MW KIN: 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 KIN
Largest movements
- Cash +€33,345
up €33,345 (+40.2%), from €82,899 to €116,243
mainly Net result for the year (+€57,538) and Tax, wage and social debts (+€7,541)
- Receivables within one year +€11,544
new in 2025: €11,544
- Tangible fixed assets +€4,562
new in 2025: €4,562
of which Furniture and vehicles: +€2,793
- Reserves +€57,538
up €57,538 (+115%), from €50,200 to €107,738
- Trade debts -€8,755
down €8,755 (-96.5%), from €9,068 to €313
- Tax, wage and social debts +€7,541
up €7,541 (+64.1%), from €11,758 to €19,298
of which Taxes: +€5,541
- Other debts -€6,873
no longer reported in 2025 (was €6,873)
- Gross operating margin +€31,369
up €31,369 (+73.8%), from €42,478 to €73,848
- Taxes +€2,748
up €2,748 (+24.4%), from €11,258 to €14,006
- Other operating charges +€1,951
new in 2025: €1,951
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 | €82,899 | €132,349 | +€49,451 | +59.7% |
| Fixed assets | 21/28 | - | €4,562 | +€4,562 | |
| Tangible fixed assets | 22/27 | - | €4,562 | +€4,562 | |
| Furniture and vehicles | 24 | - | €2,793 | +€2,793 | |
| Other tangible fixed assets | 26 | - | €1,769 | +€1,769 | |
| Current assets | 29/58 | €82,899 | €127,787 | +€44,888 | +54.1% |
| Amounts receivable within one year | 40/41 | - | €11,544 | +€11,544 | |
| Other amounts receivable | 41 | - | €11,544 | +€11,544 | |
| Cash at bank and in hand | 54/58 | €82,899 | €116,243 | +€33,345 | +40.2% |
| Total equity and liabilities | 10/49 | €82,899 | €132,349 | +€49,451 | +59.7% |
| Equity | 10/15 | €55,200 | €112,738 | +€57,538 | +104% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €50,200 | €107,738 | +€57,538 | +115% |
| Distributable reserves | 133 | €50,200 | €107,738 | +€57,538 | +115% |
| Amounts payable | 17/49 | €27,699 | €19,612 | -€8,087 | -29.2% |
| Amounts payable within one year | 42/48 | €27,699 | €19,612 | -€8,087 | -29.2% |
| Trade debts | 44 | €9,068 | €313 | -€8,755 | -96.5% |
| Suppliers | 440/4 | €9,068 | €313 | -€8,755 | -96.5% |
| Taxes, remuneration and social security | 45 | €11,758 | €19,298 | +€7,541 | +64.1% |
| Taxes | 450/3 | €11,258 | €16,798 | +€5,541 | +49.2% |
| Remuneration and social security | 454/9 | €500 | €2,500 | +€2,000 | +400% |
| Other amounts payable | 47/48 | €6,873 | - | -€6,873 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €683 | +€683 | |
| Other operating charges | 640/8 | - | €1,951 | +€1,951 | |
| Gross operating margin | 9900 | €42,478 | €73,848 | +€31,369 | +73.8% |
| Operating profit (loss) | 9901 | €42,478 | €71,214 | +€28,735 | +67.6% |
| Financial income | 75/76B | - | €609 | +€609 | |
| Recurring financial income | 75 | - | €609 | +€609 | |
| Financial charges | 65/66B | €102 | €279 | +€177 | +173% |
| Recurring financial charges | 65 | €102 | €279 | +€177 | +173% |
| Profit (loss) for the period before taxes | 9903 | €42,376 | €71,544 | +€29,168 | +68.8% |
| Income taxes | 67/77 | €11,258 | €14,006 | +€2,748 | +24.4% |
| Profit (loss) for the period | 9904 | €31,118 | €57,538 | +€26,420 | +84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,118 | €57,538 | +€26,420 | +84.9% |
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 14 October 2026 via checked.be.