MWMH: 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.
MWMH
Largest movements
- Cash +€2,197
up €2,197 (+30.4%), from €7,238 to €9,436
mainly Net result for the year (+€1,898) and Stocks and contracts (+€1,770)
- Stocks and contracts -€1,770
down €1,770 (-16.1%), from €11,000 to €9,230
- Receivables within one year +€1,386
up €1,386 (+294.8%), from €470 to €1,856
- Profit (loss) carried forward +€1,898
up €1,898 (+224.0%), from €847 to €2,745
- Trade debts -€963
down €963 (-40.6%), from €2,370 to €1,407
- Tax, wage and social debts +€944
up €944 (+97.3%), from €969 to €1,913
of which Remuneration and social security: +€941
- Staff costs +€5,380
new in 2025: €5,380
- Gross operating margin +€5,124
up €5,124 (+211.5%), from €2,423 to €7,547
- Financial charges -€1,167
down €1,167 (-89.2%), from €1,308 to €141
- Other operating charges -€140
no longer reported in 2025 (was €140)
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 | €19,860 | €21,546 | +€1,685 | +8.5% |
| Fixed assets | 21/28 | €1,152 | €1,024 | -€128 | -11.1% |
| Tangible fixed assets | 22/27 | €1,152 | €1,024 | -€128 | -11.1% |
| Plant, machinery and equipment | 23 | €1,152 | €1,024 | -€128 | -11.1% |
| Current assets | 29/58 | €18,708 | €20,522 | +€1,813 | +9.7% |
| Stocks and contracts in progress | 3 | €11,000 | €9,230 | -€1,770 | -16.1% |
| Stocks | 30/36 | €11,000 | €9,230 | -€1,770 | -16.1% |
| Amounts receivable within one year | 40/41 | €470 | €1,856 | +€1,386 | +294.8% |
| Other amounts receivable | 41 | €470 | €1,856 | +€1,386 | +294.8% |
| Cash at bank and in hand | 54/58 | €7,238 | €9,436 | +€2,197 | +30.4% |
| Total equity and liabilities | 10/49 | €19,860 | €21,546 | +€1,685 | +8.5% |
| Equity | 10/15 | €5,847 | €7,745 | +€1,898 | +32.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €847 | €2,745 | +€1,898 | +224.0% |
| Amounts payable | 17/49 | €14,013 | €13,801 | -€212 | -1.5% |
| Amounts payable within one year | 42/48 | €14,013 | €13,801 | -€212 | -1.5% |
| Trade debts | 44 | €2,370 | €1,407 | -€963 | -40.6% |
| Suppliers | 440/4 | €2,370 | €1,407 | -€963 | -40.6% |
| Taxes, remuneration and social security | 45 | €969 | €1,913 | +€944 | +97.3% |
| Taxes | 450/3 | - | €3 | +€3 | |
| Remuneration and social security | 454/9 | €969 | €1,910 | +€941 | +97.0% |
| Other amounts payable | 47/48 | €10,674 | €10,481 | -€193 | -1.8% |
| Remuneration, social security and pensions | 62 | - | €5,380 | +€5,380 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128 | €128 | = | 0.0% |
| Other operating charges | 640/8 | €140 | - | -€140 | |
| Gross operating margin | 9900 | €2,423 | €7,547 | +€5,124 | +211.5% |
| Operating profit (loss) | 9901 | €2,155 | €2,039 | -€116 | -5.4% |
| Financial charges | 65/66B | €1,308 | €141 | -€1,167 | -89.2% |
| Recurring financial charges | 65 | €1,308 | €141 | -€1,167 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | €847 | €1,898 | +€1,050 | +124.0% |
| Profit (loss) for the period | 9904 | €847 | €1,898 | +€1,050 | +124.0% |
| Profit (loss) for the period to be appropriated | 9905 | €847 | €1,898 | +€1,050 | +124.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.