MO TRANS: 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.
MO TRANS
Largest movements
- Receivables within one year +€79,468
up €79,468 (+76.1%), from €104,422 to €183,890
of which Trade receivables: +€52,562
- Tangible fixed assets -€59,410
down €59,410 (-43.6%), from €136,309 to €76,899
- Cash -€49,325
down €49,325 (-93.7%), from €52,625 to €3,300
mainly Receivables within one year (-€79,468) and Debts after one year (-€30,892)
- Deferred charges and accrued income +€4,112
up €4,112 (+89.1%), from €4,614 to €8,726
- Reserves +€32,192
up €32,192 (+24.9%), from €129,371 to €161,564
- Debts after one year -€30,892
down €30,892 (-46.9%), from €65,822 to €34,930
- Trade debts -€26,724
down €26,724 (-72.5%), from €36,882 to €10,158
- Gross operating margin +€44,470
up €44,470 (+20.7%), from €214,760 to €259,230
- Staff costs +€14,415
up €14,415 (+11.4%), from €126,382 to €140,798
- Depreciation +€9,765
up €9,765 (+19.7%), from €49,645 to €59,410
- Other operating charges +€5,063
up €5,063 (+70.0%), from €7,234 to €12,298
- Taxes +€4,368
up €4,368 (+68.1%), from €6,418 to €10,785
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 | €298,104 | €273,284 | -€24,821 | -8.3% |
| Fixed assets | 21/28 | €136,444 | €77,369 | -€59,075 | -43.3% |
| Tangible fixed assets | 22/27 | €136,309 | €76,899 | -€59,410 | -43.6% |
| Furniture and vehicles | 24 | €136,309 | €76,899 | -€59,410 | -43.6% |
| Financial fixed assets | 28 | €135 | €470 | +€335 | +248% |
| Current assets | 29/58 | €161,660 | €195,915 | +€34,254 | +21.2% |
| Amounts receivable within one year | 40/41 | €104,422 | €183,890 | +€79,468 | +76.1% |
| Trade receivables | 40 | €29,091 | €81,653 | +€52,562 | +181% |
| Other amounts receivable | 41 | €75,331 | €102,236 | +€26,906 | +35.7% |
| Cash at bank and in hand | 54/58 | €52,625 | €3,300 | -€49,325 | -93.7% |
| Deferred charges and accrued income | 490/1 | €4,614 | €8,726 | +€4,112 | +89.1% |
| Total equity and liabilities | 10/49 | €298,104 | €273,284 | -€24,821 | -8.3% |
| Equity | 10/15 | €144,371 | €176,564 | +€32,192 | +22.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €129,371 | €161,564 | +€32,192 | +24.9% |
| Distributable reserves | 133 | €129,371 | €161,564 | +€32,192 | +24.9% |
| Amounts payable | 17/49 | €153,733 | €96,720 | -€57,013 | -37.1% |
| Amounts payable after more than one year | 17 | €65,822 | €34,930 | -€30,892 | -46.9% |
| Financial debts | 170/4 | €65,822 | €34,930 | -€30,892 | -46.9% |
| Amounts payable within one year | 42/48 | €87,911 | €61,790 | -€26,121 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €29,648 | €30,892 | +€1,244 | +4.2% |
| Trade debts | 44 | €36,882 | €10,158 | -€26,724 | -72.5% |
| Suppliers | 440/4 | €36,882 | €10,158 | -€26,724 | -72.5% |
| Taxes, remuneration and social security | 45 | €21,151 | €20,510 | -€641 | -3.0% |
| Taxes | 450/3 | €3,446 | €1,883 | -€1,563 | -45.4% |
| Remuneration and social security | 454/9 | €17,705 | €18,627 | +€922 | +5.2% |
| Other amounts payable | 47/48 | €230 | €230 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €126,382 | €140,798 | +€14,415 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,645 | €59,410 | +€9,765 | +19.7% |
| Other operating charges | 640/8 | €7,234 | €12,298 | +€5,063 | +70.0% |
| Gross operating margin | 9900 | €214,760 | €259,230 | +€44,470 | +20.7% |
| Operating profit (loss) | 9901 | €31,499 | €46,725 | +€15,226 | +48.3% |
| Financial income | 75/76B | €55 | €98 | +€43 | +77.9% |
| Recurring financial income | 75 | €55 | €98 | +€43 | +77.9% |
| Financial charges | 65/66B | €5,365 | €3,845 | -€1,520 | -28.3% |
| Recurring financial charges | 65 | €5,365 | €3,845 | -€1,520 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €26,189 | €42,978 | +€16,789 | +64.1% |
| Income taxes | 67/77 | €6,418 | €10,785 | +€4,368 | +68.1% |
| Profit (loss) for the period | 9904 | €19,771 | €32,192 | +€12,421 | +62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,771 | €32,192 | +€12,421 | +62.8% |
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 20 October 2026 via checked.be.