MAZHAR & SONS: 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.
MAZHAR & SONS
Largest movements
- Tangible fixed assets +€52,358
up €52,358 (+234%), from €22,378 to €74,737
of which Furniture and vehicles: +€52,629
- Stocks and contracts -€8,745
down €8,745 (-7.3%), from €119,880 to €111,135
- Cash -€2,249
down €2,249 (-8.3%), from €27,022 to €24,772
mainly Investment in fixed assets (net) (-€57,514) and Trade debts (-€14,317)
- Debts after one year +€61,592
new in 2025: €61,592
- Trade debts -€14,317
down €14,317 (-81.5%), from €17,570 to €3,253
- Tax, wage and social debts -€6,589
down €6,589 (-59.8%), from €11,009 to €4,420
of which Taxes: -€6,089
- Current portion of long-term debt -€4,369
down €4,369 (-30.4%), from €14,354 to €9,985
- Reserves +€3,394
up €3,394 (+6.4%), from €52,812 to €56,206
- Gross operating margin -€11,083
down €11,083 (-31.1%), from €35,662 to €24,579
- Depreciation +€4,794
up €4,794 (+1,326%), from €362 to €5,156
- Taxes -€3,644
down €3,644 (-75.7%), from €4,813 to €1,169
- Other operating charges -€2,410
down €2,410 (-15.4%), from €15,671 to €13,261
- Financial charges +€887
up €887 (+125%), from €711 to €1,598
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 | €175,181 | €216,545 | +€41,363 | +23.6% |
| Fixed assets | 21/28 | €27,398 | €79,757 | +€52,358 | +191% |
| Tangible fixed assets | 22/27 | €22,378 | €74,737 | +€52,358 | +234% |
| Plant, machinery and equipment | 23 | €7,765 | €7,494 | -€271 | -3.5% |
| Furniture and vehicles | 24 | €14,613 | €67,243 | +€52,629 | +360% |
| Financial fixed assets | 28 | €5,020 | €5,020 | = | 0.0% |
| Current assets | 29/58 | €147,783 | €136,788 | -€10,995 | -7.4% |
| Stocks and contracts in progress | 3 | €119,880 | €111,135 | -€8,745 | -7.3% |
| Stocks | 30/36 | €119,880 | €111,135 | -€8,745 | -7.3% |
| Amounts receivable within one year | 40/41 | €881 | €881 | = | 0.0% |
| Other amounts receivable | 41 | €881 | €881 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,022 | €24,772 | -€2,249 | -8.3% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | 0.0% |
| Total equity and liabilities | 10/49 | €175,181 | €216,545 | +€41,363 | +23.6% |
| Equity | 10/15 | €71,412 | €74,806 | +€3,394 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,812 | €56,206 | +€3,394 | +6.4% |
| Distributable reserves | 133 | €52,812 | €56,206 | +€3,394 | +6.4% |
| Amounts payable | 17/49 | €103,769 | €141,739 | +€37,969 | +36.6% |
| Amounts payable after more than one year | 17 | - | €61,592 | +€61,592 | |
| Financial debts | 170/4 | - | €61,592 | +€61,592 | |
| Amounts payable within one year | 42/48 | €103,769 | €80,146 | -€23,623 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €14,354 | €9,985 | -€4,369 | -30.4% |
| Trade debts | 44 | €17,570 | €3,253 | -€14,317 | -81.5% |
| Suppliers | 440/4 | €17,570 | €3,253 | -€14,317 | -81.5% |
| Taxes, remuneration and social security | 45 | €11,009 | €4,420 | -€6,589 | -59.8% |
| Taxes | 450/3 | €7,509 | €1,420 | -€6,089 | -81.1% |
| Remuneration and social security | 454/9 | €3,500 | €3,000 | -€500 | -14.3% |
| Other amounts payable | 47/48 | €60,836 | €62,488 | +€1,652 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €362 | €5,156 | +€4,794 | +1,326% |
| Other operating charges | 640/8 | €15,671 | €13,261 | -€2,410 | -15.4% |
| Gross operating margin | 9900 | €35,662 | €24,579 | -€11,083 | -31.1% |
| Operating profit (loss) | 9901 | €19,629 | €6,162 | -€13,467 | -68.6% |
| Financial charges | 65/66B | €711 | €1,598 | +€887 | +125% |
| Recurring financial charges | 65 | €711 | €1,598 | +€887 | +125% |
| Profit (loss) for the period before taxes | 9903 | €18,918 | €4,564 | -€14,354 | -75.9% |
| Income taxes | 67/77 | €4,813 | €1,169 | -€3,644 | -75.7% |
| Profit (loss) for the period | 9904 | €14,104 | €3,394 | -€10,710 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,104 | €3,394 | -€10,710 | -75.9% |
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 25 October 2026 via checked.be.