Mazalimo: 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.
Mazalimo
Largest movements
- Tangible fixed assets +€440,267
up €440,267 (+30.6%), from €1.4m to €1.9m
- Cash -€160,102
down €160,102 (-63.9%), from €250,392 to €90,290
mainly Investment in fixed assets (net) (-€546,836) and Net result for the year (-€109,504)
- Receivables after one year +€78,203
up €78,203 (+21.4%), from €366,223 to €444,425
- Receivables within one year -€73,759
down €73,759 (-75.5%), from €97,745 to €23,986
of which Other amounts receivable: -€56,434
- Debts after one year +€360,452
new in 2025: €360,452
of which Other amounts payable: +€225,000
- Reserves -€174,352
down €174,352 (-10.0%), from €1.7m to €1.6m
of which Distributable reserves: -€140,000
- Other debts +€82,401
new in 2025: €82,401
- Trade debts +€46,724
up €46,724 (+324.4%), from €14,405 to €61,129
- Accrued charges and deferred income -€26,253
down €26,253 (-27.0%), from €97,062 to €70,810
- Gross operating margin -€1.1m
down €1.1m (-98.7%), from €1.1m to €14,732
- Depreciation +€25,011
up €25,011 (+30.7%), from €81,559 to €106,570
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 | €2,187,718 | €2,468,982 | +€281,264 | +12.9% |
| Fixed assets | 21/28 | €1,440,047 | €1,880,313 | +€440,267 | +30.6% |
| Tangible fixed assets | 22/27 | €1,440,047 | €1,880,313 | +€440,267 | +30.6% |
| Land and buildings | 22 | €1,440,047 | €1,880,313 | +€440,267 | +30.6% |
| Current assets | 29/58 | €747,671 | €588,669 | -€159,002 | -21.3% |
| Amounts receivable after more than one year | 29 | €366,223 | €444,425 | +€78,203 | +21.4% |
| Other amounts receivable | 291 | €366,223 | €444,425 | +€78,203 | +21.4% |
| Amounts receivable within one year | 40/41 | €97,745 | €23,986 | -€73,759 | -75.5% |
| Trade receivables | 40 | €33,111 | €15,786 | -€17,325 | -52.3% |
| Other amounts receivable | 41 | €64,634 | €8,200 | -€56,434 | -87.3% |
| Current investments | 50/53 | €27,540 | €20,454 | -€7,086 | -25.7% |
| Cash at bank and in hand | 54/58 | €250,392 | €90,290 | -€160,102 | -63.9% |
| Deferred charges and accrued income | 490/1 | €5,771 | €9,513 | +€3,742 | +64.8% |
| Total equity and liabilities | 10/49 | €2,187,718 | €2,468,982 | +€281,264 | +12.9% |
| Equity | 10/15 | €1,770,444 | €1,595,940 | -€174,504 | -9.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,745,171 | €1,570,819 | -€174,352 | -10.0% |
| Tax-exempt reserves | 132 | €875,671 | €841,319 | -€34,352 | -3.9% |
| Distributable reserves | 133 | €869,500 | €729,500 | -€140,000 | -16.1% |
| Profit (loss) carried forward | 14 | €273 | €121 | -€152 | -55.7% |
| Provisions and deferred taxes | 16 | €305,807 | €292,761 | -€13,046 | -4.3% |
| Deferred taxes | 168 | €305,807 | €292,761 | -€13,046 | -4.3% |
| Amounts payable | 17/49 | €111,467 | €580,281 | +€468,814 | +420.6% |
| Amounts payable after more than one year | 17 | - | €360,452 | +€360,452 | |
| Financial debts | 170/4 | - | €135,452 | +€135,452 | |
| Other amounts payable | 178/9 | - | €225,000 | +€225,000 | |
| Amounts payable within one year | 42/48 | €14,405 | €149,020 | +€134,615 | +934.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,548 | +€4,548 | |
| Trade debts | 44 | €14,405 | €61,129 | +€46,724 | +324.4% |
| Suppliers | 440/4 | €14,405 | €61,129 | +€46,724 | +324.4% |
| Taxes, remuneration and social security | 45 | - | €942 | +€942 | |
| Taxes | 450/3 | - | €942 | +€942 | |
| Other amounts payable | 47/48 | - | €82,401 | +€82,401 | |
| Accrued charges and deferred income | 492/3 | €97,062 | €70,810 | -€26,253 | -27.0% |
| Non-recurring operating income | 76A | €1,129,345 | - | -€1.1m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,559 | €106,570 | +€25,011 | +30.7% |
| Other operating charges | 640/8 | €37,509 | €40,174 | +€2,664 | +7.1% |
| Gross operating margin | 9900 | €1,113,944 | €14,732 | -€1.1m | -98.7% |
| Operating profit (loss) | 9901 | €994,877 | -€132,011 | -€1.1m | |
| Financial income | 75/76B | €9,744 | €12,977 | +€3,233 | +33.2% |
| Recurring financial income | 75 | €9,744 | €12,977 | +€3,233 | +33.2% |
| Financial charges | 65/66B | €359 | €3,528 | +€3,169 | +881.5% |
| Recurring financial charges | 65 | €359 | €3,528 | +€3,169 | +881.5% |
| Profit (loss) for the period before taxes | 9903 | €1,004,261 | -€122,562 | -€1.1m | |
| Transfer from deferred taxes | 780 | €9,753 | €13,046 | +€3,292 | +33.8% |
| Transfer to deferred taxes | 680 | €271,574 | - | -€271,574 | |
| Income taxes | 67/77 | €13 | -€12 | -€25 | |
| Profit (loss) for the period | 9904 | €742,428 | -€109,504 | -€851,932 | |
| Transfer from tax-exempt reserves | 789 | €24,475 | €34,352 | +€9,877 | +40.4% |
| Transfer to tax-exempt reserves | 689 | €814,723 | - | -€814,723 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,820 | -€75,152 | -€27,332 | -57.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.