MAPALE: 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.
MAPALE
Largest movements
- Cash -€15,499
down €15,499 (-25.7%), from €60,214 to €44,716
mainly Receivables within one year (-€15,303) and Trade debts (-€2,386)
- Receivables within one year +€15,303
up €15,303 (+53.9%), from €28,397 to €43,700
of which Other amounts receivable: +€15,371
- Trade debts -€2,386
down €2,386 (-38.5%), from €6,202 to €3,816
- Profit (loss) carried forward +€2,016
up €2,016 (+2.6%), from €78,424 to €80,440
- Gross operating margin +€13,641
up €13,641, from -€4,823 to €8,818
- Financial charges +€1,861
up €1,861 (+86.0%), from €2,164 to €4,025
- Other operating charges +€131
up €131 (+19.8%), from €661 to €792
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 | €94,027 | €92,800 | -€1,227 | -1.3% |
| Fixed assets | 21/28 | €818 | €595 | -€223 | -27.3% |
| Tangible fixed assets | 22/27 | €818 | €595 | -€223 | -27.3% |
| Plant, machinery and equipment | 23 | €818 | €595 | -€223 | -27.3% |
| Current assets | 29/58 | €93,209 | €92,205 | -€1,004 | -1.1% |
| Stocks and contracts in progress | 3 | €2,176 | €1,598 | -€578 | -26.5% |
| Stocks | 30/36 | €2,176 | €1,598 | -€578 | -26.5% |
| Amounts receivable within one year | 40/41 | €28,397 | €43,700 | +€15,303 | +53.9% |
| Trade receivables | 40 | €3,267 | €3,199 | -€68 | -2.1% |
| Other amounts receivable | 41 | €25,130 | €40,501 | +€15,371 | +61.2% |
| Cash at bank and in hand | 54/58 | €60,214 | €44,716 | -€15,499 | -25.7% |
| Deferred charges and accrued income | 490/1 | €2,422 | €2,190 | -€231 | -9.6% |
| Total equity and liabilities | 10/49 | €94,027 | €92,800 | -€1,227 | -1.3% |
| Equity | 10/15 | €85,302 | €87,317 | +€2,016 | +2.4% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Reserves | 13 | €6,578 | €6,578 | = | 0.0% |
| Distributable reserves | 133 | €6,578 | €6,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,424 | €80,440 | +€2,016 | +2.6% |
| Amounts payable | 17/49 | €8,725 | €5,482 | -€3,243 | -37.2% |
| Amounts payable within one year | 42/48 | €8,725 | €5,482 | -€3,243 | -37.2% |
| Trade debts | 44 | €6,202 | €3,816 | -€2,386 | -38.5% |
| Suppliers | 440/4 | €6,202 | €3,816 | -€2,386 | -38.5% |
| Taxes, remuneration and social security | 45 | €1,357 | €500 | -€857 | -63.2% |
| Taxes | 450/3 | €1,357 | €500 | -€857 | -63.2% |
| Other amounts payable | 47/48 | €1,166 | €1,166 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223 | €223 | = | 0.0% |
| Other operating charges | 640/8 | €661 | €792 | +€131 | +19.8% |
| Gross operating margin | 9900 | -€4,823 | €8,818 | +€13,641 | |
| Operating profit (loss) | 9901 | -€5,707 | €7,803 | +€13,510 | |
| Financial income | 75/76B | €211 | €234 | +€23 | +10.8% |
| Recurring financial income | 75 | €211 | €234 | +€23 | +10.8% |
| Financial charges | 65/66B | €2,164 | €4,025 | +€1,861 | +86.0% |
| Recurring financial charges | 65 | €2,164 | €4,025 | +€1,861 | +86.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,660 | €4,012 | +€11,672 | |
| Income taxes | 67/77 | €321 | €330 | +€10 | +3.0% |
| Profit (loss) for the period | 9904 | -€7,981 | €3,682 | +€11,662 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,981 | €3,682 | +€11,662 |
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 26 October 2026 via checked.be.