M-V TRANS: what changed
Two fiscal 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
- Cash -€33,254
down €33,254 (-18.6%), from €178,856 to €145,602
mainly Other debts (-€58,295) and Net result for the year (-€15,841)
- Receivables within one year -€17,076
down €17,076 (-27.1%), from €62,982 to €45,906
of which Trade receivables: -€21,900
- Tangible fixed assets -€15,443
down €15,443 (-22.1%), from €69,813 to €54,370
of which Furniture and vehicles: -€18,411
- Deferred charges and accrued income -€10,020
down €10,020 (-87.7%), from €11,424 to €1,405
- Other debts -€58,295
down €58,295 (-56.6%), from €103,000 to €44,705
- Profit (loss) carried forward -€15,841
down €15,841, from €0 to -€15,841
- Gross operating margin -€106,351
down €106,351 (-93.4%), from €113,920 to €7,569
- Taxes -€12,317
down €12,317 (-98.3%), from €12,533 to €217
- Depreciation +€8,047
up €8,047 (+57.8%), from €13,933 to €21,980
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €323,074 | €247,282 | -€75,792 | -23.5% |
| Fixed assets | 21/28 | €69,813 | €54,370 | -€15,443 | -22.1% |
| Tangible fixed assets | 22/27 | €69,813 | €54,370 | -€15,443 | -22.1% |
| Plant, machinery and equipment | 23 | €3,751 | €7,502 | +€3,751 | +100.0% |
| Furniture and vehicles | 24 | €60,711 | €42,300 | -€18,411 | -30.3% |
| Other tangible fixed assets | 26 | €5,351 | €4,568 | -€783 | -14.6% |
| Current assets | 29/58 | €253,262 | €192,912 | -€60,350 | -23.8% |
| Amounts receivable within one year | 40/41 | €62,982 | €45,906 | -€17,076 | -27.1% |
| Trade receivables | 40 | €29,160 | €7,260 | -€21,900 | -75.1% |
| Other amounts receivable | 41 | €33,822 | €38,646 | +€4,824 | +14.3% |
| Cash at bank and in hand | 54/58 | €178,856 | €145,602 | -€33,254 | -18.6% |
| Deferred charges and accrued income | 490/1 | €11,424 | €1,405 | -€10,020 | -87.7% |
| Total equity and liabilities | 10/49 | €323,074 | €247,282 | -€75,792 | -23.5% |
| Equity | 10/15 | €211,560 | €195,719 | -€15,841 | -7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €205,360 | €205,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €205,360 | €205,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€15,841 | -€15,841 | |
| Amounts payable | 17/49 | €111,515 | €51,563 | -€59,952 | -53.8% |
| Amounts payable within one year | 42/48 | €111,515 | €51,563 | -€59,952 | -53.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,206 | €4,421 | -€1,785 | -28.8% |
| Suppliers | 440/4 | €6,206 | €4,421 | -€1,785 | -28.8% |
| Taxes, remuneration and social security | 45 | €2,309 | €2,437 | +€128 | +5.5% |
| Taxes | 450/3 | €2,309 | €2,437 | +€128 | +5.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €103,000 | €44,705 | -€58,295 | -56.6% |
| Non-recurring operating income | 76A | €2,393 | €1,000 | -€1,393 | -58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,933 | €21,980 | +€8,047 | +57.8% |
| Other operating charges | 640/8 | €2,655 | €1,547 | -€1,108 | -41.7% |
| Non-recurring operating charges | 66A | €52,369 | €0 | -€52,369 | -100.0% |
| Gross operating margin | 9900 | €113,920 | €7,569 | -€106,351 | -93.4% |
| Operating profit (loss) | 9901 | €44,963 | -€15,959 | -€60,921 | |
| Financial income | 75/76B | €1,008 | €471 | -€537 | -53.3% |
| Recurring financial income | 75 | €1,008 | €471 | -€537 | -53.3% |
| Financial charges | 65/66B | €636 | €136 | -€499 | -78.6% |
| Recurring financial charges | 65 | €636 | €136 | -€499 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | €45,335 | -€15,624 | -€60,959 | |
| Income taxes | 67/77 | €12,533 | €217 | -€12,317 | -98.3% |
| Profit (loss) for the period | 9904 | €32,802 | -€15,841 | -€48,642 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,802 | -€15,841 | -€48,642 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.