MWCP: 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.
MWCP
Largest movements
- Financial fixed assets +€17,934
up €17,934 (+72.5%), from €24,749 to €42,683
- Cash -€2,636
down €2,636 (-45.7%), from €5,768 to €3,132
mainly Investment in fixed assets (net) (-€19,849)
- Tangible fixed assets +€1,124
up €1,124 (+101.6%), from €1,106 to €2,229
of which Plant, machinery and equipment: +€1,607
- Receivables within one year -€1,119
down €1,119 (-73.6%), from €1,520 to €401
of which Trade receivables: -€1,516
- Profit (loss) carried forward +€15,182
up €15,182 (+68.3%), from €22,214 to €37,396
- Gross operating margin -€10,284
down €10,284 (-33.2%), from €30,989 to €20,706
- Financial income +€1,076
up €1,076 (+143.1%), from €752 to €1,827
- Taxes +€522
up €522 (+11.5%), from €4,522 to €5,044
- Depreciation +€447
up €447 (+129.8%), from €344 to €791
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 | €33,143 | €48,446 | +€15,303 | +46.2% |
| Fixed assets | 21/28 | €25,855 | €44,913 | +€19,057 | +73.7% |
| Tangible fixed assets | 22/27 | €1,106 | €2,229 | +€1,124 | +101.6% |
| Plant, machinery and equipment | 23 | - | €1,607 | +€1,607 | |
| Furniture and vehicles | 24 | €1,106 | €622 | -€483 | -43.7% |
| Financial fixed assets | 28 | €24,749 | €42,683 | +€17,934 | +72.5% |
| Current assets | 29/58 | €7,288 | €3,533 | -€3,755 | -51.5% |
| Amounts receivable within one year | 40/41 | €1,520 | €401 | -€1,119 | -73.6% |
| Trade receivables | 40 | €1,516 | €0 | -€1,516 | -100.0% |
| Other amounts receivable | 41 | €4 | €401 | +€397 | +9436.3% |
| Cash at bank and in hand | 54/58 | €5,768 | €3,132 | -€2,636 | -45.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €33,143 | €48,446 | +€15,303 | +46.2% |
| Equity | 10/15 | €27,214 | €42,396 | +€15,182 | +55.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,214 | €37,396 | +€15,182 | +68.3% |
| Amounts payable | 17/49 | €5,929 | €6,050 | +€121 | +2.0% |
| Amounts payable within one year | 42/48 | €5,929 | €6,050 | +€121 | +2.0% |
| Trade debts | 44 | €1,331 | €1,439 | +€108 | +8.1% |
| Suppliers | 440/4 | €1,331 | €1,439 | +€108 | +8.1% |
| Taxes, remuneration and social security | 45 | €4,598 | €4,611 | +€13 | +0.3% |
| Taxes | 450/3 | €4,598 | €4,611 | +€13 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €344 | €791 | +€447 | +129.8% |
| Other operating charges | 640/8 | €950 | €784 | -€166 | -17.5% |
| Gross operating margin | 9900 | €30,989 | €20,706 | -€10,284 | -33.2% |
| Operating profit (loss) | 9901 | €29,695 | €19,131 | -€10,564 | -35.6% |
| Financial income | 75/76B | €752 | €1,827 | +€1,076 | +143.1% |
| Recurring financial income | 75 | €752 | €1,827 | +€1,076 | +143.1% |
| Financial charges | 65/66B | €812 | €732 | -€79 | -9.8% |
| Recurring financial charges | 65 | €812 | €732 | -€79 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €29,635 | €20,226 | -€9,409 | -31.8% |
| Income taxes | 67/77 | €4,522 | €5,044 | +€522 | +11.5% |
| Profit (loss) for the period | 9904 | €25,113 | €15,182 | -€9,931 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,113 | €15,182 | -€9,931 | -39.5% |
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 12 October 2026 via checked.be.