MCA MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€167,221
down €167,221 (-81.0%), from €206,524 to €39,303
mainly Investment in fixed assets (net) (-€183,054) and Receivables within one year (-€28,176)
- Tangible fixed assets +€123,677
up €123,677 (+35.7%), from €345,998 to €469,675
of which Land and buildings: +€120,443
- Receivables within one year +€28,176
up €28,176 (+194%), from €14,515 to €42,691
of which Other amounts receivable: +€27,813
- Current investments -€9,985
down €9,985 (-72.9%), from €13,706 to €3,721
- Debts after one year -€15,999
down €15,999 (-5.5%), from €289,684 to €273,685
- Profit (loss) carried forward -€15,276
down €15,276 (-70.2%), from €21,750 to €6,473
- Other debts -€6,096
down €6,096 (-3.9%), from €155,112 to €149,016
- Depreciation +€34,243
up €34,243 (+136%), from €25,135 to €59,377
- Gross operating margin +€22,121
up €22,121 (+40.2%), from €55,043 to €77,164
- Financial charges +€8,428
up €8,428 (+82.7%), from €10,192 to €18,621
- Taxes -€1,306
down €1,306 (-87.1%), from €1,499 to €193
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 | €580,743 | €555,390 | -€25,353 | -4.4% |
| Fixed assets | 21/28 | €345,998 | €469,675 | +€123,677 | +35.7% |
| Tangible fixed assets | 22/27 | €345,998 | €469,675 | +€123,677 | +35.7% |
| Land and buildings | 22 | €345,593 | €466,036 | +€120,443 | +34.9% |
| Furniture and vehicles | 24 | €405 | €3,639 | +€3,234 | +799% |
| Current assets | 29/58 | €234,746 | €85,716 | -€149,030 | -63.5% |
| Amounts receivable within one year | 40/41 | €14,515 | €42,691 | +€28,176 | +194% |
| Trade receivables | 40 | €14,447 | €14,810 | +€363 | +2.5% |
| Other amounts receivable | 41 | €67 | €27,881 | +€27,813 | +41,266% |
| Current investments | 50/53 | €13,706 | €3,721 | -€9,985 | -72.9% |
| Cash at bank and in hand | 54/58 | €206,524 | €39,303 | -€167,221 | -81.0% |
| Total equity and liabilities | 10/49 | €580,743 | €555,390 | -€25,353 | -4.4% |
| Equity | 10/15 | €104,250 | €88,973 | -€15,276 | -14.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,750 | €6,473 | -€15,276 | -70.2% |
| Amounts payable | 17/49 | €476,494 | €466,417 | -€10,077 | -2.1% |
| Amounts payable after more than one year | 17 | €289,684 | €273,685 | -€15,999 | -5.5% |
| Financial debts | 170/4 | €289,684 | €273,685 | -€15,999 | -5.5% |
| Amounts payable within one year | 42/48 | €186,810 | €189,906 | +€3,096 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €10,316 | €15,999 | +€5,683 | +55.1% |
| Trade debts | 44 | €9,759 | €13,296 | +€3,537 | +36.2% |
| Suppliers | 440/4 | €9,759 | €13,296 | +€3,537 | +36.2% |
| Taxes, remuneration and social security | 45 | €11,623 | €11,595 | -€28 | -0.2% |
| Taxes | 450/3 | €9,708 | €9,656 | -€51 | -0.5% |
| Remuneration and social security | 454/9 | €1,915 | €1,939 | +€24 | +1.2% |
| Other amounts payable | 47/48 | €155,112 | €149,016 | -€6,096 | -3.9% |
| Accrued charges and deferred income | 492/3 | - | €2,826 | +€2,826 | |
| Remuneration, social security and pensions | 62 | €9,250 | €9,619 | +€370 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,135 | €59,377 | +€34,243 | +136% |
| Other operating charges | 640/8 | €4,777 | €4,651 | -€126 | -2.6% |
| Gross operating margin | 9900 | €55,043 | €77,164 | +€22,121 | +40.2% |
| Operating profit (loss) | 9901 | €15,882 | €3,516 | -€12,365 | -77.9% |
| Financial income | 75/76B | €2 | €21 | +€19 | +835% |
| Recurring financial income | 75 | €2 | €21 | +€19 | +835% |
| Financial charges | 65/66B | €10,192 | €18,621 | +€8,428 | +82.7% |
| Recurring financial charges | 65 | €10,192 | €18,621 | +€8,428 | +82.7% |
| Profit (loss) for the period before taxes | 9903 | €5,692 | -€15,083 | -€20,775 | |
| Income taxes | 67/77 | €1,499 | €193 | -€1,306 | -87.1% |
| Profit (loss) for the period | 9904 | €4,193 | -€15,276 | -€19,469 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,193 | -€15,276 | -€19,469 |
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.