MAWIPEX: what changed
What changed
MAWIPEX
NACE 46.831, Wholesale of construction materials, general range
filed annual accounts (NBB)
Net result for the year
-€139,316
2024 · -€270,566+€131,250
Equity
€2.4m
2024 · €2.6m-€139,316
Cash
€9,330
2024 · €312+€9,017
Balance sheet total
€3.3m
2024 · €3.4m-€73,386
Largest movements
Assets
- Deferred charges and accrued income -€52,634
down €52,634 (-31.4%), from €167,712 to €115,078
Equity and liabilities
- Other debts +€302,740
up €302,740 (+350%), from €86,462 to €389,202
- Trade debts -€192,825
down €192,825 (-30.3%), from €636,131 to €443,306
- Reserves -€139,316
down €139,316 (-5.4%), from €2.6m to €2.4m
Income statement
- Turnover -€5.1m
no longer reported in 2025 (was €5.1m)
- Purchases and services -€5.1m
no longer reported in 2025 (was €5.1m)
- Staff costs -€163,087
down €163,087 (-35.1%), from €464,000 to €300,912
- Financial income -€51,591
down €51,591 (-33.0%), from €156,473 to €104,883
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€270,566
Gross operating margin
-€1,467
Staff costs
+€163,087
Depreciation
+€2,290
Write-downs
-€19,171
Other operating charges
+€2,474
Financial income
-€51,591
Financial charges
+€35,424
Taxes
+€202
Result 2025
-€139,316
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€38,572
Investment
-€12,542
Financing
-€17,013
Cash 2024
€312
From operations (derived)
+€38,572
Net result for the year
-€139,316
Depreciation
+€11,228
Receivables within one year
+€31,084
Deferred charges and accrued income
+€52,634
Trade debts
-€192,825
Tax, wage and social debts
-€27,592
Other debts
+€302,740
Accrued charges and deferred income
+€620
Investment (derived)
-€12,542
Investment in fixed assets (net)
-€12,542
Financing
-€17,013
Short-term financial debts
-€17,013
Cash 2025
€9,330
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,366,235 | €3,292,849 | -€73,386 | -2.2% |
| Fixed assets | 21/28 | €18,951 | €20,265 | +€1,314 | +6.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €18,682 | €19,996 | +€1,314 | +7.0% |
| Furniture and vehicles | 24 | €10,144 | €14,211 | +€4,067 | +40.1% |
| Other tangible fixed assets | 26 | €8,538 | €5,785 | -€2,753 | -32.2% |
| Financial fixed assets | 28 | €269 | €269 | = | 0.0% |
| Current assets | 29/58 | €3,347,284 | €3,272,584 | -€74,700 | -2.2% |
| Amounts receivable within one year | 40/41 | €3,179,260 | €3,148,176 | -€31,084 | -1.0% |
| Trade receivables | 40 | €208,945 | €247,622 | +€38,677 | +18.5% |
| Other amounts receivable | 41 | €2,970,315 | €2,900,554 | -€69,760 | -2.3% |
| Cash at bank and in hand | 54/58 | €312 | €9,330 | +€9,017 | +2,887% |
| Deferred charges and accrued income | 490/1 | €167,712 | €115,078 | -€52,634 | -31.4% |
| Total equity and liabilities | 10/49 | €3,366,235 | €3,292,849 | -€73,386 | -2.2% |
| Equity | 10/15 | €2,574,018 | €2,434,702 | -€139,316 | -5.4% |
| Contributions | 10/11 | €12,403 | €12,403 | = | 0.0% |
| Reserves | 13 | €2,561,616 | €2,422,300 | -€139,316 | -5.4% |
| Distributable reserves | 133 | €2,561,616 | €2,422,300 | -€139,316 | -5.4% |
| Amounts payable | 17/49 | €792,216 | €858,146 | +€65,930 | +8.3% |
| Amounts payable within one year | 42/48 | €792,216 | €857,527 | +€65,310 | +8.2% |
| Financial debts | 43 | €17,013 | €0 | -€17,013 | -100% |
| Credit institutions | 430/8 | €17,013 | €0 | -€17,013 | -100% |
| Trade debts | 44 | €636,131 | €443,306 | -€192,825 | -30.3% |
| Suppliers | 440/4 | €636,131 | €443,306 | -€192,825 | -30.3% |
| Taxes, remuneration and social security | 45 | €52,610 | €25,018 | -€27,592 | -52.4% |
| Taxes | 450/3 | €2,264 | €0 | -€2,264 | -100% |
| Remuneration and social security | 454/9 | €50,346 | €25,018 | -€25,328 | -50.3% |
| Other amounts payable | 47/48 | €86,462 | €389,202 | +€302,740 | +350% |
| Accrued charges and deferred income | 492/3 | €0 | €620 | +€620 | |
| Turnover | 70 | €5,142,314 | - | -€5.1m | |
| Non-recurring operating income | 76A | €15,561 | €24,325 | +€8,764 | +56.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,099,662 | - | -€5.1m | |
| Remuneration, social security and pensions | 62 | €464,000 | €300,912 | -€163,087 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,518 | €11,228 | -€2,290 | -16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €19,171 | +€19,171 | |
| Other operating charges | 640/8 | €4,874 | €2,400 | -€2,474 | -50.8% |
| Gross operating margin | 9900 | €148,192 | €146,725 | -€1,467 | -1.0% |
| Operating profit (loss) | 9901 | -€334,200 | -€186,985 | +€147,215 | +44.0% |
| Financial income | 75/76B | €156,473 | €104,883 | -€51,591 | -33.0% |
| Recurring financial income | 75 | €156,473 | €104,883 | -€51,591 | -33.0% |
| Financial charges | 65/66B | €92,200 | €56,776 | -€35,424 | -38.4% |
| Recurring financial charges | 65 | €92,200 | €56,776 | -€35,424 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | -€269,926 | -€138,878 | +€131,048 | +48.5% |
| Income taxes | 67/77 | €640 | €438 | -€202 | -31.6% |
| Profit (loss) for the period | 9904 | -€270,566 | -€139,316 | +€131,250 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€270,566 | -€139,316 | +€131,250 | +48.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.