MAPADISA: 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.
MAPADISA
Largest movements
- Tangible fixed assets -€7,731
down €7,731 (-2.8%), from €278,866 to €271,136
- Profit (loss) carried forward -€7,955
down €7,955 (-7.2%), from -€111,142 to -€119,098
- Gross operating margin -€8,780
down €8,780 (-97.4%), from €9,016 to €236
- Depreciation -€344
down €344 (-4.3%), from €8,074 to €7,731
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 | €282,045 | €272,537 | -€9,508 | -3.4% |
| Fixed assets | 21/28 | €279,466 | €271,736 | -€7,731 | -2.8% |
| Tangible fixed assets | 22/27 | €278,866 | €271,136 | -€7,731 | -2.8% |
| Land and buildings | 22 | €278,866 | €271,136 | -€7,731 | -2.8% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €2,579 | €801 | -€1,778 | -68.9% |
| Cash at bank and in hand | 54/58 | €2,579 | €801 | -€1,778 | -68.9% |
| Total equity and liabilities | 10/49 | €282,045 | €272,537 | -€9,508 | -3.4% |
| Equity | 10/15 | -€92,542 | -€100,498 | -€7,955 | -8.6% |
| Reserves | 13 | €18,600 | €18,600 | = | 0.0% |
| Distributable reserves | 133 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,142 | -€119,098 | -€7,955 | -7.2% |
| Amounts payable | 17/49 | €374,588 | €373,035 | -€1,553 | -0.4% |
| Amounts payable after more than one year | 17 | €371,360 | €371,360 | = | 0.0% |
| Other amounts payable | 178/9 | €371,360 | €371,360 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,228 | €1,675 | +€447 | +36.4% |
| Trade debts | 44 | €1,062 | - | -€1,062 | |
| Suppliers | 440/4 | €1,062 | - | -€1,062 | |
| Other amounts payable | 47/48 | €166 | €1,675 | +€1,509 | +909.2% |
| Accrued charges and deferred income | 492/3 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,074 | €7,731 | -€344 | -4.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €9,016 | €236 | -€8,780 | -97.4% |
| Operating profit (loss) | 9901 | €554 | -€7,894 | -€8,449 | |
| Financial charges | 65/66B | €62 | €61 | -€1 | -1.6% |
| Recurring financial charges | 65 | €62 | €61 | -€1 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €493 | -€7,955 | -€8,448 | |
| Profit (loss) for the period | 9904 | €493 | -€7,955 | -€8,448 | |
| Profit (loss) for the period to be appropriated | 9905 | €493 | -€7,955 | -€8,448 |
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 10 October 2026 via checked.be.