MLZ TRANSPORTS: what changed
What changed
MLZ TRANSPORTS
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€7,811
2024 · €102,690-€94,879
Equity
€425,061
2024 · €474,822-€49,762
Cash
€38,659
2024 · €49,674-€11,015
Balance sheet total
€3.1m
2024 · €2.3m+€800,293
Largest movements
Assets
- Tangible fixed assets +€534,031
up €534,031 (+37.5%), from €1.4m to €2.0m
- Receivables within one year +€182,109
up €182,109 (+21.8%), from €834,085 to €1.0m
of which Other amounts receivable: +€133,689
- Deferred charges and accrued income +€75,397
up €75,397 (+1,654%), from €4,559 to €79,957
Equity and liabilities
- Debts after one year +€416,155
up €416,155 (+44.1%), from €943,874 to €1.4m
- Trade debts +€376,166
up €376,166 (+159%), from €236,600 to €612,766
- Current portion of long-term debt +€111,446
up €111,446 (+28.7%), from €388,538 to €499,984
- Tax, wage and social debts -€103,038
down €103,038 (-39.6%), from €259,940 to €156,902
of which Taxes: -€88,140
- Reserves -€57,572
down €57,572 (-96.9%), from €59,432 to €1,860
of which Distributable reserves: -€57,572
Income statement
- Staff costs +€120,179
up €120,179 (+13.0%), from €924,305 to €1.0m
- Gross operating margin +€97,383
up €97,383 (+6.1%), from €1.6m to €1.7m
- Depreciation +€80,030
up €80,030 (+18.5%), from €433,029 to €513,059
- Financial charges +€27,008
up €27,008 (+41.7%), from €64,814 to €91,822
- Write-downs -€22,364
no longer reported in 2025 (was €22,364)
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
€102,690
Gross operating margin
+€97,383
Staff costs
-€120,179
Depreciation
-€80,030
Write-downs
+€22,364
Other operating charges
-€12,827
Other operating items
+€8,952
Financial income
-€45
Financial charges
-€27,008
Taxes
+€16,511
Result 2025
€7,811
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
+€571,086
Investment
-€1.1m
Financing
+€470,029
Cash 2024
€49,674
From operations (derived)
+€571,086
Net result for the year
+€7,811
Depreciation
+€513,059
Stocks and contracts
-€14,731
Receivables within one year
-€182,109
Deferred charges and accrued income
-€75,397
Trade debts
+€376,166
Tax, wage and social debts
-€103,038
Other debts
+€44,198
Accrued charges and deferred income
+€5,128
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
+€470,029
Debts after one year
+€416,155
Current portion of long-term debt
+€111,446
Contributions, distributions and other
-€57,572
Cash 2025
€38,659
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,316,763 | €3,117,057 | +€800,293 | +34.5% |
| Fixed assets | 21/28 | €1,428,445 | €1,967,516 | +€539,071 | +37.7% |
| Tangible fixed assets | 22/27 | €1,424,015 | €1,958,046 | +€534,031 | +37.5% |
| Plant, machinery and equipment | 23 | €26,375 | €228,454 | +€202,079 | +766% |
| Furniture and vehicles | 24 | €63,537 | €131,532 | +€67,995 | +107% |
| Leasing and similar rights | 25 | €1,334,103 | €1,582,934 | +€248,831 | +18.7% |
| Other tangible fixed assets | 26 | - | €15,126 | +€15,126 | |
| Financial fixed assets | 28 | €4,430 | €9,470 | +€5,040 | +114% |
| Current assets | 29/58 | €888,319 | €1,149,541 | +€261,222 | +29.4% |
| Stocks and contracts in progress | 3 | - | €14,731 | +€14,731 | |
| Stocks | 30/36 | - | €14,731 | +€14,731 | |
| Amounts receivable within one year | 40/41 | €834,085 | €1,016,195 | +€182,109 | +21.8% |
| Trade receivables | 40 | €828,169 | €876,590 | +€48,420 | +5.8% |
| Other amounts receivable | 41 | €5,916 | €139,605 | +€133,689 | +2,260% |
| Cash at bank and in hand | 54/58 | €49,674 | €38,659 | -€11,015 | -22.2% |
| Deferred charges and accrued income | 490/1 | €4,559 | €79,957 | +€75,397 | +1,654% |
| Total equity and liabilities | 10/49 | €2,316,763 | €3,117,057 | +€800,293 | +34.5% |
| Equity | 10/15 | €474,822 | €425,061 | -€49,762 | -10.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €59,432 | €1,860 | -€57,572 | -96.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €57,572 | €0 | -€57,572 | -100% |
| Profit (loss) carried forward | 14 | €402,990 | €410,801 | +€7,811 | +1.9% |
| Amounts payable | 17/49 | €1,841,941 | €2,691,996 | +€850,055 | +46.1% |
| Amounts payable after more than one year | 17 | €943,874 | €1,360,029 | +€416,155 | +44.1% |
| Financial debts | 170/4 | €943,874 | €1,360,029 | +€416,155 | +44.1% |
| Amounts payable within one year | 42/48 | €894,150 | €1,322,923 | +€428,772 | +48.0% |
| Current portion of amounts payable after more than one year | 42 | €388,538 | €499,984 | +€111,446 | +28.7% |
| Trade debts | 44 | €236,600 | €612,766 | +€376,166 | +159% |
| Suppliers | 440/4 | €236,600 | €612,766 | +€376,166 | +159% |
| Taxes, remuneration and social security | 45 | €259,940 | €156,902 | -€103,038 | -39.6% |
| Taxes | 450/3 | €100,659 | €12,519 | -€88,140 | -87.6% |
| Remuneration and social security | 454/9 | €159,281 | €144,382 | -€14,898 | -9.4% |
| Other amounts payable | 47/48 | €9,072 | €53,271 | +€44,198 | +487% |
| Accrued charges and deferred income | 492/3 | €3,917 | €9,045 | +€5,128 | +131% |
| Non-recurring operating income | 76A | - | €8,395 | +€8,395 | |
| Remuneration, social security and pensions | 62 | €924,305 | €1,044,484 | +€120,179 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €433,029 | €513,059 | +€80,030 | +18.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,364 | - | -€22,364 | |
| Other operating charges | 640/8 | €17,462 | €30,288 | +€12,827 | +73.5% |
| Non-recurring operating charges | 66A | €18,667 | €9,715 | -€8,952 | -48.0% |
| Gross operating margin | 9900 | €1,599,759 | €1,697,142 | +€97,383 | +6.1% |
| Operating profit (loss) | 9901 | €183,933 | €99,596 | -€84,337 | -45.9% |
| Financial income | 75/76B | €82 | €37 | -€45 | -55.5% |
| Recurring financial income | 75 | €82 | €37 | -€45 | -55.5% |
| Financial charges | 65/66B | €64,814 | €91,822 | +€27,008 | +41.7% |
| Recurring financial charges | 65 | €64,814 | €91,822 | +€27,008 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €119,201 | €7,811 | -€111,390 | -93.4% |
| Income taxes | 67/77 | €16,511 | - | -€16,511 | |
| Profit (loss) for the period | 9904 | €102,690 | €7,811 | -€94,879 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,690 | €7,811 | -€94,879 | -92.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.