MAP RELOCATIONS: 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 RELOCATIONS
Largest movements
- Intangible fixed assets -€58,503
down €58,503 (-48.9%), from €119,712 to €61,210
- Cash +€24,177
up €24,177 (+782.6%), from €3,089 to €27,267
mainly Other debts (+€114,800) and Depreciation (+€64,029)
- Receivables within one year -€23,856
down €23,856 (-4.0%), from €600,315 to €576,459
of which Other amounts receivable: -€100,434
- Deferred charges and accrued income +€12,975
up €12,975 (+158.4%), from €8,190 to €21,164
- Profit (loss) carried forward -€177,524
down €177,524 (-17.7%), from -€1.0m to -€1.2m
- Other debts +€114,800
up €114,800 (+62.2%), from €184,435 to €299,235
- Trade debts +€28,393
up €28,393 (+2.2%), from €1.3m to €1.3m
- Write-downs -€188,922
down €188,922 (-100.0%), from €188,922 to €0
- Staff costs -€167,255
down €167,255 (-19.0%), from €880,324 to €713,069
- Gross operating margin +€98,201
up €98,201 (+15.4%), from €637,045 to €735,246
- Taxes +€95,946
up €95,946 (+4750.3%), from €2,020 to €97,966
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 | €734,593 | €695,567 | -€39,026 | -5.3% |
| Fixed assets | 21/28 | €122,999 | €70,677 | -€52,322 | -42.5% |
| Intangible fixed assets | 21 | €119,712 | €61,210 | -€58,503 | -48.9% |
| Tangible fixed assets | 22/27 | €3,287 | €9,467 | +€6,181 | +188.1% |
| Plant, machinery and equipment | 23 | €2,656 | €1,195 | -€1,461 | -55.0% |
| Furniture and vehicles | 24 | €49 | €8,228 | +€8,179 | +16674.0% |
| Other tangible fixed assets | 26 | €582 | €45 | -€537 | -92.3% |
| Current assets | 29/58 | €611,594 | €624,890 | +€13,296 | +2.2% |
| Amounts receivable within one year | 40/41 | €600,315 | €576,459 | -€23,856 | -4.0% |
| Trade receivables | 40 | €445,929 | €522,507 | +€76,579 | +17.2% |
| Other amounts receivable | 41 | €154,386 | €53,952 | -€100,434 | -65.1% |
| Cash at bank and in hand | 54/58 | €3,089 | €27,267 | +€24,177 | +782.6% |
| Deferred charges and accrued income | 490/1 | €8,190 | €21,164 | +€12,975 | +158.4% |
| Total equity and liabilities | 10/49 | €734,593 | €695,567 | -€39,026 | -5.3% |
| Equity | 10/15 | -€826,663 | -€1,004,187 | -€177,524 | -21.5% |
| Contributions | 10/11 | €62,100 | €62,100 | = | 0.0% |
| Capital | 10 | €62,100 | €62,100 | = | 0.0% |
| Issued capital | 100 | €62,100 | €62,100 | = | 0.0% |
| Reserves | 13 | €114,410 | €114,410 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,210 | €6,210 | = | 0.0% |
| Legal reserve | 130 | €6,210 | €6,210 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €70,700 | €70,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,003,173 | -€1,180,697 | -€177,524 | -17.7% |
| Amounts payable | 17/49 | €1,561,256 | €1,699,754 | +€138,498 | +8.9% |
| Amounts payable within one year | 42/48 | €1,539,522 | €1,680,476 | +€140,954 | +9.2% |
| Trade debts | 44 | €1,275,487 | €1,303,880 | +€28,393 | +2.2% |
| Suppliers | 440/4 | €1,275,487 | €1,303,880 | +€28,393 | +2.2% |
| Taxes, remuneration and social security | 45 | €79,600 | €77,361 | -€2,239 | -2.8% |
| Taxes | 450/3 | €3,609 | €12,188 | +€8,580 | +237.7% |
| Remuneration and social security | 454/9 | €75,991 | €65,173 | -€10,819 | -14.2% |
| Other amounts payable | 47/48 | €184,435 | €299,235 | +€114,800 | +62.2% |
| Accrued charges and deferred income | 492/3 | €21,734 | €19,278 | -€2,456 | -11.3% |
| Non-recurring operating income | 76A | €15,854 | €6,203 | -€9,651 | -60.9% |
| Remuneration, social security and pensions | 62 | €880,324 | €713,069 | -€167,255 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,598 | €64,029 | +€431 | +0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €188,922 | €0 | -€188,922 | -100.0% |
| Other operating charges | 640/8 | €10,439 | €9,042 | -€1,397 | -13.4% |
| Non-recurring operating charges | 66A | €5,619 | €11,476 | +€5,857 | +104.3% |
| Gross operating margin | 9900 | €637,045 | €735,246 | +€98,201 | +15.4% |
| Operating profit (loss) | 9901 | -€511,857 | -€62,371 | +€449,486 | +87.8% |
| Financial income | 75/76B | €1,402 | €909 | -€493 | -35.2% |
| Recurring financial income | 75 | €1,402 | €909 | -€493 | -35.2% |
| Financial charges | 65/66B | €12,890 | €18,095 | +€5,205 | +40.4% |
| Recurring financial charges | 65 | €12,890 | €18,095 | +€5,205 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | -€523,345 | -€79,558 | +€443,787 | +84.8% |
| Income taxes | 67/77 | €2,020 | €97,966 | +€95,946 | +4750.3% |
| Profit (loss) for the period | 9904 | -€525,365 | -€177,524 | +€347,841 | +66.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€525,365 | -€177,524 | +€347,841 | +66.2% |
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 1 October 2026 via checked.be.