MCA Ventures & Advisory: 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 Ventures & Advisory
Largest movements
- Cash +€310,976
up €310,976 (+961.4%), from €32,345 to €343,321
mainly Current investments (+€279,451) and Net result for the year (+€90,427)
- Current investments -€279,451
down €279,451 (-64.8%), from €431,204 to €151,753
- Receivables within one year +€13,277
up €13,277 (+132.0%), from €10,056 to €23,332
of which Other amounts receivable: +€8,862
- Other debts +€28,455
up €28,455 (+55.2%), from €51,567 to €80,023
- Reserves +€8,077
up €8,077 (+2.1%), from €377,530 to €385,607
of which Distributable reserves: +€8,077
- Gross operating margin -€46,272
down €46,272 (-28.5%), from €162,273 to €116,001
- Taxes -€13,076
down €13,076 (-34.1%), from €38,297 to €25,222
- Financial charges -€8,299
down €8,299 (-75.6%), from €10,976 to €2,677
- Financial income +€2,590
up €2,590 (+144.3%), from €1,795 to €4,386
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.
Cash bridge derived
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 | €473,855 | €518,656 | +€44,802 | +9.5% |
| Fixed assets | 21/28 | €250 | €250 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €473,605 | €518,406 | +€44,802 | +9.5% |
| Amounts receivable within one year | 40/41 | €10,056 | €23,332 | +€13,277 | +132.0% |
| Trade receivables | 40 | €8,690 | €13,104 | +€4,415 | +50.8% |
| Other amounts receivable | 41 | €1,366 | €10,228 | +€8,862 | +648.9% |
| Current investments | 50/53 | €431,204 | €151,753 | -€279,451 | -64.8% |
| Cash at bank and in hand | 54/58 | €32,345 | €343,321 | +€310,976 | +961.4% |
| Total equity and liabilities | 10/49 | €473,855 | €518,656 | +€44,802 | +9.5% |
| Equity | 10/15 | €396,130 | €404,207 | +€8,077 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €377,530 | €385,607 | +€8,077 | +2.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €375,670 | €383,747 | +€8,077 | +2.2% |
| Amounts payable | 17/49 | €77,725 | €114,449 | +€36,725 | +47.2% |
| Amounts payable within one year | 42/48 | €77,365 | €113,689 | +€36,325 | +47.0% |
| Trade debts | 44 | - | €3,017 | +€3,017 | |
| Suppliers | 440/4 | - | €3,017 | +€3,017 | |
| Taxes, remuneration and social security | 45 | €25,797 | €30,650 | +€4,853 | +18.8% |
| Taxes | 450/3 | €25,797 | €30,650 | +€4,853 | +18.8% |
| Other amounts payable | 47/48 | €51,567 | €80,023 | +€28,455 | +55.2% |
| Accrued charges and deferred income | 492/3 | €360 | €760 | +€400 | +111.1% |
| Remuneration, social security and pensions | 62 | €1,390 | €1,263 | -€127 | -9.1% |
| Other operating charges | 640/8 | €1,136 | €798 | -€338 | -29.8% |
| Gross operating margin | 9900 | €162,273 | €116,001 | -€46,272 | -28.5% |
| Operating profit (loss) | 9901 | €159,747 | €113,940 | -€45,807 | -28.7% |
| Financial income | 75/76B | €1,795 | €4,386 | +€2,590 | +144.3% |
| Recurring financial income | 75 | €1,795 | €4,386 | +€2,590 | +144.3% |
| Financial charges | 65/66B | €10,976 | €2,677 | -€8,299 | -75.6% |
| Recurring financial charges | 65 | €10,976 | €2,677 | -€8,299 | -75.6% |
| Profit (loss) for the period before taxes | 9903 | €150,566 | €115,649 | -€34,918 | -23.2% |
| Income taxes | 67/77 | €38,297 | €25,222 | -€13,076 | -34.1% |
| Profit (loss) for the period | 9904 | €112,269 | €90,427 | -€21,842 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €112,269 | €90,427 | -€21,842 | -19.5% |
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 11 October 2026 via checked.be.