MZT: 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.
MZT
Largest movements
- Receivables within one year +€9,311
up €9,311 (+124.9%), from €7,452 to €16,763
of which Trade receivables: +€10,718
- Cash +€6,165
up €6,165 (+71.1%), from €8,674 to €14,839
mainly Net result for the year (+€7,457) and Tax, wage and social debts (+€4,212)
- Tangible fixed assets -€2,087
down €2,087 (-61.4%), from €3,400 to €1,313
- Profit (loss) carried forward +€7,457
up €7,457, from -€2,049 to €5,408
- Tax, wage and social debts +€4,212
up €4,212 (+277.8%), from €1,516 to €5,728
- Trade debts +€1,670
up €1,670 (+89.0%), from €1,877 to €3,547
- Gross operating margin +€15,708
up €15,708, from -€2,401 to €13,307
- Taxes +€2,217
up €2,217 (+704.0%), from €315 to €2,532
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 | €20,565 | €34,027 | +€13,462 | +65.5% |
| Fixed assets | 21/28 | €3,425 | €1,338 | -€2,087 | -60.9% |
| Tangible fixed assets | 22/27 | €3,400 | €1,313 | -€2,087 | -61.4% |
| Plant, machinery and equipment | 23 | €3,400 | €1,313 | -€2,087 | -61.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €17,140 | €32,688 | +€15,548 | +90.7% |
| Amounts receivable within one year | 40/41 | €7,452 | €16,763 | +€9,311 | +124.9% |
| Trade receivables | 40 | €6,034 | €16,752 | +€10,718 | +177.6% |
| Other amounts receivable | 41 | €1,417 | €11 | -€1,407 | -99.3% |
| Cash at bank and in hand | 54/58 | €8,674 | €14,839 | +€6,165 | +71.1% |
| Deferred charges and accrued income | 490/1 | €1,015 | €1,087 | +€72 | +7.1% |
| Total equity and liabilities | 10/49 | €20,565 | €34,027 | +€13,462 | +65.5% |
| Equity | 10/15 | €16,502 | €23,958 | +€7,457 | +45.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,049 | €5,408 | +€7,457 | |
| Amounts payable | 17/49 | €4,064 | €10,068 | +€6,005 | +147.8% |
| Amounts payable within one year | 42/48 | €4,064 | €10,068 | +€6,005 | +147.8% |
| Trade debts | 44 | €1,877 | €3,547 | +€1,670 | +89.0% |
| Suppliers | 440/4 | €1,877 | €3,547 | +€1,670 | +89.0% |
| Taxes, remuneration and social security | 45 | €1,516 | €5,728 | +€4,212 | +277.8% |
| Taxes | 450/3 | €1,516 | €5,728 | +€4,212 | +277.8% |
| Other amounts payable | 47/48 | €671 | €794 | +€123 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,202 | €2,087 | -€116 | -5.3% |
| Other operating charges | 640/8 | €1,001 | €1,026 | +€25 | +2.5% |
| Gross operating margin | 9900 | -€2,401 | €13,307 | +€15,708 | |
| Operating profit (loss) | 9901 | -€5,605 | €10,195 | +€15,799 | |
| Financial income | 75/76B | €128 | €43 | -€85 | -66.2% |
| Recurring financial income | 75 | €128 | €43 | -€85 | -66.2% |
| Financial charges | 65/66B | €231 | €249 | +€18 | +7.8% |
| Recurring financial charges | 65 | €231 | €249 | +€18 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,708 | €9,989 | +€15,697 | |
| Income taxes | 67/77 | €315 | €2,532 | +€2,217 | +704.0% |
| Profit (loss) for the period | 9904 | -€6,023 | €7,457 | +€13,480 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,023 | €7,457 | +€13,480 |
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 5 October 2026 via checked.be.