MOWEN: 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.
MOWEN
Largest movements
- Cash -€8,679
down €8,679 (-99.9%), from €8,683 to €5
mainly Net result for the year (-€17,317) and Tax, wage and social debts (-€4,857)
- Receivables within one year -€2,734
down €2,734 (-44.9%), from €6,092 to €3,358
of which Other amounts receivable: -€2,929
- Reserves -€18,712
down €18,712 (-28.1%), from €66,480 to €47,767
- Other debts +€10,317
new in 2025: €10,317
- Tax, wage and social debts -€4,857
down €4,857 (-51.6%), from €9,419 to €4,561
of which Taxes: -€5,890
- Profit (loss) carried forward +€1,395
no longer reported in 2025 (was -€1,395)
- Gross operating margin -€17,651
down €17,651, from €939 to -€16,712
- Taxes -€2,127
down €2,127 (-98.4%), from €2,161 to €34
- Financial income -€240
down €240 (-73.7%), from €326 to €86
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 | €74,882 | €63,372 | -€11,510 | -15.4% |
| Fixed assets | 21/28 | €107 | €9 | -€97 | -91.2% |
| Tangible fixed assets | 22/27 | €107 | €9 | -€97 | -91.2% |
| Plant, machinery and equipment | 23 | €107 | €9 | -€97 | -91.2% |
| Current assets | 29/58 | €74,776 | €63,363 | -€11,413 | -15.3% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,092 | €3,358 | -€2,734 | -44.9% |
| Trade receivables | 40 | €3,163 | €3,358 | +€195 | +6.2% |
| Other amounts receivable | 41 | €2,929 | - | -€2,929 | |
| Cash at bank and in hand | 54/58 | €8,683 | €5 | -€8,679 | -99.9% |
| Total equity and liabilities | 10/49 | €74,882 | €63,372 | -€11,510 | -15.4% |
| Equity | 10/15 | €65,084 | €47,767 | -€17,317 | -26.6% |
| Reserves | 13 | €66,480 | €47,767 | -€18,712 | -28.1% |
| Distributable reserves | 133 | €66,480 | €47,767 | -€18,712 | -28.1% |
| Profit (loss) carried forward | 14 | -€1,395 | - | +€1,395 | |
| Amounts payable | 17/49 | €9,798 | €15,605 | +€5,807 | +59.3% |
| Amounts payable within one year | 42/48 | €9,798 | €15,605 | +€5,807 | +59.3% |
| Trade debts | 44 | €379 | €726 | +€347 | +91.4% |
| Suppliers | 440/4 | €379 | €726 | +€347 | +91.4% |
| Taxes, remuneration and social security | 45 | €9,419 | €4,561 | -€4,857 | -51.6% |
| Taxes | 450/3 | €9,419 | €3,529 | -€5,890 | -62.5% |
| Remuneration and social security | 454/9 | - | €1,032 | +€1,032 | |
| Other amounts payable | 47/48 | - | €10,317 | +€10,317 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97 | €97 | = | 0.0% |
| Other operating charges | 640/8 | €141 | €294 | +€154 | +109.3% |
| Gross operating margin | 9900 | €939 | -€16,712 | -€17,651 | |
| Operating profit (loss) | 9901 | €701 | -€17,104 | -€17,805 | |
| Financial income | 75/76B | €326 | €86 | -€240 | -73.7% |
| Recurring financial income | 75 | €326 | €86 | -€240 | -73.7% |
| Financial charges | 65/66B | €261 | €265 | +€4 | +1.4% |
| Recurring financial charges | 65 | €261 | €265 | +€4 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €766 | -€17,283 | -€18,049 | |
| Income taxes | 67/77 | €2,161 | €34 | -€2,127 | -98.4% |
| Profit (loss) for the period | 9904 | -€1,395 | -€17,317 | -€15,922 | -1141.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,395 | -€17,317 | -€15,922 | -1141.3% |
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.