MAZZELTOFF: 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.
MAZZELTOFF
Largest movements
- Tangible fixed assets -€164,470
down €164,470 (-34.1%), from €482,058 to €317,587
of which Land and buildings: -€169,628
- Receivables within one year +€93,204
up €93,204 (+124.7%), from €74,730 to €167,934
- Debts after one year -€135,744
down €135,744 (-37.2%), from €364,588 to €228,845
- Profit (loss) carried forward +€72,010
new in 2025: €72,010
- Current portion of long-term debt -€9,430
down €9,430 (-38.0%), from €24,803 to €15,373
- Gross operating margin +€95,055
up €95,055 (+167.7%), from €56,694 to €151,749
- Taxes +€26,351
up €26,351 (+241.0%), from €10,936 to €37,287
- Other operating charges -€3,727
down €3,727 (-51.2%), from €7,282 to €3,555
- Financial charges +€2,468
up €2,468 (+11.6%), from €21,365 to €23,833
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 | €564,486 | €489,121 | -€75,365 | -13.4% |
| Fixed assets | 21/28 | €482,058 | €317,587 | -€164,470 | -34.1% |
| Tangible fixed assets | 22/27 | €482,058 | €317,587 | -€164,470 | -34.1% |
| Land and buildings | 22 | €456,984 | €287,356 | -€169,628 | -37.1% |
| Furniture and vehicles | 24 | €25,073 | €30,232 | +€5,158 | +20.6% |
| Current assets | 29/58 | €82,429 | €171,534 | +€89,105 | +108.1% |
| Amounts receivable within one year | 40/41 | €74,730 | €167,934 | +€93,204 | +124.7% |
| Other amounts receivable | 41 | €74,730 | €167,934 | +€93,204 | +124.7% |
| Cash at bank and in hand | 54/58 | €4,970 | €3,600 | -€1,370 | -27.6% |
| Deferred charges and accrued income | 490/1 | €2,729 | - | -€2,729 | |
| Total equity and liabilities | 10/49 | €564,486 | €489,121 | -€75,365 | -13.4% |
| Equity | 10/15 | €97,791 | €169,800 | +€72,010 | +73.6% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €84,791 | €84,791 | = | 0.0% |
| Distributable reserves | 133 | €84,791 | €84,791 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €72,010 | +€72,010 | |
| Amounts payable | 17/49 | €466,696 | €319,321 | -€147,375 | -31.6% |
| Amounts payable after more than one year | 17 | €364,588 | €228,845 | -€135,744 | -37.2% |
| Financial debts | 170/4 | €364,588 | €228,845 | -€135,744 | -37.2% |
| Amounts payable within one year | 42/48 | €102,108 | €90,477 | -€11,631 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €24,803 | €15,373 | -€9,430 | -38.0% |
| Financial debts | 43 | €6,739 | €7,107 | +€368 | +5.5% |
| Credit institutions | 430/8 | €6,739 | €7,107 | +€368 | +5.5% |
| Trade debts | 44 | €14,612 | €16,151 | +€1,538 | +10.5% |
| Suppliers | 440/4 | €14,612 | €16,151 | +€1,538 | +10.5% |
| Taxes, remuneration and social security | 45 | €54,376 | €50,269 | -€4,107 | -7.6% |
| Taxes | 450/3 | €54,376 | €50,269 | -€4,107 | -7.6% |
| Other amounts payable | 47/48 | €1,577 | €1,577 | = | 0.0% |
| Non-recurring operating income | 76A | €11,886 | €83,132 | +€71,246 | +599.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,633 | €15,202 | +€569 | +3.9% |
| Other operating charges | 640/8 | €7,282 | €3,555 | -€3,727 | -51.2% |
| Non-recurring operating charges | 66A | €1,372 | €125 | -€1,247 | -90.9% |
| Gross operating margin | 9900 | €56,694 | €151,749 | +€95,055 | +167.7% |
| Operating profit (loss) | 9901 | €33,407 | €132,867 | +€99,460 | +297.7% |
| Financial income | 75/76B | €805 | €262 | -€542 | -67.4% |
| Recurring financial income | 75 | €805 | €262 | -€542 | -67.4% |
| Financial charges | 65/66B | €21,365 | €23,833 | +€2,468 | +11.6% |
| Recurring financial charges | 65 | €21,365 | €23,833 | +€2,468 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €12,846 | €109,296 | +€96,450 | +750.8% |
| Income taxes | 67/77 | €10,936 | €37,287 | +€26,351 | +241.0% |
| Profit (loss) for the period | 9904 | €1,911 | €72,010 | +€70,099 | +3668.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,911 | €72,010 | +€70,099 | +3668.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.