MAZZELTOV: 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.
MAZZELTOV
Largest movements
- Deferred charges and accrued income -€2,518
down €2,518 (-56.9%), from €4,428 to €1,910
- Cash +€2,253
up €2,253 (+249%), from €906 to €3,159
mainly Other debts (+€6,951) and Depreciation (+€3,187)
- Tangible fixed assets +€1,968
up €1,968 (+11.9%), from €16,604 to €18,572
of which Plant, machinery and equipment: +€4,725
- Other debts +€6,951
up €6,951 (+16.5%), from €42,100 to €49,051
- Profit (loss) carried forward -€5,194
down €5,194 (-12.3%), from -€42,158 to -€47,352
- Purchases and services -€8,113
down €8,113 (-20.1%), from €40,370 to €32,257
- Gross operating margin +€6,114
up €6,114 (+80.3%), from -€7,610 to -€1,496
- Turnover -€2,097
down €2,097 (-6.4%), from €32,544 to €30,447
- Depreciation +€429
up €429 (+15.6%), from €2,758 to €3,187
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 | €22,884 | €24,499 | +€1,615 | +7.1% |
| Fixed assets | 21/28 | €16,604 | €18,572 | +€1,968 | +11.9% |
| Tangible fixed assets | 22/27 | €16,604 | €18,572 | +€1,968 | +11.9% |
| Land and buildings | 22 | €16,604 | €13,847 | -€2,757 | -16.6% |
| Plant, machinery and equipment | 23 | - | €4,725 | +€4,725 | |
| Current assets | 29/58 | €6,280 | €5,927 | -€353 | -5.6% |
| Amounts receivable within one year | 40/41 | €946 | €858 | -€88 | -9.3% |
| Trade receivables | 40 | €441 | €300 | -€141 | -32.0% |
| Other amounts receivable | 41 | €505 | €558 | +€53 | +10.5% |
| Cash at bank and in hand | 54/58 | €906 | €3,159 | +€2,253 | +249% |
| Deferred charges and accrued income | 490/1 | €4,428 | €1,910 | -€2,518 | -56.9% |
| Total equity and liabilities | 10/49 | €22,884 | €24,499 | +€1,615 | +7.1% |
| Equity | 10/15 | -€19,389 | -€24,583 | -€5,194 | -26.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,569 | €16,569 | = | 0.0% |
| Distributable reserves | 133 | €16,569 | €16,569 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,158 | -€47,352 | -€5,194 | -12.3% |
| Amounts payable | 17/49 | €42,273 | €49,082 | +€6,809 | +16.1% |
| Amounts payable within one year | 42/48 | €42,273 | €49,082 | +€6,809 | +16.1% |
| Trade debts | 44 | - | €31 | +€31 | |
| Suppliers | 440/4 | - | €31 | +€31 | |
| Taxes, remuneration and social security | 45 | €173 | - | -€173 | |
| Taxes | 450/3 | €173 | - | -€173 | |
| Other amounts payable | 47/48 | €42,100 | €49,051 | +€6,951 | +16.5% |
| Turnover | 70 | €32,544 | €30,447 | -€2,097 | -6.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €40,370 | €32,257 | -€8,113 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,758 | €3,187 | +€429 | +15.6% |
| Other operating charges | 640/8 | €595 | €520 | -€75 | -12.6% |
| Gross operating margin | 9900 | -€7,610 | -€1,496 | +€6,114 | +80.3% |
| Operating profit (loss) | 9901 | -€10,963 | -€5,203 | +€5,760 | +52.5% |
| Financial income | 75/76B | - | €60 | +€60 | |
| Recurring financial income | 75 | - | €60 | +€60 | |
| Financial charges | 65/66B | €47 | €51 | +€4 | +8.5% |
| Recurring financial charges | 65 | €47 | €51 | +€4 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,010 | -€5,194 | +€5,816 | +52.8% |
| Profit (loss) for the period | 9904 | -€11,010 | -€5,194 | +€5,816 | +52.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,010 | -€5,194 | +€5,816 | +52.8% |
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 25 October 2026 via checked.be.