MCT 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.
MCT LOGISTICS
Largest movements
- Tangible fixed assets -€36,418
down €36,418 (-74.1%), from €49,176 to €12,758
of which Leasing and similar rights: -€26,029
- Receivables within one year +€9,104
up €9,104 (+266%), from €3,426 to €12,530
of which Trade receivables: +€9,104
- Cash +€2,560
up €2,560 (+7.5%), from €34,221 to €36,781
mainly Investment in fixed assets (net) (+€25,029) and Net result for the year (+€21,863)
- Deferred charges and accrued income -€1,683
no longer reported in 2025 (was €1,683)
- Profit (loss) carried forward +€21,863
up €21,863, from -€9,093 to €12,770
- Debts after one year -€20,205
down €20,205 (-74.1%), from €27,279 to €7,075
- Trade debts -€19,670
down €19,670 (-97.5%), from €20,171 to €501
- Tax, wage and social debts -€4,665
down €4,665 (-54.9%), from €8,492 to €3,827
- Current portion of long-term debt -€4,192
down €4,192 (-16.8%), from €24,896 to €20,703
- Staff costs -€39,879
no longer reported in 2025 (was €39,879)
- Gross operating margin -€33,452
down €33,452 (-49.9%), from €67,025 to €33,573
- Depreciation -€25,963
down €25,963 (-69.5%), from €37,352 to €11,389
- Taxes -€3,683
new in 2025: -€3,683
- Financial charges -€1,444
down €1,444 (-41.4%), from €3,484 to €2,040
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 | €93,642 | €67,205 | -€26,437 | -28.2% |
| Fixed assets | 21/28 | €54,311 | €17,893 | -€36,418 | -67.1% |
| Tangible fixed assets | 22/27 | €49,176 | €12,758 | -€36,418 | -74.1% |
| Furniture and vehicles | 24 | €19,867 | €10,311 | -€9,557 | -48.1% |
| Leasing and similar rights | 25 | €26,029 | - | -€26,029 | |
| Other tangible fixed assets | 26 | €3,280 | €2,448 | -€832 | -25.4% |
| Financial fixed assets | 28 | €5,135 | €5,135 | = | 0.0% |
| Current assets | 29/58 | €39,331 | €49,311 | +€9,981 | +25.4% |
| Amounts receivable within one year | 40/41 | €3,426 | €12,530 | +€9,104 | +266% |
| Trade receivables | 40 | €3,419 | €12,524 | +€9,104 | +266% |
| Other amounts receivable | 41 | €7 | €7 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,221 | €36,781 | +€2,560 | +7.5% |
| Deferred charges and accrued income | 490/1 | €1,683 | - | -€1,683 | |
| Total equity and liabilities | 10/49 | €93,642 | €67,205 | -€26,437 | -28.2% |
| Equity | 10/15 | €10,907 | €32,770 | +€21,863 | +200% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,093 | €12,770 | +€21,863 | |
| Amounts payable | 17/49 | €82,734 | €34,435 | -€48,299 | -58.4% |
| Amounts payable after more than one year | 17 | €27,279 | €7,075 | -€20,205 | -74.1% |
| Trade debts | 175 | €27,279 | €7,075 | -€20,205 | -74.1% |
| Amounts payable within one year | 42/48 | €55,455 | €27,360 | -€28,095 | -50.7% |
| Current portion of amounts payable after more than one year | 42 | €24,896 | €20,703 | -€4,192 | -16.8% |
| Trade debts | 44 | €20,171 | €501 | -€19,670 | -97.5% |
| Suppliers | 440/4 | €20,171 | €501 | -€19,670 | -97.5% |
| Taxes, remuneration and social security | 45 | €8,492 | €3,827 | -€4,665 | -54.9% |
| Taxes | 450/3 | €8,492 | €3,827 | -€4,665 | -54.9% |
| Other amounts payable | 47/48 | €1,896 | €2,329 | +€433 | +22.8% |
| Remuneration, social security and pensions | 62 | €39,879 | - | -€39,879 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,352 | €11,389 | -€25,963 | -69.5% |
| Other operating charges | 640/8 | €1,049 | €1,966 | +€916 | +87.3% |
| Gross operating margin | 9900 | €67,025 | €33,573 | -€33,452 | -49.9% |
| Operating profit (loss) | 9901 | -€11,255 | €20,219 | +€31,474 | |
| Financial income | 75/76B | €97 | - | -€97 | |
| Recurring financial income | 75 | €97 | - | -€97 | |
| Financial charges | 65/66B | €3,484 | €2,040 | -€1,444 | -41.4% |
| Recurring financial charges | 65 | €3,484 | €2,040 | -€1,444 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,642 | €18,179 | +€32,821 | |
| Income taxes | 67/77 | - | -€3,683 | -€3,683 | |
| Profit (loss) for the period | 9904 | -€14,642 | €21,863 | +€36,504 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,642 | €21,863 | +€36,504 |
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 18 October 2026 via checked.be.