MAZOUT GRAPHICS: 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 GRAPHICS
Largest movements
- Receivables within one year -€10,015
down €10,015 (-54.1%), from €18,520 to €8,504
of which Other amounts receivable: -€7,500
- Cash -€8,821
down €8,821 (-18.9%), from €46,570 to €37,749
mainly Other debts (-€22,351) and Debts after one year (-€14,520)
- Tangible fixed assets -€7,499
down €7,499 (-13.9%), from €54,099 to €46,600
of which Other tangible fixed assets: -€8,150
- Stocks and contracts -€5,775
down €5,775 (-8.6%), from €67,026 to €61,251
- Other debts -€22,351
down €22,351 (-76.3%), from €29,305 to €6,954
- Profit (loss) carried forward +€16,131
up €16,131 (+39.7%), from -€40,676 to -€24,545
- Debts after one year -€14,520
down €14,520 (-13.1%), from €111,135 to €96,615
- Trade debts -€10,068
down €10,068 (-40.0%), from €25,174 to €15,106
- Gross operating margin -€10,697
down €10,697 (-18.6%), from €57,442 to €46,745
- Financial charges +€1,028
up €1,028 (+18.0%), from €5,704 to €6,732
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 | €191,566 | €158,926 | -€32,640 | -17.0% |
| Fixed assets | 21/28 | €54,403 | €46,600 | -€7,803 | -14.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €54,099 | €46,600 | -€7,499 | -13.9% |
| Plant, machinery and equipment | 23 | €1,172 | €1,823 | +€650 | +55.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €52,927 | €44,777 | -€8,150 | -15.4% |
| Financial fixed assets | 28 | €304 | €0 | -€304 | -100% |
| Current assets | 29/58 | €137,163 | €112,325 | -€24,837 | -18.1% |
| Stocks and contracts in progress | 3 | €67,026 | €61,251 | -€5,775 | -8.6% |
| Stocks | 30/36 | €67,026 | €61,251 | -€5,775 | -8.6% |
| Amounts receivable within one year | 40/41 | €18,520 | €8,504 | -€10,015 | -54.1% |
| Trade receivables | 40 | €8,483 | €5,967 | -€2,516 | -29.7% |
| Other amounts receivable | 41 | €10,037 | €2,537 | -€7,500 | -74.7% |
| Cash at bank and in hand | 54/58 | €46,570 | €37,749 | -€8,821 | -18.9% |
| Deferred charges and accrued income | 490/1 | €5,047 | €4,821 | -€226 | -4.5% |
| Total equity and liabilities | 10/49 | €191,566 | €158,926 | -€32,640 | -17.0% |
| Equity | 10/15 | -€243 | €15,888 | +€16,131 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,233 | €34,233 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €34,233 | €34,233 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,676 | -€24,545 | +€16,131 | +39.7% |
| Amounts payable | 17/49 | €191,809 | €143,038 | -€48,771 | -25.4% |
| Amounts payable after more than one year | 17 | €111,135 | €96,615 | -€14,520 | -13.1% |
| Financial debts | 170/4 | €111,135 | €96,615 | -€14,520 | -13.1% |
| Amounts payable within one year | 42/48 | €80,532 | €46,298 | -€34,234 | -42.5% |
| Current portion of amounts payable after more than one year | 42 | €15,259 | €14,520 | -€739 | -4.8% |
| Financial debts | 43 | €2,027 | €1,543 | -€484 | -23.9% |
| Credit institutions | 430/8 | €2,027 | €1,543 | -€484 | -23.9% |
| Trade debts | 44 | €25,174 | €15,106 | -€10,068 | -40.0% |
| Suppliers | 440/4 | €25,174 | €15,106 | -€10,068 | -40.0% |
| Taxes, remuneration and social security | 45 | €8,767 | €8,176 | -€591 | -6.7% |
| Taxes | 450/3 | €7,200 | €6,021 | -€1,178 | -16.4% |
| Remuneration and social security | 454/9 | €1,567 | €2,155 | +€587 | +37.5% |
| Other amounts payable | 47/48 | €29,305 | €6,954 | -€22,351 | -76.3% |
| Accrued charges and deferred income | 492/3 | €142 | €124 | -€18 | -12.7% |
| Remuneration, social security and pensions | 62 | €13,527 | €13,286 | -€241 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,329 | €9,936 | -€393 | -3.8% |
| Other operating charges | 640/8 | €317 | €738 | +€421 | +133% |
| Gross operating margin | 9900 | €57,442 | €46,745 | -€10,697 | -18.6% |
| Operating profit (loss) | 9901 | €33,269 | €22,785 | -€10,484 | -31.5% |
| Financial income | 75/76B | €54 | €239 | +€185 | +342% |
| Recurring financial income | 75 | €54 | €239 | +€185 | +342% |
| Financial charges | 65/66B | €5,704 | €6,732 | +€1,028 | +18.0% |
| Recurring financial charges | 65 | €5,704 | €6,732 | +€1,028 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €27,619 | €16,292 | -€11,327 | -41.0% |
| Income taxes | 67/77 | €124 | €161 | +€37 | +30.2% |
| Profit (loss) for the period | 9904 | €27,495 | €16,131 | -€11,364 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,495 | €16,131 | -€11,364 | -41.3% |
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 24 October 2026 via checked.be.