MAZ2C: 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.
MAZ2C
Largest movements
- Tangible fixed assets +€24,307
up €24,307 (+1364.8%), from €1,781 to €26,088
- Cash -€20,969
down €20,969 (-91.9%), from €22,828 to €1,858
mainly Net result for the year (-€32,412) and Investment in fixed assets (net) (-€25,780)
- Receivables within one year +€1,890
up €1,890 (+84.1%), from €2,247 to €4,137
of which Other amounts receivable: +€2,485
- Other debts +€37,385
up €37,385 (+37.6%), from €99,404 to €136,789
- Profit (loss) carried forward -€32,412
down €32,412 (-42.1%), from -€76,907 to -€109,319
- Trade debts +€360
up €360 (+10.5%), from €3,446 to €3,807
- Gross operating margin -€24,302
down €24,302 (-713.8%), from -€3,405 to -€27,707
- Financial charges -€1,647
down €1,647 (-43.9%), from €3,755 to €2,107
- Depreciation +€730
up €730 (+98.2%), from €743 to €1,473
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 | €28,653 | €34,183 | +€5,530 | +19.3% |
| Fixed assets | 21/28 | €1,781 | €26,088 | +€24,307 | +1364.8% |
| Tangible fixed assets | 22/27 | €1,781 | €26,088 | +€24,307 | +1364.8% |
| Furniture and vehicles | 24 | €1,781 | €26,088 | +€24,307 | +1364.8% |
| Current assets | 29/58 | €26,872 | €8,095 | -€18,777 | -69.9% |
| Amounts receivable within one year | 40/41 | €2,247 | €4,137 | +€1,890 | +84.1% |
| Trade receivables | 40 | €695 | €100 | -€595 | -85.6% |
| Other amounts receivable | 41 | €1,552 | €4,037 | +€2,485 | +160.1% |
| Cash at bank and in hand | 54/58 | €22,828 | €1,858 | -€20,969 | -91.9% |
| Deferred charges and accrued income | 490/1 | €1,797 | €2,100 | +€303 | +16.9% |
| Total equity and liabilities | 10/49 | €28,653 | €34,183 | +€5,530 | +19.3% |
| Equity | 10/15 | -€74,407 | -€106,819 | -€32,412 | -43.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,907 | -€109,319 | -€32,412 | -42.1% |
| Amounts payable | 17/49 | €103,060 | €141,002 | +€37,942 | +36.8% |
| Amounts payable within one year | 42/48 | €103,060 | €141,002 | +€37,942 | +36.8% |
| Trade debts | 44 | €3,446 | €3,807 | +€360 | +10.5% |
| Suppliers | 440/4 | €3,446 | €3,807 | +€360 | +10.5% |
| Taxes, remuneration and social security | 45 | €210 | €406 | +€196 | +93.6% |
| Taxes | 450/3 | €210 | €406 | +€196 | +93.6% |
| Other amounts payable | 47/48 | €99,404 | €136,789 | +€37,385 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €743 | €1,473 | +€730 | +98.2% |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | -€3,405 | -€27,707 | -€24,302 | -713.8% |
| Operating profit (loss) | 9901 | -€5,046 | -€30,108 | -€25,062 | -496.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,755 | €2,107 | -€1,647 | -43.9% |
| Recurring financial charges | 65 | €3,755 | €2,107 | -€1,647 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,801 | -€32,215 | -€23,415 | -266.0% |
| Income taxes | 67/77 | €210 | €196 | -€13 | -6.4% |
| Profit (loss) for the period | 9904 | -€9,011 | -€32,412 | -€23,401 | -259.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,011 | -€32,412 | -€23,401 | -259.7% |
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 8 October 2026 via checked.be.