Memo 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.
Memo Transport
Largest movements
- Receivables within one year +€42,397
up €42,397 (+109%), from €39,014 to €81,411
of which Trade receivables: +€42,397
- Tangible fixed assets +€3,233
up €3,233 (+10.6%), from €30,398 to €33,630
- Cash +€1,496
up €1,496 (+282%), from €530 to €2,026
mainly Depreciation (+€31,767) and Net result for the year (+€16,953)
- Profit (loss) carried forward +€16,953
up €16,953, from -€10,410 to €6,543
- Debts after one year +€16,202
new in 2026: €16,202
- Current portion of long-term debt -€14,801
down €14,801 (-56.4%), from €26,266 to €11,465
- Other debts +€13,653
up €13,653 (+42.3%), from €32,246 to €45,899
- Trade debts +€8,139
up €8,139 (+302%), from €2,694 to €10,833
- Gross operating margin +€51,300
up €51,300 (+129%), from €39,722 to €91,022
- Staff costs +€32,447
up €32,447 (+537%), from €6,037 to €38,484
- Depreciation +€4,129
up €4,129 (+14.9%), from €27,638 to €31,767
- Other operating charges +€1,676
up €1,676 (+258%), from €650 to €2,326
- Financial income +€1,410
up €1,410 (+3,820%), from €37 to €1,446
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,942 | €117,067 | +€47,125 | +67.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €30,398 | €33,630 | +€3,233 | +10.6% |
| Tangible fixed assets | 22/27 | €30,398 | €33,630 | +€3,233 | +10.6% |
| Furniture and vehicles | 24 | €30,398 | €33,630 | +€3,233 | +10.6% |
| Current assets | 29/58 | €39,544 | €83,437 | +€43,893 | +111% |
| Amounts receivable within one year | 40/41 | €39,014 | €81,411 | +€42,397 | +109% |
| Trade receivables | 40 | €39,014 | €81,411 | +€42,397 | +109% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €530 | €2,026 | +€1,496 | +282% |
| Total equity and liabilities | 10/49 | €69,942 | €117,067 | +€47,125 | +67.4% |
| Equity | 10/15 | €4,590 | €21,543 | +€16,953 | +369% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,410 | €6,543 | +€16,953 | |
| Amounts payable | 17/49 | €65,351 | €95,524 | +€30,173 | +46.2% |
| Amounts payable after more than one year | 17 | - | €16,202 | +€16,202 | |
| Financial debts | 170/4 | - | €16,202 | +€16,202 | |
| Amounts payable within one year | 42/48 | €65,351 | €79,322 | +€13,970 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €26,266 | €11,465 | -€14,801 | -56.4% |
| Trade debts | 44 | €2,694 | €10,833 | +€8,139 | +302% |
| Suppliers | 440/4 | €2,694 | €10,833 | +€8,139 | +302% |
| Taxes, remuneration and social security | 45 | €4,145 | €11,124 | +€6,979 | +168% |
| Taxes | 450/3 | - | €5,056 | +€5,056 | |
| Remuneration and social security | 454/9 | €4,145 | €6,069 | +€1,923 | +46.4% |
| Other amounts payable | 47/48 | €32,246 | €45,899 | +€13,653 | +42.3% |
| Remuneration, social security and pensions | 62 | €6,037 | €38,484 | +€32,447 | +537% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,638 | €31,767 | +€4,129 | +14.9% |
| Other operating charges | 640/8 | €650 | €2,326 | +€1,676 | +258% |
| Gross operating margin | 9900 | €39,722 | €91,022 | +€51,300 | +129% |
| Operating profit (loss) | 9901 | €5,397 | €18,445 | +€13,048 | +242% |
| Financial income | 75/76B | €37 | €1,446 | +€1,410 | +3,820% |
| Recurring financial income | 75 | €37 | €1,446 | +€1,410 | +3,820% |
| Financial charges | 65/66B | €2,086 | €2,731 | +€645 | +30.9% |
| Recurring financial charges | 65 | €2,086 | €2,731 | +€645 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €3,348 | €17,160 | +€13,812 | +413% |
| Income taxes | 67/77 | €218 | €207 | -€11 | -5.1% |
| Profit (loss) for the period | 9904 | €3,130 | €16,953 | +€13,823 | +442% |
| Profit (loss) for the period to be appropriated | 9905 | €3,130 | €16,953 | +€13,823 | +442% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.