MaWie: 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.
MaWie
Largest movements
- Current investments -€40,000
down €40,000 (-100%), from €40,000 to €0
- Tangible fixed assets +€39,490
up €39,490 (+4,459%), from €886 to €40,376
of which Furniture and vehicles: +€34,679
- Cash +€8,170
up €8,170 (+52.7%), from €15,495 to €23,664
mainly Current investments (+€40,000) and Net result for the year (+€36,356)
- Receivables within one year +€1,395
up €1,395 (+13.5%), from €10,314 to €11,709
- Reserves -€46,003
down €46,003 (-100%), from €46,003 to €0
- Other debts +€32,772
up €32,772 (+7,965%), from €411 to €33,183
- Debts after one year +€27,593
new in 2025: €27,593
- Tax, wage and social debts -€11,138
down €11,138 (-62.3%), from €17,889 to €6,751
- Current portion of long-term debt +€6,620
new in 2025: €6,620
- Turnover -€83,055
no longer reported in 2025 (was €83,055)
- Purchases and services -€52,599
no longer reported in 2025 (was €52,599)
- Gross operating margin +€21,241
up €21,241 (+69.7%), from €30,456 to €51,698
- Taxes +€4,128
up €4,128 (+61.3%), from €6,737 to €10,866
- Depreciation +€3,146
up €3,146 (+1,836%), from €171 to €3,317
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 | €66,994 | €76,695 | +€9,701 | +14.5% |
| Fixed assets | 21/28 | €1,186 | €40,676 | +€39,490 | +3,331% |
| Tangible fixed assets | 22/27 | €886 | €40,376 | +€39,490 | +4,459% |
| Plant, machinery and equipment | 23 | €886 | €1,825 | +€939 | +106% |
| Furniture and vehicles | 24 | - | €34,679 | +€34,679 | |
| Other tangible fixed assets | 26 | - | €3,872 | +€3,872 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €65,809 | €36,019 | -€29,789 | -45.3% |
| Amounts receivable within one year | 40/41 | €10,314 | €11,709 | +€1,395 | +13.5% |
| Trade receivables | 40 | €10,314 | €11,709 | +€1,395 | +13.5% |
| Current investments | 50/53 | €40,000 | €0 | -€40,000 | -100% |
| Cash at bank and in hand | 54/58 | €15,495 | €23,664 | +€8,170 | +52.7% |
| Deferred charges and accrued income | 490/1 | - | €646 | +€646 | |
| Total equity and liabilities | 10/49 | €66,994 | €76,695 | +€9,701 | +14.5% |
| Equity | 10/15 | €48,503 | €2,500 | -€46,003 | -94.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €46,003 | €0 | -€46,003 | -100% |
| Distributable reserves | 133 | €46,003 | €0 | -€46,003 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €18,491 | €74,195 | +€55,704 | +301% |
| Amounts payable after more than one year | 17 | - | €27,593 | +€27,593 | |
| Financial debts | 170/4 | - | €27,593 | +€27,593 | |
| Amounts payable within one year | 42/48 | €18,491 | €46,602 | +€28,110 | +152% |
| Current portion of amounts payable after more than one year | 42 | - | €6,620 | +€6,620 | |
| Trade debts | 44 | €191 | €48 | -€143 | -75.0% |
| Suppliers | 440/4 | €191 | €48 | -€143 | -75.0% |
| Taxes, remuneration and social security | 45 | €17,889 | €6,751 | -€11,138 | -62.3% |
| Taxes | 450/3 | €17,889 | €6,751 | -€11,138 | -62.3% |
| Other amounts payable | 47/48 | €411 | €33,183 | +€32,772 | +7,965% |
| Turnover | 70 | €83,055 | - | -€83,055 | |
| Goods, raw materials, services and sundry goods | 60/61 | €52,599 | - | -€52,599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171 | €3,317 | +€3,146 | +1,836% |
| Other operating charges | 640/8 | €628 | €686 | +€57 | +9.1% |
| Non-recurring operating charges | 66A | €725 | €0 | -€725 | -100% |
| Gross operating margin | 9900 | €30,456 | €51,698 | +€21,241 | +69.7% |
| Operating profit (loss) | 9901 | €28,932 | €47,695 | +€18,763 | +64.9% |
| Financial income | 75/76B | €94 | €292 | +€198 | +210% |
| Recurring financial income | 75 | €94 | €292 | +€198 | +210% |
| Financial charges | 65/66B | €571 | €765 | +€194 | +34.0% |
| Recurring financial charges | 65 | €571 | €765 | +€194 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €28,455 | €47,222 | +€18,767 | +66.0% |
| Income taxes | 67/77 | €6,737 | €10,866 | +€4,128 | +61.3% |
| Profit (loss) for the period | 9904 | €21,718 | €36,356 | +€14,638 | +67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,718 | €36,356 | +€14,638 | +67.4% |
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 23 October 2026 via checked.be.