Mawaw: 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.
Mawaw
Largest movements
- Cash -€47,779
down €47,779 (-53.1%), from €89,975 to €42,196
mainly Contributions, distributions and other (-€47,650) and Tax, wage and social debts (-€12,484)
- Tangible fixed assets -€24,637
down €24,637 (-29.0%), from €84,954 to €60,317
of which Furniture and vehicles: -€24,172
- Receivables within one year +€9,764
up €9,764 (+57.8%), from €16,906 to €26,670
of which Other amounts receivable: +€9,730
- Profit (loss) carried forward -€56,391
down €56,391, from €47,662 to -€8,729
- Other debts +€15,331
up €15,331 (+1607.0%), from €954 to €16,285
- Tax, wage and social debts -€12,484
down €12,484 (-52.4%), from €23,811 to €11,327
of which Taxes: -€12,498
- Accrued charges and deferred income -€9,865
down €9,865 (-47.7%), from €20,698 to €10,833
- Gross operating margin -€72,891
down €72,891 (-80.3%), from €90,820 to €17,930
- Taxes -€13,357
down €13,357 (-98.2%), from €13,608 to €251
- Financial charges -€2,789
down €2,789 (-95.7%), from €2,914 to €125
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 | €191,835 | €129,183 | -€62,652 | -32.7% |
| Fixed assets | 21/28 | €84,954 | €60,317 | -€24,637 | -29.0% |
| Tangible fixed assets | 22/27 | €84,954 | €60,317 | -€24,637 | -29.0% |
| Plant, machinery and equipment | 23 | €1,859 | €1,394 | -€465 | -25.0% |
| Furniture and vehicles | 24 | €83,095 | €58,923 | -€24,172 | -29.1% |
| Current assets | 29/58 | €106,881 | €68,866 | -€38,015 | -35.6% |
| Amounts receivable within one year | 40/41 | €16,906 | €26,670 | +€9,764 | +57.8% |
| Trade receivables | 40 | €16,906 | €16,940 | +€34 | +0.2% |
| Other amounts receivable | 41 | - | €9,730 | +€9,730 | |
| Cash at bank and in hand | 54/58 | €89,975 | €42,196 | -€47,779 | -53.1% |
| Total equity and liabilities | 10/49 | €191,835 | €129,183 | -€62,652 | -32.7% |
| Equity | 10/15 | €145,862 | €89,471 | -€56,391 | -38.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €98,100 | €98,100 | = | 0.0% |
| Distributable reserves | 133 | €98,100 | €98,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,662 | -€8,729 | -€56,391 | |
| Amounts payable | 17/49 | €45,972 | €39,712 | -€6,261 | -13.6% |
| Amounts payable within one year | 42/48 | €25,274 | €28,879 | +€3,604 | +14.3% |
| Trade debts | 44 | €510 | €1,268 | +€758 | +148.6% |
| Suppliers | 440/4 | €510 | €1,268 | +€758 | +148.6% |
| Taxes, remuneration and social security | 45 | €23,811 | €11,327 | -€12,484 | -52.4% |
| Taxes | 450/3 | €21,104 | €8,607 | -€12,498 | -59.2% |
| Remuneration and social security | 454/9 | €2,706 | €2,720 | +€14 | +0.5% |
| Other amounts payable | 47/48 | €954 | €16,285 | +€15,331 | +1607.0% |
| Accrued charges and deferred income | 492/3 | €20,698 | €10,833 | -€9,865 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,976 | €25,674 | +€698 | +2.8% |
| Other operating charges | 640/8 | €377 | €813 | +€436 | +115.7% |
| Gross operating margin | 9900 | €90,820 | €17,930 | -€72,891 | -80.3% |
| Operating profit (loss) | 9901 | €65,467 | -€8,557 | -€74,024 | |
| Financial income | 75/76B | €0 | €193 | +€193 | +1930400.0% |
| Recurring financial income | 75 | €0 | €193 | +€193 | +1930400.0% |
| Financial charges | 65/66B | €2,914 | €125 | -€2,789 | -95.7% |
| Recurring financial charges | 65 | €2,914 | €125 | -€2,789 | -95.7% |
| Profit (loss) for the period before taxes | 9903 | €62,553 | -€8,489 | -€71,042 | |
| Income taxes | 67/77 | €13,608 | €251 | -€13,357 | -98.2% |
| Profit (loss) for the period | 9904 | €48,945 | -€8,741 | -€57,685 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,945 | -€8,741 | -€57,685 |
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 7 October 2026 via checked.be.