MW FINANCE: what changed
What changed
MW FINANCE
NACE 66.191, Agents and brokers in banking services
filed annual accounts (NBB)
Net result for the year
€757,689
2024 · €301,306+€456,383
Equity
€17,595
2024 · €15,906+€1,689
Cash
-
not filed
Balance sheet total
€1.9m
2024 · €1.6m+€296,850
Largest movements
Assets
- Deferred charges and accrued income +€433,587
up €433,587 (+120%), from €360,088 to €793,675
- Intangible fixed assets -€143,455
down €143,455 (-11.8%), from €1.2m to €1.1m
Equity and liabilities
- Other debts +€455,971
up €455,971 (+152%), from €300,030 to €756,000
- Debts after one year -€99,895
down €99,895 (-10.8%), from €923,427 to €823,532
- Short-term financial debts -€74,178
down €74,178 (-38.9%), from €190,836 to €116,658
Income statement
- Gross operating margin +€458,951
up €458,951 (+47.9%), from €957,764 to €1.4m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€301,306
Gross operating margin
+€458,951
Staff costs
-€1,474
Depreciation
-€138
Other operating charges
-€326
Financial income
-€1,509
Financial charges
+€5,550
Taxes
-€4,671
Result 2025
€757,689
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,603,242 | €1,900,092 | +€296,850 | +18.5% |
| Fixed assets | 21/28 | €1,222,791 | €1,079,342 | -€143,449 | -11.7% |
| Intangible fixed assets | 21 | €1,219,953 | €1,076,498 | -€143,455 | -11.8% |
| Tangible fixed assets | 22/27 | €1,876 | €1,881 | +€5 | +0.3% |
| Plant, machinery and equipment | 23 | €943 | €381 | -€562 | -59.6% |
| Furniture and vehicles | 24 | €933 | €1,500 | +€568 | +60.9% |
| Financial fixed assets | 28 | €963 | €963 | = | 0.0% |
| Current assets | 29/58 | €380,450 | €820,750 | +€440,300 | +116% |
| Amounts receivable within one year | 40/41 | €20,362 | €27,075 | +€6,712 | +33.0% |
| Other amounts receivable | 41 | €20,362 | €27,075 | +€6,712 | +33.0% |
| Deferred charges and accrued income | 490/1 | €360,088 | €793,675 | +€433,587 | +120% |
| Total equity and liabilities | 10/49 | €1,603,242 | €1,900,092 | +€296,850 | +18.5% |
| Equity | 10/15 | €15,906 | €17,595 | +€1,689 | +10.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €5,906 | €7,595 | +€1,689 | +28.6% |
| Distributable reserves | 133 | €5,906 | €7,595 | +€1,689 | +28.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,587,336 | €1,882,497 | +€295,161 | +18.6% |
| Amounts payable after more than one year | 17 | €923,427 | €823,532 | -€99,895 | -10.8% |
| Financial debts | 170/4 | €923,427 | €823,532 | -€99,895 | -10.8% |
| Amounts payable within one year | 42/48 | €634,040 | €1,042,627 | +€408,587 | +64.4% |
| Current portion of amounts payable after more than one year | 42 | €96,497 | €103,457 | +€6,960 | +7.2% |
| Financial debts | 43 | €190,836 | €116,658 | -€74,178 | -38.9% |
| Credit institutions | 430/8 | €190,836 | €116,658 | -€74,178 | -38.9% |
| Trade debts | 44 | €4,847 | €22,905 | +€18,058 | +373% |
| Suppliers | 440/4 | €4,847 | €22,905 | +€18,058 | +373% |
| Taxes, remuneration and social security | 45 | €41,829 | €43,606 | +€1,777 | +4.2% |
| Taxes | 450/3 | €0 | €4,124 | +€4,124 | |
| Remuneration and social security | 454/9 | €41,829 | €39,482 | -€2,348 | -5.6% |
| Other amounts payable | 47/48 | €300,030 | €756,000 | +€455,971 | +152% |
| Accrued charges and deferred income | 492/3 | €29,870 | €16,339 | -€13,531 | -45.3% |
| Remuneration, social security and pensions | 62 | €455,507 | €456,980 | +€1,474 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,510 | €144,648 | +€138 | +0.1% |
| Other operating charges | 640/8 | €1,008 | €1,334 | +€326 | +32.4% |
| Gross operating margin | 9900 | €957,764 | €1,416,715 | +€458,951 | +47.9% |
| Operating profit (loss) | 9901 | €356,740 | €813,753 | +€457,013 | +128% |
| Financial income | 75/76B | €2,026 | €517 | -€1,509 | -74.5% |
| Recurring financial income | 75 | €2,026 | €517 | -€1,509 | -74.5% |
| Financial charges | 65/66B | €49,852 | €44,303 | -€5,550 | -11.1% |
| Recurring financial charges | 65 | €49,852 | €44,303 | -€5,550 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €308,913 | €769,967 | +€461,054 | +149% |
| Income taxes | 67/77 | €7,607 | €12,279 | +€4,671 | +61.4% |
| Profit (loss) for the period | 9904 | €301,306 | €757,689 | +€456,383 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €301,306 | €757,689 | +€456,383 | +151% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.