ML TRANS: what changed
Two fiscal 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.
ML TRANS
Largest movements
- Receivables within one year -€207,934
down €207,934 (-17.2%), from €1.2m to €1.0m
of which Trade receivables: -€185,423
- Tangible fixed assets -€120,412
down €120,412 (-9.5%), from €1.3m to €1.1m
of which Leasing and similar rights: -€234,565
- Cash +€71,595
up €71,595 (+15.0%), from €477,188 to €548,784
mainly Depreciation (+€564,021) and Net result for the year (+€232,814)
- Debts after one year -€409,721
down €409,721 (-22.2%), from €1.8m to €1.4m
- Profit (loss) carried forward +€232,814
up €232,814 (+15.1%), from €1.5m to €1.8m
- Tax, wage and social debts -€152,692
down €152,692 (-57.3%), from €266,532 to €113,840
of which Taxes: -€128,524
- Trade debts +€65,661
up €65,661 (+19.2%), from €341,449 to €407,110
- Current portion of long-term debt -€58,208
down €58,208 (-11.1%), from €523,753 to €465,546
- Gross operating margin -€458,098
down €458,098 (-17.7%), from €2.6m to €2.1m
- Depreciation -€394,970
down €394,970 (-41.2%), from €958,992 to €564,021
- Other operating charges -€38,525
down €38,525 (-65.2%), from €59,117 to €20,593
- Staff costs +€36,799
up €36,799 (+3.3%), from €1.1m to €1.1m
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,582,027 | €4,246,686 | -€335,341 | -7.3% |
| Fixed assets | 21/28 | €2,824,891 | €2,669,478 | -€155,412 | -5.5% |
| Tangible fixed assets | 22/27 | €1,266,796 | €1,146,383 | -€120,412 | -9.5% |
| Plant, machinery and equipment | 23 | €62,505 | €150,318 | +€87,813 | +140.5% |
| Furniture and vehicles | 24 | €528,585 | €554,925 | +€26,340 | +5.0% |
| Leasing and similar rights | 25 | €675,705 | €441,140 | -€234,565 | -34.7% |
| Financial fixed assets | 28 | €1,558,095 | €1,523,095 | -€35,000 | -2.2% |
| Current assets | 29/58 | €1,757,136 | €1,577,208 | -€179,928 | -10.2% |
| Amounts receivable within one year | 40/41 | €1,209,521 | €1,001,587 | -€207,934 | -17.2% |
| Trade receivables | 40 | €1,043,909 | €858,486 | -€185,423 | -17.8% |
| Other amounts receivable | 41 | €165,612 | €143,101 | -€22,511 | -13.6% |
| Cash at bank and in hand | 54/58 | €477,188 | €548,784 | +€71,595 | +15.0% |
| Deferred charges and accrued income | 490/1 | €70,426 | €26,837 | -€43,589 | -61.9% |
| Total equity and liabilities | 10/49 | €4,582,027 | €4,246,686 | -€335,341 | -7.3% |
| Equity | 10/15 | €1,563,039 | €1,795,853 | +€232,814 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €1,544,439 | €1,777,253 | +€232,814 | +15.1% |
| Amounts payable | 17/49 | €3,018,988 | €2,450,833 | -€568,154 | -18.8% |
| Amounts payable after more than one year | 17 | €1,847,455 | €1,437,734 | -€409,721 | -22.2% |
| Financial debts | 170/4 | €1,847,455 | €1,437,734 | -€409,721 | -22.2% |
| Amounts payable within one year | 42/48 | €1,162,084 | €1,013,099 | -€148,984 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €523,753 | €465,546 | -€58,208 | -11.1% |
| Trade debts | 44 | €341,449 | €407,110 | +€65,661 | +19.2% |
| Suppliers | 440/4 | €341,449 | €407,110 | +€65,661 | +19.2% |
| Taxes, remuneration and social security | 45 | €266,532 | €113,840 | -€152,692 | -57.3% |
| Taxes | 450/3 | €135,745 | €7,221 | -€128,524 | -94.7% |
| Remuneration and social security | 454/9 | €130,788 | €106,620 | -€24,168 | -18.5% |
| Other amounts payable | 47/48 | €30,349 | €26,604 | -€3,746 | -12.3% |
| Accrued charges and deferred income | 492/3 | €9,449 | - | -€9,449 | |
| Non-recurring operating income | 76A | - | €11,094 | +€11,094 | |
| Remuneration, social security and pensions | 62 | €1,109,517 | €1,146,317 | +€36,799 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €958,992 | €564,021 | -€394,970 | -41.2% |
| Other operating charges | 640/8 | €59,117 | €20,593 | -€38,525 | -65.2% |
| Gross operating margin | 9900 | €2,589,797 | €2,131,699 | -€458,098 | -17.7% |
| Operating profit (loss) | 9901 | €462,171 | €400,769 | -€61,402 | -13.3% |
| Financial income | 75/76B | €100 | €9,891 | +€9,791 | +9789.6% |
| Recurring financial income | 75 | €100 | €10 | -€90 | -90.2% |
| Non-recurring financial income | 76B | - | €9,881 | +€9,881 | |
| Financial charges | 65/66B | €63,439 | €87,304 | +€23,865 | +37.6% |
| Recurring financial charges | 65 | €63,439 | €87,304 | +€23,865 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €398,831 | €323,355 | -€75,477 | -18.9% |
| Income taxes | 67/77 | €107,553 | €90,541 | -€17,012 | -15.8% |
| Profit (loss) for the period | 9904 | €291,279 | €232,814 | -€58,465 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €291,279 | €232,814 | -€58,465 | -20.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.