Mohawk International Services: 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.
What changed
Mohawk International Services
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €586,534+€641,478
Equity
€10.1m
2024 · €8.9m+€1.2m
Cash
€29,356
2024 · €15,675+€13,681
Balance sheet total
€37.4m
2024 · €30.4m+€7.0m
Largest movements
Assets
- Tangible fixed assets +€10.5m
up €10.5m (+115%), from €9.1m to €19.6m
of which Assets under construction and advance payments: +€9.2m
- Receivables within one year -€5.9m
down €5.9m (-40.2%), from €14.7m to €8.8m
of which Trade receivables: -€5.1m
- Deferred charges and accrued income +€2.6m
up €2.6m (+119%), from €2.2m to €4.8m
Equity and liabilities
- Other debts +€6.5m
up €6.5m (+89.9%), from €7.2m to €13.7m
- Reserves +€1.2m
up €1.2m (+14.8%), from €8.3m to €9.6m
- Tax, wage and social debts -€876,259
down €876,259 (-12.4%), from €7.1m to €6.2m
of which Remuneration and social security: -€895,063
- Trade debts +€472,937
up €472,937 (+6.9%), from €6.9m to €7.4m
Income statement
- Turnover -€9.3m
down €9.3m (-8.8%), from €105.0m to €95.7m
- Staff costs -€5.0m
down €5.0m (-10.8%), from €46.7m to €41.6m
- Services and other goods -€4.2m
down €4.2m (-9.4%), from €44.3m to €40.2m
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.
Result 2024
€586,534
Turnover
-€9.3m
Other operating income
-€474,407
Goods and materials
+€687,368
Services and other goods
+€4.2m
Staff costs
+€5.0m
Depreciation
+€519,645
Provisions
-€31,292
Other operating charges
-€11,195
Other operating items
-€17,732
Financial income
-€221,191
Financial charges
+€197,757
Taxes
+€46,412
Result 2025
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€13.0m
Investment
-€13.0m
Financing
-€2
Cash 2024
€15,675
From operations (derived)
+€13.0m
Net result for the year
+€1.2m
Depreciation
+€2.7m
Receivables within one year
+€5.9m
Deferred charges and accrued income
-€2.6m
Trade debts
+€472,937
Tax, wage and social debts
-€876,259
Other debts
+€6.5m
Accrued charges and deferred income
-€308,748
Investment (derived)
-€13.0m
Investment in fixed assets (net)
-€13.0m
Financing
-€2
Short-term financial debts
-€2
Cash 2025
€29,356
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,389,008 | €37,375,307 | +€7.0m | +23.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €13,439,984 | €23,721,089 | +€10.3m | +76.5% |
| Intangible fixed assets | 21 | €4,304,949 | €4,081,359 | -€223,590 | -5.2% |
| Tangible fixed assets | 22/27 | €9,131,187 | €19,639,730 | +€10.5m | +115% |
| Land and buildings | 22 | €0 | €678,459 | +€678,459 | |
| Plant, machinery and equipment | 23 | €2,055,092 | €1,223,478 | -€831,615 | -40.5% |
| Furniture and vehicles | 24 | €1,342,777 | €2,840,319 | +€1.5m | +112% |
| Assets under construction and advance payments | 27 | €5,733,318 | €14,897,474 | +€9.2m | +160% |
| Financial fixed assets | 28 | €3,848 | - | -€3,848 | |
| Other financial fixed assets | 284/8 | €3,848 | - | -€3,848 | |
| Amounts receivable and cash guarantees | 285/8 | €3,848 | - | -€3,848 | |
| Current assets | 29/58 | €16,949,024 | €13,654,218 | -€3.3m | -19.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Raw materials and consumables | 30/31 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €14,732,966 | €8,809,414 | -€5.9m | -40.2% |
| Trade receivables | 40 | €13,910,612 | €8,788,239 | -€5.1m | -36.8% |
| Other amounts receivable | 41 | €822,354 | €21,175 | -€801,179 | -97.4% |
