MW Engineering: 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 Engineering
Largest movements
- Tangible fixed assets +€63,395
up €63,395 (+14.0%), from €452,182 to €515,577
of which Assets under construction and advance payments: +€78,532
- Receivables within one year -€9,994
down €9,994 (-36.4%), from €27,472 to €17,478
of which Other amounts receivable: -€6,046
- Other debts +€139,389
up €139,389 (+3,400%), from €4,099 to €143,488
- Trade debts -€46,961
down €46,961 (-77.9%), from €60,270 to €13,309
- Debts after one year -€33,080
down €33,080 (-8.4%), from €394,274 to €361,195
of which Other amounts payable: -€56,743
- Current portion of long-term debt +€13,505
up €13,505 (+58.4%), from €23,110 to €36,615
- Gross operating margin -€26,048
down €26,048 (-41.1%), from €63,318 to €37,270
- Taxes -€7,706
down €7,706 (-91.0%), from €8,467 to €761
- Financial charges -€3,184
down €3,184 (-15.2%), from €20,922 to €17,738
- Other operating charges +€2,471
up €2,471 (+97.2%), from €2,542 to €5,013
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 | €616,030 | €672,431 | +€56,401 | +9.2% |
| Fixed assets | 21/28 | €588,204 | €652,919 | +€64,715 | +11.0% |
| Tangible fixed assets | 22/27 | €452,182 | €515,577 | +€63,395 | +14.0% |
| Land and buildings | 22 | €262,805 | €249,434 | -€13,371 | -5.1% |
| Furniture and vehicles | 24 | €4,452 | €2,686 | -€1,766 | -39.7% |
| Assets under construction and advance payments | 27 | €184,925 | €263,457 | +€78,532 | +42.5% |
| Financial fixed assets | 28 | €136,022 | €137,342 | +€1,320 | +1.0% |
| Current assets | 29/58 | €27,826 | €19,512 | -€8,314 | -29.9% |
| Amounts receivable within one year | 40/41 | €27,472 | €17,478 | -€9,994 | -36.4% |
| Trade receivables | 40 | €20,020 | €16,071 | -€3,949 | -19.7% |
| Other amounts receivable | 41 | €7,452 | €1,407 | -€6,046 | -81.1% |
| Cash at bank and in hand | 54/58 | €0 | €380 | +€380 | +88,358% |
| Deferred charges and accrued income | 490/1 | €353 | €1,654 | +€1,301 | +369% |
| Total equity and liabilities | 10/49 | €616,030 | €672,431 | +€56,401 | +9.2% |
| Equity | 10/15 | €98,918 | €97,539 | -€1,379 | -1.4% |
| Contributions | 10/11 | €36,250 | €36,250 | = | 0.0% |
| Reserves | 13 | €121,760 | €121,760 | = | 0.0% |
| Distributable reserves | 133 | €121,760 | €121,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,092 | -€60,471 | -€1,379 | -2.3% |
| Amounts payable | 17/49 | €517,112 | €574,892 | +€57,780 | +11.2% |
| Amounts payable after more than one year | 17 | €394,274 | €361,195 | -€33,080 | -8.4% |
| Financial debts | 170/4 | €337,532 | €361,195 | +€23,663 | +7.0% |
| Other amounts payable | 178/9 | €56,743 | €0 | -€56,743 | -100% |
| Amounts payable within one year | 42/48 | €116,204 | €211,832 | +€95,628 | +82.3% |
| Current portion of amounts payable after more than one year | 42 | €23,110 | €36,615 | +€13,505 | +58.4% |
| Financial debts | 43 | €14,255 | €9,729 | -€4,526 | -31.8% |
| Credit institutions | 430/8 | €14,255 | €9,729 | -€4,526 | -31.8% |
| Trade debts | 44 | €60,270 | €13,309 | -€46,961 | -77.9% |
| Suppliers | 440/4 | €60,270 | €13,309 | -€46,961 | -77.9% |
| Taxes, remuneration and social security | 45 | €14,469 | €8,691 | -€5,779 | -39.9% |
| Taxes | 450/3 | €14,469 | €8,691 | -€5,779 | -39.9% |
| Other amounts payable | 47/48 | €4,099 | €143,488 | +€139,389 | +3,400% |
| Accrued charges and deferred income | 492/3 | €6,634 | €1,866 | -€4,768 | -71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,057 | €15,137 | +€80 | +0.5% |
| Other operating charges | 640/8 | €2,542 | €5,013 | +€2,471 | +97.2% |
| Non-recurring operating charges | 66A | €3,112 | - | -€3,112 | |
| Gross operating margin | 9900 | €63,318 | €37,270 | -€26,048 | -41.1% |
| Operating profit (loss) | 9901 | €42,606 | €17,119 | -€25,487 | -59.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €20,922 | €17,738 | -€3,184 | -15.2% |
| Recurring financial charges | 65 | €20,922 | €17,738 | -€3,184 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €21,686 | -€618 | -€22,304 | |
| Income taxes | 67/77 | €8,467 | €761 | -€7,706 | -91.0% |
| Profit (loss) for the period | 9904 | €13,219 | -€1,379 | -€14,598 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,219 | -€1,379 | -€14,598 |
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 13 October 2026 via checked.be.