ML 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.
ML Transport
Largest movements
- Cash -€240,244
down €240,244 (-79.8%), from €301,036 to €60,792
mainly Contributions, distributions and other (-€555,000) and Investment in fixed assets (net) (-€234,113)
- Receivables within one year +€104,981
up €104,981 (+13.4%), from €783,964 to €888,945
of which Other amounts receivable: +€76,785
- Tangible fixed assets +€75,794
up €75,794 (+31.7%), from €239,354 to €315,148
of which Furniture and vehicles: +€77,033
- Deferred charges and accrued income +€59,693
new in 2025: €59,693
- Reserves -€560,083
down €560,083 (-77.5%), from €722,984 to €162,902
of which Distributable reserves: -€555,000
- Other debts +€465,000
new in 2025: €465,000
- Profit (loss) carried forward +€239,004
up €239,004 (+61.2%), from €390,761 to €629,765
- Tax, wage and social debts -€107,720
down €107,720 (-41.0%), from €262,862 to €155,142
of which Taxes: -€121,542
- Trade debts -€29,049
down €29,049 (-38.9%), from €74,723 to €45,674
- Staff costs +€239,925
up €239,925 (+15.9%), from €1.5m to €1.7m
- Taxes -€167,241
down €167,241 (-64.5%), from €259,254 to €92,013
- Gross operating margin -€96,183
down €96,183 (-3.9%), from €2.5m to €2.4m
- Other operating charges -€49,412
down €49,412 (-22.7%), from €217,449 to €168,037
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 | €1,464,806 | €1,465,030 | +€224 | 0.0% |
| Fixed assets | 21/28 | €379,807 | €455,600 | +€75,794 | +20.0% |
| Tangible fixed assets | 22/27 | €239,354 | €315,148 | +€75,794 | +31.7% |
| Plant, machinery and equipment | 23 | €1,159 | €34 | -€1,125 | -97.1% |
| Furniture and vehicles | 24 | €237,415 | €314,448 | +€77,033 | +32.4% |
| Other tangible fixed assets | 26 | €781 | €666 | -€115 | -14.7% |
| Financial fixed assets | 28 | €140,452 | €140,452 | = | 0.0% |
| Current assets | 29/58 | €1,084,999 | €1,009,429 | -€75,570 | -7.0% |
| Amounts receivable within one year | 40/41 | €783,964 | €888,945 | +€104,981 | +13.4% |
| Trade receivables | 40 | €234,951 | €263,146 | +€28,196 | +12.0% |
| Other amounts receivable | 41 | €549,013 | €625,799 | +€76,785 | +14.0% |
| Cash at bank and in hand | 54/58 | €301,036 | €60,792 | -€240,244 | -79.8% |
| Deferred charges and accrued income | 490/1 | - | €59,693 | +€59,693 | |
| Total equity and liabilities | 10/49 | €1,464,806 | €1,465,030 | +€224 | 0.0% |
| Equity | 10/15 | €1,119,946 | €798,867 | -€321,079 | -28.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €722,984 | €162,902 | -€560,083 | -77.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,124 | €1,042 | -€5,083 | -83.0% |
| Distributable reserves | 133 | €715,000 | €160,000 | -€555,000 | -77.6% |
| Profit (loss) carried forward | 14 | €390,761 | €629,765 | +€239,004 | +61.2% |
| Provisions and deferred taxes | 16 | €2,041 | €347 | -€1,694 | -83.0% |
| Deferred taxes | 168 | €2,041 | €347 | -€1,694 | -83.0% |
| Amounts payable | 17/49 | €342,819 | €665,816 | +€322,997 | +94.2% |
| Amounts payable within one year | 42/48 | €337,585 | €665,816 | +€328,231 | +97.2% |
| Trade debts | 44 | €74,723 | €45,674 | -€29,049 | -38.9% |
| Suppliers | 440/4 | €74,723 | €45,674 | -€29,049 | -38.9% |
| Taxes, remuneration and social security | 45 | €262,862 | €155,142 | -€107,720 | -41.0% |
| Taxes | 450/3 | €121,542 | - | -€121,542 | |
| Remuneration and social security | 454/9 | €141,320 | €155,142 | +€13,822 | +9.8% |
| Other amounts payable | 47/48 | - | €465,000 | +€465,000 | |
| Accrued charges and deferred income | 492/3 | €5,234 | - | -€5,234 | |
| Remuneration, social security and pensions | 62 | €1,505,304 | €1,745,229 | +€239,925 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,979 | €158,319 | +€2,339 | +1.5% |
| Other operating charges | 640/8 | €217,449 | €168,037 | -€49,412 | -22.7% |
| Gross operating margin | 9900 | €2,489,134 | €2,392,952 | -€96,183 | -3.9% |
| Operating profit (loss) | 9901 | €610,402 | €321,367 | -€289,035 | -47.4% |
| Financial income | 75/76B | €24,018 | €3,181 | -€20,837 | -86.8% |
| Recurring financial income | 75 | €15,275 | €3,181 | -€12,094 | -79.2% |
| Non-recurring financial income | 76B | €8,743 | - | -€8,743 | |
| Financial charges | 65/66B | €13,208 | €308 | -€12,901 | -97.7% |
| Recurring financial charges | 65 | €12,537 | €308 | -€12,230 | -97.5% |
| Non-recurring financial charges | 66B | €671 | - | -€671 | |
| Profit (loss) for the period before taxes | 9903 | €621,211 | €324,240 | -€296,971 | -47.8% |
| Transfer from deferred taxes | 780 | €2,958 | €1,694 | -€1,264 | -42.7% |
| Transfer to deferred taxes | 680 | €500 | - | -€500 | |
| Income taxes | 67/77 | €259,254 | €92,013 | -€167,241 | -64.5% |
| Profit (loss) for the period | 9904 | €364,415 | €233,921 | -€130,494 | -35.8% |
| Transfer from tax-exempt reserves | 789 | €8,875 | €5,083 | -€3,792 | -42.7% |
| Transfer to tax-exempt reserves | 689 | €1,500 | - | -€1,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €371,790 | €239,004 | -€132,786 | -35.7% |
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 23 October 2026 via checked.be.