MAWE Management: 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.
MAWE Management
Largest movements
- Receivables within one year +€674,837
up €674,837 (+176%), from €383,933 to €1.1m
of which Trade receivables: +€631,994
- Tangible fixed assets +€67,394
up €67,394 (+3.5%), from €1.9m to €2.0m
of which Land and buildings: +€76,779
- Cash +€50,534
up €50,534 (+55.0%), from €91,871 to €142,405
mainly Debts after one year (+€762,429) and Net result for the year (+€341,989)
- Debts after one year +€762,429
up €762,429 (+63.3%), from €1.2m to €2.0m
of which Financial debts: +€394,471
- Trade debts -€695,916
down €695,916 (-99.7%), from €697,978 to €2,063
- Reserves +€341,989
up €341,989 (+61.3%), from €557,529 to €899,518
of which Distributable reserves: +€341,989
- Other debts +€277,733
up €277,733 (+821%), from €33,833 to €311,566
- Tax, wage and social debts +€97,248
up €97,248 (+212%), from €45,838 to €143,086
- Gross operating margin +€178,377
up €178,377 (+53.4%), from €334,128 to €512,505
- Depreciation -€97,039
down €97,039 (-52.2%), from €186,023 to €88,984
- Taxes +€96,366
up €96,366 (+422%), from €22,844 to €119,209
- Financial income +€75,976
up €75,976 (+168%), from €45,303 to €121,279
- Financial charges +€32,346
up €32,346 (+74.4%), from €43,461 to €75,807
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.
Derived cash bridge
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 | €2,612,784 | €3,421,082 | +€808,298 | +30.9% |
| Fixed assets | 21/28 | €2,136,979 | €2,219,907 | +€82,927 | +3.9% |
| Tangible fixed assets | 22/27 | €1,907,835 | €1,975,230 | +€67,394 | +3.5% |
| Land and buildings | 22 | €1,822,177 | €1,898,956 | +€76,779 | +4.2% |
| Plant, machinery and equipment | 23 | €4,339 | €24,019 | +€19,680 | +454% |
| Furniture and vehicles | 24 | €81,320 | €52,255 | -€29,065 | -35.7% |
| Financial fixed assets | 28 | €229,144 | €244,677 | +€15,533 | +6.8% |
| Current assets | 29/58 | €475,805 | €1,201,176 | +€725,371 | +152% |
| Amounts receivable within one year | 40/41 | €383,933 | €1,058,771 | +€674,837 | +176% |
| Trade receivables | 40 | €376,777 | €1,008,771 | +€631,994 | +168% |
| Other amounts receivable | 41 | €7,156 | €50,000 | +€42,844 | +599% |
| Current investments | 50/53 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €91,871 | €142,405 | +€50,534 | +55.0% |
| Total equity and liabilities | 10/49 | €2,612,784 | €3,421,082 | +€808,298 | +30.9% |
| Equity | 10/15 | €576,079 | €918,068 | +€341,989 | +59.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €557,529 | €899,518 | +€341,989 | +61.3% |
| Non-distributable reserves | 130/1 | €650 | €650 | = | 0.0% |
| Reserves not available under the articles | 1311 | €650 | €650 | = | 0.0% |
| Distributable reserves | 133 | €556,879 | €898,868 | +€341,989 | +61.4% |
| Amounts payable | 17/49 | €2,036,705 | €2,503,014 | +€466,309 | +22.9% |
| Amounts payable after more than one year | 17 | €1,204,424 | €1,966,854 | +€762,429 | +63.3% |
| Financial debts | 170/4 | €672,382 | €1,066,854 | +€394,471 | +58.7% |
| Other amounts payable | 178/9 | €532,042 | €900,000 | +€367,958 | +69.2% |
| Amounts payable within one year | 42/48 | €832,281 | €536,161 | -€296,120 | -35.6% |
| Current portion of amounts payable after more than one year | 42 | €54,632 | €79,446 | +€24,815 | +45.4% |
| Trade debts | 44 | €697,978 | €2,063 | -€695,916 | -99.7% |
| Suppliers | 440/4 | €697,978 | €2,063 | -€695,916 | -99.7% |
| Taxes, remuneration and social security | 45 | €45,838 | €143,086 | +€97,248 | +212% |
| Taxes | 450/3 | €45,838 | €143,086 | +€97,248 | +212% |
| Other amounts payable | 47/48 | €33,833 | €311,566 | +€277,733 | +821% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,023 | €88,984 | -€97,039 | -52.2% |
| Other operating charges | 640/8 | €3,255 | €7,795 | +€4,540 | +140% |
| Gross operating margin | 9900 | €334,128 | €512,505 | +€178,377 | +53.4% |
| Operating profit (loss) | 9901 | €144,850 | €415,726 | +€270,876 | +187% |
| Financial income | 75/76B | €45,303 | €121,279 | +€75,976 | +168% |
| Recurring financial income | 75 | €45,303 | €121,279 | +€75,976 | +168% |
| Financial charges | 65/66B | €43,461 | €75,807 | +€32,346 | +74.4% |
| Recurring financial charges | 65 | €43,461 | €75,807 | +€32,346 | +74.4% |
| Profit (loss) for the period before taxes | 9903 | €146,693 | €461,198 | +€314,506 | +214% |
| Income taxes | 67/77 | €22,844 | €119,209 | +€96,366 | +422% |
| Profit (loss) for the period | 9904 | €123,849 | €341,989 | +€218,140 | +176% |
| Profit (loss) for the period to be appropriated | 9905 | €123,849 | €341,989 | +€218,140 | +176% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.