MAPA IMMO: what changed
Two financial 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 IMMO
Largest movements
- Tangible fixed assets -€25,396
down €25,396 (-3.7%), from €688,769 to €663,373
- Debts after one year -€30,116
down €30,116 (-14.3%), from €210,806 to €180,690
- Gross operating margin -€1,017
down €1,017 (-2.5%), from €40,616 to €39,599
- Other operating charges +€599
up €599 (+14.0%), from €4,296 to €4,896
- Financial charges -€584
down €584 (-10.2%), from €5,749 to €5,165
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.
Derived cash bridge
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 | €695,047 | €670,045 | -€25,001 | -3.6% |
| Fixed assets | 21/28 | €688,769 | €663,373 | -€25,396 | -3.7% |
| Tangible fixed assets | 22/27 | €688,769 | €663,373 | -€25,396 | -3.7% |
| Land and buildings | 22 | €688,769 | €663,373 | -€25,396 | -3.7% |
| Current assets | 29/58 | €6,277 | €6,672 | +€395 | +6.3% |
| Cash at bank and in hand | 54/58 | €6,277 | €6,672 | +€395 | +6.3% |
| Total equity and liabilities | 10/49 | €695,047 | €670,045 | -€25,001 | -3.6% |
| Equity | 10/15 | €176,226 | €180,368 | +€4,142 | +2.4% |
| Contributions | 10/11 | €238,000 | €238,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,774 | -€57,632 | +€4,142 | +6.7% |
| Amounts payable | 17/49 | €518,821 | €489,678 | -€29,143 | -5.6% |
| Amounts payable after more than one year | 17 | €210,806 | €180,690 | -€30,116 | -14.3% |
| Financial debts | 170/4 | €210,806 | €180,690 | -€30,116 | -14.3% |
| Amounts payable within one year | 42/48 | €282,014 | €282,953 | +€940 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €29,470 | €30,116 | +€646 | +2.2% |
| Other amounts payable | 47/48 | €252,544 | €252,838 | +€294 | +0.1% |
| Accrued charges and deferred income | 492/3 | €26,001 | €26,034 | +€33 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,396 | €25,396 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,296 | €4,896 | +€599 | +14.0% |
| Gross operating margin | 9900 | €40,616 | €39,599 | -€1,017 | -2.5% |
| Operating profit (loss) | 9901 | €10,923 | €9,307 | -€1,616 | -14.8% |
| Financial charges | 65/66B | €5,749 | €5,165 | -€584 | -10.2% |
| Recurring financial charges | 65 | €5,749 | €5,165 | -€584 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €5,174 | €4,142 | -€1,033 | -20.0% |
| Profit (loss) for the period | 9904 | €5,174 | €4,142 | -€1,033 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,174 | €4,142 | -€1,033 | -20.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.