MAP: 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.
MAP
Largest movements
- Receivables within one year +€16,633
up €16,633 (+57.6%), from €28,866 to €45,500
of which Trade receivables: +€16,626
- Cash +€10,290
up €10,290 (+117.7%), from €8,744 to €19,034
mainly Net result for the year (+€12,930) and Tax, wage and social debts (+€8,894)
- Tangible fixed assets +€815
up €815 (+127.3%), from €640 to €1,456
- Profit (loss) carried forward +€12,097
up €12,097 (+120.1%), from €10,069 to €22,166
- Tax, wage and social debts +€8,894
up €8,894 (+61.7%), from €14,421 to €23,315
of which Taxes: +€8,742
- Other debts +€3,206
up €3,206 (+46.6%), from €6,884 to €10,090
- Trade debts +€2,096
up €2,096 (+38.2%), from €5,482 to €7,578
- Advances received +€1,452
new in 2025: €1,452
- Gross operating margin +€3,383
up €3,383 (+18.5%), from €18,294 to €21,677
- Taxes +€1,793
up €1,793 (+34.3%), from €5,228 to €7,021
- Depreciation -€1,201
down €1,201 (-71.8%), from €1,671 to €471
- Financial charges +€540
up €540 (+822.1%), from €66 to €606
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 | €38,356 | €66,101 | +€27,745 | +72.3% |
| Fixed assets | 21/28 | €640 | €1,456 | +€815 | +127.3% |
| Tangible fixed assets | 22/27 | €640 | €1,456 | +€815 | +127.3% |
| Furniture and vehicles | 24 | €640 | €1,456 | +€815 | +127.3% |
| Current assets | 29/58 | €37,715 | €64,645 | +€26,930 | +71.4% |
| Amounts receivable within one year | 40/41 | €28,866 | €45,500 | +€16,633 | +57.6% |
| Trade receivables | 40 | €28,866 | €45,492 | +€16,626 | +57.6% |
| Other amounts receivable | 41 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €8,744 | €19,034 | +€10,290 | +117.7% |
| Deferred charges and accrued income | 490/1 | €105 | €112 | +€7 | +6.7% |
| Total equity and liabilities | 10/49 | €38,356 | €66,101 | +€27,745 | +72.3% |
| Equity | 10/15 | €11,569 | €23,666 | +€12,097 | +104.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,069 | €22,166 | +€12,097 | +120.1% |
| Amounts payable | 17/49 | €26,787 | €42,435 | +€15,648 | +58.4% |
| Amounts payable within one year | 42/48 | €26,787 | €42,435 | +€15,648 | +58.4% |
| Trade debts | 44 | €5,482 | €7,578 | +€2,096 | +38.2% |
| Suppliers | 440/4 | €5,482 | €7,578 | +€2,096 | +38.2% |
| Advances received on contracts in progress | 46 | - | €1,452 | +€1,452 | |
| Taxes, remuneration and social security | 45 | €14,421 | €23,315 | +€8,894 | +61.7% |
| Taxes | 450/3 | €13,101 | €21,843 | +€8,742 | +66.7% |
| Remuneration and social security | 454/9 | €1,320 | €1,472 | +€152 | +11.5% |
| Other amounts payable | 47/48 | €6,884 | €10,090 | +€3,206 | +46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,671 | €471 | -€1,201 | -71.8% |
| Other operating charges | 640/8 | €460 | €649 | +€188 | +40.9% |
| Gross operating margin | 9900 | €18,294 | €21,677 | +€3,383 | +18.5% |
| Operating profit (loss) | 9901 | €16,162 | €20,557 | +€4,395 | +27.2% |
| Financial charges | 65/66B | €66 | €606 | +€540 | +822.1% |
| Recurring financial charges | 65 | €66 | €606 | +€540 | +822.1% |
| Profit (loss) for the period before taxes | 9903 | €16,096 | €19,951 | +€3,855 | +23.9% |
| Income taxes | 67/77 | €5,228 | €7,021 | +€1,793 | +34.3% |
| Profit (loss) for the period | 9904 | €10,869 | €12,930 | +€2,062 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,869 | €12,930 | +€2,062 | +19.0% |
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 7 October 2026 via checked.be.