MAWS: 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.
MAWS
Largest movements
- Cash -€1,551
down €1,551 (-34.4%), from €4,506 to €2,955
mainly Net result for the year (-€1,810) and Receivables within one year (-€502)
- Receivables within one year +€502
up €502 (+30.9%), from €1,621 to €2,123
of which Other amounts receivable: +€552
- Profit (loss) carried forward -€1,810
down €1,810, from €550 to -€1,260
- Trade debts +€756
up €756 (+13362.4%), from €6 to €762
- Gross operating margin -€4,223
down €4,223, from €2,946 to -€1,278
- Taxes -€196
down €196 (-97.8%), from €200 to €4
- Financial charges +€31
up €31 (+32.0%), from €97 to €128
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.
Cash bridge derived
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 | €6,128 | €5,078 | -€1,049 | -17.1% |
| Current assets | 29/58 | €6,128 | €5,078 | -€1,049 | -17.1% |
| Amounts receivable within one year | 40/41 | €1,621 | €2,123 | +€502 | +30.9% |
| Trade receivables | 40 | €51 | €0 | -€51 | -100.0% |
| Other amounts receivable | 41 | €1,571 | €2,123 | +€552 | +35.2% |
| Cash at bank and in hand | 54/58 | €4,506 | €2,955 | -€1,551 | -34.4% |
| Total equity and liabilities | 10/49 | €6,128 | €5,078 | -€1,049 | -17.1% |
| Equity | 10/15 | €3,550 | €1,740 | -€1,810 | -51.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €550 | -€1,260 | -€1,810 | |
| Amounts payable | 17/49 | €2,578 | €3,338 | +€761 | +29.5% |
| Amounts payable within one year | 42/48 | €2,578 | €3,338 | +€761 | +29.5% |
| Trade debts | 44 | €6 | €762 | +€756 | +13362.4% |
| Suppliers | 440/4 | €6 | €762 | +€756 | +13362.4% |
| Taxes, remuneration and social security | 45 | €200 | €204 | +€4 | +2.2% |
| Taxes | 450/3 | €200 | €204 | +€4 | +2.2% |
| Other amounts payable | 47/48 | €2,372 | €2,372 | = | 0.0% |
| Other operating charges | 640/8 | €392 | €400 | +€8 | +2.1% |
| Gross operating margin | 9900 | €2,946 | -€1,278 | -€4,223 | |
| Operating profit (loss) | 9901 | €2,554 | -€1,677 | -€4,232 | |
| Financial charges | 65/66B | €97 | €128 | +€31 | +32.0% |
| Recurring financial charges | 65 | €97 | €128 | +€31 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | €2,457 | -€1,805 | -€4,263 | |
| Income taxes | 67/77 | €200 | €4 | -€196 | -97.8% |
| Profit (loss) for the period | 9904 | €2,257 | -€1,810 | -€4,067 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,257 | -€1,810 | -€4,067 |
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 10 October 2026 via checked.be.