MAINFREIGHT: 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.
What changed
MAINFREIGHT
NACE 52.249, Warehousing and support activities for transportation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€353,504
2024 · €306,591+€46,912
Equity
€1.3m
2024 · €2.9m-€1.6m
Cash
€2.0m
2024 · €1.7m+€219,561
Balance sheet total
€4.3m
2024 · €4.7m-€405,192
Largest movements
Assets
- Receivables within one year -€616,076
down €616,076 (-21.2%), from €2.9m to €2.3m
of which Trade receivables: -€620,118
- Cash +€219,561
up €219,561 (+12.6%), from €1.7m to €2.0m
mainly Other debts (+€1.0m) and Receivables within one year (+€616,076)
Equity and liabilities
- Profit (loss) carried forward -€1.6m
down €1.6m (-77.9%), from €2.1m to €468,384
- Other debts +€1.0m
up €1.0m, from €0 to €1.0m
- Trade debts +€197,103
up €197,103 (+14.2%), from €1.4m to €1.6m
Income statement
- Goods and materials +€3.4m
up €3.4m (+42.6%), from €8.0m to €11.4m
- Turnover +€3.4m
up €3.4m (+32.1%), from €10.5m to €13.9m
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.
Result 2024
€306,591
Turnover
+€3.4m
Other operating income
-€27,907
Goods and materials
-€3.4m
Services and other goods
+€67,735
Staff costs
+€69,741
Depreciation
+€10,369
Write-downs
+€50,840
Other operating charges
-€62
Financial income
-€35,915
Financial charges
+€11,734
Taxes
-€91,071
Result 2025
€353,504
Cash bridge derived
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.
From operations
+€2.2m
Investment
€0
Financing
-€2.0m
Cash 2024
€1.7m
From operations (derived)
+€2.2m
Net result for the year
+€353,504
Depreciation
+€9,519
Receivables within one year
+€616,076
Smaller working-capital items
-€1,977
Trade debts
+€197,103
Tax, wage and social debts
+€45,335
Other debts
+€1.0m
Financing
-€2.0m
Contributions, distributions and other
-€2.0m
Cash 2025
€2.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,688,448 | €4,283,256 | -€405,192 | -8.6% |
| Fixed assets | 21/28 | €37,120 | €27,601 | -€9,519 | -25.6% |
| Tangible fixed assets | 22/27 | €15,773 | €6,254 | -€9,519 | -60.4% |
| Land and buildings | 22 | €6,822 | - | -€6,822 | |
| Plant, machinery and equipment | 23 | €8,951 | €6,254 | -€2,697 | -30.1% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €21,347 | €21,347 | = | 0.0% |
| Other financial fixed assets | 284/8 | €21,347 | €21,347 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €21,347 | €21,347 | = | 0.0% |
| Current assets | 29/58 | €4,651,328 | €4,255,655 | -€395,673 | -8.5% |
| Amounts receivable within one year | 40/41 | €2,906,945 | €2,290,869 | -€616,076 | -21.2% |
| Trade receivables | 40 | €2,863,047 | €2,242,929 | -€620,118 | -21.7% |
| Other amounts receivable | 41 | €43,898 | €47,940 | +€4,042 | +9.2% |
| Cash at bank and in hand | 54/58 | €1,744,383 | €1,963,944 | +€219,561 | +12.6% |
| Deferred charges and accrued income | 490/1 | - | €843 | +€843 | |
| Total equity and liabilities | 10/49 | €4,688,448 | €4,283,256 | -€405,192 | -8.6% |
| Equity | 10/15 | €2,940,847 | €1,294,350 | -€1.6m | -56.0% |
| Contributions | 10/11 | €750,462 | €750,462 | = | 0.0% |
| Capital | 10 | €750,434 | €750,434 | = | 0.0% |
| Issued capital | 100 | €750,434 | €750,434 | = | 0.0% |
| Outside capital | 11 | €28 | €28 | = | 0.0% |
