MB SECURITY: what changed
Two fiscal 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.
MB SECURITY
Largest movements
- Receivables within one year +€43,534
up €43,534 (+106.1%), from €41,042 to €84,575
of which Trade receivables: +€42,327
- Tangible fixed assets -€4,428
down €4,428 (-48.3%), from €9,160 to €4,731
of which Furniture and vehicles: -€4,125
- Cash -€4,299
down €4,299 (-17.8%), from €24,146 to €19,847
mainly Receivables within one year (-€43,534) and Tax, wage and social debts (-€7,233)
- Financial fixed assets +€3,600
up €3,600 (+2400.0%), from €150 to €3,750
- Trade debts +€25,443
up €25,443 (+172.1%), from €14,786 to €40,230
- Profit (loss) carried forward +€18,229
up €18,229 (+90.3%), from €20,191 to €38,420
- Tax, wage and social debts -€7,233
down €7,233 (-27.5%), from €26,278 to €19,045
of which Remuneration and social security: -€4,606
- Other debts +€1,967
up €1,967 (+158.4%), from €1,242 to €3,209
- Gross operating margin +€24,966
up €24,966 (+60.4%), from €41,318 to €66,283
- Staff costs +€7,830
up €7,830 (+42.2%), from €18,546 to €26,376
- Taxes +€6,503
up €6,503 (+134.8%), from €4,825 to €11,328
- Other operating charges +€5,289
up €5,289 (+8205.0%), from €64 to €5,353
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,497 | €112,904 | +€38,407 | +51.6% |
| Fixed assets | 21/28 | €9,310 | €8,481 | -€828 | -8.9% |
| Tangible fixed assets | 22/27 | €9,160 | €4,731 | -€4,428 | -48.3% |
| Plant, machinery and equipment | 23 | €909 | €606 | -€303 | -33.3% |
| Furniture and vehicles | 24 | €8,250 | €4,125 | -€4,125 | -50.0% |
| Financial fixed assets | 28 | €150 | €3,750 | +€3,600 | +2400.0% |
| Current assets | 29/58 | €65,187 | €104,422 | +€39,235 | +60.2% |
| Amounts receivable within one year | 40/41 | €41,042 | €84,575 | +€43,534 | +106.1% |
| Trade receivables | 40 | €40,692 | €83,019 | +€42,327 | +104.0% |
| Other amounts receivable | 41 | €350 | €1,556 | +€1,206 | +344.7% |
| Cash at bank and in hand | 54/58 | €24,146 | €19,847 | -€4,299 | -17.8% |
| Total equity and liabilities | 10/49 | €74,497 | €112,904 | +€38,407 | +51.6% |
| Equity | 10/15 | €32,191 | €50,420 | +€18,229 | +56.6% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Capital | 10 | - | €12,000 | +€12,000 | |
| Issued capital | 100 | - | €12,000 | +€12,000 | |
| Profit (loss) carried forward | 14 | €20,191 | €38,420 | +€18,229 | +90.3% |
| Amounts payable | 17/49 | €42,306 | €62,483 | +€20,177 | +47.7% |
| Amounts payable within one year | 42/48 | €42,306 | €62,483 | +€20,177 | +47.7% |
| Trade debts | 44 | €14,786 | €40,230 | +€25,443 | +172.1% |
| Suppliers | 440/4 | €14,786 | €40,230 | +€25,443 | +172.1% |
| Taxes, remuneration and social security | 45 | €26,278 | €19,045 | -€7,233 | -27.5% |
| Taxes | 450/3 | €8,905 | €6,278 | -€2,627 | -29.5% |
| Remuneration and social security | 454/9 | €17,373 | €12,767 | -€4,606 | -26.5% |
| Other amounts payable | 47/48 | €1,242 | €3,209 | +€1,967 | +158.4% |
| Remuneration, social security and pensions | 62 | €18,546 | €26,376 | +€7,830 | +42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,756 | €4,428 | -€328 | -6.9% |
| Other operating charges | 640/8 | €64 | €5,353 | +€5,289 | +8205.0% |
| Non-recurring operating charges | 66A | - | €270 | +€270 | |
| Gross operating margin | 9900 | €41,318 | €66,283 | +€24,966 | +60.4% |
| Operating profit (loss) | 9901 | €17,951 | €29,856 | +€11,905 | +66.3% |
| Financial charges | 65/66B | €140 | €299 | +€158 | +112.9% |
| Recurring financial charges | 65 | €140 | €299 | +€158 | +112.9% |
| Profit (loss) for the period before taxes | 9903 | €17,810 | €29,557 | +€11,747 | +66.0% |
| Income taxes | 67/77 | €4,825 | €11,328 | +€6,503 | +134.8% |
| Profit (loss) for the period | 9904 | €12,985 | €18,229 | +€5,244 | +40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,985 | €18,229 | +€5,244 | +40.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.