MAWICON: 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.
MAWICON
Largest movements
- Cash -€20,030
down €20,030 (-20.1%), from €99,625 to €79,595
mainly Contributions, distributions and other (-€58,824) and Other debts (-€11,000)
- Receivables within one year +€3,627
up €3,627 (+25.4%), from €14,285 to €17,912
of which Trade receivables: +€5,929
- Tangible fixed assets +€2,254
up €2,254 (+24.2%), from €9,330 to €11,584
of which Plant, machinery and equipment: +€3,147
- Other debts -€11,000
no longer reported in 2025 (was €11,000)
- Profit (loss) carried forward -€7,674
down €7,674 (-8.8%), from €87,495 to €79,820
- Tax, wage and social debts +€6,632
up €6,632 (+349%), from €1,900 to €8,532
- Trade debts -€2,047
down €2,047 (-54.3%), from €3,768 to €1,722
- Other operating charges -€10,096
down €10,096 (-94.3%), from €10,708 to €613
- Gross operating margin +€6,461
up €6,461 (+9.9%), from €65,230 to €71,691
- Taxes +€3,500
up €3,500 (+34.7%), from €10,073 to €13,573
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 | €124,623 | €110,534 | -€14,089 | -11.3% |
| Fixed assets | 21/28 | €9,330 | €11,584 | +€2,254 | +24.2% |
| Tangible fixed assets | 22/27 | €9,330 | €11,584 | +€2,254 | +24.2% |
| Plant, machinery and equipment | 23 | €6,131 | €9,278 | +€3,147 | +51.3% |
| Furniture and vehicles | 24 | €3,199 | €2,306 | -€893 | -27.9% |
| Current assets | 29/58 | €115,293 | €98,950 | -€16,343 | -14.2% |
| Amounts receivable within one year | 40/41 | €14,285 | €17,912 | +€3,627 | +25.4% |
| Trade receivables | 40 | €11,858 | €17,787 | +€5,929 | +50.0% |
| Other amounts receivable | 41 | €2,427 | €125 | -€2,302 | -94.9% |
| Cash at bank and in hand | 54/58 | €99,625 | €79,595 | -€20,030 | -20.1% |
| Deferred charges and accrued income | 490/1 | €1,383 | €1,443 | +€60 | +4.3% |
| Total equity and liabilities | 10/49 | €124,623 | €110,534 | -€14,089 | -11.3% |
| Equity | 10/15 | €107,955 | €100,280 | -€7,674 | -7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,495 | €79,820 | -€7,674 | -8.8% |
| Amounts payable | 17/49 | €16,668 | €10,254 | -€6,415 | -38.5% |
| Amounts payable within one year | 42/48 | €16,668 | €10,254 | -€6,415 | -38.5% |
| Trade debts | 44 | €3,768 | €1,722 | -€2,047 | -54.3% |
| Suppliers | 440/4 | €3,768 | €1,722 | -€2,047 | -54.3% |
| Taxes, remuneration and social security | 45 | €1,900 | €8,532 | +€6,632 | +349% |
| Taxes | 450/3 | €1,900 | €8,532 | +€6,632 | +349% |
| Other amounts payable | 47/48 | €11,000 | - | -€11,000 | |
| Non-recurring operating income | 76A | €3,966 | €3,084 | -€882 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,633 | €4,913 | +€280 | +6.0% |
| Other operating charges | 640/8 | €10,708 | €613 | -€10,096 | -94.3% |
| Non-recurring operating charges | 66A | €729 | €0 | -€728 | -100.0% |
| Gross operating margin | 9900 | €65,230 | €71,691 | +€6,461 | +9.9% |
| Operating profit (loss) | 9901 | €49,160 | €66,165 | +€17,005 | +34.6% |
| Financial charges | 65/66B | €1,381 | €1,443 | +€61 | +4.4% |
| Recurring financial charges | 65 | €1,381 | €1,443 | +€61 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €47,779 | €64,722 | +€16,943 | +35.5% |
| Income taxes | 67/77 | €10,073 | €13,573 | +€3,500 | +34.7% |
| Profit (loss) for the period | 9904 | €37,706 | €51,149 | +€13,444 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,706 | €51,149 | +€13,444 | +35.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.