MAZGAJ MANAGEMENT: 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.
MAZGAJ MANAGEMENT
Largest movements
- Cash +€23,180
up €23,180 (+459%), from €5,051 to €28,231
mainly Net result for the year (+€22,599) and Depreciation (+€11,548)
- Receivables within one year +€6,078
up €6,078 (+64.9%), from €9,367 to €15,446
of which Trade receivables: +€11,654
- Tangible fixed assets +€4,738
up €4,738 (+107%), from €4,408 to €9,147
of which Plant, machinery and equipment: +€7,139
- Profit (loss) carried forward +€22,599
up €22,599 (+201%), from €11,244 to €33,843
- Tax, wage and social debts +€5,899
up €5,899 (+198%), from €2,976 to €8,875
- Trade debts +€5,092
up €5,092 (+405%), from €1,258 to €6,350
- Gross operating margin +€35,167
up €35,167 (+375%), from €9,390 to €44,556
- Taxes +€7,450
up €7,450 (+795%), from €937 to €8,387
- Depreciation +€6,735
up €6,735 (+140%), from €4,813 to €11,548
- Other operating charges +€725
up €725 (+75.6%), from €959 to €1,684
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 | €19,478 | €53,069 | +€33,591 | +172% |
| Formation expenses | 20 | €651 | €246 | -€406 | -62.3% |
| Fixed assets | 21/28 | €4,408 | €9,147 | +€4,738 | +107% |
| Tangible fixed assets | 22/27 | €4,408 | €9,147 | +€4,738 | +107% |
| Plant, machinery and equipment | 23 | - | €7,139 | +€7,139 | |
| Furniture and vehicles | 24 | €4,408 | €2,008 | -€2,400 | -54.5% |
| Current assets | 29/58 | €14,419 | €43,677 | +€29,258 | +203% |
| Amounts receivable within one year | 40/41 | €9,367 | €15,446 | +€6,078 | +64.9% |
| Trade receivables | 40 | - | €11,654 | +€11,654 | |
| Other amounts receivable | 41 | €9,367 | €3,792 | -€5,575 | -59.5% |
| Cash at bank and in hand | 54/58 | €5,051 | €28,231 | +€23,180 | +459% |
| Total equity and liabilities | 10/49 | €19,478 | €53,069 | +€33,591 | +172% |
| Equity | 10/15 | €14,244 | €36,843 | +€22,599 | +159% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,244 | €33,843 | +€22,599 | +201% |
| Amounts payable | 17/49 | €5,234 | €16,226 | +€10,992 | +210% |
| Amounts payable within one year | 42/48 | €5,234 | €16,226 | +€10,992 | +210% |
| Trade debts | 44 | €1,258 | €6,350 | +€5,092 | +405% |
| Suppliers | 440/4 | €1,258 | €6,350 | +€5,092 | +405% |
| Advances received on contracts in progress | 46 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,976 | €8,875 | +€5,899 | +198% |
| Taxes | 450/3 | €2,976 | €8,875 | +€5,899 | +198% |
| Remuneration, social security and pensions | 62 | €90 | - | -€90 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,813 | €11,548 | +€6,735 | +140% |
| Other operating charges | 640/8 | €959 | €1,684 | +€725 | +75.6% |
| Gross operating margin | 9900 | €9,390 | €44,556 | +€35,167 | +375% |
| Operating profit (loss) | 9901 | €3,528 | €31,325 | +€27,797 | +788% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €79 | €338 | +€259 | +330% |
| Recurring financial charges | 65 | €79 | €338 | +€259 | +330% |
| Profit (loss) for the period before taxes | 9903 | €3,449 | €30,987 | +€27,538 | +798% |
| Income taxes | 67/77 | €937 | €8,387 | +€7,450 | +795% |
| Profit (loss) for the period | 9904 | €2,512 | €22,599 | +€20,087 | +800% |
| Profit (loss) for the period to be appropriated | 9905 | €2,512 | €22,599 | +€20,087 | +800% |
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 27 October 2026 via checked.be.