MAZAGAN: 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.
MAZAGAN
Largest movements
- Receivables within one year -€23,687
down €23,687 (-48.0%), from €49,304 to €25,616
of which Other amounts receivable: -€28,927
- Tangible fixed assets -€3,000
down €3,000 (-70.6%), from €4,250 to €1,250
- Cash -€2,476
down €2,476 (-98.5%), from €2,514 to €39
mainly Tax, wage and social debts (-€20,796) and Trade debts (-€15,910)
- Tax, wage and social debts -€20,796
down €20,796 (-78.5%), from €26,476 to €5,680
- Trade debts -€15,910
down €15,910 (-63.2%), from €25,182 to €9,271
- Profit (loss) carried forward +€6,363
up €6,363 (+144.3%), from €4,408 to €10,772
- Other debts +€1,181
new in 2025: €1,181
- Turnover -€95,682
no longer reported in 2025 (was €95,682)
- Purchases and services -€91,513
no longer reported in 2025 (was €91,513)
- Gross operating margin +€17,639
up €17,639 (+423.1%), from €4,169 to €21,807
- Staff costs +€4,940
new in 2025: €4,940
- Taxes +€3,576
new in 2025: €3,576
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 | €56,067 | €26,905 | -€29,163 | -52.0% |
| Fixed assets | 21/28 | €4,250 | €1,250 | -€3,000 | -70.6% |
| Tangible fixed assets | 22/27 | €4,250 | €1,250 | -€3,000 | -70.6% |
| Furniture and vehicles | 24 | €4,250 | €1,250 | -€3,000 | -70.6% |
| Current assets | 29/58 | €51,818 | €25,655 | -€26,163 | -50.5% |
| Amounts receivable within one year | 40/41 | €49,304 | €25,616 | -€23,687 | -48.0% |
| Trade receivables | 40 | €17,777 | €23,016 | +€5,239 | +29.5% |
| Other amounts receivable | 41 | €31,527 | €2,600 | -€28,927 | -91.8% |
| Cash at bank and in hand | 54/58 | €2,514 | €39 | -€2,476 | -98.5% |
| Total equity and liabilities | 10/49 | €56,067 | €26,905 | -€29,163 | -52.0% |
| Equity | 10/15 | €4,409 | €10,773 | +€6,363 | +144.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,408 | €10,772 | +€6,363 | +144.3% |
| Amounts payable | 17/49 | €51,658 | €16,132 | -€35,526 | -68.8% |
| Amounts payable within one year | 42/48 | €51,658 | €16,132 | -€35,526 | -68.8% |
| Trade debts | 44 | €25,182 | €9,271 | -€15,910 | -63.2% |
| Suppliers | 440/4 | €25,182 | €9,271 | -€15,910 | -63.2% |
| Taxes, remuneration and social security | 45 | €26,476 | €5,680 | -€20,796 | -78.5% |
| Taxes | 450/3 | €26,476 | €5,680 | -€20,796 | -78.5% |
| Other amounts payable | 47/48 | - | €1,181 | +€1,181 | |
| Turnover | 70 | €95,682 | - | -€95,682 | |
| Goods, raw materials, services and sundry goods | 60/61 | €91,513 | - | -€91,513 | |
| Remuneration, social security and pensions | 62 | - | €4,940 | +€4,940 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,000 | €3,000 | = | 0.0% |
| Other operating charges | 640/8 | €6,237 | €3,854 | -€2,382 | -38.2% |
| Gross operating margin | 9900 | €4,169 | €21,807 | +€17,639 | +423.1% |
| Operating profit (loss) | 9901 | -€5,068 | €10,013 | +€15,081 | |
| Financial charges | 65/66B | €66 | €74 | +€8 | +12.2% |
| Recurring financial charges | 65 | €66 | €74 | +€8 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,133 | €9,940 | +€15,073 | |
| Income taxes | 67/77 | - | €3,576 | +€3,576 | |
| Profit (loss) for the period | 9904 | -€5,133 | €6,363 | +€11,496 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,133 | €6,363 | +€11,496 |
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 11 October 2026 via checked.be.