MW CONSTRUCTION: 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.
MW CONSTRUCTION
Largest movements
- Cash -€16,314
down €16,314 (-95.8%), from €17,032 to €718
mainly Trade debts (-€35,430) and Other debts (-€14,000)
- Tangible fixed assets -€3,748
down €3,748 (-56.6%), from €6,626 to €2,878
of which Furniture and vehicles: -€3,317
- Deferred charges and accrued income +€1,312
up €1,312 (+143%), from €917 to €2,229
- Trade debts -€35,430
down €35,430 (-80.3%), from €44,138 to €8,708
- Other debts -€14,000
no longer reported in 2025 (was €14,000)
- Profit (loss) carried forward +€11,298
up €11,298 (+32.4%), from €34,893 to €46,192
- Current portion of long-term debt +€9,883
new in 2025: €9,883
- Debts after one year +€8,504
new in 2025: €8,504
- Staff costs +€16,343
up €16,343 (+1,020%), from €1,602 to €17,946
- Gross operating margin +€14,714
up €14,714 (+42.6%), from €34,570 to €49,284
- Financial charges -€5,026
down €5,026 (-86.1%), from €5,839 to €813
- Taxes -€2,090
down €2,090 (-11.9%), from €17,581 to €15,490
- Depreciation -€643
down €643 (-11.3%), from €5,691 to €5,048
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 | €108,639 | €89,708 | -€18,931 | -17.4% |
| Fixed assets | 21/28 | €6,626 | €2,878 | -€3,748 | -56.6% |
| Tangible fixed assets | 22/27 | €6,626 | €2,878 | -€3,748 | -56.6% |
| Plant, machinery and equipment | 23 | €1,269 | €839 | -€431 | -33.9% |
| Furniture and vehicles | 24 | €5,357 | €2,040 | -€3,317 | -61.9% |
| Current assets | 29/58 | €102,013 | €86,829 | -€15,183 | -14.9% |
| Amounts receivable within one year | 40/41 | €84,065 | €83,883 | -€182 | -0.2% |
| Trade receivables | 40 | €47,827 | €43,271 | -€4,556 | -9.5% |
| Other amounts receivable | 41 | €36,237 | €40,611 | +€4,374 | +12.1% |
| Cash at bank and in hand | 54/58 | €17,032 | €718 | -€16,314 | -95.8% |
| Deferred charges and accrued income | 490/1 | €917 | €2,229 | +€1,312 | +143% |
| Total equity and liabilities | 10/49 | €108,639 | €89,708 | -€18,931 | -17.4% |
| Equity | 10/15 | €35,893 | €47,192 | +€11,298 | +31.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,893 | €46,192 | +€11,298 | +32.4% |
| Amounts payable | 17/49 | €72,746 | €42,516 | -€30,230 | -41.6% |
| Amounts payable after more than one year | 17 | - | €8,504 | +€8,504 | |
| Financial debts | 170/4 | - | €8,504 | +€8,504 | |
| Amounts payable within one year | 42/48 | €72,746 | €34,013 | -€38,733 | -53.2% |
| Current portion of amounts payable after more than one year | 42 | - | €9,883 | +€9,883 | |
| Financial debts | 43 | €1,784 | €1,872 | +€88 | +4.9% |
| Credit institutions | 430/8 | €1,784 | €1,872 | +€88 | +4.9% |
| Trade debts | 44 | €44,138 | €8,708 | -€35,430 | -80.3% |
| Suppliers | 440/4 | €44,138 | €8,708 | -€35,430 | -80.3% |
| Taxes, remuneration and social security | 45 | €12,824 | €13,550 | +€726 | +5.7% |
| Taxes | 450/3 | €11,222 | €10,433 | -€789 | -7.0% |
| Remuneration and social security | 454/9 | €1,602 | €3,117 | +€1,515 | +94.5% |
| Other amounts payable | 47/48 | €14,000 | - | -€14,000 | |
| Remuneration, social security and pensions | 62 | €1,602 | €17,946 | +€16,343 | +1,020% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,691 | €5,048 | -€643 | -11.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €34,570 | €49,284 | +€14,714 | +42.6% |
| Operating profit (loss) | 9901 | €26,890 | €25,890 | -€999 | -3.7% |
| Financial income | 75/76B | €1,959 | €1,712 | -€247 | -12.6% |
| Recurring financial income | 75 | €1,959 | €1,712 | -€247 | -12.6% |
| Financial charges | 65/66B | €5,839 | €813 | -€5,026 | -86.1% |
| Recurring financial charges | 65 | €5,839 | €813 | -€5,026 | -86.1% |
| Profit (loss) for the period before taxes | 9903 | €23,010 | €26,789 | +€3,779 | +16.4% |
| Income taxes | 67/77 | €17,581 | €15,490 | -€2,090 | -11.9% |
| Profit (loss) for the period | 9904 | €5,429 | €11,298 | +€5,869 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €5,429 | €11,298 | +€5,869 | +108% |
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 18 October 2026 via checked.be.