MWD MAINTENANCE: 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.
MWD MAINTENANCE
Largest movements
- Receivables within one year -€58,597
down €58,597 (-17.3%), from €338,685 to €280,088
of which Trade receivables: -€56,531
- Cash -€28,808
down €28,808 (-92.4%), from €31,187 to €2,379
mainly Trade debts (-€56,058) and Tax, wage and social debts (-€11,841)
- Stocks and contracts +€10,699
up €10,699 (+88.6%), from €12,075 to €22,774
- Trade debts -€56,058
down €56,058 (-77.9%), from €71,986 to €15,928
- Tax, wage and social debts -€11,841
down €11,841 (-64.6%), from €18,338 to €6,497
of which Remuneration and social security: -€8,881
- Profit (loss) carried forward -€9,628
down €9,628 (-7.8%), from €123,558 to €113,930
- Purchases and services -€73,678
no longer reported in 2025 (was €73,678)
- Gross operating margin +€18,048
up €18,048 (+638%), from €2,830 to €20,878
- Depreciation -€5,667
no longer reported in 2025 (was €5,667)
- Staff costs +€5,542
up €5,542 (+29.2%), from €18,998 to €24,540
- Other operating charges +€2,558
up €2,558 (+508%), from €503 to €3,061
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 | €386,130 | €309,424 | -€76,706 | -19.9% |
| Fixed assets | 21/28 | €4,183 | €4,183 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €4,183 | €4,183 | = | 0.0% |
| Current assets | 29/58 | €381,947 | €305,241 | -€76,706 | -20.1% |
| Stocks and contracts in progress | 3 | €12,075 | €22,774 | +€10,699 | +88.6% |
| Stocks | 30/36 | €12,075 | €22,774 | +€10,699 | +88.6% |
| Amounts receivable within one year | 40/41 | €338,685 | €280,088 | -€58,597 | -17.3% |
| Trade receivables | 40 | €336,082 | €279,552 | -€56,531 | -16.8% |
| Other amounts receivable | 41 | €2,603 | €536 | -€2,067 | -79.4% |
| Cash at bank and in hand | 54/58 | €31,187 | €2,379 | -€28,808 | -92.4% |
| Total equity and liabilities | 10/49 | €386,130 | €309,424 | -€76,706 | -19.9% |
| Equity | 10/15 | €292,813 | €283,185 | -€9,628 | -3.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €156,855 | €156,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €155,000 | €155,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,558 | €113,930 | -€9,628 | -7.8% |
| Amounts payable | 17/49 | €93,317 | €26,239 | -€67,078 | -71.9% |
| Amounts payable within one year | 42/48 | €93,317 | €26,239 | -€67,078 | -71.9% |
| Trade debts | 44 | €71,986 | €15,928 | -€56,058 | -77.9% |
| Suppliers | 440/4 | €71,986 | €15,928 | -€56,058 | -77.9% |
| Taxes, remuneration and social security | 45 | €18,338 | €6,497 | -€11,841 | -64.6% |
| Taxes | 450/3 | €7,426 | €4,466 | -€2,960 | -39.9% |
| Remuneration and social security | 454/9 | €10,912 | €2,032 | -€8,881 | -81.4% |
| Other amounts payable | 47/48 | €2,992 | €3,813 | +€821 | +27.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €73,678 | - | -€73,678 | |
| Remuneration, social security and pensions | 62 | €18,998 | €24,540 | +€5,542 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,667 | - | -€5,667 | |
| Other operating charges | 640/8 | €503 | €3,061 | +€2,558 | +508% |
| Gross operating margin | 9900 | €2,830 | €20,878 | +€18,048 | +638% |
| Operating profit (loss) | 9901 | -€22,338 | -€6,723 | +€15,614 | +69.9% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €452 | €708 | +€256 | +56.5% |
| Recurring financial charges | 65 | €452 | €708 | +€256 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,790 | -€7,428 | +€15,362 | +67.4% |
| Profit (loss) for the period | 9904 | -€22,790 | -€7,428 | +€15,362 | +67.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,790 | -€7,428 | +€15,362 | +67.4% |
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 27 October 2026 via checked.be.