MCA PROPERTIES: 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.
What changed
MCA PROPERTIES
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€397,646
2024 · €200,664+€196,981
Equity
€1.3m
2024 · €1.2m+€50,126
Cash
€367,254
2024 · €12,917+€354,337
Balance sheet total
€4.8m
2024 · €7.8m-€3.1m
Largest movements
Assets
- Stocks and contracts -€2.8m
down €2.8m (-59.8%), from €4.7m to €1.9m
- Tangible fixed assets -€680,119
down €680,119 (-56.8%), from €1.2m to €516,574
of which Other tangible fixed assets: -€680,661
- Cash +€354,337
up €354,337 (+2,743%), from €12,917 to €367,254
mainly Stocks and contracts (+€2.8m) and Investment in fixed assets (net) (+€651,058)
Equity and liabilities
- Short-term financial debts -€3.8m
down €3.8m (-83.2%), from €4.5m to €758,992
- Other debts +€589,189
up €589,189 (+54.3%), from €1.1m to €1.7m
Income statement
- Financial income +€517,419
up €517,419 (+859,215%), from €60 to €517,479
of which Non-recurring financial income: +€516,030
- Gross operating margin -€421,333
down €421,333 (-55.3%), from €761,856 to €340,522
- Taxes +€119,447
up €119,447 (+145%), from €82,635 to €202,082
- Depreciation -€107,134
down €107,134 (-78.7%), from €136,195 to €29,061
- Financial charges -€85,167
down €85,167 (-31.2%), from €272,947 to €187,780
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.
Result 2024
€200,664
Gross operating margin
-€421,333
Staff costs
+€17,301
Depreciation
+€107,134
Other operating charges
-€14,415
Financial income
+€517,419
Financial charges
+€85,167
Taxes
-€119,447
Deferred taxes and other
+€25,156
Result 2025
€397,646
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.9m
Investment
+€651,058
Financing
-€4.2m
Cash 2024
€12,917
From operations (derived)
+€3.9m
Net result for the year
+€397,646
Depreciation
+€29,061
Stocks and contracts
+€2.8m
Receivables within one year
-€66,149
Deferred charges and accrued income
+€16,896
Provisions
-€12,064
Trade debts
+€32,471
Tax, wage and social debts
+€38,147
Advances received
+€872
Other debts
+€589,189
Accrued charges and deferred income
+€66,893
Investment (derived)
+€651,058
Investment in fixed assets (net)
+€651,058
Financing
-€4.2m
Debts after one year
-€60,330
Current portion of long-term debt
+€1,508
Short-term financial debts
-€3.8m
Contributions, distributions and other
-€347,520
Cash 2025
€367,254
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,843,991 | €4,784,059 | -€3.1m | -39.0% |
| Fixed assets | 21/28 | €1,196,693 | €516,574 | -€680,119 | -56.8% |
| Tangible fixed assets | 22/27 | €1,196,693 | €516,574 | -€680,119 | -56.8% |
| Land and buildings | 22 | €576 | €576 | = | 0.0% |
| Furniture and vehicles | 24 | €1,601 | €2,143 | +€542 | +33.9% |
| Other tangible fixed assets | 26 | €1,194,516 | €513,855 | -€680,661 | -57.0% |
| Current assets | 29/58 | €6,647,298 | €4,267,485 | -€2.4m | -35.8% |
| Stocks and contracts in progress | 3 | €4,651,255 | €1,867,852 | -€2.8m | -59.8% |
| Stocks | 30/36 | €4,651,255 | €1,867,852 | -€2.8m | -59.8% |
| Amounts receivable within one year | 40/41 | €1,951,738 | €2,017,887 | +€66,149 | +3.4% |
| Trade receivables | 40 | €17,208 | €20,628 | +€3,420 | +19.9% |
| Other amounts receivable | 41 | €1,934,531 | €1,997,260 | +€62,729 | +3.2% |
| Cash at bank and in hand | 54/58 | €12,917 | €367,254 | +€354,337 | +2,743% |
