MWAPE NGABIRE: 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.
MWAPE NGABIRE
Largest movements
- Deferred charges and accrued income +€23,400
new in 2025: €23,400
- Tangible fixed assets +€6,189
new in 2025: €6,189
of which Other tangible fixed assets: +€4,052
- Cash +€676
up €676 (+6.6%), from €10,181 to €10,856
mainly Net result for the year (+€21,063) and Tax, wage and social debts (+€4,773)
- Receivables within one year -€654
down €654 (-22.7%), from €2,882 to €2,228
- Reserves +€21,063
up €21,063 (+293%), from €7,200 to €28,264
- Tax, wage and social debts +€4,773
up €4,773 (+256%), from €1,862 to €6,635
- Trade debts +€2,939
new in 2025: €2,939
- Accrued charges and deferred income +€836
new in 2025: €836
- Gross operating margin +€21,157
up €21,157 (+235%), from €8,985 to €30,142
- Taxes +€4,773
up €4,773 (+256%), from €1,862 to €6,635
- Financial charges +€991
up €991 (+1,077%), from €92 to €1,083
- Other operating charges +€799
new in 2025: €799
- Depreciation +€717
new in 2025: €717
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
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 | €13,062 | €42,673 | +€29,611 | +227% |
| Fixed assets | 21/28 | - | €6,189 | +€6,189 | |
| Tangible fixed assets | 22/27 | - | €6,189 | +€6,189 | |
| Plant, machinery and equipment | 23 | - | €2,138 | +€2,138 | |
| Other tangible fixed assets | 26 | - | €4,052 | +€4,052 | |
| Current assets | 29/58 | €13,062 | €36,484 | +€23,422 | +179% |
| Amounts receivable within one year | 40/41 | €2,882 | €2,228 | -€654 | -22.7% |
| Other amounts receivable | 41 | €2,882 | €2,228 | -€654 | -22.7% |
| Cash at bank and in hand | 54/58 | €10,181 | €10,856 | +€676 | +6.6% |
| Deferred charges and accrued income | 490/1 | - | €23,400 | +€23,400 | |
| Total equity and liabilities | 10/49 | €13,062 | €42,673 | +€29,611 | +227% |
| Equity | 10/15 | €11,200 | €32,264 | +€21,063 | +188% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,000 | €4,000 | = | 0.0% |
| Other | 1109/19 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €7,200 | €28,264 | +€21,063 | +293% |
| Distributable reserves | 133 | €7,200 | €28,264 | +€21,063 | +293% |
| Amounts payable | 17/49 | €1,862 | €10,409 | +€8,547 | +459% |
| Amounts payable within one year | 42/48 | €1,862 | €9,573 | +€7,711 | +414% |
| Trade debts | 44 | - | €2,939 | +€2,939 | |
| Suppliers | 440/4 | - | €2,939 | +€2,939 | |
| Taxes, remuneration and social security | 45 | €1,862 | €6,635 | +€4,773 | +256% |
| Taxes | 450/3 | €1,862 | €6,635 | +€4,773 | +256% |
| Accrued charges and deferred income | 492/3 | - | €836 | +€836 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €717 | +€717 | |
| Other operating charges | 640/8 | - | €799 | +€799 | |
| Gross operating margin | 9900 | €8,985 | €30,142 | +€21,157 | +235% |
| Operating profit (loss) | 9901 | €8,985 | €28,626 | +€19,641 | +219% |
| Financial income | 75/76B | €170 | €155 | -€15 | -8.7% |
| Recurring financial income | 75 | €170 | €155 | -€15 | -8.7% |
| Financial charges | 65/66B | €92 | €1,083 | +€991 | +1,077% |
| Recurring financial charges | 65 | €92 | €1,083 | +€991 | +1,077% |
| Profit (loss) for the period before taxes | 9903 | €9,062 | €27,698 | +€18,635 | +206% |
| Income taxes | 67/77 | €1,862 | €6,635 | +€4,773 | +256% |
| Profit (loss) for the period | 9904 | €7,200 | €21,063 | +€13,863 | +193% |
| Profit (loss) for the period to be appropriated | 9905 | €7,200 | €21,063 | +€13,863 | +193% |
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 30 October 2026 via checked.be.