MZLP: 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.
MZLP
Largest movements
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Cash +€196,150
up €196,150 (+129%), from €151,868 to €348,017
mainly Current investments (+€500,000) and Net result for the year (+€488,000)
- Receivables within one year +€53,067
up €53,067 (+14.2%), from €374,852 to €427,918
of which Trade receivables: +€54,659
- Accrued charges and deferred income -€125,000
down €125,000 (-33.3%), from €375,000 to €250,000
- Tax, wage and social debts -€102,325
down €102,325 (-62.1%), from €164,878 to €62,553
- Other debts -€33,260
down €33,260 (-7.4%), from €448,702 to €415,442
- Gross operating margin -€53,576
down €53,576 (-7.6%), from €706,880 to €653,304
- Taxes -€17,536
down €17,536 (-9.9%), from €177,670 to €160,134
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 | €1,139,943 | €876,440 | -€263,502 | -23.1% |
| Fixed assets | 21/28 | €108,468 | €98,741 | -€9,726 | -9.0% |
| Tangible fixed assets | 22/27 | €108,468 | €98,741 | -€9,726 | -9.0% |
| Land and buildings | 22 | €105,000 | €97,500 | -€7,500 | -7.1% |
| Plant, machinery and equipment | 23 | €508 | €16 | -€492 | -96.8% |
| Furniture and vehicles | 24 | €2,960 | €1,225 | -€1,735 | -58.6% |
| Current assets | 29/58 | €1,031,475 | €777,699 | -€253,776 | -24.6% |
| Amounts receivable within one year | 40/41 | €374,852 | €427,918 | +€53,067 | +14.2% |
| Trade receivables | 40 | €372,921 | €427,580 | +€54,659 | +14.7% |
| Other amounts receivable | 41 | €1,931 | €338 | -€1,592 | -82.5% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €151,868 | €348,017 | +€196,150 | +129% |
| Deferred charges and accrued income | 490/1 | €4,756 | €1,764 | -€2,992 | -62.9% |
| Total equity and liabilities | 10/49 | €1,139,943 | €876,440 | -€263,502 | -23.1% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Amounts payable | 17/49 | €1,119,483 | €855,980 | -€263,502 | -23.5% |
| Amounts payable after more than one year | 17 | €116,948 | €109,435 | -€7,513 | -6.4% |
| Financial debts | 170/4 | €116,948 | €109,435 | -€7,513 | -6.4% |
| Amounts payable within one year | 42/48 | €627,535 | €496,545 | -€130,990 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €7,386 | €7,513 | +€127 | +1.7% |
| Trade debts | 44 | €6,569 | €11,037 | +€4,468 | +68.0% |
| Suppliers | 440/4 | €6,569 | €11,037 | +€4,468 | +68.0% |
| Taxes, remuneration and social security | 45 | €164,878 | €62,553 | -€102,325 | -62.1% |
| Taxes | 450/3 | €164,878 | €62,553 | -€102,325 | -62.1% |
| Other amounts payable | 47/48 | €448,702 | €415,442 | -€33,260 | -7.4% |
| Accrued charges and deferred income | 492/3 | €375,000 | €250,000 | -€125,000 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,231 | €8,839 | -€1,392 | -13.6% |
| Other operating charges | 640/8 | €1,138 | €1,171 | +€34 | +3.0% |
| Gross operating margin | 9900 | €706,880 | €653,304 | -€53,576 | -7.6% |
| Operating profit (loss) | 9901 | €695,511 | €643,293 | -€52,217 | -7.5% |
| Financial income | 75/76B | €11,277 | €7,054 | -€4,222 | -37.4% |
| Recurring financial income | 75 | €11,277 | €7,054 | -€4,222 | -37.4% |
| Financial charges | 65/66B | €3,314 | €2,213 | -€1,100 | -33.2% |
| Recurring financial charges | 65 | €3,314 | €2,213 | -€1,100 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €703,474 | €648,134 | -€55,339 | -7.9% |
| Income taxes | 67/77 | €177,670 | €160,134 | -€17,536 | -9.9% |
| Profit (loss) for the period | 9904 | €525,804 | €488,000 | -€37,804 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €525,804 | €488,000 | -€37,804 | -7.2% |
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 15 October 2026 via checked.be.