Mapada: 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.
Mapada
Largest movements
- Tangible fixed assets -€15,323
down €15,323 (-4.4%), from €344,392 to €329,069
of which Land and buildings: -€14,903
- Cash -€14,755
down €14,755 (-36.8%), from €40,126 to €25,371
mainly Other debts (-€18,269) and Investment in fixed assets (net) (-€8,189)
- Receivables within one year +€7,300
new in 2025: €7,300
- Other debts -€18,269
down €18,269 (-18.6%), from €98,054 to €79,785
- Debts after one year -€7,271
down €7,271 (-92.1%), from €7,891 to €620
- Trade debts +€5,823
up €5,823 (+1,040%), from €560 to €6,383
- Gross operating margin -€41,067
down €41,067 (-48.8%), from €84,080 to €43,013
- Taxes -€5,986
down €5,986 (-95.3%), from €6,284 to €298
- Financial charges -€2,515
down €2,515 (-26.3%), from €9,553 to €7,038
- Provisions +€2,503
up €2,503 (+70.8%), from -€3,537 to -€1,034
- Depreciation +€1,503
up €1,503 (+6.8%), from €22,010 to €23,512
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 | €491,605 | €470,111 | -€21,494 | -4.4% |
| Fixed assets | 21/28 | €344,912 | €329,589 | -€15,323 | -4.4% |
| Tangible fixed assets | 22/27 | €344,392 | €329,069 | -€15,323 | -4.4% |
| Land and buildings | 22 | €335,439 | €320,536 | -€14,903 | -4.4% |
| Plant, machinery and equipment | 23 | €1,284 | €936 | -€348 | -27.1% |
| Furniture and vehicles | 24 | €7,669 | €7,597 | -€72 | -0.9% |
| Financial fixed assets | 28 | €520 | €520 | = | 0.0% |
| Current assets | 29/58 | €146,693 | €140,522 | -€6,171 | -4.2% |
| Amounts receivable within one year | 40/41 | - | €7,300 | +€7,300 | |
| Other amounts receivable | 41 | - | €7,300 | +€7,300 | |
| Current investments | 50/53 | €106,567 | €106,567 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,126 | €25,371 | -€14,755 | -36.8% |
| Deferred charges and accrued income | 490/1 | - | €1,284 | +€1,284 | |
| Total equity and liabilities | 10/49 | €491,605 | €470,111 | -€21,494 | -4.4% |
| Equity | 10/15 | €321,781 | €322,900 | +€1,119 | +0.3% |
| Contributions | 10/11 | €322,262 | €322,262 | = | 0.0% |
| Capital | 10 | €322,262 | €322,262 | = | 0.0% |
| Issued capital | 100 | €322,262 | €322,262 | = | 0.0% |
| Reserves | 13 | €17,420 | €14,517 | -€2,903 | -16.7% |
| Tax-exempt reserves | 132 | €17,420 | €14,517 | -€2,903 | -16.7% |
| Profit (loss) carried forward | 14 | -€17,901 | -€13,878 | +€4,022 | +22.5% |
| Provisions and deferred taxes | 16 | €53,538 | €51,009 | -€2,529 | -4.7% |
| Provisions for liabilities and charges | 160/5 | €44,568 | €43,534 | -€1,034 | -2.3% |
| Environmental obligations | 163 | €44,568 | €43,534 | -€1,034 | -2.3% |
| Deferred taxes | 168 | €8,970 | €7,475 | -€1,495 | -16.7% |
| Amounts payable | 17/49 | €116,286 | €96,202 | -€20,084 | -17.3% |
| Amounts payable after more than one year | 17 | €7,891 | €620 | -€7,271 | -92.1% |
| Financial debts | 170/4 | €7,891 | €620 | -€7,271 | -92.1% |
| Amounts payable within one year | 42/48 | €108,395 | €95,582 | -€12,813 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €6,965 | €7,271 | +€306 | +4.4% |
| Trade debts | 44 | €560 | €6,383 | +€5,823 | +1,040% |
| Suppliers | 440/4 | €560 | €6,383 | +€5,823 | +1,040% |
| Taxes, remuneration and social security | 45 | €2,816 | €2,143 | -€673 | -23.9% |
| Taxes | 450/3 | €2,816 | €2,143 | -€673 | -23.9% |
| Other amounts payable | 47/48 | €98,054 | €79,785 | -€18,269 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,010 | €23,512 | +€1,503 | +6.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,537 | -€1,034 | +€2,503 | +70.8% |
| Other operating charges | 640/8 | €13,507 | €13,931 | +€424 | +3.1% |
| Gross operating margin | 9900 | €84,080 | €43,013 | -€41,067 | -48.8% |
| Operating profit (loss) | 9901 | €52,100 | €6,603 | -€45,498 | -87.3% |
| Financial income | 75/76B | €210 | €357 | +€147 | +70.0% |
| Recurring financial income | 75 | €210 | €357 | +€147 | +70.0% |
| Financial charges | 65/66B | €9,553 | €7,038 | -€2,515 | -26.3% |
| Recurring financial charges | 65 | €9,553 | €7,038 | -€2,515 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €42,757 | -€78 | -€42,836 | |
| Transfer from deferred taxes | 780 | €1,495 | €1,495 | = | 0.0% |
| Income taxes | 67/77 | €6,284 | €298 | -€5,986 | -95.3% |
| Profit (loss) for the period | 9904 | €37,969 | €1,119 | -€36,850 | -97.1% |
| Transfer from tax-exempt reserves | 789 | €2,903 | €2,903 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,872 | €4,022 | -€36,850 | -90.2% |
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 18 October 2026 via checked.be.