M&W Technics: 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.
M&W Technics
Largest movements
- Tangible fixed assets -€11,183
down €11,183 (-8.5%), from €130,862 to €119,679
- Stocks and contracts -€7,500
no longer reported in 2025 (was €7,500)
- Receivables within one year -€2,236
down €2,236 (-88.3%), from €2,531 to €295
of which Trade receivables: -€1,995
- Deferred charges and accrued income -€1,708
no longer reported in 2025 (was €1,708)
- Other debts -€24,802
down €24,802 (-15.7%), from €158,292 to €133,490
- Profit (loss) carried forward +€4,736
up €4,736 (+39.4%), from -€12,012 to -€7,276
- Tax, wage and social debts -€2,200
down €2,200 (-74.8%), from €2,943 to €743
- Gross operating margin -€14,366
down €14,366 (-47.0%), from €30,557 to €16,191
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 | €168,632 | €147,214 | -€21,418 | -12.7% |
| Fixed assets | 21/28 | €130,862 | €119,679 | -€11,183 | -8.5% |
| Tangible fixed assets | 22/27 | €130,862 | €119,679 | -€11,183 | -8.5% |
| Land and buildings | 22 | €115,276 | €110,497 | -€4,780 | -4.1% |
| Plant, machinery and equipment | 23 | €10,377 | €5,913 | -€4,463 | -43.0% |
| Furniture and vehicles | 24 | €3,406 | €2,067 | -€1,339 | -39.3% |
| Other tangible fixed assets | 26 | €1,804 | €1,202 | -€601 | -33.3% |
| Current assets | 29/58 | €37,769 | €27,534 | -€10,235 | -27.1% |
| Stocks and contracts in progress | 3 | €7,500 | - | -€7,500 | |
| Stocks | 30/36 | €7,500 | - | -€7,500 | |
| Amounts receivable within one year | 40/41 | €2,531 | €295 | -€2,236 | -88.3% |
| Trade receivables | 40 | €2,290 | €295 | -€1,995 | -87.1% |
| Other amounts receivable | 41 | €241 | - | -€241 | |
| Cash at bank and in hand | 54/58 | €26,030 | €27,239 | +€1,210 | +4.6% |
| Deferred charges and accrued income | 490/1 | €1,708 | - | -€1,708 | |
| Total equity and liabilities | 10/49 | €168,632 | €147,214 | -€21,418 | -12.7% |
| Equity | 10/15 | €6,588 | €11,324 | +€4,736 | +71.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,012 | -€7,276 | +€4,736 | +39.4% |
| Amounts payable | 17/49 | €162,043 | €135,890 | -€26,154 | -16.1% |
| Amounts payable within one year | 42/48 | €162,043 | €135,890 | -€26,154 | -16.1% |
| Trade debts | 44 | €808 | €1,657 | +€849 | +105% |
| Suppliers | 440/4 | €808 | €1,657 | +€849 | +105% |
| Taxes, remuneration and social security | 45 | €2,943 | €743 | -€2,200 | -74.8% |
| Taxes | 450/3 | €2,943 | €743 | -€2,200 | -74.8% |
| Other amounts payable | 47/48 | €158,292 | €133,490 | -€24,802 | -15.7% |
| Non-recurring operating income | 76A | €18,727 | €3,282 | -€15,445 | -82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,022 | €9,965 | -€56 | -0.6% |
| Other operating charges | 640/8 | €1,471 | €1,363 | -€108 | -7.4% |
| Gross operating margin | 9900 | €30,557 | €16,191 | -€14,366 | -47.0% |
| Operating profit (loss) | 9901 | €19,064 | €4,863 | -€14,201 | -74.5% |
| Financial income | 75/76B | €38 | €0 | -€37 | -98.9% |
| Recurring financial income | 75 | €38 | €0 | -€37 | -98.9% |
| Financial charges | 65/66B | €121 | €127 | +€6 | +5.0% |
| Recurring financial charges | 65 | €121 | €127 | +€6 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €18,981 | €4,736 | -€14,245 | -75.0% |
| Income taxes | 67/77 | €0 | €0 | +€0 | +200% |
| Profit (loss) for the period | 9904 | €18,981 | €4,736 | -€14,245 | -75.0% |
| Transfer from tax-exempt reserves | 789 | €158 | - | -€158 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,139 | €4,736 | -€14,403 | -75.3% |
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.