MAPA PARTNERS: 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 PARTNERS
Largest movements
- Current investments +€41,506
new in 2025: €41,506
- Cash +€39,372
up €39,372 (+31.1%), from €126,626 to €165,998
mainly Net result for the year (+€66,020) and Provisions (+€47,908)
- Receivables within one year +€28,940
up €28,940 (+105%), from €27,561 to €56,500
of which Trade receivables: +€28,932
- Reserves +€65,000
up €65,000 (+59.5%), from €109,200 to €174,200
of which Distributable reserves: +€65,000
- Provisions +€47,908
new in 2025: €47,908
- Tax, wage and social debts -€11,295
down €11,295 (-25.3%), from €44,600 to €33,305
- Trade debts +€6,755
up €6,755 (+6,919%), from €98 to €6,853
- Provisions +€47,908
new in 2025: €47,908
- Gross operating margin +€36,765
up €36,765 (+34.3%), from €107,317 to €144,082
- Financial income +€1,698
new in 2025: €1,698
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 | €158,602 | €267,990 | +€109,388 | +69.0% |
| Formation expenses | 20 | €498 | €332 | -€166 | -33.3% |
| Fixed assets | 21/28 | €3,426 | €3,654 | +€228 | +6.6% |
| Tangible fixed assets | 22/27 | €3,426 | €3,654 | +€228 | +6.6% |
| Furniture and vehicles | 24 | €3,426 | €3,654 | +€228 | +6.6% |
| Current assets | 29/58 | €154,678 | €264,004 | +€109,326 | +70.7% |
| Amounts receivable within one year | 40/41 | €27,561 | €56,500 | +€28,940 | +105% |
| Trade receivables | 40 | €27,519 | €56,451 | +€28,932 | +105% |
| Other amounts receivable | 41 | €42 | €49 | +€8 | +18.2% |
| Current investments | 50/53 | - | €41,506 | +€41,506 | |
| Cash at bank and in hand | 54/58 | €126,626 | €165,998 | +€39,372 | +31.1% |
| Deferred charges and accrued income | 490/1 | €492 | - | -€492 | |
| Total equity and liabilities | 10/49 | €158,602 | €267,990 | +€109,388 | +69.0% |
| Equity | 10/15 | €113,905 | €179,924 | +€66,020 | +58.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €109,200 | €174,200 | +€65,000 | +59.5% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €109,000 | €174,000 | +€65,000 | +59.6% |
| Profit (loss) carried forward | 14 | €2,705 | €3,724 | +€1,020 | +37.7% |
| Provisions and deferred taxes | 16 | - | €47,908 | +€47,908 | |
| Provisions for liabilities and charges | 160/5 | - | €47,908 | +€47,908 | |
| Other liabilities and charges | 164/5 | - | €47,908 | +€47,908 | |
| Amounts payable | 17/49 | €44,698 | €40,158 | -€4,540 | -10.2% |
| Amounts payable within one year | 42/48 | €44,698 | €40,158 | -€4,540 | -10.2% |
| Trade debts | 44 | €98 | €6,853 | +€6,755 | +6,919% |
| Suppliers | 440/4 | €98 | €6,853 | +€6,755 | +6,919% |
| Taxes, remuneration and social security | 45 | €44,600 | €33,305 | -€11,295 | -25.3% |
| Taxes | 450/3 | €44,600 | €33,305 | -€11,295 | -25.3% |
| Remuneration, social security and pensions | 62 | €1,921 | €2,008 | +€87 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,308 | €1,521 | +€213 | +16.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €47,908 | +€47,908 | |
| Other operating charges | 640/8 | €64 | €568 | +€505 | +794% |
| Gross operating margin | 9900 | €107,317 | €144,082 | +€36,765 | +34.3% |
| Operating profit (loss) | 9901 | €104,024 | €92,075 | -€11,948 | -11.5% |
| Financial income | 75/76B | - | €1,698 | +€1,698 | |
| Recurring financial income | 75 | - | €1,698 | +€1,698 | |
| Financial charges | 65/66B | €69 | €99 | +€30 | +43.5% |
| Recurring financial charges | 65 | €69 | €99 | +€30 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €103,955 | €93,674 | -€10,281 | -9.9% |
| Income taxes | 67/77 | €29,030 | €27,654 | -€1,376 | -4.7% |
| Profit (loss) for the period | 9904 | €74,924 | €66,020 | -€8,905 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,924 | €66,020 | -€8,905 | -11.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.