MWM Immo: 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.
MWM Immo
Largest movements
- Current investments +€250,000
up €250,000 (+16.1%), from €1.6m to €1.8m
- Receivables within one year -€128,764
down €128,764 (-90.3%), from €142,594 to €13,831
- Tangible fixed assets -€98,223
down €98,223 (-4.0%), from €2.5m to €2.4m
- Profit (loss) carried forward +€758,030
up €758,030, from -€694,924 to €63,105
- Debts after one year -€750,000
no longer reported in 2025 (was €750,000)
- Financial income +€738,644
up €738,644 (+1290.1%), from €57,255 to €795,899
of which Non-recurring financial income: +€750,000
- Write-downs -€97,060
new in 2025: -€97,060
- Gross operating margin -€33,715
down €33,715, from €613 to -€33,102
- Other operating charges -€30,584
down €30,584 (-99.2%), from €30,822 to €238
- Taxes +€2,340
no longer reported in 2025 (was -€2,340)
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 | €4,238,345 | €4,282,141 | +€43,795 | +1.0% |
| Fixed assets | 21/28 | €2,484,291 | €2,386,068 | -€98,223 | -4.0% |
| Tangible fixed assets | 22/27 | €2,484,291 | €2,386,068 | -€98,223 | -4.0% |
| Land and buildings | 22 | €2,484,291 | €2,386,068 | -€98,223 | -4.0% |
| Current assets | 29/58 | €1,754,054 | €1,896,073 | +€142,018 | +8.1% |
| Amounts receivable within one year | 40/41 | €142,594 | €13,831 | -€128,764 | -90.3% |
| Other amounts receivable | 41 | €142,594 | €13,831 | -€128,764 | -90.3% |
| Current investments | 50/53 | €1,550,000 | €1,800,000 | +€250,000 | +16.1% |
| Cash at bank and in hand | 54/58 | €53,522 | €48,838 | -€4,684 | -8.8% |
| Deferred charges and accrued income | 490/1 | €7,938 | €33,404 | +€25,466 | +320.8% |
| Total equity and liabilities | 10/49 | €4,238,345 | €4,282,141 | +€43,795 | +1.0% |
| Equity | 10/15 | €3,486,604 | €4,247,955 | +€761,351 | +21.8% |
| Contributions | 10/11 | €3,929,242 | €3,929,242 | = | 0.0% |
| Capital | 10 | €981,642 | €981,642 | = | 0.0% |
| Issued capital | 100 | €981,642 | €981,642 | = | 0.0% |
| Outside capital | 11 | €2,947,600 | €2,947,600 | = | 0.0% |
| Share premium | 1100/10 | €2,947,600 | €2,947,600 | = | 0.0% |
| Reserves | 13 | €252,286 | €255,608 | +€3,321 | +1.3% |
| Non-distributable reserves | 130/1 | €8,924 | €12,246 | +€3,321 | +37.2% |
| Legal reserve | 130 | €8,924 | €12,246 | +€3,321 | +37.2% |
| Distributable reserves | 133 | €243,362 | €243,362 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€694,924 | €63,105 | +€758,030 | |
| Amounts payable | 17/49 | €751,742 | €34,186 | -€717,555 | -95.5% |
| Amounts payable after more than one year | 17 | €750,000 | - | -€750,000 | |
| Other amounts payable | 178/9 | €750,000 | - | -€750,000 | |
| Amounts payable within one year | 42/48 | €1,742 | €34,186 | +€32,445 | +1863.0% |
| Trade debts | 44 | €1,308 | €34,186 | +€32,878 | +2513.0% |
| Suppliers | 440/4 | €1,308 | €34,186 | +€32,878 | +2513.0% |
| Other amounts payable | 47/48 | €433 | - | -€433 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,223 | €98,223 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€97,060 | -€97,060 | |
| Other operating charges | 640/8 | €30,822 | €238 | -€30,584 | -99.2% |
| Gross operating margin | 9900 | €613 | -€33,102 | -€33,715 | |
| Operating profit (loss) | 9901 | -€128,432 | -€34,503 | +€93,929 | +73.1% |
| Financial income | 75/76B | €57,255 | €795,899 | +€738,644 | +1290.1% |
| Recurring financial income | 75 | €57,255 | €45,899 | -€11,356 | -19.8% |
| Non-recurring financial income | 76B | - | €750,000 | +€750,000 | |
| Financial charges | 65/66B | €340 | €45 | -€295 | -86.8% |
| Recurring financial charges | 65 | €340 | €45 | -€295 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | -€71,517 | €761,351 | +€832,868 | |
| Income taxes | 67/77 | -€2,340 | - | +€2,340 | |
| Profit (loss) for the period | 9904 | -€69,177 | €761,351 | +€830,528 | |
| Profit (loss) for the period to be appropriated | 9905 | -€69,177 | €761,351 | +€830,528 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.