MZOUGUI: 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.
MZOUGUI
Largest movements
- Tangible fixed assets -€32,856
down €32,856 (-4.6%), from €711,493 to €678,637
of which Land and buildings: -€32,480
- Debts after one year -€43,438
down €43,438 (-24.9%), from €174,381 to €130,943
of which Financial debts: -€43,438
- Other debts +€7,265
up €7,265 (+1.7%), from €435,190 to €442,456
- Gross operating margin +€8,844
up €8,844 (+15.5%), from €56,908 to €65,751
- Taxes +€2,340
up €2,340 (+69.3%), from €3,375 to €5,715
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 | €724,396 | €698,750 | -€25,646 | -3.5% |
| Fixed assets | 21/28 | €711,493 | €678,637 | -€32,856 | -4.6% |
| Tangible fixed assets | 22/27 | €711,493 | €678,637 | -€32,856 | -4.6% |
| Land and buildings | 22 | €710,504 | €678,025 | -€32,480 | -4.6% |
| Plant, machinery and equipment | 23 | €378 | €108 | -€270 | -71.5% |
| Furniture and vehicles | 24 | €610 | €504 | -€106 | -17.4% |
| Current assets | 29/58 | €12,904 | €20,113 | +€7,210 | +55.9% |
| Cash at bank and in hand | 54/58 | €11,007 | €17,969 | +€6,962 | +63.3% |
| Deferred charges and accrued income | 490/1 | €1,897 | €2,144 | +€247 | +13.0% |
| Total equity and liabilities | 10/49 | €724,396 | €698,750 | -€25,646 | -3.5% |
| Equity | 10/15 | €71,808 | €77,902 | +€6,095 | +8.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €51,808 | €57,902 | +€6,095 | +11.8% |
| Distributable reserves | 133 | €51,808 | €57,902 | +€6,095 | +11.8% |
| Amounts payable | 17/49 | €652,589 | €620,848 | -€31,741 | -4.9% |
| Amounts payable after more than one year | 17 | €174,381 | €130,943 | -€43,438 | -24.9% |
| Financial debts | 170/4 | €170,479 | €127,041 | -€43,438 | -25.5% |
| Other amounts payable | 178/9 | €3,902 | €3,902 | = | 0.0% |
| Amounts payable within one year | 42/48 | €478,208 | €488,955 | +€10,747 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €42,668 | €43,438 | +€770 | +1.8% |
| Taxes, remuneration and social security | 45 | €350 | €3,061 | +€2,711 | +774.7% |
| Taxes | 450/3 | €350 | €3,061 | +€2,711 | +774.7% |
| Other amounts payable | 47/48 | €435,190 | €442,456 | +€7,265 | +1.7% |
| Accrued charges and deferred income | 492/3 | - | €950 | +€950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,856 | €32,856 | = | 0.0% |
| Other operating charges | 640/8 | €4,480 | €4,622 | +€142 | +3.2% |
| Gross operating margin | 9900 | €56,908 | €65,751 | +€8,844 | +15.5% |
| Operating profit (loss) | 9901 | €19,571 | €28,273 | +€8,702 | +44.5% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €16,971 | €16,476 | -€495 | -2.9% |
| Recurring financial charges | 65 | €16,971 | €16,476 | -€495 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €2,600 | €11,810 | +€9,209 | +354.1% |
| Income taxes | 67/77 | €3,375 | €5,715 | +€2,340 | +69.3% |
| Profit (loss) for the period | 9904 | -€775 | €6,095 | +€6,869 | |
| Profit (loss) for the period to be appropriated | 9905 | -€775 | €6,095 | +€6,869 |
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 3 October 2026 via checked.be.