MAWADA: 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.
MAWADA
Largest movements
- Cash +€19,861
up €19,861 (+212.3%), from €9,354 to €29,216
mainly Net result for the year (+€15,490) and Other debts (+€11,772)
- Tangible fixed assets -€4,000
down €4,000 (-34.8%), from €11,497 to €7,498
- Receivables within one year +€1,632
up €1,632 (+50.5%), from €3,234 to €4,866
- Other debts +€11,772
new in 2025: €11,772
- Profit (loss) carried forward +€3,490
up €3,490 (+28.4%), from €12,281 to €15,771
- Trade debts +€1,998
up €1,998 (+544.9%), from €367 to €2,364
- Gross operating margin +€8,308
up €8,308 (+67.6%), from €12,295 to €20,603
- Depreciation +€3,497
up €3,497 (+695.7%), from €503 to €4,000
- Taxes -€3,099
down €3,099, from €2,342 to -€757
- Staff costs +€992
new in 2025: €992
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 | €24,276 | €41,580 | +€17,303 | +71.3% |
| Fixed assets | 21/28 | €11,497 | €7,498 | -€4,000 | -34.8% |
| Tangible fixed assets | 22/27 | €11,497 | €7,498 | -€4,000 | -34.8% |
| Furniture and vehicles | 24 | €11,497 | €7,498 | -€4,000 | -34.8% |
| Current assets | 29/58 | €12,779 | €34,082 | +€21,303 | +166.7% |
| Amounts receivable within one year | 40/41 | €3,234 | €4,866 | +€1,632 | +50.5% |
| Trade receivables | 40 | €3,234 | €4,866 | +€1,632 | +50.5% |
| Cash at bank and in hand | 54/58 | €9,354 | €29,216 | +€19,861 | +212.3% |
| Deferred charges and accrued income | 490/1 | €191 | - | -€191 | |
| Total equity and liabilities | 10/49 | €24,276 | €41,580 | +€17,303 | +71.3% |
| Equity | 10/15 | €18,281 | €21,771 | +€3,490 | +19.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,281 | €15,771 | +€3,490 | +28.4% |
| Amounts payable | 17/49 | €5,996 | €19,809 | +€13,813 | +230.4% |
| Amounts payable within one year | 42/48 | €5,996 | €19,809 | +€13,813 | +230.4% |
| Trade debts | 44 | €367 | €2,364 | +€1,998 | +544.9% |
| Suppliers | 440/4 | €367 | €2,364 | +€1,998 | +544.9% |
| Taxes, remuneration and social security | 45 | €5,629 | €5,673 | +€43 | +0.8% |
| Taxes | 450/3 | €2,717 | €2,760 | +€43 | +1.6% |
| Remuneration and social security | 454/9 | €2,913 | €2,913 | = | 0.0% |
| Other amounts payable | 47/48 | - | €11,772 | +€11,772 | |
| Non-recurring operating income | 76A | €389 | - | -€389 | |
| Remuneration, social security and pensions | 62 | - | €992 | +€992 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €503 | €4,000 | +€3,497 | +695.7% |
| Other operating charges | 640/8 | €696 | €715 | +€19 | +2.7% |
| Non-recurring operating charges | 66A | €125 | - | -€125 | |
| Gross operating margin | 9900 | €12,295 | €20,603 | +€8,308 | +67.6% |
| Operating profit (loss) | 9901 | €10,971 | €14,897 | +€3,926 | +35.8% |
| Financial charges | 65/66B | €163 | €163 | -€0 | -0.1% |
| Recurring financial charges | 65 | €163 | €163 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €10,807 | €14,733 | +€3,926 | +36.3% |
| Income taxes | 67/77 | €2,342 | -€757 | -€3,099 | |
| Profit (loss) for the period | 9904 | €8,465 | €15,490 | +€7,025 | +83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,465 | €15,490 | +€7,025 | +83.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.