MNZ: 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.
MNZ
Largest movements
- Receivables within one year +€14,086
up €14,086 (+31.6%), from €44,614 to €58,700
of which Other amounts receivable: +€20,413
- Intangible fixed assets -€13,000
down €13,000 (-25.7%), from €50,540 to €37,540
- Cash -€3,256
down €3,256 (-24.8%), from €13,148 to €9,892
mainly Other debts (-€20,011) and Receivables within one year (-€14,086)
- Other debts -€20,011
down €20,011 (-42.7%), from €46,859 to €26,848
- Profit (loss) carried forward +€6,477
up €6,477 (+26.8%), from €24,129 to €30,606
- Tax, wage and social debts +€5,470
up €5,470 (+132.2%), from €4,138 to €9,608
- Trade debts +€3,143
up €3,143 (+10.6%), from €29,630 to €32,773
- Accrued charges and deferred income +€1,900
new in 2024: €1,900
- Staff costs +€14,658
up €14,658 (+30.6%), from €47,900 to €62,559
- Gross operating margin +€5,324
up €5,324 (+6.4%), from €83,654 to €88,978
- Taxes -€3,142
down €3,142 (-51.5%), from €6,105 to €2,963
- Other operating charges +€1,318
up €1,318 (+165.3%), from €797 to €2,115
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,765 | €114,745 | -€3,021 | -2.6% |
| Fixed assets | 21/28 | €60,003 | €46,153 | -€13,850 | -23.1% |
| Intangible fixed assets | 21 | €50,540 | €37,540 | -€13,000 | -25.7% |
| Tangible fixed assets | 22/27 | €3,763 | €2,913 | -€850 | -22.6% |
| Plant, machinery and equipment | 23 | €2,692 | €2,122 | -€570 | -21.2% |
| Furniture and vehicles | 24 | €1,071 | €791 | -€280 | -26.2% |
| Financial fixed assets | 28 | €5,700 | €5,700 | = | 0.0% |
| Current assets | 29/58 | €57,762 | €68,592 | +€10,830 | +18.7% |
| Amounts receivable within one year | 40/41 | €44,614 | €58,700 | +€14,086 | +31.6% |
| Trade receivables | 40 | €8,286 | €1,960 | -€6,327 | -76.4% |
| Other amounts receivable | 41 | €36,328 | €56,741 | +€20,413 | +56.2% |
| Cash at bank and in hand | 54/58 | €13,148 | €9,892 | -€3,256 | -24.8% |
| Total equity and liabilities | 10/49 | €117,765 | €114,745 | -€3,021 | -2.6% |
| Equity | 10/15 | €37,139 | €43,616 | +€6,477 | +17.4% |
| Contributions | 10/11 | €13,010 | €13,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,129 | €30,606 | +€6,477 | +26.8% |
| Amounts payable | 17/49 | €80,627 | €71,128 | -€9,498 | -11.8% |
| Amounts payable within one year | 42/48 | €80,627 | €69,228 | -€11,398 | -14.1% |
| Trade debts | 44 | €29,630 | €32,773 | +€3,143 | +10.6% |
| Suppliers | 440/4 | €29,630 | €32,773 | +€3,143 | +10.6% |
| Taxes, remuneration and social security | 45 | €4,138 | €9,608 | +€5,470 | +132.2% |
| Taxes | 450/3 | €4,138 | €9,608 | +€5,470 | +132.2% |
| Other amounts payable | 47/48 | €46,859 | €26,848 | -€20,011 | -42.7% |
| Accrued charges and deferred income | 492/3 | - | €1,900 | +€1,900 | |
| Remuneration, social security and pensions | 62 | €47,900 | €62,559 | +€14,658 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,208 | €13,850 | +€642 | +4.9% |
| Other operating charges | 640/8 | €797 | €2,115 | +€1,318 | +165.3% |
| Gross operating margin | 9900 | €83,654 | €88,978 | +€5,324 | +6.4% |
| Operating profit (loss) | 9901 | €21,748 | €10,454 | -€11,295 | -51.9% |
| Financial income | 75/76B | €10 | €1 | -€9 | -88.9% |
| Recurring financial income | 75 | €10 | €1 | -€9 | -88.9% |
| Financial charges | 65/66B | €923 | €1,014 | +€91 | +9.9% |
| Recurring financial charges | 65 | €923 | €1,014 | +€91 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €20,836 | €9,441 | -€11,395 | -54.7% |
| Income taxes | 67/77 | €6,105 | €2,963 | -€3,142 | -51.5% |
| Profit (loss) for the period | 9904 | €14,730 | €6,477 | -€8,253 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,730 | €6,477 | -€8,253 | -56.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.