MAZONE: 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.
MAZONE
Largest movements
- Current investments -€62,505
down €62,505 (-56.3%), from €110,980 to €48,476
- Receivables within one year -€28,460
down €28,460 (-34.9%), from €81,663 to €53,204
of which Other amounts receivable: -€23,137
- Cash +€16,592
up €16,592 (+15.5%), from €107,197 to €123,789
mainly Current investments (+€62,505) and Receivables within one year (+€28,460)
- Trade debts -€72,852
down €72,852 (-46.0%), from €158,515 to €85,663
- Tax, wage and social debts -€7,497
down €7,497 (-7.9%), from €94,530 to €87,034
of which Remuneration and social security: -€7,323
- Provisions +€24,500
no longer reported in 2025 (was -€24,500)
- Staff costs -€18,063
down €18,063 (-2.5%), from €709,239 to €691,177
- Gross operating margin +€11,938
up €11,938 (+1.7%), from €691,981 to €703,919
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 | €332,323 | €251,977 | -€80,346 | -24.2% |
| Fixed assets | 21/28 | €9,581 | €6,914 | -€2,667 | -27.8% |
| Tangible fixed assets | 22/27 | €9,216 | €6,549 | -€2,667 | -28.9% |
| Plant, machinery and equipment | 23 | €3,875 | €2,543 | -€1,332 | -34.4% |
| Other tangible fixed assets | 26 | €5,340 | €4,005 | -€1,335 | -25.0% |
| Financial fixed assets | 28 | €365 | €365 | = | 0.0% |
| Current assets | 29/58 | €322,742 | €245,064 | -€77,679 | -24.1% |
| Stocks and contracts in progress | 3 | €22,901 | €19,595 | -€3,306 | -14.4% |
| Stocks | 30/36 | €22,901 | €19,595 | -€3,306 | -14.4% |
| Amounts receivable within one year | 40/41 | €81,663 | €53,204 | -€28,460 | -34.9% |
| Trade receivables | 40 | €6,533 | €1,210 | -€5,323 | -81.5% |
| Other amounts receivable | 41 | €75,130 | €51,993 | -€23,137 | -30.8% |
| Current investments | 50/53 | €110,980 | €48,476 | -€62,505 | -56.3% |
| Cash at bank and in hand | 54/58 | €107,197 | €123,789 | +€16,592 | +15.5% |
| Total equity and liabilities | 10/49 | €332,323 | €251,977 | -€80,346 | -24.2% |
| Equity | 10/15 | €79,278 | €79,281 | +€3 | 0.0% |
| Contributions | 10/11 | €34,100 | €34,100 | = | 0.0% |
| Reserves | 13 | €5,500 | €5,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,678 | €39,681 | +€3 | 0.0% |
| Amounts payable | 17/49 | €253,045 | €172,696 | -€80,349 | -31.8% |
| Amounts payable within one year | 42/48 | €253,045 | €172,696 | -€80,349 | -31.8% |
| Trade debts | 44 | €158,515 | €85,663 | -€72,852 | -46.0% |
| Suppliers | 440/4 | €158,515 | €85,663 | -€72,852 | -46.0% |
| Taxes, remuneration and social security | 45 | €94,530 | €87,034 | -€7,497 | -7.9% |
| Taxes | 450/3 | €173 | - | -€173 | |
| Remuneration and social security | 454/9 | €94,357 | €87,034 | -€7,323 | -7.8% |
| Remuneration, social security and pensions | 62 | €709,239 | €691,177 | -€18,063 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,002 | €2,667 | -€335 | -11.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€24,500 | - | +€24,500 | |
| Other operating charges | 640/8 | €2,153 | €2,561 | +€408 | +19.0% |
| Gross operating margin | 9900 | €691,981 | €703,919 | +€11,938 | +1.7% |
| Operating profit (loss) | 9901 | €2,087 | €7,515 | +€5,427 | +260.0% |
| Financial income | 75/76B | €1,143 | €707 | -€435 | -38.1% |
| Recurring financial income | 75 | €1,143 | €707 | -€435 | -38.1% |
| Financial charges | 65/66B | €6,614 | €6,561 | -€53 | -0.8% |
| Recurring financial charges | 65 | €6,614 | €6,561 | -€53 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,384 | €1,661 | +€5,045 | |
| Income taxes | 67/77 | €3,206 | €1,658 | -€1,548 | -48.3% |
| Profit (loss) for the period | 9904 | -€6,590 | €3 | +€6,593 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,590 | €3 | +€6,593 |
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 7 October 2026 via checked.be.