MOWGLI: 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.
MOWGLI
Largest movements
- Receivables within one year +€8,352
up €8,352 (+4,211%), from €198 to €8,550
of which Other amounts receivable: +€8,349
- Stocks and contracts +€4,176
up €4,176 (+18.4%), from €22,691 to €26,867
- Tangible fixed assets -€737
down €737 (-35.8%), from €2,056 to €1,319
- Short-term financial debts +€9,423
new in 2025: €9,423
- Tax, wage and social debts +€4,823
up €4,823 (+207%), from €2,325 to €7,148
- Trade debts +€3,852
up €3,852 (+37.4%), from €10,294 to €14,146
- Current portion of long-term debt -€2,607
no longer reported in 2025 (was €2,607)
- Debts after one year -€1,882
down €1,882 (-22.1%), from €8,509 to €6,627
- Gross operating margin +€13,123
up €13,123 (+12.3%), from €107,082 to €120,206
- Staff costs +€8,756
up €8,756 (+8.0%), from €109,419 to €118,175
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,572 | €43,363 | +€11,791 | +37.3% |
| Fixed assets | 21/28 | €6,810 | €6,073 | -€737 | -10.8% |
| Tangible fixed assets | 22/27 | €2,056 | €1,319 | -€737 | -35.8% |
| Plant, machinery and equipment | 23 | €2,056 | €1,319 | -€737 | -35.8% |
| Financial fixed assets | 28 | €4,754 | €4,754 | = | 0.0% |
| Current assets | 29/58 | €24,762 | €37,290 | +€12,528 | +50.6% |
| Stocks and contracts in progress | 3 | €22,691 | €26,867 | +€4,176 | +18.4% |
| Stocks | 30/36 | €22,691 | €26,867 | +€4,176 | +18.4% |
| Amounts receivable within one year | 40/41 | €198 | €8,550 | +€8,352 | +4,211% |
| Trade receivables | 40 | €185 | €188 | +€3 | +1.6% |
| Other amounts receivable | 41 | €13 | €8,362 | +€8,349 | +63,780% |
| Deferred charges and accrued income | 490/1 | €1,873 | €1,873 | = | 0.0% |
| Total equity and liabilities | 10/49 | €31,572 | €43,363 | +€11,791 | +37.3% |
| Equity | 10/15 | €7,837 | €6,018 | -€1,819 | -23.2% |
| Contributions | 10/11 | €10,697 | €10,697 | = | 0.0% |
| Capital | 10 | €10,697 | €10,697 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €7,895 | €7,895 | = | 0.0% |
| Reserves | 13 | €1,850 | €1,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,850 | €1,850 | = | 0.0% |
| Legal reserve | 130 | €1,850 | €1,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,710 | -€6,529 | -€1,819 | -38.6% |
| Amounts payable | 17/49 | €23,735 | €37,345 | +€13,610 | +57.3% |
| Amounts payable after more than one year | 17 | €8,509 | €6,627 | -€1,882 | -22.1% |
| Other amounts payable | 178/9 | €8,509 | €6,627 | -€1,882 | -22.1% |
| Amounts payable within one year | 42/48 | €15,226 | €30,718 | +€15,492 | +102% |
| Current portion of amounts payable after more than one year | 42 | €2,607 | - | -€2,607 | |
| Financial debts | 43 | - | €9,423 | +€9,423 | |
| Credit institutions | 430/8 | - | €9,423 | +€9,423 | |
| Trade debts | 44 | €10,294 | €14,146 | +€3,852 | +37.4% |
| Suppliers | 440/4 | €10,294 | €14,146 | +€3,852 | +37.4% |
| Taxes, remuneration and social security | 45 | €2,325 | €7,148 | +€4,823 | +207% |
| Remuneration and social security | 454/9 | €2,325 | €7,148 | +€4,823 | +207% |
| Remuneration, social security and pensions | 62 | €109,419 | €118,175 | +€8,756 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €910 | €737 | -€174 | -19.1% |
| Other operating charges | 640/8 | €1,965 | €2,426 | +€461 | +23.5% |
| Gross operating margin | 9900 | €107,082 | €120,206 | +€13,123 | +12.3% |
| Operating profit (loss) | 9901 | -€5,212 | -€1,132 | +€4,080 | +78.3% |
| Financial charges | 65/66B | €613 | €687 | +€74 | +12.0% |
| Recurring financial charges | 65 | €613 | €687 | +€74 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,825 | -€1,819 | +€4,006 | +68.8% |
| Profit (loss) for the period | 9904 | -€5,825 | -€1,819 | +€4,006 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,825 | -€1,819 | +€4,006 | +68.8% |
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 1 November 2026 via checked.be.