MCA Security: 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 Security
Largest movements
- Tangible fixed assets +€619,754
up €619,754 (+619%), from €100,141 to €719,895
of which Assets under construction and advance payments: +€601,111
- Cash -€97,198
down €97,198 (-44.5%), from €218,182 to €120,984
mainly Investment in fixed assets (net) (-€635,770) and Receivables within one year (-€58,771)
- Receivables within one year +€58,771
up €58,771 (+31.8%), from €184,921 to €243,691
of which Trade receivables: +€31,946
- Stocks and contracts +€31,781
up €31,781 (+3,852%), from €825 to €32,606
- Debts after one year +€593,601
new in 2025: €593,601
- Tax, wage and social debts +€32,119
up €32,119 (+96.5%), from €33,287 to €65,406
of which Remuneration and social security: +€28,307
- Current portion of long-term debt +€24,780
up €24,780 (+153%), from €16,176 to €40,957
- Profit (loss) carried forward -€21,906
down €21,906 (-7.3%), from €298,251 to €276,344
- Gross operating margin +€107,537
up €107,537 (+51.8%), from €207,632 to €315,169
- Taxes +€51,346
new in 2025: €51,346
- Staff costs +€37,381
up €37,381 (+20.7%), from €180,922 to €218,303
- Financial charges +€12,870
up €12,870 (+244%), from €5,265 to €18,135
- Other operating charges +€6,586
up €6,586 (+365%), from €1,807 to €8,393
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 | €514,469 | €1,132,961 | +€618,493 | +120% |
| Fixed assets | 21/28 | €100,141 | €719,895 | +€619,754 | +619% |
| Tangible fixed assets | 22/27 | €100,141 | €719,895 | +€619,754 | +619% |
| Land and buildings | 22 | €61,176 | €61,176 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,471 | €1,872 | -€2,599 | -58.1% |
| Furniture and vehicles | 24 | €31,631 | €53,558 | +€21,928 | +69.3% |
| Other tangible fixed assets | 26 | €2,863 | €2,178 | -€685 | -23.9% |
| Assets under construction and advance payments | 27 | - | €601,111 | +€601,111 | |
| Current assets | 29/58 | €414,328 | €413,066 | -€1,261 | -0.3% |
| Stocks and contracts in progress | 3 | €825 | €32,606 | +€31,781 | +3,852% |
| Stocks | 30/36 | €825 | €32,606 | +€31,781 | +3,852% |
| Amounts receivable within one year | 40/41 | €184,921 | €243,691 | +€58,771 | +31.8% |
| Trade receivables | 40 | €81,070 | €113,016 | +€31,946 | +39.4% |
| Other amounts receivable | 41 | €103,851 | €130,675 | +€26,824 | +25.8% |
| Cash at bank and in hand | 54/58 | €218,182 | €120,984 | -€97,198 | -44.5% |
| Deferred charges and accrued income | 490/1 | €10,400 | €15,785 | +€5,385 | +51.8% |
| Total equity and liabilities | 10/49 | €514,469 | €1,132,961 | +€618,493 | +120% |
| Equity | 10/15 | €318,711 | €296,804 | -€21,906 | -6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €298,251 | €276,344 | -€21,906 | -7.3% |
| Amounts payable | 17/49 | €195,758 | €836,157 | +€640,399 | +327% |
| Amounts payable after more than one year | 17 | - | €593,601 | +€593,601 | |
| Financial debts | 170/4 | - | €593,601 | +€593,601 | |
| Amounts payable within one year | 42/48 | €195,758 | €242,556 | +€46,798 | +23.9% |
| Current portion of amounts payable after more than one year | 42 | €16,176 | €40,957 | +€24,780 | +153% |
| Trade debts | 44 | €129,382 | €119,404 | -€9,978 | -7.7% |
| Suppliers | 440/4 | €129,382 | €119,404 | -€9,978 | -7.7% |
| Taxes, remuneration and social security | 45 | €33,287 | €65,406 | +€32,119 | +96.5% |
| Taxes | 450/3 | €11,841 | €15,652 | +€3,811 | +32.2% |
| Remuneration and social security | 454/9 | €21,446 | €49,753 | +€28,307 | +132% |
| Other amounts payable | 47/48 | €16,913 | €16,790 | -€123 | -0.7% |
| Remuneration, social security and pensions | 62 | €180,922 | €218,303 | +€37,381 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,820 | €16,016 | -€1,805 | -10.1% |
| Other operating charges | 640/8 | €1,807 | €8,393 | +€6,586 | +365% |
| Gross operating margin | 9900 | €207,632 | €315,169 | +€107,537 | +51.8% |
| Operating profit (loss) | 9901 | €7,082 | €72,457 | +€65,375 | +923% |
| Financial income | 75/76B | €2,317 | €832 | -€1,484 | -64.1% |
| Recurring financial income | 75 | €2,317 | €832 | -€1,484 | -64.1% |
| Financial charges | 65/66B | €5,265 | €18,135 | +€12,870 | +244% |
| Recurring financial charges | 65 | €5,265 | €18,135 | +€12,870 | +244% |
| Profit (loss) for the period before taxes | 9903 | €4,134 | €55,154 | +€51,021 | +1,234% |
| Income taxes | 67/77 | - | €51,346 | +€51,346 | |
| Profit (loss) for the period | 9904 | €4,134 | €3,808 | -€325 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,134 | €3,808 | -€325 | -7.9% |
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 27 October 2026 via checked.be.