Mazzy's: 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.
Mazzy's
Largest movements
- Receivables within one year -€54,726
down €54,726 (-85.4%), from €64,107 to €9,380
of which Trade receivables: -€53,397
- Cash +€6,509
up €6,509 (+23.5%), from €27,703 to €34,212
mainly Other debts (+€62,803) and Receivables within one year (+€54,726)
- Stocks and contracts +€4,347
up €4,347 (+11.1%), from €39,305 to €43,652
- Tangible fixed assets -€3,121
down €3,121 (-7.9%), from €39,272 to €36,151
of which Furniture and vehicles: -€7,341
- Other debts +€62,803
up €62,803 (+220%), from €28,504 to €91,307
- Trade debts -€55,032
down €55,032 (-64.5%), from €85,304 to €30,272
- Debts after one year -€33,776
down €33,776 (-37.3%), from €90,497 to €56,722
- Profit (loss) carried forward -€33,092
down €33,092 (-33.2%), from -€99,796 to -€132,888
- Tax, wage and social debts +€11,919
up €11,919 (+78.8%), from €15,130 to €27,049
of which Remuneration and social security: +€11,606
- Gross operating margin +€98,653
up €98,653 (+298%), from €33,155 to €131,808
- Staff costs +€38,651
up €38,651 (+37.8%), from €102,343 to €140,995
- Financial charges +€5,963
up €5,963 (+88.7%), from €6,726 to €12,689
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 | €172,353 | €126,366 | -€45,987 | -26.7% |
| Fixed assets | 21/28 | €40,772 | €37,651 | -€3,121 | -7.7% |
| Tangible fixed assets | 22/27 | €39,272 | €36,151 | -€3,121 | -7.9% |
| Plant, machinery and equipment | 23 | €6,212 | €5,004 | -€1,208 | -19.4% |
| Furniture and vehicles | 24 | €28,919 | €21,578 | -€7,341 | -25.4% |
| Other tangible fixed assets | 26 | €4,141 | €9,569 | +€5,428 | +131% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €131,581 | €88,715 | -€42,866 | -32.6% |
| Stocks and contracts in progress | 3 | €39,305 | €43,652 | +€4,347 | +11.1% |
| Stocks | 30/36 | €39,305 | €43,652 | +€4,347 | +11.1% |
| Amounts receivable within one year | 40/41 | €64,107 | €9,380 | -€54,726 | -85.4% |
| Trade receivables | 40 | €62,777 | €9,380 | -€53,397 | -85.1% |
| Other amounts receivable | 41 | €1,329 | €0 | -€1,329 | -100% |
| Cash at bank and in hand | 54/58 | €27,703 | €34,212 | +€6,509 | +23.5% |
| Deferred charges and accrued income | 490/1 | €466 | €1,470 | +€1,004 | +215% |
| Total equity and liabilities | 10/49 | €172,353 | €126,366 | -€45,987 | -26.7% |
| Equity | 10/15 | -€69,796 | -€102,888 | -€33,092 | -47.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,796 | -€132,888 | -€33,092 | -33.2% |
| Amounts payable | 17/49 | €242,149 | €229,254 | -€12,895 | -5.3% |
| Amounts payable after more than one year | 17 | €90,497 | €56,722 | -€33,776 | -37.3% |
| Financial debts | 170/4 | €90,497 | €56,722 | -€33,776 | -37.3% |
| Amounts payable within one year | 42/48 | €151,651 | €172,404 | +€20,753 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €22,713 | €23,776 | +€1,063 | +4.7% |
| Trade debts | 44 | €85,304 | €30,272 | -€55,032 | -64.5% |
| Suppliers | 440/4 | €85,304 | €30,272 | -€55,032 | -64.5% |
| Taxes, remuneration and social security | 45 | €15,130 | €27,049 | +€11,919 | +78.8% |
| Taxes | 450/3 | €221 | €535 | +€314 | +142% |
| Remuneration and social security | 454/9 | €14,909 | €26,515 | +€11,606 | +77.8% |
| Other amounts payable | 47/48 | €28,504 | €91,307 | +€62,803 | +220% |
| Accrued charges and deferred income | 492/3 | - | €128 | +€128 | |
| Remuneration, social security and pensions | 62 | €102,343 | €140,995 | +€38,651 | +37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,599 | €9,929 | +€330 | +3.4% |
| Other operating charges | 640/8 | €1,223 | €1,260 | +€38 | +3.1% |
| Gross operating margin | 9900 | €33,155 | €131,808 | +€98,653 | +298% |
| Operating profit (loss) | 9901 | -€80,010 | -€20,376 | +€59,634 | +74.5% |
| Financial income | 75/76B | €1,096 | €135 | -€962 | -87.7% |
| Recurring financial income | 75 | €1,096 | €135 | -€962 | -87.7% |
| Financial charges | 65/66B | €6,726 | €12,689 | +€5,963 | +88.7% |
| Recurring financial charges | 65 | €6,726 | €12,689 | +€5,963 | +88.7% |
| Profit (loss) for the period before taxes | 9903 | -€85,640 | -€32,930 | +€52,710 | +61.5% |
| Income taxes | 67/77 | €80 | €162 | +€82 | +103% |
| Profit (loss) for the period | 9904 | -€85,720 | -€33,092 | +€52,627 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,720 | -€33,092 | +€52,627 | +61.4% |
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 22 October 2026 via checked.be.