MAZE Audio: 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.
MAZE Audio
Largest movements
- Cash +€21,761
up €21,761 (+46.9%), from €46,398 to €68,159
mainly Net result for the year (+€34,013) and Tax, wage and social debts (+€6,746)
- Receivables within one year +€17,045
up €17,045 (+845%), from €2,016 to €19,061
of which Trade receivables: +€17,236
- Tangible fixed assets +€1,638
up €1,638 (+65.0%), from €2,519 to €4,157
- Profit (loss) carried forward +€34,013
up €34,013 (+123%), from €27,558 to €61,571
- Tax, wage and social debts +€6,746
up €6,746 (+50.0%), from €13,500 to €20,246
of which Taxes: +€7,380
- Debts after one year -€2,322
down €2,322 (-79.5%), from €2,923 to €601
- Trade debts +€1,469
up €1,469 (+195%), from €754 to €2,223
- Gross operating margin +€8,977
up €8,977 (+23.7%), from €37,805 to €46,781
- Taxes +€1,771
up €1,771 (+20.2%), from €8,787 to €10,557
- Depreciation +€1,278
up €1,278 (+406%), from €315 to €1,593
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.
Derived cash bridge
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 | €50,933 | €91,377 | +€40,444 | +79.4% |
| Fixed assets | 21/28 | €2,519 | €4,157 | +€1,638 | +65.0% |
| Tangible fixed assets | 22/27 | €2,519 | €4,157 | +€1,638 | +65.0% |
| Furniture and vehicles | 24 | €2,519 | €4,157 | +€1,638 | +65.0% |
| Current assets | 29/58 | €48,414 | €87,220 | +€38,805 | +80.2% |
| Amounts receivable within one year | 40/41 | €2,016 | €19,061 | +€17,045 | +845% |
| Trade receivables | 40 | €1,815 | €19,051 | +€17,236 | +950% |
| Other amounts receivable | 41 | €201 | €10 | -€191 | -95.3% |
| Cash at bank and in hand | 54/58 | €46,398 | €68,159 | +€21,761 | +46.9% |
| Total equity and liabilities | 10/49 | €50,933 | €91,377 | +€40,444 | +79.4% |
| Equity | 10/15 | €31,558 | €65,571 | +€34,013 | +108% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,558 | €61,571 | +€34,013 | +123% |
| Amounts payable | 17/49 | €19,376 | €25,806 | +€6,430 | +33.2% |
| Amounts payable after more than one year | 17 | €2,923 | €601 | -€2,322 | -79.5% |
| Other amounts payable | 178/9 | €2,923 | €601 | -€2,322 | -79.5% |
| Amounts payable within one year | 42/48 | €16,453 | €25,206 | +€8,753 | +53.2% |
| Current portion of amounts payable after more than one year | 42 | €2,199 | €2,322 | +€123 | +5.6% |
| Trade debts | 44 | €754 | €2,223 | +€1,469 | +195% |
| Suppliers | 440/4 | €754 | €2,223 | +€1,469 | +195% |
| Taxes, remuneration and social security | 45 | €13,500 | €20,246 | +€6,746 | +50.0% |
| Taxes | 450/3 | €12,867 | €20,246 | +€7,380 | +57.4% |
| Remuneration and social security | 454/9 | €634 | - | -€634 | |
| Other amounts payable | 47/48 | - | €415 | +€415 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315 | €1,593 | +€1,278 | +406% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €37,805 | €46,781 | +€8,977 | +23.7% |
| Operating profit (loss) | 9901 | €36,718 | €44,789 | +€8,071 | +22.0% |
| Financial income | 75/76B | €0 | €341 | +€340 | +85,045% |
| Recurring financial income | 75 | €0 | €341 | +€340 | +85,045% |
| Financial charges | 65/66B | €374 | €559 | +€185 | +49.3% |
| Recurring financial charges | 65 | €374 | €559 | +€185 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | €36,344 | €44,570 | +€8,226 | +22.6% |
| Income taxes | 67/77 | €8,787 | €10,557 | +€1,771 | +20.2% |
| Profit (loss) for the period | 9904 | €27,558 | €34,013 | +€6,456 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,558 | €34,013 | +€6,456 | +23.4% |
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 15 October 2026 via checked.be.