MAPAREST: 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.
MAPAREST
Largest movements
- Tangible fixed assets +€108,447
up €108,447 (+108.1%), from €100,347 to €208,794
of which Plant, machinery and equipment: +€62,228
- Receivables within one year -€101,639
down €101,639 (-96.3%), from €105,576 to €3,937
of which Trade receivables: -€97,830
- Cash -€28,639
down €28,639 (-90.5%), from €31,654 to €3,015
mainly Investment in fixed assets (net) (-€147,872) and Trade debts (-€102,570)
- Deferred charges and accrued income +€16,985
up €16,985 (+1144.5%), from €1,484 to €18,469
- Stocks and contracts +€7,312
up €7,312 (+116.1%), from €6,300 to €13,612
- Trade debts -€102,570
down €102,570 (-81.2%), from €126,311 to €23,741
- Debts after one year +€65,225
up €65,225 (+46.6%), from €140,000 to €205,225
- Tax, wage and social debts +€31,601
up €31,601 (+232.8%), from €13,577 to €45,178
of which Taxes: +€17,355
- Profit (loss) carried forward -€20,285
down €20,285 (-41.8%), from -€48,571 to -€68,856
- Current portion of long-term debt +€17,447
new in 2025: €17,447
- Gross operating margin +€379,759
up €379,759, from -€20,812 to €358,947
- Staff costs +€310,810
up €310,810 (+2264.9%), from €13,723 to €324,533
- Depreciation +€38,519
up €38,519 (+4251.5%), from €906 to €39,425
- Financial charges +€8,646
up €8,646 (+1779.0%), from €486 to €9,132
- Other operating charges +€6,726
up €6,726 (+515.4%), from €1,305 to €8,031
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 | €245,361 | €247,827 | +€2,466 | +1.0% |
| Fixed assets | 21/28 | €100,347 | €208,794 | +€108,447 | +108.1% |
| Tangible fixed assets | 22/27 | €100,347 | €208,794 | +€108,447 | +108.1% |
| Plant, machinery and equipment | 23 | €2,736 | €64,964 | +€62,228 | +2274.4% |
| Furniture and vehicles | 24 | €60,651 | €81,150 | +€20,499 | +33.8% |
| Other tangible fixed assets | 26 | €32,960 | €62,680 | +€29,720 | +90.2% |
| Assets under construction and advance payments | 27 | €4,000 | - | -€4,000 | |
| Current assets | 29/58 | €145,014 | €39,033 | -€105,981 | -73.1% |
| Stocks and contracts in progress | 3 | €6,300 | €13,612 | +€7,312 | +116.1% |
| Stocks | 30/36 | €6,300 | €13,612 | +€7,312 | +116.1% |
| Amounts receivable within one year | 40/41 | €105,576 | €3,937 | -€101,639 | -96.3% |
| Trade receivables | 40 | €97,830 | - | -€97,830 | |
| Other amounts receivable | 41 | €7,746 | €3,937 | -€3,809 | -49.2% |
| Cash at bank and in hand | 54/58 | €31,654 | €3,015 | -€28,639 | -90.5% |
| Deferred charges and accrued income | 490/1 | €1,484 | €18,469 | +€16,985 | +1144.5% |
| Total equity and liabilities | 10/49 | €245,361 | €247,827 | +€2,466 | +1.0% |
| Equity | 10/15 | -€42,374 | -€62,659 | -€20,285 | -47.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,571 | -€68,856 | -€20,285 | -41.8% |
| Amounts payable | 17/49 | €287,735 | €310,486 | +€22,751 | +7.9% |
| Amounts payable after more than one year | 17 | €140,000 | €205,225 | +€65,225 | +46.6% |
| Financial debts | 170/4 | €140,000 | €205,225 | +€65,225 | +46.6% |
| Amounts payable within one year | 42/48 | €147,381 | €101,874 | -€45,507 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | - | €17,447 | +€17,447 | |
| Financial debts | 43 | - | €7,854 | +€7,854 | |
| Credit institutions | 430/8 | - | €7,854 | +€7,854 | |
| Trade debts | 44 | €126,311 | €23,741 | -€102,570 | -81.2% |
| Suppliers | 440/4 | €126,311 | €23,741 | -€102,570 | -81.2% |
| Taxes, remuneration and social security | 45 | €13,577 | €45,178 | +€31,601 | +232.8% |
| Taxes | 450/3 | €758 | €18,113 | +€17,355 | +2289.6% |
| Remuneration and social security | 454/9 | €12,819 | €27,065 | +€14,246 | +111.1% |
| Other amounts payable | 47/48 | €7,493 | €7,654 | +€161 | +2.1% |
| Accrued charges and deferred income | 492/3 | €354 | €3,387 | +€3,033 | +856.8% |
| Remuneration, social security and pensions | 62 | €13,723 | €324,533 | +€310,810 | +2264.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €906 | €39,425 | +€38,519 | +4251.5% |
| Other operating charges | 640/8 | €1,305 | €8,031 | +€6,726 | +515.4% |
| Gross operating margin | 9900 | -€20,812 | €358,947 | +€379,759 | |
| Operating profit (loss) | 9901 | -€36,746 | -€13,042 | +€23,704 | +64.5% |
| Financial income | 75/76B | €60 | €1,889 | +€1,829 | +3048.3% |
| Recurring financial income | 75 | €36 | €786 | +€750 | +2083.3% |
| Non-recurring financial income | 76B | €24 | €1,103 | +€1,079 | +4495.8% |
| Financial charges | 65/66B | €486 | €9,132 | +€8,646 | +1779.0% |
| Recurring financial charges | 65 | €486 | €9,132 | +€8,646 | +1779.0% |
| Profit (loss) for the period before taxes | 9903 | -€37,172 | -€20,285 | +€16,887 | +45.4% |
| Profit (loss) for the period | 9904 | -€37,172 | -€20,285 | +€16,887 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,172 | -€20,285 | +€16,887 | +45.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.