MC-Logistics: 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.
MC-Logistics
Largest movements
- Tangible fixed assets +€465,877
up €465,877 (+27.8%), from €1.7m to €2.1m
of which Leasing and similar rights: +€503,456
- Receivables within one year +€135,708
up €135,708 (+45.1%), from €301,001 to €436,710
of which Trade receivables: +€135,708
- Cash +€39,695
up €39,695 (+41.7%), from €95,130 to €134,826
mainly Debts after one year (+€277,432) and Depreciation (+€242,605)
- Debts after one year +€277,432
up €277,432 (+241%), from €115,012 to €392,443
- Other debts +€170,130
up €170,130 (+73.9%), from €230,065 to €400,196
- Reserves +€110,955
up €110,955 (+13.3%), from €836,041 to €946,996
of which Distributable reserves: +€110,955
- Current portion of long-term debt +€79,287
up €79,287 (+50.9%), from €155,728 to €235,015
- Tax, wage and social debts +€66,005
up €66,005 (+55.0%), from €120,020 to €186,025
of which Remuneration and social security: +€39,478
- Gross operating margin +€736,115
up €736,115 (+92.9%), from €792,426 to €1.5m
- Staff costs +€331,457
up €331,457 (+43.1%), from €769,368 to €1.1m
- Depreciation +€84,370
up €84,370 (+53.3%), from €158,235 to €242,605
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 | €2,119,741 | €2,768,505 | +€648,764 | +30.6% |
| Fixed assets | 21/28 | €1,677,388 | €2,143,265 | +€465,877 | +27.8% |
| Tangible fixed assets | 22/27 | €1,677,388 | €2,143,265 | +€465,877 | +27.8% |
| Land and buildings | 22 | €1,562,687 | €1,516,637 | -€46,050 | -2.9% |
| Plant, machinery and equipment | 23 | €111,712 | €120,985 | +€9,273 | +8.3% |
| Furniture and vehicles | 24 | €2,989 | €2,188 | -€801 | -26.8% |
| Leasing and similar rights | 25 | - | €503,456 | +€503,456 | |
| Current assets | 29/58 | €442,353 | €625,240 | +€182,887 | +41.3% |
| Amounts receivable within one year | 40/41 | €301,001 | €436,710 | +€135,708 | +45.1% |
| Trade receivables | 40 | €301,001 | €436,710 | +€135,708 | +45.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €33 | €33 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €95,130 | €134,826 | +€39,695 | +41.7% |
| Deferred charges and accrued income | 490/1 | €46,188 | €53,672 | +€7,484 | +16.2% |
| Total equity and liabilities | 10/49 | €2,119,741 | €2,768,505 | +€648,764 | +30.6% |
| Equity | 10/15 | €1,356,041 | €1,466,996 | +€110,955 | +8.2% |
| Contributions | 10/11 | €520,000 | €520,000 | = | 0.0% |
| Reserves | 13 | €836,041 | €946,996 | +€110,955 | +13.3% |
| Tax-exempt reserves | 132 | €395 | €395 | = | 0.0% |
| Distributable reserves | 133 | €835,646 | €946,601 | +€110,955 | +13.3% |
| Amounts payable | 17/49 | €763,700 | €1,301,509 | +€537,810 | +70.4% |
| Amounts payable after more than one year | 17 | €115,012 | €392,443 | +€277,432 | +241% |
| Financial debts | 170/4 | €115,012 | €392,443 | +€277,432 | +241% |
| Amounts payable within one year | 42/48 | €644,897 | €905,473 | +€260,576 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €155,728 | €235,015 | +€79,287 | +50.9% |
| Financial debts | 43 | €7,733 | €0 | -€7,733 | -100% |
| Credit institutions | 430/8 | €7,733 | €0 | -€7,733 | -100% |
| Trade debts | 44 | €119,957 | €84,238 | -€35,719 | -29.8% |
| Suppliers | 440/4 | €119,957 | €84,238 | -€35,719 | -29.8% |
| Advances received on contracts in progress | 46 | €11,394 | €0 | -€11,394 | -100% |
| Taxes, remuneration and social security | 45 | €120,020 | €186,025 | +€66,005 | +55.0% |
| Taxes | 450/3 | €21,433 | €47,960 | +€26,527 | +124% |
| Remuneration and social security | 454/9 | €98,587 | €138,065 | +€39,478 | +40.0% |
| Other amounts payable | 47/48 | €230,065 | €400,196 | +€170,130 | +73.9% |
| Accrued charges and deferred income | 492/3 | €3,791 | €3,592 | -€198 | -5.2% |
| Non-recurring operating income | 76A | - | €16,110 | +€16,110 | |
| Remuneration, social security and pensions | 62 | €769,368 | €1,100,825 | +€331,457 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,235 | €242,605 | +€84,370 | +53.3% |
| Other operating charges | 640/8 | €29,822 | €41,264 | +€11,443 | +38.4% |
| Non-recurring operating charges | 66A | €1,573 | €0 | -€1,573 | -100% |
| Gross operating margin | 9900 | €792,426 | €1,528,540 | +€736,115 | +92.9% |
| Operating profit (loss) | 9901 | -€166,571 | €143,846 | +€310,417 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +113% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +113% |
| Financial charges | 65/66B | €7,286 | €20,854 | +€13,568 | +186% |
| Recurring financial charges | 65 | €7,286 | €20,854 | +€13,568 | +186% |
| Profit (loss) for the period before taxes | 9903 | -€173,857 | €122,992 | +€296,849 | |
| Income taxes | 67/77 | €10 | €12,037 | +€12,028 | +126,477% |
| Profit (loss) for the period | 9904 | -€173,866 | €110,955 | +€284,821 | |
| Profit (loss) for the period to be appropriated | 9905 | -€173,866 | €110,955 | +€284,821 |
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 13 October 2026 via checked.be.