MGRA Logitrans: 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.
MGRA Logitrans
Largest movements
- Tangible fixed assets -€19,886
down €19,886 (-8.0%), from €247,785 to €227,899
of which Land and buildings: -€10,849
- Receivables within one year +€11,933
up €11,933 (+5.9%), from €200,814 to €212,747
of which Trade receivables: +€13,575
- Contributions -€80,190
down €80,190 (-99.0%), from €81,000 to €810
- Other debts +€68,055
up €68,055 (+406%), from €16,761 to €84,817
- Short-term financial debts +€25,000
new in 2025: €25,000
- Reserves -€23,000
down €23,000 (-32.9%), from €70,000 to €47,000
- Tax, wage and social debts +€7,163
up €7,163 (+24.1%), from €29,745 to €36,907
of which Taxes: +€8,189
- Staff costs -€36,692
down €36,692 (-28.1%), from €130,603 to €93,911
- Gross operating margin -€28,368
down €28,368 (-13.5%), from €210,562 to €182,194
- Financial charges +€2,931
up €2,931 (+72.5%), from €4,041 to €6,972
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 | €453,180 | €446,037 | -€7,143 | -1.6% |
| Fixed assets | 21/28 | €247,785 | €227,899 | -€19,886 | -8.0% |
| Tangible fixed assets | 22/27 | €247,785 | €227,899 | -€19,886 | -8.0% |
| Land and buildings | 22 | €173,599 | €162,749 | -€10,849 | -6.2% |
| Plant, machinery and equipment | 23 | €14,967 | €10,505 | -€4,461 | -29.8% |
| Furniture and vehicles | 24 | €23,218 | €23,813 | +€595 | +2.6% |
| Other tangible fixed assets | 26 | €36,001 | €30,830 | -€5,171 | -14.4% |
| Current assets | 29/58 | €205,396 | €218,138 | +€12,743 | +6.2% |
| Amounts receivable within one year | 40/41 | €200,814 | €212,747 | +€11,933 | +5.9% |
| Trade receivables | 40 | €197,965 | €211,540 | +€13,575 | +6.9% |
| Other amounts receivable | 41 | €2,849 | €1,207 | -€1,642 | -57.6% |
| Cash at bank and in hand | 54/58 | €3,459 | €4,322 | +€863 | +24.9% |
| Deferred charges and accrued income | 490/1 | €1,122 | €1,069 | -€53 | -4.7% |
| Total equity and liabilities | 10/49 | €453,180 | €446,037 | -€7,143 | -1.6% |
| Equity | 10/15 | €173,268 | €70,423 | -€102,845 | -59.4% |
| Contributions | 10/11 | €81,000 | €810 | -€80,190 | -99.0% |
| Reserves | 13 | €70,000 | €47,000 | -€23,000 | -32.9% |
| Distributable reserves | 133 | €70,000 | €47,000 | -€23,000 | -32.9% |
| Profit (loss) carried forward | 14 | €22,268 | €22,613 | +€345 | +1.5% |
| Amounts payable | 17/49 | €279,912 | €375,614 | +€95,702 | +34.2% |
| Amounts payable after more than one year | 17 | €160,534 | €159,171 | -€1,363 | -0.8% |
| Financial debts | 170/4 | €160,534 | €159,171 | -€1,363 | -0.8% |
| Amounts payable within one year | 42/48 | €119,378 | €216,443 | +€97,065 | +81.3% |
| Current portion of amounts payable after more than one year | 42 | €21,606 | €22,287 | +€681 | +3.2% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €51,266 | €47,432 | -€3,834 | -7.5% |
| Suppliers | 440/4 | €51,266 | €47,432 | -€3,834 | -7.5% |
| Taxes, remuneration and social security | 45 | €29,745 | €36,907 | +€7,163 | +24.1% |
| Taxes | 450/3 | €10,436 | €18,625 | +€8,189 | +78.5% |
| Remuneration and social security | 454/9 | €19,309 | €18,282 | -€1,027 | -5.3% |
| Other amounts payable | 47/48 | €16,761 | €84,817 | +€68,055 | +406% |
| Remuneration, social security and pensions | 62 | €130,603 | €93,911 | -€36,692 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,923 | €38,688 | +€1,765 | +4.8% |
| Other operating charges | 640/8 | €1,690 | €1,725 | +€34 | +2.0% |
| Gross operating margin | 9900 | €210,562 | €182,194 | -€28,368 | -13.5% |
| Operating profit (loss) | 9901 | €41,345 | €47,871 | +€6,525 | +15.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -52.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -52.0% |
| Financial charges | 65/66B | €4,041 | €6,972 | +€2,931 | +72.5% |
| Recurring financial charges | 65 | €4,041 | €6,972 | +€2,931 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | €37,305 | €40,899 | +€3,594 | +9.6% |
| Income taxes | 67/77 | €14,048 | €15,555 | +€1,507 | +10.7% |
| Profit (loss) for the period | 9904 | €23,257 | €25,345 | +€2,087 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,257 | €25,345 | +€2,087 | +9.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.