MZL IMMO: 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.
MZL IMMO
Largest movements
- Tangible fixed assets -€111,467
down €111,467 (-2.5%), from €4.5m to €4.4m
- Short-term financial debts -€380,000
down €380,000 (-21.3%), from €1.8m to €1.4m
- Other debts +€224,869
up €224,869 (+18.1%), from €1.2m to €1.5m
- Depreciation +€102,025
up €102,025 (+1,081%), from €9,441 to €111,467
- Financial charges -€99,393
down €99,393 (-66.9%), from €148,565 to €49,172
- Gross operating margin +€57,674
up €57,674 (+33.7%), from €171,230 to €228,903
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 | €4,514,945 | €4,396,008 | -€118,937 | -2.6% |
| Fixed assets | 21/28 | €4,485,403 | €4,373,937 | -€111,467 | -2.5% |
| Tangible fixed assets | 22/27 | €4,485,403 | €4,373,937 | -€111,467 | -2.5% |
| Land and buildings | 22 | €4,485,403 | €4,373,937 | -€111,467 | -2.5% |
| Current assets | 29/58 | €29,542 | €22,071 | -€7,471 | -25.3% |
| Amounts receivable within one year | 40/41 | €22,412 | €1,574 | -€20,838 | -93.0% |
| Trade receivables | 40 | €19,301 | €1,574 | -€17,728 | -91.8% |
| Other amounts receivable | 41 | €3,110 | €0 | -€3,110 | -100% |
| Cash at bank and in hand | 54/58 | €7,130 | €20,497 | +€13,367 | +187% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €4,514,945 | €4,396,008 | -€118,937 | -2.6% |
| Equity | 10/15 | €1,445,281 | €1,489,781 | +€44,500 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €593,467 | €593,467 | = | 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% |
| Tax-exempt reserves | 132 | €591,607 | €591,607 | = | 0.0% |
| Profit (loss) carried forward | 14 | €833,214 | €877,714 | +€44,500 | +5.3% |
| Amounts payable | 17/49 | €3,069,664 | €2,906,227 | -€163,437 | -5.3% |
| Amounts payable within one year | 42/48 | €3,060,258 | €2,906,227 | -€154,031 | -5.0% |
| Financial debts | 43 | €1,780,000 | €1,400,000 | -€380,000 | -21.3% |
| Credit institutions | 430/8 | €1,780,000 | €1,400,000 | -€380,000 | -21.3% |
| Trade debts | 44 | €40,914 | €42,014 | +€1,100 | +2.7% |
| Suppliers | 440/4 | €40,914 | €42,014 | +€1,100 | +2.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,239,344 | €1,464,213 | +€224,869 | +18.1% |
| Accrued charges and deferred income | 492/3 | €9,406 | €0 | -€9,406 | -100% |
| Non-recurring operating income | 76A | - | €16,000 | +€16,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,441 | €111,467 | +€102,025 | +1,081% |
| Other operating charges | 640/8 | €19,158 | €19,765 | +€607 | +3.2% |
| Non-recurring operating charges | 66A | - | €4,000 | +€4,000 | |
| Gross operating margin | 9900 | €171,230 | €228,903 | +€57,674 | +33.7% |
| Operating profit (loss) | 9901 | €142,631 | €93,672 | -€48,959 | -34.3% |
| Financial charges | 65/66B | €148,565 | €49,172 | -€99,393 | -66.9% |
| Recurring financial charges | 65 | €148,565 | €49,172 | -€99,393 | -66.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,934 | €44,500 | +€50,434 | |
| Profit (loss) for the period | 9904 | -€5,934 | €44,500 | +€50,434 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,934 | €44,500 | +€50,434 |
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 28 October 2026 via checked.be.