MAWI DEV: 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.
MAWI DEV
Largest movements
- Cash -€27,517
down €27,517 (-19.0%), from €144,715 to €117,198
mainly Contributions, distributions and other (-€126,260) and Other debts (-€22,539)
- Receivables within one year +€14,634
up €14,634 (+43.2%), from €33,861 to €48,495
of which Trade receivables: +€18,125
- Deferred charges and accrued income +€3,758
up €3,758 (+94.1%), from €3,993 to €7,751
- Tangible fixed assets +€2,942
up €2,942 (+9.4%), from €31,208 to €34,150
of which Plant, machinery and equipment: +€5,064
- Stocks and contracts +€2,693
up €2,693 (+448%), from €602 to €3,295
- Other debts -€22,539
down €22,539 (-15.0%), from €150,470 to €127,932
- Tax, wage and social debts +€14,293
up €14,293 (+283%), from €5,052 to €19,345
of which Remuneration and social security: +€11,084
- Profit (loss) carried forward +€11,053
up €11,053 (+29.7%), from €37,256 to €48,309
- Current portion of long-term debt -€7,256
down €7,256 (-69.3%), from €10,470 to €3,214
- Trade debts +€3,344
up €3,344 (+35.5%), from €9,415 to €12,758
- Gross operating margin +€51,183
up €51,183 (+21.1%), from €243,046 to €294,229
- Taxes +€14,802
up €14,802 (+39.2%), from €37,786 to €52,588
- Other operating charges -€3,920
down €3,920 (-72.2%), from €5,428 to €1,508
- Staff costs +€3,761
up €3,761 (+4.5%), from €82,875 to €86,636
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.
Derived cash bridge
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 | €218,403 | €214,913 | -€3,490 | -1.6% |
| Fixed assets | 21/28 | €35,232 | €38,175 | +€2,942 | +8.4% |
| Tangible fixed assets | 22/27 | €31,208 | €34,150 | +€2,942 | +9.4% |
| Plant, machinery and equipment | 23 | €8,213 | €13,277 | +€5,064 | +61.7% |
| Furniture and vehicles | 24 | €22,995 | €20,873 | -€2,122 | -9.2% |
| Financial fixed assets | 28 | €4,024 | €4,024 | = | 0.0% |
| Current assets | 29/58 | €183,170 | €176,738 | -€6,433 | -3.5% |
| Stocks and contracts in progress | 3 | €602 | €3,295 | +€2,693 | +448% |
| Stocks | 30/36 | €602 | €3,295 | +€2,693 | +448% |
| Amounts receivable within one year | 40/41 | €33,861 | €48,495 | +€14,634 | +43.2% |
| Trade receivables | 40 | €24,409 | €42,534 | +€18,125 | +74.3% |
| Other amounts receivable | 41 | €9,452 | €5,961 | -€3,491 | -36.9% |
| Cash at bank and in hand | 54/58 | €144,715 | €117,198 | -€27,517 | -19.0% |
| Deferred charges and accrued income | 490/1 | €3,993 | €7,751 | +€3,758 | +94.1% |
| Total equity and liabilities | 10/49 | €218,403 | €214,913 | -€3,490 | -1.6% |
| Equity | 10/15 | €39,256 | €50,309 | +€11,053 | +28.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,256 | €48,309 | +€11,053 | +29.7% |
| Amounts payable | 17/49 | €179,147 | €164,603 | -€14,544 | -8.1% |
| Amounts payable after more than one year | 17 | €3,214 | - | -€3,214 | |
| Financial debts | 170/4 | €3,214 | - | -€3,214 | |
| Amounts payable within one year | 42/48 | €175,892 | €164,211 | -€11,681 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €10,470 | €3,214 | -€7,256 | -69.3% |
| Financial debts | 43 | €485 | €962 | +€478 | +98.6% |
| Credit institutions | 430/8 | €485 | €962 | +€478 | +98.6% |
| Trade debts | 44 | €9,415 | €12,758 | +€3,344 | +35.5% |
| Suppliers | 440/4 | €9,415 | €12,758 | +€3,344 | +35.5% |
| Taxes, remuneration and social security | 45 | €5,052 | €19,345 | +€14,293 | +283% |
| Taxes | 450/3 | €5,052 | €8,260 | +€3,208 | +63.5% |
| Remuneration and social security | 454/9 | - | €11,084 | +€11,084 | |
| Other amounts payable | 47/48 | €150,470 | €127,932 | -€22,539 | -15.0% |
| Accrued charges and deferred income | 492/3 | €40 | €392 | +€352 | +875% |
| Remuneration, social security and pensions | 62 | €82,875 | €86,636 | +€3,761 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,351 | €12,117 | +€765 | +6.7% |
| Other operating charges | 640/8 | €5,428 | €1,508 | -€3,920 | -72.2% |
| Non-recurring operating charges | 66A | €175 | €175 | = | 0.0% |
| Gross operating margin | 9900 | €243,046 | €294,229 | +€51,183 | +21.1% |
| Operating profit (loss) | 9901 | €143,216 | €193,793 | +€50,577 | +35.3% |
| Financial income | 75/76B | €3,645 | €1,367 | -€2,278 | -62.5% |
| Recurring financial income | 75 | €3,645 | €1,367 | -€2,278 | -62.5% |
| Financial charges | 65/66B | €4,788 | €5,260 | +€472 | +9.9% |
| Recurring financial charges | 65 | €4,788 | €5,260 | +€472 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €142,074 | €189,901 | +€47,827 | +33.7% |
| Income taxes | 67/77 | €37,786 | €52,588 | +€14,802 | +39.2% |
| Profit (loss) for the period | 9904 | €104,289 | €137,313 | +€33,025 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €104,289 | €137,313 | +€33,025 | +31.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.