MWINT: 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.
MWINT
Largest movements
- Cash +€74,273
up €74,273 (+103.3%), from €71,868 to €146,141
mainly Current investments (+€40,774) and Net result for the year (+€33,646)
- Current investments -€40,774
down €40,774 (-22.4%), from €182,212 to €141,439
- Tangible fixed assets -€9,561
down €9,561 (-34.8%), from €27,441 to €17,880
- Reserves +€33,646
up €33,646 (+19.7%), from €170,497 to €204,143
- Current portion of long-term debt -€10,693
down €10,693 (-100.0%), from €10,693 to €0
- Gross operating margin +€33,511
up €33,511 (+147.9%), from €22,652 to €56,163
- Taxes +€9,795
up €9,795 (+264.5%), from €3,703 to €13,498
- Financial income +€1,428
up €1,428 (+102.4%), from €1,394 to €2,822
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 | €298,109 | €321,204 | +€23,096 | +7.7% |
| Fixed assets | 21/28 | €27,445 | €17,885 | -€9,561 | -34.8% |
| Tangible fixed assets | 22/27 | €27,441 | €17,880 | -€9,561 | -34.8% |
| Furniture and vehicles | 24 | €27,441 | €17,880 | -€9,561 | -34.8% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €270,663 | €303,320 | +€32,657 | +12.1% |
| Amounts receivable within one year | 40/41 | €16,583 | €15,039 | -€1,544 | -9.3% |
| Trade receivables | 40 | €6,486 | €13,591 | +€7,105 | +109.6% |
| Other amounts receivable | 41 | €10,097 | €1,448 | -€8,649 | -85.7% |
| Current investments | 50/53 | €182,212 | €141,439 | -€40,774 | -22.4% |
| Cash at bank and in hand | 54/58 | €71,868 | €146,141 | +€74,273 | +103.3% |
| Deferred charges and accrued income | 490/1 | €0 | €701 | +€701 | |
| Total equity and liabilities | 10/49 | €298,109 | €321,204 | +€23,096 | +7.7% |
| Equity | 10/15 | €264,487 | €298,133 | +€33,646 | +12.7% |
| Contributions | 10/11 | €93,990 | €93,990 | = | 0.0% |
| Reserves | 13 | €170,497 | €204,143 | +€33,646 | +19.7% |
| Distributable reserves | 133 | €170,497 | €204,143 | +€33,646 | +19.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €33,621 | €23,071 | -€10,550 | -31.4% |
| Amounts payable after more than one year | 17 | €6,000 | €6,000 | = | 0.0% |
| Financial debts | 170/4 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,280 | €15,859 | -€9,421 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | €10,693 | €0 | -€10,693 | -100.0% |
| Trade debts | 44 | €733 | €2,898 | +€2,165 | +295.4% |
| Suppliers | 440/4 | €733 | €2,898 | +€2,165 | +295.4% |
| Taxes, remuneration and social security | 45 | €2,890 | €3,115 | +€225 | +7.8% |
| Taxes | 450/3 | €2,890 | €3,115 | +€225 | +7.8% |
| Other amounts payable | 47/48 | €10,964 | €9,846 | -€1,119 | -10.2% |
| Accrued charges and deferred income | 492/3 | €2,341 | €1,212 | -€1,129 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,748 | €9,561 | -€187 | -1.9% |
| Other operating charges | 640/8 | €985 | €982 | -€3 | -0.3% |
| Gross operating margin | 9900 | €22,652 | €56,163 | +€33,511 | +147.9% |
| Operating profit (loss) | 9901 | €11,920 | €45,621 | +€33,701 | +282.7% |
| Financial income | 75/76B | €1,394 | €2,822 | +€1,428 | +102.4% |
| Recurring financial income | 75 | €1,394 | €2,822 | +€1,428 | +102.4% |
| Financial charges | 65/66B | €1,442 | €1,299 | -€143 | -9.9% |
| Recurring financial charges | 65 | €1,442 | €1,299 | -€143 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €11,872 | €47,143 | +€35,272 | +297.1% |
| Income taxes | 67/77 | €3,703 | €13,498 | +€9,795 | +264.5% |
| Profit (loss) for the period | 9904 | €8,169 | €33,646 | +€25,477 | +311.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,169 | €33,646 | +€25,477 | +311.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.