MAZIPRO: what changed
Two fiscal 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.
MAZIPRO
Largest movements
- Cash -€24,290
down €24,290 (-93.6%), from €25,949 to €1,659
mainly Tax, wage and social debts (-€13,310) and Investment in fixed assets (net) (-€13,091)
- Receivables within one year +€12,709
up €12,709 (+16.6%), from €76,366 to €89,075
of which Other amounts receivable: +€9,812
- Tangible fixed assets -€1,667
down €1,667 (-4.6%), from €36,035 to €34,369
of which Plant, machinery and equipment: -€2,135
- Tax, wage and social debts -€13,310
down €13,310 (-87.6%), from €15,201 to €1,891
of which Taxes: -€13,294
- Other debts +€4,070
new in 2025: €4,070
- Debts after one year -€3,501
down €3,501 (-18.2%), from €19,265 to €15,764
- Gross operating margin -€52,483
down €52,483 (-75.4%), from €69,575 to €17,091
- Other operating charges -€16,811
down €16,811 (-98.6%), from €17,042 to €231
- Taxes -€14,853
down €14,853 (-98.6%), from €15,067 to €213
- Depreciation +€11,846
up €11,846 (+406.8%), from €2,912 to €14,757
- Staff costs +€798
up €798 (+37.8%), from €2,112 to €2,911
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.
Cash bridge derived
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 | €140,147 | €125,761 | -€14,385 | -10.3% |
| Fixed assets | 21/28 | €36,035 | €34,369 | -€1,667 | -4.6% |
| Tangible fixed assets | 22/27 | €36,035 | €34,369 | -€1,667 | -4.6% |
| Plant, machinery and equipment | 23 | €4,236 | €2,101 | -€2,135 | -50.4% |
| Furniture and vehicles | 24 | €31,800 | €32,268 | +€468 | +1.5% |
| Current assets | 29/58 | €104,111 | €91,393 | -€12,719 | -12.2% |
| Amounts receivable within one year | 40/41 | €76,366 | €89,075 | +€12,709 | +16.6% |
| Trade receivables | 40 | €52,126 | €55,022 | +€2,896 | +5.6% |
| Other amounts receivable | 41 | €24,240 | €34,053 | +€9,812 | +40.5% |
| Cash at bank and in hand | 54/58 | €25,949 | €1,659 | -€24,290 | -93.6% |
| Deferred charges and accrued income | 490/1 | €1,796 | €659 | -€1,138 | -63.3% |
| Total equity and liabilities | 10/49 | €140,147 | €125,761 | -€14,385 | -10.3% |
| Equity | 10/15 | €64,874 | €63,487 | -€1,387 | -2.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,874 | €53,487 | -€1,387 | -2.5% |
| Amounts payable | 17/49 | €75,273 | €62,275 | -€12,998 | -17.3% |
| Amounts payable after more than one year | 17 | €19,265 | €15,764 | -€3,501 | -18.2% |
| Financial debts | 170/4 | €19,265 | €15,764 | -€3,501 | -18.2% |
| Amounts payable within one year | 42/48 | €56,008 | €46,511 | -€9,497 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €6,179 | €6,179 | = | 0.0% |
| Trade debts | 44 | €34,629 | €34,372 | -€257 | -0.7% |
| Suppliers | 440/4 | €34,629 | €34,372 | -€257 | -0.7% |
| Taxes, remuneration and social security | 45 | €15,201 | €1,891 | -€13,310 | -87.6% |
| Taxes | 450/3 | €15,067 | €1,773 | -€13,294 | -88.2% |
| Remuneration and social security | 454/9 | €134 | €118 | -€16 | -11.9% |
| Other amounts payable | 47/48 | - | €4,070 | +€4,070 | |
| Non-recurring operating income | 76A | €1,364 | - | -€1,364 | |
| Remuneration, social security and pensions | 62 | €2,112 | €2,911 | +€798 | +37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,912 | €14,757 | +€11,846 | +406.8% |
| Other operating charges | 640/8 | €17,042 | €231 | -€16,811 | -98.6% |
| Gross operating margin | 9900 | €69,575 | €17,091 | -€52,483 | -75.4% |
| Operating profit (loss) | 9901 | €47,509 | -€807 | -€48,316 | |
| Financial income | 75/76B | €660 | €0 | -€660 | -100.0% |
| Recurring financial income | 75 | €660 | €0 | -€660 | -100.0% |
| Financial charges | 65/66B | €241 | €366 | +€126 | +52.4% |
| Recurring financial charges | 65 | €241 | €366 | +€126 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | €47,928 | -€1,174 | -€49,102 | |
| Income taxes | 67/77 | €15,067 | €213 | -€14,853 | -98.6% |
| Profit (loss) for the period | 9904 | €32,862 | -€1,387 | -€34,249 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,862 | -€1,387 | -€34,249 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.