Mware: what changed
Two fiscal 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.
Mware
Largest movements
- Cash +€33,810
up €33,810 (+508.8%), from €6,646 to €40,456
mainly Net result for the year (+€22,796) and Receivables within one year (+€18,851)
- Receivables within one year -€18,851
down €18,851 (-53.4%), from €35,304 to €16,453
of which Trade receivables: -€17,053
- Tangible fixed assets +€10,168
up €10,168 (+284.9%), from €3,569 to €13,737
- Receivables after one year -€2,798
down €2,798 (-63.0%), from €4,444 to €1,646
- Profit (loss) carried forward +€22,796
up €22,796 (+74.4%), from €30,627 to €53,422
- Trade debts -€2,891
down €2,891 (-93.4%), from €3,095 to €204
- Tax, wage and social debts +€2,861
up €2,861 (+20.8%), from €13,740 to €16,601
of which Taxes: +€2,861
- Financial charges -€11,583
down €11,583 (-78.5%), from €14,756 to €3,174
of which Non-recurring financial charges: -€11,759
- Gross operating margin -€6,914
down €6,914 (-15.8%), from €43,735 to €36,821
- Taxes -€2,750
down €2,750 (-31.0%), from €8,864 to €6,114
- Depreciation +€2,517
up €2,517 (+267.0%), from €943 to €3,460
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.
Cash bridge derived
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 | €49,962 | €72,727 | +€22,765 | +45.6% |
| Fixed assets | 21/28 | €3,569 | €13,737 | +€10,168 | +284.9% |
| Tangible fixed assets | 22/27 | €3,569 | €13,737 | +€10,168 | +284.9% |
| Plant, machinery and equipment | 23 | €3,569 | €6,344 | +€2,775 | +77.7% |
| Furniture and vehicles | 24 | - | €2,462 | +€2,462 | |
| Other tangible fixed assets | 26 | - | €4,932 | +€4,932 | |
| Current assets | 29/58 | €46,393 | €58,990 | +€12,597 | +27.2% |
| Amounts receivable after more than one year | 29 | €4,444 | €1,646 | -€2,798 | -63.0% |
| Trade receivables | 290 | €4,444 | €1,646 | -€2,798 | -63.0% |
| Amounts receivable within one year | 40/41 | €35,304 | €16,453 | -€18,851 | -53.4% |
| Trade receivables | 40 | €27,832 | €10,779 | -€17,053 | -61.3% |
| Other amounts receivable | 41 | €7,472 | €5,674 | -€1,798 | -24.1% |
| Cash at bank and in hand | 54/58 | €6,646 | €40,456 | +€33,810 | +508.8% |
| Deferred charges and accrued income | 490/1 | - | €436 | +€436 | |
| Total equity and liabilities | 10/49 | €49,962 | €72,727 | +€22,765 | +45.6% |
| Equity | 10/15 | €33,127 | €55,922 | +€22,796 | +68.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,627 | €53,422 | +€22,796 | +74.4% |
| Amounts payable | 17/49 | €16,835 | €16,805 | -€30 | -0.2% |
| Amounts payable within one year | 42/48 | €16,835 | €16,805 | -€30 | -0.2% |
| Trade debts | 44 | €3,095 | €204 | -€2,891 | -93.4% |
| Suppliers | 440/4 | €3,095 | €204 | -€2,891 | -93.4% |
| Taxes, remuneration and social security | 45 | €13,740 | €16,601 | +€2,861 | +20.8% |
| Taxes | 450/3 | €13,740 | €16,601 | +€2,861 | +20.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €943 | €3,460 | +€2,517 | +267.0% |
| Other operating charges | 640/8 | €118 | €224 | +€106 | +89.5% |
| Non-recurring operating charges | 66A | - | €1,393 | +€1,393 | |
| Gross operating margin | 9900 | €43,735 | €36,821 | -€6,914 | -15.8% |
| Operating profit (loss) | 9901 | €42,674 | €31,745 | -€10,929 | -25.6% |
| Financial income | 75/76B | €34 | €338 | +€304 | +903.6% |
| Recurring financial income | 75 | €34 | €338 | +€304 | +903.6% |
| Financial charges | 65/66B | €14,756 | €3,174 | -€11,583 | -78.5% |
| Recurring financial charges | 65 | €200 | €376 | +€176 | +87.8% |
| Non-recurring financial charges | 66B | €14,556 | €2,798 | -€11,759 | -80.8% |
| Profit (loss) for the period before taxes | 9903 | €27,951 | €28,909 | +€958 | +3.4% |
| Income taxes | 67/77 | €8,864 | €6,114 | -€2,750 | -31.0% |
| Profit (loss) for the period | 9904 | €19,088 | €22,796 | +€3,708 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,088 | €22,796 | +€3,708 | +19.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.