MAZZEL PROPERTY: 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.
MAZZEL PROPERTY
Largest movements
- Cash -€37,641
down €37,641 (-73.9%), from €50,907 to €13,266
mainly Receivables within one year (-€36,500) and Debts after one year (-€29,322)
- Receivables within one year +€36,500
up €36,500 (+36.2%), from €100,722 to €137,222
- Tangible fixed assets -€22,062
down €22,062 (-5.9%), from €373,331 to €351,269
- Debts after one year -€29,322
down €29,322 (-13.7%), from €213,609 to €184,288
- Reserves +€21,462
up €21,462 (+32.5%), from €66,047 to €87,508
of which Distributable reserves: +€21,462
- Other debts -€18,087
down €18,087 (-12.1%), from €150,003 to €131,916
- Tax, wage and social debts +€5,262
up €5,262 (+75.0%), from €7,012 to €12,274
- Financial charges -€8,632
down €8,632 (-75.8%), from €11,389 to €2,757
- Taxes +€3,351
up €3,351 (+75.1%), from €4,462 to €7,813
- Gross operating margin +€2,850
up €2,850 (+4.1%), from €68,772 to €71,622
- Depreciation -€1,951
down €1,951 (-8.1%), from €24,013 to €22,062
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 | €524,960 | €501,757 | -€23,203 | -4.4% |
| Fixed assets | 21/28 | €373,331 | €351,269 | -€22,062 | -5.9% |
| Tangible fixed assets | 22/27 | €373,331 | €351,269 | -€22,062 | -5.9% |
| Land and buildings | 22 | €373,331 | €351,269 | -€22,062 | -5.9% |
| Current assets | 29/58 | €151,629 | €150,488 | -€1,141 | -0.8% |
| Amounts receivable within one year | 40/41 | €100,722 | €137,222 | +€36,500 | +36.2% |
| Other amounts receivable | 41 | €100,722 | €137,222 | +€36,500 | +36.2% |
| Cash at bank and in hand | 54/58 | €50,907 | €13,266 | -€37,641 | -73.9% |
| Total equity and liabilities | 10/49 | €524,960 | €501,757 | -€23,203 | -4.4% |
| Equity | 10/15 | €127,547 | €149,008 | +€21,462 | +16.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €66,047 | €87,508 | +€21,462 | +32.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €59,897 | €81,358 | +€21,462 | +35.8% |
| Amounts payable | 17/49 | €397,414 | €352,749 | -€44,665 | -11.2% |
| Amounts payable after more than one year | 17 | €213,609 | €184,288 | -€29,322 | -13.7% |
| Financial debts | 170/4 | €213,609 | €184,288 | -€29,322 | -13.7% |
| Amounts payable within one year | 42/48 | €183,804 | €168,461 | -€15,343 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €26,788 | €24,271 | -€2,518 | -9.4% |
| Taxes, remuneration and social security | 45 | €7,012 | €12,274 | +€5,262 | +75.0% |
| Taxes | 450/3 | €7,012 | €12,274 | +€5,262 | +75.0% |
| Other amounts payable | 47/48 | €150,003 | €131,916 | -€18,087 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,013 | €22,062 | -€1,951 | -8.1% |
| Other operating charges | 640/8 | €16,997 | €17,529 | +€532 | +3.1% |
| Gross operating margin | 9900 | €68,772 | €71,622 | +€2,850 | +4.1% |
| Operating profit (loss) | 9901 | €27,763 | €32,031 | +€4,268 | +15.4% |
| Financial charges | 65/66B | €11,389 | €2,757 | -€8,632 | -75.8% |
| Recurring financial charges | 65 | €11,389 | €2,757 | -€8,632 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | €16,373 | €29,274 | +€12,901 | +78.8% |
| Income taxes | 67/77 | €4,462 | €7,813 | +€3,351 | +75.1% |
| Profit (loss) for the period | 9904 | €11,912 | €21,462 | +€9,550 | +80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,912 | €21,462 | +€9,550 | +80.2% |
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.