Mardaoui 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.
Mardaoui Trans
Largest movements
- Receivables within one year +€65,138
up €65,138 (+47.6%), from €136,970 to €202,108
of which Trade receivables: +€63,310
- Cash +€3,037
up €3,037 (+34.3%), from €8,845 to €11,882
mainly Trade debts (+€31,146) and Tax, wage and social debts (+€21,839)
- Tangible fixed assets -€2,657
down €2,657 (-28.0%), from €9,496 to €6,839
- Trade debts +€31,146
up €31,146 (+34.7%), from €89,661 to €120,807
- Tax, wage and social debts +€21,839
up €21,839 (+174%), from €12,570 to €34,409
of which Remuneration and social security: +€20,000
- Other debts +€12,277
up €12,277 (+340%), from €3,609 to €15,885
- Turnover -€626,380
no longer reported in 2025 (was €626,380)
- Purchases and services -€540,652
no longer reported in 2025 (was €540,652)
- Gross operating margin -€67,465
down €67,465 (-78.7%), from €85,728 to €18,263
- Taxes -€10,903
down €10,903 (-86.7%), from €12,570 to €1,667
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 | €155,311 | €220,830 | +€65,519 | +42.2% |
| Fixed assets | 21/28 | €9,496 | €6,839 | -€2,657 | -28.0% |
| Tangible fixed assets | 22/27 | €9,496 | €6,839 | -€2,657 | -28.0% |
| Plant, machinery and equipment | 23 | €9,496 | €6,839 | -€2,657 | -28.0% |
| Current assets | 29/58 | €145,815 | €213,990 | +€68,175 | +46.8% |
| Amounts receivable within one year | 40/41 | €136,970 | €202,108 | +€65,138 | +47.6% |
| Trade receivables | 40 | €134,124 | €197,434 | +€63,310 | +47.2% |
| Other amounts receivable | 41 | €2,845 | €4,674 | +€1,828 | +64.3% |
| Cash at bank and in hand | 54/58 | €8,845 | €11,882 | +€3,037 | +34.3% |
| Total equity and liabilities | 10/49 | €155,311 | €220,830 | +€65,519 | +42.2% |
| Equity | 10/15 | €49,471 | €49,729 | +€258 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,871 | €31,129 | +€258 | +0.8% |
| Amounts payable | 17/49 | €105,840 | €171,101 | +€65,261 | +61.7% |
| Amounts payable within one year | 42/48 | €105,840 | €171,101 | +€65,261 | +61.7% |
| Trade debts | 44 | €89,661 | €120,807 | +€31,146 | +34.7% |
| Suppliers | 440/4 | €89,661 | €120,807 | +€31,146 | +34.7% |
| Taxes, remuneration and social security | 45 | €12,570 | €34,409 | +€21,839 | +174% |
| Taxes | 450/3 | €12,570 | €14,409 | +€1,839 | +14.6% |
| Remuneration and social security | 454/9 | - | €20,000 | +€20,000 | |
| Other amounts payable | 47/48 | €3,609 | €15,885 | +€12,277 | +340% |
| Turnover | 70 | €626,380 | - | -€626,380 | |
| Goods, raw materials, services and sundry goods | 60/61 | €540,652 | - | -€540,652 | |
| Remuneration, social security and pensions | 62 | €41 | - | -€41 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,650 | €2,657 | +€7 | +0.3% |
| Other operating charges | 640/8 | €6,957 | €6,996 | +€40 | +0.6% |
| Gross operating margin | 9900 | €85,728 | €18,263 | -€67,465 | -78.7% |
| Operating profit (loss) | 9901 | €76,081 | €8,610 | -€67,471 | -88.7% |
| Financial charges | 65/66B | €2,024 | €6,685 | +€4,661 | +230% |
| Recurring financial charges | 65 | €2,024 | €6,685 | +€4,661 | +230% |
| Profit (loss) for the period before taxes | 9903 | €74,057 | €1,925 | -€72,132 | -97.4% |
| Income taxes | 67/77 | €12,570 | €1,667 | -€10,903 | -86.7% |
| Profit (loss) for the period | 9904 | €61,487 | €258 | -€61,229 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €61,487 | €258 | -€61,229 | -99.6% |
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 27 October 2026 via checked.be.