MAZOUT JANSSEN: 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 JANSSEN
Largest movements
- Receivables within one year -€75,451
down €75,451 (-8.3%), from €911,934 to €836,483
of which Other amounts receivable: -€62,467
- Cash -€30,540
down €30,540 (-44.1%), from €69,299 to €38,760
mainly Short-term financial debts (-€200,000) and Debts after one year (-€32,306)
- Stocks and contracts +€20,770
up €20,770 (+55.3%), from €37,545 to €58,314
- Short-term financial debts -€200,000
no longer reported in 2025 (was €200,000)
- Trade debts +€69,488
up €69,488 (+12.9%), from €538,320 to €607,807
- Profit (loss) carried forward +€51,286
up €51,286 (+18.2%), from €282,146 to €333,431
- Debts after one year -€32,306
down €32,306 (-42.2%), from €76,605 to €44,299
- Tax, wage and social debts +€16,977
up €16,977 (+42.5%), from €39,910 to €56,887
of which Taxes: +€19,523
- Gross operating margin -€78,020
down €78,020 (-18.8%), from €415,900 to €337,880
- Staff costs -€14,182
down €14,182 (-6.4%), from €222,259 to €208,078
- Taxes -€14,123
down €14,123 (-40.3%), from €35,024 to €20,901
- Depreciation -€10,159
down €10,159 (-29.0%), from €35,057 to €24,898
- Write-downs +€5,740
up €5,740, from -€1,996 to €3,744
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 | €1,197,578 | €1,103,161 | -€94,417 | -7.9% |
| Fixed assets | 21/28 | €167,246 | €148,553 | -€18,693 | -11.2% |
| Intangible fixed assets | 21 | €93,879 | €82,278 | -€11,601 | -12.4% |
| Tangible fixed assets | 22/27 | €73,367 | €66,275 | -€7,092 | -9.7% |
| Plant, machinery and equipment | 23 | €28,793 | €23,274 | -€5,520 | -19.2% |
| Furniture and vehicles | 24 | €8,548 | €11,590 | +€3,042 | +35.6% |
| Other tangible fixed assets | 26 | €36,026 | €31,412 | -€4,614 | -12.8% |
| Current assets | 29/58 | €1,030,332 | €954,608 | -€75,724 | -7.3% |
| Stocks and contracts in progress | 3 | €37,545 | €58,314 | +€20,770 | +55.3% |
| Stocks | 30/36 | €37,545 | €58,314 | +€20,770 | +55.3% |
| Amounts receivable within one year | 40/41 | €911,934 | €836,483 | -€75,451 | -8.3% |
| Trade receivables | 40 | €552,135 | €539,152 | -€12,984 | -2.4% |
| Other amounts receivable | 41 | €359,799 | €297,331 | -€62,467 | -17.4% |
| Cash at bank and in hand | 54/58 | €69,299 | €38,760 | -€30,540 | -44.1% |
| Deferred charges and accrued income | 490/1 | €11,554 | €21,051 | +€9,497 | +82.2% |
| Total equity and liabilities | 10/49 | €1,197,578 | €1,103,161 | -€94,417 | -7.9% |
| Equity | 10/15 | €302,606 | €353,891 | +€51,286 | +16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €282,146 | €333,431 | +€51,286 | +18.2% |
| Amounts payable | 17/49 | €894,972 | €749,270 | -€145,703 | -16.3% |
| Amounts payable after more than one year | 17 | €76,605 | €44,299 | -€32,306 | -42.2% |
| Financial debts | 170/4 | €76,605 | €44,299 | -€32,306 | -42.2% |
| Amounts payable within one year | 42/48 | €818,367 | €704,971 | -€113,396 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €31,550 | €31,689 | +€139 | +0.4% |
| Financial debts | 43 | €200,000 | - | -€200,000 | |
| Credit institutions | 430/8 | €200,000 | - | -€200,000 | |
| Trade debts | 44 | €538,320 | €607,807 | +€69,488 | +12.9% |
| Suppliers | 440/4 | €538,320 | €607,807 | +€69,488 | +12.9% |
| Taxes, remuneration and social security | 45 | €39,910 | €56,887 | +€16,977 | +42.5% |
| Taxes | 450/3 | €11,187 | €30,710 | +€19,523 | +175% |
| Remuneration and social security | 454/9 | €28,722 | €26,176 | -€2,546 | -8.9% |
| Other amounts payable | 47/48 | €8,588 | €8,588 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €222,259 | €208,078 | -€14,182 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,057 | €24,898 | -€10,159 | -29.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,996 | €3,744 | +€5,740 | |
| Other operating charges | 640/8 | €22,524 | €17,454 | -€5,070 | -22.5% |
| Non-recurring operating charges | 66A | - | €2,273 | +€2,273 | |
| Gross operating margin | 9900 | €415,900 | €337,880 | -€78,020 | -18.8% |
| Operating profit (loss) | 9901 | €138,055 | €81,434 | -€56,622 | -41.0% |
| Financial income | 75/76B | €9,982 | €10,015 | +€33 | +0.3% |
| Recurring financial income | 75 | €9,982 | €10,015 | +€33 | +0.3% |
| Financial charges | 65/66B | €20,223 | €19,262 | -€961 | -4.8% |
| Recurring financial charges | 65 | €20,223 | €19,262 | -€961 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €127,815 | €72,187 | -€55,628 | -43.5% |
| Income taxes | 67/77 | €35,024 | €20,901 | -€14,123 | -40.3% |
| Profit (loss) for the period | 9904 | €92,790 | €51,286 | -€41,505 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €92,790 | €51,286 | -€41,505 | -44.7% |
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 16 October 2026 via checked.be.