MAP CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year +€23,415
up €23,415 (+21.1%), from €110,745 to €134,160
of which Trade receivables: +€21,328
- Tangible fixed assets -€4,861
down €4,861 (-5.8%), from €83,841 to €78,980
of which Land and buildings: -€4,466
- Reserves +€23,400
up €23,400 (+48.3%), from €48,410 to €71,810
of which Distributable reserves: +€23,400
- Other debts -€10,000
down €10,000 (-14.6%), from €68,316 to €58,316
- Tax, wage and social debts +€8,077
up €8,077 (+189.2%), from €4,269 to €12,346
- Gross operating margin +€31,086
up €31,086 (+245.2%), from €12,679 to €43,765
- Taxes +€10,485
up €10,485 (+1114.6%), from €941 to €11,426
- Other operating charges +€662
up €662 (+31.0%), from €2,138 to €2,801
- Staff costs -€474
no longer reported in 2025 (was €474)
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 | €196,222 | €215,856 | +€19,634 | +10.0% |
| Fixed assets | 21/28 | €83,841 | €78,980 | -€4,861 | -5.8% |
| Tangible fixed assets | 22/27 | €83,841 | €78,980 | -€4,861 | -5.8% |
| Land and buildings | 22 | €83,402 | €78,935 | -€4,466 | -5.4% |
| Plant, machinery and equipment | 23 | €439 | €44 | -€395 | -89.9% |
| Current assets | 29/58 | €112,382 | €136,876 | +€24,495 | +21.8% |
| Amounts receivable within one year | 40/41 | €110,745 | €134,160 | +€23,415 | +21.1% |
| Trade receivables | 40 | €54,740 | €76,068 | +€21,328 | +39.0% |
| Other amounts receivable | 41 | €56,005 | €58,093 | +€2,088 | +3.7% |
| Cash at bank and in hand | 54/58 | €1,637 | €1,700 | +€63 | +3.9% |
| Deferred charges and accrued income | 490/1 | - | €1,016 | +€1,016 | |
| Total equity and liabilities | 10/49 | €196,222 | €215,856 | +€19,634 | +10.0% |
| Equity | 10/15 | €79,160 | €102,560 | +€23,400 | +29.6% |
| Contributions | 10/11 | €30,750 | €30,750 | = | 0.0% |
| Capital | 10 | €30,750 | €30,750 | = | 0.0% |
| Issued capital | 100 | €30,750 | €30,750 | = | 0.0% |
| Reserves | 13 | €48,410 | €71,810 | +€23,400 | +48.3% |
| Non-distributable reserves | 130/1 | €3,075 | €3,075 | = | 0.0% |
| Legal reserve | 130 | €3,075 | €3,075 | = | 0.0% |
| Distributable reserves | 133 | €45,335 | €68,735 | +€23,400 | +51.6% |
| Amounts payable | 17/49 | €117,062 | €113,296 | -€3,766 | -3.2% |
| Amounts payable within one year | 42/48 | €117,062 | €113,296 | -€3,766 | -3.2% |
| Trade debts | 44 | €44,478 | €42,634 | -€1,844 | -4.1% |
| Suppliers | 440/4 | €44,478 | €42,634 | -€1,844 | -4.1% |
| Taxes, remuneration and social security | 45 | €4,269 | €12,346 | +€8,077 | +189.2% |
| Taxes | 450/3 | €4,269 | €12,346 | +€8,077 | +189.2% |
| Other amounts payable | 47/48 | €68,316 | €58,316 | -€10,000 | -14.6% |
| Non-recurring operating income | 76A | €5,747 | - | -€5,747 | |
| Remuneration, social security and pensions | 62 | €474 | - | -€474 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,861 | €4,861 | = | 0.0% |
| Other operating charges | 640/8 | €2,138 | €2,801 | +€662 | +31.0% |
| Gross operating margin | 9900 | €12,679 | €43,765 | +€31,086 | +245.2% |
| Operating profit (loss) | 9901 | €5,206 | €36,103 | +€30,897 | +593.5% |
| Financial charges | 65/66B | €1,430 | €1,277 | -€153 | -10.7% |
| Recurring financial charges | 65 | €1,430 | €1,277 | -€153 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €3,776 | €34,826 | +€31,050 | +822.3% |
| Income taxes | 67/77 | €941 | €11,426 | +€10,485 | +1114.6% |
| Profit (loss) for the period | 9904 | €2,835 | €23,400 | +€20,565 | +725.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,835 | €23,400 | +€20,565 | +725.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.