MW Management: 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 Management
Largest movements
- Current investments +€68,241
new in 2025: €68,241
- Tangible fixed assets +€17,061
up €17,061 (+58.4%), from €29,236 to €46,297
of which Other tangible fixed assets: +€22,474
- Receivables within one year +€7,499
up €7,499 (+577%), from €1,299 to €8,798
of which Trade receivables: +€7,145
- Cash +€5,876
up €5,876 (+9.0%), from €65,469 to €71,345
mainly Net result for the year (+€83,370) and Tax, wage and social debts (+€11,329)
- Profit (loss) carried forward +€83,370
up €83,370 (+138%), from €60,220 to €143,590
- Tax, wage and social debts +€11,329
up €11,329 (+37.1%), from €30,550 to €41,879
- Other debts +€3,000
up €3,000, from €0 to €3,000
- Gross operating margin +€41,089
up €41,089 (+49.8%), from €82,491 to €123,581
- Taxes +€13,693
up €13,693 (+81.6%), from €16,771 to €30,464
- Depreciation +€3,115
up €3,115 (+102%), from €3,057 to €6,172
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 | €96,004 | €194,681 | +€98,676 | +103% |
| Fixed assets | 21/28 | €29,236 | €46,297 | +€17,061 | +58.4% |
| Tangible fixed assets | 22/27 | €29,236 | €46,297 | +€17,061 | +58.4% |
| Furniture and vehicles | 24 | €28,233 | €22,820 | -€5,414 | -19.2% |
| Other tangible fixed assets | 26 | €1,002 | €23,477 | +€22,474 | +2,242% |
| Current assets | 29/58 | €66,768 | €148,384 | +€81,616 | +122% |
| Amounts receivable within one year | 40/41 | €1,299 | €8,798 | +€7,499 | +577% |
| Trade receivables | 40 | €0 | €7,145 | +€7,145 | |
| Other amounts receivable | 41 | €1,299 | €1,653 | +€353 | +27.2% |
| Current investments | 50/53 | - | €68,241 | +€68,241 | |
| Cash at bank and in hand | 54/58 | €65,469 | €71,345 | +€5,876 | +9.0% |
| Total equity and liabilities | 10/49 | €96,004 | €194,681 | +€98,676 | +103% |
| Equity | 10/15 | €65,220 | €148,590 | +€83,370 | +128% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,220 | €143,590 | +€83,370 | +138% |
| Amounts payable | 17/49 | €30,784 | €46,091 | +€15,307 | +49.7% |
| Amounts payable within one year | 42/48 | €30,784 | €46,091 | +€15,307 | +49.7% |
| Trade debts | 44 | €234 | €1,212 | +€978 | +418% |
| Suppliers | 440/4 | €234 | €1,212 | +€978 | +418% |
| Taxes, remuneration and social security | 45 | €30,550 | €41,879 | +€11,329 | +37.1% |
| Taxes | 450/3 | €30,550 | €41,879 | +€11,329 | +37.1% |
| Other amounts payable | 47/48 | €0 | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,057 | €6,172 | +€3,115 | +102% |
| Other operating charges | 640/8 | €517 | €481 | -€36 | -6.9% |
| Gross operating margin | 9900 | €82,491 | €123,581 | +€41,089 | +49.8% |
| Operating profit (loss) | 9901 | €78,918 | €116,928 | +€38,010 | +48.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €3,245 | €3,094 | -€151 | -4.6% |
| Recurring financial charges | 65 | €3,245 | €3,094 | -€151 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €75,673 | €113,834 | +€38,161 | +50.4% |
| Income taxes | 67/77 | €16,771 | €30,464 | +€13,693 | +81.6% |
| Profit (loss) for the period | 9904 | €58,902 | €83,370 | +€24,468 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,902 | €83,370 | +€24,468 | +41.5% |
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 17 October 2026 via checked.be.