MAPADOC: 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.
MAPADOC
Largest movements
- Cash +€51,801
up €51,801 (+30.5%), from €169,827 to €221,628
mainly Other debts (+€170,227) and Net result for the year (+€42,589)
- Tangible fixed assets -€4,041
down €4,041 (-4.1%), from €97,530 to €93,489
of which Plant, machinery and equipment: -€11,040
- Other debts +€170,227
new in 2025: €170,227
- Reserves -€128,997
down €128,997 (-55.3%), from €233,360 to €104,364
of which Non-distributable reserves: -€128,997
- Tax, wage and social debts +€18,384
up €18,384 (+467.6%), from €3,931 to €22,316
- Profit (loss) carried forward -€11,986
down €11,986 (-100.0%), from €11,986 to €0
- Taxes -€8,981
down €8,981 (-42.1%), from €21,339 to €12,357
- Gross operating margin -€7,404
down €7,404 (-9.0%), from €82,230 to €74,827
- Depreciation +€2,689
up €2,689 (+24.4%), from €11,040 to €13,729
- Other operating charges -€1,627
down €1,627 (-68.0%), from €2,394 to €767
- Financial charges +€1,084
up €1,084 (+24.4%), from €4,446 to €5,530
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 | €269,057 | €316,823 | +€47,766 | +17.8% |
| Fixed assets | 21/28 | €97,580 | €93,539 | -€4,041 | -4.1% |
| Tangible fixed assets | 22/27 | €97,530 | €93,489 | -€4,041 | -4.1% |
| Plant, machinery and equipment | 23 | €97,530 | €86,490 | -€11,040 | -11.3% |
| Furniture and vehicles | 24 | - | €6,999 | +€6,999 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €171,477 | €223,284 | +€51,807 | +30.2% |
| Cash at bank and in hand | 54/58 | €169,827 | €221,628 | +€51,801 | +30.5% |
| Deferred charges and accrued income | 490/1 | €1,650 | €1,656 | +€6 | +0.4% |
| Total equity and liabilities | 10/49 | €269,057 | €316,823 | +€47,766 | +17.8% |
| Equity | 10/15 | €260,013 | €119,030 | -€140,983 | -54.2% |
| Contributions | 10/11 | €14,667 | €14,667 | = | 0.0% |
| Reserves | 13 | €233,360 | €104,364 | -€128,997 | -55.3% |
| Non-distributable reserves | 130/1 | €222,085 | €93,089 | -€128,997 | -58.1% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €220,225 | €91,229 | -€128,997 | -58.6% |
| Tax-exempt reserves | 132 | €11,275 | €11,275 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,986 | €0 | -€11,986 | -100.0% |
| Amounts payable | 17/49 | €9,044 | €197,793 | +€188,749 | +2087.0% |
| Amounts payable within one year | 42/48 | €9,044 | €197,793 | +€188,749 | +2087.0% |
| Trade debts | 44 | €5,113 | €5,251 | +€138 | +2.7% |
| Suppliers | 440/4 | €5,113 | €5,251 | +€138 | +2.7% |
| Taxes, remuneration and social security | 45 | €3,931 | €22,316 | +€18,384 | +467.6% |
| Taxes | 450/3 | €3,931 | €22,316 | +€18,384 | +467.6% |
| Other amounts payable | 47/48 | - | €170,227 | +€170,227 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,040 | €13,729 | +€2,689 | +24.4% |
| Other operating charges | 640/8 | €2,394 | €767 | -€1,627 | -68.0% |
| Gross operating margin | 9900 | €82,230 | €74,827 | -€7,404 | -9.0% |
| Operating profit (loss) | 9901 | €68,797 | €60,331 | -€8,466 | -12.3% |
| Financial income | 75/76B | €418 | €146 | -€272 | -65.0% |
| Recurring financial income | 75 | €418 | €146 | -€272 | -65.0% |
| Financial charges | 65/66B | €4,446 | €5,530 | +€1,084 | +24.4% |
| Recurring financial charges | 65 | €4,446 | €5,530 | +€1,084 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €64,768 | €54,947 | -€9,821 | -15.2% |
| Income taxes | 67/77 | €21,339 | €12,357 | -€8,981 | -42.1% |
| Profit (loss) for the period | 9904 | €43,430 | €42,589 | -€840 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,430 | €42,589 | -€840 | -1.9% |
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 29 September 2026 via checked.be.