MAZZ & SO MANAGEMENT: 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.
MAZZ & SO MANAGEMENT
Largest movements
- Receivables within one year -€8,339
down €8,339 (-57.3%), from €14,554 to €6,214
of which Other amounts receivable: -€6,451
- Cash -€3,619
down €3,619 (-21.4%), from €16,949 to €13,329
mainly Net result for the year (-€15,210) and Trade debts (-€632)
- Tangible fixed assets -€2,574
down €2,574 (-49.4%), from €5,214 to €2,639
- Profit (loss) carried forward -€15,210
down €15,210 (-43.8%), from €34,699 to €19,489
- Other debts +€871
up €871 (+18.2%), from €4,789 to €5,660
- Trade debts -€632
down €632 (-37.7%), from €1,676 to €1,045
- Gross operating margin -€25,737
down €25,737, from €15,033 to -€10,704
- Financial charges -€3,231
down €3,231 (-96.5%), from €3,350 to €118
- Taxes -€2,924
down €2,924 (-83.4%), from €3,508 to €584
- Other operating charges -€1,713
down €1,713 (-58.2%), from €2,944 to €1,230
- Depreciation -€182
down €182 (-6.6%), from €2,756 to €2,574
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 | €61,675 | €47,095 | -€14,580 | -23.6% |
| Fixed assets | 21/28 | €6,296 | €3,722 | -€2,574 | -40.9% |
| Tangible fixed assets | 22/27 | €5,214 | €2,639 | -€2,574 | -49.4% |
| Furniture and vehicles | 24 | €5,214 | €2,639 | -€2,574 | -49.4% |
| Financial fixed assets | 28 | €1,083 | €1,083 | = | 0.0% |
| Current assets | 29/58 | €55,378 | €43,373 | -€12,005 | -21.7% |
| Amounts receivable within one year | 40/41 | €14,554 | €6,214 | -€8,339 | -57.3% |
| Trade receivables | 40 | €4,611 | €2,723 | -€1,889 | -41.0% |
| Other amounts receivable | 41 | €9,942 | €3,492 | -€6,451 | -64.9% |
| Current investments | 50/53 | €23,040 | €23,040 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,949 | €13,329 | -€3,619 | -21.4% |
| Deferred charges and accrued income | 490/1 | €836 | €789 | -€47 | -5.6% |
| Total equity and liabilities | 10/49 | €61,675 | €47,095 | -€14,580 | -23.6% |
| Equity | 10/15 | €55,159 | €39,949 | -€15,210 | -27.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,699 | €19,489 | -€15,210 | -43.8% |
| Amounts payable | 17/49 | €6,515 | €7,146 | +€631 | +9.7% |
| Amounts payable within one year | 42/48 | €6,465 | €7,146 | +€681 | +10.5% |
| Trade debts | 44 | €1,676 | €1,045 | -€632 | -37.7% |
| Suppliers | 440/4 | €1,676 | €1,045 | -€632 | -37.7% |
| Taxes, remuneration and social security | 45 | - | €441 | +€441 | |
| Taxes | 450/3 | - | €441 | +€441 | |
| Other amounts payable | 47/48 | €4,789 | €5,660 | +€871 | +18.2% |
| Accrued charges and deferred income | 492/3 | €50 | - | -€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,756 | €2,574 | -€182 | -6.6% |
| Other operating charges | 640/8 | €2,944 | €1,230 | -€1,713 | -58.2% |
| Gross operating margin | 9900 | €15,033 | -€10,704 | -€25,737 | |
| Operating profit (loss) | 9901 | €9,333 | -€14,508 | -€23,842 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -91.2% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -91.2% |
| Financial charges | 65/66B | €3,350 | €118 | -€3,231 | -96.5% |
| Recurring financial charges | 65 | €3,350 | €118 | -€3,231 | -96.5% |
| Profit (loss) for the period before taxes | 9903 | €5,986 | -€14,627 | -€20,612 | |
| Income taxes | 67/77 | €3,508 | €584 | -€2,924 | -83.4% |
| Profit (loss) for the period | 9904 | €2,478 | -€15,210 | -€17,688 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,478 | -€15,210 | -€17,688 |
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 28 October 2026 via checked.be.