MOGWAI: what changed
What changed
MOGWAI
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€302,557
2024 · €122,718+€179,839
Equity
€683,702
2024 · €513,042+€170,660
Cash
€62,358
2024 · €128,349-€65,991
Balance sheet total
€951,486
2024 · €759,107+€192,379
Largest movements
Assets
- Receivables after one year +€250,000
up €250,000 (+625%), from €40,000 to €290,000
- Cash -€65,991
down €65,991 (-51.4%), from €128,349 to €62,358
mainly Receivables after one year (-€250,000) and Contributions, distributions and other (-€131,897)
- Current investments +€35,000
up €35,000 (+63.6%), from €55,000 to €90,000
- Tangible fixed assets -€26,838
down €26,838 (-21.2%), from €126,365 to €99,527
Equity and liabilities
- Reserves +€170,660
up €170,660 (+51.4%), from €332,142 to €502,802
of which Distributable reserves: +€170,660
- Tax, wage and social debts +€33,473
up €33,473 (+98.1%), from €34,113 to €67,587
of which Taxes: +€33,473
- Debts after one year -€14,110
down €14,110 (-10.3%), from €136,927 to €122,817
Income statement
- Financial income +€169,906
up €169,906 (+535%), from €31,741 to €201,648
- Gross operating margin +€32,639
up €32,639 (+18.7%), from €174,363 to €207,001
- Taxes +€24,676
up €24,676 (+54.3%), from €45,468 to €70,144
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.
Result 2024
€122,718
Gross operating margin
+€32,639
Depreciation
+€1,161
Other operating charges
-€8
Financial income
+€169,906
Financial charges
+€817
Taxes
-€24,676
Result 2025
€302,557
raises the resultlowers the result
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.
From operations
+€114,382
Investment
-€35,000
Financing
-€145,373
Cash 2024
€128,349
From operations (derived)
+€114,382
Net result for the year
+€302,557
Depreciation
+€26,838
Receivables after one year
-€250,000
Receivables within one year
-€3,365
Deferred charges and accrued income
+€3,156
Trade debts
-€325
Tax, wage and social debts
+€33,473
Other debts
+€2,046
Investment (derived)
-€35,000
Current investments
-€35,000
Financing
-€145,373
Debts after one year
-€14,110
Current portion of long-term debt
+€635
Contributions, distributions and other
-€131,897
Cash 2025
€62,358
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €759,107 | €951,486 | +€192,379 | +25.3% |
| Fixed assets | 21/28 | €468,015 | €441,177 | -€26,838 | -5.7% |
| Tangible fixed assets | 22/27 | €126,365 | €99,527 | -€26,838 | -21.2% |
| Land and buildings | 22 | €67,892 | €60,592 | -€7,300 | -10.8% |
| Plant, machinery and equipment | 23 | €2,646 | €928 | -€1,717 | -64.9% |
| Furniture and vehicles | 24 | €6,979 | €4,130 | -€2,849 | -40.8% |
| Leasing and similar rights | 25 | €32,345 | €22,697 | -€9,648 | -29.8% |
| Other tangible fixed assets | 26 | €16,505 | €11,181 | -€5,324 | -32.3% |
| Financial fixed assets | 28 | €341,650 | €341,650 | = | 0.0% |
| Current assets | 29/58 | €291,092 | €510,309 | +€219,217 | +75.3% |
| Amounts receivable after more than one year | 29 | €40,000 | €290,000 | +€250,000 | +625% |
| Other amounts receivable | 291 | €40,000 | €290,000 | +€250,000 | +625% |
| Amounts receivable within one year | 40/41 | €62,845 | €66,210 | +€3,365 | +5.4% |
| Trade receivables | 40 | €23,296 | €29,429 | +€6,134 | +26.3% |
| Other amounts receivable | 41 | €39,549 | €36,780 | -€2,769 | -7.0% |
| Current investments | 50/53 | €55,000 | €90,000 | +€35,000 | +63.6% |
| Cash at bank and in hand | 54/58 | €128,349 | €62,358 | -€65,991 | -51.4% |
| Deferred charges and accrued income | 490/1 | €4,898 | €1,741 | -€3,156 | -64.4% |
| Total equity and liabilities | 10/49 | €759,107 | €951,486 | +€192,379 | +25.3% |
| Equity | 10/15 | €513,042 | €683,702 | +€170,660 | +33.3% |
| Contributions | 10/11 | €180,900 | €180,900 | = | 0.0% |
| Reserves | 13 | €332,142 | €502,802 | +€170,660 | +51.4% |
| Tax-exempt reserves | 132 | €111 | €111 | = | 0.0% |
| Distributable reserves | 133 | €332,031 | €502,691 | +€170,660 | +51.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €246,065 | €267,784 | +€21,719 | +8.8% |
| Amounts payable after more than one year | 17 | €136,927 | €122,817 | -€14,110 | -10.3% |
| Financial debts | 170/4 | €136,927 | €122,817 | -€14,110 | -10.3% |
| Amounts payable within one year | 42/48 | €108,538 | €144,367 | +€35,829 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | €13,475 | €14,110 | +€635 | +4.7% |
| Trade debts | 44 | €6,741 | €6,416 | -€325 | -4.8% |
| Suppliers | 440/4 | €6,741 | €6,416 | -€325 | -4.8% |
| Taxes, remuneration and social security | 45 | €34,113 | €67,587 | +€33,473 | +98.1% |
| Taxes | 450/3 | €30,988 | €64,462 | +€33,473 | +108% |
| Remuneration and social security | 454/9 | €3,125 | €3,125 | = | 0.0% |
| Other amounts payable | 47/48 | €54,208 | €56,254 | +€2,046 | +3.8% |
| Accrued charges and deferred income | 492/3 | €600 | €600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,000 | €26,838 | -€1,161 | -4.1% |
| Other operating charges | 640/8 | €1,813 | €1,821 | +€8 | +0.4% |
| Gross operating margin | 9900 | €174,363 | €207,001 | +€32,639 | +18.7% |
| Operating profit (loss) | 9901 | €144,550 | €178,342 | +€33,793 | +23.4% |
| Financial income | 75/76B | €31,741 | €201,648 | +€169,906 | +535% |
| Recurring financial income | 75 | €31,741 | €201,648 | +€169,906 | +535% |
| Financial charges | 65/66B | €8,105 | €7,288 | -€817 | -10.1% |
| Recurring financial charges | 65 | €8,105 | €7,288 | -€817 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €168,186 | €372,702 | +€204,516 | +122% |
| Income taxes | 67/77 | €45,468 | €70,144 | +€24,676 | +54.3% |
| Profit (loss) for the period | 9904 | €122,718 | €302,557 | +€179,839 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €122,718 | €302,557 | +€179,839 | +147% |
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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 2 November 2026 via checked.be.