MAP: 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.
MAP
Largest movements
- Cash +€14,726
up €14,726 (+95.7%), from €15,387 to €30,113
mainly Net result for the year (+€8,111) and Depreciation (+€5,806)
- Tangible fixed assets -€5,806
down €5,806 (-8.2%), from €70,381 to €64,575
of which Land and buildings: -€3,671
- Receivables within one year -€2,411
down €2,411 (-66.3%), from €3,635 to €1,224
of which Trade receivables: -€2,324
- Reserves +€8,112
up €8,112 (+23.9%), from €33,923 to €42,035
of which Distributable reserves: +€8,112
- Other debts -€3,750
down €3,750 (-12.2%), from €30,815 to €27,065
- Tax, wage and social debts +€2,525
up €2,525 (+117%), from €2,164 to €4,689
- Gross operating margin +€7,745
up €7,745 (+64.0%), from €12,102 to €19,847
- Taxes +€3,131
up €3,131 (+201%), from €1,557 to €4,688
- Depreciation -€306
down €306 (-5.0%), from €6,112 to €5,806
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 | €89,403 | €95,912 | +€6,509 | +7.3% |
| Fixed assets | 21/28 | €70,381 | €64,575 | -€5,806 | -8.2% |
| Tangible fixed assets | 22/27 | €70,381 | €64,575 | -€5,806 | -8.2% |
| Land and buildings | 22 | €59,912 | €56,241 | -€3,671 | -6.1% |
| Plant, machinery and equipment | 23 | €10,469 | €8,335 | -€2,134 | -20.4% |
| Current assets | 29/58 | €19,022 | €31,337 | +€12,315 | +64.7% |
| Amounts receivable within one year | 40/41 | €3,635 | €1,224 | -€2,411 | -66.3% |
| Trade receivables | 40 | €3,491 | €1,167 | -€2,324 | -66.6% |
| Other amounts receivable | 41 | €144 | €57 | -€87 | -60.3% |
| Cash at bank and in hand | 54/58 | €15,387 | €30,113 | +€14,726 | +95.7% |
| Total equity and liabilities | 10/49 | €89,403 | €95,912 | +€6,509 | +7.3% |
| Equity | 10/15 | €56,023 | €64,134 | +€8,111 | +14.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €33,923 | €42,035 | +€8,112 | +23.9% |
| Non-distributable reserves | 130/1 | €649 | €649 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €649 | €649 | +€0 | 0.0% |
| Distributable reserves | 133 | €33,274 | €41,386 | +€8,112 | +24.4% |
| Profit (loss) carried forward | 14 | €2,100 | €2,100 | -€0 | 0.0% |
| Amounts payable | 17/49 | €33,380 | €31,778 | -€1,602 | -4.8% |
| Amounts payable within one year | 42/48 | €33,380 | €31,778 | -€1,602 | -4.8% |
| Trade debts | 44 | €401 | €24 | -€377 | -94.1% |
| Suppliers | 440/4 | €401 | €24 | -€377 | -94.1% |
| Taxes, remuneration and social security | 45 | €2,164 | €4,689 | +€2,525 | +117% |
| Taxes | 450/3 | €2,164 | €4,689 | +€2,525 | +117% |
| Other amounts payable | 47/48 | €30,815 | €27,065 | -€3,750 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,112 | €5,806 | -€306 | -5.0% |
| Other operating charges | 640/8 | €1,199 | €1,164 | -€35 | -2.9% |
| Gross operating margin | 9900 | €12,102 | €19,847 | +€7,745 | +64.0% |
| Operating profit (loss) | 9901 | €4,791 | €12,877 | +€8,086 | +169% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.8% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.8% |
| Financial charges | 65/66B | €60 | €78 | +€18 | +30.1% |
| Recurring financial charges | 65 | €60 | €78 | +€18 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €4,735 | €12,799 | +€8,064 | +170% |
| Income taxes | 67/77 | €1,557 | €4,688 | +€3,131 | +201% |
| Profit (loss) for the period | 9904 | €3,178 | €8,111 | +€4,933 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €3,178 | €8,111 | +€4,933 | +155% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.