MZKR: 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.
MZKR
Largest movements
- Cash +€30,075
up €30,075 (+45.4%), from €66,267 to €96,342
mainly Net result for the year (+€29,305) and Other debts (+€24,221)
- Receivables within one year +€1,925
up €1,925 (+21.0%), from €9,164 to €11,089
- Deferred charges and accrued income -€1,280
down €1,280 (-66.3%), from €1,931 to €651
- Other debts +€24,221
up €24,221 (+572.7%), from €4,229 to €28,450
- Tax, wage and social debts +€7,938
up €7,938 (+544.1%), from €1,459 to €9,397
- Gross operating margin +€10,365
up €10,365 (+32.0%), from €32,343 to €42,708
- Taxes +€4,888
up €4,888 (+67.8%), from €7,209 to €12,097
- Depreciation +€515
up €515 (+92.8%), from €556 to €1,071
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 | €78,044 | €109,593 | +€31,549 | +40.4% |
| Fixed assets | 21/28 | €682 | €1,511 | +€829 | +121.6% |
| Tangible fixed assets | 22/27 | €682 | €1,511 | +€829 | +121.6% |
| Furniture and vehicles | 24 | €682 | €1,511 | +€829 | +121.6% |
| Current assets | 29/58 | €77,362 | €108,082 | +€30,719 | +39.7% |
| Amounts receivable within one year | 40/41 | €9,164 | €11,089 | +€1,925 | +21.0% |
| Trade receivables | 40 | €9,164 | €11,089 | +€1,925 | +21.0% |
| Cash at bank and in hand | 54/58 | €66,267 | €96,342 | +€30,075 | +45.4% |
| Deferred charges and accrued income | 490/1 | €1,931 | €651 | -€1,280 | -66.3% |
| Total equity and liabilities | 10/49 | €78,044 | €109,593 | +€31,549 | +40.4% |
| Equity | 10/15 | €72,091 | €71,396 | -€695 | -1.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,091 | €70,396 | -€695 | -1.0% |
| Amounts payable | 17/49 | €5,953 | €38,197 | +€32,244 | +541.6% |
| Amounts payable within one year | 42/48 | €5,953 | €38,197 | +€32,244 | +541.6% |
| Trade debts | 44 | €264 | €349 | +€85 | +32.0% |
| Suppliers | 440/4 | €264 | €349 | +€85 | +32.0% |
| Taxes, remuneration and social security | 45 | €1,459 | €9,397 | +€7,938 | +544.1% |
| Taxes | 450/3 | €1,459 | €9,397 | +€7,938 | +544.1% |
| Other amounts payable | 47/48 | €4,229 | €28,450 | +€24,221 | +572.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €556 | €1,071 | +€515 | +92.8% |
| Other operating charges | 640/8 | €387 | €45 | -€342 | -88.4% |
| Gross operating margin | 9900 | €32,343 | €42,708 | +€10,365 | +32.0% |
| Operating profit (loss) | 9901 | €31,400 | €41,592 | +€10,192 | +32.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €182 | €190 | +€8 | +4.6% |
| Recurring financial charges | 65 | €182 | €190 | +€8 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €31,218 | €41,402 | +€10,184 | +32.6% |
| Income taxes | 67/77 | €7,209 | €12,097 | +€4,888 | +67.8% |
| Profit (loss) for the period | 9904 | €24,009 | €29,305 | +€5,296 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,009 | €29,305 | +€5,296 | +22.1% |
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 6 October 2026 via checked.be.