Maz Build: 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 Build
Largest movements
- Receivables after one year +€200,000
up €200,000 (+222%), from €90,000 to €290,000
- Receivables within one year +€21,017
up €21,017 (+188%), from €11,162 to €32,179
of which Trade receivables: +€13,458
- Reserves +€206,576
up €206,576 (+229%), from €90,180 to €296,756
- Debts after one year +€25,000
new in 2024: €25,000
- Trade debts -€7,074
down €7,074 (-36.7%), from €19,270 to €12,197
- Gross operating margin +€137,342
up €137,342 (+122%), from €112,225 to €249,567
- Financial charges +€22,756
up €22,756 (+1,965%), from €1,158 to €23,914
- Staff costs -€2,733
down €2,733 (-20.5%), from €13,332 to €10,598
- Depreciation +€2,647
up €2,647 (+184%), from €1,441 to €4,088
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 | €115,763 | €337,492 | +€221,729 | +192% |
| Fixed assets | 21/28 | €14,599 | €15,311 | +€712 | +4.9% |
| Tangible fixed assets | 22/27 | €14,599 | €15,311 | +€712 | +4.9% |
| Plant, machinery and equipment | 23 | €14,599 | €11,391 | -€3,208 | -22.0% |
| Furniture and vehicles | 24 | - | €3,920 | +€3,920 | |
| Current assets | 29/58 | €101,164 | €322,182 | +€221,017 | +218% |
| Amounts receivable after more than one year | 29 | €90,000 | €290,000 | +€200,000 | +222% |
| Other amounts receivable | 291 | €90,000 | €290,000 | +€200,000 | +222% |
| Amounts receivable within one year | 40/41 | €11,162 | €32,179 | +€21,017 | +188% |
| Trade receivables | 40 | €6,414 | €19,872 | +€13,458 | +210% |
| Other amounts receivable | 41 | €4,748 | €12,307 | +€7,559 | +159% |
| Cash at bank and in hand | 54/58 | €2 | €2 | +€0 | +11.2% |
| Total equity and liabilities | 10/49 | €115,763 | €337,492 | +€221,729 | +192% |
| Equity | 10/15 | €93,180 | €299,756 | +€206,576 | +222% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €90,180 | €296,756 | +€206,576 | +229% |
| Distributable reserves | 133 | €90,180 | €296,756 | +€206,576 | +229% |
| Amounts payable | 17/49 | €22,583 | €37,737 | +€15,153 | +67.1% |
| Amounts payable after more than one year | 17 | - | €25,000 | +€25,000 | |
| Other amounts payable | 178/9 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €22,583 | €12,737 | -€9,847 | -43.6% |
| Trade debts | 44 | €19,270 | €12,197 | -€7,074 | -36.7% |
| Suppliers | 440/4 | €19,270 | €12,197 | -€7,074 | -36.7% |
| Taxes, remuneration and social security | 45 | - | €540 | +€540 | |
| Taxes | 450/3 | - | €540 | +€540 | |
| Other amounts payable | 47/48 | €3,313 | - | -€3,313 | |
| Remuneration, social security and pensions | 62 | €13,332 | €10,598 | -€2,733 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,441 | €4,088 | +€2,647 | +184% |
| Other operating charges | 640/8 | €6,115 | €5,652 | -€463 | -7.6% |
| Gross operating margin | 9900 | €112,225 | €249,567 | +€137,342 | +122% |
| Operating profit (loss) | 9901 | €91,337 | €229,229 | +€137,892 | +151% |
| Financial income | 75/76B | €0 | €1,261 | +€1,261 | |
| Recurring financial income | 75 | €0 | €1,261 | +€1,261 | |
| Financial charges | 65/66B | €1,158 | €23,914 | +€22,756 | +1,965% |
| Recurring financial charges | 65 | €1,158 | €23,914 | +€22,756 | +1,965% |
| Profit (loss) for the period before taxes | 9903 | €90,180 | €206,576 | +€116,397 | +129% |
| Profit (loss) for the period | 9904 | €90,180 | €206,576 | +€116,397 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €90,180 | €206,576 | +€116,397 | +129% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.