MAZY CULTURE: what changed
What changed
MAZY CULTURE
filed annual accounts (NBB)
Net result for the year
€282
2024 · €9,593-€9,311
Equity
€56,999
2024 · €56,811+€188
Cash
€47,258
2024 · €59,908-€12,651
Balance sheet total
€161,121
2024 · €173,343-€12,222
Largest movements
Assets
- Cash -€12,651
down €12,651 (-21.1%), from €59,908 to €47,258
mainly Investment in fixed assets (net) (-€18,797) and Debts after one year (-€9,367)
- Tangible fixed assets +€1,977
up €1,977 (+1.8%), from €109,632 to €111,608
of which Assets under construction and advance payments: +€103,852
Equity and liabilities
- Debts after one year -€9,367
down €9,367 (-13.8%), from €68,104 to €58,737
- Other debts -€5,645
down €5,645 (-16.2%), from €34,916 to €29,271
- Trade debts +€2,559
new in 2025: €2,559
Income statement
- Gross operating margin -€7,923
down €7,923 (-26.1%), from €30,391 to €22,468
- Financial charges +€1,170
up €1,170 (+67.5%), from €1,735 to €2,905
- Depreciation +€318
up €318 (+1.9%), from €16,502 to €16,820
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9,593
Gross operating margin
-€7,923
Depreciation
-€318
Other operating charges
-€82
Financial income
+€260
Financial charges
-€1,170
Taxes
-€78
Result 2025
€282
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€16,012
Investment
-€18,797
Financing
-€9,866
Cash 2024
€59,908
From operations (derived)
+€16,012
Net result for the year
+€282
Depreciation
+€16,820
Stocks and contracts
+€435
Receivables within one year
+€131
Deferred charges and accrued income
+€982
Trade debts
+€2,559
Advances received
+€447
Other debts
-€5,645
Investment (derived)
-€18,797
Investment in fixed assets (net)
-€18,797
Financing
-€9,866
Debts after one year
-€9,367
Current portion of long-term debt
-€404
Contributions, distributions and other
-€94
Cash 2025
€47,258
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,343 | €161,121 | -€12,222 | -7.1% |
| Fixed assets | 21/28 | €109,932 | €111,908 | +€1,977 | +1.8% |
| Tangible fixed assets | 22/27 | €109,632 | €111,608 | +€1,977 | +1.8% |
| Land and buildings | 22 | €99,853 | - | -€99,853 | |
| Plant, machinery and equipment | 23 | €9,779 | €7,756 | -€2,022 | -20.7% |
| Assets under construction and advance payments | 27 | - | €103,852 | +€103,852 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €63,411 | €49,212 | -€14,199 | -22.4% |
| Stocks and contracts in progress | 3 | €765 | €330 | -€435 | -56.9% |
| Stocks | 30/36 | €765 | €330 | -€435 | -56.9% |
| Amounts receivable within one year | 40/41 | €262 | €131 | -€131 | -50.1% |
| Other amounts receivable | 41 | €262 | €131 | -€131 | -50.1% |
| Cash at bank and in hand | 54/58 | €59,908 | €47,258 | -€12,651 | -21.1% |
| Deferred charges and accrued income | 490/1 | €2,476 | €1,494 | -€982 | -39.6% |
| Total equity and liabilities | 10/49 | €173,343 | €161,121 | -€12,222 | -7.1% |
| Equity | 10/15 | €56,811 | €56,999 | +€188 | +0.3% |
| Contributions | 10/11 | €198,772 | €198,677 | -€94 | 0.0% |
| Capital | 10 | €198,772 | - | -€198,772 | |
| Issued capital | 100 | €210,390 | - | -€210,390 | |
| Uncalled capital | 101 | €11,618 | - | -€11,618 | |
| Profit (loss) carried forward | 14 | -€141,961 | -€141,678 | +€282 | +0.2% |
| Amounts payable | 17/49 | €116,532 | €104,122 | -€12,410 | -10.6% |
| Amounts payable after more than one year | 17 | €68,104 | €58,737 | -€9,367 | -13.8% |
| Financial debts | 170/4 | €68,104 | €58,737 | -€9,367 | -13.8% |
| Amounts payable within one year | 42/48 | €48,428 | €45,385 | -€3,043 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €10,472 | €10,068 | -€404 | -3.9% |
| Trade debts | 44 | - | €2,559 | +€2,559 | |
| Suppliers | 440/4 | - | €2,559 | +€2,559 | |
| Advances received on contracts in progress | 46 | €3,040 | €3,488 | +€447 | +14.7% |
| Other amounts payable | 47/48 | €34,916 | €29,271 | -€5,645 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,502 | €16,820 | +€318 | +1.9% |
| Other operating charges | 640/8 | €2,669 | €2,751 | +€82 | +3.1% |
| Gross operating margin | 9900 | €30,391 | €22,468 | -€7,923 | -26.1% |
| Operating profit (loss) | 9901 | €11,220 | €2,897 | -€8,323 | -74.2% |
| Financial income | 75/76B | €148 | €408 | +€260 | +176% |
| Recurring financial income | 75 | €148 | €408 | +€260 | +176% |
| Financial charges | 65/66B | €1,735 | €2,905 | +€1,170 | +67.5% |
| Recurring financial charges | 65 | €1,735 | €2,905 | +€1,170 | +67.5% |
| Profit (loss) for the period before taxes | 9903 | €9,633 | €400 | -€9,233 | -95.8% |
| Income taxes | 67/77 | €40 | €118 | +€78 | +195% |
| Profit (loss) for the period | 9904 | €9,593 | €282 | -€9,311 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,593 | €282 | -€9,311 | -97.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.