MWB TRADING: 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 TRADING
Largest movements
- Stocks and contracts -€72,480
down €72,480 (-33.4%), from €216,682 to €144,202
- Receivables within one year +€54,933
up €54,933 (+851%), from €6,458 to €61,391
- Cash +€12,435
up €12,435 (+40.3%), from €30,857 to €43,292
mainly Stocks and contracts (+€72,480) and Debts after one year (+€55,691)
- Deferred charges and accrued income +€11,003
new in 2025: €11,003
- Tangible fixed assets -€3,466
down €3,466 (-22.4%), from €15,464 to €11,998
- Debts after one year +€55,691
up €55,691 (+223%), from €25,000 to €80,691
of which Other amounts payable: +€50,000
- Trade debts -€36,593
down €36,593 (-24.0%), from €152,663 to €116,070
- Profit (loss) carried forward -€14,727
down €14,727 (-236%), from -€6,249 to -€20,976
- Other debts -€5,198
down €5,198 (-6.7%), from €77,497 to €72,299
- Current portion of long-term debt +€3,251
new in 2025: €3,251
- Gross operating margin -€6,628
down €6,628 (-262%), from -€2,534 to -€9,162
- Depreciation +€1,600
up €1,600 (+85.8%), from €1,866 to €3,466
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 | €269,461 | €271,885 | +€2,425 | +0.9% |
| Fixed assets | 21/28 | €15,464 | €11,998 | -€3,466 | -22.4% |
| Tangible fixed assets | 22/27 | €15,464 | €11,998 | -€3,466 | -22.4% |
| Plant, machinery and equipment | 23 | €15,464 | €11,998 | -€3,466 | -22.4% |
| Current assets | 29/58 | €253,997 | €259,887 | +€5,890 | +2.3% |
| Stocks and contracts in progress | 3 | €216,682 | €144,202 | -€72,480 | -33.4% |
| Stocks | 30/36 | €216,682 | €144,202 | -€72,480 | -33.4% |
| Amounts receivable within one year | 40/41 | €6,458 | €61,391 | +€54,933 | +851% |
| Other amounts receivable | 41 | €6,458 | €61,391 | +€54,933 | +851% |
| Cash at bank and in hand | 54/58 | €30,857 | €43,292 | +€12,435 | +40.3% |
| Deferred charges and accrued income | 490/1 | - | €11,003 | +€11,003 | |
| Total equity and liabilities | 10/49 | €269,461 | €271,885 | +€2,425 | +0.9% |
| Equity | 10/15 | €14,301 | -€426 | -€14,727 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,550 | €17,550 | = | 0.0% |
| Distributable reserves | 133 | €17,550 | €17,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,249 | -€20,976 | -€14,727 | -236% |
| Amounts payable | 17/49 | €255,160 | €272,311 | +€17,151 | +6.7% |
| Amounts payable after more than one year | 17 | €25,000 | €80,691 | +€55,691 | +223% |
| Financial debts | 170/4 | - | €5,691 | +€5,691 | |
| Other amounts payable | 178/9 | €25,000 | €75,000 | +€50,000 | +200% |
| Amounts payable within one year | 42/48 | €230,160 | €191,620 | -€38,540 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | - | €3,251 | +€3,251 | |
| Trade debts | 44 | €152,663 | €116,070 | -€36,593 | -24.0% |
| Suppliers | 440/4 | €152,663 | €116,070 | -€36,593 | -24.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €77,497 | €72,299 | -€5,198 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,866 | €3,466 | +€1,600 | +85.8% |
| Other operating charges | 640/8 | €1,462 | €1,513 | +€52 | +3.5% |
| Gross operating margin | 9900 | -€2,534 | -€9,162 | -€6,628 | -262% |
| Operating profit (loss) | 9901 | -€5,861 | -€14,141 | -€8,280 | -141% |
| Financial income | 75/76B | €50 | €60 | +€10 | +20.0% |
| Recurring financial income | 75 | €50 | €60 | +€10 | +20.0% |
| Financial charges | 65/66B | €599 | €645 | +€46 | +7.7% |
| Recurring financial charges | 65 | €599 | €645 | +€46 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,410 | -€14,727 | -€8,317 | -130% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€6,410 | -€14,727 | -€8,317 | -130% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,410 | -€14,727 | -€8,317 | -130% |
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 29 October 2026 via checked.be.