Mapa Holding: 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 Holding
Largest movements
- Financial fixed assets -€4.2m
down €4.2m (-73.6%), from €5.7m to €1.5m
- Cash -€1.4m
down €1.4m (-85.1%), from €1.6m to €240,707
mainly Contributions, distributions and other (-€5.4m) and Debts after one year (-€1.9m)
- Reserves -€2.8m
down €2.8m (-95.2%), from €2.9m to €140,000
of which Distributable reserves: -€2.8m
- Debts after one year -€1.9m
down €1.9m (-100.0%), from €1.9m to €0
- Other debts -€750,000
down €750,000 (-100.0%), from €750,000 to €0
- Current portion of long-term debt -€216,935
down €216,935 (-100.0%), from €216,935 to €0
- Profit (loss) carried forward +€176,511
up €176,511 (+244.9%), from €72,064 to €248,575
- Financial income +€2.2m
up €2.2m (+375.1%), from €588,579 to €2.8m
of which Non-recurring financial income: +€2.7m
- Gross operating margin -€161,841
down €161,841 (-93.4%), from €173,290 to €11,449
- Financial charges -€70,163
down €70,163 (-78.1%), from €89,833 to €19,670
- Taxes -€22,044
down €22,044 (-67.4%), from €32,728 to €10,684
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 | €7,303,831 | €1,788,575 | -€5.5m | -75.5% |
| Fixed assets | 21/28 | €5,675,510 | €1,500,000 | -€4.2m | -73.6% |
| Financial fixed assets | 28 | €5,675,510 | €1,500,000 | -€4.2m | -73.6% |
| Current assets | 29/58 | €1,628,321 | €288,575 | -€1.3m | -82.3% |
| Amounts receivable within one year | 40/41 | €9,691 | €47,868 | +€38,176 | +393.9% |
| Other amounts receivable | 41 | €9,691 | €47,868 | +€38,176 | +393.9% |
| Cash at bank and in hand | 54/58 | €1,615,735 | €240,707 | -€1.4m | -85.1% |
| Deferred charges and accrued income | 490/1 | €2,895 | €0 | -€2,895 | -100.0% |
| Total equity and liabilities | 10/49 | €7,303,831 | €1,788,575 | -€5.5m | -75.5% |
| Equity | 10/15 | €4,362,064 | €1,788,575 | -€2.6m | -59.0% |
| Contributions | 10/11 | €1,400,000 | €1,400,000 | = | 0.0% |
| Capital | 10 | €1,400,000 | €1,400,000 | = | 0.0% |
| Issued capital | 100 | €1,400,000 | €1,400,000 | = | 0.0% |
| Reserves | 13 | €2,890,000 | €140,000 | -€2.8m | -95.2% |
| Non-distributable reserves | 130/1 | €140,000 | €140,000 | = | 0.0% |
| Legal reserve | 130 | €140,000 | €140,000 | = | 0.0% |
| Distributable reserves | 133 | €2,750,000 | €0 | -€2.8m | -100.0% |
| Profit (loss) carried forward | 14 | €72,064 | €248,575 | +€176,511 | +244.9% |
| Amounts payable | 17/49 | €2,941,767 | €0 | -€2.9m | -100.0% |
| Amounts payable after more than one year | 17 | €1,918,279 | €0 | -€1.9m | -100.0% |
| Financial debts | 170/4 | €1,918,279 | €0 | -€1.9m | -100.0% |
| Amounts payable within one year | 42/48 | €966,935 | €0 | -€966,935 | -100.0% |
| Current portion of amounts payable after more than one year | 42 | €216,935 | €0 | -€216,935 | -100.0% |
| Other amounts payable | 47/48 | €750,000 | €0 | -€750,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €56,553 | €0 | -€56,553 | -100.0% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €173,290 | €11,449 | -€161,841 | -93.4% |
| Operating profit (loss) | 9901 | €172,197 | €10,322 | -€161,874 | -94.0% |
| Financial income | 75/76B | €588,579 | €2,796,543 | +€2.2m | +375.1% |
| Recurring financial income | 75 | €588,579 | €52,053 | -€536,526 | -91.2% |
| Non-recurring financial income | 76B | - | €2,744,490 | +€2.7m | |
| Financial charges | 65/66B | €89,833 | €19,670 | -€70,163 | -78.1% |
| Recurring financial charges | 65 | €89,833 | €19,670 | -€70,163 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | €670,943 | €2,787,195 | +€2.1m | +315.4% |
| Income taxes | 67/77 | €32,728 | €10,684 | -€22,044 | -67.4% |
| Profit (loss) for the period | 9904 | €638,215 | €2,776,511 | +€2.1m | +335.0% |
| Profit (loss) for the period to be appropriated | 9905 | €638,215 | €2,776,511 | +€2.1m | +335.0% |
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 30 September 2026 via checked.be.