MAZOUT BOUHARMONT: 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.
MAZOUT BOUHARMONT
Largest movements
- Current investments +€105,056
up €105,056 (+21.0%), from €500,000 to €605,056
- Cash -€90,265
down €90,265 (-37.2%), from €242,677 to €152,412
mainly Current investments (-€105,056) and Trade debts (-€96,845)
- Receivables within one year -€56,140
down €56,140 (-62.2%), from €90,307 to €34,167
of which Trade receivables: -€48,644
- Tangible fixed assets -€31,518
down €31,518 (-18.8%), from €167,518 to €136,001
of which Land and buildings: -€20,938
- Stocks and contracts -€21,447
down €21,447 (-16.8%), from €127,753 to €106,306
- Trade debts -€96,845
down €96,845 (-52.6%), from €184,121 to €87,276
- Reserves +€59,000
up €59,000 (+11.8%), from €500,975 to €559,975
of which Distributable reserves: +€59,000
- Other debts -€44,711
down €44,711 (-96.1%), from €46,549 to €1,838
- Debts after one year -€24,145
down €24,145 (-100%), from €24,145 to €0
- Gross operating margin -€643,470
down €643,470 (-77.3%), from €832,015 to €188,545
- Taxes -€200,132
down €200,132 (-87.1%), from €229,685 to €29,553
- Write-downs -€23,965
down €23,965, from €5,011 to -€18,954
- Other operating charges +€14,547
up €14,547 (+90.9%), from €16,003 to €30,550
- Staff costs -€10,181
down €10,181 (-13.6%), from €75,064 to €64,882
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 | €1,145,092 | €1,047,588 | -€97,504 | -8.5% |
| Fixed assets | 21/28 | €170,928 | €139,411 | -€31,518 | -18.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €167,518 | €136,001 | -€31,518 | -18.8% |
| Land and buildings | 22 | €146,434 | €125,496 | -€20,938 | -14.3% |
| Plant, machinery and equipment | 23 | €21,085 | €10,505 | -€10,580 | -50.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €3,410 | €3,410 | = | 0.0% |
| Current assets | 29/58 | €974,164 | €908,177 | -€65,987 | -6.8% |
| Stocks and contracts in progress | 3 | €127,753 | €106,306 | -€21,447 | -16.8% |
| Stocks | 30/36 | €127,753 | €106,306 | -€21,447 | -16.8% |
| Amounts receivable within one year | 40/41 | €90,307 | €34,167 | -€56,140 | -62.2% |
| Trade receivables | 40 | €77,213 | €28,569 | -€48,644 | -63.0% |
| Other amounts receivable | 41 | €13,094 | €5,598 | -€7,496 | -57.2% |
| Current investments | 50/53 | €500,000 | €605,056 | +€105,056 | +21.0% |
| Cash at bank and in hand | 54/58 | €242,677 | €152,412 | -€90,265 | -37.2% |
| Deferred charges and accrued income | 490/1 | €13,427 | €10,236 | -€3,190 | -23.8% |
| Total equity and liabilities | 10/49 | €1,145,092 | €1,047,588 | -€97,504 | -8.5% |
| Equity | 10/15 | €791,692 | €850,940 | +€59,249 | +7.5% |
| Contributions | 10/11 | €29,747 | €29,747 | = | 0.0% |
| Reserves | 13 | €500,975 | €559,975 | +€59,000 | +11.8% |
| Non-distributable reserves | 130/1 | €20,975 | €20,975 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,975 | €20,975 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | €0 | = | |
| Distributable reserves | 133 | €480,000 | €539,000 | +€59,000 | +12.3% |
| Profit (loss) carried forward | 14 | €260,970 | €261,219 | +€249 | +0.1% |
| Amounts payable | 17/49 | €353,400 | €196,647 | -€156,753 | -44.4% |
| Amounts payable after more than one year | 17 | €24,145 | €0 | -€24,145 | -100% |
| Financial debts | 170/4 | €24,145 | €0 | -€24,145 | -100% |
| Amounts payable within one year | 42/48 | €329,023 | €196,422 | -€132,601 | -40.3% |
| Current portion of amounts payable after more than one year | 42 | €23,092 | €24,145 | +€1,053 | +4.6% |
| Trade debts | 44 | €184,121 | €87,276 | -€96,845 | -52.6% |
| Suppliers | 440/4 | €184,121 | €87,276 | -€96,845 | -52.6% |
| Taxes, remuneration and social security | 45 | €75,262 | €83,164 | +€7,902 | +10.5% |
| Taxes | 450/3 | €65,252 | €74,670 | +€9,419 | +14.4% |
| Remuneration and social security | 454/9 | €10,010 | €8,493 | -€1,517 | -15.2% |
| Other amounts payable | 47/48 | €46,549 | €1,838 | -€44,711 | -96.1% |
| Accrued charges and deferred income | 492/3 | €232 | €225 | -€7 | -3.0% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €75,064 | €64,882 | -€10,181 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,518 | €31,518 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,011 | -€18,954 | -€23,965 | |
| Other operating charges | 640/8 | €16,003 | €30,550 | +€14,547 | +90.9% |
| Non-recurring operating charges | 66A | €0 | €0 | = | |
| Gross operating margin | 9900 | €832,015 | €188,545 | -€643,470 | -77.3% |
| Operating profit (loss) | 9901 | €704,420 | €80,550 | -€623,870 | -88.6% |
| Financial income | 75/76B | €18,567 | €14,322 | -€4,244 | -22.9% |
| Recurring financial income | 75 | €18,567 | €14,322 | -€4,244 | -22.9% |
| Non-recurring financial income | 76B | €0 | €0 | = | |
| Financial charges | 65/66B | €13,192 | €6,071 | -€7,122 | -54.0% |
| Recurring financial charges | 65 | €13,192 | €6,071 | -€7,122 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €709,794 | €88,801 | -€620,993 | -87.5% |
| Income taxes | 67/77 | €229,685 | €29,553 | -€200,132 | -87.1% |
| Profit (loss) for the period | 9904 | €480,110 | €59,249 | -€420,861 | -87.7% |
| Transfer from tax-exempt reserves | 789 | €0 | €0 | = | |
| Transfer to tax-exempt reserves | 689 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €480,110 | €59,249 | -€420,861 | -87.7% |
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 27 October 2026 via checked.be.