MWLM: 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.
MWLM
Largest movements
- Cash +€2,550
up €2,550 (+104.0%), from €2,452 to €5,003
mainly Receivables within one year (+€1,532) and Trade debts (+€1,408)
- Receivables within one year -€1,532
down €1,532 (-3.7%), from €41,140 to €39,608
of which Trade receivables: -€2,720
- Trade debts +€1,408
up €1,408 (+5.4%), from €25,991 to €27,399
- Other debts -€546
down €546 (-100.0%), from €546 to €0
- Reserves +€536
up €536 (+5.8%), from €9,228 to €9,764
- Gross operating margin -€5,758
down €5,758 (-78.5%), from €7,332 to €1,574
- Taxes -€1,979
down €1,979 (-81.4%), from €2,433 to €454
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 | €43,592 | €44,611 | +€1,018 | +2.3% |
| Current assets | 29/58 | €43,592 | €44,611 | +€1,018 | +2.3% |
| Amounts receivable within one year | 40/41 | €41,140 | €39,608 | -€1,532 | -3.7% |
| Trade receivables | 40 | €41,034 | €38,314 | -€2,720 | -6.6% |
| Other amounts receivable | 41 | €106 | €1,294 | +€1,188 | +1117.5% |
| Cash at bank and in hand | 54/58 | €2,452 | €5,003 | +€2,550 | +104.0% |
| Total equity and liabilities | 10/49 | €43,592 | €44,611 | +€1,018 | +2.3% |
| Equity | 10/15 | €14,228 | €14,764 | +€536 | +3.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,228 | €9,764 | +€536 | +5.8% |
| Distributable reserves | 133 | €9,228 | €9,764 | +€536 | +5.8% |
| Amounts payable | 17/49 | €29,364 | €29,846 | +€483 | +1.6% |
| Amounts payable within one year | 42/48 | €29,364 | €29,846 | +€483 | +1.6% |
| Trade debts | 44 | €25,991 | €27,399 | +€1,408 | +5.4% |
| Suppliers | 440/4 | €25,991 | €27,399 | +€1,408 | +5.4% |
| Taxes, remuneration and social security | 45 | €2,827 | €2,448 | -€379 | -13.4% |
| Taxes | 450/3 | €2,827 | €2,448 | -€379 | -13.4% |
| Other amounts payable | 47/48 | €546 | €0 | -€546 | -100.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €7,332 | €1,574 | -€5,758 | -78.5% |
| Operating profit (loss) | 9901 | €6,804 | €1,030 | -€5,774 | -84.9% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €6,761 | €989 | -€5,771 | -85.4% |
| Income taxes | 67/77 | €2,433 | €454 | -€1,979 | -81.4% |
| Profit (loss) for the period | 9904 | €4,328 | €536 | -€3,792 | -87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,328 | €536 | -€3,792 | -87.6% |
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 11 October 2026 via checked.be.