MICHAEL MAZUIN CHARLEROI EST: 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.
What changed
MICHAEL MAZUIN CHARLEROI EST
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€924,918
2024 · €878,716+€46,202
Equity
€540,033
2024 · €515,115+€24,918
Cash
€509,429
2024 · €420,279+€89,150
Balance sheet total
€6.6m
2024 · €8.7m-€2.1m
Largest movements
Assets
- Receivables within one year -€1.2m
down €1.2m (-46.2%), from €2.6m to €1.4m
of which Other amounts receivable: -€841,323
- Stocks and contracts -€965,952
down €965,952 (-18.4%), from €5.2m to €4.3m
- Cash +€89,150
up €89,150 (+21.2%), from €420,279 to €509,429
mainly Receivables within one year (+€1.2m) and Stocks and contracts (+€965,952)
Equity and liabilities
- Trade debts -€896,885
down €896,885 (-54.0%), from €1.7m to €764,781
- Other debts -€578,536
down €578,536 (-34.7%), from €1.7m to €1.1m
- Short-term financial debts -€394,156
down €394,156 (-9.4%), from €4.2m to €3.8m
- Tax, wage and social debts -€209,064
down €209,064 (-34.4%), from €607,771 to €398,707
of which Taxes: -€273,220
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€878,716
Turnover
-€126,294
Other operating income
+€26,785
Goods and materials
-€43,787
Services and other goods
+€24,333
Staff costs
-€210,121
Depreciation
-€19,252
Write-downs
+€5,731
Other operating charges
+€39,693
Other operating items
+€120
Financial income
+€5,906
Financial charges
+€296,990
Taxes
+€46,099
Result 2025
€924,918
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.4m
Investment
-€57,040
Financing
-€1.3m
Cash 2024
€420,279
From operations (derived)
+€1.4m
Net result for the year
+€924,918
Depreciation
+€124,387
Stocks and contracts
+€965,952
Receivables within one year
+€1.2m
Deferred charges and accrued income
-€51,496
Trade debts
-€896,885
Tax, wage and social debts
-€209,064
Advances received
-€67,020
Other debts
-€578,536
Accrued charges and deferred income
+€23,301
Investment (derived)
-€57,040
Investment in fixed assets (net)
-€57,040
Financing
-€1.3m
Short-term financial debts
-€394,156
Contributions, distributions and other
-€900,000
Cash 2025
€509,429
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,699,323 | €6,601,881 | -€2.1m | -24.1% |
| Fixed assets | 21/28 | €416,002 | €348,655 | -€67,347 | -16.2% |
| Intangible fixed assets | 21 | €214,755 | €171,898 | -€42,857 | -20.0% |
| Tangible fixed assets | 22/27 | €196,247 | €171,756 | -€24,490 | -12.5% |
| Land and buildings | 22 | €37,030 | €34,396 | -€2,635 | -7.1% |
| Plant, machinery and equipment | 23 | €63,098 | €72,756 | +€9,658 | +15.3% |
| Furniture and vehicles | 24 | €96,118 | €64,604 | -€31,514 | -32.8% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €8,283,321 | €6,253,227 | -€2.0m | -24.5% |
| Stocks and contracts in progress | 3 | €5,249,320 | €4,283,369 | -€965,952 | -18.4% |
| Stocks | 30/36 | €5,249,320 | €4,283,369 | -€965,952 | -18.4% |
| Goods purchased for resale | 34 | €5,249,320 | €4,283,369 | -€965,952 | -18.4% |
| Amounts receivable within one year | 40/41 | €2,605,695 | €1,400,907 | -€1.2m | -46.2% |
| Trade receivables | 40 | €1,429,671 | €1,066,205 | -€363,465 | -25.4% |
| Other amounts receivable | 41 | €1,176,025 | €334,702 | -€841,323 | -71.5% |
| Cash at bank and in hand | 54/58 | €420,279 | €509,429 | +€89,150 | +21.2% |
| Deferred charges and accrued income | 490/1 | €8,026 | €59,522 | +€51,496 | +642% |
