MEG-Transport: 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.
MEG-Transport
Largest movements
- Cash +€13,777
up €13,777 (+214%), from €6,441 to €20,218
mainly Depreciation (+€33,975) and Tax, wage and social debts (+€23,865)
- Tangible fixed assets +€8,570
up €8,570 (+9.4%), from €91,490 to €100,061
of which Furniture and vehicles: +€11,252
- Receivables within one year +€5,241
up €5,241 (+19.8%), from €26,505 to €31,746
of which Trade receivables: +€5,629
- Tax, wage and social debts +€23,865
up €23,865 (+140%), from €17,043 to €40,908
of which Remuneration and social security: +€18,445
- Current portion of long-term debt -€7,233
down €7,233 (-30.1%), from €24,054 to €16,821
- Profit (loss) carried forward +€4,932
up €4,932 (+6.5%), from €75,581 to €80,512
- Trade debts +€3,866
new in 2025: €3,866
- Debts after one year +€3,415
up €3,415 (+57.1%), from €5,977 to €9,393
- Gross operating margin +€72,517
up €72,517 (+39.9%), from €181,728 to €254,245
- Staff costs +€50,072
up €50,072 (+49.8%), from €100,576 to €150,648
- Other operating charges +€42,791
up €42,791 (+536%), from €7,976 to €50,767
- Taxes -€16,344
no longer reported in 2025 (was €16,344)
- Depreciation -€10,237
down €10,237 (-23.2%), from €44,212 to €33,975
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 | €134,827 | €162,500 | +€27,673 | +20.5% |
| Fixed assets | 21/28 | €100,568 | €109,139 | +€8,570 | +8.5% |
| Tangible fixed assets | 22/27 | €91,490 | €100,061 | +€8,570 | +9.4% |
| Plant, machinery and equipment | 23 | €6,256 | €3,575 | -€2,681 | -42.9% |
| Furniture and vehicles | 24 | €85,235 | €96,486 | +€11,252 | +13.2% |
| Financial fixed assets | 28 | €9,078 | €9,078 | = | 0.0% |
| Current assets | 29/58 | €34,259 | €53,361 | +€19,103 | +55.8% |
| Amounts receivable within one year | 40/41 | €26,505 | €31,746 | +€5,241 | +19.8% |
| Trade receivables | 40 | €20,674 | €26,302 | +€5,629 | +27.2% |
| Other amounts receivable | 41 | €5,831 | €5,444 | -€388 | -6.7% |
| Cash at bank and in hand | 54/58 | €6,441 | €20,218 | +€13,777 | +214% |
| Deferred charges and accrued income | 490/1 | €1,313 | €1,397 | +€84 | +6.4% |
| Total equity and liabilities | 10/49 | €134,827 | €162,500 | +€27,673 | +20.5% |
| Equity | 10/15 | €86,581 | €91,512 | +€4,932 | +5.7% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,581 | €80,512 | +€4,932 | +6.5% |
| Amounts payable | 17/49 | €48,246 | €70,988 | +€22,741 | +47.1% |
| Amounts payable after more than one year | 17 | €5,977 | €9,393 | +€3,415 | +57.1% |
| Financial debts | 170/4 | €5,977 | €9,393 | +€3,415 | +57.1% |
| Amounts payable within one year | 42/48 | €42,269 | €61,595 | +€19,326 | +45.7% |
| Current portion of amounts payable after more than one year | 42 | €24,054 | €16,821 | -€7,233 | -30.1% |
| Trade debts | 44 | - | €3,866 | +€3,866 | |
| Suppliers | 440/4 | - | €3,866 | +€3,866 | |
| Taxes, remuneration and social security | 45 | €17,043 | €40,908 | +€23,865 | +140% |
| Taxes | 450/3 | €6,664 | €12,084 | +€5,419 | +81.3% |
| Remuneration and social security | 454/9 | €10,379 | €28,824 | +€18,445 | +178% |
| Other amounts payable | 47/48 | €1,172 | - | -€1,172 | |
| Remuneration, social security and pensions | 62 | €100,576 | €150,648 | +€50,072 | +49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,212 | €33,975 | -€10,237 | -23.2% |
| Other operating charges | 640/8 | €7,976 | €50,767 | +€42,791 | +536% |
| Non-recurring operating charges | 66A | - | €11,657 | +€11,657 | |
| Gross operating margin | 9900 | €181,728 | €254,245 | +€72,517 | +39.9% |
| Operating profit (loss) | 9901 | €28,965 | €7,198 | -€21,767 | -75.1% |
| Financial charges | 65/66B | €2,801 | €2,267 | -€535 | -19.1% |
| Recurring financial charges | 65 | €2,801 | €2,267 | -€535 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €26,163 | €4,932 | -€21,232 | -81.2% |
| Income taxes | 67/77 | €16,344 | - | -€16,344 | |
| Profit (loss) for the period | 9904 | €9,819 | €4,932 | -€4,887 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,819 | €4,932 | -€4,887 | -49.8% |
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 26 October 2026 via checked.be.