MWM LOGISTICS: what changed
MWM LOGISTICS
Largest movements
- Tangible fixed assets -€139,428
down €139,428 (-19.0%), from €734,451 to €595,023
of which Furniture and vehicles: -€137,912
- Cash +€110,656
up €110,656 (+46.7%), from €237,038 to €347,695
mainly Depreciation (+€282,273) and Tax, wage and social debts (+€102,317)
- Intangible fixed assets +€69,890
up €69,890 (+46.3%), from €151,102 to €220,992
- Receivables within one year +€68,878
up €68,878 (+3.2%), from €2.2m to €2.2m
of which Trade receivables: +€56,985
- Debts after one year -€212,846
down €212,846 (-18.2%), from €1.2m to €955,938
of which Financial debts: -€212,846
- Tax, wage and social debts +€102,317
up €102,317 (+47.5%), from €215,273 to €317,590
of which Remuneration and social security: +€100,765
- Profit (loss) carried forward +€87,300
up €87,300 (+34.5%), from -€252,915 to -€165,615
- Short-term financial debts +€69,398
up €69,398 (+9.7%), from €715,338 to €784,736
- Trade debts +€39,189
up €39,189 (+3.7%), from €1.1m to €1.1m
- Staff costs +€547,973
up €547,973 (+26.4%), from €2.1m to €2.6m
- Gross operating margin +€421,447
up €421,447 (+15.2%), from €2.8m to €3.2m
- Financial charges +€88,459
up €88,459 (+127%), from €69,591 to €158,050
- Other operating charges -€62,704
down €62,704 (-68.0%), from €92,198 to €29,494
- Taxes +€32,510
up €32,510 (+360%), from €9,042 to €41,552
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,292,724 | €3,402,512 | +€109,789 | +3.3% |
| Fixed assets | 21/28 | €888,100 | €818,562 | -€69,538 | -7.8% |
| Intangible fixed assets | 21 | €151,102 | €220,992 | +€69,890 | +46.3% |
| Tangible fixed assets | 22/27 | €734,451 | €595,023 | -€139,428 | -19.0% |
| Plant, machinery and equipment | 23 | €309,435 | €266,815 | -€42,620 | -13.8% |
| Furniture and vehicles | 24 | €401,204 | €263,292 | -€137,912 | -34.4% |
| Other tangible fixed assets | 26 | €23,812 | €64,916 | +€41,105 | +173% |
| Financial fixed assets | 28 | €2,547 | €2,547 | = | 0.0% |
| Current assets | 29/58 | €2,404,624 | €2,583,951 | +€179,327 | +7.5% |
| Amounts receivable within one year | 40/41 | €2,162,804 | €2,231,682 | +€68,878 | +3.2% |
| Trade receivables | 40 | €1,443,059 | €1,500,043 | +€56,985 | +3.9% |
| Other amounts receivable | 41 | €719,745 | €731,639 | +€11,894 | +1.7% |
| Cash at bank and in hand | 54/58 | €237,038 | €347,695 | +€110,656 | +46.7% |
| Deferred charges and accrued income | 490/1 | €4,782 | €4,574 | -€208 | -4.3% |
| Total equity and liabilities | 10/49 | €3,292,724 | €3,402,512 | +€109,789 | +3.3% |
| Equity | 10/15 | -€232,455 | -€145,155 | +€87,300 | +37.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€252,915 | -€165,615 | +€87,300 | +34.5% |
| Amounts payable | 17/49 | €3,525,179 | €3,547,667 | +€22,488 | +0.6% |
| Amounts payable after more than one year | 17 | €1,168,784 | €955,938 | -€212,846 | -18.2% |
| Financial debts | 170/4 | €409,461 | €196,615 | -€212,846 | -52.0% |
| Other amounts payable | 178/9 | €759,324 | €759,324 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,356,394 | €2,591,729 | +€235,334 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €375,096 | €398,768 | +€23,673 | +6.3% |
| Financial debts | 43 | €715,338 | €784,736 | +€69,398 | +9.7% |
| Other loans | 439 | €715,338 | €784,736 | +€69,398 | +9.7% |
| Trade debts | 44 | €1,050,688 | €1,089,876 | +€39,189 | +3.7% |
| Suppliers | 440/4 | €1,050,688 | €1,089,876 | +€39,189 | +3.7% |
| Taxes, remuneration and social security | 45 | €215,273 | €317,590 | +€102,317 | +47.5% |
| Taxes | 450/3 | €9,042 | €10,594 | +€1,552 | +17.2% |
| Remuneration and social security | 454/9 | €206,231 | €306,996 | +€100,765 | +48.9% |
| Other amounts payable | 47/48 | - | €758 | +€758 | |
| Remuneration, social security and pensions | 62 | €2,078,636 | €2,626,609 | +€547,973 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266,782 | €282,273 | +€15,491 | +5.8% |
| Other operating charges | 640/8 | €92,198 | €29,494 | -€62,704 | -68.0% |
| Gross operating margin | 9900 | €2,777,202 | €3,198,649 | +€421,447 | +15.2% |
| Operating profit (loss) | 9901 | €339,586 | €260,274 | -€79,312 | -23.4% |
| Financial income | 75/76B | €22,685 | €26,629 | +€3,944 | +17.4% |
| Recurring financial income | 75 | €22,685 | €26,629 | +€3,944 | +17.4% |
| Financial charges | 65/66B | €69,591 | €158,050 | +€88,459 | +127% |
| Recurring financial charges | 65 | €69,591 | €158,050 | +€88,459 | +127% |
| Profit (loss) for the period before taxes | 9903 | €292,679 | €128,853 | -€163,827 | -56.0% |
| Income taxes | 67/77 | €9,042 | €41,552 | +€32,510 | +360% |
| Profit (loss) for the period | 9904 | €283,637 | €87,300 | -€196,337 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €283,637 | €87,300 | -€196,337 | -69.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.