| Deferred charges and accrued income | 490/1 | €31,388 | €14,491 | -€16,896 | -53.8% |
| Total equity and liabilities | 10/49 | €7,843,991 | €4,784,059 | -€3.1m | -39.0% |
| Equity | 10/15 | €1,207,315 | €1,257,441 | +€50,126 | +4.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,120,859 | €1,170,948 | +€50,089 | +4.5% |
| Tax-exempt reserves | 132 | €152,269 | €116,078 | -€36,191 | -23.8% |
| Distributable reserves | 133 | €968,590 | €1,054,870 | +€86,280 | +8.9% |
| Profit (loss) carried forward | 14 | €74,057 | €74,093 | +€36 | 0.0% |
| Provisions and deferred taxes | 16 | €50,756 | €38,693 | -€12,064 | -23.8% |
| Deferred taxes | 168 | €50,756 | €38,693 | -€12,064 | -23.8% |
| Amounts payable | 17/49 | €6,585,919 | €3,487,925 | -€3.1m | -47.0% |
| Amounts payable after more than one year | 17 | €627,192 | €566,862 | -€60,330 | -9.6% |
| Financial debts | 170/4 | €627,192 | €566,862 | -€60,330 | -9.6% |
| Amounts payable within one year | 42/48 | €5,722,145 | €2,617,589 | -€3.1m | -54.3% |
| Current portion of amounts payable after more than one year | 42 | €59,119 | €60,627 | +€1,508 | +2.6% |
| Financial debts | 43 | €4,525,736 | €758,992 | -€3.8m | -83.2% |
| Credit institutions | 430/8 | €4,525,736 | €758,992 | -€3.8m | -83.2% |
| Trade debts | 44 | €10,001 | €42,472 | +€32,471 | +325% |
| Suppliers | 440/4 | €10,001 | €42,472 | +€32,471 | +325% |
| Advances received on contracts in progress | 46 | - | €872 | +€872 | |
| Taxes, remuneration and social security | 45 | €42,948 | €81,095 | +€38,147 | +88.8% |
| Taxes | 450/3 | €37,208 | €81,095 | +€43,886 | +118% |
| Remuneration and social security | 454/9 | €5,739 | - | -€5,739 | |
| Other amounts payable | 47/48 | €1,084,342 | €1,673,532 | +€589,189 | +54.3% |
| Accrued charges and deferred income | 492/3 | €236,582 | €303,475 | +€66,893 | +28.3% |
| Non-recurring operating income | 76A | €261,790 | - | -€261,790 | |
| Remuneration, social security and pensions | 62 | €27,603 | €10,302 | -€17,301 | -62.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,195 | €29,061 | -€107,134 | -78.7% |
| Other operating charges | 640/8 | €28,780 | €43,195 | +€14,415 | +50.1% |
| Gross operating margin | 9900 | €761,856 | €340,522 | -€421,333 | -55.3% |
| Operating profit (loss) | 9901 | €569,278 | €257,965 | -€311,314 | -54.7% |
| Financial income | 75/76B | €60 | €517,479 | +€517,419 | +859,215% |
| Recurring financial income | 75 | €60 | €1,449 | +€1,389 | +2,306% |
| Non-recurring financial income | 76B | - | €516,030 | +€516,030 | |
| Financial charges | 65/66B | €272,947 | €187,780 | -€85,167 | -31.2% |
| Recurring financial charges | 65 | €272,947 | €187,780 | -€85,167 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €296,391 | €587,664 | +€291,272 | +98.3% |
| Transfer from deferred taxes | 780 | €46,491 | €12,064 | -€34,428 | -74.1% |
| Transfer to deferred taxes | 680 | €59,583 | - | -€59,583 | |
| Income taxes | 67/77 | €82,635 | €202,082 | +€119,447 | +145% |
| Profit (loss) for the period | 9904 | €200,664 | €397,646 | +€196,981 | +98.2% |
| Transfer from tax-exempt reserves | 789 | €139,473 | €36,191 | -€103,283 | -74.1% |
| Transfer to tax-exempt reserves | 689 | €178,749 | - | -€178,749 | |
| Profit (loss) for the period to be appropriated | 9905 | €161,388 | €433,836 | +€272,448 | +169% |
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 19 October 2026 via checked.be.