MAZ.OK: 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.OK
Largest movements
- Receivables within one year +€4,022
new in 2025: €4,022
- Tangible fixed assets -€1,413
down €1,413 (-48.4%), from €2,920 to €1,507
of which Plant, machinery and equipment: -€937
- Cash +€608
up €608 (+35.1%), from €1,734 to €2,342
mainly Other debts (+€3,750) and Net result for the year (+€2,327)
- Stocks and contracts -€541
down €541 (-21.4%), from €2,521 to €1,980
- Other debts +€3,750
up €3,750 (+30.6%), from €12,272 to €16,022
- Trade debts -€3,116
down €3,116 (-62.9%), from €4,951 to €1,835
- Profit (loss) carried forward +€2,327
up €2,327 (+7.8%), from -€29,956 to -€27,629
- Tax, wage and social debts -€284
no longer reported in 2025 (was €284)
- Gross operating margin +€4,850
up €4,850, from -€208 to €4,641
- Depreciation -€504
down €504 (-26.3%), from €1,916 to €1,413
- Financial charges -€116
down €116 (-13.0%), from €888 to €773
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 | €7,174 | €9,851 | +€2,677 | +37.3% |
| Fixed assets | 21/28 | €2,920 | €1,507 | -€1,413 | -48.4% |
| Tangible fixed assets | 22/27 | €2,920 | €1,507 | -€1,413 | -48.4% |
| Plant, machinery and equipment | 23 | €1,930 | €992 | -€937 | -48.6% |
| Furniture and vehicles | 24 | €990 | €515 | -€475 | -48.0% |
| Current assets | 29/58 | €4,254 | €8,344 | +€4,090 | +96.1% |
| Stocks and contracts in progress | 3 | €2,521 | €1,980 | -€541 | -21.4% |
| Stocks | 30/36 | €2,521 | €1,980 | -€541 | -21.4% |
| Amounts receivable within one year | 40/41 | - | €4,022 | +€4,022 | |
| Other amounts receivable | 41 | - | €4,022 | +€4,022 | |
| Cash at bank and in hand | 54/58 | €1,734 | €2,342 | +€608 | +35.1% |
| Total equity and liabilities | 10/49 | €7,174 | €9,851 | +€2,677 | +37.3% |
| Equity | 10/15 | -€10,333 | -€8,006 | +€2,327 | +22.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,023 | €1,023 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,023 | €1,023 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,023 | €1,023 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,956 | -€27,629 | +€2,327 | +7.8% |
| Amounts payable | 17/49 | €17,507 | €17,857 | +€351 | +2.0% |
| Amounts payable within one year | 42/48 | €17,507 | €17,857 | +€351 | +2.0% |
| Trade debts | 44 | €4,951 | €1,835 | -€3,116 | -62.9% |
| Suppliers | 440/4 | €4,951 | €1,835 | -€3,116 | -62.9% |
| Taxes, remuneration and social security | 45 | €284 | - | -€284 | |
| Taxes | 450/3 | €284 | - | -€284 | |
| Other amounts payable | 47/48 | €12,272 | €16,022 | +€3,750 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,916 | €1,413 | -€504 | -26.3% |
| Other operating charges | 640/8 | €128 | €129 | +€1 | +1.1% |
| Gross operating margin | 9900 | -€208 | €4,641 | +€4,850 | |
| Operating profit (loss) | 9901 | -€2,253 | €3,099 | +€5,352 | |
| Financial charges | 65/66B | €888 | €773 | -€116 | -13.0% |
| Recurring financial charges | 65 | €888 | €773 | -€116 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,141 | €2,327 | +€5,468 | |
| Profit (loss) for the period | 9904 | -€3,141 | €2,327 | +€5,468 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,141 | €2,327 | +€5,468 |
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 6 October 2026 via checked.be.