down €42,019 (-33.9%), from €123,951 to €81,933
of which Trade receivables: -€27,093
- Current investments -€31,889
down €31,889 (-63.6%), from €50,178 to €18,289
- Receivables after one year -€16,000
down €16,000 (-64.0%), from €25,000 to €9,000
- Debts after one year +€291,137
up €291,137 (+177%), from €164,417 to €455,553
- Accrued charges and deferred income -€24,000
down €24,000 (-100%), from €24,000 to €0
- Current portion of long-term debt +€21,967
up €21,967 (+63.8%), from €34,421 to €56,388
- Reserves -€10,322
down €10,322 (-5.4%), from €191,762 to €181,439
- Depreciation +€30,707
up €30,707 (+98.7%), from €31,110 to €61,817
- Gross operating margin -€25,916
down €25,916 (-22.0%), from €117,833 to €91,917
- Other operating charges -€18,579
down €18,579 (-48.7%), from €38,182 to €19,603
- Financial charges +€10,606
up €10,606 (+105%), from €10,145 to €20,752
- Staff costs -€1,664
down €1,664 (-100%), from €1,664 to €0
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 | €445,753 | €732,177 | +€286,424 | +64.3% |
| Fixed assets | 21/28 | €242,473 | €620,644 | +€378,171 | +156% |
| Tangible fixed assets | 22/27 | €231,031 | €609,202 | +€378,171 | +164% |
| Land and buildings | 22 | - | €431,114 | +€431,114 | |
| Plant, machinery and equipment | 23 | €22,001 | €19,586 | -€2,414 | -11.0% |
| Furniture and vehicles | 24 | €8,588 | €6,202 | -€2,387 | -27.8% |
| Leasing and similar rights | 25 | €200,442 | €152,300 | -€48,142 | -24.0% |
| Financial fixed assets | 28 | €11,441 | €11,441 | = | 0.0% |
| Current assets | 29/58 | €203,281 | €111,533 | -€91,748 | -45.1% |
| Amounts receivable after more than one year | 29 | €25,000 | €9,000 | -€16,000 | -64.0% |
| Other amounts receivable | 291 | €25,000 | €9,000 | -€16,000 | -64.0% |
| Amounts receivable within one year | 40/41 | €123,951 | €81,933 | -€42,019 | -33.9% |
| Trade receivables | 40 | €108,464 | €81,371 | -€27,093 | -25.0% |
| Other amounts receivable | 41 | €15,487 | €562 | -€14,925 | -96.4% |
| Current investments | 50/53 | €50,178 | €18,289 | -€31,889 | -63.6% |
| Cash at bank and in hand | 54/58 | €350 | €1,324 | +€974 | +278% |
| Deferred charges and accrued income | 490/1 | €3,801 | €988 | -€2,814 | -74.0% |
| Total equity and liabilities | 10/49 | €445,753 | €732,177 | +€286,424 | +64.3% |
| Equity | 10/15 | €210,362 | €200,039 | -€10,322 | -4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €191,762 | €181,439 | -€10,322 | -5.4% |
| Distributable reserves | 133 | €191,762 | €181,439 | -€10,322 | -5.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €235,392 | €532,138 | +€296,746 | +126% |
| Amounts payable after more than one year | 17 | €164,417 | €455,553 | +€291,137 | +177% |
| Financial debts | 170/4 | €164,417 | €455,553 | +€291,137 | +177% |
| Amounts payable within one year | 42/48 | €46,975 | €76,584 | +€29,609 | +63.0% |
| Current portion of amounts payable after more than one year | 42 | €34,421 | €56,388 | +€21,967 | +63.8% |
| Trade debts | 44 | €4,941 | €9,350 | +€4,410 | +89.3% |
| Suppliers | 440/4 | €4,941 | €9,350 | +€4,410 | +89.3% |
| Taxes, remuneration and social security | 45 | €7,613 | €5,435 | -€2,177 | -28.6% |
| Taxes | 450/3 | €7,370 | €3,452 | -€3,918 | -53.2% |
| Remuneration and social security | 454/9 | €243 | €1,984 | +€1,741 | +717% |
| Other amounts payable | 47/48 | €0 | €5,410 | +€5,410 | |
| Accrued charges and deferred income | 492/3 | €24,000 | €0 | -€24,000 | -100% |
| Non-recurring operating income | 76A | €41,487 | €0 | -€41,487 | -100% |
| Remuneration, social security and pensions | 62 | €1,664 | €0 | -€1,664 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,110 | €61,817 | +€30,707 | +98.7% |
| Other operating charges | 640/8 | €38,182 | €19,603 | -€18,579 | -48.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €117,833 | €91,917 | -€25,916 | -22.0% |
| Operating profit (loss) | 9901 | €46,877 | €10,497 | -€36,380 | -77.6% |
| Financial income | 75/76B | €946 | €168 | -€778 | -82.2% |
| Recurring financial income | 75 | €946 | €168 | -€778 | -82.2% |
| Financial charges | 65/66B | €10,145 | €20,752 | +€10,606 | +105% |
| Recurring financial charges | 65 | €10,145 | €20,752 | +€10,606 | +105% |
| Profit (loss) for the period before taxes | 9903 | €37,677 | -€10,086 | -€47,764 | |
| Income taxes | 67/77 | €1,836 | €236 | -€1,600 | -87.1% |
| Profit (loss) for the period | 9904 | €35,841 | -€10,322 | -€46,163 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,841 | -€10,322 | -€46,163 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.