MOWI TRADING: what changed
MOWI TRADING
Largest movements
- Cash -€528,461
no longer reported in 2026 (was €528,461)
mainly Current investments (-€500,000) and Deferred charges and accrued income (-€307,670)
- Current investments +€500,000
new in 2026: €500,000
- Deferred charges and accrued income +€307,670
new in 2026: €307,670
- Receivables within one year -€85,251
down €85,251 (-99.7%), from €85,508 to €257
- Tangible fixed assets -€29,900
down €29,900 (-6.3%), from €477,735 to €447,835
of which Land and buildings: -€18,611
- Other debts +€109,277
up €109,277 (+32.3%), from €338,664 to €447,941
- Reserves +€104,358
up €104,358 (+34.8%), from €299,866 to €404,224
- Debts after one year -€33,539
down €33,539 (-8.6%), from €389,665 to €356,126
- Tax, wage and social debts -€17,830
down €17,830 (-56.8%), from €31,374 to €13,544
- Gross operating margin +€77,161
up €77,161 (+40.9%), from €188,815 to €265,976
- Taxes +€21,133
up €21,133 (+71.2%), from €29,702 to €50,835
- Financial charges +€5,270
up €5,270 (+41.8%), from €12,598 to €17,868
- Staff costs -€5,051
no longer reported in 2026 (was €5,051)
- Financial income +€3,160
up €3,160 (+79,000%), from €4 to €3,164
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,094,654 | €1,255,762 | +€161,108 | +14.7% |
| Fixed assets | 21/28 | €480,685 | €447,835 | -€32,850 | -6.8% |
| Tangible fixed assets | 22/27 | €477,735 | €447,835 | -€29,900 | -6.3% |
| Land and buildings | 22 | €422,524 | €403,913 | -€18,611 | -4.4% |
| Furniture and vehicles | 24 | €2,831 | €2,018 | -€813 | -28.7% |
| Other tangible fixed assets | 26 | €52,380 | €41,904 | -€10,476 | -20.0% |
| Financial fixed assets | 28 | €2,950 | - | -€2,950 | |
| Current assets | 29/58 | €613,969 | €807,927 | +€193,958 | +31.6% |
| Amounts receivable within one year | 40/41 | €85,508 | €257 | -€85,251 | -99.7% |
| Trade receivables | 40 | €85,508 | €257 | -€85,251 | -99.7% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €528,461 | - | -€528,461 | |
| Deferred charges and accrued income | 490/1 | - | €307,670 | +€307,670 | |
| Total equity and liabilities | 10/49 | €1,094,654 | €1,255,762 | +€161,108 | +14.7% |
| Equity | 10/15 | €299,866 | €404,224 | +€104,358 | +34.8% |
| Reserves | 13 | €299,866 | €404,224 | +€104,358 | +34.8% |
| Distributable reserves | 133 | €299,866 | €404,224 | +€104,358 | +34.8% |
| Amounts payable | 17/49 | €794,788 | €851,538 | +€56,750 | +7.1% |
| Amounts payable after more than one year | 17 | €389,665 | €356,126 | -€33,539 | -8.6% |
| Financial debts | 170/4 | €389,665 | €356,126 | -€33,539 | -8.6% |
| Amounts payable within one year | 42/48 | €405,123 | €495,024 | +€89,901 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €32,422 | €33,539 | +€1,117 | +3.4% |
| Trade debts | 44 | €2,663 | - | -€2,663 | |
| Suppliers | 440/4 | €2,663 | - | -€2,663 | |
| Taxes, remuneration and social security | 45 | €31,374 | €13,544 | -€17,830 | -56.8% |
| Taxes | 450/3 | €31,374 | €13,544 | -€17,830 | -56.8% |
| Other amounts payable | 47/48 | €338,664 | €447,941 | +€109,277 | +32.3% |
| Accrued charges and deferred income | 492/3 | - | €388 | +€388 | |
| Remuneration, social security and pensions | 62 | €5,051 | - | -€5,051 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,257 | €29,900 | -€357 | -1.2% |
| Other operating charges | 640/8 | €8,944 | €9,200 | +€256 | +2.9% |
| Gross operating margin | 9900 | €188,815 | €265,976 | +€77,161 | +40.9% |
| Operating profit (loss) | 9901 | €144,563 | €226,876 | +€82,313 | +56.9% |
| Financial income | 75/76B | €4 | €3,164 | +€3,160 | +79,000% |
| Recurring financial income | 75 | €4 | €3,164 | +€3,160 | +79,000% |
| Financial charges | 65/66B | €12,598 | €17,868 | +€5,270 | +41.8% |
| Recurring financial charges | 65 | €12,598 | €17,868 | +€5,270 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €131,969 | €212,172 | +€80,203 | +60.8% |
| Income taxes | 67/77 | €29,702 | €50,835 | +€21,133 | +71.2% |
| Profit (loss) for the period | 9904 | €102,267 | €161,337 | +€59,070 | +57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €102,267 | €161,337 | +€59,070 | +57.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.