MAWEBO: 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.
MAWEBO
Largest movements
- Receivables within one year +€35,641
up €35,641 (+15.6%), from €228,558 to €264,199
of which Trade receivables: +€44,552
- Cash -€24,935
down €24,935 (-59.7%), from €41,770 to €16,834
mainly Net result for the year (-€78,522) and Receivables within one year (-€35,641)
- Tangible fixed assets -€11,794
down €11,794 (-74.6%), from €15,817 to €4,023
of which Furniture and vehicles: -€8,063
- Deferred charges and accrued income +€9,198
up €9,198 (+3382.1%), from €272 to €9,470
- Short-term financial debts +€101,382
up €101,382 (+234.6%), from €43,209 to €144,591
of which Credit institutions: +€93,000
- Profit (loss) carried forward -€78,522
new in 2025: -€78,522
- Trade debts -€13,524
down €13,524 (-17.7%), from €76,579 to €63,055
- Gross operating margin -€115,939
down €115,939 (-30.3%), from €382,082 to €266,142
- Staff costs -€53,190
down €53,190 (-13.7%), from €387,290 to €334,099
- Financial income -€5,543
down €5,543 (-35.8%), from €15,494 to €9,951
of which Non-recurring financial income: -€3,666
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 | €520,298 | €525,754 | +€5,456 | +1.0% |
| Fixed assets | 21/28 | €29,698 | €15,251 | -€14,448 | -48.6% |
| Tangible fixed assets | 22/27 | €15,817 | €4,023 | -€11,794 | -74.6% |
| Plant, machinery and equipment | 23 | €3,730 | €0 | -€3,730 | -100.0% |
| Furniture and vehicles | 24 | €12,087 | €4,023 | -€8,063 | -66.7% |
| Financial fixed assets | 28 | €13,881 | €11,227 | -€2,654 | -19.1% |
| Current assets | 29/58 | €490,600 | €510,503 | +€19,903 | +4.1% |
| Stocks and contracts in progress | 3 | €220,000 | €220,000 | = | 0.0% |
| Contracts in progress | 37 | €220,000 | €220,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €228,558 | €264,199 | +€35,641 | +15.6% |
| Trade receivables | 40 | €214,770 | €259,322 | +€44,552 | +20.7% |
| Other amounts receivable | 41 | €13,788 | €4,876 | -€8,911 | -64.6% |
| Cash at bank and in hand | 54/58 | €41,770 | €16,834 | -€24,935 | -59.7% |
| Deferred charges and accrued income | 490/1 | €272 | €9,470 | +€9,198 | +3382.1% |
| Total equity and liabilities | 10/49 | €520,298 | €525,754 | +€5,456 | +1.0% |
| Equity | 10/15 | €365,180 | €286,658 | -€78,522 | -21.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €265,180 | €265,180 | = | 0.0% |
| Distributable reserves | 133 | €265,180 | €265,180 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€78,522 | -€78,522 | |
| Amounts payable | 17/49 | €155,118 | €239,095 | +€83,978 | +54.1% |
| Amounts payable within one year | 42/48 | €153,821 | €239,095 | +€85,274 | +55.4% |
| Current portion of amounts payable after more than one year | 42 | €5,012 | - | -€5,012 | |
| Financial debts | 43 | €43,209 | €144,591 | +€101,382 | +234.6% |
| Credit institutions | 430/8 | - | €93,000 | +€93,000 | |
| Other loans | 439 | €43,209 | €51,591 | +€8,382 | +19.4% |
| Trade debts | 44 | €76,579 | €63,055 | -€13,524 | -17.7% |
| Suppliers | 440/4 | €76,579 | €63,055 | -€13,524 | -17.7% |
| Taxes, remuneration and social security | 45 | €29,020 | €31,450 | +€2,430 | +8.4% |
| Taxes | 450/3 | €18,966 | €7,967 | -€11,000 | -58.0% |
| Remuneration and social security | 454/9 | €10,053 | €23,483 | +€13,429 | +133.6% |
| Accrued charges and deferred income | 492/3 | €1,297 | - | -€1,297 | |
| Remuneration, social security and pensions | 62 | €387,290 | €334,099 | -€53,190 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,835 | €11,794 | -€1,041 | -8.1% |
| Other operating charges | 640/8 | €2,943 | €2,206 | -€737 | -25.0% |
| Gross operating margin | 9900 | €382,082 | €266,142 | -€115,939 | -30.3% |
| Operating profit (loss) | 9901 | -€20,986 | -€81,956 | -€60,971 | -290.5% |
| Financial income | 75/76B | €15,494 | €9,951 | -€5,543 | -35.8% |
| Recurring financial income | 75 | €3,517 | €1,640 | -€1,877 | -53.4% |
| Non-recurring financial income | 76B | €11,977 | €8,311 | -€3,666 | -30.6% |
| Financial charges | 65/66B | €7,825 | €6,517 | -€1,309 | -16.7% |
| Recurring financial charges | 65 | €7,825 | €6,517 | -€1,309 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,317 | -€78,522 | -€65,205 | -489.6% |
| Income taxes | 67/77 | €914 | - | -€914 | |
| Profit (loss) for the period | 9904 | -€14,230 | -€78,522 | -€64,292 | -451.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,230 | -€78,522 | -€64,292 | -451.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.