MW ESPACES VERTS: 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 ESPACES VERTS
Largest movements
- Stocks and contracts +€1,811
new in 2025: €1,811
- Receivables within one year -€1,272
down €1,272 (-23.3%), from €5,469 to €4,197
of which Trade receivables: -€656
- Tangible fixed assets -€630
down €630 (-14.5%), from €4,352 to €3,722
- Cash +€160
up €160 (+3.2%), from €5,033 to €5,193
mainly Other debts (+€12,639) and Tax, wage and social debts (+€3,726)
- Other debts +€12,639
up €12,639 (+875%), from €1,444 to €14,083
- Trade debts -€8,286
down €8,286 (-67.4%), from €12,291 to €4,005
- Profit (loss) carried forward -€4,331
down €4,331 (-38.8%), from -€11,152 to -€15,483
- Tax, wage and social debts +€3,726
up €3,726 (+147%), from €2,531 to €6,257
of which Taxes: +€1,926
- Current portion of long-term debt -€1,918
down €1,918 (-52.1%), from €3,679 to €1,761
- Depreciation -€12,584
down €12,584 (-86.1%), from €14,612 to €2,028
- Staff costs +€9,228
up €9,228 (+24.1%), from €38,282 to €47,510
- Gross operating margin -€7,697
down €7,697 (-14.2%), from €54,344 to €46,647
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 | €14,854 | €14,923 | +€69 | +0.5% |
| Fixed assets | 21/28 | €4,352 | €3,722 | -€630 | -14.5% |
| Tangible fixed assets | 22/27 | €4,352 | €3,722 | -€630 | -14.5% |
| Plant, machinery and equipment | 23 | €4,352 | €3,722 | -€630 | -14.5% |
| Current assets | 29/58 | €10,502 | €11,201 | +€699 | +6.7% |
| Stocks and contracts in progress | 3 | - | €1,811 | +€1,811 | |
| Stocks | 30/36 | - | €1,811 | +€1,811 | |
| Amounts receivable within one year | 40/41 | €5,469 | €4,197 | -€1,272 | -23.3% |
| Trade receivables | 40 | €4,721 | €4,065 | -€656 | -13.9% |
| Other amounts receivable | 41 | €748 | €132 | -€616 | -82.4% |
| Cash at bank and in hand | 54/58 | €5,033 | €5,193 | +€160 | +3.2% |
| Total equity and liabilities | 10/49 | €14,854 | €14,923 | +€69 | +0.5% |
| Equity | 10/15 | -€8,652 | -€12,983 | -€4,331 | -50.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,152 | -€15,483 | -€4,331 | -38.8% |
| Amounts payable | 17/49 | €23,506 | €27,906 | +€4,400 | +18.7% |
| Amounts payable after more than one year | 17 | €3,561 | €1,800 | -€1,761 | -49.5% |
| Financial debts | 170/4 | €3,561 | €1,800 | -€1,761 | -49.5% |
| Amounts payable within one year | 42/48 | €19,945 | €26,106 | +€6,161 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €3,679 | €1,761 | -€1,918 | -52.1% |
| Trade debts | 44 | €12,291 | €4,005 | -€8,286 | -67.4% |
| Suppliers | 440/4 | €12,291 | €4,005 | -€8,286 | -67.4% |
| Taxes, remuneration and social security | 45 | €2,531 | €6,257 | +€3,726 | +147% |
| Taxes | 450/3 | €2,531 | €4,457 | +€1,926 | +76.1% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €1,444 | €14,083 | +€12,639 | +875% |
| Non-recurring operating income | 76A | - | €6,755 | +€6,755 | |
| Remuneration, social security and pensions | 62 | €38,282 | €47,510 | +€9,228 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,612 | €2,028 | -€12,584 | -86.1% |
| Other operating charges | 640/8 | €1,023 | €1,234 | +€211 | +20.6% |
| Gross operating margin | 9900 | €54,344 | €46,647 | -€7,697 | -14.2% |
| Operating profit (loss) | 9901 | €427 | -€4,125 | -€4,552 | |
| Financial charges | 65/66B | €392 | €206 | -€186 | -47.4% |
| Recurring financial charges | 65 | €392 | €206 | -€186 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €35 | -€4,331 | -€4,366 | |
| Profit (loss) for the period | 9904 | €35 | -€4,331 | -€4,366 | |
| Profit (loss) for the period to be appropriated | 9905 | €35 | -€4,331 | -€4,366 |
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 24 October 2026 via checked.be.