MOZZENO: 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.
MOZZENO
Largest movements
- Receivables after one year +€7.3m
up €7.3m (+14.0%), from €52.3m to €59.6m
- Receivables within one year +€3.3m
up €3.3m (+15.3%), from €21.5m to €24.8m
of which Trade receivables: +€3.3m
- Cash +€1.2m
up €1.2m (+9.6%), from €12.2m to €13.3m
mainly Debts after one year (+€8.2m) and Current portion of long-term debt (+€3.2m)
- Debts after one year +€8.2m
up €8.2m (+11.9%), from €68.5m to €76.7m
- Current portion of long-term debt +€3.2m
up €3.2m (+18.5%), from €17.2m to €20.4m
- Financial charges +€652,301
up €652,301 (+49.7%), from €1.3m to €2.0m
- Gross operating margin +€202,050
up €202,050 (+5.8%), from €3.5m to €3.7m
- Taxes -€179,385
down €179,385 (-79.5%), from €225,594 to €46,209
- Staff costs +€160,066
up €160,066 (+11.1%), from €1.4m to €1.6m
- Financial income -€37,716
down €37,716 (-45.0%), from €83,870 to €46,154
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 | €89,017,323 | €101,026,658 | +€12.0m | +13.5% |
| Fixed assets | 21/28 | €755 | €755 | = | 0.0% |
| Financial fixed assets | 28 | €755 | €755 | = | 0.0% |
| Current assets | 29/58 | €89,016,568 | €101,025,903 | +€12.0m | +13.5% |
| Amounts receivable after more than one year | 29 | €52,326,434 | €59,635,516 | +€7.3m | +14.0% |
| Trade receivables | 290 | €52,326,434 | €59,635,516 | +€7.3m | +14.0% |
| Amounts receivable within one year | 40/41 | €21,526,223 | €24,827,881 | +€3.3m | +15.3% |
| Trade receivables | 40 | €21,526,223 | €24,784,502 | +€3.3m | +15.1% |
| Other amounts receivable | 41 | - | €43,379 | +€43,379 | |
| Cash at bank and in hand | 54/58 | €12,170,422 | €13,338,209 | +€1.2m | +9.6% |
| Deferred charges and accrued income | 490/1 | €2,993,489 | €3,224,297 | +€230,808 | +7.7% |
| Total equity and liabilities | 10/49 | €89,017,323 | €101,026,658 | +€12.0m | +13.5% |
| Equity | 10/15 | €877,177 | €917,898 | +€40,721 | +4.6% |
| Contributions | 10/11 | €338,250 | €338,250 | = | 0.0% |
| Capital | 10 | €338,250 | €338,250 | = | 0.0% |
| Issued capital | 100 | €338,250 | €338,250 | = | 0.0% |
| Reserves | 13 | €27,499 | €29,535 | +€2,036 | +7.4% |
| Non-distributable reserves | 130/1 | €27,499 | €29,535 | +€2,036 | +7.4% |
| Legal reserve | 130 | €27,499 | €29,535 | +€2,036 | +7.4% |
| Profit (loss) carried forward | 14 | €511,428 | €550,113 | +€38,685 | +7.6% |
| Amounts payable | 17/49 | €88,140,146 | €100,108,760 | +€12.0m | +13.6% |
| Amounts payable after more than one year | 17 | €68,506,989 | €76,686,044 | +€8.2m | +11.9% |
| Financial debts | 170/4 | €68,506,989 | €76,686,044 | +€8.2m | +11.9% |
| Amounts payable within one year | 42/48 | €19,319,392 | €23,138,790 | +€3.8m | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €17,206,980 | €20,398,587 | +€3.2m | +18.5% |
| Trade debts | 44 | €1,537,155 | €2,278,525 | +€741,370 | +48.2% |
| Suppliers | 440/4 | €1,537,155 | €2,278,525 | +€741,370 | +48.2% |
| Taxes, remuneration and social security | 45 | €575,257 | €461,678 | -€113,579 | -19.7% |
| Taxes | 450/3 | €318,390 | €270,641 | -€47,749 | -15.0% |
| Remuneration and social security | 454/9 | €256,867 | €191,037 | -€65,830 | -25.6% |
| Accrued charges and deferred income | 492/3 | €313,765 | €283,927 | -€29,838 | -9.5% |
| Non-recurring operating income | 76A | €3,138 | €22,914 | +€19,777 | +630.3% |
| Remuneration, social security and pensions | 62 | €1,443,256 | €1,603,322 | +€160,066 | +11.1% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating charges | 66A | €53,886 | €69,671 | +€15,785 | +29.3% |
| Gross operating margin | 9900 | €3,478,374 | €3,680,423 | +€202,050 | +5.8% |
| Operating profit (loss) | 9901 | €1,980,265 | €2,006,433 | +€26,168 | +1.3% |
| Financial income | 75/76B | €83,870 | €46,154 | -€37,716 | -45.0% |
| Recurring financial income | 75 | €83,870 | €46,154 | -€37,716 | -45.0% |
| Financial charges | 65/66B | €1,313,356 | €1,965,657 | +€652,301 | +49.7% |
| Recurring financial charges | 65 | €1,313,356 | €1,965,657 | +€652,301 | +49.7% |
| Profit (loss) for the period before taxes | 9903 | €750,779 | €86,930 | -€663,848 | -88.4% |
| Income taxes | 67/77 | €225,594 | €46,209 | -€179,385 | -79.5% |
| Profit (loss) for the period | 9904 | €525,185 | €40,721 | -€484,464 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €525,185 | €40,721 | -€484,464 | -92.2% |
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 12 October 2026 via checked.be.