MZK CONSTRUCT: 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.
MZK CONSTRUCT
Largest movements
- Cash -€15,349
down €15,349 (-3.8%), from €406,858 to €391,509
mainly Receivables within one year (-€10,085) and Net result for the year (-€9,548)
- Receivables within one year +€10,085
up €10,085 (+32.6%), from €30,937 to €41,022
of which Other amounts receivable: +€6,199
- Tangible fixed assets -€8,733
down €8,733 (-5.2%), from €168,967 to €160,234
of which Land and buildings: -€5,054
- Tax, wage and social debts +€10,723
up €10,723 (+90.6%), from €11,833 to €22,555
of which Remuneration and social security: +€11,021
- Profit (loss) carried forward -€9,548
down €9,548 (-14.1%), from €67,912 to €58,364
- Other debts -€9,168
down €9,168 (-42.7%), from €21,470 to €12,302
- Turnover -€151,422
down €151,422 (-32.9%), from €460,839 to €309,417
- Purchases and services -€121,607
down €121,607 (-29.8%), from €408,280 to €286,673
- Gross operating margin -€29,827
down €29,827 (-54.9%), from €54,305 to €24,477
- Staff costs +€13,129
up €13,129 (+136%), from €9,688 to €22,817
- Taxes -€12,096
down €12,096 (-96.3%), from €12,557 to €460
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €610,073 | €595,804 | -€14,269 | -2.3% |
| Fixed assets | 21/28 | €172,007 | €163,274 | -€8,733 | -5.1% |
| Tangible fixed assets | 22/27 | €168,967 | €160,234 | -€8,733 | -5.2% |
| Land and buildings | 22 | €151,360 | €146,306 | -€5,054 | -3.3% |
| Plant, machinery and equipment | 23 | €801 | €90 | -€711 | -88.8% |
| Furniture and vehicles | 24 | €16,807 | €13,838 | -€2,969 | -17.7% |
| Financial fixed assets | 28 | €3,040 | €3,040 | = | 0.0% |
| Current assets | 29/58 | €438,066 | €432,530 | -€5,536 | -1.3% |
| Amounts receivable within one year | 40/41 | €30,937 | €41,022 | +€10,085 | +32.6% |
| Trade receivables | 40 | €26,538 | €30,424 | +€3,886 | +14.6% |
| Other amounts receivable | 41 | €4,399 | €10,598 | +€6,199 | +141% |
| Cash at bank and in hand | 54/58 | €406,858 | €391,509 | -€15,349 | -3.8% |
| Deferred charges and accrued income | 490/1 | €272 | - | -€272 | |
| Total equity and liabilities | 10/49 | €610,073 | €595,804 | -€14,269 | -2.3% |
| Equity | 10/15 | €567,878 | €558,330 | -€9,548 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €481,366 | €481,366 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €479,506 | €479,506 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,912 | €58,364 | -€9,548 | -14.1% |
| Amounts payable | 17/49 | €42,195 | €37,474 | -€4,721 | -11.2% |
| Amounts payable within one year | 42/48 | €42,195 | €37,474 | -€4,721 | -11.2% |
| Financial debts | 43 | €686 | - | -€686 | |
| Other loans | 439 | €686 | - | -€686 | |
| Trade debts | 44 | €8,206 | €2,617 | -€5,590 | -68.1% |
| Suppliers | 440/4 | €8,206 | €2,617 | -€5,590 | -68.1% |
| Taxes, remuneration and social security | 45 | €11,833 | €22,555 | +€10,723 | +90.6% |
| Taxes | 450/3 | €1,734 | €1,436 | -€298 | -17.2% |
| Remuneration and social security | 454/9 | €10,098 | €21,119 | +€11,021 | +109% |
| Other amounts payable | 47/48 | €21,470 | €12,302 | -€9,168 | -42.7% |
| Turnover | 70 | €460,839 | €309,417 | -€151,422 | -32.9% |
| Non-recurring operating income | 76A | - | €53 | +€53 | |
| Goods, raw materials, services and sundry goods | 60/61 | €408,280 | €286,673 | -€121,607 | -29.8% |
| Remuneration, social security and pensions | 62 | €9,688 | €22,817 | +€13,129 | +136% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,166 | €8,786 | -€9,379 | -51.6% |
| Other operating charges | 640/8 | €881 | €1,275 | +€393 | +44.6% |
| Gross operating margin | 9900 | €54,305 | €24,477 | -€29,827 | -54.9% |
| Operating profit (loss) | 9901 | €25,569 | -€8,401 | -€33,970 | |
| Financial income | 75/76B | €1,521 | - | -€1,521 | |
| Recurring financial income | 75 | €1,521 | - | -€1,521 | |
| Financial charges | 65/66B | €578 | €686 | +€109 | +18.8% |
| Recurring financial charges | 65 | €578 | €686 | +€109 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €26,512 | -€9,088 | -€35,600 | |
| Income taxes | 67/77 | €12,557 | €460 | -€12,096 | -96.3% |
| Profit (loss) for the period | 9904 | €13,956 | -€9,548 | -€23,504 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,956 | -€9,548 | -€23,504 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.