MILKTRANS: what changed
What changed
MILKTRANS
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€241,356
2024 · €138,042+€103,313
Equity
€3.1m
2024 · €2.9m+€237,356
Cash
€280,094
2024 · €222,583+€57,511
Balance sheet total
€3.9m
2024 · €3.8m+€139,867
Largest movements
Assets
- Deferred charges and accrued income +€144,018
up €144,018 (+90.0%), from €160,054 to €304,071
- Cash +€57,511
up €57,511 (+25.8%), from €222,583 to €280,094
mainly Depreciation (+€300,149) and Net result for the year (+€241,356)
Equity and liabilities
- Reserves +€241,356
up €241,356 (+8.4%), from €2.9m to €3.1m
of which Distributable reserves: +€217,071
- Current portion of long-term debt -€82,002
down €82,002 (-31.6%), from €259,795 to €177,793
Income statement
- Turnover -€241,992
down €241,992 (-8.7%), from €2.8m to €2.5m
- Purchases and services -€185,980
down €185,980 (-15.9%), from €1.2m to €987,218
- Staff costs -€130,414
down €130,414 (-10.0%), from €1.3m to €1.2m
- Other operating charges -€63,720
down €63,720 (-90.9%), from €70,077 to €6,357
- Depreciation +€62,125
up €62,125 (+26.1%), from €238,024 to €300,149
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.
Result 2024
€138,042
Gross operating margin
-€5,225
Staff costs
+€130,414
Depreciation
-€62,125
Other operating charges
+€63,720
Financial income
+€5,908
Financial charges
-€2,218
Taxes
-€23,910
Deferred taxes and other
-€3,251
Result 2025
€241,356
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€390,025
Investment
-€271,421
Financing
-€61,093
Cash 2024
€222,583
From operations (derived)
+€390,025
Net result for the year
+€241,356
Depreciation
+€300,149
Receivables within one year
+€32,934
Deferred charges and accrued income
-€144,018
Trade debts
-€4,183
Tax, wage and social debts
-€36,178
Accrued charges and deferred income
-€35
Investment (derived)
-€271,421
Investment in fixed assets (net)
-€271,421
Financing
-€61,093
Debts after one year
+€25,870
Current portion of long-term debt
-€82,002
Short-term financial debts
-€962
Contributions, distributions and other
-€4,000
Cash 2025
€280,094
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,776,539 | €3,916,406 | +€139,867 | +3.7% |
| Fixed assets | 21/28 | €882,276 | €853,549 | -€28,728 | -3.3% |
| Tangible fixed assets | 22/27 | €879,615 | €850,887 | -€28,728 | -3.3% |
| Land and buildings | 22 | €451,499 | €432,715 | -€18,783 | -4.2% |
| Plant, machinery and equipment | 23 | €1,424 | - | -€1,424 | |
| Furniture and vehicles | 24 | €168,333 | €81,833 | -€86,500 | -51.4% |
| Leasing and similar rights | 25 | €258,359 | €336,339 | +€77,979 | +30.2% |
| Financial fixed assets | 28 | €2,661 | €2,661 | = | 0.0% |
| Current assets | 29/58 | €2,894,263 | €3,062,857 | +€168,595 | +5.8% |
| Amounts receivable within one year | 40/41 | €2,511,626 | €2,478,692 | -€32,934 | -1.3% |
| Trade receivables | 40 | €579,183 | €484,815 | -€94,367 | -16.3% |
| Other amounts receivable | 41 | €1,932,443 | €1,993,877 | +€61,434 | +3.2% |
| Cash at bank and in hand | 54/58 | €222,583 | €280,094 | +€57,511 | +25.8% |
| Deferred charges and accrued income | 490/1 | €160,054 | €304,071 | +€144,018 | +90.0% |
| Total equity and liabilities | 10/49 | €3,776,539 | €3,916,406 | +€139,867 | +3.7% |
| Equity | 10/15 | €2,889,056 | €3,126,412 | +€237,356 | +8.2% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €2,860,723 | €3,102,078 | +€241,356 | +8.4% |
| Tax-exempt reserves | 132 | €783,848 | €808,133 | +€24,285 | +3.1% |
| Distributable reserves | 133 | €2,076,875 | €2,293,945 | +€217,071 | +10.5% |
| Investment grants | 15 | €4,333 | €333 | -€4,000 | -92.3% |
| Provisions and deferred taxes | 16 | €91,607 | €91,607 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €91,607 | €91,607 | = | 0.0% |
| Pensions and similar obligations | 160 | €91,607 | €91,607 | = | 0.0% |
| Amounts payable | 17/49 | €795,876 | €698,387 | -€97,489 | -12.2% |
| Amounts payable after more than one year | 17 | €186,954 | €212,824 | +€25,870 | +13.8% |
| Financial debts | 170/4 | €186,954 | €212,824 | +€25,870 | +13.8% |
| Amounts payable within one year | 42/48 | €608,887 | €485,563 | -€123,324 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €259,795 | €177,793 | -€82,002 | -31.6% |
| Financial debts | 43 | €61,400 | €60,439 | -€962 | -1.6% |
| Other loans | 439 | €61,400 | €60,439 | -€962 | -1.6% |
| Trade debts | 44 | €139,155 | €134,972 | -€4,183 | -3.0% |
| Suppliers | 440/4 | €139,155 | €134,972 | -€4,183 | -3.0% |
| Taxes, remuneration and social security | 45 | €148,537 | €112,359 | -€36,178 | -24.4% |
| Taxes | 450/3 | €26,148 | €28,346 | +€2,198 | +8.4% |
| Remuneration and social security | 454/9 | €122,389 | €84,013 | -€38,376 | -31.4% |
| Accrued charges and deferred income | 492/3 | €35 | - | -€35 | |
| Turnover | 70 | €2,785,151 | €2,543,159 | -€241,992 | -8.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,173,197 | €987,218 | -€185,980 | -15.9% |
| Remuneration, social security and pensions | 62 | €1,297,818 | €1,167,403 | -€130,414 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238,024 | €300,149 | +€62,125 | +26.1% |
| Other operating charges | 640/8 | €70,077 | €6,357 | -€63,720 | -90.9% |
| Gross operating margin | 9900 | €1,749,349 | €1,744,123 | -€5,225 | -0.3% |
| Operating profit (loss) | 9901 | €143,430 | €270,214 | +€126,784 | +88.4% |
| Financial income | 75/76B | €48,186 | €54,095 | +€5,908 | +12.3% |
| Recurring financial income | 75 | €48,186 | €54,095 | +€5,908 | +12.3% |
| Financial charges | 65/66B | €8,393 | €10,611 | +€2,218 | +26.4% |
| Recurring financial charges | 65 | €8,393 | €10,611 | +€2,218 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €183,223 | €313,698 | +€130,475 | +71.2% |
| Transfer from deferred taxes | 780 | €3,251 | - | -€3,251 | |
| Income taxes | 67/77 | €48,432 | €72,342 | +€23,910 | +49.4% |
| Profit (loss) for the period | 9904 | €138,042 | €241,356 | +€103,313 | +74.8% |
| Transfer from tax-exempt reserves | 789 | €9,754 | - | -€9,754 | |
| Transfer to tax-exempt reserves | 689 | €4,000 | €24,285 | +€20,285 | +507% |
| Profit (loss) for the period to be appropriated | 9905 | €143,796 | €217,071 | +€73,274 | +51.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.