Transport MRCE: 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.
Transport MRCE
Largest movements
- Tangible fixed assets +€28,286
up €28,286 (+26.1%), from €108,260 to €136,546
of which Furniture and vehicles: +€57,109
- Cash +€22,936
up €22,936 (+60.0%), from €38,245 to €61,182
mainly Depreciation (+€46,854) and Net result for the year (+€31,938)
- Receivables within one year +€12,863
up €12,863 (+15.2%), from €84,693 to €97,556
- Reserves +€31,938
up €31,938 (+71.1%), from €44,923 to €76,861
- Trade debts +€30,321
up €30,321 (+132%), from €22,913 to €53,234
- Debts after one year +€17,259
up €17,259 (+39.5%), from €43,698 to €60,957
- Current portion of long-term debt -€14,064
down €14,064 (-35.1%), from €40,090 to €26,026
- Short-term financial debts +€12,373
new in 2025: €12,373
- Gross operating margin +€21,389
up €21,389 (+27.8%), from €76,913 to €98,302
- Depreciation +€8,471
up €8,471 (+22.1%), from €38,383 to €46,854
- Taxes +€3,265
up €3,265 (+51.8%), from €6,299 to €9,563
- Other operating charges +€3,119
up €3,119 (+209%), from €1,495 to €4,614
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 | €234,175 | €299,876 | +€65,701 | +28.1% |
| Fixed assets | 21/28 | €109,360 | €138,896 | +€29,536 | +27.0% |
| Tangible fixed assets | 22/27 | €108,260 | €136,546 | +€28,286 | +26.1% |
| Plant, machinery and equipment | 23 | €9,519 | €9,096 | -€423 | -4.4% |
| Furniture and vehicles | 24 | €25,372 | €82,481 | +€57,109 | +225% |
| Leasing and similar rights | 25 | €73,369 | €44,969 | -€28,400 | -38.7% |
| Financial fixed assets | 28 | €1,100 | €2,350 | +€1,250 | +114% |
| Current assets | 29/58 | €124,815 | €160,981 | +€36,165 | +29.0% |
| Amounts receivable within one year | 40/41 | €84,693 | €97,556 | +€12,863 | +15.2% |
| Trade receivables | 40 | €84,693 | €97,556 | +€12,863 | +15.2% |
| Cash at bank and in hand | 54/58 | €38,245 | €61,182 | +€22,936 | +60.0% |
| Deferred charges and accrued income | 490/1 | €1,877 | €2,243 | +€366 | +19.5% |
| Total equity and liabilities | 10/49 | €234,175 | €299,876 | +€65,701 | +28.1% |
| Equity | 10/15 | €57,423 | €89,361 | +€31,938 | +55.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €44,923 | €76,861 | +€31,938 | +71.1% |
| Distributable reserves | 133 | €44,923 | €76,861 | +€31,938 | +71.1% |
| Amounts payable | 17/49 | €176,752 | €210,515 | +€33,764 | +19.1% |
| Amounts payable after more than one year | 17 | €43,698 | €60,957 | +€17,259 | +39.5% |
| Financial debts | 170/4 | €43,698 | €60,957 | +€17,259 | +39.5% |
| Amounts payable within one year | 42/48 | €132,604 | €149,422 | +€16,818 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €40,090 | €26,026 | -€14,064 | -35.1% |
| Financial debts | 43 | - | €12,373 | +€12,373 | |
| Credit institutions | 430/8 | - | €12,373 | +€12,373 | |
| Trade debts | 44 | €22,913 | €53,234 | +€30,321 | +132% |
| Suppliers | 440/4 | €22,913 | €53,234 | +€30,321 | +132% |
| Taxes, remuneration and social security | 45 | €18,977 | €13,436 | -€5,542 | -29.2% |
| Taxes | 450/3 | €18,977 | €13,436 | -€5,542 | -29.2% |
| Other amounts payable | 47/48 | €50,624 | €44,353 | -€6,270 | -12.4% |
| Accrued charges and deferred income | 492/3 | €449 | €136 | -€313 | -69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,383 | €46,854 | +€8,471 | +22.1% |
| Other operating charges | 640/8 | €1,495 | €4,614 | +€3,119 | +209% |
| Non-recurring operating charges | 66A | - | €253 | +€253 | |
| Gross operating margin | 9900 | €76,913 | €98,302 | +€21,389 | +27.8% |
| Operating profit (loss) | 9901 | €37,035 | €46,580 | +€9,545 | +25.8% |
| Financial income | 75/76B | €66 | €2 | -€63 | -96.2% |
| Recurring financial income | 75 | €66 | €2 | -€63 | -96.2% |
| Financial charges | 65/66B | €5,738 | €5,082 | -€657 | -11.4% |
| Recurring financial charges | 65 | €5,738 | €5,082 | -€657 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €31,362 | €41,501 | +€10,139 | +32.3% |
| Income taxes | 67/77 | €6,299 | €9,563 | +€3,265 | +51.8% |
| Profit (loss) for the period | 9904 | €25,063 | €31,938 | +€6,874 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,063 | €31,938 | +€6,874 | +27.4% |
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 29 October 2026 via checked.be.