MWB CONSTRUCT: 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.
MWB CONSTRUCT
Largest movements
- Receivables within one year -€145,503
down €145,503 (-78.1%), from €186,408 to €40,905
of which Trade receivables: -€140,595
- Stocks and contracts -€128,452
down €128,452 (-16.4%), from €785,037 to €656,585
- Cash -€43,457
down €43,457 (-44.0%), from €98,735 to €55,277
mainly Short-term financial debts (-€363,750) and Other debts (-€143,988)
- Tangible fixed assets -€43,209
down €43,209 (-96.3%), from €44,856 to €1,648
of which Plant, machinery and equipment: -€43,209
- Short-term financial debts -€363,750
down €363,750 (-72.1%), from €504,620 to €140,870
- Other debts -€143,988
down €143,988 (-24.2%), from €596,136 to €452,148
- Profit (loss) carried forward +€101,467
up €101,467 (+68.5%), from -€148,208 to -€46,741
- Advances received +€40,000
new in 2025: €40,000
- Gross operating margin +€185,792
up €185,792, from -€62,875 to €122,917
- Financial charges -€7,960
down €7,960 (-33.3%), from €23,878 to €15,918
- Depreciation -€6,526
down €6,526 (-79.4%), from €8,222 to €1,695
- Other operating charges +€1,758
up €1,758 (+310%), from €566 to €2,324
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 | €1,115,035 | €754,415 | -€360,621 | -32.3% |
| Fixed assets | 21/28 | €44,856 | €1,648 | -€43,209 | -96.3% |
| Tangible fixed assets | 22/27 | €44,856 | €1,648 | -€43,209 | -96.3% |
| Plant, machinery and equipment | 23 | €44,856 | €1,648 | -€43,209 | -96.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €1,070,179 | €752,767 | -€317,412 | -29.7% |
| Stocks and contracts in progress | 3 | €785,037 | €656,585 | -€128,452 | -16.4% |
| Stocks | 30/36 | €785,037 | €656,585 | -€128,452 | -16.4% |
| Amounts receivable within one year | 40/41 | €186,408 | €40,905 | -€145,503 | -78.1% |
| Trade receivables | 40 | €181,500 | €40,905 | -€140,595 | -77.5% |
| Other amounts receivable | 41 | €4,908 | - | -€4,908 | |
| Cash at bank and in hand | 54/58 | €98,735 | €55,277 | -€43,457 | -44.0% |
| Total equity and liabilities | 10/49 | €1,115,035 | €754,415 | -€360,621 | -32.3% |
| Equity | 10/15 | -€48,208 | €53,259 | +€101,467 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,208 | -€46,741 | +€101,467 | +68.5% |
| Amounts payable | 17/49 | €1,163,243 | €701,156 | -€462,087 | -39.7% |
| Amounts payable within one year | 42/48 | €1,154,744 | €696,359 | -€458,384 | -39.7% |
| Financial debts | 43 | €504,620 | €140,870 | -€363,750 | -72.1% |
| Credit institutions | 430/8 | €504,620 | €140,870 | -€363,750 | -72.1% |
| Trade debts | 44 | €53,988 | €63,341 | +€9,353 | +17.3% |
| Suppliers | 440/4 | €53,988 | €63,341 | +€9,353 | +17.3% |
| Advances received on contracts in progress | 46 | - | €40,000 | +€40,000 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €596,136 | €452,148 | -€143,988 | -24.2% |
| Accrued charges and deferred income | 492/3 | €8,499 | €4,796 | -€3,703 | -43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,222 | €1,695 | -€6,526 | -79.4% |
| Other operating charges | 640/8 | €566 | €2,324 | +€1,758 | +310% |
| Non-recurring operating charges | 66A | €20,885 | €1,514 | -€19,372 | -92.8% |
| Gross operating margin | 9900 | -€62,875 | €122,917 | +€185,792 | |
| Operating profit (loss) | 9901 | -€92,548 | €117,385 | +€209,932 | |
| Financial income | 75/76B | €21 | - | -€21 | |
| Recurring financial income | 75 | €21 | - | -€21 | |
| Financial charges | 65/66B | €23,878 | €15,918 | -€7,960 | -33.3% |
| Recurring financial charges | 65 | €23,878 | €15,918 | -€7,960 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | -€116,404 | €101,467 | +€217,871 | |
| Income taxes | 67/77 | €92 | - | -€92 | |
| Profit (loss) for the period | 9904 | -€116,496 | €101,467 | +€217,963 | |
| Profit (loss) for the period to be appropriated | 9905 | -€116,496 | €101,467 | +€217,963 |
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.