MZL: 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.
MZL
Largest movements
- Receivables within one year +€61,345
up €61,345 (+288.6%), from €21,254 to €82,600
of which Other amounts receivable: +€38,302
- Intangible fixed assets +€27,707
new in 2024: €27,707
- Tangible fixed assets +€25,723
up €25,723 (+15.9%), from €162,018 to €187,741
of which Land and buildings: +€22,531
- Stocks and contracts -€4,197
down €4,197 (-48.3%), from €8,697 to €4,500
- Trade debts +€43,835
up €43,835 (+204.4%), from €21,446 to €65,282
- Tax, wage and social debts +€21,853
up €21,853 (+95.6%), from €22,852 to €44,705
of which Taxes: +€16,723
- Profit (loss) carried forward +€16,517
up €16,517 (+42.5%), from €38,869 to €55,386
- Debts after one year +€15,422
up €15,422 (+16.7%), from €92,144 to €107,566
- Current portion of long-term debt +€11,822
up €11,822 (+56.6%), from €20,890 to €32,713
- Gross operating margin +€67,311
up €67,311 (+100.3%), from €67,123 to €134,435
- Staff costs +€62,192
up €62,192 (+234.1%), from €26,566 to €88,758
- Depreciation +€7,264
up €7,264 (+132.5%), from €5,483 to €12,748
- Financial charges +€3,406
up €3,406 (+75.7%), from €4,501 to €7,907
- Other operating charges +€2,829
up €2,829 (+733.2%), from €386 to €3,215
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €199,201 | €308,651 | +€109,450 | +54.9% |
| Fixed assets | 21/28 | €162,018 | €215,448 | +€53,430 | +33.0% |
| Intangible fixed assets | 21 | - | €27,707 | +€27,707 | |
| Tangible fixed assets | 22/27 | €162,018 | €187,741 | +€25,723 | +15.9% |
| Land and buildings | 22 | €159,045 | €181,576 | +€22,531 | +14.2% |
| Plant, machinery and equipment | 23 | €2,973 | €2,157 | -€817 | -27.5% |
| Furniture and vehicles | 24 | - | €4,009 | +€4,009 | |
| Current assets | 29/58 | €37,184 | €93,203 | +€56,020 | +150.7% |
| Stocks and contracts in progress | 3 | €8,697 | €4,500 | -€4,197 | -48.3% |
| Stocks | 30/36 | €8,697 | €4,500 | -€4,197 | -48.3% |
| Amounts receivable within one year | 40/41 | €21,254 | €82,600 | +€61,345 | +288.6% |
| Trade receivables | 40 | €20,146 | €43,190 | +€23,044 | +114.4% |
| Other amounts receivable | 41 | €1,108 | €39,410 | +€38,302 | +3456.6% |
| Cash at bank and in hand | 54/58 | €6,860 | €4,647 | -€2,213 | -32.3% |
| Deferred charges and accrued income | 490/1 | €372 | €1,457 | +€1,085 | +291.7% |
| Total equity and liabilities | 10/49 | €199,201 | €308,651 | +€109,450 | +54.9% |
| Equity | 10/15 | €41,869 | €58,386 | +€16,517 | +39.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,869 | €55,386 | +€16,517 | +42.5% |
| Amounts payable | 17/49 | €157,332 | €250,265 | +€92,933 | +59.1% |
| Amounts payable after more than one year | 17 | €92,144 | €107,566 | +€15,422 | +16.7% |
| Financial debts | 170/4 | €92,144 | €107,566 | +€15,422 | +16.7% |
| Amounts payable within one year | 42/48 | €65,189 | €142,699 | +€77,511 | +118.9% |
| Current portion of amounts payable after more than one year | 42 | €20,890 | €32,713 | +€11,822 | +56.6% |
| Trade debts | 44 | €21,446 | €65,282 | +€43,835 | +204.4% |
| Suppliers | 440/4 | €21,446 | €65,282 | +€43,835 | +204.4% |
| Taxes, remuneration and social security | 45 | €22,852 | €44,705 | +€21,853 | +95.6% |
| Taxes | 450/3 | €16,291 | €33,014 | +€16,723 | +102.7% |
| Remuneration and social security | 454/9 | €6,561 | €11,691 | +€5,130 | +78.2% |
| Non-recurring operating income | 76A | - | €4,280 | +€4,280 | |
| Remuneration, social security and pensions | 62 | €26,566 | €88,758 | +€62,192 | +234.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,483 | €12,748 | +€7,264 | +132.5% |
| Other operating charges | 640/8 | €386 | €3,215 | +€2,829 | +733.2% |
| Gross operating margin | 9900 | €67,123 | €134,435 | +€67,311 | +100.3% |
| Operating profit (loss) | 9901 | €34,688 | €29,714 | -€4,975 | -14.3% |
| Financial income | 75/76B | €6 | €1,409 | +€1,403 | +25017.3% |
| Recurring financial income | 75 | €6 | €1,409 | +€1,403 | +25017.3% |
| Financial charges | 65/66B | €4,501 | €7,907 | +€3,406 | +75.7% |
| Recurring financial charges | 65 | €4,501 | €7,907 | +€3,406 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €30,193 | €23,216 | -€6,977 | -23.1% |
| Income taxes | 67/77 | €6,800 | €6,699 | -€101 | -1.5% |
| Profit (loss) for the period | 9904 | €23,393 | €16,517 | -€6,876 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,393 | €16,517 | -€6,876 | -29.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.