Mazemah: 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.
Mazemah
Largest movements
- Tangible fixed assets -€1,609
down €1,609 (-6.2%), from €25,825 to €24,216
- Cash -€1,208
down €1,208 (-46.7%), from €2,586 to €1,378
mainly Debts after one year (-€2,443) and Net result for the year (-€375)
- Debts after one year -€2,443
down €2,443 (-9.1%), from €26,899 to €24,456
- Profit (loss) carried forward -€375
down €375 (-8.0%), from -€4,688 to -€5,063
- Purchases and services +€414
up €414 (+57.8%), from €717 to €1,131
- Gross operating margin -€371
down €371 (-23.1%), from €1,605 to €1,234
- Turnover +€43
up €43 (+1.8%), from €2,322 to €2,365
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 | €28,411 | €25,594 | -€2,817 | -9.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €25,825 | €24,216 | -€1,609 | -6.2% |
| Tangible fixed assets | 22/27 | €25,825 | €24,216 | -€1,609 | -6.2% |
| Land and buildings | 22 | €25,825 | €24,216 | -€1,609 | -6.2% |
| Current assets | 29/58 | €2,586 | €1,378 | -€1,208 | -46.7% |
| Cash at bank and in hand | 54/58 | €2,586 | €1,378 | -€1,208 | -46.7% |
| Total equity and liabilities | 10/49 | €28,411 | €25,594 | -€2,817 | -9.9% |
| Equity | 10/15 | €1,512 | €1,137 | -€375 | -24.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,688 | -€5,063 | -€375 | -8.0% |
| Amounts payable | 17/49 | €26,899 | €24,456 | -€2,443 | -9.1% |
| Amounts payable after more than one year | 17 | €26,899 | €24,456 | -€2,443 | -9.1% |
| Financial debts | 170/4 | €26,899 | €24,456 | -€2,443 | -9.1% |
| Turnover | 70 | €2,322 | €2,365 | +€43 | +1.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €717 | €1,131 | +€414 | +57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,609 | €1,609 | = | 0.0% |
| Gross operating margin | 9900 | €1,605 | €1,234 | -€371 | -23.1% |
| Operating profit (loss) | 9901 | -€4 | -€375 | -€371 | -10,342% |
| Profit (loss) for the period before taxes | 9903 | -€4 | -€375 | -€371 | -10,342% |
| Profit (loss) for the period | 9904 | -€4 | -€375 | -€371 | -10,342% |
| Profit (loss) for the period to be appropriated | 9905 | -€4 | -€375 | -€371 | -10,342% |
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 16 October 2026 via checked.be.