MAIZON: what changed
Two fiscal 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.
MAIZON
Largest movements
- Cash -€71,419
down €71,419 (-55.9%), from €127,814 to €56,395
mainly Other debts (-€88,430) and Stocks and contracts (-€20,826)
- Tangible fixed assets -€23,649
down €23,649 (-4.0%), from €591,221 to €567,572
- Stocks and contracts +€20,826
up €20,826 (+319.9%), from €6,510 to €27,336
- Other debts -€88,430
down €88,430 (-23.1%), from €382,671 to €294,241
- Trade debts +€16,270
up €16,270 (+5619.0%), from €290 to €16,560
- Gross operating margin -€22,707
down €22,707 (-47.8%), from €47,455 to €24,748
- Taxes -€4,870
no longer reported in 2025 (was €4,870)
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.
Cash bridge derived
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 | €736,759 | €656,262 | -€80,497 | -10.9% |
| Fixed assets | 21/28 | €591,221 | €567,572 | -€23,649 | -4.0% |
| Tangible fixed assets | 22/27 | €591,221 | €567,572 | -€23,649 | -4.0% |
| Land and buildings | 22 | €591,221 | €567,572 | -€23,649 | -4.0% |
| Current assets | 29/58 | €145,539 | €88,690 | -€56,849 | -39.1% |
| Stocks and contracts in progress | 3 | €6,510 | €27,336 | +€20,826 | +319.9% |
| Stocks | 30/36 | €6,510 | €27,336 | +€20,826 | +319.9% |
| Amounts receivable within one year | 40/41 | €11,214 | €4,959 | -€6,255 | -55.8% |
| Trade receivables | 40 | €9,672 | €2,000 | -€7,672 | -79.3% |
| Other amounts receivable | 41 | €1,543 | €2,959 | +€1,416 | +91.8% |
| Cash at bank and in hand | 54/58 | €127,814 | €56,395 | -€71,419 | -55.9% |
| Total equity and liabilities | 10/49 | €736,759 | €656,262 | -€80,497 | -10.9% |
| Equity | 10/15 | €346,286 | €342,338 | -€3,947 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €327,686 | €323,738 | -€3,947 | -1.2% |
| Amounts payable | 17/49 | €390,474 | €313,924 | -€76,550 | -19.6% |
| Amounts payable within one year | 42/48 | €387,746 | €310,801 | -€76,945 | -19.8% |
| Trade debts | 44 | €290 | €16,560 | +€16,270 | +5619.0% |
| Suppliers | 440/4 | €290 | €16,560 | +€16,270 | +5619.0% |
| Taxes, remuneration and social security | 45 | €4,786 | - | -€4,786 | |
| Taxes | 450/3 | €4,786 | - | -€4,786 | |
| Other amounts payable | 47/48 | €382,671 | €294,241 | -€88,430 | -23.1% |
| Accrued charges and deferred income | 492/3 | €2,728 | €3,123 | +€395 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,649 | €23,649 | = | 0.0% |
| Other operating charges | 640/8 | €4,385 | €4,520 | +€135 | +3.1% |
| Gross operating margin | 9900 | €47,455 | €24,748 | -€22,707 | -47.8% |
| Operating profit (loss) | 9901 | €19,422 | -€3,421 | -€22,842 | |
| Financial income | 75/76B | €0 | €28 | +€28 | +21600.0% |
| Recurring financial income | 75 | €0 | €28 | +€28 | +21600.0% |
| Financial charges | 65/66B | €448 | €555 | +€107 | +23.9% |
| Recurring financial charges | 65 | €448 | €555 | +€107 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | €18,974 | -€3,947 | -€22,921 | |
| Income taxes | 67/77 | €4,870 | - | -€4,870 | |
| Profit (loss) for the period | 9904 | €14,104 | -€3,947 | -€18,051 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,104 | -€3,947 | -€18,051 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.