MDT TRANS: 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.
MDT TRANS
Largest movements
- Tangible fixed assets +€88,404
up €88,404 (+81.9%), from €107,984 to €196,388
of which Furniture and vehicles: +€89,074
- Receivables within one year -€17,133
down €17,133 (-36.0%), from €47,597 to €30,464
of which Trade receivables: -€19,871
- Cash -€10,224
down €10,224 (-55.4%), from €18,442 to €8,219
mainly Investment in fixed assets (net) (-€140,000) and Accrued charges and deferred income (-€11,006)
- Debts after one year +€42,023
up €42,023 (+59.7%), from €70,439 to €112,462
- Current portion of long-term debt +€20,760
up €20,760 (+110%), from €18,884 to €39,644
- Reserves +€18,320
up €18,320 (+50.7%), from €36,110 to €54,430
- Accrued charges and deferred income -€11,006
down €11,006 (-94.2%), from €11,680 to €673
- Trade debts -€6,398
down €6,398 (-60.4%), from €10,597 to €4,199
- Depreciation +€36,229
up €36,229 (+236%), from €15,368 to €51,596
- Gross operating margin +€34,844
up €34,844 (+52.4%), from €66,535 to €101,379
- Other operating charges +€16,958
up €16,958 (+653%), from €2,597 to €19,555
- Taxes -€4,215
down €4,215 (-42.6%), from €9,905 to €5,690
- Financial charges +€3,661
up €3,661 (+143%), from €2,555 to €6,216
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 | €186,398 | €248,512 | +€62,114 | +33.3% |
| Fixed assets | 21/28 | €120,359 | €208,763 | +€88,404 | +73.4% |
| Tangible fixed assets | 22/27 | €107,984 | €196,388 | +€88,404 | +81.9% |
| Plant, machinery and equipment | 23 | €2,738 | €2,068 | -€670 | -24.5% |
| Furniture and vehicles | 24 | €105,246 | €194,320 | +€89,074 | +84.6% |
| Financial fixed assets | 28 | €12,375 | €12,375 | = | 0.0% |
| Current assets | 29/58 | €66,039 | €39,749 | -€26,290 | -39.8% |
| Amounts receivable within one year | 40/41 | €47,597 | €30,464 | -€17,133 | -36.0% |
| Trade receivables | 40 | €46,026 | €26,154 | -€19,871 | -43.2% |
| Other amounts receivable | 41 | €1,571 | €4,310 | +€2,739 | +174% |
| Cash at bank and in hand | 54/58 | €18,442 | €8,219 | -€10,224 | -55.4% |
| Deferred charges and accrued income | 490/1 | - | €1,067 | +€1,067 | |
| Total equity and liabilities | 10/49 | €186,398 | €248,512 | +€62,114 | +33.3% |
| Equity | 10/15 | €41,110 | €59,430 | +€18,320 | +44.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €36,110 | €54,430 | +€18,320 | +50.7% |
| Distributable reserves | 133 | €36,110 | €54,430 | +€18,320 | +50.7% |
| Amounts payable | 17/49 | €145,288 | €189,082 | +€43,794 | +30.1% |
| Amounts payable after more than one year | 17 | €70,439 | €112,462 | +€42,023 | +59.7% |
| Financial debts | 170/4 | €70,439 | €112,462 | +€42,023 | +59.7% |
| Amounts payable within one year | 42/48 | €63,169 | €75,946 | +€12,777 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €18,884 | €39,644 | +€20,760 | +110% |
| Trade debts | 44 | €10,597 | €4,199 | -€6,398 | -60.4% |
| Suppliers | 440/4 | €10,597 | €4,199 | -€6,398 | -60.4% |
| Taxes, remuneration and social security | 45 | €19,289 | €17,745 | -€1,543 | -8.0% |
| Taxes | 450/3 | €15,039 | €15,245 | +€207 | +1.4% |
| Remuneration and social security | 454/9 | €4,250 | €2,500 | -€1,750 | -41.2% |
| Other amounts payable | 47/48 | €14,400 | €14,358 | -€42 | -0.3% |
| Accrued charges and deferred income | 492/3 | €11,680 | €673 | -€11,006 | -94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,368 | €51,596 | +€36,229 | +236% |
| Other operating charges | 640/8 | €2,597 | €19,555 | +€16,958 | +653% |
| Gross operating margin | 9900 | €66,535 | €101,379 | +€34,844 | +52.4% |
| Operating profit (loss) | 9901 | €48,570 | €30,227 | -€18,344 | -37.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,555 | €6,216 | +€3,661 | +143% |
| Recurring financial charges | 65 | €2,555 | €6,216 | +€3,661 | +143% |
| Profit (loss) for the period before taxes | 9903 | €46,015 | €24,010 | -€22,005 | -47.8% |
| Income taxes | 67/77 | €9,905 | €5,690 | -€4,215 | -42.6% |
| Profit (loss) for the period | 9904 | €36,110 | €18,320 | -€17,790 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,110 | €18,320 | -€17,790 | -49.3% |
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 20 October 2026 via checked.be.