MZ CHEVALIER: 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.
MZ CHEVALIER
Largest movements
- Cash -€5,796
down €5,796 (-98.9%), from €5,859 to €63
mainly Other debts (-€7,600) and Tax, wage and social debts (-€992)
- Tangible fixed assets -€1,317
down €1,317 (-100%), from €1,317 to €0
- Other debts -€7,600
down €7,600 (-82.7%), from €9,187 to €1,587
- Profit (loss) carried forward +€1,060
up €1,060 (+22.2%), from €4,780 to €5,840
- Tax, wage and social debts -€992
down €992 (-56.0%), from €1,772 to €779
- Gross operating margin -€9,684
down €9,684 (-77.2%), from €12,547 to €2,864
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 | €44,276 | €37,163 | -€7,113 | -16.1% |
| Fixed assets | 21/28 | €1,317 | €0 | -€1,317 | -100% |
| Tangible fixed assets | 22/27 | €1,317 | €0 | -€1,317 | -100% |
| Furniture and vehicles | 24 | €1,317 | €0 | -€1,317 | -100% |
| Current assets | 29/58 | €42,959 | €37,163 | -€5,796 | -13.5% |
| Stocks and contracts in progress | 3 | €37,100 | €37,100 | = | 0.0% |
| Stocks | 30/36 | €37,100 | €37,100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,859 | €63 | -€5,796 | -98.9% |
| Total equity and liabilities | 10/49 | €44,276 | €37,163 | -€7,113 | -16.1% |
| Equity | 10/15 | €14,780 | €15,840 | +€1,060 | +7.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,780 | €5,840 | +€1,060 | +22.2% |
| Amounts payable | 17/49 | €29,496 | €21,323 | -€8,173 | -27.7% |
| Amounts payable within one year | 42/48 | €29,496 | €21,323 | -€8,173 | -27.7% |
| Trade debts | 44 | €18,537 | €18,956 | +€419 | +2.3% |
| Suppliers | 440/4 | €18,537 | €18,956 | +€419 | +2.3% |
| Taxes, remuneration and social security | 45 | €1,772 | €779 | -€992 | -56.0% |
| Taxes | 450/3 | €1,772 | €779 | -€992 | -56.0% |
| Other amounts payable | 47/48 | €9,187 | €1,587 | -€7,600 | -82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,317 | €1,317 | -€0 | 0.0% |
| Other operating charges | 640/8 | €307 | €241 | -€66 | -21.4% |
| Gross operating margin | 9900 | €12,547 | €2,864 | -€9,684 | -77.2% |
| Operating profit (loss) | 9901 | €10,923 | €1,306 | -€9,618 | -88.0% |
| Financial charges | 65/66B | €220 | €246 | +€25 | +11.5% |
| Recurring financial charges | 65 | €220 | €246 | +€25 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €10,703 | €1,060 | -€9,643 | -90.1% |
| Profit (loss) for the period | 9904 | €10,703 | €1,060 | -€9,643 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,703 | €1,060 | -€9,643 | -90.1% |
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 20 October 2026 via checked.be.