MAW Consult: 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.
MAW Consult
Largest movements
- Cash +€21,574
up €21,574 (+80.1%), from €26,936 to €48,510
mainly Net result for the year (+€23,385) and Trade debts (+€2,814)
- Deferred charges and accrued income +€1,594
up €1,594 (+638%), from €250 to €1,844
- Reserves +€23,385
up €23,385 (+114%), from €20,594 to €43,978
- Tax, wage and social debts -€3,098
down €3,098 (-17.1%), from €18,120 to €15,022
- Trade debts +€2,814
up €2,814 (+393%), from €716 to €3,531
- Gross operating margin +€1,965
up €1,965 (+5.9%), from €33,288 to €35,253
- Financial charges -€1,557
down €1,557 (-47.3%), from €3,291 to €1,734
- Taxes +€617
up €617 (+7.0%), from €8,795 to €9,412
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 | €42,430 | €65,781 | +€23,351 | +55.0% |
| Fixed assets | 21/28 | €2,399 | €2,070 | -€329 | -13.7% |
| Tangible fixed assets | 22/27 | €2,399 | €2,070 | -€329 | -13.7% |
| Furniture and vehicles | 24 | €508 | €380 | -€128 | -25.2% |
| Other tangible fixed assets | 26 | €1,892 | €1,690 | -€202 | -10.7% |
| Current assets | 29/58 | €40,031 | €63,710 | +€23,680 | +59.2% |
| Amounts receivable within one year | 40/41 | €12,845 | €13,356 | +€511 | +4.0% |
| Trade receivables | 40 | €12,803 | €12,528 | -€275 | -2.1% |
| Other amounts receivable | 41 | €42 | €828 | +€786 | +1,870% |
| Cash at bank and in hand | 54/58 | €26,936 | €48,510 | +€21,574 | +80.1% |
| Deferred charges and accrued income | 490/1 | €250 | €1,844 | +€1,594 | +638% |
| Total equity and liabilities | 10/49 | €42,430 | €65,781 | +€23,351 | +55.0% |
| Equity | 10/15 | €23,594 | €46,978 | +€23,385 | +99.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,594 | €43,978 | +€23,385 | +114% |
| Distributable reserves | 133 | €20,594 | €43,978 | +€23,385 | +114% |
| Amounts payable | 17/49 | €18,836 | €18,802 | -€34 | -0.2% |
| Amounts payable within one year | 42/48 | €18,836 | €18,552 | -€284 | -1.5% |
| Trade debts | 44 | €716 | €3,531 | +€2,814 | +393% |
| Suppliers | 440/4 | €716 | €3,531 | +€2,814 | +393% |
| Taxes, remuneration and social security | 45 | €18,120 | €15,022 | -€3,098 | -17.1% |
| Taxes | 450/3 | €18,120 | €15,022 | -€3,098 | -17.1% |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254 | €329 | +€75 | +29.5% |
| Other operating charges | 640/8 | €249 | €399 | +€149 | +60.0% |
| Non-recurring operating charges | 66A | €105 | €0 | -€105 | -100% |
| Gross operating margin | 9900 | €33,288 | €35,253 | +€1,965 | +5.9% |
| Operating profit (loss) | 9901 | €32,680 | €34,525 | +€1,846 | +5.6% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €3,291 | €1,734 | -€1,557 | -47.3% |
| Recurring financial charges | 65 | €3,291 | €1,734 | -€1,557 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €29,389 | €32,797 | +€3,408 | +11.6% |
| Income taxes | 67/77 | €8,795 | €9,412 | +€617 | +7.0% |
| Profit (loss) for the period | 9904 | €20,594 | €23,385 | +€2,791 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,594 | €23,385 | +€2,791 | +13.6% |
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 26 October 2026 via checked.be.