MW CREATIONS: 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 CREATIONS
Largest movements
- Cash +€37,913
up €37,913 (+55.4%), from €68,459 to €106,371
mainly Net result for the year (+€32,054) and Depreciation (+€23,020)
- Deferred charges and accrued income -€9,469
down €9,469 (-55.4%), from €17,084 to €7,614
- Receivables within one year +€6,813
up €6,813 (+26.7%), from €25,543 to €32,356
of which Other amounts receivable: +€7,074
- Stocks and contracts -€5,000
down €5,000 (-11.8%), from €42,500 to €37,500
of which Contracts in progress: -€12,000
- Reserves +€30,388
up €30,388 (+20.6%), from €147,569 to €177,958
- Trade debts -€6,340
down €6,340 (-65.7%), from €9,643 to €3,303
- Debts after one year +€5,000
up €5,000 (+15.6%), from €32,000 to €37,000
- Gross operating margin +€32,380
up €32,380 (+81.2%), from €39,895 to €72,275
- Taxes +€7,874
up €7,874 (+160%), from €4,936 to €12,810
- Depreciation +€4,621
up €4,621 (+25.1%), from €18,400 to €23,020
- Financial charges +€796
up €796 (+34.0%), from €2,342 to €3,138
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 | €257,010 | €284,611 | +€27,602 | +10.7% |
| Fixed assets | 21/28 | €103,425 | €100,770 | -€2,654 | -2.6% |
| Tangible fixed assets | 22/27 | €103,425 | €100,770 | -€2,654 | -2.6% |
| Plant, machinery and equipment | 23 | €81,118 | €83,106 | +€1,988 | +2.5% |
| Furniture and vehicles | 24 | €16,814 | €13,278 | -€3,536 | -21.0% |
| Other tangible fixed assets | 26 | €5,493 | €4,386 | -€1,107 | -20.1% |
| Current assets | 29/58 | €153,585 | €183,841 | +€30,256 | +19.7% |
| Stocks and contracts in progress | 3 | €42,500 | €37,500 | -€5,000 | -11.8% |
| Stocks | 30/36 | €12,500 | €19,500 | +€7,000 | +56.0% |
| Contracts in progress | 37 | €30,000 | €18,000 | -€12,000 | -40.0% |
| Amounts receivable within one year | 40/41 | €25,543 | €32,356 | +€6,813 | +26.7% |
| Trade receivables | 40 | €14,245 | €13,983 | -€262 | -1.8% |
| Other amounts receivable | 41 | €11,298 | €18,372 | +€7,074 | +62.6% |
| Cash at bank and in hand | 54/58 | €68,459 | €106,371 | +€37,913 | +55.4% |
| Deferred charges and accrued income | 490/1 | €17,084 | €7,614 | -€9,469 | -55.4% |
| Total equity and liabilities | 10/49 | €257,010 | €284,611 | +€27,602 | +10.7% |
| Equity | 10/15 | €197,569 | €227,958 | +€30,388 | +15.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €147,569 | €177,958 | +€30,388 | +20.6% |
| Distributable reserves | 133 | €147,569 | €177,958 | +€30,388 | +20.6% |
| Amounts payable | 17/49 | €59,441 | €56,654 | -€2,787 | -4.7% |
| Amounts payable after more than one year | 17 | €32,000 | €37,000 | +€5,000 | +15.6% |
| Financial debts | 170/4 | €32,000 | €37,000 | +€5,000 | +15.6% |
| Amounts payable within one year | 42/48 | €24,065 | €16,118 | -€7,947 | -33.0% |
| Trade debts | 44 | €9,643 | €3,303 | -€6,340 | -65.7% |
| Suppliers | 440/4 | €9,643 | €3,303 | -€6,340 | -65.7% |
| Taxes, remuneration and social security | 45 | €10,776 | €8,624 | -€2,152 | -20.0% |
| Taxes | 450/3 | €10,776 | €8,624 | -€2,152 | -20.0% |
| Other amounts payable | 47/48 | €3,645 | €4,191 | +€545 | +15.0% |
| Accrued charges and deferred income | 492/3 | €3,375 | €3,536 | +€160 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,400 | €23,020 | +€4,621 | +25.1% |
| Other operating charges | 640/8 | €1,391 | €1,400 | +€10 | +0.7% |
| Gross operating margin | 9900 | €39,895 | €72,275 | +€32,380 | +81.2% |
| Operating profit (loss) | 9901 | €20,105 | €47,854 | +€27,749 | +138% |
| Financial income | 75/76B | €249 | €148 | -€101 | -40.6% |
| Recurring financial income | 75 | €249 | €148 | -€101 | -40.6% |
| Financial charges | 65/66B | €2,342 | €3,138 | +€796 | +34.0% |
| Recurring financial charges | 65 | €2,342 | €3,138 | +€796 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €18,012 | €44,864 | +€26,852 | +149% |
| Income taxes | 67/77 | €4,936 | €12,810 | +€7,874 | +160% |
| Profit (loss) for the period | 9904 | €13,076 | €32,054 | +€18,978 | +145% |
| Profit (loss) for the period to be appropriated | 9905 | €13,076 | €32,054 | +€18,978 | +145% |
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 1 November 2026 via checked.be.