MLW Consultancy: 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.
MLW Consultancy
Largest movements
- Cash +€42,636
up €42,636 (+65.8%), from €64,768 to €107,404
mainly Net result for the year (+€54,728) and Trade debts (+€10,091)
- Receivables within one year +€5,594
up €5,594 (+11.2%), from €50,000 to €55,594
of which Other amounts receivable: +€3,032
- Reserves +€54,728
up €54,728 (+89.9%), from €60,908 to €115,636
of which Distributable reserves: +€54,728
- Tax, wage and social debts -€25,562
down €25,562 (-70.2%), from €36,411 to €10,849
of which Taxes: -€22,586
- Trade debts +€10,091
up €10,091 (+392%), from €2,574 to €12,665
- Other debts +€7,638
up €7,638 (+53.4%), from €14,315 to €21,953
- Gross operating margin -€7,279
down €7,279 (-8.1%), from €89,534 to €82,255
- Depreciation -€921
down €921 (-40.8%), from €2,257 to €1,335
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 | €119,208 | €166,103 | +€46,895 | +39.3% |
| Fixed assets | 21/28 | €4,440 | €3,105 | -€1,335 | -30.1% |
| Tangible fixed assets | 22/27 | €4,440 | €3,105 | -€1,335 | -30.1% |
| Plant, machinery and equipment | 23 | €4,440 | €3,105 | -€1,335 | -30.1% |
| Current assets | 29/58 | €114,768 | €162,998 | +€48,230 | +42.0% |
| Amounts receivable within one year | 40/41 | €50,000 | €55,594 | +€5,594 | +11.2% |
| Trade receivables | 40 | €50,000 | €52,562 | +€2,562 | +5.1% |
| Other amounts receivable | 41 | - | €3,032 | +€3,032 | |
| Cash at bank and in hand | 54/58 | €64,768 | €107,404 | +€42,636 | +65.8% |
| Total equity and liabilities | 10/49 | €119,208 | €166,103 | +€46,895 | +39.3% |
| Equity | 10/15 | €65,908 | €120,636 | +€54,728 | +83.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €60,908 | €115,636 | +€54,728 | +89.9% |
| Tax-exempt reserves | 132 | €4,266 | €4,266 | = | 0.0% |
| Distributable reserves | 133 | €56,643 | €111,371 | +€54,728 | +96.6% |
| Amounts payable | 17/49 | €53,300 | €45,467 | -€7,833 | -14.7% |
| Amounts payable within one year | 42/48 | €53,300 | €45,467 | -€7,833 | -14.7% |
| Trade debts | 44 | €2,574 | €12,665 | +€10,091 | +392% |
| Suppliers | 440/4 | €2,574 | €12,665 | +€10,091 | +392% |
| Taxes, remuneration and social security | 45 | €36,411 | €10,849 | -€25,562 | -70.2% |
| Taxes | 450/3 | €33,434 | €10,849 | -€22,586 | -67.6% |
| Remuneration and social security | 454/9 | €2,977 | €0 | -€2,977 | -100% |
| Other amounts payable | 47/48 | €14,315 | €21,953 | +€7,638 | +53.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,257 | €1,335 | -€921 | -40.8% |
| Other operating charges | 640/8 | €63 | €63 | +€0 | +0.5% |
| Gross operating margin | 9900 | €89,534 | €82,255 | -€7,279 | -8.1% |
| Operating profit (loss) | 9901 | €87,214 | €80,856 | -€6,358 | -7.3% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,750% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,750% |
| Financial charges | 65/66B | €3,773 | €4,161 | +€388 | +10.3% |
| Recurring financial charges | 65 | €3,773 | €4,161 | +€388 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €83,441 | €76,696 | -€6,745 | -8.1% |
| Income taxes | 67/77 | €22,533 | €21,968 | -€565 | -2.5% |
| Profit (loss) for the period | 9904 | €60,908 | €54,728 | -€6,181 | -10.1% |
| Transfer to tax-exempt reserves | 689 | €4,266 | €0 | -€4,266 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €56,643 | €54,728 | -€1,915 | -3.4% |
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 16 October 2026 via checked.be.