MAZISA: 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.
MAZISA
Largest movements
- Receivables after one year +€73,767
new in 2025: €73,767
- Cash +€53,344
up €53,344 (+243%), from €21,974 to €75,318
mainly Net result for the year (+€106,358) and Receivables within one year (+€24,489)
- Receivables within one year -€24,489
down €24,489 (-46.8%), from €52,359 to €27,870
of which Other amounts receivable: -€24,847
- Tangible fixed assets -€3,702
down €3,702 (-12.0%), from €30,802 to €27,100
of which Plant, machinery and equipment: -€2,528
- Profit (loss) carried forward +€86,358
up €86,358 (+124%), from €69,606 to €155,964
- Other debts +€11,034
up €11,034 (+123%), from €8,966 to €20,000
- Accrued charges and deferred income +€3,453
up €3,453 (+230%), from €1,500 to €4,953
- Gross operating margin +€19,097
up €19,097 (+11.1%), from €171,815 to €190,912
- Taxes +€5,177
up €5,177 (+30.0%), from €17,253 to €22,430
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 | €105,135 | €204,055 | +€98,920 | +94.1% |
| Fixed assets | 21/28 | €30,802 | €27,100 | -€3,702 | -12.0% |
| Tangible fixed assets | 22/27 | €30,802 | €27,100 | -€3,702 | -12.0% |
| Land and buildings | 22 | €19,389 | €18,399 | -€990 | -5.1% |
| Plant, machinery and equipment | 23 | €10,724 | €8,196 | -€2,528 | -23.6% |
| Furniture and vehicles | 24 | €689 | €505 | -€184 | -26.7% |
| Current assets | 29/58 | €74,333 | €176,955 | +€102,622 | +138% |
| Amounts receivable after more than one year | 29 | - | €73,767 | +€73,767 | |
| Other amounts receivable | 291 | - | €73,767 | +€73,767 | |
| Amounts receivable within one year | 40/41 | €52,359 | €27,870 | -€24,489 | -46.8% |
| Trade receivables | 40 | €5,152 | €5,510 | +€358 | +6.9% |
| Other amounts receivable | 41 | €47,207 | €22,360 | -€24,847 | -52.6% |
| Cash at bank and in hand | 54/58 | €21,974 | €75,318 | +€53,344 | +243% |
| Total equity and liabilities | 10/49 | €105,135 | €204,055 | +€98,920 | +94.1% |
| Equity | 10/15 | €74,606 | €160,964 | +€86,358 | +116% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,606 | €155,964 | +€86,358 | +124% |
| Amounts payable | 17/49 | €30,529 | €43,091 | +€12,562 | +41.1% |
| Amounts payable within one year | 42/48 | €29,029 | €38,138 | +€9,109 | +31.4% |
| Trade debts | 44 | €710 | €269 | -€441 | -62.1% |
| Suppliers | 440/4 | €710 | €269 | -€441 | -62.1% |
| Taxes, remuneration and social security | 45 | €19,353 | €17,869 | -€1,484 | -7.7% |
| Taxes | 450/3 | €19,353 | €17,120 | -€2,233 | -11.5% |
| Remuneration and social security | 454/9 | - | €749 | +€749 | |
| Other amounts payable | 47/48 | €8,966 | €20,000 | +€11,034 | +123% |
| Accrued charges and deferred income | 492/3 | €1,500 | €4,953 | +€3,453 | +230% |
| Remuneration, social security and pensions | 62 | €61,091 | €59,668 | -€1,423 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,561 | €3,702 | +€1,141 | +44.6% |
| Other operating charges | 640/8 | €1,023 | €281 | -€742 | -72.5% |
| Gross operating margin | 9900 | €171,815 | €190,912 | +€19,097 | +11.1% |
| Operating profit (loss) | 9901 | €107,140 | €127,261 | +€20,121 | +18.8% |
| Financial income | 75/76B | €6 | €1,337 | +€1,331 | +22,183% |
| Recurring financial income | 75 | €6 | €1,337 | +€1,331 | +22,183% |
| Financial charges | 65/66B | €287 | -€190 | -€477 | |
| Recurring financial charges | 65 | €287 | -€190 | -€477 | |
| Profit (loss) for the period before taxes | 9903 | €106,859 | €128,788 | +€21,929 | +20.5% |
| Income taxes | 67/77 | €17,253 | €22,430 | +€5,177 | +30.0% |
| Profit (loss) for the period | 9904 | €89,606 | €106,358 | +€16,752 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €89,606 | €106,358 | +€16,752 | +18.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.