MWG - Construct: what changed
Two fiscal 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.
MWG - Construct
Largest movements
- Receivables within one year +€92,218
up €92,218 (+177.8%), from €51,864 to €144,082
of which Trade receivables: +€116,994
- Stocks and contracts -€47,475
down €47,475 (-65.1%), from €72,930 to €25,455
- Tangible fixed assets -€12,999
down €12,999 (-20.9%), from €62,242 to €49,243
of which Furniture and vehicles: -€11,505
- Deferred charges and accrued income +€4,567
new in 2024: €4,567
- Receivables after one year -€2,500
no longer reported in 2024 (was €2,500)
- Short-term financial debts +€49,896
new in 2024: €49,896
- Trade debts -€49,201
down €49,201 (-47.0%), from €104,583 to €55,382
- Other debts +€27,023
new in 2024: €27,023
- Reserves +€8,482
up €8,482 (+26.5%), from €32,000 to €40,482
- Current portion of long-term debt +€8,195
up €8,195 (+46.3%), from €17,695 to €25,890
- Staff costs -€40,683
down €40,683 (-97.2%), from €41,841 to €1,159
- Gross operating margin -€32,904
down €32,904 (-48.2%), from €68,278 to €35,373
- Depreciation +€5,388
up €5,388 (+59.0%), from €9,129 to €14,517
- Financial charges -€5,073
down €5,073 (-46.7%), from €10,869 to €5,797
- Taxes +€1,926
up €1,926 (+63.1%), from €3,051 to €4,977
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €191,853 | €228,076 | +€36,222 | +18.9% |
| Fixed assets | 21/28 | €62,242 | €49,243 | -€12,999 | -20.9% |
| Tangible fixed assets | 22/27 | €62,242 | €49,243 | -€12,999 | -20.9% |
| Plant, machinery and equipment | 23 | €14,023 | €12,795 | -€1,229 | -8.8% |
| Furniture and vehicles | 24 | €44,611 | €33,107 | -€11,505 | -25.8% |
| Other tangible fixed assets | 26 | €3,607 | €3,342 | -€265 | -7.3% |
| Current assets | 29/58 | €129,611 | €178,832 | +€49,221 | +38.0% |
| Amounts receivable after more than one year | 29 | €2,500 | - | -€2,500 | |
| Trade receivables | 290 | €2,500 | - | -€2,500 | |
| Stocks and contracts in progress | 3 | €72,930 | €25,455 | -€47,475 | -65.1% |
| Contracts in progress | 37 | €72,930 | €25,455 | -€47,475 | -65.1% |
| Amounts receivable within one year | 40/41 | €51,864 | €144,082 | +€92,218 | +177.8% |
| Trade receivables | 40 | €8,387 | €125,381 | +€116,994 | +1394.9% |
| Other amounts receivable | 41 | €43,477 | €18,701 | -€24,776 | -57.0% |
| Cash at bank and in hand | 54/58 | €2,318 | €4,729 | +€2,412 | +104.1% |
| Deferred charges and accrued income | 490/1 | - | €4,567 | +€4,567 | |
| Total equity and liabilities | 10/49 | €191,853 | €228,076 | +€36,222 | +18.9% |
| Equity | 10/15 | €39,390 | €47,872 | +€8,482 | +21.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Outside capital | 11 | €1,000 | - | -€1,000 | |
| Other | 1109/19 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €32,000 | €40,482 | +€8,482 | +26.5% |
| Distributable reserves | 133 | €32,000 | €40,482 | +€8,482 | +26.5% |
| Profit (loss) carried forward | 14 | €6,390 | €6,390 | = | 0.0% |
| Amounts payable | 17/49 | €152,464 | €180,204 | +€27,740 | +18.2% |
| Amounts payable after more than one year | 17 | €20,268 | €15,355 | -€4,913 | -24.2% |
| Financial debts | 170/4 | €20,268 | €15,355 | -€4,913 | -24.2% |
| Amounts payable within one year | 42/48 | €132,196 | €164,849 | +€32,653 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €17,695 | €25,890 | +€8,195 | +46.3% |
| Financial debts | 43 | - | €49,896 | +€49,896 | |
| Credit institutions | 430/8 | - | €49,896 | +€49,896 | |
| Trade debts | 44 | €104,583 | €55,382 | -€49,201 | -47.0% |
| Suppliers | 440/4 | €104,583 | €55,382 | -€49,201 | -47.0% |
| Taxes, remuneration and social security | 45 | €9,918 | €6,659 | -€3,259 | -32.9% |
| Taxes | 450/3 | €3,967 | €4,533 | +€566 | +14.3% |
| Remuneration and social security | 454/9 | €5,951 | €2,125 | -€3,825 | -64.3% |
| Other amounts payable | 47/48 | - | €27,023 | +€27,023 | |
| Non-recurring operating income | 76A | €31,324 | - | -€31,324 | |
| Remuneration, social security and pensions | 62 | €41,841 | €1,159 | -€40,683 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,129 | €14,517 | +€5,388 | +59.0% |
| Other operating charges | 640/8 | €2,677 | €4,127 | +€1,449 | +54.1% |
| Gross operating margin | 9900 | €68,278 | €35,373 | -€32,904 | -48.2% |
| Operating profit (loss) | 9901 | €14,630 | €15,571 | +€941 | +6.4% |
| Financial income | 75/76B | €1,233 | €3 | -€1,230 | -99.7% |
| Recurring financial income | 75 | €1,233 | €3 | -€1,230 | -99.7% |
| Financial charges | 65/66B | €10,869 | €5,797 | -€5,073 | -46.7% |
| Recurring financial charges | 65 | €10,869 | €5,797 | -€5,073 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €4,994 | €9,777 | +€4,784 | +95.8% |
| Income taxes | 67/77 | €3,051 | €4,977 | +€1,926 | +63.1% |
| Profit (loss) for the period | 9904 | €1,942 | €4,801 | +€2,858 | +147.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,942 | €4,801 | +€2,858 | +147.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.