MAZI: 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.
MAZI
Largest movements
- Receivables within one year -€139,716
down €139,716 (-23.5%), from €594,696 to €454,980
of which Trade receivables: -€148,024
- Tangible fixed assets -€10,141
down €10,141 (-26.6%), from €38,190 to €28,049
of which Land and buildings: -€5,304
- Trade debts -€148,785
down €148,785 (-45.7%), from €325,583 to €176,798
- Profit (loss) carried forward +€23,400
up €23,400 (+11.1%), from €211,657 to €235,057
- Short-term financial debts -€17,102
down €17,102 (-94.0%), from €18,191 to €1,089
- Current portion of long-term debt -€6,989
down €6,989 (-54.8%), from €12,757 to €5,768
- Staff costs +€41,105
up €41,105 (+38.5%), from €106,695 to €147,800
- Other operating charges -€28,253
down €28,253 (-88.9%), from €31,774 to €3,521
- Gross operating margin +€8,844
up €8,844 (+4.6%), from €191,509 to €200,353
- Taxes -€5,573
down €5,573 (-40.4%), from €13,807 to €8,234
- Financial charges +€4,079
up €4,079 (+204%), from €2,000 to €6,079
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €643,628 | €489,607 | -€154,021 | -23.9% |
| Fixed assets | 21/28 | €38,190 | €28,049 | -€10,141 | -26.6% |
| Tangible fixed assets | 22/27 | €38,190 | €28,049 | -€10,141 | -26.6% |
| Land and buildings | 22 | €26,521 | €21,217 | -€5,304 | -20.0% |
| Furniture and vehicles | 24 | €11,669 | €6,832 | -€4,837 | -41.5% |
| Current assets | 29/58 | €605,438 | €461,558 | -€143,880 | -23.8% |
| Amounts receivable within one year | 40/41 | €594,696 | €454,980 | -€139,716 | -23.5% |
| Trade receivables | 40 | €579,282 | €431,258 | -€148,024 | -25.6% |
| Other amounts receivable | 41 | €15,414 | €23,722 | +€8,308 | +53.9% |
| Cash at bank and in hand | 54/58 | €4,159 | €376 | -€3,783 | -91.0% |
| Deferred charges and accrued income | 490/1 | €6,583 | €6,202 | -€381 | -5.8% |
| Total equity and liabilities | 10/49 | €643,628 | €489,607 | -€154,021 | -23.9% |
| Equity | 10/15 | €232,117 | €255,517 | +€23,400 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €211,657 | €235,057 | +€23,400 | +11.1% |
| Amounts payable | 17/49 | €411,511 | €234,090 | -€177,421 | -43.1% |
| Amounts payable after more than one year | 17 | €641 | - | -€641 | |
| Financial debts | 170/4 | €641 | - | -€641 | |
| Amounts payable within one year | 42/48 | €410,870 | €234,090 | -€176,780 | -43.0% |
| Current portion of amounts payable after more than one year | 42 | €12,757 | €5,768 | -€6,989 | -54.8% |
| Financial debts | 43 | €18,191 | €1,089 | -€17,102 | -94.0% |
| Credit institutions | 430/8 | €18,191 | €1,089 | -€17,102 | -94.0% |
| Trade debts | 44 | €325,583 | €176,798 | -€148,785 | -45.7% |
| Suppliers | 440/4 | €325,583 | €176,798 | -€148,785 | -45.7% |
| Taxes, remuneration and social security | 45 | €34,808 | €33,729 | -€1,079 | -3.1% |
| Taxes | 450/3 | €26,439 | - | -€26,439 | |
| Remuneration and social security | 454/9 | €8,369 | €33,729 | +€25,360 | +303% |
| Other amounts payable | 47/48 | €19,531 | €16,706 | -€2,825 | -14.5% |
| Remuneration, social security and pensions | 62 | €106,695 | €147,800 | +€41,105 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,021 | €11,359 | +€338 | +3.1% |
| Other operating charges | 640/8 | €31,774 | €3,521 | -€28,253 | -88.9% |
| Gross operating margin | 9900 | €191,509 | €200,353 | +€8,844 | +4.6% |
| Operating profit (loss) | 9901 | €42,019 | €37,673 | -€4,346 | -10.3% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €2,000 | €6,079 | +€4,079 | +204% |
| Recurring financial charges | 65 | €2,000 | €6,079 | +€4,079 | +204% |
| Profit (loss) for the period before taxes | 9903 | €40,019 | €31,634 | -€8,385 | -21.0% |
| Income taxes | 67/77 | €13,807 | €8,234 | -€5,573 | -40.4% |
| Profit (loss) for the period | 9904 | €26,212 | €23,400 | -€2,812 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,212 | €23,400 | -€2,812 | -10.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.