MWM CONSULT: 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.
MWM CONSULT
Largest movements
- Receivables within one year +€77,129
up €77,129 (+928%), from €8,311 to €85,440
of which Trade receivables: +€85,426
- Tangible fixed assets +€56,370
up €56,370 (+819%), from €6,882 to €63,252
of which Leasing and similar rights: +€55,069
- Financial fixed assets +€9,000
up €9,000 (+1,157%), from €778 to €9,778
- Cash -€6,636
down €6,636 (-64.7%), from €10,263 to €3,627
mainly Receivables within one year (-€77,129) and Investment in fixed assets (net) (-€70,412)
- Trade debts +€76,553
up €76,553 (+8,778%), from €872 to €77,425
- Debts after one year +€39,343
new in 2025: €39,343
- Profit (loss) carried forward +€6,768
up €6,768 (+136%), from €4,978 to €11,746
- Other debts +€5,716
up €5,716 (+96.8%), from €5,905 to €11,621
- Current portion of long-term debt +€4,878
new in 2025: €4,878
- Gross operating margin +€13,658
up €13,658 (+145%), from €9,399 to €23,056
- Depreciation +€3,661
up €3,661 (+265%), from €1,382 to €5,043
- Staff costs +€3,450
up €3,450 (+1,510%), from €228 to €3,679
- Other operating charges +€3,122
up €3,122 (+319%), from €978 to €4,101
- Taxes +€1,179
up €1,179 (+80.4%), from €1,466 to €2,644
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 | €26,234 | €162,097 | +€135,863 | +518% |
| Fixed assets | 21/28 | €7,660 | €73,030 | +€65,370 | +853% |
| Tangible fixed assets | 22/27 | €6,882 | €63,252 | +€56,370 | +819% |
| Furniture and vehicles | 24 | €6,882 | €8,183 | +€1,300 | +18.9% |
| Leasing and similar rights | 25 | - | €55,069 | +€55,069 | |
| Financial fixed assets | 28 | €778 | €9,778 | +€9,000 | +1,157% |
| Current assets | 29/58 | €18,574 | €89,068 | +€70,494 | +380% |
| Amounts receivable within one year | 40/41 | €8,311 | €85,440 | +€77,129 | +928% |
| Trade receivables | 40 | - | €85,426 | +€85,426 | |
| Other amounts receivable | 41 | €8,311 | €14 | -€8,296 | -99.8% |
| Cash at bank and in hand | 54/58 | €10,263 | €3,627 | -€6,636 | -64.7% |
| Total equity and liabilities | 10/49 | €26,234 | €162,097 | +€135,863 | +518% |
| Equity | 10/15 | €5,978 | €12,746 | +€6,768 | +113% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,978 | €11,746 | +€6,768 | +136% |
| Amounts payable | 17/49 | €20,256 | €149,351 | +€129,096 | +637% |
| Amounts payable after more than one year | 17 | - | €39,343 | +€39,343 | |
| Financial debts | 170/4 | - | €39,343 | +€39,343 | |
| Amounts payable within one year | 42/48 | €20,256 | €110,008 | +€89,753 | +443% |
| Current portion of amounts payable after more than one year | 42 | - | €4,878 | +€4,878 | |
| Trade debts | 44 | €872 | €77,425 | +€76,553 | +8,778% |
| Suppliers | 440/4 | €872 | €77,425 | +€76,553 | +8,778% |
| Taxes, remuneration and social security | 45 | €13,478 | €16,084 | +€2,606 | +19.3% |
| Taxes | 450/3 | €13,478 | €9,618 | -€3,861 | -28.6% |
| Remuneration and social security | 454/9 | - | €6,467 | +€6,467 | |
| Other amounts payable | 47/48 | €5,905 | €11,621 | +€5,716 | +96.8% |
| Remuneration, social security and pensions | 62 | €228 | €3,679 | +€3,450 | +1,510% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,382 | €5,043 | +€3,661 | +265% |
| Other operating charges | 640/8 | €978 | €4,101 | +€3,122 | +319% |
| Gross operating margin | 9900 | €9,399 | €23,056 | +€13,658 | +145% |
| Operating profit (loss) | 9901 | €6,809 | €10,234 | +€3,424 | +50.3% |
| Financial charges | 65/66B | €300 | €822 | +€522 | +174% |
| Recurring financial charges | 65 | €300 | €822 | +€522 | +174% |
| Profit (loss) for the period before taxes | 9903 | €6,510 | €9,412 | +€2,902 | +44.6% |
| Income taxes | 67/77 | €1,466 | €2,644 | +€1,179 | +80.4% |
| Profit (loss) for the period | 9904 | €5,044 | €6,768 | +€1,723 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,044 | €6,768 | +€1,723 | +34.2% |
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 29 October 2026 via checked.be.