Mawiba: 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.
Mawiba
Largest movements
- Cash +€107,367
up €107,367 (+61.5%), from €174,494 to €281,861
mainly Net result for the year (+€86,457) and Depreciation (+€11,791)
- Receivables within one year -€11,427
down €11,427 (-40.0%), from €28,602 to €17,175
of which Trade receivables: -€7,490
- Tangible fixed assets -€5,988
down €5,988 (-21.7%), from €27,653 to €21,664
- Profit (loss) carried forward +€86,457
up €86,457 (+64.5%), from €134,073 to €220,530
- Gross operating margin +€37,878
up €37,878 (+45.4%), from €83,435 to €121,313
- Depreciation +€9,789
up €9,789 (+489%), from €2,002 to €11,791
- Taxes +€7,038
up €7,038 (+44.1%), from €15,960 to €22,998
- Financial charges -€3,692
down €3,692 (-89.6%), from €4,121 to €429
of which Non-recurring financial charges: -€3,708
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 | €231,070 | €320,991 | +€89,921 | +38.9% |
| Fixed assets | 21/28 | €27,653 | €21,664 | -€5,988 | -21.7% |
| Tangible fixed assets | 22/27 | €27,653 | €21,664 | -€5,988 | -21.7% |
| Furniture and vehicles | 24 | €27,653 | €21,664 | -€5,988 | -21.7% |
| Current assets | 29/58 | €203,417 | €299,326 | +€95,909 | +47.1% |
| Amounts receivable within one year | 40/41 | €28,602 | €17,175 | -€11,427 | -40.0% |
| Trade receivables | 40 | €24,635 | €17,146 | -€7,490 | -30.4% |
| Other amounts receivable | 41 | €3,966 | €29 | -€3,938 | -99.3% |
| Cash at bank and in hand | 54/58 | €174,494 | €281,861 | +€107,367 | +61.5% |
| Deferred charges and accrued income | 490/1 | €321 | €291 | -€30 | -9.5% |
| Total equity and liabilities | 10/49 | €231,070 | €320,991 | +€89,921 | +38.9% |
| Equity | 10/15 | €137,073 | €223,530 | +€86,457 | +63.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,073 | €220,530 | +€86,457 | +64.5% |
| Amounts payable | 17/49 | €93,997 | €97,461 | +€3,464 | +3.7% |
| Amounts payable within one year | 42/48 | €90,997 | €94,461 | +€3,464 | +3.8% |
| Trade debts | 44 | €0 | €1,534 | +€1,534 | |
| Suppliers | 440/4 | €0 | €1,534 | +€1,534 | |
| Taxes, remuneration and social security | 45 | €51,330 | €51,194 | -€137 | -0.3% |
| Taxes | 450/3 | €51,330 | €51,194 | -€137 | -0.3% |
| Other amounts payable | 47/48 | €39,667 | €41,733 | +€2,066 | +5.2% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,002 | €11,791 | +€9,789 | +489% |
| Other operating charges | 640/8 | €555 | €770 | +€215 | +38.7% |
| Gross operating margin | 9900 | €83,435 | €121,313 | +€37,878 | +45.4% |
| Operating profit (loss) | 9901 | €80,878 | €108,752 | +€27,874 | +34.5% |
| Financial income | 75/76B | €589 | €1,132 | +€543 | +92.3% |
| Recurring financial income | 75 | €589 | €1,132 | +€543 | +92.3% |
| Financial charges | 65/66B | €4,121 | €429 | -€3,692 | -89.6% |
| Recurring financial charges | 65 | €119 | €135 | +€16 | +13.4% |
| Non-recurring financial charges | 66B | €4,002 | €293 | -€3,708 | -92.7% |
| Profit (loss) for the period before taxes | 9903 | €77,346 | €109,455 | +€32,110 | +41.5% |
| Income taxes | 67/77 | €15,960 | €22,998 | +€7,038 | +44.1% |
| Profit (loss) for the period | 9904 | €61,386 | €86,457 | +€25,071 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,386 | €86,457 | +€25,071 | +40.8% |
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 23 October 2026 via checked.be.