MCA Associés: 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.
MCA Associés
Largest movements
- Current investments +€399,683
up €399,683 (+4.0%), from €10.1m to €10.5m
- Cash -€347,731
down €347,731 (-51.1%), from €680,612 to €332,881
mainly Current investments (-€399,683) and Receivables within one year (-€120,057)
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€630,482
down €630,482 (-60.7%), from €1.0m to €409,059
of which Financial income: -€630,482
- Financial charges -€285,195
down €285,195 (-57.6%), from €495,503 to €210,307
of which Non-recurring financial charges: -€393,041
- Taxes -€78,886
down €78,886 (-59.3%), from €133,068 to €54,182
- Gross operating margin +€9,604
up €9,604 (+26.8%), from €35,821 to €45,426
- Other operating charges +€8,525
up €8,525 (+33.2%), from €25,641 to €34,166
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 | €19,555,299 | €19,708,845 | +€153,546 | +0.8% |
| Fixed assets | 21/28 | €8,312,211 | €8,293,749 | -€18,463 | -0.2% |
| Tangible fixed assets | 22/27 | €1,933,874 | €1,880,880 | -€52,994 | -2.7% |
| Land and buildings | 22 | €1,931,738 | €1,878,401 | -€53,337 | -2.8% |
| Furniture and vehicles | 24 | €2,136 | €2,480 | +€343 | +16.1% |
| Financial fixed assets | 28 | €6,378,337 | €6,412,868 | +€34,531 | +0.5% |
| Current assets | 29/58 | €11,243,087 | €11,415,096 | +€172,009 | +1.5% |
| Amounts receivable after more than one year | 29 | €59,505 | €59,505 | = | 0.0% |
| Trade receivables | 290 | €59,505 | €59,505 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €388,582 | €508,639 | +€120,057 | +30.9% |
| Trade receivables | 40 | €103,919 | €100,468 | -€3,452 | -3.3% |
| Other amounts receivable | 41 | €284,663 | €408,172 | +€123,509 | +43.4% |
| Current investments | 50/53 | €10,114,388 | €10,514,071 | +€399,683 | +4.0% |
| Cash at bank and in hand | 54/58 | €680,612 | €332,881 | -€347,731 | -51.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €19,555,299 | €19,708,845 | +€153,546 | +0.8% |
| Equity | 10/15 | €17,569,308 | €17,670,352 | +€101,044 | +0.6% |
| Contributions | 10/11 | €12,718,600 | €12,718,600 | = | 0.0% |
| Reserves | 13 | €4,850,708 | €4,951,752 | +€101,044 | +2.1% |
| Distributable reserves | 133 | €4,850,708 | €4,951,752 | +€101,044 | +2.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,985,991 | €2,038,492 | +€52,502 | +2.6% |
| Amounts payable after more than one year | 17 | €1,933,000 | €1,947,000 | +€14,000 | +0.7% |
| Financial debts | 170/4 | €1,800,000 | €1,800,000 | = | 0.0% |
| Trade debts | 175 | €133,000 | €147,000 | +€14,000 | +10.5% |
| Amounts payable within one year | 42/48 | €52,991 | €91,492 | +€38,502 | +72.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €14,153 | €4,297 | -€9,856 | -69.6% |
| Suppliers | 440/4 | €14,153 | €4,297 | -€9,856 | -69.6% |
| Taxes, remuneration and social security | 45 | €38,838 | €87,195 | +€48,357 | +125% |
| Taxes | 450/3 | €38,838 | €87,195 | +€48,357 | +125% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,746 | €54,785 | +€38 | +0.1% |
| Other operating charges | 640/8 | €25,641 | €34,166 | +€8,525 | +33.2% |
| Gross operating margin | 9900 | €35,821 | €45,426 | +€9,604 | +26.8% |
| Operating profit (loss) | 9901 | -€44,566 | -€43,525 | +€1,041 | +2.3% |
| Financial income | 75/76B | €1,039,541 | €409,059 | -€630,482 | -60.7% |
| Recurring financial income | 75 | €1,039,541 | €409,059 | -€630,482 | -60.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €495,503 | €210,307 | -€285,195 | -57.6% |
| Recurring financial charges | 65 | €102,462 | €210,307 | +€107,846 | +105% |
| Non-recurring financial charges | 66B | €393,041 | €0 | -€393,041 | -100% |
| Profit (loss) for the period before taxes | 9903 | €499,472 | €155,227 | -€344,246 | -68.9% |
| Income taxes | 67/77 | €133,068 | €54,182 | -€78,886 | -59.3% |
| Profit (loss) for the period | 9904 | €366,404 | €101,044 | -€265,360 | -72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €366,404 | €101,044 | -€265,360 | -72.4% |
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 26 October 2026 via checked.be.