MAPALA: 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.
MAPALA
Largest movements
- Receivables within one year -€31,924
down €31,924 (-55.1%), from €57,901 to €25,977
- Cash +€7,460
up €7,460 (+16.4%), from €45,511 to €52,971
mainly Receivables within one year (+€31,924) and Depreciation (+€5,171)
- Tangible fixed assets -€4,778
down €4,778 (-82.7%), from €5,777 to €999
of which Furniture and vehicles: -€4,093
- Debts after one year -€27,913
down €27,913 (-42.8%), from €65,145 to €37,232
- Depreciation -€6,701
down €6,701 (-56.4%), from €11,872 to €5,171
- Other operating charges +€3,825
up €3,825 (+541.5%), from €706 to €4,531
- Gross operating margin -€3,398
down €3,398 (-24.1%), from €14,072 to €10,674
- Financial charges -€395
down €395 (-21.2%), from €1,867 to €1,472
- Financial income +€231
up €231 (+29.4%), from €784 to €1,015
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 | €160,365 | €131,744 | -€28,621 | -17.8% |
| Fixed assets | 21/28 | €56,953 | €52,796 | -€4,156 | -7.3% |
| Intangible fixed assets | 21 | €426 | €32 | -€394 | -92.4% |
| Tangible fixed assets | 22/27 | €5,777 | €999 | -€4,778 | -82.7% |
| Plant, machinery and equipment | 23 | €1,154 | €470 | -€684 | -59.3% |
| Furniture and vehicles | 24 | €4,623 | €529 | -€4,093 | -88.5% |
| Financial fixed assets | 28 | €50,750 | €51,765 | +€1,015 | +2.0% |
| Current assets | 29/58 | €103,412 | €78,948 | -€24,464 | -23.7% |
| Amounts receivable within one year | 40/41 | €57,901 | €25,977 | -€31,924 | -55.1% |
| Trade receivables | 40 | €57,901 | €25,977 | -€31,924 | -55.1% |
| Cash at bank and in hand | 54/58 | €45,511 | €52,971 | +€7,460 | +16.4% |
| Total equity and liabilities | 10/49 | €160,365 | €131,744 | -€28,621 | -17.8% |
| Equity | 10/15 | €55,706 | €55,788 | +€83 | +0.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,706 | €49,788 | +€83 | +0.2% |
| Amounts payable | 17/49 | €104,659 | €75,956 | -€28,703 | -27.4% |
| Amounts payable after more than one year | 17 | €65,145 | €37,232 | -€27,913 | -42.8% |
| Financial debts | 170/4 | €65,145 | €37,232 | -€27,913 | -42.8% |
| Amounts payable within one year | 42/48 | €39,514 | €38,724 | -€790 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €31,688 | €32,079 | +€391 | +1.2% |
| Trade debts | 44 | €5,958 | €5,320 | -€637 | -10.7% |
| Suppliers | 440/4 | €5,958 | €5,320 | -€637 | -10.7% |
| Taxes, remuneration and social security | 45 | €1,868 | €1,324 | -€545 | -29.1% |
| Taxes | 450/3 | €1,868 | €1,324 | -€545 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,872 | €5,171 | -€6,701 | -56.4% |
| Other operating charges | 640/8 | €706 | €4,531 | +€3,825 | +541.5% |
| Gross operating margin | 9900 | €14,072 | €10,674 | -€3,398 | -24.1% |
| Operating profit (loss) | 9901 | €1,493 | €971 | -€522 | -35.0% |
| Financial income | 75/76B | €784 | €1,015 | +€231 | +29.4% |
| Recurring financial income | 75 | €784 | €1,015 | +€231 | +29.4% |
| Financial charges | 65/66B | €1,867 | €1,472 | -€395 | -21.2% |
| Recurring financial charges | 65 | €1,867 | €1,472 | -€395 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €410 | €514 | +€103 | +25.2% |
| Income taxes | 67/77 | €389 | €431 | +€43 | +10.9% |
| Profit (loss) for the period | 9904 | €22 | €83 | +€61 | +281.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22 | €83 | +€61 | +281.3% |
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 12 October 2026 via checked.be.