Mzouratax: 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.
Mzouratax
Largest movements
- Receivables within one year +€50,363
up €50,363 (+114%), from €44,343 to €94,706
of which Trade receivables: +€44,724
- Cash -€34,595
down €34,595 (-95.9%), from €36,085 to €1,490
mainly Receivables within one year (-€50,363) and Contributions, distributions and other (-€2,000)
- Tangible fixed assets -€3,177
down €3,177 (-71.7%), from €4,428 to €1,252
- Reserves +€8,877
up €8,877 (+14.2%), from €62,447 to €71,324
- Other debts +€2,600
up €2,600 (+130%), from €2,000 to €4,600
- Turnover +€5,889
up €5,889 (+11.7%), from €50,393 to €56,281
- Purchases and services +€2,406
up €2,406 (+6.5%), from €37,177 to €39,583
- Other operating charges +€1,750
up €1,750 (+1,094%), from €160 to €1,909
- Gross operating margin +€996
up €996 (+5.5%), from €17,949 to €18,945
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 | €85,221 | €97,813 | +€12,592 | +14.8% |
| Fixed assets | 21/28 | €4,793 | €1,617 | -€3,177 | -66.3% |
| Tangible fixed assets | 22/27 | €4,428 | €1,252 | -€3,177 | -71.7% |
| Furniture and vehicles | 24 | €4,428 | €1,252 | -€3,177 | -71.7% |
| Financial fixed assets | 28 | €365 | €365 | = | 0.0% |
| Current assets | 29/58 | €80,427 | €96,196 | +€15,769 | +19.6% |
| Amounts receivable within one year | 40/41 | €44,343 | €94,706 | +€50,363 | +114% |
| Trade receivables | 40 | €1,875 | €46,599 | +€44,724 | +2,385% |
| Other amounts receivable | 41 | €42,467 | €48,107 | +€5,640 | +13.3% |
| Cash at bank and in hand | 54/58 | €36,085 | €1,490 | -€34,595 | -95.9% |
| Total equity and liabilities | 10/49 | €85,221 | €97,813 | +€12,592 | +14.8% |
| Equity | 10/15 | €76,156 | €85,032 | +€8,877 | +11.7% |
| Contributions | 10/11 | €13,709 | €13,709 | = | 0.0% |
| Reserves | 13 | €62,447 | €71,324 | +€8,877 | +14.2% |
| Distributable reserves | 133 | €62,447 | €71,324 | +€8,877 | +14.2% |
| Amounts payable | 17/49 | €9,065 | €12,781 | +€3,716 | +41.0% |
| Amounts payable within one year | 42/48 | €9,065 | €12,781 | +€3,716 | +41.0% |
| Trade debts | 44 | - | €266 | +€266 | |
| Suppliers | 440/4 | - | €266 | +€266 | |
| Taxes, remuneration and social security | 45 | €7,065 | €7,914 | +€850 | +12.0% |
| Taxes | 450/3 | €7,065 | €7,914 | +€850 | +12.0% |
| Other amounts payable | 47/48 | €2,000 | €4,600 | +€2,600 | +130% |
| Turnover | 70 | €50,393 | €56,281 | +€5,889 | +11.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €37,177 | €39,583 | +€2,406 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,836 | €3,177 | +€341 | +12.0% |
| Other operating charges | 640/8 | €160 | €1,909 | +€1,750 | +1,094% |
| Gross operating margin | 9900 | €17,949 | €18,945 | +€996 | +5.5% |
| Operating profit (loss) | 9901 | €14,953 | €13,859 | -€1,095 | -7.3% |
| Financial charges | 65/66B | €401 | €233 | -€169 | -42.1% |
| Recurring financial charges | 65 | €401 | €233 | -€169 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €14,552 | €13,626 | -€926 | -6.4% |
| Income taxes | 67/77 | €2,797 | €2,750 | -€48 | -1.7% |
| Profit (loss) for the period | 9904 | €11,755 | €10,877 | -€878 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,755 | €10,877 | -€878 | -7.5% |
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 27 October 2026 via checked.be.