M & M 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 & M TRANS
Largest movements
- Tangible fixed assets -€63,307
down €63,307 (-27.9%), from €227,022 to €163,715
of which Furniture and vehicles: -€61,781
- Cash +€28,686
up €28,686 (+68.3%), from €41,974 to €70,660
mainly Depreciation (+€63,307) and Other debts (+€15,738)
- Receivables within one year -€4,561
down €4,561 (-11.6%), from €39,428 to €34,867
of which Trade receivables: -€4,533
- Debts after one year -€42,033
down €42,033 (-66.4%), from €63,317 to €21,284
of which Other amounts payable: -€27,500
- Other debts +€15,738
up €15,738 (+164%), from €9,605 to €25,343
- Reserves -€7,900
down €7,900 (-4.4%), from €177,841 to €169,941
of which Tax-exempt reserves: -€6,400
- Gross operating margin -€45,484
down €45,484 (-32.9%), from €138,194 to €92,710
- Taxes -€12,023
down €12,023 (-57.3%), from €20,983 to €8,960
- Depreciation +€11,085
up €11,085 (+21.2%), from €52,222 to €63,307
- Other operating charges -€5,459
down €5,459 (-51.1%), from €10,691 to €5,232
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 | €322,254 | €281,317 | -€40,937 | -12.7% |
| Fixed assets | 21/28 | €236,522 | €173,215 | -€63,307 | -26.8% |
| Tangible fixed assets | 22/27 | €227,022 | €163,715 | -€63,307 | -27.9% |
| Plant, machinery and equipment | 23 | €9,586 | €8,060 | -€1,526 | -15.9% |
| Furniture and vehicles | 24 | €217,436 | €155,655 | -€61,781 | -28.4% |
| Financial fixed assets | 28 | €9,500 | €9,500 | = | 0.0% |
| Current assets | 29/58 | €85,732 | €108,102 | +€22,370 | +26.1% |
| Amounts receivable within one year | 40/41 | €39,428 | €34,867 | -€4,561 | -11.6% |
| Trade receivables | 40 | €26,224 | €21,691 | -€4,533 | -17.3% |
| Other amounts receivable | 41 | €13,204 | €13,176 | -€28 | -0.2% |
| Cash at bank and in hand | 54/58 | €41,974 | €70,660 | +€28,686 | +68.3% |
| Deferred charges and accrued income | 490/1 | €4,330 | €2,575 | -€1,755 | -40.5% |
| Total equity and liabilities | 10/49 | €322,254 | €281,317 | -€40,937 | -12.7% |
| Equity | 10/15 | €204,098 | €196,379 | -€7,719 | -3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €177,841 | €169,941 | -€7,900 | -4.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,481 | €12,081 | -€6,400 | -34.6% |
| Distributable reserves | 133 | €157,500 | €156,000 | -€1,500 | -1.0% |
| Profit (loss) carried forward | 14 | €7,657 | €7,838 | +€181 | +2.4% |
| Provisions and deferred taxes | 16 | €4,620 | €3,020 | -€1,600 | -34.6% |
| Deferred taxes | 168 | €4,620 | €3,020 | -€1,600 | -34.6% |
| Amounts payable | 17/49 | €113,535 | €81,917 | -€31,618 | -27.8% |
| Amounts payable after more than one year | 17 | €63,317 | €21,284 | -€42,033 | -66.4% |
| Financial debts | 170/4 | €28,317 | €13,784 | -€14,533 | -51.3% |
| Other amounts payable | 178/9 | €35,000 | €7,500 | -€27,500 | -78.6% |
| Amounts payable within one year | 42/48 | €50,218 | €60,633 | +€10,414 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €14,024 | €14,533 | +€509 | +3.6% |
| Trade debts | 44 | €11,784 | €8,695 | -€3,089 | -26.2% |
| Suppliers | 440/4 | €11,784 | €8,695 | -€3,089 | -26.2% |
| Taxes, remuneration and social security | 45 | €14,805 | €12,063 | -€2,743 | -18.5% |
| Taxes | 450/3 | €14,805 | €12,063 | -€2,743 | -18.5% |
| Other amounts payable | 47/48 | €9,605 | €25,343 | +€15,738 | +164% |
| Non-recurring operating income | 76A | €905 | - | -€905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,222 | €63,307 | +€11,085 | +21.2% |
| Other operating charges | 640/8 | €10,691 | €5,232 | -€5,459 | -51.1% |
| Gross operating margin | 9900 | €138,194 | €92,710 | -€45,484 | -32.9% |
| Operating profit (loss) | 9901 | €75,281 | €24,171 | -€51,110 | -67.9% |
| Financial income | 75/76B | €83 | €0 | -€83 | -99.7% |
| Recurring financial income | 75 | €83 | €0 | -€83 | -99.7% |
| Financial charges | 65/66B | €2,029 | €1,530 | -€500 | -24.6% |
| Recurring financial charges | 65 | €2,029 | €1,530 | -€500 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €73,335 | €22,642 | -€50,693 | -69.1% |
| Transfer from deferred taxes | 780 | €1,600 | €1,600 | = | 0.0% |
| Income taxes | 67/77 | €20,983 | €8,960 | -€12,023 | -57.3% |
| Profit (loss) for the period | 9904 | €53,952 | €15,281 | -€38,671 | -71.7% |
| Transfer from tax-exempt reserves | 789 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,352 | €21,681 | -€38,671 | -64.1% |
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 20 October 2026 via checked.be.