MZ TRADING: 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 TRADING
Largest movements
- Cash +€9,884
up €9,884 (+156%), from €6,336 to €16,220
mainly Net result for the year (+€6,098) and Trade debts (+€2,053)
- Stocks and contracts -€1,150
down €1,150 (-21.6%), from €5,330 to €4,180
- Intangible fixed assets -€625
down €625 (-21.1%), from €2,967 to €2,342
- Profit (loss) carried forward +€6,098
up €6,098, from -€941 to €5,157
- Trade debts +€2,053
up €2,053 (+790%), from €260 to €2,313
- Gross operating margin -€6,791
down €6,791 (-16.0%), from €42,502 to €35,711
- Staff costs -€5,046
down €5,046 (-15.4%), from €32,780 to €27,734
- Turnover -€3,898
down €3,898 (-5.9%), from €66,454 to €62,556
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 | €23,127 | €31,386 | +€8,259 | +35.7% |
| Fixed assets | 21/28 | €2,967 | €2,342 | -€625 | -21.1% |
| Intangible fixed assets | 21 | €2,967 | €2,342 | -€625 | -21.1% |
| Current assets | 29/58 | €20,160 | €29,044 | +€8,884 | +44.1% |
| Stocks and contracts in progress | 3 | €5,330 | €4,180 | -€1,150 | -21.6% |
| Stocks | 30/36 | €5,330 | €4,180 | -€1,150 | -21.6% |
| Amounts receivable within one year | 40/41 | €8,494 | €8,383 | -€111 | -1.3% |
| Trade receivables | 40 | €7,107 | €6,008 | -€1,099 | -15.5% |
| Other amounts receivable | 41 | €1,387 | €2,375 | +€988 | +71.2% |
| Cash at bank and in hand | 54/58 | €6,336 | €16,220 | +€9,884 | +156% |
| Deferred charges and accrued income | 490/1 | - | €261 | +€261 | |
| Total equity and liabilities | 10/49 | €23,127 | €31,386 | +€8,259 | +35.7% |
| Equity | 10/15 | €17,945 | €24,043 | +€6,098 | +34.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €286 | €286 | = | 0.0% |
| Non-distributable reserves | 130/1 | €286 | €286 | = | 0.0% |
| Reserves not available under the articles | 1311 | €286 | €286 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€941 | €5,157 | +€6,098 | |
| Amounts payable | 17/49 | €5,182 | €7,343 | +€2,161 | +41.7% |
| Amounts payable within one year | 42/48 | €5,182 | €7,343 | +€2,161 | +41.7% |
| Trade debts | 44 | €260 | €2,313 | +€2,053 | +790% |
| Suppliers | 440/4 | €260 | €2,313 | +€2,053 | +790% |
| Taxes, remuneration and social security | 45 | €4,922 | €5,030 | +€108 | +2.2% |
| Taxes | 450/3 | €2,773 | €2,891 | +€118 | +4.3% |
| Remuneration and social security | 454/9 | €2,149 | €2,139 | -€10 | -0.5% |
| Turnover | 70 | €66,454 | €62,556 | -€3,898 | -5.9% |
| Non-recurring operating income | 76A | €1,400 | €13 | -€1,387 | -99.1% |
| Remuneration, social security and pensions | 62 | €32,780 | €27,734 | -€5,046 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €625 | €625 | = | 0.0% |
| Other operating charges | 640/8 | €562 | €1,224 | +€662 | +118% |
| Gross operating margin | 9900 | €42,502 | €35,711 | -€6,791 | -16.0% |
| Operating profit (loss) | 9901 | €8,535 | €6,128 | -€2,407 | -28.2% |
| Financial charges | 65/66B | €74 | €30 | -€44 | -59.5% |
| Recurring financial charges | 65 | €74 | €30 | -€44 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €8,461 | €6,098 | -€2,363 | -27.9% |
| Profit (loss) for the period | 9904 | €8,461 | €6,098 | -€2,363 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,461 | €6,098 | -€2,363 | -27.9% |
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 31 October 2026 via checked.be.