Mazzella: what changed
Two fiscal 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.
Mazzella
Largest movements
- Tangible fixed assets +€5,330
new in 2025: €5,330
- Cash -€1,420
down €1,420 (-87.3%), from €1,627 to €207
mainly Investment in fixed assets (net) (-€6,001) and Receivables within one year (-€1,205)
- Receivables within one year +€1,205
up €1,205 (+12.4%), from €9,715 to €10,920
of which Other amounts receivable: +€1,566
- Deferred charges and accrued income +€362
new in 2025: €362
- Debts after one year +€1,624
new in 2025: €1,624
- Current portion of long-term debt +€1,411
new in 2025: €1,411
- Profit (loss) carried forward +€896
up €896 (+28.6%), from €3,135 to €4,032
- Trade debts +€785
up €785 (+35.5%), from €2,211 to €2,995
- Tax, wage and social debts +€762
up €762 (+19.1%), from €3,997 to €4,758
- Gross operating margin -€1,185
down €1,185 (-31.0%), from €3,827 to €2,641
- Depreciation +€671
new in 2025: €671
- Financial charges +€225
new in 2025: €225
- Financial income +€189
up €189 (+109.2%), from €173 to €363
- Other operating charges +€182
new in 2025: €182
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.
Cash bridge derived
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 | €11,343 | €16,820 | +€5,478 | +48.3% |
| Fixed assets | 21/28 | - | €5,330 | +€5,330 | |
| Tangible fixed assets | 22/27 | - | €5,330 | +€5,330 | |
| Furniture and vehicles | 24 | - | €5,330 | +€5,330 | |
| Current assets | 29/58 | €11,343 | €11,490 | +€147 | +1.3% |
| Amounts receivable within one year | 40/41 | €9,715 | €10,920 | +€1,205 | +12.4% |
| Trade receivables | 40 | €3,991 | €3,630 | -€361 | -9.0% |
| Other amounts receivable | 41 | €5,724 | €7,290 | +€1,566 | +27.4% |
| Cash at bank and in hand | 54/58 | €1,627 | €207 | -€1,420 | -87.3% |
| Deferred charges and accrued income | 490/1 | - | €362 | +€362 | |
| Total equity and liabilities | 10/49 | €11,343 | €16,820 | +€5,478 | +48.3% |
| Equity | 10/15 | €5,135 | €6,032 | +€896 | +17.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,135 | €4,032 | +€896 | +28.6% |
| Amounts payable | 17/49 | €6,207 | €10,788 | +€4,581 | +73.8% |
| Amounts payable after more than one year | 17 | - | €1,624 | +€1,624 | |
| Financial debts | 170/4 | - | €1,624 | +€1,624 | |
| Amounts payable within one year | 42/48 | €6,207 | €9,164 | +€2,957 | +47.6% |
| Current portion of amounts payable after more than one year | 42 | - | €1,411 | +€1,411 | |
| Trade debts | 44 | €2,211 | €2,995 | +€785 | +35.5% |
| Suppliers | 440/4 | €2,211 | €2,995 | +€785 | +35.5% |
| Taxes, remuneration and social security | 45 | €3,997 | €4,758 | +€762 | +19.1% |
| Taxes | 450/3 | €3,997 | €4,758 | +€762 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €671 | +€671 | |
| Other operating charges | 640/8 | - | €182 | +€182 | |
| Gross operating margin | 9900 | €3,827 | €2,641 | -€1,185 | -31.0% |
| Operating profit (loss) | 9901 | €3,827 | €1,789 | -€2,037 | -53.2% |
| Financial income | 75/76B | €173 | €363 | +€189 | +109.2% |
| Recurring financial income | 75 | €173 | €363 | +€189 | +109.2% |
| Financial charges | 65/66B | - | €225 | +€225 | |
| Recurring financial charges | 65 | - | €225 | +€225 | |
| Profit (loss) for the period before taxes | 9903 | €4,000 | €1,927 | -€2,073 | -51.8% |
| Income taxes | 67/77 | €865 | €1,031 | +€166 | +19.2% |
| Profit (loss) for the period | 9904 | €3,135 | €896 | -€2,239 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,135 | €896 | -€2,239 | -71.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.