M KAY 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 KAY TRANS
Largest movements
- Receivables within one year +€17,152
up €17,152 (+133%), from €12,912 to €30,064
of which Trade receivables: +€17,118
- Tangible fixed assets -€3,138
down €3,138 (-10.4%), from €30,308 to €27,169
- Deferred charges and accrued income +€1,104
up €1,104 (+142%), from €780 to €1,884
- Cash -€994
down €994 (-7.3%), from €13,697 to €12,703
mainly Receivables within one year (-€17,152) and Investment in fixed assets (net) (-€9,232)
- Profit (loss) carried forward +€9,493
up €9,493 (+30.8%), from €30,818 to €40,311
- Tax, wage and social debts +€5,094
up €5,094 (+130%), from €3,912 to €9,006
- Trade debts +€4,132
up €4,132 (+68.2%), from €6,061 to €10,193
- Current portion of long-term debt -€3,482
no longer reported in 2025 (was €3,482)
- Other debts -€1,113
down €1,113 (-8.9%), from €12,521 to €11,408
- Purchases and services +€36,709
up €36,709 (+34.8%), from €105,406 to €142,115
- Staff costs +€4,551
new in 2025: €4,551
- Gross operating margin +€3,521
up €3,521 (+13.3%), from €26,377 to €29,898
- Taxes +€2,870
new in 2025: €2,870
- Depreciation -€656
down €656 (-5.0%), from €13,027 to €12,370
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 | €57,794 | €71,918 | +€14,124 | +24.4% |
| Fixed assets | 21/28 | €30,406 | €27,267 | -€3,138 | -10.3% |
| Tangible fixed assets | 22/27 | €30,308 | €27,169 | -€3,138 | -10.4% |
| Furniture and vehicles | 24 | €30,308 | €27,169 | -€3,138 | -10.4% |
| Financial fixed assets | 28 | €98 | €98 | = | 0.0% |
| Current assets | 29/58 | €27,388 | €44,651 | +€17,263 | +63.0% |
| Amounts receivable within one year | 40/41 | €12,912 | €30,064 | +€17,152 | +133% |
| Trade receivables | 40 | €12,912 | €30,030 | +€17,118 | +133% |
| Other amounts receivable | 41 | - | €34 | +€34 | |
| Cash at bank and in hand | 54/58 | €13,697 | €12,703 | -€994 | -7.3% |
| Deferred charges and accrued income | 490/1 | €780 | €1,884 | +€1,104 | +142% |
| Total equity and liabilities | 10/49 | €57,794 | €71,918 | +€14,124 | +24.4% |
| Equity | 10/15 | €31,818 | €41,311 | +€9,493 | +29.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,818 | €40,311 | +€9,493 | +30.8% |
| Amounts payable | 17/49 | €25,976 | €30,607 | +€4,631 | +17.8% |
| Amounts payable within one year | 42/48 | €25,976 | €30,607 | +€4,631 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €3,482 | - | -€3,482 | |
| Trade debts | 44 | €6,061 | €10,193 | +€4,132 | +68.2% |
| Suppliers | 440/4 | €6,061 | €10,193 | +€4,132 | +68.2% |
| Taxes, remuneration and social security | 45 | €3,912 | €9,006 | +€5,094 | +130% |
| Taxes | 450/3 | €3,912 | €9,006 | +€5,094 | +130% |
| Other amounts payable | 47/48 | €12,521 | €11,408 | -€1,113 | -8.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €105,406 | €142,115 | +€36,709 | +34.8% |
| Remuneration, social security and pensions | 62 | - | €4,551 | +€4,551 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,027 | €12,370 | -€656 | -5.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €26,377 | €29,898 | +€3,521 | +13.3% |
| Operating profit (loss) | 9901 | €12,963 | €12,577 | -€386 | -3.0% |
| Financial income | 75/76B | €209 | - | -€209 | |
| Recurring financial income | 75 | €209 | - | -€209 | |
| Non-recurring financial income | 76B | €209 | - | -€209 | |
| Financial charges | 65/66B | €762 | €214 | -€547 | -71.9% |
| Recurring financial charges | 65 | €762 | €214 | -€547 | -71.9% |
| Profit (loss) for the period before taxes | 9903 | €12,410 | €12,363 | -€47 | -0.4% |
| Income taxes | 67/77 | - | €2,870 | +€2,870 | |
| Profit (loss) for the period | 9904 | €12,410 | €9,493 | -€2,917 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,410 | €9,493 | -€2,917 | -23.5% |
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 22 October 2026 via checked.be.