MAZAN: 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.
MAZAN
Largest movements
- Intangible fixed assets -€22,992
down €22,992 (-27.7%), from €83,029 to €60,037
- Cash +€13,548
up €13,548 (+56450.3%), from €24 to €13,572
mainly Depreciation (+€32,644) and Other debts (+€28,926)
- Deferred charges and accrued income -€4,416
no longer reported in 2025 (was €4,416)
- Receivables within one year -€1,134
down €1,134 (-27.5%), from €4,128 to €2,995
- Profit (loss) carried forward -€50,230
down €50,230 (-26.6%), from -€188,701 to -€238,931
- Other debts +€28,926
up €28,926 (+12.3%), from €235,173 to €264,099
- Trade debts +€6,038
up €6,038 (+13.5%), from €44,599 to €50,637
- Gross operating margin +€80,429
up €80,429 (+83.8%), from -€95,945 to -€15,516
- Depreciation +€3,018
up €3,018 (+10.2%), from €29,626 to €32,644
- Financial charges -€2,164
down €2,164 (-71.3%), from €3,036 to €872
- Other operating charges +€1,083
up €1,083 (+941.5%), from €115 to €1,198
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 | €93,150 | €77,805 | -€15,345 | -16.5% |
| Fixed assets | 21/28 | €84,582 | €61,238 | -€23,344 | -27.6% |
| Intangible fixed assets | 21 | €83,029 | €60,037 | -€22,992 | -27.7% |
| Tangible fixed assets | 22/27 | €1,554 | €1,202 | -€352 | -22.7% |
| Plant, machinery and equipment | 23 | €1,554 | €1,202 | -€352 | -22.7% |
| Current assets | 29/58 | €8,568 | €16,567 | +€7,998 | +93.4% |
| Amounts receivable within one year | 40/41 | €4,128 | €2,995 | -€1,134 | -27.5% |
| Other amounts receivable | 41 | €4,128 | €2,995 | -€1,134 | -27.5% |
| Cash at bank and in hand | 54/58 | €24 | €13,572 | +€13,548 | +56450.3% |
| Deferred charges and accrued income | 490/1 | €4,416 | - | -€4,416 | |
| Total equity and liabilities | 10/49 | €93,150 | €77,805 | -€15,345 | -16.5% |
| Equity | 10/15 | -€186,701 | -€236,931 | -€50,230 | -26.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,701 | -€238,931 | -€50,230 | -26.6% |
| Amounts payable | 17/49 | €279,851 | €314,736 | +€34,884 | +12.5% |
| Amounts payable within one year | 42/48 | €279,851 | €314,736 | +€34,884 | +12.5% |
| Trade debts | 44 | €44,599 | €50,637 | +€6,038 | +13.5% |
| Suppliers | 440/4 | €44,599 | €50,637 | +€6,038 | +13.5% |
| Taxes, remuneration and social security | 45 | €79 | - | -€79 | |
| Taxes | 450/3 | €79 | - | -€79 | |
| Other amounts payable | 47/48 | €235,173 | €264,099 | +€28,926 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,626 | €32,644 | +€3,018 | +10.2% |
| Other operating charges | 640/8 | €115 | €1,198 | +€1,083 | +941.5% |
| Gross operating margin | 9900 | -€95,945 | -€15,516 | +€80,429 | +83.8% |
| Operating profit (loss) | 9901 | -€125,686 | -€49,358 | +€76,328 | +60.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,036 | €872 | -€2,164 | -71.3% |
| Recurring financial charges | 65 | €3,036 | €872 | -€2,164 | -71.3% |
| Profit (loss) for the period before taxes | 9903 | -€128,722 | -€50,230 | +€78,492 | +61.0% |
| Profit (loss) for the period | 9904 | -€128,722 | -€50,230 | +€78,492 | +61.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€128,722 | -€50,230 | +€78,492 | +61.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.