| Total equity and liabilities | 10/49 | €8,699,323 | €6,601,881 | -€2.1m | -24.1% |
| Equity | 10/15 | €515,115 | €540,033 | +€24,918 | +4.8% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €377,615 | €402,533 | +€24,918 | +6.6% |
| Amounts payable | 17/49 | €8,184,208 | €6,061,848 | -€2.1m | -25.9% |
| Amounts payable within one year | 42/48 | €8,184,208 | €6,038,547 | -€2.1m | -26.2% |
| Financial debts | 43 | €4,178,898 | €3,784,742 | -€394,156 | -9.4% |
| Credit institutions | 430/8 | €4,178,898 | €3,784,742 | -€394,156 | -9.4% |
| Trade debts | 44 | €1,661,665 | €764,781 | -€896,885 | -54.0% |
| Suppliers | 440/4 | €1,661,665 | €764,781 | -€896,885 | -54.0% |
| Advances received on contracts in progress | 46 | €68,949 | €1,929 | -€67,020 | -97.2% |
| Taxes, remuneration and social security | 45 | €607,771 | €398,707 | -€209,064 | -34.4% |
| Taxes | 450/3 | €407,423 | €134,203 | -€273,220 | -67.1% |
| Remuneration and social security | 454/9 | €200,348 | €264,504 | +€64,156 | +32.0% |
| Other amounts payable | 47/48 | €1,666,924 | €1,088,388 | -€578,536 | -34.7% |
| Accrued charges and deferred income | 492/3 | €0 | €23,301 | +€23,301 | |
| Operating income | 70/76A | €34,932,836 | €34,802,067 | -€130,769 | -0.4% |
| Turnover | 70 | €34,621,088 | €34,494,793 | -€126,294 | -0.4% |
| Other operating income | 74 | €280,488 | €307,274 | +€26,785 | +9.5% |
| Non-recurring operating income | 76A | €31,260 | €0 | -€31,260 | -100% |
| Operating charges | 60/66A | €33,501,724 | €33,673,748 | +€172,024 | +0.5% |
| Goods for resale, raw materials and consumables | 60 | €29,740,541 | €29,784,328 | +€43,787 | +0.1% |
| Purchases | 600/8 | €30,186,514 | €28,782,742 | -€1.4m | -4.7% |
| Change in stocks: decrease (increase) | 609 | -€445,973 | €1,001,586 | +€1.4m | |
| Services and other goods | 61 | €2,050,572 | €2,026,238 | -€24,333 | -1.2% |
| Remuneration, social security and pensions | 62 | €1,547,571 | €1,757,692 | +€210,121 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,135 | €124,387 | +€19,252 | +18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€29,525 | -€35,256 | -€5,731 | -19.4% |
| Other operating charges | 640/8 | €56,021 | €16,329 | -€39,693 | -70.9% |
| Non-recurring operating charges | 66A | €31,410 | €30 | -€31,380 | -99.9% |
| Operating profit (loss) | 9901 | €1,431,112 | €1,128,319 | -€302,793 | -21.2% |
| Financial income | 75/76B | €661 | €6,567 | +€5,906 | +893% |
| Recurring financial income | 75 | €661 | €6,567 | +€5,906 | +893% |
| Income from current assets | 751 | - | €6,071 | +€6,071 | |
| Other financial income | 752/9 | €661 | €496 | -€166 | -25.0% |
| Financial charges | 65/66B | €484,303 | €187,313 | -€296,990 | -61.3% |
| Recurring financial charges | 65 | €484,303 | €187,313 | -€296,990 | -61.3% |
| Debt charges | 650 | €477,510 | €181,097 | -€296,414 | -62.1% |
| Other financial charges | 652/9 | €6,792 | €6,216 | -€576 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €947,470 | €947,574 | +€103 | 0.0% |
| Income taxes | 67/77 | €68,754 | €22,655 | -€46,099 | -67.0% |
| Taxes | 670/3 | €68,754 | €22,655 | -€46,099 | -67.0% |
| Profit (loss) for the period | 9904 | €878,716 | €924,918 | +€46,202 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €878,716 | €924,918 | +€46,202 | +5.3% |
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 31 October 2026 via checked.be.