Mwikalo Consult: 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.
Mwikalo Consult
Largest movements
- Tangible fixed assets -€20,273
down €20,273 (-20.7%), from €97,863 to €77,590
of which Land and buildings: -€20,717
- Receivables after one year +€15,827
up €15,827 (+69.7%), from €22,718 to €38,545
- Cash +€11,700
up €11,700 (+38.7%), from €30,265 to €41,965
mainly Net result for the year (+€36,775) and Depreciation (+€22,324)
- Receivables within one year -€3,342
down €3,342 (-9.4%), from €35,528 to €32,186
- Reserves +€26,394
up €26,394 (+20.9%), from €126,447 to €152,841
of which Distributable reserves: +€26,394
- Current portion of long-term debt -€14,370
down €14,370 (-60.0%), from €23,939 to €9,569
- Debts after one year -€9,569
down €9,569 (-80.7%), from €11,857 to €2,288
- Gross operating margin +€2,411
up €2,411 (+3.1%), from €77,470 to €79,881
- Financial charges -€1,436
down €1,436 (-53.9%), from €2,664 to €1,228
- Taxes +€973
up €973 (+6.3%), from €15,381 to €16,355
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 | €189,358 | €193,478 | +€4,120 | +2.2% |
| Fixed assets | 21/28 | €97,863 | €77,590 | -€20,273 | -20.7% |
| Tangible fixed assets | 22/27 | €97,863 | €77,590 | -€20,273 | -20.7% |
| Land and buildings | 22 | €93,331 | €72,614 | -€20,717 | -22.2% |
| Plant, machinery and equipment | 23 | €4,384 | €3,852 | -€532 | -12.1% |
| Furniture and vehicles | 24 | €148 | €1,124 | +€976 | +660% |
| Current assets | 29/58 | €91,495 | €115,889 | +€24,393 | +26.7% |
| Amounts receivable after more than one year | 29 | €22,718 | €38,545 | +€15,827 | +69.7% |
| Other amounts receivable | 291 | €22,718 | €38,545 | +€15,827 | +69.7% |
| Amounts receivable within one year | 40/41 | €35,528 | €32,186 | -€3,342 | -9.4% |
| Trade receivables | 40 | €35,528 | €32,186 | -€3,342 | -9.4% |
| Cash at bank and in hand | 54/58 | €30,265 | €41,965 | +€11,700 | +38.7% |
| Deferred charges and accrued income | 490/1 | €2,985 | €3,193 | +€207 | +6.9% |
| Total equity and liabilities | 10/49 | €189,358 | €193,478 | +€4,120 | +2.2% |
| Equity | 10/15 | €145,039 | €171,433 | +€26,394 | +18.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €126,447 | €152,841 | +€26,394 | +20.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €124,588 | €150,982 | +€26,394 | +21.2% |
| Amounts payable | 17/49 | €44,319 | €22,045 | -€22,274 | -50.3% |
| Amounts payable after more than one year | 17 | €11,857 | €2,288 | -€9,569 | -80.7% |
| Financial debts | 170/4 | €11,857 | €2,288 | -€9,569 | -80.7% |
| Amounts payable within one year | 42/48 | €32,462 | €19,757 | -€12,705 | -39.1% |
| Current portion of amounts payable after more than one year | 42 | €23,939 | €9,569 | -€14,370 | -60.0% |
| Trade debts | 44 | €4,571 | €5,428 | +€858 | +18.8% |
| Suppliers | 440/4 | €4,571 | €5,428 | +€858 | +18.8% |
| Taxes, remuneration and social security | 45 | €3,952 | €4,760 | +€808 | +20.4% |
| Taxes | 450/3 | €3,952 | €4,760 | +€808 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,553 | €22,324 | -€229 | -1.0% |
| Other operating charges | 640/8 | €2,762 | €3,200 | +€438 | +15.9% |
| Gross operating margin | 9900 | €77,470 | €79,881 | +€2,411 | +3.1% |
| Operating profit (loss) | 9901 | €52,155 | €54,357 | +€2,202 | +4.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,664 | €1,228 | -€1,436 | -53.9% |
| Recurring financial charges | 65 | €2,664 | €1,228 | -€1,436 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | €49,491 | €53,129 | +€3,638 | +7.4% |
| Income taxes | 67/77 | €15,381 | €16,355 | +€973 | +6.3% |
| Profit (loss) for the period | 9904 | €34,110 | €36,775 | +€2,665 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,110 | €36,775 | +€2,665 | +7.8% |
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 20 October 2026 via checked.be.