MW-consult: 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-consult
Largest movements
- Cash +€199,803
up €199,803 (+48.2%), from €414,672 to €614,475
mainly Net result for the year (+€183,240) and Depreciation (+€111,497)
- Tangible fixed assets -€92,856
down €92,856 (-11.4%), from €814,577 to €721,721
of which Plant, machinery and equipment: -€48,165
- Receivables within one year -€27,652
down €27,652 (-62.6%), from €44,161 to €16,509
of which Other amounts receivable: -€17,244
- Receivables after one year +€22,920
new in 2023: €22,920
- Reserves +€152,407
up €152,407 (+14.6%), from €1.0m to €1.2m
of which Distributable reserves: +€154,267
- Debts after one year -€60,716
down €60,716 (-12.3%), from €494,493 to €433,777
- Tax, wage and social debts -€34,277
down €34,277 (-48.1%), from €71,289 to €37,012
of which Taxes: -€27,033
- Accrued charges and deferred income +€27,308
up €27,308 (+671%), from €4,070 to €31,378
- Gross operating margin -€70,596
down €70,596 (-11.1%), from €636,831 to €566,235
- Taxes -€16,538
down €16,538 (-13.8%), from €120,021 to €103,483
- Depreciation +€12,679
up €12,679 (+12.8%), from €98,819 to €111,497
- Staff costs +€10,583
up €10,583 (+7.0%), from €151,842 to €162,425
- Financial income +€8,479
up €8,479 (+234%), from €3,616 to €12,095
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.
Derived cash bridge
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 | €1,696,656 | €1,798,870 | +€102,214 | +6.0% |
| Fixed assets | 21/28 | €814,577 | €721,721 | -€92,856 | -11.4% |
| Tangible fixed assets | 22/27 | €814,577 | €721,721 | -€92,856 | -11.4% |
| Land and buildings | 22 | €573,259 | €535,592 | -€37,668 | -6.6% |
| Plant, machinery and equipment | 23 | €180,286 | €132,121 | -€48,165 | -26.7% |
| Furniture and vehicles | 24 | €61,032 | €54,008 | -€7,024 | -11.5% |
| Current assets | 29/58 | €882,078 | €1,077,149 | +€195,071 | +22.1% |
| Amounts receivable after more than one year | 29 | - | €22,920 | +€22,920 | |
| Other amounts receivable | 291 | - | €22,920 | +€22,920 | |
| Amounts receivable within one year | 40/41 | €44,161 | €16,509 | -€27,652 | -62.6% |
| Trade receivables | 40 | €15,856 | €5,448 | -€10,408 | -65.6% |
| Other amounts receivable | 41 | €28,305 | €11,061 | -€17,244 | -60.9% |
| Current investments | 50/53 | €423,245 | €423,245 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €414,672 | €614,475 | +€199,803 | +48.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,696,656 | €1,798,870 | +€102,214 | +6.0% |
| Equity | 10/15 | €1,065,882 | €1,218,288 | +€152,407 | +14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,047,282 | €1,199,688 | +€152,407 | +14.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €1,045,422 | €1,199,688 | +€154,267 | +14.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €630,774 | €580,582 | -€50,192 | -8.0% |
| Amounts payable after more than one year | 17 | €494,493 | €433,777 | -€60,716 | -12.3% |
| Financial debts | 170/4 | €494,493 | €433,777 | -€60,716 | -12.3% |
| Amounts payable within one year | 42/48 | €132,211 | €115,427 | -€16,784 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €60,003 | €61,425 | +€1,422 | +2.4% |
| Trade debts | 44 | €119 | €16,157 | +€16,038 | +13,439% |
| Suppliers | 440/4 | €119 | €16,157 | +€16,038 | +13,439% |
| Taxes, remuneration and social security | 45 | €71,289 | €37,012 | -€34,277 | -48.1% |
| Taxes | 450/3 | €29,266 | €2,233 | -€27,033 | -92.4% |
| Remuneration and social security | 454/9 | €42,023 | €34,779 | -€7,244 | -17.2% |
| Other amounts payable | 47/48 | €800 | €833 | +€33 | +4.1% |
| Accrued charges and deferred income | 492/3 | €4,070 | €31,378 | +€27,308 | +671% |
| Non-recurring operating income | 76A | €6,000 | - | -€6,000 | |
| Remuneration, social security and pensions | 62 | €151,842 | €162,425 | +€10,583 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,819 | €111,497 | +€12,679 | +12.8% |
| Other operating charges | 640/8 | €6,754 | €4,505 | -€2,250 | -33.3% |
| Gross operating margin | 9900 | €636,831 | €566,235 | -€70,596 | -11.1% |
| Operating profit (loss) | 9901 | €379,416 | €287,808 | -€91,608 | -24.1% |
| Financial income | 75/76B | €3,616 | €12,095 | +€8,479 | +234% |
| Recurring financial income | 75 | €3,616 | €12,095 | +€8,479 | +234% |
| Financial charges | 65/66B | €12,436 | €13,180 | +€745 | +6.0% |
| Recurring financial charges | 65 | €12,436 | €13,180 | +€745 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €370,596 | €286,723 | -€83,874 | -22.6% |
| Income taxes | 67/77 | €120,021 | €103,483 | -€16,538 | -13.8% |
| Profit (loss) for the period | 9904 | €250,575 | €183,240 | -€67,336 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €250,575 | €183,240 | -€67,336 | -26.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.