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MB - 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.

What changed

MB - TRANS

BE 0444.474.982
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1,900
2024 · -€1,871-€29
Equity
€18,705
2024 · €20,605-€1,900
Cash
€16
2024 · €9+€7
Balance sheet total
€26,664
2024 · €26,656+€8

Largest movements

2024 to 2025
Assets

No asset line moved by more than 1% of the balance sheet total.

    Equity and liabilities
    • Other debts +€2,880

      up €2,880 (+68.4%), from €4,210 to €7,090

    • Profit (loss) carried forward -€1,900

      down €1,900 (-5.0%), from -€38,319 to -€40,219

    • Trade debts -€972

      no longer reported in 2025 (was €972)

    Income statement
    • Gross operating margin -€17

      down €17 (-1.6%), from -€1,018 to -€1,034

    • Other operating charges +€12

      up €12 (+3.2%), from €387 to €400

    From the 2024 result to the 2025 result

    effect on the 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 -€1,871
    Gross operating margin -€17
    Other operating charges -€12
    Financial income +€0
    Financial charges -€0
    Result 2025 -€1,900

    Cash bridge derived

    cash 2024 to 2025

    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 +€8
    Investment -€1
    Financing €0
    Cash 2024 €9
    Net result for the year -€1,900
    Trade debts -€972
    Other debts +€2,880
    Current investments -€1
    Cash 2025 €16
    Every line side by side 37 lines
    Line Code 2024 2025 Change %
    Total assets 20/58 €26,656 €26,664 +€8 0.0%
    Fixed assets 21/28 €9,198 €9,198 = 0.0%
    Financial fixed assets 28 €9,198 €9,198 = 0.0%
    Current assets 29/58 €17,458 €17,466 +€8 0.0%
    Amounts receivable within one year 40/41 €954 €954 = 0.0%
    Trade receivables 40 €852 €852 = 0.0%
    Other amounts receivable 41 €103 €103 = 0.0%
    Current investments 50/53 €16,495 €16,496 +€1 0.0%
    Cash at bank and in hand 54/58 €9 €16 +€7 +76.7%
    Total equity and liabilities 10/49 €26,656 €26,664 +€8 0.0%
    Equity 10/15 €20,605 €18,705 -€1,900 -9.2%
    Contributions 10/11 €30,987 €30,987 = 0.0%
    Capital 10 €30,987 €30,987 = 0.0%
    Issued capital 100 €30,987 €30,987 = 0.0%
    Reserves 13 €27,937 €27,937 = 0.0%
    Non-distributable reserves 130/1 €3,099 €3,099 = 0.0%
    Legal reserve 130 €3,099 €3,099 = 0.0%
    Distributable reserves 133 €24,839 €24,839 = 0.0%
    Profit (loss) carried forward 14 -€38,319 -€40,219 -€1,900 -5.0%
    Amounts payable 17/49 €6,051 €7,959 +€1,908 +31.5%
    Amounts payable within one year 42/48 €6,051 €7,959 +€1,908 +31.5%
    Trade debts 44 €972 - -€972
    Suppliers 440/4 €972 - -€972
    Taxes, remuneration and social security 45 €869 €869 = 0.0%
    Taxes 450/3 €869 €869 = 0.0%
    Other amounts payable 47/48 €4,210 €7,090 +€2,880 +68.4%
    Other operating charges 640/8 €387 €400 +€12 +3.2%
    Gross operating margin 9900 -€1,018 -€1,034 -€17 -1.6%
    Operating profit (loss) 9901 -€1,405 -€1,434 -€29 -2.1%
    Financial income 75/76B €2 €2 +€0 +0.6%
    Recurring financial income 75 €2 €2 +€0 +0.6%
    Financial charges 65/66B €467 €467 +€0 0.0%
    Recurring financial charges 65 €467 €467 +€0 0.0%
    Profit (loss) for the period before taxes 9903 -€1,870 -€1,899 -€29 -1.5%
    Income taxes 67/77 €1 €1 = 0.0%
    Profit (loss) for the period 9904 -€1,871 -€1,900 -€29 -1.5%
    Profit (loss) for the period to be appropriated 9905 -€1,871 -€1,900 -€29 -1.5%

    Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.