MZA: 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.
MZA
Largest movements
- Cash +€28,219
up €28,219 (+3498.1%), from €807 to €29,026
- Receivables within one year -€25,489
down €25,489 (-56.1%), from €45,401 to €19,912
of which Trade receivables: -€25,968
- Tangible fixed assets +€9,806
up €9,806 (+292.9%), from €3,348 to €13,155
of which Other tangible fixed assets: +€12,000
- Profit (loss) carried forward +€7,643
up €7,643 (+45.1%), from €16,945 to €24,588
- Trade debts +€6,252
up €6,252 (+335.7%), from €1,862 to €8,114
- Tax, wage and social debts -€1,359
down €1,359 (-13.2%), from €10,290 to €8,931
of which Taxes: -€748
- Turnover +€15,580
up €15,580 (+14.0%), from €111,076 to €126,655
- Purchases and services +€8,064
up €8,064 (+16.6%), from €48,686 to €56,750
- Gross operating margin +€7,515
up €7,515 (+12.0%), from €62,390 to €69,905
- Staff costs +€6,830
up €6,830 (+12.5%), from €54,787 to €61,617
- Depreciation -€4,364
down €4,364 (-82.7%), from €5,280 to €915
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,557 | €62,093 | +€12,536 | +25.3% |
| Fixed assets | 21/28 | €3,348 | €13,155 | +€9,806 | +292.9% |
| Tangible fixed assets | 22/27 | €3,348 | €13,155 | +€9,806 | +292.9% |
| Plant, machinery and equipment | 23 | €484 | - | -€484 | |
| Furniture and vehicles | 24 | €2,864 | €1,155 | -€1,709 | -59.7% |
| Other tangible fixed assets | 26 | - | €12,000 | +€12,000 | |
| Current assets | 29/58 | €46,208 | €48,938 | +€2,730 | +5.9% |
| Amounts receivable within one year | 40/41 | €45,401 | €19,912 | -€25,489 | -56.1% |
| Trade receivables | 40 | €42,450 | €16,482 | -€25,968 | -61.2% |
| Other amounts receivable | 41 | €2,951 | €3,430 | +€479 | +16.2% |
| Cash at bank and in hand | 54/58 | €807 | €29,026 | +€28,219 | +3498.1% |
| Total equity and liabilities | 10/49 | €49,557 | €62,093 | +€12,536 | +25.3% |
| Equity | 10/15 | €37,405 | €45,048 | +€7,643 | +20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,945 | €24,588 | +€7,643 | +45.1% |
| Amounts payable | 17/49 | €12,152 | €17,044 | +€4,893 | +40.3% |
| Amounts payable within one year | 42/48 | €12,152 | €17,044 | +€4,893 | +40.3% |
| Trade debts | 44 | €1,862 | €8,114 | +€6,252 | +335.7% |
| Suppliers | 440/4 | €1,862 | €8,114 | +€6,252 | +335.7% |
| Taxes, remuneration and social security | 45 | €10,290 | €8,931 | -€1,359 | -13.2% |
| Taxes | 450/3 | €7,654 | €6,906 | -€748 | -9.8% |
| Remuneration and social security | 454/9 | €2,635 | €2,025 | -€611 | -23.2% |
| Turnover | 70 | €111,076 | €126,655 | +€15,580 | +14.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €48,686 | €56,750 | +€8,064 | +16.6% |
| Remuneration, social security and pensions | 62 | €54,787 | €61,617 | +€6,830 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,280 | €915 | -€4,364 | -82.7% |
| Other operating charges | 640/8 | €750 | €558 | -€192 | -25.6% |
| Gross operating margin | 9900 | €62,390 | €69,905 | +€7,515 | +12.0% |
| Operating profit (loss) | 9901 | €1,573 | €6,815 | +€5,242 | +333.3% |
| Financial income | 75/76B | €54 | - | -€54 | |
| Recurring financial income | 75 | €54 | - | -€54 | |
| Financial charges | 65/66B | €672 | €75 | -€597 | -88.8% |
| Recurring financial charges | 65 | €672 | €75 | -€597 | -88.8% |
| Profit (loss) for the period before taxes | 9903 | €955 | €6,740 | +€5,784 | +605.6% |
| Income taxes | 67/77 | - | €1,030 | +€1,030 | |
| Profit (loss) for the period | 9904 | €955 | €5,709 | +€4,754 | +497.7% |
| Profit (loss) for the period to be appropriated | 9905 | €955 | €5,709 | +€4,754 | +497.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.