IMMO MAZY105: what changed
What changed
IMMO MAZY105
filed annual accounts (NBB)
Net result for the year
-€18,377
2024 · -€7,036-€11,341
Equity
€234,626
2024 · €253,003-€18,377
Cash
€35,579
2024 · €48,303-€12,724
Balance sheet total
€763,836
2024 · €444,925+€318,911
Largest movements
Assets
- Tangible fixed assets +€331,471
up €331,471 (+84.0%), from €394,699 to €726,170
- Cash -€12,724
down €12,724 (-26.3%), from €48,303 to €35,579
mainly Investment in fixed assets (net) (-€360,871) and Net result for the year (-€18,377)
Equity and liabilities
- Debts after one year +€336,563
up €336,563 (+27,142%), from €1,240 to €337,803
- Profit (loss) carried forward -€15,293
down €15,293 (-29.7%), from €51,518 to €36,225
- Trade debts +€8,172
up €8,172 (+3,613%), from €226 to €8,398
Income statement
- Depreciation +€8,478
up €8,478 (+40.5%), from €20,922 to €29,399
- Financial charges +€4,581
up €4,581 (+42.2%), from €10,848 to €15,429
- Gross operating margin +€2,224
up €2,224 (+7.0%), from €31,622 to €33,846
- Other operating charges +€639
up €639 (+7.6%), from €8,353 to €8,992
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€7,036
Gross operating margin
+€2,224
Depreciation
-€8,478
Other operating charges
-€639
Financial income
+€148
Financial charges
-€4,581
Taxes
-€16
Result 2025
-€18,377
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€11,392
Investment
-€360,871
Financing
+€336,755
Cash 2024
€48,303
From operations (derived)
+€11,392
Net result for the year
-€18,377
Depreciation
+€29,399
Smaller working-capital items
-€864
Provisions
-€1,588
Trade debts
+€8,172
Tax, wage and social debts
-€925
Other debts
-€4,425
Investment (derived)
-€360,871
Investment in fixed assets (net)
-€360,871
Financing
+€336,755
Debts after one year
+€336,563
Current portion of long-term debt
+€192
Cash 2025
€35,579
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €444,925 | €763,836 | +€318,911 | +71.7% |
| Fixed assets | 21/28 | €395,899 | €727,370 | +€331,471 | +83.7% |
| Tangible fixed assets | 22/27 | €394,699 | €726,170 | +€331,471 | +84.0% |
| Land and buildings | 22 | €394,699 | €726,170 | +€331,471 | +84.0% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €49,026 | €36,466 | -€12,560 | -25.6% |
| Cash at bank and in hand | 54/58 | €48,303 | €35,579 | -€12,724 | -26.3% |
| Deferred charges and accrued income | 490/1 | €723 | €887 | +€164 | +22.7% |
| Total equity and liabilities | 10/49 | €444,925 | €763,836 | +€318,911 | +71.7% |
| Equity | 10/15 | €253,003 | €234,626 | -€18,377 | -7.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €139,511 | €136,427 | -€3,084 | -2.2% |
| Tax-exempt reserves | 132 | €61,777 | €58,692 | -€3,084 | -5.0% |
| Distributable reserves | 133 | €77,734 | €77,734 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,518 | €36,225 | -€15,293 | -29.7% |
| Provisions and deferred taxes | 16 | €31,810 | €30,222 | -€1,588 | -5.0% |
| Deferred taxes | 168 | €31,810 | €30,222 | -€1,588 | -5.0% |
| Amounts payable | 17/49 | €160,112 | €498,989 | +€338,877 | +212% |
| Amounts payable after more than one year | 17 | €1,240 | €337,803 | +€336,563 | +27,142% |
| Other amounts payable | 178/9 | €1,240 | €337,803 | +€336,563 | +27,142% |
| Amounts payable within one year | 42/48 | €158,172 | €161,186 | +€3,014 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €13,246 | €13,437 | +€192 | +1.4% |
| Trade debts | 44 | €226 | €8,398 | +€8,172 | +3,613% |
| Suppliers | 440/4 | €226 | €8,398 | +€8,172 | +3,613% |
| Taxes, remuneration and social security | 45 | €3,574 | €2,649 | -€925 | -25.9% |
| Taxes | 450/3 | €3,574 | €2,649 | -€925 | -25.9% |
| Other amounts payable | 47/48 | €141,127 | €136,702 | -€4,425 | -3.1% |
| Accrued charges and deferred income | 492/3 | €700 | - | -€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,922 | €29,399 | +€8,478 | +40.5% |
| Other operating charges | 640/8 | €8,353 | €8,992 | +€639 | +7.6% |
| Gross operating margin | 9900 | €31,622 | €33,846 | +€2,224 | +7.0% |
| Operating profit (loss) | 9901 | €2,347 | -€4,545 | -€6,892 | |
| Financial income | 75/76B | €165 | €314 | +€148 | +89.6% |
| Recurring financial income | 75 | €165 | €314 | +€148 | +89.6% |
| Financial charges | 65/66B | €10,848 | €15,429 | +€4,581 | +42.2% |
| Recurring financial charges | 65 | €10,848 | €15,429 | +€4,581 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,335 | -€19,660 | -€11,325 | -136% |
| Transfer from deferred taxes | 780 | €1,588 | €1,588 | = | 0.0% |
| Income taxes | 67/77 | €289 | €305 | +€16 | +5.7% |
| Profit (loss) for the period | 9904 | -€7,036 | -€18,377 | -€11,341 | -161% |
| Transfer from tax-exempt reserves | 789 | €3,084 | €3,084 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,952 | -€15,293 | -€11,341 | -287% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.