MOWELLI: 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.
MOWELLI
Largest movements
- Cash +€254,633
up €254,633 (+225.5%), from €112,923 to €367,555
mainly Trade debts (+€376,459) and Net result for the year (+€372,151)
- Receivables within one year +€221,303
up €221,303 (+100.4%), from €220,373 to €441,676
of which Trade receivables: +€193,623
- Stocks and contracts +€144,227
up €144,227 (+136.4%), from €105,773 to €250,000
- Deferred charges and accrued income +€127,256
up €127,256 (+500.4%), from €25,430 to €152,686
- Trade debts +€376,459
up €376,459 (+475.9%), from €79,099 to €455,557
- Reserves +€372,151
up €372,151 (+384.9%), from €96,694 to €468,845
of which Distributable reserves: +€372,151
- Other debts -€142,873
down €142,873 (-47.1%), from €303,500 to €160,627
- Tax, wage and social debts +€128,561
up €128,561 (+394.5%), from €32,587 to €161,148
of which Taxes: +€102,299
- Gross operating margin +€609,762
up €609,762 (+409.2%), from €149,025 to €758,787
- Staff costs +€176,024
up €176,024 (+357.7%), from €49,209 to €225,233
- Taxes +€101,536
up €101,536 (+532.7%), from €19,061 to €120,597
- Financial charges +€35,803
up €35,803 (+371.8%), from €9,629 to €45,431
- Financial income +€20,675
up €20,675 (+1443.1%), from €1,433 to €22,108
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 | €530,480 | €1,275,754 | +€745,275 | +140.5% |
| Fixed assets | 21/28 | €65,980 | €63,836 | -€2,144 | -3.2% |
| Tangible fixed assets | 22/27 | €65,980 | €63,836 | -€2,144 | -3.2% |
| Plant, machinery and equipment | 23 | - | €5,096 | +€5,096 | |
| Furniture and vehicles | 24 | €65,350 | €58,111 | -€7,240 | -11.1% |
| Other tangible fixed assets | 26 | €630 | €630 | = | 0.0% |
| Current assets | 29/58 | €464,499 | €1,211,918 | +€747,418 | +160.9% |
| Stocks and contracts in progress | 3 | €105,773 | €250,000 | +€144,227 | +136.4% |
| Stocks | 30/36 | €105,773 | €250,000 | +€144,227 | +136.4% |
| Amounts receivable within one year | 40/41 | €220,373 | €441,676 | +€221,303 | +100.4% |
| Trade receivables | 40 | €164,399 | €358,022 | +€193,623 | +117.8% |
| Other amounts receivable | 41 | €55,974 | €83,655 | +€27,680 | +49.5% |
| Cash at bank and in hand | 54/58 | €112,923 | €367,555 | +€254,633 | +225.5% |
| Deferred charges and accrued income | 490/1 | €25,430 | €152,686 | +€127,256 | +500.4% |
| Total equity and liabilities | 10/49 | €530,480 | €1,275,754 | +€745,275 | +140.5% |
| Equity | 10/15 | €115,294 | €487,445 | +€372,151 | +322.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,694 | €468,845 | +€372,151 | +384.9% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €12,494 | €384,645 | +€372,151 | +2978.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €415,186 | €788,309 | +€373,123 | +89.9% |
| Amounts payable within one year | 42/48 | €415,186 | €788,309 | +€373,123 | +89.9% |
| Trade debts | 44 | €79,099 | €455,557 | +€376,459 | +475.9% |
| Suppliers | 440/4 | €79,099 | €455,557 | +€376,459 | +475.9% |
| Advances received on contracts in progress | 46 | - | €10,977 | +€10,977 | |
| Taxes, remuneration and social security | 45 | €32,587 | €161,148 | +€128,561 | +394.5% |
| Taxes | 450/3 | €32,407 | €134,706 | +€102,299 | +315.7% |
| Remuneration and social security | 454/9 | €180 | €26,442 | +€26,262 | +14551.0% |
| Other amounts payable | 47/48 | €303,500 | €160,627 | -€142,873 | -47.1% |
| Remuneration, social security and pensions | 62 | €49,209 | €225,233 | +€176,024 | +357.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,644 | €15,047 | +€9,403 | +166.6% |
| Other operating charges | 640/8 | €1,520 | €2,435 | +€915 | +60.2% |
| Gross operating margin | 9900 | €149,025 | €758,787 | +€609,762 | +409.2% |
| Operating profit (loss) | 9901 | €92,653 | €516,072 | +€423,419 | +457.0% |
| Financial income | 75/76B | €1,433 | €22,108 | +€20,675 | +1443.1% |
| Recurring financial income | 75 | €1,433 | €22,108 | +€20,675 | +1443.1% |
| Financial charges | 65/66B | €9,629 | €45,431 | +€35,803 | +371.8% |
| Recurring financial charges | 65 | €9,629 | €45,431 | +€35,803 | +371.8% |
| Profit (loss) for the period before taxes | 9903 | €84,457 | €492,748 | +€408,291 | +483.4% |
| Income taxes | 67/77 | €19,061 | €120,597 | +€101,536 | +532.7% |
| Profit (loss) for the period | 9904 | €65,396 | €372,151 | +€306,755 | +469.1% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €0 | -€84,200 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,804 | €372,151 | +€390,955 |
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 10 October 2026 via checked.be.