TRANSPORT MIDAS: what changed
TRANSPORT MIDAS
Largest movements
- Receivables within one year -€65,062
down €65,062 (-93.2%), from €69,798 to €4,736
of which Trade receivables: -€59,235
- Cash +€44,562
up €44,562 (+136%), from €32,790 to €77,352
mainly Receivables within one year (+€65,062) and Tax, wage and social debts (+€64,573)
- Tangible fixed assets -€17,365
down €17,365 (-37.0%), from €46,892 to €29,527
- Trade debts -€86,630
no longer reported in 2024 (was €86,630)
- Tax, wage and social debts +€64,573
up €64,573 (+303%), from €21,298 to €85,871
of which Taxes: +€47,055
- Current portion of long-term debt -€8,498
no longer reported in 2024 (was €8,498)
- Profit (loss) carried forward -€7,310
down €7,310 (-22.8%), from €31,994 to €24,684
- Staff costs -€65,592
down €65,592 (-37.6%), from €174,366 to €108,774
- Other operating charges +€35,846
up €35,846 (+2,898%), from €1,237 to €37,083
- Gross operating margin -€30,908
down €30,908 (-15.7%), from €197,284 to €166,375
- Financial charges +€6,639
up €6,639 (+236%), from €2,814 to €9,453
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €191,480 | €153,615 | -€37,865 | -19.8% |
| Fixed assets | 21/28 | €46,892 | €29,527 | -€17,365 | -37.0% |
| Tangible fixed assets | 22/27 | €46,892 | €29,527 | -€17,365 | -37.0% |
| Furniture and vehicles | 24 | €46,892 | €29,527 | -€17,365 | -37.0% |
| Current assets | 29/58 | €144,588 | €124,088 | -€20,500 | -14.2% |
| Amounts receivable within one year | 40/41 | €69,798 | €4,736 | -€65,062 | -93.2% |
| Trade receivables | 40 | €62,783 | €3,548 | -€59,235 | -94.3% |
| Other amounts receivable | 41 | €7,015 | €1,189 | -€5,826 | -83.1% |
| Cash at bank and in hand | 54/58 | €32,790 | €77,352 | +€44,562 | +136% |
| Deferred charges and accrued income | 490/1 | €42,000 | €42,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €191,480 | €153,615 | -€37,865 | -19.8% |
| Equity | 10/15 | €75,054 | €67,744 | -€7,310 | -9.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €36,860 | €36,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,994 | €24,684 | -€7,310 | -22.8% |
| Amounts payable | 17/49 | €116,426 | €85,871 | -€30,555 | -26.2% |
| Amounts payable within one year | 42/48 | €116,426 | €85,871 | -€30,555 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €8,498 | - | -€8,498 | |
| Trade debts | 44 | €86,630 | - | -€86,630 | |
| Suppliers | 440/4 | €86,630 | - | -€86,630 | |
| Taxes, remuneration and social security | 45 | €21,298 | €85,871 | +€64,573 | +303% |
| Taxes | 450/3 | €7,868 | €54,923 | +€47,055 | +598% |
| Remuneration and social security | 454/9 | €13,430 | €30,948 | +€17,518 | +130% |
| Remuneration, social security and pensions | 62 | €174,366 | €108,774 | -€65,592 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,365 | €17,365 | = | 0.0% |
| Other operating charges | 640/8 | €1,237 | €37,083 | +€35,846 | +2,898% |
| Gross operating margin | 9900 | €197,284 | €166,375 | -€30,908 | -15.7% |
| Operating profit (loss) | 9901 | €4,315 | €3,153 | -€1,162 | -26.9% |
| Financial income | 75/76B | €26 | - | -€26 | |
| Recurring financial income | 75 | €26 | - | -€26 | |
| Financial charges | 65/66B | €2,814 | €9,453 | +€6,639 | +236% |
| Recurring financial charges | 65 | €2,814 | €9,453 | +€6,639 | +236% |
| Profit (loss) for the period before taxes | 9903 | €1,527 | -€6,300 | -€7,827 | |
| Income taxes | 67/77 | €1,500 | €1,010 | -€490 | -32.7% |
| Profit (loss) for the period | 9904 | €27 | -€7,310 | -€7,337 | |
| Profit (loss) for the period to be appropriated | 9905 | €27 | -€7,310 | -€7,337 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.