IMMO - MAZY: 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.
IMMO - MAZY
Largest movements
- Tangible fixed assets -€21,248
down €21,248 (-6.0%), from €352,250 to €331,003
- Debts after one year -€14,253
down €14,253 (-2.9%), from €496,626 to €482,372
of which Financial debts: -€30,253
- Other debts +€13,612
up €13,612 (+279%), from €4,879 to €18,491
- Profit (loss) carried forward -€12,993
down €12,993 (-18.4%), from -€70,665 to -€83,658
- Gross operating margin -€2,649
down €2,649 (-10.4%), from €25,442 to €22,792
- Other operating charges -€1,776
down €1,776 (-53.4%), from €3,328 to €1,552
- Financial charges -€792
down €792 (-3.6%), from €22,011 to €21,219
- Depreciation -€436
down €436 (-2.0%), from €21,683 to €21,248
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 | €853,285 | €830,689 | -€22,597 | -2.6% |
| Fixed assets | 21/28 | €849,850 | €828,603 | -€21,248 | -2.5% |
| Tangible fixed assets | 22/27 | €352,250 | €331,003 | -€21,248 | -6.0% |
| Land and buildings | 22 | €352,250 | €331,003 | -€21,248 | -6.0% |
| Financial fixed assets | 28 | €497,600 | €497,600 | = | 0.0% |
| Current assets | 29/58 | €3,435 | €2,086 | -€1,349 | -39.3% |
| Amounts receivable within one year | 40/41 | €1,400 | - | -€1,400 | |
| Trade receivables | 40 | €1,400 | - | -€1,400 | |
| Cash at bank and in hand | 54/58 | €2,035 | €2,086 | +€51 | +2.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | -€0 | |
| Total equity and liabilities | 10/49 | €853,285 | €830,689 | -€22,597 | -2.6% |
| Equity | 10/15 | €92,724 | €74,008 | -€18,715 | -20.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €101,415 | €95,692 | -€5,723 | -5.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €95,218 | €89,495 | -€5,723 | -6.0% |
| Profit (loss) carried forward | 14 | -€70,665 | -€83,658 | -€12,993 | -18.4% |
| Provisions and deferred taxes | 16 | €35,821 | €33,542 | -€2,279 | -6.4% |
| Deferred taxes | 168 | €35,821 | €33,542 | -€2,279 | -6.4% |
| Amounts payable | 17/49 | €724,741 | €723,138 | -€1,603 | -0.2% |
| Amounts payable after more than one year | 17 | €496,626 | €482,372 | -€14,253 | -2.9% |
| Financial debts | 170/4 | €317,268 | €287,015 | -€30,253 | -9.5% |
| Other amounts payable | 178/9 | €179,358 | €195,358 | +€16,000 | +8.9% |
| Amounts payable within one year | 42/48 | €228,094 | €240,766 | +€12,672 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €29,133 | €30,253 | +€1,120 | +3.8% |
| Financial debts | 43 | €192,000 | €192,000 | = | 0.0% |
| Other loans | 439 | €192,000 | €192,000 | = | 0.0% |
| Trade debts | 44 | €2,081 | €21 | -€2,060 | -99.0% |
| Suppliers | 440/4 | €2,081 | €21 | -€2,060 | -99.0% |
| Other amounts payable | 47/48 | €4,879 | €18,491 | +€13,612 | +279% |
| Accrued charges and deferred income | 492/3 | €21 | €0 | -€21 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,683 | €21,248 | -€436 | -2.0% |
| Other operating charges | 640/8 | €3,328 | €1,552 | -€1,776 | -53.4% |
| Gross operating margin | 9900 | €25,442 | €22,792 | -€2,649 | -10.4% |
| Operating profit (loss) | 9901 | €431 | -€7 | -€438 | |
| Financial income | 75/76B | €31 | €232 | +€201 | +650% |
| Recurring financial income | 75 | €31 | €232 | +€201 | +650% |
| Financial charges | 65/66B | €22,011 | €21,219 | -€792 | -3.6% |
| Recurring financial charges | 65 | €22,011 | €21,219 | -€792 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,549 | -€20,994 | +€555 | +2.6% |
| Transfer from deferred taxes | 780 | €2,279 | €2,279 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€19,270 | -€18,715 | +€555 | +2.9% |
| Transfer from tax-exempt reserves | 789 | €5,723 | €5,723 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,548 | -€12,993 | +€555 | +4.1% |
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 19 October 2026 via checked.be.