MWCLW: 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.
MWCLW
Largest movements
- Cash -€12,315
down €12,315 (-24.0%), from €51,401 to €39,086
mainly Tax, wage and social debts (-€9,192) and Other debts (-€5,400)
- Receivables within one year -€10,010
down €10,010 (-47.7%), from €21,004 to €10,994
of which Trade receivables: -€10,530
- Tax, wage and social debts -€9,192
no longer reported in 2025 (was €9,192)
- Other debts -€5,400
down €5,400 (-28.9%), from €18,716 to €13,316
- Trade debts -€4,753
down €4,753 (-74.6%), from €6,368 to €1,615
- Profit (loss) carried forward -€3,093
down €3,093 (-9.8%), from €31,701 to €28,608
- Gross operating margin -€42,493
down €42,493, from €42,025 to -€469
- Taxes -€7,929
no longer reported in 2025 (was €7,929)
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 | €79,079 | €56,641 | -€22,438 | -28.4% |
| Fixed assets | 21/28 | €6,674 | €6,561 | -€113 | -1.7% |
| Tangible fixed assets | 22/27 | €6,674 | €6,561 | -€113 | -1.7% |
| Plant, machinery and equipment | 23 | €2,075 | €2,296 | +€222 | +10.7% |
| Furniture and vehicles | 24 | €4,599 | €4,264 | -€335 | -7.3% |
| Current assets | 29/58 | €72,405 | €50,080 | -€22,325 | -30.8% |
| Amounts receivable within one year | 40/41 | €21,004 | €10,994 | -€10,010 | -47.7% |
| Trade receivables | 40 | €21,004 | €10,474 | -€10,530 | -50.1% |
| Other amounts receivable | 41 | - | €520 | +€520 | |
| Cash at bank and in hand | 54/58 | €51,401 | €39,086 | -€12,315 | -24.0% |
| Total equity and liabilities | 10/49 | €79,079 | €56,641 | -€22,438 | -28.4% |
| Equity | 10/15 | €33,701 | €30,608 | -€3,093 | -9.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,701 | €28,608 | -€3,093 | -9.8% |
| Amounts payable | 17/49 | €45,378 | €26,033 | -€19,345 | -42.6% |
| Amounts payable within one year | 42/48 | €45,378 | €26,033 | -€19,345 | -42.6% |
| Trade debts | 44 | €6,368 | €1,615 | -€4,753 | -74.6% |
| Suppliers | 440/4 | €6,368 | €1,615 | -€4,753 | -74.6% |
| Advances received on contracts in progress | 46 | €11,103 | €11,103 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,192 | - | -€9,192 | |
| Taxes | 450/3 | €9,192 | - | -€9,192 | |
| Other amounts payable | 47/48 | €18,716 | €13,316 | -€5,400 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,179 | €2,439 | +€260 | +12.0% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €42,025 | -€469 | -€42,493 | |
| Operating profit (loss) | 9901 | €39,784 | -€2,970 | -€42,754 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €154 | €123 | -€30 | -19.8% |
| Recurring financial charges | 65 | €154 | €123 | -€30 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €39,630 | -€3,093 | -€42,723 | |
| Income taxes | 67/77 | €7,929 | - | -€7,929 | |
| Profit (loss) for the period | 9904 | €31,701 | -€3,093 | -€34,794 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,701 | -€3,093 | -€34,794 |
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 10 October 2026 via checked.be.