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.
MB - TRANS
Largest movements
- Cash +€304,254
up €304,254 (+25.8%), from €1.2m to €1.5m
mainly Depreciation (+€232,829) and Net result for the year (+€116,672)
- Tangible fixed assets -€121,629
down €121,629 (-24.9%), from €489,046 to €367,417
of which Furniture and vehicles: -€102,118
- Receivables within one year -€25,718
down €25,718 (-4.3%), from €592,547 to €566,829
of which Trade receivables: -€29,669
- Trade debts +€89,192
up €89,192 (+14.2%), from €630,120 to €719,312
- Reserves +€47,828
up €47,828 (+4.2%), from €1.1m to €1.2m
of which Tax-exempt reserves: +€53,000
- Other debts +€44,337
up €44,337 (+11.9%), from €371,668 to €416,005
- Current portion of long-term debt -€32,230
down €32,230 (-59.5%), from €54,166 to €21,937
- Gross operating margin +€35,641
up €35,641 (+5.1%), from €698,927 to €734,568
- Staff costs -€24,014
down €24,014 (-6.7%), from €356,409 to €332,395
- Depreciation +€8,975
up €8,975 (+4.0%), from €223,854 to €232,829
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,289,230 | €2,441,204 | +€151,973 | +6.6% |
| Fixed assets | 21/28 | €489,251 | €370,122 | -€119,129 | -24.3% |
| Tangible fixed assets | 22/27 | €489,046 | €367,417 | -€121,629 | -24.9% |
| Land and buildings | 22 | €600 | €354 | -€246 | -41.1% |
| Plant, machinery and equipment | 23 | €38,232 | €18,967 | -€19,265 | -50.4% |
| Furniture and vehicles | 24 | €450,215 | €348,096 | -€102,118 | -22.7% |
| Financial fixed assets | 28 | €205 | €2,705 | +€2,500 | +1219.5% |
| Current assets | 29/58 | €1,799,979 | €2,071,082 | +€271,103 | +15.1% |
| Stocks and contracts in progress | 3 | €3,300 | €3,300 | = | 0.0% |
| Stocks | 30/36 | €3,300 | €3,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €592,547 | €566,829 | -€25,718 | -4.3% |
| Trade receivables | 40 | €580,421 | €550,752 | -€29,669 | -5.1% |
| Other amounts receivable | 41 | €12,126 | €16,076 | +€3,951 | +32.6% |
| Cash at bank and in hand | 54/58 | €1,180,840 | €1,485,095 | +€304,254 | +25.8% |
| Deferred charges and accrued income | 490/1 | €23,292 | €15,858 | -€7,434 | -31.9% |
| Total equity and liabilities | 10/49 | €2,289,230 | €2,441,204 | +€151,973 | +6.6% |
| Equity | 10/15 | €1,158,950 | €1,206,778 | +€47,828 | +4.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,138,950 | €1,186,778 | +€47,828 | +4.2% |
| Tax-exempt reserves | 132 | €166,216 | €219,216 | +€53,000 | +31.9% |
| Distributable reserves | 133 | €972,733 | €967,562 | -€5,172 | -0.5% |
| Amounts payable | 17/49 | €1,130,281 | €1,234,426 | +€104,145 | +9.2% |
| Amounts payable after more than one year | 17 | €16,667 | €16,298 | -€369 | -2.2% |
| Financial debts | 170/4 | €16,667 | €16,298 | -€369 | -2.2% |
| Amounts payable within one year | 42/48 | €1,092,536 | €1,198,053 | +€105,517 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €54,166 | €21,937 | -€32,230 | -59.5% |
| Trade debts | 44 | €630,120 | €719,312 | +€89,192 | +14.2% |
| Suppliers | 440/4 | €630,120 | €719,312 | +€89,192 | +14.2% |
| Taxes, remuneration and social security | 45 | €36,582 | €40,799 | +€4,217 | +11.5% |
| Taxes | 450/3 | €8,870 | €11,264 | +€2,394 | +27.0% |
| Remuneration and social security | 454/9 | €27,713 | €29,535 | +€1,822 | +6.6% |
| Other amounts payable | 47/48 | €371,668 | €416,005 | +€44,337 | +11.9% |
| Accrued charges and deferred income | 492/3 | €21,078 | €20,075 | -€1,003 | -4.8% |
| Non-recurring operating income | 76A | €11,000 | €53,000 | +€42,000 | +381.8% |
| Remuneration, social security and pensions | 62 | €356,409 | €332,395 | -€24,014 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223,854 | €232,829 | +€8,975 | +4.0% |
| Other operating charges | 640/8 | €1,801 | €3,542 | +€1,741 | +96.7% |
| Gross operating margin | 9900 | €698,927 | €734,568 | +€35,641 | +5.1% |
| Operating profit (loss) | 9901 | €116,863 | €165,801 | +€48,939 | +41.9% |
| Financial income | 75/76B | €14,767 | €10,671 | -€4,096 | -27.7% |
| Recurring financial income | 75 | €14,767 | €10,671 | -€4,096 | -27.7% |
| Financial charges | 65/66B | €34,173 | €31,134 | -€3,040 | -8.9% |
| Recurring financial charges | 65 | €34,173 | €31,134 | -€3,040 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €97,456 | €145,338 | +€47,882 | +49.1% |
| Income taxes | 67/77 | €28,427 | €28,666 | +€239 | +0.8% |
| Profit (loss) for the period | 9904 | €69,029 | €116,672 | +€47,643 | +69.0% |
| Transfer to tax-exempt reserves | 689 | €11,000 | €53,000 | +€42,000 | +381.8% |
| Profit (loss) for the period to be appropriated | 9905 | €58,029 | €63,672 | +€5,643 | +9.7% |
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 7 October 2026 via checked.be.