MAZKO PIZZIX: 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.
MAZKO PIZZIX
Largest movements
- Tangible fixed assets +€177,685
up €177,685 (+149%), from €118,967 to €296,652
of which Leasing and similar rights: +€158,577
- Receivables within one year -€49,836
down €49,836 (-67.2%), from €74,210 to €24,375
of which Trade receivables: -€25,000
- Financial fixed assets +€39,000
new in 2025: €39,000
- Cash +€5,158
up €5,158 (+534%), from €965 to €6,124
mainly Debts after one year (+€176,260) and Receivables within one year (+€49,836)
- Debts after one year +€176,260
new in 2025: €176,260
- Profit (loss) carried forward -€70,296
down €70,296 (-637%), from -€11,043 to -€81,339
- Current portion of long-term debt +€46,399
new in 2025: €46,399
- Trade debts +€28,107
up €28,107 (+589%), from €4,771 to €32,877
- Other debts -€8,463
down €8,463 (-8.4%), from €100,415 to €91,953
- Gross operating margin -€38,122
down €38,122 (-3,152%), from -€1,209 to -€39,331
- Depreciation +€22,939
up €22,939 (+70,561%), from €33 to €22,972
- Financial charges +€6,938
up €6,938 (+7,709%), from €90 to €7,028
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 | €194,143 | €366,150 | +€172,007 | +88.6% |
| Fixed assets | 21/28 | €118,967 | €335,652 | +€216,685 | +182% |
| Tangible fixed assets | 22/27 | €118,967 | €296,652 | +€177,685 | +149% |
| Leasing and similar rights | 25 | - | €158,577 | +€158,577 | |
| Other tangible fixed assets | 26 | €118,967 | €138,075 | +€19,108 | +16.1% |
| Financial fixed assets | 28 | - | €39,000 | +€39,000 | |
| Current assets | 29/58 | €75,176 | €30,498 | -€44,677 | -59.4% |
| Amounts receivable within one year | 40/41 | €74,210 | €24,375 | -€49,836 | -67.2% |
| Trade receivables | 40 | €25,000 | - | -€25,000 | |
| Other amounts receivable | 41 | €49,210 | €24,375 | -€24,836 | -50.5% |
| Cash at bank and in hand | 54/58 | €965 | €6,124 | +€5,158 | +534% |
| Total equity and liabilities | 10/49 | €194,143 | €366,150 | +€172,007 | +88.6% |
| Equity | 10/15 | €88,957 | €18,661 | -€70,296 | -79.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,043 | -€81,339 | -€70,296 | -637% |
| Amounts payable | 17/49 | €105,186 | €347,489 | +€242,303 | +230% |
| Amounts payable after more than one year | 17 | - | €176,260 | +€176,260 | |
| Financial debts | 170/4 | - | €176,260 | +€176,260 | |
| Amounts payable within one year | 42/48 | €105,186 | €171,229 | +€66,043 | +62.8% |
| Current portion of amounts payable after more than one year | 42 | - | €46,399 | +€46,399 | |
| Trade debts | 44 | €4,771 | €32,877 | +€28,107 | +589% |
| Suppliers | 440/4 | €4,771 | €32,877 | +€28,107 | +589% |
| Other amounts payable | 47/48 | €100,415 | €91,953 | -€8,463 | -8.4% |
| Non-recurring operating income | 76A | - | €33 | +€33 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33 | €22,972 | +€22,939 | +70,561% |
| Other operating charges | 640/8 | €781 | €965 | +€185 | +23.6% |
| Gross operating margin | 9900 | -€1,209 | -€39,331 | -€38,122 | -3,152% |
| Operating profit (loss) | 9901 | -€2,022 | -€63,268 | -€61,246 | -3,028% |
| Financial charges | 65/66B | €90 | €7,028 | +€6,938 | +7,709% |
| Recurring financial charges | 65 | €90 | €7,028 | +€6,938 | +7,709% |
| Profit (loss) for the period before taxes | 9903 | -€2,112 | -€70,296 | -€68,184 | -3,228% |
| Profit (loss) for the period | 9904 | -€2,112 | -€70,296 | -€68,184 | -3,228% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,112 | -€70,296 | -€68,184 | -3,228% |
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 28 October 2026 via checked.be.