MAZ CONSTRUCT: 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 CONSTRUCT
Largest movements
- Tangible fixed assets -€960
down €960 (-77.8%), from €1,234 to €274
- Cash -€155
down €155 (-43.7%), from €354 to €199
mainly Net result for the year (-€1,231) and Trade debts (-€119)
- Profit (loss) carried forward -€1,231
down €1,231 (-7.7%), from -€15,916 to -€17,147
- Other debts +€299
up €299 (+1.9%), from €15,810 to €16,109
- Trade debts -€119
no longer reported in 2025 (was €119)
- Gross operating margin +€675
up €675 (+51.1%), from -€1,321 to -€646
- Financial charges -€66
no longer reported in 2025 (was €66)
- Financial income -€36
down €36 (-8.7%), from €411 to €375
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 | €11,011 | €9,960 | -€1,051 | -9.5% |
| Fixed assets | 21/28 | €1,234 | €274 | -€960 | -77.8% |
| Tangible fixed assets | 22/27 | €1,234 | €274 | -€960 | -77.8% |
| Furniture and vehicles | 24 | €1,234 | €274 | -€960 | -77.8% |
| Current assets | 29/58 | €9,778 | €9,687 | -€91 | -0.9% |
| Amounts receivable within one year | 40/41 | €9,424 | €9,487 | +€64 | +0.7% |
| Other amounts receivable | 41 | €9,424 | €9,487 | +€64 | +0.7% |
| Cash at bank and in hand | 54/58 | €354 | €199 | -€155 | -43.7% |
| Total equity and liabilities | 10/49 | €11,011 | €9,960 | -€1,051 | -9.5% |
| Equity | 10/15 | -€4,918 | -€6,149 | -€1,231 | -25.0% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €4,748 | €4,748 | = | 0.0% |
| Non-distributable reserves | 130/1 | €298 | €298 | = | 0.0% |
| Reserves not available under the articles | 1311 | €298 | €298 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,450 | €4,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,916 | -€17,147 | -€1,231 | -7.7% |
| Amounts payable | 17/49 | €15,929 | €16,109 | +€180 | +1.1% |
| Amounts payable within one year | 42/48 | €15,929 | €16,109 | +€180 | +1.1% |
| Trade debts | 44 | €119 | - | -€119 | |
| Suppliers | 440/4 | €119 | - | -€119 | |
| Other amounts payable | 47/48 | €15,810 | €16,109 | +€299 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €960 | €960 | = | 0.0% |
| Gross operating margin | 9900 | -€1,321 | -€646 | +€675 | +51.1% |
| Operating profit (loss) | 9901 | -€2,281 | -€1,606 | +€675 | +29.6% |
| Financial income | 75/76B | €411 | €375 | -€36 | -8.7% |
| Recurring financial income | 75 | €411 | €375 | -€36 | -8.7% |
| Financial charges | 65/66B | €66 | - | -€66 | |
| Recurring financial charges | 65 | €66 | - | -€66 | |
| Profit (loss) for the period before taxes | 9903 | -€1,936 | -€1,231 | +€705 | +36.4% |
| Profit (loss) for the period | 9904 | -€1,936 | -€1,231 | +€705 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,936 | -€1,231 | +€705 | +36.4% |
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 10 October 2026 via checked.be.