MW PARTNERS: 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 PARTNERS
Largest movements
- Cash +€16,752
up €16,752 (+51.0%), from €32,868 to €49,620
mainly Trade debts (+€37,568) and Receivables within one year (+€3,237)
- Receivables within one year -€3,237
down €3,237 (-14.8%), from €21,902 to €18,665
of which Trade receivables: -€8,097
- Financial fixed assets +€2,949
up €2,949 (+59.0%), from €5,000 to €7,949
- Trade debts +€37,568
up €37,568 (+297%), from €12,652 to €50,221
- Tax, wage and social debts -€23,240
down €23,240 (-45.0%), from €51,689 to €28,450
of which Remuneration and social security: -€20,578
- Profit (loss) carried forward +€1,613
up €1,613 (+10.4%), from -€15,571 to -€13,958
- Turnover +€207,505
up €207,505 (+88.9%), from €233,336 to €440,841
- Purchases and services +€167,154
up €167,154 (+101%), from €165,760 to €332,914
- Gross operating margin +€52,271
up €52,271 (+77.4%), from €67,576 to €119,847
- Staff costs +€19,931
up €19,931 (+21.0%), from €94,763 to €114,694
- Financial income -€13,989
down €13,989 (-93.0%), from €15,037 to €1,048
of which Non-recurring financial income: -€13,890
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 | €59,771 | €76,234 | +€16,464 | +27.5% |
| Fixed assets | 21/28 | €5,000 | €7,949 | +€2,949 | +59.0% |
| Financial fixed assets | 28 | €5,000 | €7,949 | +€2,949 | +59.0% |
| Current assets | 29/58 | €54,771 | €68,285 | +€13,515 | +24.7% |
| Amounts receivable within one year | 40/41 | €21,902 | €18,665 | -€3,237 | -14.8% |
| Trade receivables | 40 | €17,744 | €9,647 | -€8,097 | -45.6% |
| Other amounts receivable | 41 | €4,158 | €9,019 | +€4,860 | +117% |
| Cash at bank and in hand | 54/58 | €32,868 | €49,620 | +€16,752 | +51.0% |
| Total equity and liabilities | 10/49 | €59,771 | €76,234 | +€16,464 | +27.5% |
| Equity | 10/15 | -€9,571 | -€7,958 | +€1,613 | +16.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,571 | -€13,958 | +€1,613 | +10.4% |
| Amounts payable | 17/49 | €69,342 | €84,192 | +€14,851 | +21.4% |
| Amounts payable after more than one year | 17 | €5,000 | €5,000 | = | 0.0% |
| Financial debts | 170/4 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,342 | €79,192 | +€14,851 | +23.1% |
| Trade debts | 44 | €12,652 | €50,221 | +€37,568 | +297% |
| Suppliers | 440/4 | €12,652 | €50,221 | +€37,568 | +297% |
| Taxes, remuneration and social security | 45 | €51,689 | €28,450 | -€23,240 | -45.0% |
| Taxes | 450/3 | €22,202 | €19,541 | -€2,661 | -12.0% |
| Remuneration and social security | 454/9 | €29,487 | €8,909 | -€20,578 | -69.8% |
| Other amounts payable | 47/48 | - | €522 | +€522 | |
| Turnover | 70 | €233,336 | €440,841 | +€207,505 | +88.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €165,760 | €332,914 | +€167,154 | +101% |
| Remuneration, social security and pensions | 62 | €94,763 | €114,694 | +€19,931 | +21.0% |
| Other operating charges | 640/8 | €7,266 | €750 | -€6,515 | -89.7% |
| Non-recurring operating charges | 66A | - | €1,830 | +€1,830 | |
| Gross operating margin | 9900 | €67,576 | €119,847 | +€52,271 | +77.4% |
| Operating profit (loss) | 9901 | -€34,453 | €2,573 | +€37,026 | |
| Financial income | 75/76B | €15,037 | €1,048 | -€13,989 | -93.0% |
| Recurring financial income | 75 | €100 | €0 | -€99 | -99.7% |
| Non-recurring financial income | 76B | €14,937 | €1,047 | -€13,890 | -93.0% |
| Financial charges | 65/66B | €4,255 | €2,007 | -€2,248 | -52.8% |
| Recurring financial charges | 65 | €1,186 | €2,007 | +€822 | +69.3% |
| Non-recurring financial charges | 66B | €3,069 | - | -€3,069 | |
| Profit (loss) for the period before taxes | 9903 | -€23,671 | €1,613 | +€25,284 | |
| Profit (loss) for the period | 9904 | -€23,671 | €1,613 | +€25,284 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,671 | €1,613 | +€25,284 |
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 20 October 2026 via checked.be.