M&Z ABBOUD: 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.
M&Z ABBOUD
Largest movements
- Tangible fixed assets -€14,909
down €14,909 (-26.2%), from €56,947 to €42,038
of which Furniture and vehicles: -€12,987
- Receivables within one year +€10,584
up €10,584 (+4,345%), from €244 to €10,827
of which Other amounts receivable: +€8,971
- Intangible fixed assets -€2,000
down €2,000 (-20.0%), from €10,000 to €8,000
- Cash +€1,814
new in 2024: €1,814
mainly Depreciation (+€16,909) and Tax, wage and social debts (+€9,756)
- Deferred charges and accrued income +€1,552
new in 2024: €1,552
- Debts after one year -€14,916
no longer reported in 2024 (was €14,916)
- Tax, wage and social debts +€9,756
up €9,756 (+53.7%), from €18,155 to €27,911
of which Remuneration and social security: +€19,849
- Profit (loss) carried forward +€6,411
up €6,411 (+27.8%), from -€23,084 to -€16,673
- Current portion of long-term debt -€4,780
down €4,780 (-21.7%), from €21,997 to €17,217
- Other debts +€1,931
up €1,931 (+41.3%), from €4,671 to €6,602
- Gross operating margin +€64,155
up €64,155 (+200%), from €32,011 to €96,166
- Purchases and services -€41,423
down €41,423 (-15.5%), from €267,609 to €226,186
- Staff costs +€26,890
up €26,890 (+62.9%), from €42,743 to €69,634
- Turnover +€19,271
up €19,271 (+6.5%), from €296,818 to €316,089
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,470 | €73,511 | -€2,959 | -3.9% |
| Fixed assets | 21/28 | €76,227 | €59,318 | -€16,909 | -22.2% |
| Intangible fixed assets | 21 | €10,000 | €8,000 | -€2,000 | -20.0% |
| Tangible fixed assets | 22/27 | €56,947 | €42,038 | -€14,909 | -26.2% |
| Plant, machinery and equipment | 23 | €2,899 | €977 | -€1,921 | -66.3% |
| Furniture and vehicles | 24 | €54,048 | €41,061 | -€12,987 | -24.0% |
| Financial fixed assets | 28 | €9,280 | €9,280 | = | 0.0% |
| Current assets | 29/58 | €244 | €14,193 | +€13,950 | +5,727% |
| Amounts receivable within one year | 40/41 | €244 | €10,827 | +€10,584 | +4,345% |
| Trade receivables | 40 | - | €1,613 | +€1,613 | |
| Other amounts receivable | 41 | €244 | €9,215 | +€8,971 | +3,683% |
| Cash at bank and in hand | 54/58 | - | €1,814 | +€1,814 | |
| Deferred charges and accrued income | 490/1 | - | €1,552 | +€1,552 | |
| Total equity and liabilities | 10/49 | €76,470 | €73,511 | -€2,959 | -3.9% |
| Equity | 10/15 | €6,973 | €13,384 | +€6,411 | +91.9% |
| Contributions | 10/11 | €30,057 | €30,057 | = | 0.0% |
| Capital | 10 | €30,057 | €30,057 | = | 0.0% |
| Issued capital | 100 | €30,057 | €30,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,084 | -€16,673 | +€6,411 | +27.8% |
| Amounts payable | 17/49 | €69,497 | €60,127 | -€9,370 | -13.5% |
| Amounts payable after more than one year | 17 | €14,916 | - | -€14,916 | |
| Financial debts | 170/4 | €14,916 | - | -€14,916 | |
| Amounts payable within one year | 42/48 | €54,581 | €60,127 | +€5,546 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €21,997 | €17,217 | -€4,780 | -21.7% |
| Financial debts | 43 | €912 | - | -€912 | |
| Credit institutions | 430/8 | €912 | - | -€912 | |
| Trade debts | 44 | €8,846 | €8,397 | -€448 | -5.1% |
| Suppliers | 440/4 | €8,846 | €8,397 | -€448 | -5.1% |
| Taxes, remuneration and social security | 45 | €18,155 | €27,911 | +€9,756 | +53.7% |
| Taxes | 450/3 | €10,093 | - | -€10,093 | |
| Remuneration and social security | 454/9 | €8,061 | €27,911 | +€19,849 | +246% |
| Other amounts payable | 47/48 | €4,671 | €6,602 | +€1,931 | +41.3% |
| Turnover | 70 | €296,818 | €316,089 | +€19,271 | +6.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €267,609 | €226,186 | -€41,423 | -15.5% |
| Remuneration, social security and pensions | 62 | €42,743 | €69,634 | +€26,890 | +62.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,008 | €16,909 | -€3,099 | -15.5% |
| Other operating charges | 640/8 | €1,342 | €1,569 | +€226 | +16.9% |
| Gross operating margin | 9900 | €32,011 | €96,166 | +€64,155 | +200% |
| Operating profit (loss) | 9901 | -€32,083 | €8,054 | +€40,137 | |
| Financial charges | 65/66B | €3,637 | €1,643 | -€1,994 | -54.8% |
| Recurring financial charges | 65 | €3,637 | €1,643 | -€1,994 | -54.8% |
| Profit (loss) for the period before taxes | 9903 | -€35,720 | €6,411 | +€42,131 | |
| Profit (loss) for the period | 9904 | -€35,720 | €6,411 | +€42,131 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,720 | €6,411 | +€42,131 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.