MDH TRANSPORTS: what changed
MDH TRANSPORTS
Largest movements
- Cash +€38,906
up €38,906 (+229%), from €16,953 to €55,859
mainly Net result for the year (+€40,615) and Receivables within one year (+€7,923)
- Receivables within one year -€7,923
down €7,923 (-22.2%), from €35,739 to €27,816
- Profit (loss) carried forward +€40,615
up €40,615 (+136%), from €29,810 to €70,425
- Other debts -€12,432
down €12,432 (-67.1%), from €18,522 to €6,090
- Tax, wage and social debts +€2,112
up €2,112 (+58.2%), from €3,631 to €5,743
- Other operating charges -€7,353
down €7,353 (-40.9%), from €17,993 to €10,640
- Taxes +€6,538
new in 2025: €6,538
- Staff costs -€614
down €614 (-91.1%), from €674 to €60
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,611 | €84,069 | +€30,458 | +56.8% |
| Fixed assets | 21/28 | €920 | €394 | -€526 | -57.2% |
| Tangible fixed assets | 22/27 | €920 | €394 | -€526 | -57.2% |
| Furniture and vehicles | 24 | €920 | €394 | -€526 | -57.2% |
| Current assets | 29/58 | €52,692 | €83,675 | +€30,984 | +58.8% |
| Amounts receivable within one year | 40/41 | €35,739 | €27,816 | -€7,923 | -22.2% |
| Trade receivables | 40 | €35,739 | €27,816 | -€7,923 | -22.2% |
| Cash at bank and in hand | 54/58 | €16,953 | €55,859 | +€38,906 | +229% |
| Total equity and liabilities | 10/49 | €53,611 | €84,069 | +€30,458 | +56.8% |
| Equity | 10/15 | €30,810 | €71,425 | +€40,615 | +132% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Share premium | 1100/10 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,810 | €70,425 | +€40,615 | +136% |
| Amounts payable | 17/49 | €22,802 | €12,644 | -€10,157 | -44.5% |
| Amounts payable within one year | 42/48 | €22,802 | €12,644 | -€10,157 | -44.5% |
| Trade debts | 44 | €648 | €811 | +€163 | +25.1% |
| Suppliers | 440/4 | €648 | €811 | +€163 | +25.1% |
| Taxes, remuneration and social security | 45 | €3,631 | €5,743 | +€2,112 | +58.2% |
| Taxes | 450/3 | €3,631 | €5,743 | +€2,112 | +58.2% |
| Other amounts payable | 47/48 | €18,522 | €6,090 | -€12,432 | -67.1% |
| Remuneration, social security and pensions | 62 | €674 | €60 | -€614 | -91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €658 | €526 | -€132 | -20.1% |
| Other operating charges | 640/8 | €17,993 | €10,640 | -€7,353 | -40.9% |
| Non-recurring operating charges | 66A | €8,967 | - | -€8,967 | |
| Gross operating margin | 9900 | €58,923 | €58,854 | -€70 | -0.1% |
| Operating profit (loss) | 9901 | €30,631 | €47,627 | +€16,996 | +55.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €822 | €475 | -€347 | -42.3% |
| Recurring financial charges | 65 | €822 | €475 | -€347 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | €29,810 | €47,153 | +€17,343 | +58.2% |
| Income taxes | 67/77 | - | €6,538 | +€6,538 | |
| Profit (loss) for the period | 9904 | €29,810 | €40,615 | +€10,806 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,810 | €40,615 | +€10,806 | +36.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.