MAZBOUH: 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.
MAZBOUH
Largest movements
- Receivables within one year -€129,637
down €129,637 (-43.0%), from €301,555 to €171,918
of which Trade receivables: -€138,805
- Cash +€33,328
up €33,328 (+1,217%), from €2,738 to €36,065
mainly Receivables within one year (+€129,637) and Net result for the year (+€39,560)
- Stocks and contracts -€3,461
down €3,461 (-12.6%), from €27,551 to €24,090
- Trade debts -€112,546
down €112,546 (-44.5%), from €252,782 to €140,236
- Profit (loss) carried forward +€39,560
up €39,560 (+124%), from €31,891 to €71,451
- Tax, wage and social debts -€21,751
down €21,751 (-69.2%), from €31,433 to €9,681
of which Taxes: -€23,769
- Gross operating margin +€43,344
up €43,344 (+96.5%), from €44,902 to €88,246
- Staff costs +€12,274
up €12,274 (+39.7%), from €30,903 to €43,177
- Financial income +€12,248
new in 2024: €12,248
of which Financial income: +€12,248
- Taxes +€5,128
up €5,128 (+120%), from €4,265 to €9,392
- Other operating charges +€2,384
up €2,384 (+181%), from €1,316 to €3,701
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €339,215 | €241,828 | -€97,387 | -28.7% |
| Fixed assets | 21/28 | €7,371 | €9,754 | +€2,383 | +32.3% |
| Tangible fixed assets | 22/27 | €3,741 | €6,124 | +€2,383 | +63.7% |
| Plant, machinery and equipment | 23 | €2,661 | €2,564 | -€97 | -3.6% |
| Furniture and vehicles | 24 | €1,080 | €3,560 | +€2,480 | +230% |
| Financial fixed assets | 28 | €3,630 | €3,630 | = | 0.0% |
| Current assets | 29/58 | €331,844 | €232,074 | -€99,770 | -30.1% |
| Stocks and contracts in progress | 3 | €27,551 | €24,090 | -€3,461 | -12.6% |
| Stocks | 30/36 | €27,551 | €24,090 | -€3,461 | -12.6% |
| Amounts receivable within one year | 40/41 | €301,555 | €171,918 | -€129,637 | -43.0% |
| Trade receivables | 40 | €260,283 | €121,477 | -€138,805 | -53.3% |
| Other amounts receivable | 41 | €41,272 | €50,441 | +€9,168 | +22.2% |
| Cash at bank and in hand | 54/58 | €2,738 | €36,065 | +€33,328 | +1,217% |
| Total equity and liabilities | 10/49 | €339,215 | €241,828 | -€97,387 | -28.7% |
| Equity | 10/15 | €52,351 | €91,911 | +€39,560 | +75.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €31,891 | €71,451 | +€39,560 | +124% |
| Amounts payable | 17/49 | €286,864 | €149,917 | -€136,946 | -47.7% |
| Amounts payable within one year | 42/48 | €286,864 | €149,917 | -€136,946 | -47.7% |
| Current portion of amounts payable after more than one year | 42 | €2,649 | - | -€2,649 | |
| Trade debts | 44 | €252,782 | €140,236 | -€112,546 | -44.5% |
| Suppliers | 440/4 | €252,782 | €140,236 | -€112,546 | -44.5% |
| Taxes, remuneration and social security | 45 | €31,433 | €9,681 | -€21,751 | -69.2% |
| Taxes | 450/3 | €28,971 | €5,201 | -€23,769 | -82.0% |
| Remuneration and social security | 454/9 | €2,462 | €4,480 | +€2,018 | +82.0% |
| Remuneration, social security and pensions | 62 | €30,903 | €43,177 | +€12,274 | +39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,371 | €4,057 | +€1,687 | +71.2% |
| Other operating charges | 640/8 | €1,316 | €3,701 | +€2,384 | +181% |
| Gross operating margin | 9900 | €44,902 | €88,246 | +€43,344 | +96.5% |
| Operating profit (loss) | 9901 | €10,313 | €37,311 | +€26,999 | +262% |
| Financial income | 75/76B | - | €12,248 | +€12,248 | |
| Recurring financial income | 75 | - | €12,248 | +€12,248 | |
| Non-recurring financial income | 76B | - | €12,248 | +€12,248 | |
| Financial charges | 65/66B | €582 | €608 | +€26 | +4.4% |
| Recurring financial charges | 65 | €582 | €608 | +€26 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €9,731 | €48,952 | +€39,221 | +403% |
| Income taxes | 67/77 | €4,265 | €9,392 | +€5,128 | +120% |
| Profit (loss) for the period | 9904 | €5,466 | €39,560 | +€34,094 | +624% |
| Profit (loss) for the period to be appropriated | 9905 | €5,466 | €39,560 | +€34,094 | +624% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.