MAZ: 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.
MAZ
Largest movements
- Cash +€15,963
up €15,963 (+2,074%), from €770 to €16,733
mainly Net result for the year (+€22,718) and Depreciation (+€3,553)
- Tangible fixed assets -€6,076
down €6,076 (-73.1%), from €8,313 to €2,237
of which Furniture and vehicles: -€5,356
- Profit (loss) carried forward +€22,582
up €22,582, from -€6,627 to €15,956
- Trade debts -€13,997
down €13,997 (-83.1%), from €16,841 to €2,845
- Tax, wage and social debts +€1,415
up €1,415 (+13.2%), from €10,709 to €12,124
of which Taxes: +€5,415
- Gross operating margin +€26,018
up €26,018 (+315%), from €8,254 to €34,271
- Turnover +€23,483
up €23,483 (+74.9%), from €31,351 to €54,834
- Purchases and services -€8,006
down €8,006 (-28.0%), from €28,569 to €20,563
- Taxes +€5,319
new in 2025: €5,319
- Other operating charges -€841
down €841 (-84.2%), from €999 to €157
From the 13-02-2025 result to the 31-12-2025 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 13-02-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 13-02-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,188 | €32,187 | +€9,999 | +45.1% |
| Fixed assets | 21/28 | €8,313 | €2,237 | -€6,076 | -73.1% |
| Tangible fixed assets | 22/27 | €8,313 | €2,237 | -€6,076 | -73.1% |
| Plant, machinery and equipment | 23 | €2,957 | €2,237 | -€720 | -24.3% |
| Furniture and vehicles | 24 | €5,356 | - | -€5,356 | |
| Current assets | 29/58 | €13,874 | €29,950 | +€16,076 | +116% |
| Stocks and contracts in progress | 3 | €13,105 | €13,105 | = | 0.0% |
| Stocks | 30/36 | €13,105 | €13,105 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €770 | €16,733 | +€15,963 | +2,074% |
| Deferred charges and accrued income | 490/1 | - | €112 | +€112 | |
| Total equity and liabilities | 10/49 | €22,188 | €32,187 | +€9,999 | +45.1% |
| Equity | 10/15 | -€6,627 | €15,956 | +€22,582 | |
| Profit (loss) carried forward | 14 | -€6,627 | €15,956 | +€22,582 | |
| Amounts payable | 17/49 | €28,815 | €16,232 | -€12,583 | -43.7% |
| Amounts payable within one year | 42/48 | €28,815 | €16,232 | -€12,583 | -43.7% |
| Trade debts | 44 | €16,841 | €2,845 | -€13,997 | -83.1% |
| Suppliers | 440/4 | €16,841 | €2,845 | -€13,997 | -83.1% |
| Taxes, remuneration and social security | 45 | €10,709 | €12,124 | +€1,415 | +13.2% |
| Taxes | 450/3 | €6,104 | €11,518 | +€5,415 | +88.7% |
| Remuneration and social security | 454/9 | €4,606 | €606 | -€4,000 | -86.8% |
| Other amounts payable | 47/48 | €1,264 | €1,263 | -€1 | -0.1% |
| Turnover | 70 | €31,351 | €54,834 | +€23,483 | +74.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €28,569 | €20,563 | -€8,006 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,476 | €3,553 | +€77 | +2.2% |
| Other operating charges | 640/8 | €999 | €157 | -€841 | -84.2% |
| Non-recurring operating charges | 66A | - | €2,523 | +€2,523 | |
| Gross operating margin | 9900 | €8,254 | €34,271 | +€26,018 | +315% |
| Operating profit (loss) | 9901 | €3,779 | €28,038 | +€24,259 | +642% |
| Financial charges | 65/66B | €397 | €1 | -€396 | -99.7% |
| Recurring financial charges | 65 | €397 | €1 | -€396 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €3,382 | €28,037 | +€24,655 | +729% |
| Income taxes | 67/77 | - | €5,319 | +€5,319 | |
| Profit (loss) for the period | 9904 | €3,382 | €22,718 | +€19,336 | +572% |
| Profit (loss) for the period to be appropriated | 9905 | €3,382 | €22,718 | +€19,336 | +572% |
Source: filed annual accounts (NBB), financial years ended 13 February 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.