MAWIN: 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.
MAWIN
Largest movements
- Current investments -€52,377
down €52,377 (-21.6%), from €242,649 to €190,272
- Tangible fixed assets -€21,065
down €21,065 (-13.0%), from €161,679 to €140,614
of which Land and buildings: -€13,392
- Cash +€20,425
up €20,425 (+108%), from €18,954 to €39,379
mainly Current investments (+€52,377) and Depreciation (+€26,784)
- Reserves -€44,666
down €44,666 (-10.9%), from €408,209 to €363,543
- Trade debts -€6,229
down €6,229 (-85.6%), from €7,273 to €1,044
- Gross operating margin +€2,045
up €2,045 (+150%), from €1,366 to €3,410
- Financial income +€1,792
up €1,792 (+272%), from €659 to €2,451
- Financial charges -€1,220
down €1,220 (-95.3%), from €1,280 to €60
- Depreciation +€656
up €656 (+2.5%), from €26,128 to €26,784
- Other operating charges -€167
down €167 (-4.9%), from €3,384 to €3,217
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 | €425,282 | €374,294 | -€50,988 | -12.0% |
| Fixed assets | 21/28 | €161,679 | €140,614 | -€21,065 | -13.0% |
| Tangible fixed assets | 22/27 | €161,679 | €140,614 | -€21,065 | -13.0% |
| Land and buildings | 22 | €140,338 | €126,946 | -€13,392 | -9.5% |
| Plant, machinery and equipment | 23 | - | €1,117 | +€1,117 | |
| Furniture and vehicles | 24 | €21,341 | €12,550 | -€8,791 | -41.2% |
| Current assets | 29/58 | €263,603 | €233,680 | -€29,923 | -11.4% |
| Amounts receivable within one year | 40/41 | €2,000 | €3,452 | +€1,452 | +72.6% |
| Trade receivables | 40 | €2,000 | - | -€2,000 | |
| Other amounts receivable | 41 | - | €3,452 | +€3,452 | |
| Current investments | 50/53 | €242,649 | €190,272 | -€52,377 | -21.6% |
| Cash at bank and in hand | 54/58 | €18,954 | €39,379 | +€20,425 | +108% |
| Deferred charges and accrued income | 490/1 | - | €577 | +€577 | |
| Total equity and liabilities | 10/49 | €425,282 | €374,294 | -€50,988 | -12.0% |
| Equity | 10/15 | €414,409 | €369,743 | -€44,666 | -10.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €408,209 | €363,543 | -€44,666 | -10.9% |
| Distributable reserves | 133 | €408,209 | €363,543 | -€44,666 | -10.9% |
| Amounts payable | 17/49 | €10,872 | €4,551 | -€6,321 | -58.1% |
| Amounts payable within one year | 42/48 | €10,872 | €4,551 | -€6,321 | -58.1% |
| Trade debts | 44 | €7,273 | €1,044 | -€6,229 | -85.6% |
| Suppliers | 440/4 | €7,273 | €1,044 | -€6,229 | -85.6% |
| Taxes, remuneration and social security | 45 | €2,187 | €3,507 | +€1,320 | +60.4% |
| Taxes | 450/3 | €2,187 | €3,507 | +€1,320 | +60.4% |
| Other amounts payable | 47/48 | €1,412 | - | -€1,412 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,128 | €26,784 | +€656 | +2.5% |
| Other operating charges | 640/8 | €3,384 | €3,217 | -€167 | -4.9% |
| Gross operating margin | 9900 | €1,366 | €3,410 | +€2,045 | +150% |
| Operating profit (loss) | 9901 | -€28,146 | -€26,590 | +€1,556 | +5.5% |
| Financial income | 75/76B | €659 | €2,451 | +€1,792 | +272% |
| Recurring financial income | 75 | €659 | €2,451 | +€1,792 | +272% |
| Financial charges | 65/66B | €1,280 | €60 | -€1,220 | -95.3% |
| Recurring financial charges | 65 | €1,280 | €60 | -€1,220 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | -€28,767 | -€24,199 | +€4,567 | +15.9% |
| Income taxes | 67/77 | €271 | €160 | -€111 | -41.1% |
| Profit (loss) for the period | 9904 | -€29,038 | -€24,359 | +€4,679 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,038 | -€24,359 | +€4,679 | +16.1% |
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 18 October 2026 via checked.be.