MANAGEMENT SECURITY PRODUCTIONS: what changed
What changed
MANAGEMENT SECURITY PRODUCTIONS
NACE 80.010, Investigation and private security services
filed annual accounts (NBB)
Net result for the year
€28,827
2024 · €18,213+€10,614
Equity
€577,023
2024 · €548,196+€28,827
Cash
€539,512
2024 · €499,332+€40,180
Balance sheet total
€600,492
2024 · €581,363+€19,129
Largest movements
Assets
- Cash +€40,180
up €40,180 (+8.0%), from €499,332 to €539,512
mainly Net result for the year (+€28,827) and Receivables within one year (+€20,531)
- Receivables within one year -€20,531
down €20,531 (-26.6%), from €77,060 to €56,529
of which Trade receivables: -€22,118
Equity and liabilities
- Reserves +€20,000
up €20,000 (+162%), from €12,355 to €32,355
of which Distributable reserves: +€20,000
- Trade debts -€9,533
down €9,533 (-50.3%), from €18,960 to €9,428
- Profit (loss) carried forward +€8,827
up €8,827 (+1.7%), from €529,641 to €538,468
Income statement
- Turnover +€231,171
new in 2025: €231,171
- Purchases and services +€116,942
new in 2025: €116,942
- Gross operating margin +€19,422
up €19,422 (+18.4%), from €105,779 to €125,202
- Taxes +€4,599
up €4,599 (+41.0%), from €11,205 to €15,804
- Staff costs +€3,121
up €3,121 (+4.0%), from €78,867 to €81,988
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
€18,213
Gross operating margin
+€19,422
Staff costs
-€3,121
Depreciation
+€246
Other operating charges
+€1,130
Other operating items
-€1,570
Financial income
-€887
Financial charges
-€8
Taxes
-€4,599
Result 2025
€28,827
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
+€40,180
Investment
€0
Financing
€0
Cash 2024
€499,332
From operations (derived)
+€40,180
Net result for the year
+€28,827
Depreciation
+€503
Receivables within one year
+€20,531
Deferred charges and accrued income
+€16
Trade debts
-€9,533
Tax, wage and social debts
-€165
Cash 2025
€539,512
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €581,363 | €600,492 | +€19,129 | +3.3% |
| Fixed assets | 21/28 | €2,081 | €1,578 | -€503 | -24.2% |
| Tangible fixed assets | 22/27 | €711 | €208 | -€503 | -70.8% |
| Plant, machinery and equipment | 23 | €71 | €0 | -€71 | -100% |
| Furniture and vehicles | 24 | €640 | €208 | -€432 | -67.5% |
| Financial fixed assets | 28 | €1,370 | €1,370 | = | 0.0% |
| Current assets | 29/58 | €579,282 | €598,914 | +€19,632 | +3.4% |
| Amounts receivable within one year | 40/41 | €77,060 | €56,529 | -€20,531 | -26.6% |
| Trade receivables | 40 | €69,275 | €47,157 | -€22,118 | -31.9% |
| Other amounts receivable | 41 | €7,785 | €9,372 | +€1,587 | +20.4% |
| Cash at bank and in hand | 54/58 | €499,332 | €539,512 | +€40,180 | +8.0% |
| Deferred charges and accrued income | 490/1 | €2,890 | €2,874 | -€16 | -0.6% |
| Total equity and liabilities | 10/49 | €581,363 | €600,492 | +€19,129 | +3.3% |
| Equity | 10/15 | €548,196 | €577,023 | +€28,827 | +5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,355 | €32,355 | +€20,000 | +162% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €495 | €495 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €30,000 | +€20,000 | +200% |
| Profit (loss) carried forward | 14 | €529,641 | €538,468 | +€8,827 | +1.7% |
| Amounts payable | 17/49 | €33,167 | €23,469 | -€9,698 | -29.2% |
| Amounts payable within one year | 42/48 | €33,167 | €23,469 | -€9,698 | -29.2% |
| Trade debts | 44 | €18,960 | €9,428 | -€9,533 | -50.3% |
| Suppliers | 440/4 | €18,960 | €9,428 | -€9,533 | -50.3% |
| Taxes, remuneration and social security | 45 | €14,206 | €14,041 | -€165 | -1.2% |
| Taxes | 450/3 | €5,368 | €6,879 | +€1,511 | +28.1% |
| Remuneration and social security | 454/9 | €8,838 | €7,163 | -€1,676 | -19.0% |
| Turnover | 70 | - | €231,171 | +€231,171 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €116,942 | +€116,942 | |
| Remuneration, social security and pensions | 62 | €78,867 | €81,988 | +€3,121 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €749 | €503 | -€246 | -32.9% |
| Other operating charges | 640/8 | €1,890 | €760 | -€1,130 | -59.8% |
| Non-recurring operating charges | 66A | - | €1,570 | +€1,570 | |
| Gross operating margin | 9900 | €105,779 | €125,202 | +€19,422 | +18.4% |
| Operating profit (loss) | 9901 | €24,272 | €40,381 | +€16,108 | +66.4% |
| Financial income | 75/76B | €5,423 | €4,535 | -€887 | -16.4% |
| Recurring financial income | 75 | €5,423 | €4,535 | -€887 | -16.4% |
| Financial charges | 65/66B | €277 | €285 | +€8 | +2.8% |
| Recurring financial charges | 65 | €277 | €285 | +€8 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €29,418 | €44,631 | +€15,213 | +51.7% |
| Income taxes | 67/77 | €11,205 | €15,804 | +€4,599 | +41.0% |
| Profit (loss) for the period | 9904 | €18,213 | €28,827 | +€10,614 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,213 | €28,827 | +€10,614 | +58.3% |
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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 2 November 2026 via checked.be.