MZ CONSTRUCT & FINITIONS: 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 CONSTRUCT & FINITIONS
Largest movements
- Tangible fixed assets -€5,834
down €5,834 (-48.8%), from €11,956 to €6,122
of which Furniture and vehicles: -€5,032
- Cash +€4,312
up €4,312 (+565.8%), from €762 to €5,074
mainly Depreciation (+€4,348) and Receivables within one year (+€1,982)
- Receivables within one year -€1,982
down €1,982 (-15.9%), from €12,494 to €10,512
of which Trade receivables: -€1,936
- Profit (loss) carried forward -€3,161
down €3,161 (-16.0%), from €19,770 to €16,609
- Other debts +€801
new in 2025: €801
- Tax, wage and social debts -€779
down €779 (-28.7%), from €2,712 to €1,933
- Trade debts -€598
down €598 (-49.7%), from €1,202 to €604
- Gross operating margin +€15,008
up €15,008 (+1333.0%), from €1,126 to €16,134
- Taxes +€6,335
new in 2025: €6,335
- Depreciation -€1,212
down €1,212 (-21.8%), from €5,560 to €4,348
- Other operating charges +€939
up €939 (+175.2%), from €536 to €1,475
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 | €25,684 | €21,947 | -€3,737 | -14.6% |
| Fixed assets | 21/28 | €11,956 | €6,122 | -€5,834 | -48.8% |
| Tangible fixed assets | 22/27 | €11,956 | €6,122 | -€5,834 | -48.8% |
| Plant, machinery and equipment | 23 | €3,325 | €2,523 | -€802 | -24.1% |
| Furniture and vehicles | 24 | €8,631 | €3,599 | -€5,032 | -58.3% |
| Current assets | 29/58 | €13,728 | €15,825 | +€2,097 | +15.3% |
| Amounts receivable within one year | 40/41 | €12,494 | €10,512 | -€1,982 | -15.9% |
| Trade receivables | 40 | €12,448 | €10,512 | -€1,936 | -15.6% |
| Other amounts receivable | 41 | €46 | €0 | -€46 | -100.0% |
| Cash at bank and in hand | 54/58 | €762 | €5,074 | +€4,312 | +565.8% |
| Deferred charges and accrued income | 490/1 | €472 | €239 | -€233 | -49.3% |
| Total equity and liabilities | 10/49 | €25,684 | €21,947 | -€3,737 | -14.6% |
| Equity | 10/15 | €21,770 | €18,609 | -€3,161 | -14.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,770 | €16,609 | -€3,161 | -16.0% |
| Amounts payable | 17/49 | €3,914 | €3,338 | -€576 | -14.7% |
| Amounts payable within one year | 42/48 | €3,914 | €3,338 | -€576 | -14.7% |
| Trade debts | 44 | €1,202 | €604 | -€598 | -49.7% |
| Suppliers | 440/4 | €1,202 | €604 | -€598 | -49.7% |
| Taxes, remuneration and social security | 45 | €2,712 | €1,933 | -€779 | -28.7% |
| Taxes | 450/3 | €2,712 | €1,933 | -€779 | -28.7% |
| Other amounts payable | 47/48 | - | €801 | +€801 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,560 | €4,348 | -€1,212 | -21.8% |
| Other operating charges | 640/8 | €536 | €1,475 | +€939 | +175.2% |
| Non-recurring operating charges | 66A | - | €6,931 | +€6,931 | |
| Gross operating margin | 9900 | €1,126 | €16,134 | +€15,008 | +1333.0% |
| Operating profit (loss) | 9901 | -€4,970 | €3,379 | +€8,349 | |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.8% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.8% |
| Financial charges | 65/66B | €141 | €206 | +€65 | +46.1% |
| Recurring financial charges | 65 | €141 | €206 | +€65 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,101 | €3,173 | +€8,274 | |
| Income taxes | 67/77 | - | €6,335 | +€6,335 | |
| Profit (loss) for the period | 9904 | -€5,101 | -€3,161 | +€1,939 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,101 | -€3,161 | +€1,939 | +38.0% |
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.