MAAZ: 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.
MAAZ
Largest movements
- Cash +€7,597
up €7,597 (+22,995%), from €33 to €7,630
mainly Net result for the year (+€13,165) and Trade debts (+€5,692)
- Tangible fixed assets +€4,467
new in 2025: €4,467
- Stocks and contracts +€4,000
up €4,000 (+19.0%), from €21,000 to €25,000
- Receivables within one year +€2,142
up €2,142 (+228%), from €941 to €3,083
of which Trade receivables: +€3,083
- Profit (loss) carried forward +€13,165
up €13,165 (+55.2%), from -€23,831 to -€10,666
- Trade debts +€5,692
up €5,692 (+564%), from €1,009 to €6,702
- Other debts -€5,233
down €5,233 (-12.4%), from €42,296 to €37,063
- Tax, wage and social debts +€4,583
new in 2025: €4,583
of which Taxes: +€3,736
- Gross operating margin +€32,995
up €32,995, from -€12,828 to €20,167
- Turnover +€20,267
up €20,267 (+34.5%), from €58,712 to €78,979
- Purchases and services -€12,729
down €12,729 (-17.8%), from €71,540 to €58,812
- Other operating charges +€1,474
up €1,474 (+730%), from €202 to €1,675
- Staff costs -€961
down €961 (-23.7%), from €4,061 to €3,100
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 | €21,974 | €40,181 | +€18,207 | +82.9% |
| Fixed assets | 21/28 | - | €4,467 | +€4,467 | |
| Tangible fixed assets | 22/27 | - | €4,467 | +€4,467 | |
| Furniture and vehicles | 24 | - | €4,467 | +€4,467 | |
| Current assets | 29/58 | €21,974 | €35,714 | +€13,740 | +62.5% |
| Stocks and contracts in progress | 3 | €21,000 | €25,000 | +€4,000 | +19.0% |
| Stocks | 30/36 | €21,000 | €25,000 | +€4,000 | +19.0% |
| Amounts receivable within one year | 40/41 | €941 | €3,083 | +€2,142 | +228% |
| Trade receivables | 40 | - | €3,083 | +€3,083 | |
| Other amounts receivable | 41 | €941 | - | -€941 | |
| Cash at bank and in hand | 54/58 | €33 | €7,630 | +€7,597 | +22,995% |
| Total equity and liabilities | 10/49 | €21,974 | €40,181 | +€18,207 | +82.9% |
| Equity | 10/15 | -€21,331 | -€8,166 | +€13,165 | +61.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,831 | -€10,666 | +€13,165 | +55.2% |
| Amounts payable | 17/49 | €43,305 | €48,347 | +€5,042 | +11.6% |
| Amounts payable within one year | 42/48 | €43,305 | €48,347 | +€5,042 | +11.6% |
| Trade debts | 44 | €1,009 | €6,702 | +€5,692 | +564% |
| Suppliers | 440/4 | €1,009 | €6,702 | +€5,692 | +564% |
| Taxes, remuneration and social security | 45 | - | €4,583 | +€4,583 | |
| Taxes | 450/3 | - | €3,736 | +€3,736 | |
| Remuneration and social security | 454/9 | - | €847 | +€847 | |
| Other amounts payable | 47/48 | €42,296 | €37,063 | -€5,233 | -12.4% |
| Turnover | 70 | €58,712 | €78,979 | +€20,267 | +34.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €71,540 | €58,812 | -€12,729 | -17.8% |
| Remuneration, social security and pensions | 62 | €4,061 | €3,100 | -€961 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €970 | €1,733 | +€762 | +78.6% |
| Other operating charges | 640/8 | €202 | €1,675 | +€1,474 | +730% |
| Non-recurring operating charges | 66A | €3,923 | - | -€3,923 | |
| Gross operating margin | 9900 | -€12,828 | €20,167 | +€32,995 | |
| Operating profit (loss) | 9901 | -€21,984 | €13,659 | +€35,643 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €50 | €494 | +€444 | +889% |
| Recurring financial charges | 65 | €50 | €494 | +€444 | +889% |
| Profit (loss) for the period before taxes | 9903 | -€22,034 | €13,165 | +€35,198 | |
| Profit (loss) for the period | 9904 | -€22,034 | €13,165 | +€35,198 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,034 | €13,165 | +€35,198 |
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.