MAWACO: what changed
Two fiscal 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.
MAWACO
Largest movements
- Tangible fixed assets +€179,272
up €179,272 (+5.7%), from €3.2m to €3.3m
of which Land and buildings: +€180,352
- Other debts +€239,163
up €239,163 (+9.0%), from €2.7m to €2.9m
- Profit (loss) carried forward -€79,158
down €79,158 (-3.0%), from -€2.6m to -€2.7m
- Gross operating margin -€8,522
down €8,522 (-53.5%), from -€15,923 to -€24,445
- Depreciation +€6,280
up €6,280 (+18.4%), from €34,196 to €40,475
- Other operating charges +€492
up €492 (+3.6%), from €13,670 to €14,162
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,169,264 | €3,348,201 | +€178,937 | +5.6% |
| Fixed assets | 21/28 | €3,157,469 | €3,336,741 | +€179,272 | +5.7% |
| Tangible fixed assets | 22/27 | €3,157,469 | €3,336,741 | +€179,272 | +5.7% |
| Land and buildings | 22 | €3,147,818 | €3,328,170 | +€180,352 | +5.7% |
| Plant, machinery and equipment | 23 | €9,652 | €8,572 | -€1,080 | -11.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €11,795 | €11,460 | -€335 | -2.8% |
| Amounts receivable within one year | 40/41 | €8,311 | €9,436 | +€1,125 | +13.5% |
| Trade receivables | 40 | €6,840 | €7,108 | +€268 | +3.9% |
| Other amounts receivable | 41 | €1,470 | €2,328 | +€857 | +58.3% |
| Cash at bank and in hand | 54/58 | €3,485 | €2,024 | -€1,461 | -41.9% |
| Total equity and liabilities | 10/49 | €3,169,264 | €3,348,201 | +€178,937 | +5.6% |
| Equity | 10/15 | €495,963 | €416,805 | -€79,158 | -16.0% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Capital | 10 | €371,840 | €371,840 | = | 0.0% |
| Issued capital | 100 | €371,840 | €371,840 | = | 0.0% |
| Revaluation surpluses | 12 | €2,600,468 | €2,600,468 | = | 0.0% |
| Reserves | 13 | €141,578 | €141,578 | = | 0.0% |
| Distributable reserves | 133 | €141,578 | €141,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,617,923 | -€2,697,082 | -€79,158 | -3.0% |
| Amounts payable | 17/49 | €2,673,301 | €2,931,396 | +€258,095 | +9.7% |
| Amounts payable within one year | 42/48 | €2,673,301 | €2,931,396 | +€258,095 | +9.7% |
| Trade debts | 44 | €6,842 | €25,774 | +€18,932 | +276.7% |
| Suppliers | 440/4 | €6,842 | €25,774 | +€18,932 | +276.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,666,459 | €2,905,622 | +€239,163 | +9.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,196 | €40,475 | +€6,280 | +18.4% |
| Other operating charges | 640/8 | €13,670 | €14,162 | +€492 | +3.6% |
| Gross operating margin | 9900 | -€15,923 | -€24,445 | -€8,522 | -53.5% |
| Operating profit (loss) | 9901 | -€63,788 | -€79,082 | -€15,294 | -24.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -71.7% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -71.7% |
| Financial charges | 65/66B | €20 | €77 | +€57 | +292.9% |
| Recurring financial charges | 65 | €20 | €77 | +€57 | +292.9% |
| Profit (loss) for the period before taxes | 9903 | -€63,806 | -€79,158 | -€15,352 | -24.1% |
| Profit (loss) for the period | 9904 | -€63,806 | -€79,158 | -€15,352 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,806 | -€79,158 | -€15,352 | -24.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.