MW ECO SOLUTIONS: 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 ECO SOLUTIONS
Largest movements
- Stocks and contracts +€75,985
up €75,985 (+563%), from €13,498 to €89,484
of which Contracts in progress: +€62,573
- Cash +€37,834
up €37,834 (+80.8%), from €46,821 to €84,655
mainly Advances received (+€74,446) and Net result for the year (+€35,573)
- Tangible fixed assets +€23,778
up €23,778 (+46.5%), from €51,134 to €74,913
of which Furniture and vehicles: +€24,452
- Receivables within one year -€6,012
down €6,012 (-3.5%), from €170,409 to €164,397
of which Other amounts receivable: -€49,021
- Advances received +€74,446
up €74,446 (+668%), from €11,137 to €85,583
- Reserves +€35,573
up €35,573 (+23.7%), from €149,926 to €185,498
- Trade debts +€23,287
up €23,287 (+54.3%), from €42,875 to €66,162
- Other debts -€15,000
no longer reported in 2026 (was €15,000)
- Short-term financial debts -€14,929
no longer reported in 2026 (was €14,929)
- Gross operating margin +€101,938
up €101,938 (+116%), from €87,995 to €189,934
- Staff costs +€50,043
up €50,043 (+132%), from €37,833 to €87,876
- Depreciation +€6,809
up €6,809 (+27.9%), from €24,413 to €31,222
- Taxes +€5,785
up €5,785 (+213%), from €2,714 to €8,499
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €292,917 | €426,094 | +€133,176 | +45.5% |
| Fixed assets | 21/28 | €51,134 | €74,913 | +€23,778 | +46.5% |
| Tangible fixed assets | 22/27 | €51,134 | €74,913 | +€23,778 | +46.5% |
| Furniture and vehicles | 24 | €45,139 | €69,592 | +€24,452 | +54.2% |
| Other tangible fixed assets | 26 | €5,995 | €5,321 | -€674 | -11.2% |
| Current assets | 29/58 | €241,783 | €351,181 | +€109,398 | +45.2% |
| Stocks and contracts in progress | 3 | €13,498 | €89,484 | +€75,985 | +563% |
| Stocks | 30/36 | €13,498 | €26,911 | +€13,412 | +99.4% |
| Contracts in progress | 37 | - | €62,573 | +€62,573 | |
| Amounts receivable within one year | 40/41 | €170,409 | €164,397 | -€6,012 | -3.5% |
| Trade receivables | 40 | €60,129 | €103,138 | +€43,009 | +71.5% |
| Other amounts receivable | 41 | €110,281 | €61,259 | -€49,021 | -44.5% |
| Cash at bank and in hand | 54/58 | €46,821 | €84,655 | +€37,834 | +80.8% |
| Deferred charges and accrued income | 490/1 | €11,055 | €12,645 | +€1,591 | +14.4% |
| Total equity and liabilities | 10/49 | €292,917 | €426,094 | +€133,176 | +45.5% |
| Equity | 10/15 | €154,926 | €190,498 | +€35,573 | +23.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €149,926 | €185,498 | +€35,573 | +23.7% |
| Distributable reserves | 133 | €149,926 | €185,498 | +€35,573 | +23.7% |
| Amounts payable | 17/49 | €137,992 | €235,595 | +€97,603 | +70.7% |
| Amounts payable after more than one year | 17 | €33,145 | €42,527 | +€9,382 | +28.3% |
| Financial debts | 170/4 | €33,145 | €42,527 | +€9,382 | +28.3% |
| Amounts payable within one year | 42/48 | €104,576 | €193,068 | +€88,492 | +84.6% |
| Current portion of amounts payable after more than one year | 42 | €13,671 | €19,713 | +€6,042 | +44.2% |
| Financial debts | 43 | €14,929 | - | -€14,929 | |
| Credit institutions | 430/8 | €14,929 | - | -€14,929 | |
| Trade debts | 44 | €42,875 | €66,162 | +€23,287 | +54.3% |
| Suppliers | 440/4 | €42,875 | €66,162 | +€23,287 | +54.3% |
| Advances received on contracts in progress | 46 | €11,137 | €85,583 | +€74,446 | +668% |
| Taxes, remuneration and social security | 45 | €6,965 | €21,610 | +€14,645 | +210% |
| Taxes | 450/3 | €3,828 | €9,371 | +€5,543 | +145% |
| Remuneration and social security | 454/9 | €3,137 | €12,239 | +€9,103 | +290% |
| Other amounts payable | 47/48 | €15,000 | - | -€15,000 | |
| Accrued charges and deferred income | 492/3 | €270 | - | -€270 | |
| Non-recurring operating income | 76A | €1,485 | - | -€1,485 | |
| Remuneration, social security and pensions | 62 | €37,833 | €87,876 | +€50,043 | +132% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,413 | €31,222 | +€6,809 | +27.9% |
| Other operating charges | 640/8 | €2,747 | €3,654 | +€906 | +33.0% |
| Non-recurring operating charges | 66A | - | €17,035 | +€17,035 | |
| Gross operating margin | 9900 | €87,995 | €189,934 | +€101,938 | +116% |
| Operating profit (loss) | 9901 | €23,003 | €50,147 | +€27,144 | +118% |
| Financial income | 75/76B | €51 | €80 | +€29 | +56.8% |
| Recurring financial income | 75 | €51 | €80 | +€29 | +56.8% |
| Financial charges | 65/66B | €6,737 | €6,155 | -€582 | -8.6% |
| Recurring financial charges | 65 | €6,737 | €6,155 | -€582 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €16,317 | €44,072 | +€27,755 | +170% |
| Income taxes | 67/77 | €2,714 | €8,499 | +€5,785 | +213% |
| Profit (loss) for the period | 9904 | €13,602 | €35,573 | +€21,970 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €13,602 | €35,573 | +€21,970 | +162% |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.