MAZAL IMMO: 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 IMMO
Largest movements
- Receivables within one year -€19,506
down €19,506 (-36.9%), from €52,908 to €33,402
of which Trade receivables: -€13,872
- Cash +€17,183
up €17,183 (+71.2%), from €24,149 to €41,333
mainly Receivables within one year (+€19,506) and Net result for the year (+€5,633)
- Other debts -€9,327
down €9,327 (-86.7%), from €10,764 to €1,437
- Reserves +€5,632
up €5,632 (+19.1%), from €29,500 to €35,132
- Trade debts +€4,394
up €4,394 (+722.8%), from €608 to €5,002
- Tax, wage and social debts -€3,610
down €3,610 (-22.7%), from €15,908 to €12,298
of which Taxes: -€5,110
- Gross operating margin -€3,886
down €3,886 (-21.8%), from €17,835 to €13,949
- Taxes -€1,253
down €1,253 (-25.2%), from €4,981 to €3,727
- Other operating charges +€965
up €965 (+631.8%), from €153 to €1,118
- Staff costs +€808
up €808 (+757.8%), from €107 to €914
- Financial charges +€332
up €332 (+22.4%), from €1,484 to €1,815
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 | €80,197 | €77,004 | -€3,194 | -4.0% |
| Fixed assets | 21/28 | €2,167 | €1,422 | -€744 | -34.4% |
| Tangible fixed assets | 22/27 | €2,167 | €1,422 | -€744 | -34.4% |
| Furniture and vehicles | 24 | €1,136 | €808 | -€328 | -28.9% |
| Other tangible fixed assets | 26 | €1,031 | €614 | -€417 | -40.4% |
| Current assets | 29/58 | €78,031 | €75,581 | -€2,449 | -3.1% |
| Amounts receivable within one year | 40/41 | €52,908 | €33,402 | -€19,506 | -36.9% |
| Trade receivables | 40 | €41,996 | €28,124 | -€13,872 | -33.0% |
| Other amounts receivable | 41 | €10,912 | €5,277 | -€5,635 | -51.6% |
| Cash at bank and in hand | 54/58 | €24,149 | €41,333 | +€17,183 | +71.2% |
| Deferred charges and accrued income | 490/1 | €973 | €847 | -€126 | -12.9% |
| Total equity and liabilities | 10/49 | €80,197 | €77,004 | -€3,194 | -4.0% |
| Equity | 10/15 | €48,634 | €54,267 | +€5,633 | +11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,500 | €35,132 | +€5,632 | +19.1% |
| Distributable reserves | 133 | €29,500 | €35,132 | +€5,632 | +19.1% |
| Profit (loss) carried forward | 14 | €534 | €535 | +€1 | +0.2% |
| Amounts payable | 17/49 | €31,563 | €22,737 | -€8,827 | -28.0% |
| Amounts payable within one year | 42/48 | €31,563 | €22,737 | -€8,827 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €4,284 | €4,000 | -€284 | -6.6% |
| Trade debts | 44 | €608 | €5,002 | +€4,394 | +722.8% |
| Suppliers | 440/4 | €608 | €5,002 | +€4,394 | +722.8% |
| Taxes, remuneration and social security | 45 | €15,908 | €12,298 | -€3,610 | -22.7% |
| Taxes | 450/3 | €15,908 | €10,798 | -€5,110 | -32.1% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €10,764 | €1,437 | -€9,327 | -86.7% |
| Remuneration, social security and pensions | 62 | €107 | €914 | +€808 | +757.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €957 | €744 | -€213 | -22.2% |
| Other operating charges | 640/8 | €153 | €1,118 | +€965 | +631.8% |
| Gross operating margin | 9900 | €17,835 | €13,949 | -€3,886 | -21.8% |
| Operating profit (loss) | 9901 | €16,619 | €11,172 | -€5,447 | -32.8% |
| Financial income | 75/76B | €36 | €4 | -€32 | -89.1% |
| Recurring financial income | 75 | €36 | €4 | -€32 | -89.1% |
| Financial charges | 65/66B | €1,484 | €1,815 | +€332 | +22.4% |
| Recurring financial charges | 65 | €1,484 | €1,815 | +€332 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €15,171 | €9,360 | -€5,811 | -38.3% |
| Income taxes | 67/77 | €4,981 | €3,727 | -€1,253 | -25.2% |
| Profit (loss) for the period | 9904 | €10,190 | €5,633 | -€4,558 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,190 | €5,633 | -€4,558 | -44.7% |
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 12 October 2026 via checked.be.