MS TRANS BELGIUM: 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.
MS TRANS BELGIUM
Largest movements
- Cash -€34,778
down €34,778 (-99.7%), from €34,889 to €112
mainly Net result for the year (-€42,912) and Deferred charges and accrued income (-€16,224)
- Receivables within one year -€20,773
down €20,773 (-55.7%), from €37,276 to €16,503
of which Trade receivables: -€14,634
- Deferred charges and accrued income +€16,224
new in 2025: €16,224
- Tangible fixed assets -€13,396
down €13,396 (-68.5%), from €19,546 to €6,150
- Profit (loss) carried forward -€42,912
down €42,912 (-71.7%), from €59,888 to €16,976
- Tax, wage and social debts -€4,237
down €4,237 (-24.5%), from €17,321 to €13,084
- Trade debts -€3,472
down €3,472 (-12.2%), from €28,427 to €24,955
- Other debts -€2,205
down €2,205 (-71.7%), from €3,076 to €870
- Gross operating margin -€50,584
down €50,584, from €26,523 to -€24,061
- Taxes -€3,230
no longer reported in 2025 (was €3,230)
- Depreciation -€3,050
down €3,050 (-42.7%), from €7,150 to €4,100
- Other operating charges +€540
up €540 (+11.5%), from €4,682 to €5,221
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 | €108,711 | €55,988 | -€52,723 | -48.5% |
| Fixed assets | 21/28 | €36,546 | €23,150 | -€13,396 | -36.7% |
| Tangible fixed assets | 22/27 | €19,546 | €6,150 | -€13,396 | -68.5% |
| Furniture and vehicles | 24 | €19,546 | €6,150 | -€13,396 | -68.5% |
| Financial fixed assets | 28 | €17,000 | €17,000 | = | 0.0% |
| Current assets | 29/58 | €72,165 | €32,838 | -€39,327 | -54.5% |
| Amounts receivable within one year | 40/41 | €37,276 | €16,503 | -€20,773 | -55.7% |
| Trade receivables | 40 | €30,506 | €15,872 | -€14,634 | -48.0% |
| Other amounts receivable | 41 | €6,770 | €631 | -€6,139 | -90.7% |
| Cash at bank and in hand | 54/58 | €34,889 | €112 | -€34,778 | -99.7% |
| Deferred charges and accrued income | 490/1 | - | €16,224 | +€16,224 | |
| Total equity and liabilities | 10/49 | €108,711 | €55,988 | -€52,723 | -48.5% |
| Equity | 10/15 | €59,888 | €16,976 | -€42,912 | -71.7% |
| Profit (loss) carried forward | 14 | €59,888 | €16,976 | -€42,912 | -71.7% |
| Amounts payable | 17/49 | €48,823 | €39,012 | -€9,811 | -20.1% |
| Amounts payable within one year | 42/48 | €48,823 | €38,909 | -€9,914 | -20.3% |
| Trade debts | 44 | €28,427 | €24,955 | -€3,472 | -12.2% |
| Suppliers | 440/4 | €28,427 | €24,955 | -€3,472 | -12.2% |
| Taxes, remuneration and social security | 45 | €17,321 | €13,084 | -€4,237 | -24.5% |
| Taxes | 450/3 | €17,321 | €13,084 | -€4,237 | -24.5% |
| Other amounts payable | 47/48 | €3,076 | €870 | -€2,205 | -71.7% |
| Accrued charges and deferred income | 492/3 | - | €103 | +€103 | |
| Non-recurring operating income | 76A | €5,573 | - | -€5,573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,150 | €4,100 | -€3,050 | -42.7% |
| Other operating charges | 640/8 | €4,682 | €5,221 | +€540 | +11.5% |
| Non-recurring operating charges | 66A | €4,941 | €8,635 | +€3,694 | +74.7% |
| Gross operating margin | 9900 | €26,523 | -€24,061 | -€50,584 | |
| Operating profit (loss) | 9901 | €9,750 | -€42,017 | -€51,767 | |
| Financial income | 75/76B | €74 | €219 | +€145 | +197% |
| Recurring financial income | 75 | €74 | €219 | +€145 | +197% |
| Financial charges | 65/66B | €1,158 | €1,113 | -€45 | -3.9% |
| Recurring financial charges | 65 | €1,158 | €1,113 | -€45 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €8,665 | -€42,912 | -€51,577 | |
| Income taxes | 67/77 | €3,230 | - | -€3,230 | |
| Profit (loss) for the period | 9904 | €5,435 | -€42,912 | -€48,347 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,435 | -€42,912 | -€48,347 |
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 1 November 2026 via checked.be.