MWM Group: 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 Group
Largest movements
- Receivables within one year +€20,447
up €20,447 (+164%), from €12,502 to €32,948
of which Trade receivables: +€20,435
- Cash -€17,827
down €17,827 (-41.3%), from €43,134 to €25,307
mainly Net result for the year (-€21,186) and Receivables within one year (-€20,447)
- Tangible fixed assets -€8,275
down €8,275 (-4.6%), from €180,136 to €171,862
of which Land and buildings: -€5,530
- Other debts +€24,357
up €24,357 (+201%), from €12,120 to €36,477
- Profit (loss) carried forward -€21,186
down €21,186 (-62.6%), from €33,829 to €12,643
- Debts after one year -€8,043
down €8,043 (-4.9%), from €164,212 to €156,169
- Gross operating margin -€37,154
down €37,154 (-57.7%), from €64,354 to €27,199
- Financial charges +€24,529
up €24,529 (+438%), from €5,606 to €30,135
- Taxes -€8,742
down €8,742 (-68.9%), from €12,696 to €3,953
- Depreciation -€2,500
down €2,500 (-23.2%), from €10,775 to €8,275
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 | €237,514 | €231,380 | -€6,134 | -2.6% |
| Fixed assets | 21/28 | €180,136 | €171,862 | -€8,275 | -4.6% |
| Tangible fixed assets | 22/27 | €180,136 | €171,862 | -€8,275 | -4.6% |
| Land and buildings | 22 | €163,719 | €158,189 | -€5,530 | -3.4% |
| Furniture and vehicles | 24 | €1,979 | €1,634 | -€345 | -17.5% |
| Other tangible fixed assets | 26 | €14,438 | €12,039 | -€2,399 | -16.6% |
| Current assets | 29/58 | €57,377 | €59,518 | +€2,141 | +3.7% |
| Amounts receivable within one year | 40/41 | €12,502 | €32,948 | +€20,447 | +164% |
| Trade receivables | 40 | €12,487 | €32,922 | +€20,435 | +164% |
| Other amounts receivable | 41 | €15 | €26 | +€12 | +79.4% |
| Cash at bank and in hand | 54/58 | €43,134 | €25,307 | -€17,827 | -41.3% |
| Deferred charges and accrued income | 490/1 | €1,742 | €1,263 | -€478 | -27.5% |
| Total equity and liabilities | 10/49 | €237,514 | €231,380 | -€6,134 | -2.6% |
| Equity | 10/15 | €39,896 | €18,710 | -€21,186 | -53.1% |
| Contributions | 10/11 | €6,067 | €6,067 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,829 | €12,643 | -€21,186 | -62.6% |
| Amounts payable | 17/49 | €197,618 | €212,670 | +€15,052 | +7.6% |
| Amounts payable after more than one year | 17 | €164,212 | €156,169 | -€8,043 | -4.9% |
| Financial debts | 170/4 | €164,212 | €156,169 | -€8,043 | -4.9% |
| Amounts payable within one year | 42/48 | €33,406 | €56,501 | +€23,095 | +69.1% |
| Trade debts | 44 | €304 | €26 | -€278 | -91.4% |
| Suppliers | 440/4 | €304 | €26 | -€278 | -91.4% |
| Taxes, remuneration and social security | 45 | €20,981 | €19,997 | -€984 | -4.7% |
| Taxes | 450/3 | €20,981 | €17,658 | -€3,323 | -15.8% |
| Remuneration and social security | 454/9 | - | €2,339 | +€2,339 | |
| Other amounts payable | 47/48 | €12,120 | €36,477 | +€24,357 | +201% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,775 | €8,275 | -€2,500 | -23.2% |
| Other operating charges | 640/8 | €5,523 | €6,148 | +€626 | +11.3% |
| Gross operating margin | 9900 | €64,354 | €27,199 | -€37,154 | -57.7% |
| Operating profit (loss) | 9901 | €48,056 | €12,776 | -€35,279 | -73.4% |
| Financial income | 75/76B | €0 | €126 | +€126 | +251,900% |
| Recurring financial income | 75 | €0 | €126 | +€126 | +251,900% |
| Financial charges | 65/66B | €5,606 | €30,135 | +€24,529 | +438% |
| Recurring financial charges | 65 | €5,606 | €30,135 | +€24,529 | +438% |
| Profit (loss) for the period before taxes | 9903 | €42,450 | -€17,233 | -€59,683 | |
| Income taxes | 67/77 | €12,696 | €3,953 | -€8,742 | -68.9% |
| Profit (loss) for the period | 9904 | €29,755 | -€21,186 | -€50,941 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,755 | -€21,186 | -€50,941 |
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.