MDW CONSTRUCTIES: 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.
MDW CONSTRUCTIES
Largest movements
- Cash +€36,496
up €36,496 (+32.4%), from €112,533 to €149,029
mainly Net result for the year (+€31,034) and Receivables within one year (+€8,486)
- Receivables within one year -€8,486
down €8,486 (-84.6%), from €10,028 to €1,542
- Tangible fixed assets +€2,036
up €2,036 (+519.8%), from €392 to €2,428
- Reserves +€31,034
up €31,034 (+41.3%), from €75,221 to €106,255
of which Distributable reserves: +€31,034
- Tax, wage and social debts -€4,439
down €4,439 (-69.7%), from €6,365 to €1,926
- Trade debts +€3,180
up €3,180 (+86.3%), from €3,683 to €6,863
- Gross operating margin +€2,807
up €2,807 (+6.2%), from €45,616 to €48,423
- Taxes +€1,153
up €1,153 (+7.2%), from €15,929 to €17,082
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 | €122,953 | €152,998 | +€30,045 | +24.4% |
| Fixed assets | 21/28 | €392 | €2,428 | +€2,036 | +519.8% |
| Tangible fixed assets | 22/27 | €392 | €2,428 | +€2,036 | +519.8% |
| Furniture and vehicles | 24 | €392 | €2,428 | +€2,036 | +519.8% |
| Current assets | 29/58 | €122,561 | €150,570 | +€28,010 | +22.9% |
| Amounts receivable within one year | 40/41 | €10,028 | €1,542 | -€8,486 | -84.6% |
| Trade receivables | 40 | €10,028 | €1,542 | -€8,486 | -84.6% |
| Cash at bank and in hand | 54/58 | €112,533 | €149,029 | +€36,496 | +32.4% |
| Total equity and liabilities | 10/49 | €122,953 | €152,998 | +€30,045 | +24.4% |
| Equity | 10/15 | €93,821 | €124,855 | +€31,034 | +33.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,221 | €106,255 | +€31,034 | +41.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €73,361 | €104,395 | +€31,034 | +42.3% |
| Amounts payable | 17/49 | €29,131 | €28,143 | -€989 | -3.4% |
| Amounts payable within one year | 42/48 | €29,131 | €28,143 | -€989 | -3.4% |
| Trade debts | 44 | €3,683 | €6,863 | +€3,180 | +86.3% |
| Suppliers | 440/4 | €3,683 | €6,863 | +€3,180 | +86.3% |
| Taxes, remuneration and social security | 45 | €6,365 | €1,926 | -€4,439 | -69.7% |
| Taxes | 450/3 | €6,365 | €1,926 | -€4,439 | -69.7% |
| Other amounts payable | 47/48 | €19,084 | €19,353 | +€270 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €174 | -€322 | -64.9% |
| Other operating charges | 640/8 | €967 | €782 | -€185 | -19.2% |
| Gross operating margin | 9900 | €45,616 | €48,423 | +€2,807 | +6.2% |
| Operating profit (loss) | 9901 | €44,153 | €47,468 | +€3,314 | +7.5% |
| Financial income | 75/76B | €478 | €746 | +€267 | +55.9% |
| Recurring financial income | 75 | €478 | €746 | +€267 | +55.9% |
| Financial charges | 65/66B | €101 | €97 | -€3 | -3.4% |
| Recurring financial charges | 65 | €101 | €97 | -€3 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €44,531 | €48,116 | +€3,585 | +8.1% |
| Income taxes | 67/77 | €15,929 | €17,082 | +€1,153 | +7.2% |
| Profit (loss) for the period | 9904 | €28,602 | €31,034 | +€2,433 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,602 | €31,034 | +€2,433 | +8.5% |
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 9 October 2026 via checked.be.