MAPA: 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.
MAPA
Largest movements
- Cash +€358,827
up €358,827 (+98.7%), from €363,678 to €722,505
mainly Accrued charges and deferred income (+€458,761) and Other debts (+€400,066)
- Receivables within one year +€165,440
up €165,440 (+45.1%), from €366,688 to €532,128
of which Other amounts receivable: +€132,411
- Deferred charges and accrued income +€141,982
up €141,982 (+3613.7%), from €3,929 to €145,911
- Tangible fixed assets +€16,795
up €16,795 (+49.0%), from €34,269 to €51,064
of which Furniture and vehicles: +€16,325
- Accrued charges and deferred income +€458,761
up €458,761 (+1606.7%), from €28,554 to €487,315
- Other debts +€400,066
up €400,066 (+99677.5%), from €401 to €400,467
- Profit (loss) carried forward -€292,336
down €292,336, from €253,604 to -€38,733
- Trade debts +€95,334
up €95,334 (+928.4%), from €10,269 to €105,604
- Tax, wage and social debts +€35,989
up €35,989 (+86.1%), from €41,803 to €77,792
of which Remuneration and social security: +€19,956
- Gross operating margin +€267,691
up €267,691 (+33.5%), from €798,109 to €1.1m
- Staff costs +€102,005
up €102,005 (+24.6%), from €415,158 to €517,163
- Taxes -€37,110
down €37,110 (-46.1%), from €80,551 to €43,441
- Financial income +€25,617
up €25,617 (+161.3%), from €15,878 to €41,495
of which Non-recurring financial income: +€28,554
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 | €909,231 | €1,607,045 | +€697,814 | +76.7% |
| Fixed assets | 21/28 | €34,269 | €51,064 | +€16,795 | +49.0% |
| Tangible fixed assets | 22/27 | €34,269 | €51,064 | +€16,795 | +49.0% |
| Plant, machinery and equipment | 23 | €1,544 | €2,014 | +€471 | +30.5% |
| Furniture and vehicles | 24 | €32,726 | €49,050 | +€16,325 | +49.9% |
| Current assets | 29/58 | €874,962 | €1,555,980 | +€681,019 | +77.8% |
| Stocks and contracts in progress | 3 | €140,667 | €155,437 | +€14,770 | +10.5% |
| Stocks | 30/36 | €140,667 | €155,437 | +€14,770 | +10.5% |
| Amounts receivable within one year | 40/41 | €366,688 | €532,128 | +€165,440 | +45.1% |
| Trade receivables | 40 | €320,618 | €353,647 | +€33,029 | +10.3% |
| Other amounts receivable | 41 | €46,069 | €178,480 | +€132,411 | +287.4% |
| Cash at bank and in hand | 54/58 | €363,678 | €722,505 | +€358,827 | +98.7% |
| Deferred charges and accrued income | 490/1 | €3,929 | €145,911 | +€141,982 | +3613.7% |
| Total equity and liabilities | 10/49 | €909,231 | €1,607,045 | +€697,814 | +76.7% |
| Equity | 10/15 | €828,204 | €535,867 | -€292,336 | -35.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €556,000 | €556,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,000 | €56,000 | = | 0.0% |
| Distributable reserves | 133 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €253,604 | -€38,733 | -€292,336 | |
| Amounts payable | 17/49 | €81,027 | €1,071,177 | +€990,150 | +1222.0% |
| Amounts payable within one year | 42/48 | €52,474 | €583,863 | +€531,389 | +1012.7% |
| Trade debts | 44 | €10,269 | €105,604 | +€95,334 | +928.4% |
| Suppliers | 440/4 | €10,269 | €105,604 | +€95,334 | +928.4% |
| Taxes, remuneration and social security | 45 | €41,803 | €77,792 | +€35,989 | +86.1% |
| Taxes | 450/3 | €7,662 | €23,695 | +€16,033 | +209.3% |
| Remuneration and social security | 454/9 | €34,141 | €54,097 | +€19,956 | +58.5% |
| Other amounts payable | 47/48 | €401 | €400,467 | +€400,066 | +99677.5% |
| Accrued charges and deferred income | 492/3 | €28,554 | €487,315 | +€458,761 | +1606.7% |
| Non-recurring operating income | 76A | - | €122,272 | +€122,272 | |
| Remuneration, social security and pensions | 62 | €415,158 | €517,163 | +€102,005 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,092 | €19,550 | -€1,543 | -7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,445 | -€1,819 | -€6,264 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€473 | €0 | +€473 | |
| Other operating charges | 640/8 | €1,713 | €4,053 | +€2,340 | +136.6% |
| Non-recurring operating charges | 66A | €60,420 | €416,390 | +€355,971 | +589.2% |
| Gross operating margin | 9900 | €798,109 | €1,065,799 | +€267,691 | +33.5% |
| Operating profit (loss) | 9901 | €295,754 | €110,462 | -€185,292 | -62.7% |
| Financial income | 75/76B | €15,878 | €41,495 | +€25,617 | +161.3% |
| Recurring financial income | 75 | €15,878 | €12,941 | -€2,936 | -18.5% |
| Non-recurring financial income | 76B | - | €28,554 | +€28,554 | |
| Financial charges | 65/66B | €799 | €852 | +€53 | +6.6% |
| Recurring financial charges | 65 | €799 | €852 | +€53 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €310,833 | €151,105 | -€159,728 | -51.4% |
| Income taxes | 67/77 | €80,551 | €43,441 | -€37,110 | -46.1% |
| Profit (loss) for the period | 9904 | €230,282 | €107,664 | -€122,618 | -53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €230,282 | €107,664 | -€122,618 | -53.2% |
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 8 October 2026 via checked.be.