M.V-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.V-TRANS
Largest movements
- Tangible fixed assets +€99,385
up €99,385 (+162%), from €61,310 to €160,695
of which Furniture and vehicles: +€160,458
- Receivables within one year -€64,134
down €64,134 (-62.5%), from €102,584 to €38,450
of which Trade receivables: -€32,601
- Cash +€11,321
up €11,321 (+53.5%), from €21,176 to €32,497
mainly Debts after one year (+€103,764) and Receivables within one year (+€64,134)
- Deferred charges and accrued income -€3,349
down €3,349 (-52.5%), from €6,380 to €3,032
- Debts after one year +€103,764
up €103,764 (+287%), from €36,099 to €139,863
- Other debts -€44,312
down €44,312 (-88.6%), from €50,000 to €5,688
- Tax, wage and social debts -€14,164
down €14,164 (-39.4%), from €35,921 to €21,756
of which Remuneration and social security: -€7,566
- Profit (loss) carried forward -€13,203
down €13,203 (-38.9%), from €33,912 to €20,709
- Trade debts +€12,700
up €12,700 (+287%), from €4,427 to €17,127
- Gross operating margin -€119,608
down €119,608 (-69.4%), from €172,438 to €52,830
- Staff costs -€31,326
down €31,326 (-61.0%), from €51,385 to €20,058
- Depreciation -€23,628
down €23,628 (-61.1%), from €38,671 to €15,042
- Taxes -€13,973
down €13,973 (-91.8%), from €15,223 to €1,250
- Other operating charges +€10,220
up €10,220 (+67.1%), from €15,234 to €25,454
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 | €193,451 | €234,674 | +€41,223 | +21.3% |
| Fixed assets | 21/28 | €63,310 | €160,695 | +€97,385 | +154% |
| Tangible fixed assets | 22/27 | €61,310 | €160,695 | +€99,385 | +162% |
| Furniture and vehicles | 24 | €237 | €160,695 | +€160,458 | +67,715% |
| Leasing and similar rights | 25 | €61,073 | - | -€61,073 | |
| Financial fixed assets | 28 | €2,000 | - | -€2,000 | |
| Current assets | 29/58 | €130,141 | €73,979 | -€56,161 | -43.2% |
| Amounts receivable within one year | 40/41 | €102,584 | €38,450 | -€64,134 | -62.5% |
| Trade receivables | 40 | €70,377 | €37,776 | -€32,601 | -46.3% |
| Other amounts receivable | 41 | €32,207 | €674 | -€31,533 | -97.9% |
| Cash at bank and in hand | 54/58 | €21,176 | €32,497 | +€11,321 | +53.5% |
| Deferred charges and accrued income | 490/1 | €6,380 | €3,032 | -€3,349 | -52.5% |
| Total equity and liabilities | 10/49 | €193,451 | €234,674 | +€41,223 | +21.3% |
| Equity | 10/15 | €35,632 | €22,429 | -€13,203 | -37.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €720 | €720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €720 | €720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €720 | €720 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,912 | €20,709 | -€13,203 | -38.9% |
| Amounts payable | 17/49 | €157,819 | €212,245 | +€54,426 | +34.5% |
| Amounts payable after more than one year | 17 | €36,099 | €139,863 | +€103,764 | +287% |
| Financial debts | 170/4 | €36,099 | €139,863 | +€103,764 | +287% |
| Amounts payable within one year | 42/48 | €121,720 | €72,382 | -€49,338 | -40.5% |
| Current portion of amounts payable after more than one year | 42 | €31,372 | €27,811 | -€3,561 | -11.4% |
| Trade debts | 44 | €4,427 | €17,127 | +€12,700 | +287% |
| Suppliers | 440/4 | €4,427 | €17,127 | +€12,700 | +287% |
| Taxes, remuneration and social security | 45 | €35,921 | €21,756 | -€14,164 | -39.4% |
| Taxes | 450/3 | €28,355 | €21,756 | -€6,598 | -23.3% |
| Remuneration and social security | 454/9 | €7,566 | - | -€7,566 | |
| Other amounts payable | 47/48 | €50,000 | €5,688 | -€44,312 | -88.6% |
| Remuneration, social security and pensions | 62 | €51,385 | €20,058 | -€31,326 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,671 | €15,042 | -€23,628 | -61.1% |
| Other operating charges | 640/8 | €15,234 | €25,454 | +€10,220 | +67.1% |
| Gross operating margin | 9900 | €172,438 | €52,830 | -€119,608 | -69.4% |
| Operating profit (loss) | 9901 | €67,149 | -€7,724 | -€74,873 | |
| Financial income | 75/76B | €1,545 | €204 | -€1,341 | -86.8% |
| Recurring financial income | 75 | €1,545 | €204 | -€1,341 | -86.8% |
| Financial charges | 65/66B | €4,784 | €4,432 | -€352 | -7.4% |
| Recurring financial charges | 65 | €4,784 | €4,432 | -€352 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €63,910 | -€11,953 | -€75,862 | |
| Income taxes | 67/77 | €15,223 | €1,250 | -€13,973 | -91.8% |
| Profit (loss) for the period | 9904 | €48,687 | -€13,203 | -€61,890 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,687 | -€13,203 | -€61,890 |
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.