| Share premium | 1100/10 | €28 | €28 | = | 0.0% |
| Reserves | 13 | €75,505 | €75,505 | = | 0.0% |
| Non-distributable reserves | 130/1 | €75,044 | €75,044 | = | 0.0% |
| Legal reserve | 130 | €75,044 | €75,044 | = | 0.0% |
| Tax-exempt reserves | 132 | €461 | €461 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,114,880 | €468,384 | -€1.6m | -77.9% |
| Provisions and deferred taxes | 16 | €24,000 | €24,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,000 | €24,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €24,000 | €24,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,723,602 | €2,964,906 | +€1.2m | +72.0% |
| Amounts payable within one year | 42/48 | €1,722,467 | €2,964,906 | +€1.2m | +72.1% |
| Trade debts | 44 | €1,384,206 | €1,581,310 | +€197,103 | +14.2% |
| Suppliers | 440/4 | €1,384,206 | €1,581,310 | +€197,103 | +14.2% |
| Taxes, remuneration and social security | 45 | €338,261 | €383,596 | +€45,335 | +13.4% |
| Taxes | 450/3 | €87,115 | €74,525 | -€12,590 | -14.5% |
| Remuneration and social security | 454/9 | €251,146 | €309,071 | +€57,925 | +23.1% |
| Other amounts payable | 47/48 | €0 | €1,000,000 | +€1.0m | |
| Accrued charges and deferred income | 492/3 | €1,134 | €0 | -€1,134 | -100.0% |
| Operating income | 70/76A | €10,641,092 | €14,004,416 | +€3.4m | +31.6% |
| Turnover | 70 | €10,548,542 | €13,939,773 | +€3.4m | +32.1% |
| Other operating income | 74 | €92,550 | €64,643 | -€27,907 | -30.2% |
| Operating charges | 60/66A | €10,285,210 | €13,486,370 | +€3.2m | +31.1% |
| Goods for resale, raw materials and consumables | 60 | €7,981,971 | €11,381,754 | +€3.4m | +42.6% |
| Purchases | 600/8 | €7,981,971 | €11,381,754 | +€3.4m | +42.6% |
| Services and other goods | 61 | €807,654 | €739,918 | -€67,735 | -8.4% |
| Remuneration, social security and pensions | 62 | €1,379,243 | €1,309,502 | -€69,741 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,888 | €9,519 | -€10,369 | -52.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €93,008 | €42,168 | -€50,840 | -54.7% |
| Other operating charges | 640/8 | €3,446 | €3,509 | +€62 | +1.8% |
| Operating profit (loss) | 9901 | €355,881 | €518,046 | +€162,165 | +45.6% |
| Financial income | 75/76B | €49,812 | €13,897 | -€35,915 | -72.1% |
| Recurring financial income | 75 | €41,128 | €13,897 | -€27,231 | -66.2% |
| Other financial income | 752/9 | €41,128 | - | -€41,128 | |
| Non-recurring financial income | 76B | €8,684 | €13,897 | +€5,213 | +60.0% |
| Financial charges | 65/66B | €26,308 | €14,574 | -€11,734 | -44.6% |
| Recurring financial charges | 65 | €12,193 | €14,574 | +€2,381 | +19.5% |
| Debt charges | 650 | €0 | €0 | = | |
| Other financial charges | 652/9 | €12,193 | €14,574 | +€2,381 | +19.5% |
| Non-recurring financial charges | 66B | €14,115 | €0 | -€14,115 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €379,385 | €517,369 | +€137,984 | +36.4% |
| Income taxes | 67/77 | €72,794 | €163,866 | +€91,071 | +125.1% |
| Taxes | 670/3 | €72,794 | €163,866 | +€91,071 | +125.1% |
| Profit (loss) for the period | 9904 | €306,591 | €353,504 | +€46,912 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €306,591 | €353,504 | +€46,912 | +15.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.