MAZARI: 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.
MAZARI
Largest movements
- Cash +€1,915
up €1,915 (+3072.9%), from €62 to €1,977
mainly Tax, wage and social debts (+€14,320) and Debts after one year (+€2,804)
- Receivables within one year +€526
up €526 (+2050.6%), from €26 to €551
- Tax, wage and social debts +€14,320
up €14,320 (+107.6%), from €13,308 to €27,627
of which Remuneration and social security: +€14,400
- Profit (loss) carried forward -€11,054
down €11,054 (-16.7%), from -€66,122 to -€77,175
- Trade debts -€3,371
down €3,371 (-82.7%), from €4,074 to €704
of which Suppliers: -€4,074
- Debts after one year +€2,804
up €2,804 (+4.4%), from €64,046 to €66,850
- Gross operating margin +€3,729
up €3,729 (+26.8%), from -€13,898 to -€10,169
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 | €33,986 | €36,685 | +€2,699 | +7.9% |
| Current assets | 29/58 | €33,986 | €36,685 | +€2,699 | +7.9% |
| Stocks and contracts in progress | 3 | €33,898 | €34,156 | +€258 | +0.8% |
| Stocks | 30/36 | €33,898 | €34,156 | +€258 | +0.8% |
| Amounts receivable within one year | 40/41 | €26 | €551 | +€526 | +2050.6% |
| Other amounts receivable | 41 | €26 | €551 | +€526 | +2050.6% |
| Cash at bank and in hand | 54/58 | €62 | €1,977 | +€1,915 | +3072.9% |
| Total equity and liabilities | 10/49 | €33,986 | €36,685 | +€2,699 | +7.9% |
| Equity | 10/15 | -€47,442 | -€58,496 | -€11,054 | -23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79 | €79 | = | 0.0% |
| Non-distributable reserves | 130/1 | €79 | €79 | = | 0.0% |
| Legal reserve | 130 | €79 | €79 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,122 | -€77,175 | -€11,054 | -16.7% |
| Amounts payable | 17/49 | €81,428 | €95,181 | +€13,753 | +16.9% |
| Amounts payable after more than one year | 17 | €64,046 | €66,850 | +€2,804 | +4.4% |
| Other amounts payable | 178/9 | €64,046 | €66,850 | +€2,804 | +4.4% |
| Amounts payable within one year | 42/48 | €17,382 | €28,331 | +€10,949 | +63.0% |
| Trade debts | 44 | €4,074 | €704 | -€3,371 | -82.7% |
| Suppliers | 440/4 | €4,074 | - | -€4,074 | |
| Bills of exchange payable | 441 | - | €704 | +€704 | |
| Taxes, remuneration and social security | 45 | €13,308 | €27,627 | +€14,320 | +107.6% |
| Taxes | 450/3 | €80 | - | -€80 | |
| Remuneration and social security | 454/9 | €13,227 | €27,627 | +€14,400 | +108.9% |
| Other operating charges | 640/8 | €785 | €807 | +€22 | +2.9% |
| Gross operating margin | 9900 | -€13,898 | -€10,169 | +€3,729 | +26.8% |
| Operating profit (loss) | 9901 | -€14,682 | -€10,976 | +€3,707 | +25.2% |
| Financial charges | 65/66B | €78 | €78 | -€0 | -0.3% |
| Recurring financial charges | 65 | €78 | €78 | -€0 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,761 | -€11,054 | +€3,707 | +25.1% |
| Profit (loss) for the period | 9904 | -€14,761 | -€11,054 | +€3,707 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,761 | -€11,054 | +€3,707 | +25.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.