MAZECO: 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.
MAZECO
Largest movements
- Tangible fixed assets +€151,634
new in 2025: €151,634
- Other debts +€115,000
up €115,000 (+230%), from €50,000 to €165,000
- Reserves +€89,025
up €89,025 (+29.2%), from €304,538 to €393,563
- Current portion of long-term debt -€51,977
down €51,977 (-100%), from €51,977 to €0
- Financial income +€40,000
up €40,000 (+66.7%), from €60,000 to €100,000
- Depreciation +€4,358
new in 2025: €4,358
- Gross operating margin +€2,425
up €2,425 (+35.1%), from -€6,914 to -€4,488
- Financial charges -€923
down €923 (-41.8%), from €2,206 to €1,283
- Other operating charges +€846
up €846, from €0 to €846
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 | €506,515 | €658,894 | +€152,379 | +30.1% |
| Fixed assets | 21/28 | €506,188 | €657,822 | +€151,634 | +30.0% |
| Tangible fixed assets | 22/27 | - | €151,634 | +€151,634 | |
| Land and buildings | 22 | - | €151,634 | +€151,634 | |
| Financial fixed assets | 28 | €506,188 | €506,188 | = | 0.0% |
| Current assets | 29/58 | €327 | €1,072 | +€745 | +228% |
| Cash at bank and in hand | 54/58 | €327 | €1,072 | +€745 | +228% |
| Total equity and liabilities | 10/49 | €506,515 | €658,894 | +€152,379 | +30.1% |
| Equity | 10/15 | €404,538 | €493,563 | +€89,025 | +22.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €304,538 | €393,563 | +€89,025 | +29.2% |
| Distributable reserves | 133 | €304,538 | €393,563 | +€89,025 | +29.2% |
| Amounts payable | 17/49 | €101,977 | €165,331 | +€63,355 | +62.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €101,977 | €165,331 | +€63,355 | +62.1% |
| Current portion of amounts payable after more than one year | 42 | €51,977 | €0 | -€51,977 | -100% |
| Trade debts | 44 | €0 | €331 | +€331 | |
| Suppliers | 440/4 | €0 | €331 | +€331 | |
| Other amounts payable | 47/48 | €50,000 | €165,000 | +€115,000 | +230% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,358 | +€4,358 | |
| Other operating charges | 640/8 | €0 | €846 | +€846 | |
| Gross operating margin | 9900 | -€6,914 | -€4,488 | +€2,425 | +35.1% |
| Operating profit (loss) | 9901 | -€6,914 | -€9,692 | -€2,779 | -40.2% |
| Financial income | 75/76B | €60,000 | €100,000 | +€40,000 | +66.7% |
| Recurring financial income | 75 | €60,000 | €100,000 | +€40,000 | +66.7% |
| Financial charges | 65/66B | €2,206 | €1,283 | -€923 | -41.8% |
| Recurring financial charges | 65 | €2,206 | €1,283 | -€923 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €50,881 | €89,025 | +€38,144 | +75.0% |
| Profit (loss) for the period | 9904 | €50,881 | €89,025 | +€38,144 | +75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,881 | €89,025 | +€38,144 | +75.0% |
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 18 October 2026 via checked.be.