MAZ IMMO: 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.
MAZ IMMO
Largest movements
- Cash +€8,192
up €8,192 (+71.1%), from €11,518 to €19,711
mainly Net result for the year (+€12,884) and Tax, wage and social debts (+€3,704)
- Receivables within one year +€6,084
up €6,084 (+139.2%), from €4,371 to €10,454
of which Trade receivables: +€6,104
- Profit (loss) carried forward +€11,595
up €11,595 (+243.1%), from €4,769 to €16,365
- Tax, wage and social debts +€3,704
up €3,704 (+86.8%), from €4,268 to €7,972
of which Taxes: +€2,404
- Other debts -€704
down €704 (-18.2%), from €3,862 to €3,158
- Trade debts -€586
down €586 (-74.9%), from €783 to €197
- Gross operating margin +€5,740
up €5,740 (+43.7%), from €13,122 to €18,862
- Taxes +€1,684
up €1,684 (+66.2%), from €2,546 to €4,230
- Financial charges +€1,391
up €1,391 (+3504.7%), from €40 to €1,431
- Depreciation +€260
up €260 (+3965.1%), from €7 to €267
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 | €16,682 | €30,692 | +€14,009 | +84.0% |
| Fixed assets | 21/28 | €793 | €527 | -€267 | -33.6% |
| Tangible fixed assets | 22/27 | €793 | €527 | -€267 | -33.6% |
| Furniture and vehicles | 24 | €793 | €527 | -€267 | -33.6% |
| Current assets | 29/58 | €15,889 | €30,165 | +€14,276 | +89.8% |
| Amounts receivable within one year | 40/41 | €4,371 | €10,454 | +€6,084 | +139.2% |
| Trade receivables | 40 | €4,351 | €10,454 | +€6,104 | +140.3% |
| Other amounts receivable | 41 | €20 | - | -€20 | |
| Cash at bank and in hand | 54/58 | €11,518 | €19,711 | +€8,192 | +71.1% |
| Total equity and liabilities | 10/49 | €16,682 | €30,692 | +€14,009 | +84.0% |
| Equity | 10/15 | €7,769 | €19,365 | +€11,595 | +149.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,769 | €16,365 | +€11,595 | +243.1% |
| Amounts payable | 17/49 | €8,913 | €11,327 | +€2,414 | +27.1% |
| Amounts payable within one year | 42/48 | €8,913 | €11,327 | +€2,414 | +27.1% |
| Trade debts | 44 | €783 | €197 | -€586 | -74.9% |
| Suppliers | 440/4 | €783 | €197 | -€586 | -74.9% |
| Taxes, remuneration and social security | 45 | €4,268 | €7,972 | +€3,704 | +86.8% |
| Taxes | 450/3 | €4,268 | €6,672 | +€2,404 | +56.3% |
| Remuneration and social security | 454/9 | - | €1,300 | +€1,300 | |
| Other amounts payable | 47/48 | €3,862 | €3,158 | -€704 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7 | €267 | +€260 | +3965.1% |
| Other operating charges | 640/8 | - | €50 | +€50 | |
| Gross operating margin | 9900 | €13,122 | €18,862 | +€5,740 | +43.7% |
| Operating profit (loss) | 9901 | €13,115 | €18,545 | +€5,430 | +41.4% |
| Financial charges | 65/66B | €40 | €1,431 | +€1,391 | +3504.7% |
| Recurring financial charges | 65 | €40 | €1,431 | +€1,391 | +3504.7% |
| Profit (loss) for the period before taxes | 9903 | €13,075 | €17,114 | +€4,039 | +30.9% |
| Income taxes | 67/77 | €2,546 | €4,230 | +€1,684 | +66.2% |
| Profit (loss) for the period | 9904 | €10,529 | €12,884 | +€2,354 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,529 | €12,884 | +€2,354 | +22.4% |
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 2 October 2026 via checked.be.