MAPAS: 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.
MAPAS
Largest movements
- Tangible fixed assets -€12,599
down €12,599 (-3.1%), from €408,375 to €395,776
- Debts after one year -€12,827
down €12,827 (-11.2%), from €114,066 to €101,239
- Other debts +€5,986
up €5,986 (+17.0%), from €35,247 to €41,233
- Reserves -€4,515
down €4,515 (-3.1%), from €145,671 to €141,156
- Gross operating margin -€1,039
down €1,039 (-8.7%), from €11,965 to €10,926
- Other operating charges -€407
down €407 (-25.2%), from €1,617 to €1,210
- Depreciation +€126
up €126 (+1.0%), from €12,473 to €12,599
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 | €408,646 | €397,074 | -€11,571 | -2.8% |
| Fixed assets | 21/28 | €408,375 | €395,776 | -€12,599 | -3.1% |
| Tangible fixed assets | 22/27 | €408,375 | €395,776 | -€12,599 | -3.1% |
| Land and buildings | 22 | €408,375 | €395,776 | -€12,599 | -3.1% |
| Current assets | 29/58 | €271 | €1,298 | +€1,027 | +379% |
| Cash at bank and in hand | 54/58 | €271 | €1,298 | +€1,027 | +379% |
| Total equity and liabilities | 10/49 | €408,646 | €397,074 | -€11,571 | -2.8% |
| Equity | 10/15 | €179,390 | €176,891 | -€2,499 | -1.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €145,671 | €141,156 | -€4,515 | -3.1% |
| Tax-exempt reserves | 132 | €145,671 | €141,156 | -€4,515 | -3.1% |
| Profit (loss) carried forward | 14 | -€28,255 | -€26,238 | +€2,016 | +7.1% |
| Provisions and deferred taxes | 16 | €75,009 | €72,684 | -€2,325 | -3.1% |
| Deferred taxes | 168 | €75,009 | €72,684 | -€2,325 | -3.1% |
| Amounts payable | 17/49 | €154,247 | €147,499 | -€6,748 | -4.4% |
| Amounts payable after more than one year | 17 | €114,066 | €101,239 | -€12,827 | -11.2% |
| Financial debts | 170/4 | €114,066 | €101,239 | -€12,827 | -11.2% |
| Amounts payable within one year | 42/48 | €40,181 | €46,260 | +€6,079 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €4,934 | €5,027 | +€93 | +1.9% |
| Other amounts payable | 47/48 | €35,247 | €41,233 | +€5,986 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,473 | €12,599 | +€126 | +1.0% |
| Other operating charges | 640/8 | €1,617 | €1,210 | -€407 | -25.2% |
| Gross operating margin | 9900 | €11,965 | €10,926 | -€1,039 | -8.7% |
| Operating profit (loss) | 9901 | -€2,124 | -€2,882 | -€758 | -35.7% |
| Financial charges | 65/66B | €1,941 | €1,942 | +€1 | 0.0% |
| Recurring financial charges | 65 | €1,941 | €1,942 | +€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,065 | -€4,824 | -€758 | -18.7% |
| Transfer from deferred taxes | 780 | €2,325 | €2,325 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€1,740 | -€2,499 | -€758 | -43.6% |
| Transfer from tax-exempt reserves | 789 | €4,515 | €4,515 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,775 | €2,016 | -€758 | -27.3% |
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 14 October 2026 via checked.be.