MGS SECURITE: 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.
MGS SECURITE
Largest movements
- Receivables within one year +€4,543
up €4,543 (+8.5%), from €53,431 to €57,974
of which Trade receivables: +€5,273
- Cash -€3,871
down €3,871 (-7.5%), from €51,753 to €47,882
mainly Tax, wage and social debts (-€6,278) and Receivables within one year (-€4,543)
- Tax, wage and social debts -€6,278
down €6,278 (-61.4%), from €10,220 to €3,942
of which Taxes: -€6,360
- Reserves +€4,621
up €4,621 (+11.4%), from €40,459 to €45,080
of which Distributable reserves: +€4,621
- Other debts +€2,213
up €2,213 (+770%), from €288 to €2,500
- Gross operating margin -€11,988
down €11,988 (-57.9%), from €20,719 to €8,730
- Taxes -€3,050
down €3,050 (-59.1%), from €5,160 to €2,110
- Staff costs -€978
down €978 (-53.4%), from €1,831 to €853
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 | €111,479 | €111,381 | -€98 | -0.1% |
| Fixed assets | 21/28 | €1,411 | €786 | -€624 | -44.3% |
| Tangible fixed assets | 22/27 | €1,193 | €569 | -€624 | -52.3% |
| Plant, machinery and equipment | 23 | €606 | €290 | -€316 | -52.1% |
| Furniture and vehicles | 24 | €587 | €279 | -€308 | -52.5% |
| Financial fixed assets | 28 | €217 | €217 | = | 0.0% |
| Current assets | 29/58 | €110,068 | €110,595 | +€527 | +0.5% |
| Stocks and contracts in progress | 3 | €4,883 | €4,738 | -€145 | -3.0% |
| Stocks | 30/36 | €4,883 | €4,738 | -€145 | -3.0% |
| Amounts receivable within one year | 40/41 | €53,431 | €57,974 | +€4,543 | +8.5% |
| Trade receivables | 40 | €47,186 | €52,459 | +€5,273 | +11.2% |
| Other amounts receivable | 41 | €6,246 | €5,515 | -€730 | -11.7% |
| Cash at bank and in hand | 54/58 | €51,753 | €47,882 | -€3,871 | -7.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €111,479 | €111,381 | -€98 | -0.1% |
| Equity | 10/15 | €86,784 | €91,405 | +€4,621 | +5.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €40,459 | €45,080 | +€4,621 | +11.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €40,459 | €45,080 | +€4,621 | +11.4% |
| Profit (loss) carried forward | 14 | €31,325 | €31,325 | = | 0.0% |
| Amounts payable | 17/49 | €24,695 | €19,976 | -€4,718 | -19.1% |
| Amounts payable within one year | 42/48 | €24,695 | €19,886 | -€4,808 | -19.5% |
| Trade debts | 44 | €14,187 | €13,444 | -€743 | -5.2% |
| Suppliers | 440/4 | €14,187 | €13,444 | -€743 | -5.2% |
| Taxes, remuneration and social security | 45 | €10,220 | €3,942 | -€6,278 | -61.4% |
| Taxes | 450/3 | €10,120 | €3,760 | -€6,360 | -62.8% |
| Remuneration and social security | 454/9 | €100 | €182 | +€82 | +81.5% |
| Other amounts payable | 47/48 | €288 | €2,500 | +€2,213 | +770% |
| Accrued charges and deferred income | 492/3 | - | €90 | +€90 | |
| Remuneration, social security and pensions | 62 | €1,831 | €853 | -€978 | -53.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €624 | €624 | = | 0.0% |
| Other operating charges | 640/8 | €400 | €257 | -€143 | -35.7% |
| Gross operating margin | 9900 | €20,719 | €8,730 | -€11,988 | -57.9% |
| Operating profit (loss) | 9901 | €17,864 | €6,996 | -€10,867 | -60.8% |
| Financial income | 75/76B | €48 | €1 | -€47 | -98.7% |
| Recurring financial income | 75 | €48 | €1 | -€47 | -98.7% |
| Financial charges | 65/66B | €213 | €266 | +€53 | +24.8% |
| Recurring financial charges | 65 | €213 | €266 | +€53 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €17,698 | €6,731 | -€10,967 | -62.0% |
| Income taxes | 67/77 | €5,160 | €2,110 | -€3,050 | -59.1% |
| Profit (loss) for the period | 9904 | €12,538 | €4,621 | -€7,917 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,538 | €4,621 | -€7,917 | -63.1% |
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 24 October 2026 via checked.be.