MW CONCEPT: what changed
Two fiscal 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.
MW CONCEPT
Largest movements
- Tangible fixed assets -€1,284
down €1,284 (-21.6%), from €5,956 to €4,672
- Tax, wage and social debts -€6,358
down €6,358 (-54.4%), from €11,679 to €5,321
of which Remuneration and social security: -€11,271
- Short-term financial debts +€5,723
up €5,723 (+294.1%), from €1,946 to €7,669
- Profit (loss) carried forward -€3,236
down €3,236 (-4.7%), from -€68,513 to -€71,749
- Trade debts +€3,169
up €3,169 (+4.4%), from €71,400 to €74,569
- Gross operating margin +€38,796
up €38,796 (+244.2%), from €15,885 to €54,681
- Staff costs -€32,112
down €32,112 (-38.5%), from €83,344 to €51,232
- Other operating charges +€2,814
up €2,814 (+347.0%), from €811 to €3,625
- Financial income -€2,484
no longer reported in 2023 (was €2,484)
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,785 | €109,083 | -€702 | -0.6% |
| Fixed assets | 21/28 | €5,956 | €4,672 | -€1,284 | -21.6% |
| Tangible fixed assets | 22/27 | €5,956 | €4,672 | -€1,284 | -21.6% |
| Furniture and vehicles | 24 | €5,956 | €4,672 | -€1,284 | -21.6% |
| Current assets | 29/58 | €103,829 | €104,411 | +€582 | +0.6% |
| Amounts receivable within one year | 40/41 | €103,479 | €104,411 | +€932 | +0.9% |
| Trade receivables | 40 | €36,209 | €39,598 | +€3,389 | +9.4% |
| Other amounts receivable | 41 | €67,270 | €64,813 | -€2,457 | -3.7% |
| Cash at bank and in hand | 54/58 | €350 | - | -€350 | |
| Total equity and liabilities | 10/49 | €109,785 | €109,083 | -€702 | -0.6% |
| Equity | 10/15 | -€9,895 | -€13,131 | -€3,236 | -32.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €40,018 | €40,018 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €38,158 | €38,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,513 | -€71,749 | -€3,236 | -4.7% |
| Amounts payable | 17/49 | €119,680 | €122,214 | +€2,534 | +2.1% |
| Amounts payable within one year | 42/48 | €119,680 | €122,214 | +€2,534 | +2.1% |
| Financial debts | 43 | €1,946 | €7,669 | +€5,723 | +294.1% |
| Credit institutions | 430/8 | €1,946 | €7,669 | +€5,723 | +294.1% |
| Trade debts | 44 | €71,400 | €74,569 | +€3,169 | +4.4% |
| Suppliers | 440/4 | €71,400 | €74,569 | +€3,169 | +4.4% |
| Advances received on contracts in progress | 46 | €34,655 | €34,655 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11,679 | €5,321 | -€6,358 | -54.4% |
| Taxes | 450/3 | - | €4,913 | +€4,913 | |
| Remuneration and social security | 454/9 | €11,679 | €408 | -€11,271 | -96.5% |
| Remuneration, social security and pensions | 62 | €83,344 | €51,232 | -€32,112 | -38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €965 | €1,284 | +€319 | +33.1% |
| Other operating charges | 640/8 | €811 | €3,625 | +€2,814 | +347.0% |
| Gross operating margin | 9900 | €15,885 | €54,681 | +€38,796 | +244.2% |
| Operating profit (loss) | 9901 | -€69,235 | -€1,460 | +€67,775 | +97.9% |
| Financial income | 75/76B | €2,484 | - | -€2,484 | |
| Recurring financial income | 75 | €2,484 | - | -€2,484 | |
| Financial charges | 65/66B | €1,762 | €1,776 | +€14 | +0.8% |
| Recurring financial charges | 65 | €1,762 | €1,776 | +€14 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€68,513 | -€3,236 | +€65,277 | +95.3% |
| Profit (loss) for the period | 9904 | -€68,513 | -€3,236 | +€65,277 | +95.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,513 | -€3,236 | +€65,277 | +95.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.