Mazal: 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.
Mazal
Largest movements
- Receivables within one year -€233,774
down €233,774 (-63.4%), from €368,884 to €135,110
of which Trade receivables: -€252,574
- Tangible fixed assets +€55,004
up €55,004 (+8.7%), from €631,172 to €686,176
of which Assets under construction and advance payments: +€62,000
- Debts within one year -€210,584
down €210,584 (-40.1%), from €525,602 to €315,018
of which Current portion of long-term debt: -€202,903
- Debts after one year +€49,341
up €49,341 (+14.7%), from €335,590 to €384,931
of which Other amounts payable: +€62,000
- Profit (loss) carried forward -€15,715
down €15,715 (-31.6%), from €49,777 to €34,062
- Accrued charges and deferred income -€13,725
down €13,725 (-4.2%), from €329,480 to €315,754
- Financial income -€172,467
down €172,467 (-99.5%), from €173,397 to €930
- Gross operating margin +€99,260
up €99,260 (+14.1%), from €704,536 to €803,797
- Turnover -€93,373
down €93,373 (-9.7%), from €964,745 to €871,372
- Staff costs -€54,902
down €54,902 (-7.5%), from €736,068 to €681,166
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 | €1,367,143 | €1,172,324 | -€194,819 | -14.3% |
| Fixed assets | 21/28 | €664,006 | €713,726 | +€49,720 | +7.5% |
| Tangible fixed assets | 22/27 | €631,172 | €686,176 | +€55,004 | +8.7% |
| Land and buildings | 22 | €606,662 | €603,095 | -€3,567 | -0.6% |
| Furniture and vehicles | 24 | €24,509 | €21,081 | -€3,429 | -14.0% |
| Assets under construction and advance payments | 27 | - | €62,000 | +€62,000 | |
| Financial fixed assets | 28 | €32,834 | €27,550 | -€5,284 | -16.1% |
| Current assets | 29/58 | €703,138 | €458,598 | -€244,540 | -34.8% |
| Amounts receivable after more than one year | 29 | - | €5,434 | +€5,434 | |
| Trade receivables | 290 | - | €5,434 | +€5,434 | |
| Amounts receivable within one year | 40/41 | €368,884 | €135,110 | -€233,774 | -63.4% |
| Trade receivables | 40 | €338,147 | €85,573 | -€252,574 | -74.7% |
| Other amounts receivable | 41 | €30,737 | €49,537 | +€18,800 | +61.2% |
| Cash at bank and in hand | 54/58 | €262,918 | €256,409 | -€6,509 | -2.5% |
| Deferred charges and accrued income | 490/1 | €71,335 | €61,645 | -€9,690 | -13.6% |
| Total equity and liabilities | 10/49 | €1,367,143 | €1,172,324 | -€194,819 | -14.3% |
| Equity | 10/15 | €79,323 | €59,472 | -€19,851 | -25.0% |
| Profit (loss) carried forward | 14 | €49,777 | €34,062 | -€15,715 | -31.6% |
| Investment grants | 15 | €29,547 | €25,410 | -€4,137 | -14.0% |
| Provisions and deferred taxes | 16 | €97,149 | €97,149 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €97,149 | €97,149 | = | 0.0% |
| Major repairs and maintenance | 162 | €97,149 | €97,149 | = | 0.0% |
| Amounts payable | 17/49 | €1,190,671 | €1,015,703 | -€174,968 | -14.7% |
| Amounts payable after more than one year | 17 | €335,590 | €384,931 | +€49,341 | +14.7% |
| Financial debts | 170/4 | €335,590 | €322,931 | -€12,659 | -3.8% |
| Other amounts payable | 178/9 | - | €62,000 | +€62,000 | |
| Amounts payable within one year | 42/48 | €525,602 | €315,018 | -€210,584 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €263,126 | €60,224 | -€202,903 | -77.1% |
| Trade debts | 44 | €134,861 | €160,332 | +€25,471 | +18.9% |
| Suppliers | 440/4 | €134,861 | €160,332 | +€25,471 | +18.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €104,886 | €82,950 | -€21,936 | -20.9% |
| Taxes | 450/3 | €18,322 | €10,844 | -€7,479 | -40.8% |
| Remuneration and social security | 454/9 | €86,564 | €72,106 | -€14,457 | -16.7% |
| Accrued charges and deferred income | 492/3 | €329,480 | €315,754 | -€13,725 | -4.2% |
| Turnover | 70 | €964,745 | €871,372 | -€93,373 | -9.7% |
| Membership fees, donations, legacies and grants | 73 | €519,255 | €705,494 | +€186,239 | +35.9% |
| Non-recurring operating income | 76A | - | €12,359 | +€12,359 | |
| Goods, raw materials, services and sundry goods | 60/61 | €779,464 | €785,428 | +€5,965 | +0.8% |
| Remuneration, social security and pensions | 62 | €736,068 | €681,166 | -€54,902 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,798 | €61,149 | +€2,351 | +4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Other operating charges | 640/8 | €28,133 | €27,084 | -€1,049 | -3.7% |
| Non-recurring operating charges | 66A | - | €25,546 | +€25,546 | |
| Gross operating margin | 9900 | €704,536 | €803,797 | +€99,260 | +14.1% |
| Operating profit (loss) | 9901 | -€215,613 | €8,851 | +€224,464 | |
| Financial income | 75/76B | €173,397 | €930 | -€172,467 | -99.5% |
| Recurring financial income | 75 | €173,397 | €930 | -€172,467 | -99.5% |
| Financial charges | 65/66B | €30,603 | €25,496 | -€5,107 | -16.7% |
| Recurring financial charges | 65 | €26,853 | €25,496 | -€1,357 | -5.1% |
| Non-recurring financial charges | 66B | €3,750 | - | -€3,750 | |
| Profit (loss) for the period before taxes | 9903 | -€72,819 | -€15,715 | +€57,104 | +78.4% |
| Profit (loss) for the period | 9904 | -€72,819 | -€15,715 | +€57,104 | +78.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,819 | -€15,715 | +€57,104 | +78.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.