MWK: 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.
MWK
Largest movements
- Tangible fixed assets -€12,573
down €12,573 (-22.6%), from €55,516 to €42,943
of which Furniture and vehicles: -€12,388
- Intangible fixed assets +€4,888
new in 2025: €4,888
- Receivables within one year +€4,140
up €4,140 (+31.4%), from €13,202 to €17,342
of which Trade receivables: +€6,956
- Cash +€3,936
up €3,936 (+46.9%), from €8,394 to €12,331
mainly Depreciation (+€13,563) and Net result for the year (+€6,756)
- Debts after one year -€11,238
down €11,238 (-34.1%), from €32,955 to €21,717
- Profit (loss) carried forward +€6,756
up €6,756 (+46.5%), from €14,532 to €21,289
- Tax, wage and social debts +€4,118
up €4,118 (+142%), from €2,900 to €7,018
of which Remuneration and social security: +€4,100
- Depreciation +€6,053
up €6,053 (+80.6%), from €7,510 to €13,563
- Gross operating margin -€3,462
down €3,462 (-12.5%), from €27,607 to €24,145
- Taxes -€2,077
down €2,077 (-52.4%), from €3,962 to €1,885
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 | €78,674 | €79,206 | +€532 | +0.7% |
| Fixed assets | 21/28 | €55,516 | €47,831 | -€7,685 | -13.8% |
| Intangible fixed assets | 21 | - | €4,888 | +€4,888 | |
| Tangible fixed assets | 22/27 | €55,516 | €42,943 | -€12,573 | -22.6% |
| Plant, machinery and equipment | 23 | €786 | €601 | -€185 | -23.5% |
| Furniture and vehicles | 24 | €54,730 | €42,342 | -€12,388 | -22.6% |
| Current assets | 29/58 | €23,158 | €31,375 | +€8,217 | +35.5% |
| Amounts receivable within one year | 40/41 | €13,202 | €17,342 | +€4,140 | +31.4% |
| Trade receivables | 40 | €3,579 | €10,535 | +€6,956 | +194% |
| Other amounts receivable | 41 | €9,623 | €6,807 | -€2,816 | -29.3% |
| Cash at bank and in hand | 54/58 | €8,394 | €12,331 | +€3,936 | +46.9% |
| Deferred charges and accrued income | 490/1 | €1,562 | €1,702 | +€140 | +9.0% |
| Total equity and liabilities | 10/49 | €78,674 | €79,206 | +€532 | +0.7% |
| Equity | 10/15 | €24,532 | €31,289 | +€6,756 | +27.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,532 | €21,289 | +€6,756 | +46.5% |
| Amounts payable | 17/49 | €54,142 | €47,917 | -€6,225 | -11.5% |
| Amounts payable after more than one year | 17 | €32,955 | €21,717 | -€11,238 | -34.1% |
| Financial debts | 170/4 | €32,955 | €21,717 | -€11,238 | -34.1% |
| Amounts payable within one year | 42/48 | €21,186 | €26,200 | +€5,013 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | €10,606 | €11,138 | +€532 | +5.0% |
| Trade debts | 44 | €3,163 | €2,875 | -€289 | -9.1% |
| Suppliers | 440/4 | €3,163 | €2,875 | -€289 | -9.1% |
| Taxes, remuneration and social security | 45 | €2,900 | €7,018 | +€4,118 | +142% |
| Taxes | 450/3 | €832 | €850 | +€19 | +2.2% |
| Remuneration and social security | 454/9 | €2,068 | €6,168 | +€4,100 | +198% |
| Other amounts payable | 47/48 | €4,517 | €5,169 | +€652 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,510 | €13,563 | +€6,053 | +80.6% |
| Other operating charges | 640/8 | €154 | €316 | +€162 | +105% |
| Gross operating margin | 9900 | €27,607 | €24,145 | -€3,462 | -12.5% |
| Operating profit (loss) | 9901 | €19,943 | €10,266 | -€9,677 | -48.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,449 | €1,626 | +€177 | +12.2% |
| Recurring financial charges | 65 | €1,449 | €1,626 | +€177 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €18,494 | €8,641 | -€9,853 | -53.3% |
| Income taxes | 67/77 | €3,962 | €1,885 | -€2,077 | -52.4% |
| Profit (loss) for the period | 9904 | €14,532 | €6,756 | -€7,776 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,532 | €6,756 | -€7,776 | -53.5% |
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 14 October 2026 via checked.be.