MW Management & Services: what changed
MW Management & Services
Largest movements
- Receivables within one year +€69,247
up €69,247 (+57.6%), from €120,283 to €189,530
of which Trade receivables: +€69,490
- Cash +€8,298
up €8,298 (+203%), from €4,087 to €12,385
mainly Net result for the year (+€64,735) and Tax, wage and social debts (+€41,570)
- Reserves +€64,735
up €64,735 (+197%), from €32,845 to €97,580
- Tax, wage and social debts +€41,570
up €41,570 (+133%), from €31,324 to €72,895
of which Taxes: +€29,365
- Trade debts -€32,195
down €32,195 (-47.2%), from €68,202 to €36,006
- Gross operating margin +€37,327
up €37,327 (+26.4%), from €141,591 to €178,918
- Staff costs -€15,342
down €15,342 (-14.1%), from €108,807 to €93,466
- Taxes +€10,693
up €10,693 (+139%), from €7,700 to €18,393
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,878 | €212,866 | +€75,987 | +55.5% |
| Fixed assets | 21/28 | €12,509 | €10,951 | -€1,558 | -12.5% |
| Tangible fixed assets | 22/27 | €12,334 | €10,776 | -€1,558 | -12.6% |
| Furniture and vehicles | 24 | €12,334 | €10,776 | -€1,558 | -12.6% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €124,369 | €201,915 | +€77,545 | +62.4% |
| Amounts receivable within one year | 40/41 | €120,283 | €189,530 | +€69,247 | +57.6% |
| Trade receivables | 40 | €120,039 | €189,529 | +€69,490 | +57.9% |
| Other amounts receivable | 41 | €244 | €1 | -€243 | -99.5% |
| Cash at bank and in hand | 54/58 | €4,087 | €12,385 | +€8,298 | +203% |
| Total equity and liabilities | 10/49 | €136,878 | €212,866 | +€75,987 | +55.5% |
| Equity | 10/15 | €35,845 | €100,580 | +€64,735 | +181% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,845 | €97,580 | +€64,735 | +197% |
| Distributable reserves | 133 | €32,845 | €97,580 | +€64,735 | +197% |
| Amounts payable | 17/49 | €101,033 | €112,286 | +€11,253 | +11.1% |
| Amounts payable within one year | 42/48 | €101,033 | €112,286 | +€11,253 | +11.1% |
| Trade debts | 44 | €68,202 | €36,006 | -€32,195 | -47.2% |
| Suppliers | 440/4 | €68,202 | €36,006 | -€32,195 | -47.2% |
| Taxes, remuneration and social security | 45 | €31,324 | €72,895 | +€41,570 | +133% |
| Taxes | 450/3 | €17,245 | €46,610 | +€29,365 | +170% |
| Remuneration and social security | 454/9 | €14,079 | €26,285 | +€12,205 | +86.7% |
| Other amounts payable | 47/48 | €1,507 | €3,385 | +€1,878 | +125% |
| Remuneration, social security and pensions | 62 | €108,807 | €93,466 | -€15,342 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,558 | €1,558 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €737 | +€353 | +91.8% |
| Gross operating margin | 9900 | €141,591 | €178,918 | +€37,327 | +26.4% |
| Operating profit (loss) | 9901 | €30,841 | €83,157 | +€52,316 | +170% |
| Financial charges | 65/66B | €31 | €30 | -€1 | -4.0% |
| Recurring financial charges | 65 | €31 | €30 | -€1 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €30,810 | €83,127 | +€52,317 | +170% |
| Income taxes | 67/77 | €7,700 | €18,393 | +€10,693 | +139% |
| Profit (loss) for the period | 9904 | €23,110 | €64,735 | +€41,625 | +180% |
| Profit (loss) for the period to be appropriated | 9905 | €23,110 | €64,735 | +€41,625 | +180% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.