MZ DERM: 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.
MZ DERM
Largest movements
- Cash +€152,520
up €152,520 (+1752.1%), from €8,705 to €161,225
mainly Net result for the year (+€144,724) and Tax, wage and social debts (+€33,510)
- Receivables within one year +€10,783
up €10,783 (+19.8%), from €54,339 to €65,123
- Reserves +€144,724
up €144,724 (+394.7%), from €36,668 to €181,393
- Tax, wage and social debts +€33,510
up €33,510 (+361.1%), from €9,280 to €42,790
of which Taxes: +€33,350
- Other debts -€11,649
no longer reported in 2025 (was €11,649)
- Gross operating margin +€141,752
up €141,752 (+304.2%), from €46,598 to €188,350
- Taxes +€33,431
up €33,431 (+363.6%), from €9,195 to €42,626
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 | €63,160 | €226,977 | +€163,817 | +259.4% |
| Current assets | 29/58 | €63,160 | €226,977 | +€163,817 | +259.4% |
| Amounts receivable within one year | 40/41 | €54,339 | €65,123 | +€10,783 | +19.8% |
| Trade receivables | 40 | €54,339 | €65,123 | +€10,783 | +19.8% |
| Cash at bank and in hand | 54/58 | €8,705 | €161,225 | +€152,520 | +1752.1% |
| Deferred charges and accrued income | 490/1 | €116 | €630 | +€513 | +441.7% |
| Total equity and liabilities | 10/49 | €63,160 | €226,977 | +€163,817 | +259.4% |
| Equity | 10/15 | €38,668 | €183,393 | +€144,724 | +374.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €36,668 | €181,393 | +€144,724 | +394.7% |
| Distributable reserves | 133 | €36,668 | €181,393 | +€144,724 | +394.7% |
| Amounts payable | 17/49 | €24,492 | €43,584 | +€19,092 | +78.0% |
| Amounts payable after more than one year | 17 | €1,105 | - | -€1,105 | |
| Financial debts | 170/4 | €1,105 | - | -€1,105 | |
| Amounts payable within one year | 42/48 | €23,387 | €43,584 | +€20,197 | +86.4% |
| Current portion of amounts payable after more than one year | 42 | €1,071 | - | -€1,071 | |
| Trade debts | 44 | €1,387 | €794 | -€592 | -42.7% |
| Suppliers | 440/4 | €1,387 | €794 | -€592 | -42.7% |
| Taxes, remuneration and social security | 45 | €9,280 | €42,790 | +€33,510 | +361.1% |
| Taxes | 450/3 | €9,280 | €42,630 | +€33,350 | +359.4% |
| Remuneration and social security | 454/9 | - | €160 | +€160 | |
| Other amounts payable | 47/48 | €11,649 | - | -€11,649 | |
| Other operating charges | 640/8 | €268 | €169 | -€99 | -37.1% |
| Gross operating margin | 9900 | €46,598 | €188,350 | +€141,752 | +304.2% |
| Operating profit (loss) | 9901 | €46,330 | €188,181 | +€141,852 | +306.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €468 | €831 | +€364 | +77.8% |
| Recurring financial charges | 65 | €468 | €831 | +€364 | +77.8% |
| Profit (loss) for the period before taxes | 9903 | €45,863 | €187,350 | +€141,487 | +308.5% |
| Income taxes | 67/77 | €9,195 | €42,626 | +€33,431 | +363.6% |
| Profit (loss) for the period | 9904 | €36,668 | €144,724 | +€108,056 | +294.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,668 | €144,724 | +€108,056 | +294.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.