Mapache: 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.
Mapache
Largest movements
- Cash +€31,080
up €31,080 (+240.9%), from €12,900 to €43,981
mainly Other debts (+€82,429) and Net result for the year (+€51,476)
- Receivables within one year -€14,531
down €14,531 (-42.5%), from €34,217 to €19,686
of which Other amounts receivable: -€14,531
- Tangible fixed assets +€5,963
up €5,963 (+5.5%), from €109,348 to €115,311
of which Other tangible fixed assets: +€11,324
- Other debts +€82,429
up €82,429 (+127.9%), from €64,460 to €146,889
- Profit (loss) carried forward -€63,309
no longer reported in 2025 (was €63,309)
- Tax, wage and social debts +€3,067
up €3,067 (+28.7%), from €10,685 to €13,751
of which Remuneration and social security: +€5,751
- Gross operating margin -€6,220
down €6,220 (-7.0%), from €88,781 to €82,561
- Taxes +€5,308
up €5,308 (+67.5%), from €7,858 to €13,166
- Depreciation +€1,172
up €1,172 (+7.5%), from €15,696 to €16,868
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 | €158,382 | €181,233 | +€22,851 | +14.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €109,748 | €115,711 | +€5,963 | +5.4% |
| Tangible fixed assets | 22/27 | €109,348 | €115,311 | +€5,963 | +5.5% |
| Plant, machinery and equipment | 23 | €32,721 | €36,809 | +€4,088 | +12.5% |
| Furniture and vehicles | 24 | €25,334 | €15,886 | -€9,448 | -37.3% |
| Other tangible fixed assets | 26 | €51,292 | €62,616 | +€11,324 | +22.1% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €48,634 | €65,522 | +€16,888 | +34.7% |
| Amounts receivable within one year | 40/41 | €34,217 | €19,686 | -€14,531 | -42.5% |
| Trade receivables | 40 | €16,940 | €16,940 | = | 0.0% |
| Other amounts receivable | 41 | €17,277 | €2,746 | -€14,531 | -84.1% |
| Cash at bank and in hand | 54/58 | €12,900 | €43,981 | +€31,080 | +240.9% |
| Deferred charges and accrued income | 490/1 | €1,517 | €1,855 | +€339 | +22.3% |
| Total equity and liabilities | 10/49 | €158,382 | €181,233 | +€22,851 | +14.4% |
| Equity | 10/15 | €82,237 | €18,928 | -€63,309 | -77.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €328 | €328 | = | 0.0% |
| Tax-exempt reserves | 132 | €328 | €328 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,309 | - | -€63,309 | |
| Amounts payable | 17/49 | €76,144 | €162,304 | +€86,160 | +113.2% |
| Amounts payable within one year | 42/48 | €75,144 | €160,695 | +€85,551 | +113.8% |
| Trade debts | 44 | - | €54 | +€54 | |
| Suppliers | 440/4 | - | €54 | +€54 | |
| Taxes, remuneration and social security | 45 | €10,685 | €13,751 | +€3,067 | +28.7% |
| Taxes | 450/3 | €10,685 | €8,001 | -€2,684 | -25.1% |
| Remuneration and social security | 454/9 | - | €5,751 | +€5,751 | |
| Other amounts payable | 47/48 | €64,460 | €146,889 | +€82,429 | +127.9% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,610 | +€610 | +61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,696 | €16,868 | +€1,172 | +7.5% |
| Other operating charges | 640/8 | €1,035 | €1,255 | +€220 | +21.3% |
| Gross operating margin | 9900 | €88,781 | €82,561 | -€6,220 | -7.0% |
| Operating profit (loss) | 9901 | €72,049 | €64,437 | -€7,612 | -10.6% |
| Financial income | 75/76B | €497 | €406 | -€92 | -18.4% |
| Recurring financial income | 75 | €497 | €406 | -€92 | -18.4% |
| Financial charges | 65/66B | €229 | €202 | -€27 | -11.8% |
| Recurring financial charges | 65 | €229 | €202 | -€27 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €72,318 | €64,641 | -€7,676 | -10.6% |
| Income taxes | 67/77 | €7,858 | €13,166 | +€5,308 | +67.5% |
| Profit (loss) for the period | 9904 | €64,460 | €51,476 | -€12,984 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,460 | €51,476 | -€12,984 | -20.1% |
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 7 October 2026 via checked.be.