| Cash at bank and in hand | 54/58 | €15,675 | €29,356 | +€13,681 | +87.3% |
| Deferred charges and accrued income | 490/1 | €2,200,383 | €4,815,448 | +€2.6m | +119% |
| Total equity and liabilities | 10/49 | €30,389,008 | €37,375,307 | +€7.0m | +23.0% |
| Equity | 10/15 | €8,894,688 | €10,122,699 | +€1.2m | +13.8% |
| Contributions | 10/11 | €571,298 | €571,298 | = | 0.0% |
| Reserves | 13 | €8,323,390 | €9,551,402 | +€1.2m | +14.8% |
| Distributable reserves | 133 | €8,323,390 | €9,551,402 | +€1.2m | +14.8% |
| Amounts payable | 17/49 | €21,494,320 | €27,252,608 | +€5.8m | +26.8% |
| Amounts payable within one year | 42/48 | €21,154,928 | €27,221,963 | +€6.1m | +28.7% |
| Financial debts | 43 | €2 | - | -€2 | |
| Credit institutions | 430/8 | €2 | - | -€2 | |
| Trade debts | 44 | €6,893,846 | €7,366,783 | +€472,937 | +6.9% |
| Suppliers | 440/4 | €6,893,846 | €7,366,783 | +€472,937 | +6.9% |
| Taxes, remuneration and social security | 45 | €7,063,473 | €6,187,214 | -€876,259 | -12.4% |
| Taxes | 450/3 | €1,041,265 | €1,060,069 | +€18,804 | +1.8% |
| Remuneration and social security | 454/9 | €6,022,208 | €5,127,145 | -€895,063 | -14.9% |
| Other amounts payable | 47/48 | €7,197,608 | €13,667,966 | +€6.5m | +89.9% |
| Accrued charges and deferred income | 492/3 | €339,392 | €30,644 | -€308,748 | -91.0% |
| Operating income | 70/76A | €107,820,362 | €98,063,745 | -€9.8m | -9.0% |
| Turnover | 70 | €105,025,058 | €95,742,848 | -€9.3m | -8.8% |
| Other operating income | 74 | €2,795,305 | €2,320,897 | -€474,407 | -17.0% |
| Operating charges | 60/66A | €106,207,959 | €95,832,842 | -€10.4m | -9.8% |
| Goods for resale, raw materials and consumables | 60 | €11,947,684 | €11,260,316 | -€687,368 | -5.8% |
| Purchases | 600/8 | €11,947,684 | €11,260,316 | -€687,368 | -5.8% |
| Services and other goods | 61 | €44,341,827 | €40,154,565 | -€4.2m | -9.4% |
| Remuneration, social security and pensions | 62 | €46,683,425 | €41,642,363 | -€5.0m | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,220,519 | €2,700,874 | -€519,645 | -16.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€31,292 | - | +€31,292 | |
| Other operating charges | 640/8 | €45,796 | €56,992 | +€11,195 | +24.4% |
| Non-recurring operating charges | 66A | - | €17,732 | +€17,732 | |
| Operating profit (loss) | 9901 | €1,612,404 | €2,230,903 | +€618,499 | +38.4% |
| Financial income | 75/76B | €393,948 | €172,757 | -€221,191 | -56.1% |
| Recurring financial income | 75 | €393,948 | €172,757 | -€221,191 | -56.1% |
| Income from current assets | 751 | €31,810 | €8,030 | -€23,780 | -74.8% |
| Other financial income | 752/9 | €362,138 | €164,727 | -€197,411 | -54.5% |
| Financial charges | 65/66B | €453,550 | €255,793 | -€197,757 | -43.6% |
| Recurring financial charges | 65 | €453,550 | €255,793 | -€197,757 | -43.6% |
| Debt charges | 650 | €61,023 | €48,834 | -€12,189 | -20.0% |
| Other financial charges | 652/9 | €392,526 | €206,958 | -€185,568 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €1,552,802 | €2,147,868 | +€595,065 | +38.3% |
| Income taxes | 67/77 | €966,268 | €919,856 | -€46,412 | -4.8% |
| Taxes | 670/3 | €966,268 | €919,856 | -€46,412 | -4.8% |
| Profit (loss) for the period | 9904 | €586,534 | €1,228,012 | +€641,478 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €586,534 | €1,228,012 | +€641,478 | +109% |
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 13 October 2026 via checked.be.